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China's Top Crude Oil Suppliers: A Two-Decade Transformation (2000–2024)
China's crude oil imports have grown at a compound annual growth rate (CAGR) of 9.0%, surging from 1.4 million barrels per day (bpd) in...
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Feb 41 min read
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Diverging Trade Balances: U.S. Deficit Hits $1.2 Trillion as China’s Surplus Climbs to $1.0 Trillion
In 2024, the U.S. trade deficit widened to $1.2 trillion, marking a 13.3% increase from the previous year, while China’s trade surplus...
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Feb 21 min read
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China's Export Reliance: A Return to Early 2000s Levels
China's exports-to-GDP ratio declined from a peak of 35% in 2006 to 17% in 2019–2020, before stabilizing at approximately 19% in...
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Feb 21 min read
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U.S. Trade Deficit: Shift from China to the Rest of the World
The U.S.-China trade war has had a lasting impact on the U.S. trade deficit, redirecting a significant portion of it from China to other...
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Feb 21 min read
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U.S. Broad Money Supply Stagnates While China Expands (2021–2024)
From December 2021 to December 2024, the U.S. M2 money supply experienced near-zero growth, while China’s M2 expanded by 15.1%. Over the...
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Feb 21 min read
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U.S. M2 Money Supply Reaches $21.63 Trillion in December 2024
The U.S. M2 money supply increased by 3.9% year-over-year and 0.87% month-over-month in December 2024, reflecting continued monetary...
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Feb 21 min read
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China's Crude Oil Import Sources in 2024
China's crude oil imports have surged from 1.4 million barrels per day (bpd) in 2000 to an unprecedented 11.1 million bpd in 2024,...
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Feb 21 min read
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China’s Trade-to-GDP Ratio Reverts to Pre-21st Century Levels
From a peak of 64% in 2006, China's trade-to-GDP ratio declined to an average of 33% between 2016 and 2024. This reduction brings the...
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Feb 21 min read
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Russia Becomes China's Top Crude Oil Supplier in 2024 with 2.19 Mb/D, Surpassing Saudi Arabia's 1.55 Mb/D
Russia, Saudi Arabia, Malaysia, and Iraq supplied 57.5% of China’s crude oil imports in 2024. In 2024, Russia exported 2.19 million...
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Jan 271 min read
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China's Global Trade Surplus Soars, but U.S. Growth Lags
Since the onset of U.S.-China trade tensions in 2018, China's overall trade surplus surged by 176%, climbing from $359 billion to $992...
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Jan 271 min read
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China's Crude Oil Imports Reach 11.1 Mb/D in 2024, Down 1.9% from 2023
China's crude oil imports averaged 11.1 million barrels per day (Mb/D) in 2024, reflecting a modest 1.9% decline from 11.3 Mb/D in 2023....
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Jan 241 min read
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China's Export Reliance on the U.S. Falls Sharply, Mirroring U.S. Import Shift Away from China
The U.S. share of China’s exports rose from 14% in 1985 to a peak of 42% in 1999 but has steadily declined since 2000. By 2016–2018, it...
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Jan 221 min read
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The Rise of South-South Trade: Expanding Economic Ties Between Emerging Market and Developing Economies
Trade among Emerging Market and Developing Economies (EMDEs) expanded eightfold (10% CAGR), from $1.7 trillion in 2001 to $14.0 trillion...
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Jan 201 min read
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China and EMDE GDP Growth Gap Narrows to Near Parity in the 2020s
In the 2000s, China's annual GDP growth averaged 10.3%, surpassing the 5.8% growth of Emerging Market and Developing Economies (EMDEs) by...
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Jan 181 min read
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U.S. $873 Billion Goods and Services Trade Deficit in 2023 vs. EU $216 Billion Surplus and China's $652 Billion Surplus
·     U.S. Trade Deficit: The U.S. goods and services trade deficit reached $873 Billion in 2023, reflecting a long-standing trend of...
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Jan 182 min read
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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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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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