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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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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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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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Jan 81 min read
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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
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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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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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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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U.S. Technology Goods Exports, Imports, and Trade Deficit (2000–2023)
From 2000 to 2023, U.S. exports of technology goods increased by 32%, imports grew by 112%, and the trade deficit widened by 326%.
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Jun 12, 20241 min read
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China's Exports to ASEAN Surpass U.S. and EU
China's exports to ASEAN reached $526 billion in 2023, surpassing those to both the United States and the European Union by $502 billion...
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Jun 11, 20241 min read
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China Trade with Russia More than Doubled in Last Three Years
China's trade with Russia surged before the Ukraine conflict. From January 2021 to April 2024, overall trade increased by 127%, with...
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May 22, 20241 min read
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China Exports Shifted After Financial Crisis 2008
China experienced export boom with high annual growth of 27.2% from 2001 to 2008, followed by a transition to slower growth, averaging...
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May 22, 20241 min read
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