Sometimes referred to as Chinese Taipei and officially called the Republic of China, the island of Taiwan is surrounded by major trading partners in the People’s Republic of China to its west, Japan to its east and the Philippines to its south. Taiwan sold US$474.3 billion worth of exported products around the globe in 2024. That dollar amount reflects a 36.8% gain compared to … [Read more...] about Taiwan’s Top Trading Partners
Asia
Top 15 Crude Oil Suppliers to China
The cost of crude oil imported into the People’s Republic of China totaled US$503.4 billion in 2024. That dollar total for mainland China’s spending on crude petroleum oil accelerated by 92.8% compared to $261.2 billion five years earlier for 2020. Year over year, China’s imports of crude oil slipped by -2.1% 2024 versus $514.4 billion in 2023. In contrast, a much lesser … [Read more...] about Top 15 Crude Oil Suppliers to China
South Korea’s Top Trading Partners
Officially named the Republic of Korea, South Korea is strategically located between the world-class importers namely China to its west and another Asian economic powerhouse Japan to South Korea’s east. South Korea exported US$683.7 billion worth of products during 2024, up by 33.3% compared to $512.8 billion for 2020. On an annual basis, the dollar total for 2024 results … [Read more...] about South Korea’s Top Trading Partners
Japan’s Top Trading Partners
The world’s fourth-largest exporter behind China, America and Germany, Japan exported US$707.3 billion worth of products around the world in 2024. That dollar amount results from a -1.7% year-over-year retreat versus $719.8 billion in 2023. From 2020 to 2024, the overall value of Japanese exported goods grew by 10.4% from $641 billion. Known as the Land of the Rising Sun, … [Read more...] about Japan’s Top Trading Partners
China’s Top Trading Partners
The world’s best exporter as measured by overall sales, mainland China shipped US$3.575 trillion worth of products around the globe in 2024. That dollar amount results from a 38.1% increase in revenue compared to $2.588 trillion in 2020. Year over year, the overall value of mainland China’s exported products rose 5.5% from $3.389 trillion for 2023. The value of China’s total … [Read more...] about China’s Top Trading Partners