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Global Goods Trade Leaders in 2023: China at $5.9 Trillion, EU at $5.5 Trillion, U.S. at $5.2 Trillion
From 2000 to 2023, China's total goods trade (exports + imports) surged from $0.47 trillion to $5.94 trillion, achieving an impressive...
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Jan 41 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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U.S. State Exports Dependency
Exports as a Percentage of State GDP in 2023
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China’s $171 Billion Services Trade Deficit in 2023 vs. U.S. and EU Surpluses of $278 Billion and $177 Billion
- U.S. Services Trade (2023): $1,027 billion in exports, $748 billion in imports, and a $278 billion trade surplus. The surplus was...
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Mexico’s Growing Trade Dependence on the U.S. vs. Minimal U.S. Reliance on Mexico
Mexico's trade with the U.S. as a share of its GDP grew significantly, from 15.4% in 1993 to 28.5% in 1995, following the establishment...
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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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Global Leaders in Iron and Steel Exports
In 2023, global iron and steel exports totaled $541 billion, growing at a compound annual growth rate (CAGR) of 6.0% from 2000 to 2023,...
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Global Leaders in Food Exports
In 2023, global food exports exceeded $2 trillion, growing at a compound annual growth rate (CAGR) of 7.0% from 2000 to 2023, outpacing...
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U.S.-Mexico Goods Trade in Sept. 2024 (TTM): $333B Exports, $498B Imports, $165B Deficit
In the 12 months ending September 2024 (TTM), U.S. goods exports to Mexico totaled $333 billion, while imports from Mexico reached $498...
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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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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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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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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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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 41 min read
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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 42 min read
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Crude Oil Imports Propel U.S. Trade Deficit with Canada
The U.S. goods trade deficit with Canada reached $75 billion in the 12 months ending September 2024, while the combined goods and...
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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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Fuels and Crude Materials Account for Nearly Half of U.S. Imports from Canada
In the 12 months ending September 2024, U.S. imports from Canada reached $425 billion. Fuels and related materials led the imports at...
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Jan 41 min read
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Machinery, Transport Equipment, and Manufactured Goods Make Up 75% of U.S. Exports to Canada
In the 12 months ending September 2024, U.S. exports to Canada totaled $350 billion. Machinery and transport equipment dominated at $149...
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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
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