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U.S. Share of World Imports Reaches 13.1% in 2023 vs. EU at 11.2% and China at 10.5%
The U.S. share of global goods imports reached 13.1% in 2023, exceeding the European Union at 11.2% and China at 10.5%. Between 2000 and...
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Jan 181 min read
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China's Trade Soars to $6.2 Trillion in 2024: $3.6 Trillion in Exports, $2.6 Trillion in Imports, and $1 Trillion Surplus
Between 2019 and 2024, China's exports surged by 43%, rising from $2.5 trillion to $3.6 trillion. Imports increased by 25%, growing from...
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Jan 181 min read
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China's Share of World Exports Reaches 14.2% in 2023 vs. EU at 11.6% and U.S. at 8.5%
China's share of global goods exports climbed to 14.2% in 2023, significantly surpassing the European Union at 11.6% and the United...
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Jan 181 min read
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Manufactures Unit Value Index: Six Decades of Global Economic Shifts (1960–2024)
The "Manufactures Unit Value Index" (MUV) tracks the unit value of manufactured goods exported by fifteen major countries from 1960 to...
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Jan 181 min read
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Diverging Trade Dynamics: U.S. Deficit vs. China Surplus
In the 12 months ending November 2024, the U.S. trade deficit reached $1.17 trillion, while China recorded a $0.96 trillion trade...
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Jan 141 min read
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China's Share of World Trade Reaches 12.3% in 2023 vs. EU at 11.4% and U.S. at 10.8%
China's share of global goods trade rose to 12.3% in 2023, surpassing the European Union at 11.4% and the United States at 10.8%. From...
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Jan 141 min read
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Global Leaders in Manufactured Goods Exports
Global exports of manufactured goods reached $15.55 trillion in 2023, comprising 65% of total world exports. China was the largest...
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Jan 131 min read
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U.S. $1.21 Trillion Non-Fuels Goods Trade Deficit in 2023 vs. EU $0.47 Trillion Surplus and China’s $1.29 Trillion Surplus
In 2023, the U.S. reached a $1.21 trillion non-fuels goods trade deficit, highlighting a persistent and worsening trend since the 1990s....
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Jan 131 min read
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China's Trade Dependence on the U.S. Declines Sharply, Outpacing the U.S. Shift Away from China
The U.S. share of China’s trade (exports + imports) increased from 11% in 1985 to a peak of 26% in 1998 and 1999. Since 2000, this share...
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Jan 91 min read
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Raw Materials and Commodities Dominate Africa’s Exports
Africa’s exports remain heavily reliant on raw materials and commodities. In 2023, out of $700 billion in total exports, 80% came from...
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Jan 91 min read
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Global Trade Dynamics by Continent (1970–2023)
In the 1960s and 1970s, Europe accounted for 50% of global trade, followed by the Americas at 23% and Asia at 17%. Asia's share of global...
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Jan 81 min read
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U.S. Trade Deficit Shifts: 28% Decline with China but 96% Surge with Rest of World
The U.S.-China trade war significantly reshaped the U.S. trade deficit, shifting much of it from China to other countries. From the first...
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Jan 71 min read
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China Leads Global Goods Exports: $3.4 Trillion in 2023 vs. EU's $2.8 Trillion and U.S.'s $2.0 Trillion
From 2000 to 2023, China's goods exports soared from $0.25 trillion to $3.38 trillion, marking an exceptional compound annual growth rate...
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Jan 61 min read
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Evolution of Africa’s Export Composition (2001–2023)
Africa’s exports reached $700 billion in 2023, with fuels, minerals, and metals forming the backbone of the continent's trade, totaling...
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Jan 41 min read
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U.S. Tops Global Goods Imports: $3.2 Trillion in 2023 vs. EU's $2.7 Trillion and China's $2.6 Trillion
From 2000 to 2023, U.S. goods imports increased from $1.26 trillion to $3.17 trillion, achieving a compound annual growth rate (CAGR) of...
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Jan 41 min read
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Global Goods Trade Leaders in 2023: China at $5.9 Trillion, EU at $5.5 Trillion, U.S. at $5.2 Trillion
From 2000 to 2023, China's total goods trade (exports + imports) surged from $0.47 trillion to $5.94 trillion, achieving an impressive...
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Jan 41 min read
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China’s $171 Billion Services Trade Deficit in 2023 vs. U.S. and EU Surpluses of $278 Billion and $177 Billion
- U.S. Services Trade (2023): $1,027 billion in exports, $748 billion in imports, and a $278 billion trade surplus. The surplus was...
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Jan 41 min read
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China’s $1.8 Trillion Manufactured Goods Surplus vs. India’s $57 Billion Deficit: Diverging Trade Paths in the 21st Century
China's manufactured goods trade surplus skyrocketed from $56 billion in 2002 to $1.8 trillion in 2023, growing at an impressive annual...
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Jan 41 min read
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Global Leaders in Iron and Steel Exports
In 2023, global iron and steel exports totaled $541 billion, growing at a compound annual growth rate (CAGR) of 6.0% from 2000 to 2023,...
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Jan 41 min read
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Global Leaders in Food Exports
In 2023, global food exports exceeded $2 trillion, growing at a compound annual growth rate (CAGR) of 7.0% from 2000 to 2023, outpacing...
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Jan 41 min read
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