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
Trade balances
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
Top Chinese Trade Balances
Mobile phones and computers represent major factors driving China’s highest trade surpluses by product, while the United Kingdom and Singapore 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 equaled a positive US$535 billion in 2020, … [Read more...] about Top Chinese Trade Balances
Top Canadian Trade Balances
Canada’s total trade deficit for all products equaled -US$14.2 billion in 2020, up 174.7% from the -$5.2 billion deficit in 2013. Year over year, the most recent -$14.2 billion in red ink represents a 116.1% increase from the -$6.6 billion deficit that Canada generated one year earlier during 2019. To put that metric into perspective, the country's total external debt … [Read more...] about Top Canadian Trade Balances
Top German Trade Balances
Cars, medications and automotive parts or accessories were major factors behind Germany’s highest international trade surpluses by product. The United States, France and the United Kingdom placed as the top 3 trade partners from which Germany earned the highest positive trade balances. Germany’s overall trade surplus for all products equaled US$205.9 billion in 2020, down by … [Read more...] about Top German Trade Balances
