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Central and South American Exports to China Reach $185 Billion in 2023
Central and South American exports to China surged from $5 billion in 2001 to $185 billion in 2023, growing at an annual growth rate...
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Jan 41 min read
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Global Economic Impact of Services Exports in 2023
Services Exports as a Percentage of Gross Domestic Product (GDP) In 2023, the global ratio of services exports to GDP stood at 7.6%....
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Jan 41 min read
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China's Share of U.S. Trade Deficit Shrinks from 47% to 26% Amid Trade War
From 2018 to 2023, China's share of the U.S. trade deficit dropped from 47% to 26%, while the combined deficit with Japan, South Korea,...
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Jan 41 min read
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Global Economic Impact of Goods Exports in 2023
Goods Exports as a Percentage of Gross Domestic Product (GDP) Â In 2023, the global ratio of goods exports to GDP was 22.7%. Advanced...
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Jan 41 min read
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U.S. Global Trade Balance in 2023
In 2023, the U.S. goods trade deficit amounted to $1.153 trillion. The deficit with China reached $300 billion, representing 26% of the...
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Jan 31 min read
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EU and Four Leading Asian Economies' Exports to the U.S. Surpass China in 2023
China's goods exports to the U.S. surpassed the combined exports of the four leading Asian industrial economies (Japan, South Korea,...
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Jan 31 min read
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Top Global Destinations for U.S. Exports in 2023
In 2023, U.S. exports totaled $2,020 billion. Exports to NAFTA partners—Canada ($353 billion) and Mexico ($323 billion)—accounted for...
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Jan 31 min read
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India Trails Behind Peer Economies in Labor-Intensive Exports
Despite having the world's largest labor force, India's clothing exports reached only $15 billion in 2023. This figure is significantly...
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Jan 31 min read
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Top Suppliers of Crude Oil to China (2023)
China has played a significant role in the global economy and energy market, contributing to 28% of global economic growth and accounting...
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Jul 21, 20243 min read
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Diverging Trade Fortunes: China’s Goods Surplus vs. India’s Deficit
In 2023, China Achieved a Goods Trade Surplus of $832 Billion, While India Experienced a Deficit of $241 Billion.
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Jul 21, 20241 min read
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India's Trade Balance of Goods and Services (1990–2023)
Despite Service Sector Growth, India's Overall Trade Deficit Persists. In 2023, a Services Trade Surplus of $96 Billion Could Not Offset...
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Jul 21, 20241 min read
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Post-Ukraine War: China's Trade with Russia Far Exceeds Trade with India
From 2001 to 2021, China's annual export growth to India was 19.4%, surpassing the 14.0% growth to Russia. However, from 2021 to 2023,...
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Jul 17, 20241 min read
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Global Trade Openness: Slowing in Services vs. Declining in Goods
Global Trade Openness (Trade-to-GDP Ratio) for Goods Declined from Its Peak of 51% in 2008 to 46% in 2023, While Services Fluctuated...
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Jul 13, 20241 min read
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China’s Exports to Asia (excluding East Asia) Nearly Match U.S. & EU Combined in 2023
China’s exports to Asia (excluding East Asia) grew at a CAGR of 16.7% from 2001 to 2023, reaching $970 billion, nearly matching the...
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Jul 4, 20241 min read
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The Rise and Plateau of China's Exports
Share of World Exports and Annual Growth Rates (1990–2023) China's share of world exports grew rapidly from 3.9% in 2000 to 13.7% in...
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Jul 4, 20241 min read
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U.S. Civilian Aircraft Exports Dip Since 2019, Impacting Boeing's Market Value
From 2010 to 2016, U.S. civilian aircraft exports experienced significant growth, doubling from $30 billion to $61 billion. During the...
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Jul 4, 20241 min read
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China and India's Share of World Goods Exports (1990–2023)
China's share of world exports has experienced remarkable growth over the past few decades. In 2000, China's share was a modest 3.9%, but...
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Jun 24, 20241 min read
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Russia's Trade Pivot: Shifting Focus from West to East
Russia's 2019 trade with the European Union and the United States was 149% higher than China. By 2023, it fell below 60% due to sanctions...
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Jun 24, 20241 min read
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