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
Top Chinese Trade Balances
Mobile phones and computers represent major factors driving China’s highest trade surpluses by product, while the United States and Hong Kong placed first and second respectively among trade partners at the expense of which the People’s Republic posted its highest positive trade balances. China’s total trade balance for all products equaled a positive US$429.6 billion in 2019, … [Read more...] about Top Chinese Trade Balances
Top Russian Trade Balances
Crude and refined petroleum oils as well as coal and petroleum gases are major factors behind Russia’s highest trade surpluses by product. Netherlands, Turkey and the United Kingdom are the top 3 trade partners at the expense of which Russia earned the highest positive trade balances. Russia’s overall trade surplus incorporating all products and countries equaled US$179 … [Read more...] about Top Russian Trade Balances
Top Canadian Trade Balances
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
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