Exports/Imports - All Flashcards
Who are the world’ current leaders (5) in merchandise exporting?
- China
- USA
- Germany
- Japan
- Netherlands
What share of global merchandise exports are attributable to China?
11.2%
What share of global merchandise exports are attributable to USA?
8.4%
In 2013, what was the value of international US exports of goods and services?
$2.27 trillion
What was the total value of the US trade balance in 2013?
- $471. 53 billion
At the depths of the great recession in 2009, what was the annual percentage change in exports from the previous year (2008)?
Exports dropped around 9% in 2009 from the year before.
In 2013, what was the percentage change in exports from the prior year?
Exports grew approx. 3% in 2013.
Total US volume of exports of trade goods and services in Q1 and Q2 of 2014?
1Q14: $574.187 billion
2Q14: $586.256 billion
What percentage of GDP is attributable to exports of goods and services as of 2Q14?
Exports make up 13.5% of GDP
Name the three principal US exported goods by commodity group.
- Manufactures
- Fuels and mining products
- Agricultural products
What proportion of overall export goods are manufactured goods?
71.3%
Name the three principal service items exported from the United States?
- “other commercial services”
- Travel
- Transportation
Name 5 of the US’s main principal end-use commodity categories that make up the bulk of its trade goods.
- Capital goods
- Industrial supplies
- Consumer goods
- Automotive vehicles
- Foods, feeds, beverages
Name top 5 US exports of trade goods in 2013, by product industry class.
- Transportation equipment
- Computer and electronic products
- Chemicals
- Machinery (excluding electrical)
- Petroleum and coal products
In 2013, what was the fastest growing export trade product, by industry class, and by how much did it grow from the previous year?
Oil and Gas.
Grew by more than 50% from 2012 to 2013.
