The cost of crude oil exported into the People’s Republic of China during 2019 totaled US$238.7 billion in 2019, expanding by 77.7% since 2015 but declining by -0.2% from 2018 to 2019. Forty-three countries supplied crude petroleum oil to China in 2019. Roughly half (44.8%) of Chinese imported crude oil originates from nine Middle Eastern nations ranging from $386 million from … [Read more...] about Top 15 Crude Oil Suppliers to China
Asia
Japan’s Top Trading Partners
Known as the Land of the Rising Sun, Japan is a major economic and political power in Asia. Yet it is a North American nation--the United States--that became the number one purchaser of Japanese export products during 2019. The world’s fourth-largest exporter, Japan shipped $705.7 billion worth of goods around the globe in 2019. That dollar amount reflects a -4.4% decline … [Read more...] about Japan’s Top Trading Partners
India’s Top Trading Partners
Officially named the Republic of India, India is a South Asian nation that shares land borders with China, Nepal and Bhutan to its north-east, Burma and Bangladesh to its east, and Pakistan to its west. India exported US$322.8 billion worth of goods around the globe in 2019. That dollar amount reflects a -0.4% reduction since 2015 but a 22.3% gain from 2018 to 2019. Applying … [Read more...] about India’s Top Trading Partners
China’s Top Trading Partners
The world’s largest exporter by value, China exported US$2.499 trillion worth of goods around the globe in 2019. That dollar amount reflects a 9.9% gain since 2015 and a modest 0.2% increase from 2018 to 2019. That dollar amount also represents 13% of overall global exports for 2018 (calculated as $19.285 trillion by the International Trade Center). Applying a continental … [Read more...] about China’s Top Trading Partners
Philippines Top Trading Partners
The Philippines is a densely populated island home to 108.3 million residents located in Southeast Asia. The country’s official name is the Republic of the Philippines. The Philippines exported US$70.3 billion worth of goods around the globe in 2019. That dollar amount reflects a 19.9% acceleration since 2015 and a 4.2% increase from 2018 to 2019. Applying a continental lens, … [Read more...] about Philippines Top Trading Partners