Gold, iron or steel scrap, mobile phones and coal were major factors behind Turkey’s highest trade deficits by product. Germany, Switzerland, Russia and China represent the trade partners with which Turkey incurred the highest negative trade balances. Turkey’s total trade balance for all products equaled a -US$49.9 billion deficit in 2020, down -50% from the -$99.9 billion in … [Read more...] about Top Turkish Trade Balances
UK’s Major EU Exports
The United Kingdom exported US$215.4 billion worth of goods to nations that are European Union members during 2019 or 46% of UK’s global exports total of $468.3 billion. The EU subtotal reflects an 2.8% increase in UK-to-EU international sales from 2017 to 2019 but a -5.4% reduction from $227.7 billion in 2018. In comparison, overall UK exports to all trade partners worldwide … [Read more...] about UK’s Major EU Exports
US Versus India Key Product Trade Balances
The United States of America experienced a total -US$25.5 billion trade deficit at the hands of India in 2019. America’s latest yearly negative trade balance with India reflects a 1.1% increase since 2015 and an 11.2% expansion from its -$22.9 billion in red ink during 2018. To give some context to the magnitude of America’s product deficit from exchanging exported and … [Read more...] about US Versus India Key Product Trade Balances
Top Online Singalong Songs
People’s love of music is a shared passion that also impacts international trade. In terms of products, worldwide exports of musical instruments were worth US$7 billion in 2019. String instruments--mostly guitars and violins--accounted for $993.2 million of that total. And as the world morphs into a predominantly digital economy, exported services have attracted an astounding … [Read more...] about Top Online Singalong Songs
Australia’s Top 10 Major Export Companies
Three of Australia’s biggest firms are banks that support financing for international trade transactions. In addition, two of Australia’s 10 largest exports-related companies operate in the oil and gas industry. To give some global trade perspective on recent company performance, the overall value of Australian exported goods rose by 42.5% from US$191.3 billion in 2015 to … [Read more...] about Australia’s Top 10 Major Export Companies