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
North America
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
Mexico’s Top 10 Major Export Companies
Two of Mexico’s 10 largest export companies manufacture beverages enjoyed by drinkers around the world. Two businesses that export diversified metals also appear on the list. To give some international trade perspective on the performance of these major Mexican companies, the value of exports from the Mexico rose 13.6% from US$396.9 billion in 2014 to $450.9 billion during … [Read more...] about Mexico’s Top 10 Major Export Companies
America’s Top 20 Import States
America’s top 20 import states bought a total US$2.147 trillion or well over four-fifths (85.1%) worth of overall products imported into the United States of America in 2018. That dollar amount reflects a 12.7% increase since 2015 and an 8.1% year-over-year uptick from 2017 to 2018. The five leading import states (California, Texas, Illinois, Michigan, New York) bought … [Read more...] about America’s Top 20 Import States
Canada’s Exported Services
Canada provided US$86.9 billion worth of export services to clients around the globe during 2017. That dollar amount is 1.6% of the global total for services, and represents about one-fifth (20.7%) of the $420.6 billion in exported products Canada shipped over the same timeframe. Canada’s exported services declined in value by -3.9% since 2013 and appreciated 5.7% from 2016 to … [Read more...] about Canada’s Exported Services