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U.S.-EU Export Interdependence: Diverging Trends Since the Global Financial Crisis
The EU’s reliance on exports to the U.S. increased from 1.9% of GDP in 2008 to 3.0% in 2024, while the U.S. reliance on exports to the EU...
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Feb 41 min read
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EU-U.S. Trade (LTM Nov 2024): €529 Billion Exports, €336 Billion Imports, €193 Billion Surplus
In the 12 months ending November 2024, European Union trade with the U.S. totaled €866 billion, comprising €529 billion in exports, €336...
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Feb 41 min read
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U.S. Goods Trade Deficit Hits Record $1.2 Trillion in 2024
In 2024, the U.S. goods trade deficit reached a historic high of $1.20 trillion, surpassing the previous record of $1.18 trillion set in...
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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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Germany's Outsized Share of EU Manufacturing Trade Surplus
In 2023, the European Union's trade surplus in manufactured goods totaled $546 billion, comprising $439 billion from extra-EU trade and...
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Feb 21 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 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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U.S. and EU Drive 61% of China’s Trade Surplus in 2024 Despite Modest 24%
In 2024, China's trade surplus was heavily driven by the U.S. and EU, which accounted for 61.3% of the total surplus. Despite their...
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Jan 211 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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U.S.-Canada Trade Supports U.S. Manufacturing and Jobs Despite Overall Deficit
Surpluses in Manufactured Goods and Services Trade with Canada vs. Deficits in Fuels and Crude Materials  In the trailing twelve months...
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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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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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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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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 Balance November 2024 (TTM): $879B Total Deficit, with $292B Services Surplus and $1,171B Goods Deficit
The U.S. recorded a total trade deficit of $879 billion in the 12 months ending November 2024 (TTM). This figure comprises a $292 billion...
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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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