The U.S. automotive industry exports the most: $126.7 billion in 2021, of which 70% was accounted for by Canada and Mexico. Regarding U.S. trade, the following are additional noteworthy data on North American automotive trade patterns. Automotive trade (vehicle/parts imports + exports) is the largest component of North
In 2021, U.S. motor vehicle production of cars and light trucks exceeded 13.1 million units, reaching 69% of total North American production. This is the highest percentage of North American production in a decade, noted the American Automotive Policy Council (AAPC). Thus, according to the AAPC, it is
The strength of China‘s international trade has partly offset the weakness of domestic demand, according to the Asian Development Bank (ADB). Chinese merchandise exports in the first five months of this year increased by 13.3 percent and imports by 7.5 percent. In particular, exports to the United States,
The Organization for Economic Co-operation and Development (OECD) released a report in which it estimates Russia‘s production of aluminum, nickel and palladium. For starters, this Asian nation accounts for 5.5% of world aluminum production and a similar share of world aluminum exports, making it the world’s third largest
Soybean production is extremely concentrated in the world, with approximately 80% generated in the United States, Brazil and Argentina. Harvesting takes place in the fall, which means that there are two main harvests per year: one in the northern hemisphere and one in the southern hemisphere. In particular,
Demand for nitrogen for industrial use is led by mining activity in North America, noted CF Industries Holdings. CF Industries projects U.S. corn plantings will be below its expectations of 91-93 million acres in early 2022, due to poor weather in parts of the country during the spring