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global trade
Business / 19 weeks ago
China dominates global trade surplus rankings with $103 billion
China recorded a monthly trade surplus of $103.22 billion in May 2025, according to data supported by market figures from Trading Economics. This figure not only cements China’s dominant position in global exports but also highlights growing disparities in international trade balances.
Business / 20 weeks ago
U.S. trade landscape in 2025: Mexico, China, and Canada lead as top trade partners
The United States recorded a total trade volume of $2.61 trillion in the first quarter of 2025. This total comprises $1.89 trillion in imports and $729.1 billion in exports, marking a 6% growth in imports and a 2% rise in exports compared to the same period in 2024. Mexico has officially surpassed the United States as its largest import partner, accounting for 15.2% of total imports, which translates to $509.98 billion. This milestone highlights the deepening of regional trade ties under the USMCA and Mexico’s increasing dominance in automotive and electronics manufacturing despite tariffs instituted by the Trump administration.
Business / 25 weeks ago
Why China dominates global manufacturing
China continues to assert its dominance as the world’s manufacturing powerhouse, accounting for 29% of the global manufacturing value, according to the latest data from the United Nations. This figure places China significantly ahead of the United States (17%), Japan (5%), and Germany (5%). In 2023, China’s manufacturing output soared to $4.8 trillion, accounting for 27% of the country’s GDP—a testament to its vast industrial capacity and deep supply chain integration.
Environment / 30 weeks ago
Here are the world's most resource-rich countries
Despite geopolitical tensions and environmental concerns, some nations continue to leverage their natural wealth to fuel development and global trade. As usual, some countries stand out for their share and possession of these natural resources. According to Investopedia, Russia is the world's most resource-rich nation as it boasts an estimated $75 trillion in natural resources.
Environment / 32 weeks ago
World’s most important canals that power global shipping
Canals have long been pivotal in enhancing global trade by providing direct waterways that connect seas and oceans, thereby reducing maritime distances and fostering economic interactions. According to Marine Insight, here are eight of the most significant canals that have shaped international navigation:
