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Global Digitally Delivered Services Trade Surges to $4.3 Trillion in 2023
From 2005 to 2023, global trade in digitally delivered services* expanded at a compound annual growth rate (CAGR) of 8.2%, outpacing the...
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Jan 261 min read
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China's Crude Oil Imports Reach 11.1 Mb/D in 2024, Down 1.9% from 2023
China's crude oil imports averaged 11.1 million barrels per day (Mb/D) in 2024, reflecting a modest 1.9% decline from 11.3 Mb/D in 2023....
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Jan 241 min read
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Global Leaders in Manufactured Goods Exports
Global exports of manufactured goods reached $15.55 trillion in 2023, comprising 65% of total world exports. China was the largest...
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Jan 131 min read
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U.S. $1.21 Trillion Non-Fuels Goods Trade Deficit in 2023 vs. EU $0.47 Trillion Surplus and China’s $1.29 Trillion Surplus
In 2023, the U.S. reached a $1.21 trillion non-fuels goods trade deficit, highlighting a persistent and worsening trend since the 1990s....
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Jan 131 min read
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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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Jan 91 min read
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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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Jan 41 min read
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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
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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
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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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Jan 41 min read
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Peru's Blueberry Exports Surged, Outpaced All Global Competitors
Peru’s blueberry exports reached to $1,676 million by 2023, compared to Netherlands by $601 million, Spain by $509 million, Chile by $412...
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Jan 42 min read
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Peru's Blueberry Exports Surge, Capturing Global Market Leadership
Over the past decade, Peru’s blueberry exports have grown at a remarkable annual growth rate (CAGR) of 58%. Exports increased from just...
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Jan 41 min read
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U.S. Global Trade Balance in 2023
In 2023, the U.S. goods trade deficit amounted to $1.153 trillion. The deficit with China reached $300 billion, representing 26% of the...
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Jan 31 min read
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EU and Four Leading Asian Economies' Exports to the U.S. Surpass China in 2023
China's goods exports to the U.S. surpassed the combined exports of the four leading Asian industrial economies (Japan, South Korea,...
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Jan 31 min read
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Top Global Destinations for U.S. Exports in 2023
In 2023, U.S. exports totaled $2,020 billion. Exports to NAFTA partners—Canada ($353 billion) and Mexico ($323 billion)—accounted for...
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Jan 31 min read
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Post-Ukraine War: China's Trade with Russia Far Exceeds Trade with India
From 2001 to 2021, China's annual export growth to India was 19.4%, surpassing the 14.0% growth to Russia. However, from 2021 to 2023,...
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Jul 17, 20241 min read
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The Rise and Plateau of China's Exports
Share of World Exports and Annual Growth Rates (1990–2023) China's share of world exports grew rapidly from 3.9% in 2000 to 13.7% in...
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Jul 4, 20241 min read
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U.S. Exports of Aircraft Engines and Parts Have Outpaced Complete Aircraft Since 2018
U.S. exports of civilian aircraft, engines, and parts saw a dramatic increase from $46.1 billion in 2004 to an all-time high of $130.8...
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Jul 4, 20241 min read
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U.S. Civilian Aircraft Exports Dip Since 2019, Impacting Boeing's Market Value
From 2010 to 2016, U.S. civilian aircraft exports experienced significant growth, doubling from $30 billion to $61 billion. During the...
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Jul 4, 20241 min read
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China's Trade with Middle East, Russia, and Central Asia Surpasses Trade with U.S. and Reaches EU Levels in 2023
China's Trade with the Middle East, Russia, and Central Asia in 2023 In 2023, China's trade with the Middle East, Russia, and Central...
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Jun 27, 20243 min read
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Total U.S. Services Exports in 2023: $1,015 Billion
In 2023, travel ($176 billion), financial services ($175 billion), professional and management consulting services ($146 billion), and...
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Jun 24, 20241 min read
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