The overall US trade balance for all products totaled -US$976.1 billion in red ink for 2020. That trade deficit reflects a 5.7% increase from the -$923.2 billion negative score for 2019 and a 30.3% expansion from -$749 billion shortfall in 2013. Petroleum gases, soya beans, refined petroleum oils, integrated circuits and machinery for making semi-conductors are … [Read more...] about Top United States Trade Balances
Import News
Electric Cars Imports by Country
International purchases of imported electric cars totaled US$23.2 billion in 2019. That dollar amount reflects a 202.9% increase since 2017 while representing 3% of all globally imported cars for the same year--compared to 1.4% one year earlier. From a continental perspective, European countries spent the most on imported electric cars during 2019 with purchases costing $16 … [Read more...] about Electric Cars Imports by Country
Top Russian Trade Balances
Mobile phones, automobile parts or accessories as well as medication mixes in dosage are major factors behind Russia’s highest trade deficits by product. Netherlands, Turkey and the United Kingdom are the top 3 trade partners at the expense of which Russia earned the highest positive trade balances. Russia’s overall trade surplus incorporating all products and countries … [Read more...] about Top Russian Trade Balances
Fresh or Frozen Beef Imports by Country
Encompassing fresh, chilled and frozen beef, worldwide purchases of imported beef totaled US$49.8 billion in 2019. The overall cost of beef imports rose 19.8% for all importing countries since 2015 when beef purchases were valued at $41.6 billion. Year over year, globally imported beef increased in cost by 5.6% from 2018 to 2019. By meat type, global imports of frozen beef … [Read more...] about Fresh or Frozen Beef Imports by Country
Taiwan’s Top Trading Partners
Sometimes referred to as Chinese Taipei and officially called the Republic of China, the island of Taiwan is surrounded by major trading partners in the People’s Republic of China to its west, Japan to its east and the Philippines to its south. Taiwan exported US$347.2 billion worth of goods around the globe in 2020. That dollar amount reflects a 24.4% gain since 2016 and a … [Read more...] about Taiwan’s Top Trading Partners
