Crude oil, gold, coal and smartphones were some of the major factors behind India’s highest trade deficits by product in 2019. China, Saudi Arabia and Iraq took the top three spots for trade partners giving India the highest negative balances exchanging exports and imports. India’s overall trade deficit for all products equaled -US$157.2 billion in 2019, down by -21.2% from … [Read more...] about Top Indian Trade Balances
Import News
Australia’s Top Trading Partners
Nicknamed the Land Down Under, Australia is an island economy that strongly benefits from its close proximity to the vast markets of China and Japan which together represent over 40% of all Australian export sales. From a global perspective, Australia shipped US$272.4 billion worth of products worldwide during 2019. That dollar amount reflects a 42.5% increase since 2015 and a … [Read more...] about Australia’s Top Trading Partners
Fresh or Frozen Beef Imports by Country
Encompassing fresh, chilled and frozen beef, worldwide purchases of imported beef totaled US$49.8 billion in 2019. The overall cost of beef imports rose 19.8% for all importing countries since 2015 when beef purchases were valued at $41.6 billion. Year over year, globally imported beef increased in cost by 5.6% from 2018 to 2019. By meat type, global imports of frozen beef … [Read more...] about Fresh or Frozen Beef Imports by Country
Canada’s Top Trading Partners
Nicknamed the Great White North, the Dominion of Canada shares its busy and extensive southern land border with its largest trading partner--the United States of America. Canada shipped US$446.5 billion worth of products around the globe in 2019. That dollar figure represents a 9.2% increase since 2015 but a -0.9% dip from 2018 to 2019. Applying a continental lens, 76.7% of … [Read more...] about Canada’s Top Trading Partners
Germany’s Top Trading Partners
The world’s third-largest exporter after China and the United States, Germany shipped US$1.486 trillion worth of goods around the globe in 2019. That dollar amount reflects a 12.3% improvement since 2015 but a -4.5% retreat from 2018 to 2019. That dollar figure represents roughly 7.7% compared to overall global exports estimated at $19.285 trillion one year earlier in … [Read more...] about Germany’s Top Trading Partners