Question: Which Country Has The Best Trade Balance?

Which country has the best trade?

Year-to-Date Total TradeRankCountryPercent of Total Trade—Total, All Countries100.0%—Total, Top 15 Countries72.5%1Canada16.4%2China14.6%13 more rows•Jul 20, 2020.

What are the top 10 trading countries in the world?

Exports by Country Around the World – Top 10Germany: $1.6 trillion.Japan: $738 billion.Netherlands: $723 billion.South Korea: $605 billion.France: $582 billion.Hong Kong: $569 billion.Italy: $547 billion.United Kingdom: $486 billion.More items…•

Which countries trade with China the most?

China’s Trading Partners – Top Countries Where China Exports the MostUnited States: $481 billion.Hong Kong: $304 billion.Japan: $148 billion.South Korea: $110 billion.Vietnam: $84 billion.

Who is India’s largest trading partner?

In 2018-19, the US first surpassed China to become India’s top trading partner. The bilateral trade between India and China has dipped to USD 81.87 billion in 2019-20 from USD 87.08 billion in 2018-19.

What food does the US get from China?

The U.S. imported $4.6 billion in agricultural products from China in 2017. The top U.S. import commodities from China are fruits and vegetables (fresh/processed), snack food, spices, and tea – the combined which accounts for nearly one-half of the total U.S. agricultural imports from China.

What country has a surplus?

Countries with the biggest surpluses relative to GDP include Tuvalu and Macau, with surpluses greater than one-quarter of their respective GDPs, as well as Qatar, Tonga, and Palau, which each have one or more surplus dollars for every ten GDP dollars.

What is China’s biggest export?

Searchable List of China’s Most Valuable Export ProductsRankChina’s Export Product2019 Value (US$)1Phone system devices including smartphones$224,069,819,0002Computers, optical readers$148,463,426,0003Integrated circuits/microassemblies$102,187,884,0004Processed petroleum oils$38,345,208,0006 more rows•Sep 4, 2020

What is China’s trade balance?

Trade balance of goods in China by month August 2020. In August 2020, the trade surplus in China amounted to approximately 58.9 billion U.S. dollars. A positive value implies a trade surplus, a negative trade balance implies a trade deficit.

What countries have the worst debt?

Top 20 Countries with the Highest Debt to GDP ratioNational Debt of Japan – 234.18% … National Debt of Greece – 181.78% … National Debt of Sudan – 176.02% … National Debt of Venezuela – 172.08% … National Debt of Lebanon – 160.57% … National Debt of Italy – 127.51% … National Debt of Eritrea – 127.34%More items…•

What if we stopped buying from China?

If the rest of the world stopped buying from China today. The world economy would pretty much collapse. … Our supply chains are very entwined with China and it would take massive investment of time, money, talent, and resources to adapt to such a big change.

What is the most imported item from China?

The main goods imported from China include clocks and watches, musical instruments, toys, sports goods, furniture, mattresses, plastics, electrical machinery, electronic equipments, chemicals, iron and steel items, fertilisers, mineral fuel and metals.

What goods does us get from China?

The Top 10 Exports from the U.S. to China (2017)ItemsValue (US$B)% of Total ExportsAeroplanes and other aircraft$13.19.9%Soya beans$12.59.4%Vehicles with only spark-ignition internal combustion reciprocating piston engine$7.96.0%Electronic integrated circuits; Processors and controllers$4.93.7%6 more rows•Dec 5, 2019

What countries have a positive balance of trade?

In 2019, Germany had the largest trade surplus by current account balance with Japan and China coming in second and third. Conversely, the United States had the largest trade deficit, even with the ongoing trade war with China, with the United Kingdom and India coming in second and third.

Who is China’s biggest trading partner?

the United StatesAt $20.49 trillion, the United States boasts the largest economy in the world and is China’s largest trading partner. Last year, the total value of bilateral trade between the two countries was $737.1 billion, with U.S. imports from China valued at $557.9 billion and U.S. exports to China valued at $179.3 billion.

Who is the biggest exporter in the world?

ChinaLeading the list of the world’s largest exporters is China, with a whopping $2.5 trillion of goods sent abroad in 2018. If you add in Hong Kong’s numbers, China holds 15.7% of the global export total — roughly equal to Japan, Netherlands, South Korea, France, and Singapore combined.

Which country has a balanced budget?

Chile’s success largely lies in structurally balanced budgets that prevent the economy from going nuclear in good times, while requiring ongoing sound policy. As a result, the Andean nation outperformed its own surplus expectations in 2012. Brazil has one of the world’s largest budget surpluses.

Why is a surplus bad?

Impact on growth. If the government is forced to increase taxes / cut spending to meet a budget surplus, it could have an adverse effect on the rate of economic growth. If government spending is cut, then it will negatively affect AD and could lead to lower growth. A budget surplus doesn’t have to cause lower growth.

What food do we get from China?

Despite the rapid growth, less than 1 percent of the U.S. food supply comes from China. For a few specific items, like apple juice, garlic, canned mandarin oranges, fish, and shrimp, China is a major supplier.

Which country has the highest trade surplus?

ChinaIn 2019, China was the country with the highest trade surplus with approximately 421.9 billion U.S. dollars. Typically a trade surplus indicates a sign of economic success and a trade deficit indicates an economic weakness.

What country has the largest debt?

United StatesWorld Debt by CountryRankCountryDebt to GDP#1United States104.3%#2Japan237.1%#3China, People’s Republic of50.6%#4Italy132.2%11 more rows•Nov 14, 2019

Does China have a budget surplus?

The list is mainly based on CIA World Factbook for the year 2016 and 2019. The Chinese, Brazilian, Indian, and United States government budgets are the figures reported by the International Monetary Fund….List.CountryChinaExpenditures3,787,245Surplus (or deficit)−474,937Surplus percentage of GDP−4.0%Year2017 est.68 more columns