Mobile phones and computers continue to be major drivers for China’s highest trade surpluses by product. From a geographic perspective, the United States of America and Hong Kong placed first and second respectively among trade partners at the expense of which the People’s Republic posted its highest positive trade balances. China’s total trade balance for all products … [Read more...] about Top Chinese Trade Balances
Spotlight
Top Canadian Trade Balances
Canada’s total trade surplus for all products equaled US$14.5 billion in 2021, up 19.8% from the $12.1 billion surplus in 2014. Year over year, the most recent $14.5 billion in black ink represents a reversal from the -$14.4 billion deficit that Canada incurred one year earlier during 2020. To put that metric into perspective, the country's total external debt encompassing … [Read more...] about Top Canadian Trade Balances
Major Export Companies: Alcoholic Beverages
Global exports for alcoholic beverages totaled US$96 billion in 2019, up by 17.1% from $81.9 billion during 2015. From 2018 to 2019, the value of exported booze shrank by -0.1%. At 44.4% of the worldwide total, liquor is the largest alcoholic beverages export category. International liquor sales increased in value by 1.2% from 2018 to 2019. In comparison, exports of wine … [Read more...] about Major Export Companies: Alcoholic Beverages
US Versus India Key Product Trade Balances
The United States of America experienced a total -US$25.5 billion trade deficit at the hands of India in 2019. America’s latest yearly negative trade balance with India reflects a 1.1% increase since 2015 and an 11.2% expansion from its -$22.9 billion in red ink during 2018. To give some context to the magnitude of America’s product deficit from exchanging exported and … [Read more...] about US Versus India Key Product Trade Balances
Australia’s Top 10 Major Export Companies
Three of Australia’s biggest firms are banks that support financing for international trade transactions. In addition, two of Australia’s 10 largest exports-related companies operate in the oil and gas industry. To give some global trade perspective on recent company performance, the overall value of Australian exported goods rose by 42.5% from US$191.3 billion in 2015 to … [Read more...] about Australia’s Top 10 Major Export Companies