The People’s Republic of China imported US$2.559 trillion worth of goods bought from suppliers around the globe in 2023. That dollar amount results from a 23.8% increase from $2.067 trillion five years earlier during 2019. Year over year, the overall cost of China’s imports retreated by -5.8% from $2.716 trillion in 2022. Based on the average exchange rate for 2023, the … [Read more...] about China’s Top 10 Imports
Import News
Top United States Trade Balances
The overall US trade balance for all products totaled -US1.153 trillion in red ink for 2023. That trade deficit results from a -12.2% reduction compared to the -$1.313 trillion deficit for 2022 and a 44.6% expansion from -$797.7 billion of red ink 8 years earlier in 2016. Petroleum gases, refined petroleum oils, soya beans, coal including solid fuels made from coal and corn … [Read more...] about Top United States Trade Balances
Top Cashews Exports & Imports by Country Plus Average Prices
In 2023, exports of cashew nuts generated a total US$6.64 billion in international sales. Worldwide sales of exported cashews flatlined via an overall average -0.1% dip from 5 years earlier in 2019 when cashew exports totaled $6.65 billion. Year over year, overall export revenues from selling the richly and nutty flavored seed rose 6.9% compared to $6.22 billion in … [Read more...] about Top Cashews Exports & Imports by Country Plus Average Prices
China’s Top Trading Partners
The world’s best exporter as measured by overall sales, mainland China shipped US$3.389 trillion worth of products around the globe in 2023. That dollar amount results from a 35.6% increase compared to $2.498 trillion in 2019. Year over year, the overall value of mainland China’s exported fell by -5.7% from $3.594 trillion for 2022. The value of China’s total exports … [Read more...] about China’s Top Trading Partners
Most Valuable US Imports & Exports with Mexico
International buyers in the United States of America imported US$480.1 billion worth of products from Mexico, officially the United Mexican States. The overall value of imports into the United States provided by its southern neighbor rose by an average 4.5% year over year from 2022 when America’s purchases from Mexican suppliers were valued at $459.2 billion. On the other … [Read more...] about Most Valuable US Imports & Exports with Mexico