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
Trade balances
Report Card for Trade Surpluses and Deficits by Country
According to latest International Trade Centre statistics, 165 among the world’s nearly 230 countries, islands, territories or other geographic entities recorded an overall trade deficit for 2023. Those 165 countries showcased in this article incurred international deficits due to their export sales revenues coming in below outflowing payments for imported products. On a more … [Read more...] about Report Card for Trade Surpluses and Deficits by Country
Top Nickel Importers by Country Plus Average Prices
International purchases of imported nickel totaled US$5.2 billion in 2023. The overall value of nickel imports for all importing countries expanded by an average 4.8% compared to 5 years earlier in 2019 when nickel purchases were valued at $4.96 billion. Year over year, worldwide spending on imported nickel fell by -15.5% starting from $6.15 billion for 2022. Shiny and … [Read more...] about Top Nickel Importers by Country Plus Average Prices
Mexico’s Top Trade Balances by Products & Countries
After all exported and imported products are included in the calculation, Mexico incurred an overall -US$5.5 billion trade deficit in 2023. That dollar amount in red ink represents a reversal from the $5.4 billion trade surplus 5 years earlier in 2019. Year over year, Mexico's recent -$5.5 billion trade deficit for 2023 represents a -79.6% shrinkage from -$26.9 billion in red … [Read more...] about Mexico’s Top Trade Balances by Products & Countries
United Kingdom vs European Union Scorecard
The European Union’s collective economy is about 6 times bigger than the Gross Domestic Product on a Purchasing Power Parity basis for the United Kingdom. Cobbled together the EU’s overall population is roughly 5 times the UK’s head count. Nevertheless, the United Kingdom has made significant progress in improving its trade performance versus the 27 remaining EU countries … [Read more...] about United Kingdom vs European Union Scorecard