The overall US trade balance for all products totaled -US1.153 trillion in red ink for 2023. That trade deficit results from a -12.2% reduction compared to the -$1.313 trillion deficit for 2022 and a 44.6% expansion from -$797.7 billion of red ink 8 years earlier in 2016. Petroleum gases, refined petroleum oils, soya beans, coal including solid fuels made from coal and corn … [Read more...] about Top United States Trade Balances
North America
Top North American Export Countries
Exports shipped from North America totaled US$3.181 trillion for 2023. That dollar amount reflects a 24.7% increase from 5 years earlier in 2019 when North American shipments were worth $2.55 trillion. Year over year, the value of North America’s exported products slipped by -1.8% compared to $3.239 trillion for 2022. Exports from North America represent about 13.4% of all … [Read more...] about Top North American Export Countries
US Imported Beer Ranked by Suppliers & Average Prices
In 2023, importers in the United States of America bought a total US$7.14 billion worth of beer from 79 supplier countries. That dollar amount results from a 22.2% gain from the $5.84 billion that the US spent on overall beer imports 5 years earlier in 2019, slowing to a 1.3% year-over-year increase from $7.05 billion starting from 2022. Beer is the world’s most popular … [Read more...] about US Imported Beer Ranked by Suppliers & Average Prices
Mexico’s Top Trade Balances by Products & Countries
After all exported and imported products are included in the calculation, Mexico incurred an overall -US$5.5 billion trade deficit in 2023. That dollar amount in red ink represents a reversal from the $5.4 billion trade surplus 5 years earlier in 2019. Year over year, Mexico's recent -$5.5 billion trade deficit for 2023 represents a -79.6% shrinkage from -$26.9 billion in red … [Read more...] about Mexico’s Top Trade Balances by Products & Countries
Top Continents for Exported Products
Asian exporters accounted for 9.66 trillion or 41.5% of the overall US$24.487 trillion worth of exported products shipped during 2023, down from 42.6% in 2022. In second place were European countries trailed by suppliers in North America, Latin America excluding Mexico but including the Caribbean, Africa, then Oceania led by Australia and New Zealand. Below are key metric for … [Read more...] about Top Continents for Exported Products