The European Union’s collective economy is about 6 times bigger than the Gross Domestic Product on a Purchasing Power Parity basis for the United Kingdom. Cobbled together the EU’s overall population is roughly 5 times the UK’s head count. Nevertheless, the United Kingdom has made significant progress in improving its trade performance versus the 27 remaining EU countries … [Read more...] about United Kingdom vs European Union Scorecard
Trade balances
Top United States Trade Balances
The overall US trade balance for all products totaled -US1.313 trillion in red ink for 2022. That trade deficit results from an 11.2% increase compared to the -$1.181 trillion deficit for 2021 and a 61.6% expansion from -$812.6 billion of red ink in 2015. Petroleum gases, refined petroleum oils, soya beans, gold, corn and coal drive the highest positive trade balances for the … [Read more...] about Top United States Trade Balances
Mexico’s Top Trade Balances by Products & Countries
After all exported and imported products are included in the calculation, Mexico incurred an overall -US$26.3 billion trade deficit in 2022. That dollar amount in red ink represents a 97.2% expansion compared to the -$13.4 billion deficit five years earlier in 2018. Year over year, Mexico's recent -$26.3 billion trade deficit for 2022 represents a 120% increase from -$12 … [Read more...] about Mexico’s Top Trade Balances by Products & Countries
Top Nickel Importers by Country Plus Average Prices
International purchases of imported nickel totaled US$6.17 billion in 2022. The overall value of nickel imports for all importing countries expanded by an average 51.5% since 2018 when nickel purchases were valued at $4.07 billion. Worldwide spending on imported nickel grew by 4.9% from $5.88 billion for 2021. Shiny and silvery-white in color with a slight golden tinge, … [Read more...] about Top Nickel Importers by Country Plus Average Prices
Report Card for Trade Surpluses and Deficits by Country
According to latest International Trade Centre statistics, 167 among the world’s roughly 230 countries, islands, territories or other geographic entities recorded an overall trade deficits for 2022. Those 167 countries listed in this article incurred international deficits due to their export sales revenues coming in below from outflowing payments for imported products. On a … [Read more...] about Report Card for Trade Surpluses and Deficits by Country