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
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 Indian Trade Balances
Crude oil, gold, coal and smartphones were major factors behind India’s highest trade deficits by product for 2018. 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 14.7% from -$160.9 … [Read more...] about Top Indian Trade Balances
Top Mexican Trade Balances
Overall, Mexico posted a -$13.7 billion trade deficit in 2018 when all exported and imported products are included in the calculation. That dollar amount in red ink is roughly 8 times higher than the -$1.5 billion in Mexico’s red ink from international trade 7 years earlier in 2011. Year over year, Mexico's -$13.7 billion trade shortfall in 2018 represents a 25.8% increase … [Read more...] about Top Mexican Trade Balances
Top Canadian Trade Balances
Trucks, auto parts or accessories, smartphones and other technology-related goods were major factors behind Canada’s highest product trade deficits during 2018. China and Mexico placed first and second respectively among trade partners with which Canada experienced the highest negative trade balances. Canada’s total trade deficit for all products equaled -US$9.1 billion in … [Read more...] about Top Canadian Trade Balances