According to latest International Trade Centre statistics, 63 among the world’s 230 countries, islands, territories or other geographic entities posted an overall trade surplus for 2018. Those 63 trade partners listed below generated international surpluses via their sales revenues coming in from exports exceeding payments made for import purchases. On a more upbeat note, 37 … [Read more...] about Report Card for Trade Surpluses and Deficits by Country
Trade balances
Top Japanese Trade Balances
In 2018 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$10.2 billion deficit for 2018, down -68.4% from the -$32.2 billion in red ink for 2011. Year over year, Japan’s -$10.2 billion trade deficit in 2018 represents a … [Read more...] about Top Japanese Trade Balances
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 yearly 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. During the first 6 months of 2019, China grew its trade surplus doing business with … [Read more...] about China Versus US Key Product Trade Balances
Top Russian Trade Balances
Crude and refined petroleum oils as well as coal are major factors behind Russia’s highest trade surpluses by product. Netherlands and Turkey placed first and second respectively among trade partners with which Russia earned the highest positive trade balances. Russia’s overall trade surplus incorporating all products and countries equaled US$211.2 billion in 2018, up 0.1% … [Read more...] about Top Russian Trade Balances
Top United States Trade Balances
Refined petroleum oils, petroleum gases, soya beans, corn and coal are major drivers for the highest positive trade balances for the United States during 2018. Cars, crude oil, smartphones, computers and medication mixes in dosage represent major factors causing the US to experience the greatest trade deficits by product. America’s trade balance for all products totaled a … [Read more...] about Top United States Trade Balances