Canada’s trade deficit total for all products equaled -US$6.6 billion in 2019, down -20.3% from the -$8.3 billion deficit in 2012. Year over year, the most recent -$6.6 billion in red ink represents a -27.8% decrease from the -$9.1 billion deficit that Canada generated during 2018. To put that metric into perspective, the country's total external debt encompassing both public … [Read more...] about Top Canadian Trade Balances
Trade balances
Top South Korean Trade Balances
Exported electronics components and cars were major factors behind South Korea’s highest trade surpluses by product. Hong Kong and China placed first and second respectively among trade partners with which South Korea won the highest positive trade balances. South Korea’s overall trade surplus for all products equaled US$39.1 billion in 2019, up by 38.2% from a $28.3 billion … [Read more...] about Top South Korean 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 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
Top Turkish Trade Balances
Gold, iron or steel scrap, coal and refined petroleum oils were major factors behind Turkey’s highest trade deficits by product. Russia, China and India represent the three trade partners with which Turkey incurred the highest negative trade balances. Turkey’s total trade balance for all products equaled -US$29.6 billion in 2019, down -64.8% from the -$84.1 billion in red ink … [Read more...] about Top Turkish Trade Balances