TechCrunch – 2 hours ago What does the latest data tell us about what’s driving the trade flow in the US and elsewhere?
That the US is a major exporter of goods and services, and that the trade deficit has grown steadily over the past two decades.
In addition, the latest figures from the Bureau of Economic Analysis indicate that the US trade deficit with China is now about $1.5 trillion, and it’s expected to rise significantly in coming years.
The data on US trade flows comes from the Commerce Department’s International Trade Commission (ITC) and show that trade has been fairly steady in the past year or two.
The data shows that China has been the main driver of US trade, and its economy is now in a recession.
On the other hand, the trade gap with India has grown rapidly in the last two decades, with the trade balance widening to $5.5 billion from $2.5 billions in 2007.
India also accounts for a significant amount of US exports, with about a third of the total.
There are two main reasons for this: First, it’s because of the fact that India is a net importer of US goods and technology, which is why its trade deficit is much larger than its trade surplus with the US.
India has also become a major importer in recent years of other goods and equipment, which means that it’s also getting more bang for its buck in terms of export revenue.
Second, India has been making rapid gains in the global economy, and the Indian economy is expected to grow by more than 7 percent in 2017.
That’s partly because of strong growth in the services sector, which has been growing rapidly.
India’s economy is predicted to grow 7.9 percent in the next three years, and about 20 percent in 2018.
If this growth rate continues, India’s trade deficit will be about $6.2 trillion by 2021, or about 15 percent of the US’s trade balance.
Overall, China’s trade has grown about 2 percent a year over the last three decades, but the growth rate has slowed to 2.9 to 3 percent in recent times.
The reason for that is because China is building up its domestic industry, which uses more energy, and because it’s increasing its exports to developing countries in order to boost its trade competitiveness.
China’s exports to countries like India have grown rapidly, and India has made significant gains in its trade with China.
As a result, India is now exporting more than $2 trillion worth of US products to China every year, while the US imports about $500 billion worth of goods from China every day.
This is the reason why China has become the main trading partner for India.
India’s growth rate is expected go up to 7.6 percent in 2021 and 2020, and by 2026, the country’s growth is expected reach 9 percent.
India is projected to have the biggest trade deficit in the world with China by 2025, at $5 trillion.