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
Trade balances
UK’s Major EU Exports
The United Kingdom exported US$215.4 billion worth of goods to nations that are European Union members during 2019 or 46% of UK’s global exports total of $468.3 billion. The EU subtotal reflects an 2.8% increase in UK-to-EU international sales from 2017 to 2019 but a -5.4% reduction from $227.7 billion in 2018. In comparison, overall UK exports to all trade partners worldwide … [Read more...] about UK’s Major EU Exports
Top UK Trade Balances
Gold, mobile phones and computers were major factors behind the United Kingdom’s highest trade deficits by product. Germany and China placed first and second respectively among trade partners with which United Kingdom endured the highest negative trade balances. The United Kingdom’s overall trade deficit incorporating all products and countries equaled -US$220.4 billion in … [Read more...] about Top UK Trade Balances
US Versus India Key Product Trade Balances
The United States of America experienced a total -US$25.5 billion trade deficit at the hands of India in 2019. America’s latest yearly negative trade balance with India reflects a 1.1% increase since 2015 and an 11.2% expansion from its -$22.9 billion in red ink during 2018. To give some context to the magnitude of America’s product deficit from exchanging exported and … [Read more...] about US Versus India Key Product 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