Formerly called Zuid-Afrika, South Africa continues to face international trade challenges related to its geographic distances from South African trading partners like mainland China, Germany and the United States of America. South Africa exported US$110.5 billion worth of products around the globe in 2024. That dollar amount results from a 28.9% increase compared to $85.7 … [Read more...] about Top South African Trading Partners
Import News
Germany’s Top 10 Imports
Germany imported US$1.425 trillion worth of products from around the world in 2024, up by 21.5% compared to $1.173 trillion during 2020. Year over year, the total cost of Germany’s imported goods declined by -3% from $1.47 billion in 2023. Based on the average exchange rate for 2024, Germany uses the euro which flatlined via a 0.02% gain against the US dollar from 2023 to … [Read more...] about Germany’s Top 10 Imports
South Korea’s Top Trading Partners
Officially named the Republic of Korea, South Korea is strategically located between the world-class importers namely China to its west and another Asian economic powerhouse Japan to South Korea’s east. South Korea exported US$683.7 billion worth of products during 2024, up by 33.3% compared to $512.8 billion for 2020. On an annual basis, the dollar total for 2024 results … [Read more...] about South Korea’s Top Trading Partners
United Kingdom’s Top Trading Partners
Comprised of England, Northern Ireland, Scotland and Wales, the United Kingdom is a sovereign state situated across from continental Europe’s north-western coast. The United Kingdom shipped US$512.8 billion worth of exported products around the world in 2024. That dollar amount results from a 27.4% increase from $402.6 billion five years earlier for 2020 but a -1.3% setback … [Read more...] about United Kingdom’s Top Trading Partners
Australia’s Top 10 Imports
Australia imported US$284.5 billion worth of products from around the world in 2024. Spanning a five-year timespan, that dollar amount reflects a 40.6% increase in spending from $202.3 billion that Australia paid for imports during 2020. Year over year, the total cost of Australian imports slowed to a 3.1% gain compared to $276 billion for 2023. Based on the average exchange … [Read more...] about Australia’s Top 10 Imports