The Philippines’ overall trade balance encompassing all products totaled -US$28.9 billion in red ink for 2020, a deficit that has swelled by 198.4% from a -$9 billion deficit in 2013. Year over year, the Philippines’ -$26.9 billion trade deficit for 2020 reflects a -36.9% reduction from the -$42.6 billion negative trade balance one year earlier in 2019. Petroleum oils, mobile … [Read more...] about Top Filipino Trade Balances
Trade balances
Japan’s Top Trade Balances
In 2020 cars, automobile parts or accessories, and machinery for making semi-conductors are major drivers for the highest positive trade balances for Japan. Japan’s total trade balance for all products equaled a US$6.9 billion surplus for 2020, reversing -$118.1 billion in red ink for 2013. Year over year, Japan’s $6.9 billion trade surplus in 2020 also represents a reversal … [Read more...] about Japan’s Top Trade Balances
Top Brazilian Trade Balances
Brazil’s overall trade surplus for all products equaled US$50.9 billion in 2020, up by 2,127% from its $2.3 billion surplus in 2013. Year over year, the $50.9 billion in black ink for 2020 reflects a 9.1% increase from the $46.7 billion surplus that Brazil generated one year earlier in 2019. Products including soya beans, iron, crude oil, sugar and frozen beef were major … [Read more...] about Top Brazilian Trade Balances
Top UK Trade Balances
Gold, mobile phones and computers were major factors behind the United Kingdom’s highest trade deficits by product. China, Germany and Russia placed in the first three respectively among trade partners with which United Kingdom suffered the highest negative trade balances for 2020. The United Kingdom’s overall trade deficit incorporating all products and countries equaled … [Read more...] about Top UK Trade Balances
Top South Korean Trade Balances
Exported electronics components and cars were major factors behind South Korea’s highest trade surpluses by product. Hong Kong, Vietnam and China placed in the top 3 respectively among trade partners with which South Korea won the highest positive trade balances. South Korea’s overall trade surplus for all products equaled US$45.2 billion in 2020, up by 2.6% from a $44.1 … [Read more...] about Top South Korean Trade Balances
