What was the trade deficit in 2012?

What was the trade deficit in 2012?

According to RBI data, India’s balance of trade remains tipped in favour of its international trading partners, with imports outstripping exports by almost Rs 8.3 lakh crore during the April-December, 2012. In the previous year, the full-year trade deficit amounted to a little less than Rs 8.9 lakh crore.

What was the trade deficit in 2013?

The Nation’s international trade deficit in goods and services decreased to $471.5 billion in 2013 from $534.7 billion in 2012. Exports increased $61.7 billion to $2.3 trillion in 2013.

What was the US trade deficit in 2011?

$558 billion

The U.S. Census Bureau reported today that the U.S. trade deficit in goods and services increased from $500 billion in 2010 to $558 billion in 2011, an increase of $58 billion (11.6 percent).

What is the trade deficit of China?

In the financial year 2021-22(FY22), the trade deficit was recorded at $72.9 billion, up nearly $29 billion from FY21’s figure of $44 billion. In 2020-21, the trade deficit was recorded at $48.6 billion.

In which year was the trade deficit the lowest?

∴By analyzing the table we can say that Trade Deficitis lowest for the year 1993-94 and for years 1991-92, i.e. 2 billion dollars.

What is part of India year 2013 in world export?

India exported goods worth $312 billion in 2013 posting a 5 per cent rise over the previous year. Its share in world exports was 1.7 per cent — the same as the previous year.

Why is the US trade deficit so high?

The slowdown in demand during the pandemic for services, usually a strength for the American economy, also pushed up the trade deficit, as foreigners drastically reduced their spending on tourism and education in the United States.

What is U.S. trade deficit?

U.S. International Trade in Goods and Services Deficit. Deficit: $70.6 Billion.

How Much Does China owe the US?

Get ready for this statistic – China owns 981 billion dollars in U.S debt. That means we owe China nearly a trillion dollars!

WHO’s China’s biggest trade partner?

China’s Top Trading Partners

• United States: US$521 billion (17.2% of China’s total exports)
• Hong Kong: $313.1 billion (10.3%)
• Japan: $151.3 billion (5%)
• South Korea: $135.1 billion (4.5%)
• Vietnam: $125.8 billion (4.2%)
• Germany: $103 billion (3.4%)
• Netherlands: $91.6 billion (3%)
• India: $87.9 billion (2.9%)

Who is China’s biggest trade partner?

Which country has the highest trade deficit?

The United States
The United States has the largest trade deficit in the world. In 2018, the trade deficit of this nation was $621 billion. While the country brought in over $3 trillion in imports, the amount of exports was just $2.5 trillion.

Which country occupied first position in India’s imports in 2012 13?

Country-wise, China continued to be the largest source of imports with a share of 11.8 per cent in total imports, followed by the UAE, Switzerland, Saudi Arabia and the US. These five countries together constituted around 37 per cent of India’s imports.

Who is India’s biggest trade partner?

the US
India’s Ministry of Commerce and Industry latest data shows that the US has become India’s largest trading partner, exceeding China with bilateral trade reaching USD 119.42 billion.

What would happen if the US stopped trading with China?

If the U.S. is forced to sell half of its direct investments in China, that would cost American investors $25 billion a year in capital gains and up to $500 billion in GDP losses, the report said. U.S. businesses risk losing global competitiveness if sweeping policies force separation from China, the report said.

How much is US trade deficit with China?

If only trade in goods is considered, the imbalance is a deficit of $419 billion with U.S. exporting $120 billion in goods and importing $539 billion of goods. Reasons for the imbalance are disputed.

How much is the US trade deficit with China?

$310.3 billion
Trade Balance
The U.S. goods trade deficit with China was $310.3 billion in 2020, a 9.9 percent decrease ($34.0 billion) over 2019. The United States has a services trade surplus of an estimated $24.8 billion with China in 2020, down 37.3 percent from 2019.

Which country has the largest trade deficit in the world?

The United States has the largest trade deficit in the world.

What if China sold all U.S. debt?

First, total US debt is roughly $30 trillion. If China sold all its debt, it is only 3.6% of all outstanding US debt. A shock to the system maybe, on the day it happens, but just a temporary shock, not a death blow. Second, consider what’s happened to our budget deficit the last couple of years.

Who owes China the most money?

At the end of 2020, of the 97 countries for which data was available, those with the highest external debt to China were all involved in the project, namely Pakistan ($77.3 billion of external debt to China), Angola (36.3 billion), Ethiopia (7.9 billion), Kenya (7.4 billion) and Sri Lanka (6.8 billion).

Does China rely on the US?

U.S. foreign direct investment (FDI) in China (stock) was $123.9 billion in 2020, a 9.4 percent increase from 2019. U.S. direct investment in China is led by manufacturing, wholesale trade, and finance and insurance. China’s FDI in the United States (stock) was $38.0 billion in 2020, down 4.2 percent from 2019.

Who is Russia’s biggest trading partner?

Russia’s Top Trading Partners

• China: US$68 billion (13.8% of Russia’s total exports)
• Netherlands: $42.2 billion (8.6%)
• Germany: $29.6 billion (6%)
• Turkey: $26.5 billion (5.4%)
• Belarus: $22.8 billion (4.6%)
• United Kingdom: $22.3 billion (4.5%)
• Italy: $19.3 billion (3.9%)
• Kazakhstan: $18.5 billion (3.8%)

What does India buy from USA?

Which country does India import the most?

China
Import partners

Who is the US biggest trading partner?

Canada
Who Does the U.S. Trade Most With?