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2 days ago1 min read
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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2 days ago1 min read
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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3 days ago1 min read
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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4 days ago1 min read
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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5 days ago1 min read
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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7 days ago1 min read
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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7 days ago1 min read
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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Admin
7 days ago1 min read
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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7 days ago1 min read
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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7 days ago1 min read
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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7 days ago1 min read
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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7 days ago1 min read
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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7 days ago1 min read
World Trade Enters Era of Historical Low Long-Term Growth
Declining 10-Year Growth in World Merchandise Trade Since 2016 After decades marked by periods of rapid growth and sharp declines, world...
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7 days ago1 min read
📈 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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7 days ago1 min read
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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7 days ago1 min read
Global Leaders in Pharmaceutical Exports
Global pharmaceutical exports surpassed $900 billion in 2023, growing 2.3 times faster than total goods trade between 2000 and 2023, with...
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7 days ago1 min read
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 42 min read
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 41 min read
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
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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