The People’s Republic of China earned a total US$295.3 billion trade surplus at the expense of the United States of America in 2019. China’s latest yearly positive trade balance with America reflects a 13% increase since 2015 but a -8.8% decline from its $323.7 billion in black ink during 2018. To give some context to the magnitude of China’s product surplus from exchanging … [Read more...] about China Versus US Key Product Trade Balances
Trade balances
Japan’s Top Trade Balances
In 2019 cars, automobile parts or accessories and machinery for making semi-conductors are major drivers for the highest positive trade balances for Japan. Japan’s total trade balance for all products equaled a -US$15.2 billion deficit for 2019, down -82.6% from the -$87.4 billion in red ink for 2012. Year over year, Japan’s -$15.2 billion trade deficit in 2019 represents a … [Read more...] about Japan’s Top Trade Balances
Top United States Trade Balances
The overall US trade balance for all products totaled -US$923.2 billion in red ink for 2019. That trade deficit reflects a -2.4% reduction from the -$946.4 billion negative score for 2018 but a 16.9% expansion from -$789.7 billion in 2012. Refined petroleum oils, petroleum gases, soya beans, coal and corn are counterbalancing drivers behind the highest positive trade balances … [Read more...] about Top United States Trade Balances
Top Filipino Trade Balances
The Philippines’ overall trade balance encompassing all products totaled -US$42.6 billion in red ink for 2019, a deficit that has swelled 218.8% from a -$13.4 billion deficit in 2012. Year over year, the Philippines’ -$42.6 billion trade deficit for 2019 reflects a -10.6% downtick from -$47.6 billion one year earlier in 2018. Petroleum oils, cars and mobile phones were major … [Read more...] about Top Filipino Trade Balances
Top Indian Trade Balances
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