Russia’s overall trade surplus incorporating all products and countries equaled US$198.2 billion in 2021, down -6.2% from the $105.4-billion surplus for 2014. Year over year, the most recent $198.2 billion in black ink represents an 87.9% increase compared to the $105.5-billion surplus that the Russian Federation earned during 2020. Mobile phones, automobile parts or … [Read more...] about Top Russian Trade Balances
Trade balances
Top UK Trade Balances
The United Kingdom’s overall trade deficit incorporating all products and with all countries equaled -US$231.2 billion in 2021. That dollar amount reflects a 26.2% expansion from the -$183.2 billion deficit in 2014 as the global recession accelerated. Year over year, the -$231.2 billion in red ink for 2021 represents a -3.1% reduction from the -$238.5 billion deficit that … [Read more...] about Top UK Trade Balances
Top Indian Trade Balances
Crude oil, gold, coal and petroleum gases were among the major drivers propelling India’s highest trade deficits by product in 2021. Mainland China, Switzerland and Iraq took the top three spots for trade partners causing India its highest negative balances exchanging exports and imports. India’s overall trade deficit for all products equaled -US$175.6 billion in 2021, up by … [Read more...] about Top Indian Trade Balances
Top Chinese Trade Balances
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
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