Three of South Korea’s 10 largest export companies operate in the global automotive industry. Two Korean electronics industry players also rank among the Asian country’s top exporters, as do two Korean competitors from the oil and gas sector. To give some contextual perspective on recent company performance, the overall value of South Korean exported products increased by 2.9% … [Read more...] about South Korea’s Top 10 Major Export Companies
Asia
China Versus US Key Product Trade Balances
The People’s Republic of China earned a total US$295.3 billion trade surplus at the expense of the United States of America in 2019. China’s latest yearly positive trade balance with America reflects a 13% increase since 2015 but a -8.8% decline from its $323.7 billion in black ink during 2018. To give some context to the magnitude of China’s product surplus from exchanging … [Read more...] about China Versus US Key Product Trade Balances
Japan’s Top 10 Major Export Companies
Japan’s three biggest exports-oriented companies are automobile manufacturers. Four mammoth Japanese electronics conglomerates also rank among the Asian island’s top exports-related businesses. The following metrics give some perspective on recent company performance. The overall value of Japanese exports increased by 12.9% from US$625 billion in 2015 to $705.8 billion during … [Read more...] about Japan’s Top 10 Major Export Companies
China’s Exported Services
The People’s Republic of China provided US$266.8 billion worth of exported services to clients around the globe during 2018. That dollar amount represents 4.6% of the overall total for services from all countries, up from 4.3% one year earlier. Exported services sourced from China equal over one-tenth (10.7%) of the $2.494 trillion products China exported in 2018. In 2017, … [Read more...] about China’s Exported Services
Trade Wars: China Versus USA
Chinese and American exporters and importers exchanged a total US$635.7 billion worth of products in 2018. That total for international sales to customers in both superpower nations reflects a 14.1% increase from the $557.2 billion in intercountry trade during 2014. Although China is the world’s number one exporter with global shipments worth almost 1.5 times higher than those … [Read more...] about Trade Wars: China Versus USA