Russia’s overall trade surplus incorporating all products and countries equaled US$198.2 billion in 2021, down -6.2% from the $105.4-billion surplus for 2014. Year over year, the most recent $198.2 billion in black ink represents an 87.9% increase compared to the $105.5-billion surplus that the Russian Federation earned during 2020. Mobile phones, automobile parts or … [Read more...] about Top Russian Trade Balances
Europe
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
Latvia’s Top 10 Imports
An Eastern European country located in the Baltic Region , Latvia imported US$24.3 billion worth of goods from around the globe in 2021, up by 51.3% since 2017 and expanding by 40.3% from 2020 to 2021. Based on the average exchange rate for 2021, Latvia uses the euro which appreciated by 5% against the US dollar since 2017 and increased by 3.9% from 2020 to 2021. The stronger … [Read more...] about Latvia’s Top 10 Imports
Top German Trade Balances
Cars, medications and automotive parts or accessories were major factors behind Germany’s highest international trade surpluses by product. The United States, France and the United Kingdom placed as the top 3 trade partners from which Germany earned the highest positive trade balances. Germany’s overall trade surplus for all products equaled US$205.9 billion in 2020, down by … [Read more...] about Top German Trade Balances
UK’s Major EU Exports
The United Kingdom exported US$215.4 billion worth of goods to nations that are European Union members during 2019 or 46% of UK’s global exports total of $468.3 billion. The EU subtotal reflects an 2.8% increase in UK-to-EU international sales from 2017 to 2019 but a -5.4% reduction from $227.7 billion in 2018. In comparison, overall UK exports to all trade partners worldwide … [Read more...] about UK’s Major EU Exports