💡U.S. trade is up 2.70% through June 2024, according to the latest data available. The top 5 nations trading with the U.S. account for 49.99% of all U.S. trade. Two of these nation's has increased trade by dollar value over the first six months of the year. Top 5 U.S. Trade Partners #1. Mexico, up 4.74% #2. Canada, down 1.49% #3. China, down 2.32% #4. Germany, down 0.04% #5. Japan, up 3.48% More data: https://lnkd.in/eYDdPkhx #TradeMatters #USTrade #Exports #Imports #Commerce Data-driven storytelling, made simple.
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Canada: Trade Balance Was Back in the Black to Start 2024 Canada’s international merchandise trade balance climbed back into positive territory in January, with a surplus of $0.3 billion after posting a deficit of $0.9 billion in December. Today’s trade data didn’t nudge our growth tracking much. We still expect a real GDP growth (annualized) of around 1.0% to 1.5% in Q1 2024. https://lnkd.in/e5GEDiZ2
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“Customs Administration Expert | Ensuring Regulatory Compliance & Optimizing International Trade Operations”
WTO economists expect global merchandise trade to increase by 2.6% in 2024 and 3.3% in 2025. The 1.0% rise in the first quarter aligns with these forecasts. If the growth rate remains steady throughout the year, the overall trade volume in 2024 will be 2.7% higher than in 2023.
After a flat 2023, world merchandise trade volumes increased in the first quarter of 2024 by 1% according to the WTO's latest trade statistics. #WTOStats More here: https://bit.ly/4bBmnn8
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I’m pleased to share our flagship report, the State of Trade 2024. While 2023 was a challenging year for the Global and Canadian economies, Canada’s international trade posted new records again in 2023. The special feature in this year’s State of Trade takes a look at the evolution of supply chains before, during and after the COVID-19 pandemic. Congratulations to the team! Speacial thanks to Crystal A. for leading the project this year and David Boileau for leading on the special feature. Check out the full report! 📊 📈 👩💼 https://lnkd.in/ee4-2sQf #internationaltrade #Canadiantrade #supplychains #trade
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The U.S. has been pushing to ease reliance on #supplychains that focus on #China - is it working? Readers of ST&R's Trade Report found out this week. To get this daily dose of #trade news in your inbox, subscribe here: https://lnkd.in/gMJt-W3.
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📈 Trade Milestone: Breaking a 20-year trend, the U.S. became a larger importer of goods from Mexico than China in 2023. Unpack the data showcasing this pivotal moment, explore the factors driving the shift, and understand the implications for global supply chains. From tariff impacts to changing trade dynamics, discover the forces shaping the future of international trade: https://lnkd.in/dy3ik6j6 #TradeShift #USMexicoRelations #GlobalTrade 🚢🌐
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In our latest report, BMO Economists discuss the unique strengths of the trade relationship between the U.S. and Canada, and the hurdles that may come in the future. Read the full report: http://spr.ly/6043iWoVP
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International Financing | FDI | International Loan Program | Public Policy | Strategy | Geopolitics | Sustainability. All comments shared are my opinions and do not reflect any organizational position.
How can you analyze the #world 🌎 and see that things are changing? Well this kind of news by Ken Roberts, founder of WorldCity and commentator at Forbes, says a lot. The #globalization was for the last several decades pretty much constant - at least from #American 🇺🇸 perspective, build things where your fix cost are low and regulations are favorable - and thus #China 🇨🇳 became the number 1 foreign direct investment (#fdi) destination. #Mexico 🇲🇽 was always an important partner for North American Free Trade Ageeement (#nafta) where American manufacturers 🏭 that couldn’t relocate abroad needed a affordable and skilled labor with short supply chains. This was the constant - everyone believed it will be going that way - and than President Trump came in and started to dismantle the system as this system no longer serves our national interests. Thus starting now 8 years of #supplychain realignment that transformed to the biggest industrialization in American and North American history. America is focusing on regional supply chains, build within sphere it can directly influence, projecting powers such as #economic, #diplomatic and #military, with Mexico becoming the first one to play the role of American reindustralization. Mexico becoming #1 trade partner was assured, but there are others that will join shortly into larger trade with the United States, with #Colombia 🇨🇴 being next best destination. North America has a good story as Peter Zeihan says.
"With a slight increase in U.S.-Mexico trade this year, it would mark the first time the United States had ever conducted more than $800 billion in two-way trade with one nation." as written by Ken Roberts for Forbes. Full story: https://lnkd.in/eKauQCZ2 “In addition to a new top trade partner, the nation has a new top port, a new leading export and a new leading import.” #TradeMatters #dataanalytics #Commerce #Mexico Data-driven storytelling, made simple.
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Chief Investment Officer & Member of the Executive Committee at Syz Group ¦ 190,000+ followers
The Top 50 Largest Importers in the World by Visual Capitalist In 2022, global imports climbed to $25.6 trillion in value, or about the size of the U.S. GDP. As an engine of growth, global trade broadens consumer choices and can lower the cost of goods. For businesses, it can improve the quality of inputs and strengthen competitiveness. This graphic shows the 50 largest importers, with data from the World Trade Organization.
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According to our #ScottishTechSurvey 2024, the Middle East is the only export market that increased in attractiveness for the compared to last year. All other export markets, including Rest of the UK, were found to be less attractive than in 2023 - read more in the survey report here: https://lnkd.in/ewUHiVw6 #export #markets #international #trade
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