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Jan 41 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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Admin
Jan 41 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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Admin
Jan 41 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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Admin
Jan 41 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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Jan 41 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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Admin
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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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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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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Admin
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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Admin
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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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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