Strategically located near highly populated trading partners including China, Pakistan and Bangladesh, the Republic of India shipped US$394.8 billion worth of goods around the globe in 2021. That dollar amount reflects a 33.4% increase since 2017 and a 43.3% acceleration from 2020 to 2021. Based on the average exchange rate for 2021 on a Purchasing Power Parity basis, the … [Read more...] about India’s Top 10 Exports
Asia
China’s Top 10 Exports
Located in East Asia near key trading partners including Japan, South Korea, Vietnam, India and Singapore, the People’s Republic of China shipped US$3.026 trillion worth of goods around the globe in 2021. That dollar amount reflects a 33.2% gain since 2017 and a 16.8% increase from 2020 to 2021. According to exchange rate metrics from the International Monetary Fund, the … [Read more...] about China’s Top 10 Exports
China’s Top 10 Imports
The People’s Republic of China imported US$2.439 trillion worth of goods from around the globe in 2021. That dollar amount reflects a 32.5% increase since 2017 and an 18.6% uptick from 2020 to 2021. Based on the average exchange rate for 2021, the Chinese yuan has appreciated by 4.6% against the US dollar since 2017 and increased by 6.5% from 2020 to 2021. China's stronger … [Read more...] about China’s Top 10 Imports
Top Indian Trade Balances
Crude oil, gold, coal and petroleum gases were among the major drivers propelling India’s highest trade deficits by product in 2021. Mainland China, Switzerland and Iraq took the top three spots for trade partners causing India its highest negative balances exchanging exports and imports. India’s overall trade deficit for all products equaled -US$175.6 billion in 2021, up by … [Read more...] about Top Indian Trade Balances
India’s Top 10 Imports
India imported US$570.4 billion worth of goods from around the globe in 2021, up by 28.5% since 2017 and up by 55% from 2020 to 2021. Based on the average exchange rate for 2021 on a Purchasing Power Parity basis, the Indian rupee dropped by -13.5% against the US dollar since 2017 but appreciated by 0.2% from 2020 to 2021 India's weaker local currency since 2017 makes India's … [Read more...] about India’s Top 10 Imports
