Top Indian Trade Balances

Crude oil, gold, coal and smartphones were major factors behind India’s highest trade deficits by product in 2017. China, Switzerland and Saudi Arabia 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$184.5 billion in 2018, up by […]

China’s Top Trading Partners

The world’s largest exporter by value, China shipped US$2.294 trillion worth of products around the globe in 2018 according to the latest statistics reported by the International Trade Centre. That dollar amount results from a 6.5% gain since 2014 and a 10.2% increase from 2017 to 2018. Applying a continental lens, about half (47.8%) of […]

United States Top 10 Imports

The United States of America imported US$2.614 trillion worth of goods from around the globe in 2018. That dollar amount reflects an 8.4% gain since 2014 and an 8.5% uptick from 2017 to 2018. From a continental perspective, 45.4% of America’s total imports by value in 2018 were purchased from providers in Asia. Fellow North […]

China Versus US Key Product Trade Balances

The People’s Republic of China earned a total US$323.7 billion trade surplus at the expense of the United States of America in 2018. China’s latest positive trade balance with America reflects a 36.6% expansion since 2014 and a 17.3% gain from its $275.9 billion in black ink during 2018. To give some context to the […]

Germany’s Top Trading Partners

The world’s third-largest exporter after China and the United States, Germany shipped US$1.557 trillion worth of products around the globe in 2018. That dollar figure represents roughly 8.9% of overall global exports estimated at $17.546 trillion one year earlier in 2017. Reported as of August 15, 2019, Germany exported $632.9 billion worth of goods during […]

Australia’s Top 10 Imports

Australia imported US$227.3 billion worth of goods from around the globe in 2018, down by -0.6% since 2014 but up by 2.7% from 2017 to 2018. Australian imports represent 1.3% of overall global imports which totaled an estimated $17.788 trillion one year earlier during 2017 (calculated as of January 21, 2019). From a continental perspective, […]

UK’s Major EU Exports

The United Kingdom exported US$224.8 billion worth of goods to European Union members during 2018 or 46.2% of UK’s global exports total of $487.1 billion. The EU dollar amount reflects an 7.2% increase in UK-to-EU international sales from 2017 to 2018 but a -6.9% reduction from $241.6 billion in 2014. In comparison, total UK exports […]

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 about 40% of all Australian export sales. During 2015, Australia signed the China-Australia Free Trade Agreement (FTA), which opened tariff-free markets for agricultural, natural resources, energy and […]