How the war in Ukraine created a new kingdom of king crab

Jun 18, 2024
Demand for alternatives to Russian exports, including seafood, has given this Norwegian fishing village a big economic boost.
King crabs caught in the waters off Bugøynes, Norway, in 2002. More recently, sanctions on Russian seafood products have boosted demand for the village's catch.
Jan-Morten Bjornbakk/AFP via Getty Images

The U.S. exports more petroleum than it imports. So why are we importing at all?

May 13, 2024
It's largely about the chemistry of the oil and the mechanics of the refineries. In many cases, importing foreign crude is cheaper.
An oil pumpjack in Texas. Importing foreign crude oil is often cheaper for the United States.
Brandon Bell/Getty Images

The fallout from a strong dollar

Apr 29, 2024
U.S. exports become more expensive overseas, but imported goods become cheaper here in the U.S.
A stronger dollar makes  imported goods cheaper, meaning American consumers can buy more stuff.
Matt Cardy/Getty Images

Strike shuts down St. Lawrence Seaway, a main commercial artery

Oct 23, 2023
A shutdown will affect farmers exporting products from Canada, mostly to Europe and the Middle East.
The Seaway was built by the U.S. and Canadian governments in the 1950s to connect the upper Midwestern states and prairie provinces to global markets.
Andrej Ivanov/AFP via Getty Images

Israel-Hamas war's human cost is primary, but geopolitical risk to economy persists

Oct 18, 2023
If the conflict widens to include direct confrontation with other nations in the Middle East, the economic shockwaves could be significant.
“The geopolitical pot is just boiling,” said Bernard Baumohl of the Economic Outlook Group. Above, a man walks through debris in Gaza City on Oct. 11.
Mahmud Hams/AFP via Getty Images

The U.S. is no longer world's leading exporter of corn

Aug 31, 2023
Brazil breaks America's near-lock on the top spot for half a century. But corn growers are still doing fine.
Despite losing market share to Brazil, U.S. growers are still selling more corn in absolute terms.
Stefani Reynolds/AFP via Getty Images

Tradle brings Wordle-style game to global exports

Aug 24, 2023
Can you figure out what country exports, say, both crude oil and leather footwear? Gilberto García-Vazquez of Datawheel explains the game.
A screenshot of Thursday's Tradle. Which country is it?
Tradle/Observatory of Economic Complexity

For public good, not for profit.

The dollar's falling back to Earth as other countries raise their own interest rates

Aug 22, 2023
A year ago, U.S. exporters were complaining that the dollar was too strong. Not anymore.
A weaker U.S. dollar could help companies that export, while importers might have to pay more for the products they bring in.
Adem Altan/AFP via Getty Images

U.S. imports rise in April, but share of goods from China decreases

Jun 8, 2023
The share of goods the U.S. imports from China has declined to its lowest level since 2006, as manufacturers and retailers seek to diversify their supply chains.
China continues to be a big player in the EV space with its patents and lithium supply. Above, a lithium battery manufacturing company in China's Anhui province.
STR/AFP via Getty Images

U.S. consumer goods and vehicle exports hit a record in January

Mar 9, 2023
Some of the increase reflects growing economies in other countries. And it's welcome news for U.S. factories, one economist says.
Any increase in exports is welcome news for U.S. factories, said Chad Moutray with the National Association of Manufacturers.
Justin Sullivan/Getty Images