The United Kingdom’s overall trade deficit incorporating all products and with all countries equaled -US$231.2 billion in 2021. That dollar amount reflects a 26.2% expansion from the -$183.2 billion deficit in 2014 as the global recession accelerated. Year over year, the -$231.2 billion in red ink for 2021 represents a -3.1% reduction from the -$238.5 billion deficit that … [Read more...] about Top UK Trade Balances
Import News
Tobacco Cigarettes Imports by Country
International purchases of imported tobacco cigarettes cost a total US$18.93 billion in 2021. Overall the value of imported tobacco cigarettes declined -23.5% for all importing countries since 2017 when international purchases of tobacco cigarettes were valued at $24.7 billion. Year over year, the overall value of imported tobacco cigarettes dropped by -15.7% from $22.44 … [Read more...] about Tobacco Cigarettes Imports by Country
Cellphone Imports by Country
Worldwide imports of cellphones cost a total US$xxx billion in 2021. Overall the cost of imported mobile phones purchases increased by 1.6% since 2017 when international purchases of cellphones were valued at $277.9 billion. Year over year, the value of globally imported cellphones dropped by -9.2% from 2020 to 2021. From a continental perspective, buyers located in Asian … [Read more...] about Cellphone Imports by Country
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
Top Chinese Trade Balances
Mobile phones and computers continue to be major drivers for China’s highest trade surpluses by product. From a geographic perspective, the United States of America and Hong Kong placed first and second respectively among trade partners at the expense of which the People’s Republic posted its highest positive trade balances. China’s total trade balance for all products … [Read more...] about Top Chinese Trade Balances