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
Trade balances
UK’s Major EU Exports
The United Kingdom exported US$215.4 billion worth of goods to nations that are European Union members during 2019 or 46% of UK’s global exports total of $468.3 billion. The EU subtotal reflects an 2.8% increase in UK-to-EU international sales from 2017 to 2019 but a -5.4% reduction from $227.7 billion in 2018. In comparison, overall UK exports to all trade partners worldwide … [Read more...] about UK’s Major EU Exports
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
China Versus US Key Product Trade Balances
The People’s Republic of China earned a total US$295.3 billion trade surplus at the expense of the United States of America in 2019. China’s latest yearly positive trade balance with America reflects a 13% increase since 2015 but a -8.8% decline from its $323.7 billion in black ink during 2018. To give some context to the magnitude of China’s product surplus from exchanging … [Read more...] about China Versus US Key Product Trade Balances
UK Major Trade Balances with America
The United States of America is the United Kingdom’s second-biggest trade partner trailing only the European Union. UK’s exports to the US totaled US$58.4 billion in 2017, down by -7% over the five-year period starting in 2013. The UK’s imports from America amounted to $60.8 billion, up by 11.6% over the same duration. More concerning was the fact that the UK incurred a -$2.5 … [Read more...] about UK Major Trade Balances with America