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 shipped US$644.4 billion during 2021. That dollar total represents a 25.7% year-over-year acceleration since 2020 and a 12.3% gain over the 5-year period starting … [Read more...] about South Korea’s Top Trading Partners
Asia
Pakistan’s Top Trading Partners
In addition to its southern coastline along the Arabian Sea and Gulf of Oman, Pakistan shares land borders with China in the northeast, India to the east, Iran to the southwest and Afghanistan to the west. Pakistan shipped US$22.2 billion worth of products around the globe in 2020. That dollar amount represents just 0.13% of overall global exports estimated at $17.271 … [Read more...] about Pakistan’s Top Trading Partners
Top 15 Crude Oil Suppliers to China
Crude oil is China’s second-most valuable imported good after integrated electronic circuits. The cost of crude oil exported into the People’s Republic of China during 2020 totaled US$176.3 billion in 2020, expanding by 51.8% since 2016 but dropping by -26.1% from 2019 to 2020. Forty-nine countries supplied crude petroleum oil to mainland China in 2020. The top 5 exporters … [Read more...] about Top 15 Crude Oil Suppliers to China
India’s Top Trading Partners
Officially named the Republic of India, India is a South Asian nation that shares land borders with China, Nepal and Bhutan to its north-east, Burma and Bangladesh to its east, and Pakistan to its west. India exported US$275.5 billion worth of products around the globe in 2020. That dollar amount reflects a 5.6% increase since 2016 but a -14.8% decline from 2019 to … [Read more...] about India’s Top Trading Partners
Indonesia’s Top Trading Partners
The Republic Indonesia shipped US$163.3 billion worth of goods around the globe in 2020. That dollar amount reflects a 13% gain since 2016 but a -2.6% decrease from 2019 to 2020. Applying a continental lens, 70.3% of Indonesia's exports by value were delivered to fellow Asian countries while 12.5% were sold to importers in North America. Indonesia shipped another 11.1% worth … [Read more...] about Indonesia’s Top Trading Partners
