Asia

Crude oil, gold, coal and petroleum gases were among the major drivers propelling India’s highest trade deficits by product in 2021. Mainland China, Switzerland and Iraq took the top three spots for trade partners causing India its highest negative balances exchanging exports and imports. India’s overall trade deficit for all products equaled -US$175.6 billion in 2021, up by … [Read more...] about Top Indian Trade Balances

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

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

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