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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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U.S.-Canada Trade Fuels U.S. Manufacturing and Jobs Despite Overall Deficit
Manufactured Goods Trade Surplus with Canada vs. Deficits in Fuels and Crude Materials  In the trailing twelve months (TTM) ending Q3...
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Jan 41 min read
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U.S. State Exports Dependency
Exports as a Percentage of State GDP in 2023
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Jan 41 min read
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Mexico’s Growing Trade Dependence on the U.S. vs. Minimal U.S. Reliance on Mexico
Mexico's trade with the U.S. as a share of its GDP grew significantly, from 15.4% in 1993 to 28.5% in 1995, following the establishment...
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Jan 41 min read
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U.S. Semiconductor Production Surges While Total Manufacturing Stalls
In the first 11 months of 2024, the U.S. semiconductor production index rose by 7.1% compared to the same period in 2023, while the total...
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Jan 41 min read
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U.S. State Import Dependency
Imports as a Percentage of State GDP in 2023
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Jan 41 min read
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U.S.-Mexico Goods Trade in Sept. 2024 (TTM): $333B Exports, $498B Imports, $165B Deficit
In the 12 months ending September 2024 (TTM), U.S. goods exports to Mexico totaled $333 billion, while imports from Mexico reached $498...
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Jan 41 min read
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📈 U.S. $1.22 Trillion Manufactured Goods Trade Deficit in 2023 vs. EU $0.44 Trillion Surplus and China’s $1.81 Trillion Surplus
In 2023, the U.S. recorded a $1.22 trillion manufactured goods trade deficit, underscoring a persistent and worsening trend since the...
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Jan 41 min read
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Global Trade Balance Dynamics: Diverging Trends between the U.S. and EU
U.S. Trade Balance: 
The U.S. has experienced a persistent and widening trade deficit throughout the period. Key milestones include the...
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Jan 41 min read
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U.S. $57 Billion Fuels Trade Surplus in 2023 vs. EU $455 Billion Deficit and China's $435 Deficit
The following key trends are highlighted: United States: Historically had a fuels trade deficit, which began improving significantly...
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Jan 41 min read
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U.S. $1.15 Trillion Trade Deficit vs. EU $40 Billion Trade Surplus and China $823 Billion Trade Surplus in 2023
·     U.S. Trade Deficit: The U.S. trade deficit reached a historic $1.15 trillion in 2023, reflecting a long-standing trend of...
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Jan 42 min read
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Crude Oil Imports Propel U.S. Trade Deficit with Canada
The U.S. goods trade deficit with Canada reached $75 billion in the 12 months ending September 2024, while the combined goods and...
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Jan 41 min read
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The Rise and Fall of U.S. Trade Liberalism with China
The U.S. trade deficit with China as a percentage of GDP Rise from 1980s, matured in the mid-2010s to 2018, and declined since 2018. Key...
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Jan 41 min read
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Fuels and Crude Materials Account for Nearly Half of U.S. Imports from Canada
In the 12 months ending September 2024, U.S. imports from Canada reached $425 billion. Fuels and related materials led the imports at...
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Jan 41 min read
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Machinery, Transport Equipment, and Manufactured Goods Make Up 75% of U.S. Exports to Canada
In the 12 months ending September 2024, U.S. exports to Canada totaled $350 billion. Machinery and transport equipment dominated at $149...
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Jan 41 min read
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European Union Exports to the U.S.: Key Product Categories
Pharmaceuticals, Machinery, and Automotive Comprise Half of EU Exports to the U.S. In the 12 months ending September 2024, European Union...
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Jan 41 min read
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U.S. Related-Party Trade Accounts for Over Half of Canada's Goods Exports to the U.S.
U.S. Census data shows that U.S. related-party trade* constituted 53% ($215 billion) of Canada's goods exports to the U.S. in 2023,...
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Jan 41 min read
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U.S.-Canada Goods and Services Trade (TTM, Sept. 2024):$441 Billion Exports, $479 Billion Imports, $38 Billion Deficit
In the 12 months ending September 2024 (TTM), U.S. goods and services exports to Canada totaled $441 billion, while imports from Canada...
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Jan 41 min read
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Trade War and Higher Tariffs Led to Higher Trade Deficit for the U.S.
During the Obama administration, the U.S. goods trade deficit grew at a modest compound annual growth rate (CAGR) of 0.7%. Despite the...
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Jan 41 min read
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Trends in the U.S. Goods Trade Deficit from 1992 to Q3 2024
The U.S. goods trade deficit has undergone significant changes over the past three decades, shaped by global economic shifts, trade...
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Jan 41 min read
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