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U.S. Related-Party Trade Accounts for Over Half of Canada's Goods Exports to the U.S.
U.S. Census data shows that U.S. related-party trade* constituted 53% ($215 billion) of Canada's goods exports to the U.S. in 2023,...
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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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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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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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Jan 41 min read
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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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Jan 41 min read
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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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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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Global Growth in Services Trade Surpasses Goods Trade Post-2010
From 1980 to 2011, global services trade grew at an annual growth rate (CAGR) of 7.9%, slightly outpacing the 7.3% growth in goods trade....
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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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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. 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
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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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Global Economic Impact of Exports in 2023
Goods and Services Exports as a Percentage of Gross Domestic Product (GDP) In 2023, the global ratio of goods and services exports to GDP...
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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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Central and South American Trade with China Reaches $351 Billion in 2023
Central and South American trade with China surged from $11 billion in 2001 to $351 billion in 2023, achieving a 17% annual growth rate...
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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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