UK Major Trade Balances with America

The United States of America is the United Kingdom’s second-biggest trade partner trailing only the European Union. UK’s exports to the US totaled US$58.4 billion in 2017, down by -7% over the five-year period starting in 2013. The UK’s imports from America amounted to $60.8 billion, up by 11.6% over the same duration. More concerning […]

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 overall trade deficit for all products equaled -US$11.8 billion in 2017, up by […]

Top Japanese Trade Balances

Cars, automobile parts and accessories are major drivers for the highest positive trade balances for Japan in 2017. Japan’s total trade balance for all products equaled a US$26.9 billion surplus for 2017, down -64.4% from a $75.7 billion surplus in 2010. Year over year, Japan’s $26.9 billion trade surplus also represents a major setback from […]

Top South Korean Trade Balances

Exported cars, automotive parts or accessories and electronics components were major factors behind South Korea’s highest trade surpluses by product. China and Hong Kong placed first and second respectively among trade partners with which South Korea experienced the highest positive trade balances. South Korea’s overall trade surplus for all products equaled US$95.3 billion in 2017, […]

US Product Surpluses and Deficits with Mexico

The United States incurred a -US$65.9 billion trade deficit exporting to and importing from Mexico during 2016. That statistic represents a 33.7% expansion from America’s -$49.3 billion deficit in 2009, the first year in which full effects from the Global Recession surfaced. Year over year, America’s trade deficit with Mexico in 2016 grew by 7.9% […]