Countries

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

Gold, iron or steel scrap, mobile phones and coal were major factors behind Turkey’s highest trade deficits by product. Germany, Switzerland, Russia and China represent the trade partners with which Turkey incurred the highest negative trade balances. Turkey’s total trade balance for all products equaled a -US$49.9 billion deficit in 2020, down -50% from the -$99.9 billion in … [Read more...] about Top Turkish Trade Balances