An Eastern European country located in the Baltic Region , Latvia imported US$24.3 billion worth of goods from around the globe in 2021, up by 51.3% since 2017 and expanding by 40.3% from 2020 to 2021. Based on the average exchange rate for 2021, Latvia uses the euro which appreciated by 5% against the US dollar since 2017 and increased by 3.9% from 2020 to 2021. The stronger … [Read more...] about Latvia’s Top 10 Imports
Top Canadian Trade Balances
Canada’s total trade surplus for all products equaled US$14.5 billion in 2021, up 19.8% from the $12.1 billion surplus in 2014. Year over year, the most recent $14.5 billion in black ink represents a reversal from the -$14.4 billion deficit that Canada incurred one year earlier during 2020. To put that metric into perspective, the country's total external debt encompassing … [Read more...] about Top Canadian Trade Balances
Major Export Companies: Alcoholic Beverages
Global exports for alcoholic beverages totaled US$96 billion in 2019, up by 17.1% from $81.9 billion during 2015. From 2018 to 2019, the value of exported booze shrank by -0.1%. At 44.4% of the worldwide total, liquor is the largest alcoholic beverages export category. International liquor sales increased in value by 1.2% from 2018 to 2019. In comparison, exports of wine … [Read more...] about Major Export Companies: Alcoholic Beverages
Top German Trade Balances
Cars, medications and automotive parts or accessories were major factors behind Germany’s highest international trade surpluses by product. The United States, France and the United Kingdom placed as the top 3 trade partners from which Germany earned the highest positive trade balances. Germany’s overall trade surplus for all products equaled US$205.9 billion in 2020, down by … [Read more...] about Top German Trade Balances
Top Filipino Trade Balances
The Philippines’ overall trade balance encompassing all products totaled -US$28.9 billion in red ink for 2020, a deficit that has swelled by 198.4% from a -$9 billion deficit in 2013. Year over year, the Philippines’ -$26.9 billion trade deficit for 2020 reflects a -36.9% reduction from the -$42.6 billion negative trade balance one year earlier in 2019. Petroleum oils, mobile … [Read more...] about Top Filipino Trade Balances