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Jan 41 min read
Surging Fuel Imports Drive EU Imports from the U.S.
Following Russia's invasion of Ukraine, European sanctions on Russian energy commodities significantly increased EU imports of fuels and...
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Admin
Jan 41 min read
Malaysia Surpasses Saudi Arabia as China’s Second-Largest Crude Oil Supplier
In October 2024, China imported 1.78 million barrels per day (Mb/d) of crude oil from Malaysia, making it the second-largest supplier...
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Jan 41 min read
EU Trade Surplus with the U.S. vs. Trade Deficit with China
From the third quarter 2022 to August 2024, European Union's goods trade surplus with the U.S. increased by 23% from €150 billion (TTM)...
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Jan 41 min read
EU Exports to U.S. Surge Post-Ukraine War, While Exports to China and Russia Decline
From 2021 to August 2024, EU exports to the U.S. rose by 31.1%, contrasting with a 19.2% decrease in exports to China and Russia...
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Jan 41 min read
U.S. Becomes Leading EU Trade Partner, Surpassing China and Russia
The U.S. share of total EU trade rose from 14.7% in 2021 to 17.3% by August 2024 (TTM). In contrast, China’s share declined from 16.2% to...
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Jan 41 min read
The Rise and Evolution of Global Trade Openness (1960–2023)
1970s: Trade openness began increasing following the early 1970s collapse of the Bretton Woods system, which ended fixed exchange rates....
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Jan 41 min read
U.S. and China: Economic Interdependence through Trade
Trade between the U.S. and China has declined relative to each country's GDP. U.S. trade with China fell from 3.2% of GDP in 2018 to 2.2%...
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Jan 41 min read
Semiconductors Surpass Oil in Importance for China’s Imports
Generally, China’s Imports of Integrated Circuits and Semiconductors Exceed Those of Crude Oil. In 2023, Imports of Integrated Circuits...
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Jan 41 min read
Potential "Connector" CIS Countries Between the EU and Russia
EU Exports to "Connector" CIS Countries Double Within 15 Months After Russia's Invasion of Ukraine The Russian invasion of Ukraine on...
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Admin
Jan 41 min read
EU Trade Surplus with the U.S. vs. Growing Deficit with China
In 2023, the European Union's goods trade balance with the U.S. stood at +$126 billion, while its deficit with China reached -$387...
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Jan 41 min read
U.S. and China Compete for EU Trade Leadership Since 2010
In 2023, the European Union's goods trade with the U.S. reached $942 billion, 10% higher than its trade with China at $855 billion. After...
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Jan 41 min read
China Becomes Central and South America's Largest Trading Partner Since 2020
China's share of Central and South American trade reached 22% in 2023, compare to the U.S. at 19% and the EU at 13%.
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Jan 41 min read
Semiconductors Rival Crude Oil in Global Trade
In 2023, Global Trade (Exports + Imports) in Integrated Circuits and Semiconductors Reached $2.5 Trillion, Closing in on the $2.7...
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Jan 41 min read
Global Economic Impact of Exports in 2023
Goods and Services Exports as a Percentage of Gross Domestic Product (GDP) In 2023, the global ratio of goods and services exports to GDP...
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Jan 41 min read
Global Trade Dependence on Services Exports in 2023
Services Exports as a Percentage of Total Exports (Goods + Services) In 2023, services accounted for 25% of global exports. Advanced...
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Jan 41 min read
Greater China: The OPEC of Silicon Chips
Over the past two decades, Greater China (comprising China, Hong Kong, and Taiwan) has seen remarkable growth in the integrated circuits...
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Jan 41 min read
Central and South American Trade with China Reaches $351 Billion in 2023
Central and South American trade with China surged from $11 billion in 2001 to $351 billion in 2023, achieving a 17% annual growth rate...
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Jan 41 min read
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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