United States - Foreign trade



The foreign trade position of the United States deteriorated in the 1980s as the United States became a debtor nation with a trade deficit that ballooned from $24 billion to over $100 billion by the end of the 1980s; by 1998, the trade deficit had reached an estimated $249 billion. In 2001 exports, consisting of automobiles, industrial supplies and raw materials, consumer goods, and agricultural products, were $998 billion, up from $393.6 billion in 1990. General imports for 2001 were valued at $1.36 trillion, a record high. California led the nation in value of exports originating in the state, followed by Texas and New York.

The United States' imports and exports for 2001 (in millions of US dollars) are distributed among the following categories:

United States

I TEM (1) E XPORTS I MPORTS
Manufactured goods (3) 536,725 821,018
Agricultural commodities (3) 46,821 46,965
Mineral fuels (3) 12,865 122,875
Selected commodities (3)
ADP equipment; office mach 49,403 75,861
Airplanes and spacecraft 44,689 21,091
Alcoholic bev., distilled 1,291 7,752
Aluminum 3,329 6,404
Animal feeds 4,478 621
Artwork/antiques 4,070 5,460
Cereal meal and preparations 1,993 2,057
Chemicals - cosmetics 3,369 2,546
Chemicals - dyeing and painting 3,870 2,480
Chemicals - fertilizers 2,247 1,950
Chemicals - inorganic 5,730 6,192
Chemicals - medicinal 15,421 18,624
Chemicals - n.e.s. 12,784 5,927
Chemicals - organic 16,948 29,626
Chemicals - polymers 19,283 10,379
Cigarettes 2,750 527
Clothing 7,013 63,861
Coal 1,955 1,023
Coffee 366 1,680
Copper 1,130 4,106
Cork, wood, lumber 3,629 7,970
Corn 4,765 135
Cotton, raw and linters 2,220 29
Crude oil 248 75,263
Electrical machinery 92,186 84,711
Fish and preparations 3,207 9,750
Footwear 806 15,235
Furniture and bedding 4,720 18,612
General industrial mach 33,748 33,259
Glass 2,526 2,201
Glassware 961 1,741
Gold, non-monetary 4,881 2,078
Hides and skins 1,998 162
Iron and steel mill products 5,970 13,857
Jewelry 2,596 6,265
Lighting, plumbing 1,120 4,584
Liquefied propane/butane 340 1,879
Live animals 898 2,239
Meat and preparations 7,379 4,253
Metal manufactures, n.e.s. 7,313 22,233
Metal ores; scrap 3,484 3,237
Metalworking machinery 5,297 6,589
Mineral fuels, other 3,721 2,681
Natural gas 538 16,303
Nickel 541 1,080
Oils/fats, vegetable 801 995

United States

I TEM (1) E XPORTS I MPORTS
Selected commodities (continued)
Optical goods 3,231 3,453
Paper and paperboard 11,231 14,819
Pearls, precious stones 4,475 11,577
Photographic equipment 3,739 5,577
Pottery 124 1,642
Power generating mach. 36,182 36,127
Printed matter 5,061 3,723
Pulp and waste paper 3,769 2,631
Rice 717 168
Rubber articles, n.e.s. 1,669 1,980
Rubber tires and tubes 2,402 5,020
Scientific instruments 31,274 21,399
Ships, boats 1,899 1,206
Silver and platinum 1,801 5,760
Specialized ind. mach. 27,491 12,064
Sugar 733 1,621
Television, VCR, radio, etc. 3,531 24,884
Textile yarn, fabric 10,472 14,613
Tobacco, unmanufactured 1,290 710
Toys/games/sporting goods 3,898 20,909
Travel goods 414 4,301
Vegetables and fruits 8,111 9,523
Motor vehicles and parts 58,140 158,565
Watches/clocks/parts 449 3,048
Wheat 3,382 282
Wood manufactures 1,652 7,000
Re-exports 50,969 (X)
Agricultural commodities 1,314 (X)
Manufactured goods 49,011 (X)
Mineral fuels 132 (X)
(-) Represents zero or less than one half unit of measurement shown. (X)
Not applicable.
(1)Detailed data are presented on a census basis. The information needed
to convert to a BOP basis is not available.
(2)Total exports (Domestic and Foreign)
(3)Domestic exports

The following 21 nations account for approximately 77% of US imports, and 79% of US goods exports: Argentina, Australia, Belgium, Canada, China (including Hong Kong), Egypt, Germany, France, Italy, Japan, Republic of Korea, Malaysia, Mexico, Netherlands, Saudi Arabia, Singapore, Spain, Switzerland, United Arab Emirates, United Kingdom, and Venezuela.

Principal trading partners in 2000 (in millions of US dollars) were as follows:

United States

COUNTRY EXPORTS IMPORTS BALANCE
Canada 164,841 232,678 -67,837
Mexico 104,909 137,448 -32,539
Japan 62,927 150,632 -87,705
United Kingdom 39,532 44,531 -4,999
China (inc. Hong Kong) 29,272 119,588 -90,316
Germany 28,174 60,161 -31,986
Korea 27,090 41,724 -14,634
France 19,606 30,482 10,876
Singapore 16,758 19,557 -2,799
Malaysia 10,392 26,394 -16,002

User Contributions:

1
Donald Marsh
Report this comment as inappropriate
Jan 23, 2010 @ 4:16 pm
What I'm looking for is simply the U.S. balance of payments for 2009, showing total goods exports and imports, total services exports and imports, the resulting current account balance, and the capital account showing capital inflows and outflows and resulting balance.

I'll much appreciate it if yu can provide me with that or show me where I can get it on the Internet. Thank you.

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