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 sold US$474.3 billion worth of exported products around the globe in 2024. That dollar amount reflects a 36.8% gain compared to … [Read more...] about Taiwan’s Top Trading Partners
Import News
India’s Top 10 Imports
India bought US$702.6 billion worth of goods imported from around the globe in 2024, up by 90.9% compared to $368 billion five years earlier during 2020. Year over year, that total dollar cost results from a 4.6% upturn from $672 billion in 2023. Based on the average exchange rate for 2024 on a Purchasing Power Parity basis, the Indian rupee depreciated by -1.4% from 2023 to … [Read more...] about India’s Top 10 Imports
Top South African Trading Partners
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
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