The European Union’s collective economy is about 6 times bigger than the Gross Domestic Product on a Purchasing Power Parity basis for the United Kingdom. Cobbled together the EU’s overall population is roughly 5 times the UK’s head count. Nevertheless, the United Kingdom has made significant progress in improving its trade performance versus the 27 remaining EU countries … [Read more...] about United Kingdom vs European Union Scorecard
Trade partners
Nepal’s Top Trading Partners
In 2022, Nepal exported US$1.3 million worth of products worldwide. That dollar amount represents a 66.4% gain from $781.1 million five years earlier in 2018. Year over year, the value of Nepal’s total exports reduced by -22% compared to $1.67 billion during 2021. Applying a continental perspective, 77.5% of Nepal's exports by value was delivered to countries in Asia while … [Read more...] about Nepal’s Top Trading Partners
Hong Kong’s Top Trading Partners
Nicknamed Pearl of the Orient, Hong Kong is a special administrative region in the People’s Republic of China located on China’s south coast. Hong Kong exported US$611.5 billion worth of goods around the world in 2022. That dollar metric reflects a 7.4% increase in Hong Kong’s export sales compared to $569.1 billion during 2018. Year over year, Hong Kong’s export sales … [Read more...] about Hong Kong’s Top Trading Partners
Russia’s Top Trading Partners
Based on the latest international trade map data, Russia exported US$491.6 billion worth of merchandise around the globe in 2021. That dollar amount reflects a 37.7% expansion since 2017 and a 45.8% increase from 2020 to 2021. By value, Russia generates about 2.3% of the world’s overall product exports estimated at $17.503 trillion one year earlier in 2020. Officially named … [Read more...] about Russia’s Top Trading Partners
Top UK Trade Balances
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