According to recent statistics by the Bureau of Economic Analysis (BEA), the US imported US$850.4 billion worth of goods in the second quarter of 2022. This makes the US the perfect market to trade with. In 2021, Indonesian exports amounted to US$228.2 billion, based on number...
In macroeconomic terms, the United States’ total exported goods represent 7.5% of its overall Gross Domestic Product ($26.95 trillion valued in Purchasing Power Parity U.S. dollars). That 7.5% for exports to overall GDP in PPP for 2022 compares to 8.2% for 2022. Those percentages suggest a...
US-China economic relationship ‘unbalanced’: USTR.Date: 19-06-2019 Subject: US-China economic relationship ‘unbalanced’: USTR The economic relationship of the US with China has been “unbalanced” and “grossly unfair” to Americans, a top Trump administration official told lawmakers ...
Posting double-digit declines among the top 25 customers for American exports were Switzerland (down -24.4% from 2022), Chile (down -19.7%), Brazil (down -16.4%), India (down -15.2%) then Colombia (down -14.7%). Countries Causing Biggest US Trade Deficits Overall, the United States of ...
In 2022, the US agricultural exports to China reached a total of US$40.9 billion, up 14.5 percent year-on-year according to the USDA. The importance of the Chinese market to US agriculture makes it a pragmatic entry point to improving US-China relations and trade ties. At the opening ...
Within the spirit sector, vodka maintained its as status the top revenue producer at $7.2 billion, though sales were flat in 2022, the group said. In the tequila/mezcal category, sales rose 17.2%, or $886 million, totaling $6 billion, it said. Sales for American whiskey were up 10.5%,...
The figure is above the US Federal Reserve's long-term inflation target of 2 percent. Ding Yifan, a senior fellow at the Taihe Institute, a Beijing-based think tank, said that nearly 60 percent of China's exports to the US are inte...
particularly as Europe looks foralternatives to Russian supplyto alleviate its energy crisis. Michael Yip, an associate in BNEF’s global LNG team, points out that Europe’s share of US LNG exports rose to 69% in the first half of 2022, up from 39% last year. “In absolute terms, tha...
In 2022, China was California's top trade partner with two-way trade amounting to more than $165 billion. Of that, California's exports to China were $18 billion, which makes China the third-largest export market for California...
The top exports from Mexico to the United States are motor vehicles, motor vehicle parts, computer equipment, audio and video equipment, and electrical equipment. What Are the Largest US Exports to Mexico? The largest U.S. exports to Mexico are petroleum and coal products, motor vehicle parts...