The People’s Republic of China imported US$2.559 trillion worth of goods bought from suppliers around the globe in 2023. That dollar amount results from a 23.8% increase from $2.067 trillion five years earlier during 2019. Year over year, the overall cost of China’s imports retreated by -5.8% from $2.716 trillion in 2022. Based on the average exchange rate for 2023, the … [Read more...] about China’s Top 10 Imports
Countries
Top United States Trade Balances
The overall US trade balance for all products totaled -US1.153 trillion in red ink for 2023. That trade deficit results from a -12.2% reduction compared to the -$1.313 trillion deficit for 2022 and a 44.6% expansion from -$797.7 billion of red ink 8 years earlier in 2016. Petroleum gases, refined petroleum oils, soya beans, coal including solid fuels made from coal and corn … [Read more...] about Top United States Trade Balances
Japan’s Top 10 Exports
Japan shipped US$717.6 billion worth of exported products around the globe in 2023. That dollar amount reflects a -4.6% year-over-year reduction compared to $752.1 billion in 2022. From 2019 to 2023, the overall value of Japanese exported goods rose by 1.7% from $705.8 billion. Based on the average exchange rate for 2023, the Japanese yen fell by -28.9% against the US … [Read more...] about Japan’s Top 10 Exports
Russia’s Top 10 Exports
Occupying Northern Asia and a large part of Eastern Europe thus making Russia the world’s biggest area by geographic area, Russia shipped US$491.9 billion worth of exported products around the globe in 2023. That estimated dollar metric results from a -5.6% decrease compared to $422.8 billion five years earlier in 2019. Year over year, the total value of Russian exports … [Read more...] about Russia’s Top 10 Exports
Most Valuable US Imports & Exports with Mexico
International buyers in the United States of America imported US$480.1 billion worth of products from Mexico, officially the United Mexican States. The overall value of imports into the United States provided by its southern neighbor rose by an average 4.5% year over year from 2022 when America’s purchases from Mexican suppliers were valued at $459.2 billion. On the other … [Read more...] about Most Valuable US Imports & Exports with Mexico