Consistent with the grim storm clouds cast by the Great Recession from October 2007 to 2009, the vast majority of countries suffered serious reductions in their export sales over that same period. The value of products exported from all countries in 2009 fell to US$12.349 trillion, down -22.7% from $15.978 trillion in 2008 following the financial crisis. Only 16 countries out … [Read more...] about Great Recession International Trade Losses by Country
Trade Wars: China Versus USA
Chinese and American exporters and importers exchanged a total US$635.7 billion worth of products in 2018. That total for international sales to customers in both superpower nations reflects a 14.1% increase from the $557.2 billion in intercountry trade during 2014. Although China is the world’s number one exporter with global shipments worth almost 1.5 times higher than those … [Read more...] about Trade Wars: China Versus USA
World’s Fastest-Growing Export Products
After analyzing 2018 data for the exports that generate the highest dollar value in international sales, we found three products that realized increased revenues by over 50% from 2014 to 2018: machinery for making semi-conductors, textile footwear, and beauty, makeup or skin care preparations. Close behind in fourth-place was electric storage batteries via a 49.3% gain over … [Read more...] about World’s Fastest-Growing Export Products
Saudi Arabia’s Top 10 Major Export Companies
Five of Saudi Arabia’s largest companies are financial institutions that support international trade transactions. The sole Middle Eastern country with coasts on both the Red Sea and Persian Gulf, Saudi Arabia is also home to a pair of diversified chemicals producers. To give some global trade perspective on recent Saudi company performance, the overall value of Saudi exported … [Read more...] about Saudi Arabia’s Top 10 Major Export Companies
Switzerland’s Top 10 Major Export Companies
Two of Switzerland’s largest exports-related companies are behemoths competing on the international pharmaceuticals market--namely Novartis and Roche Holding. The other eight companies span a diverse range of industries, from construction materials to electronics. To give some international trade perspective on recent company performance, the overall value of Swiss exported … [Read more...] about Switzerland’s Top 10 Major Export Companies