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U.S. and EU Drive 61% of China’s Trade Surplus in 2024 Despite Modest 24%
In 2024, China's trade surplus was heavily driven by the U.S. and EU, which accounted for 61.3% of the total surplus. Despite their...
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Jan 211 min read
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U.S. Trade Balance November 2024 (TTM): $879B Total Deficit, with $292B Services Surplus and $1,171B Goods Deficit
The U.S. recorded a total trade deficit of $879 billion in the 12 months ending November 2024 (TTM). This figure comprises a $292 billion...
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Jan 81 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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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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Jan 41 min read
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U.S. Current-Account Deficit Hits Record $311 Billion in Q3 2024, but Share of GDP Remains Modest
The U.S. current-account deficit, which reflects the combined balances of trade in goods and services and income flows between U.S....
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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.-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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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
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