Transcript Slide 1

U.S. GDP and Trade Nominal $$ billions
Year
GDP
Total
Exports
Total
Imports
1995
7,415
794
891
2000
9,952
1,073
1,450
2005
12,623
1,287
1,996
2006
13,377
1,459
2,213
2007
14,028
1,655
2,351
2008
14,291
1,843
2,541
2009
13,939
1,575
1,956
2010
14,526
1,837
2,337
www.bea.gov
Top U.S. Trade Partners
Total Trade: Exports Plus Imports
Rank by Exports( US $--billions)
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
Canada
410
381
371
394
445
499
533
566
600
431
527
Mexico
247
233
232
236
267
290
332
347
367
306
393
China
116
122
147
181
231
285
343
384
408
366
457
Japan
211
184
173
170
184
193
207
206
204
147
181
Germany
88
89
89
97
109
119
130
143
152
114
130
UK
85
82
74
77
82
90
98
107
172
93
98
S Korea
65
51
51
49
56
57
78
82
33
68
88
France
50
50
47
46
53
56
61
68
73
60
65
http://www.census.gov/foreign-trade/balance
Trade with Canada, 2010
in billions of dollars
1-Digit SITC Commodity
Exports
Imports
17.5
15.7
1 Beverages and Tobacco
1.2
0.8
2 Crude Materials, Inedible, except Fuels
6.9
10.5
12.9
83.9
0.6
1.2
5 Chemicals and Related Products, N.E.S.
28.9
24.2
6 Manufactured Goods Classified Chiefly by Material
34.5
37.2
7 Machinery and Transport Equipment
111.7
75.9
8 Miscellaneous Manufactured Articles
27.3
12.6
7.2
15.4
249.1
277.6
0 Food and Live Animals
3 Mineral Fuels, Lubricants and Related Materials
4 Animal and Vegetable Oils, Fats and Waxes
9 Commodities and Transactions, N.E.S.
* TOTAL *
tse.export.gov
Trade with Mexico, 2010
1-Digit SITC Commodityin billions of dollars
Exports
Imports
0 Food and Live Animals
10.5
11.7
1 Beverages and Tobacco
0.4
2.6
2 Crude Materials, Inedible, except Fuels
5.7
1.4
14.1
33.5
0.8
.05
5 Chemicals and Related Products, N.E.S.
20.0
4.0
6 Manufactured Goods Classified Chiefly by Material
21.3
14.8
7 Machinery and Transport Equipment
73.3
128.0
8 Miscellaneous Manufactured Articles
12.8
22.3
5.3
11.0
163.4
229.9
3 Mineral Fuels, Lubricants and Related Materials
4 Animal and Vegetable Oils, Fats and Waxes
9 Commodities and Transactions, N.E.S.
* TOTAL *
tse.export.gov
1-Digit SITC Commodity
Trade with China, 2010
in billions of dollars
Exports
Imports
0 Food and Live Animals
3.2
4.8
1 Beverages and Tobacco
0.2
.04
27.4
1.5
1.3
.5
.4
.04
5 Chemicals and Related Products, N.E.S.
12.6
10.7
6 Manufactured Goods Classified Chiefly by Material
5.0
37.6
7 Machinery and Transport Equipment
33.8
180.4
8 Miscellaneous Manufactured Articles
6.3
125.1
9 Commodities and Transactions, N.E.S.
1.3
3.9
91.8
364.9
2 Crude Materials, Inedible, except Fuels
3 Mineral Fuels, Lubricants and Related Materials
4 Animal and Vegetable Oils, Fats and Waxes
* TOTAL *
tse.export.gov
Imports of Goods by Principal End-Use Category 2010
Foods, Feeds,
Other Goods
Beverages
3%
4%
Consumer Goods
23%
Industrial Supplies
37%
Automotive Vehicles etc.
11%
Capital Goods
22%
Exports of Goods by Principal End-Use Category 2010
Foods, Feeds,
Other Goods Beverages
4%
8%
Consumer Goods
13%
Automotive Vehicles
etc.
9%
Capital Goods
36%
Industrial Supplies
30%
U.S. Services Imports 2010
Direct Defense
Expenditures
7%
Travel
20%
Passenger Fares
8%
Other Private Services
44%
Other Transportation
14%
Royalties and License
Fees
7%
U.S. Services Exports 2010
Transfers Under U.S.
Military Sales Contracts
3%
Other Private Services
43%
Travel
21%
Passenger Fares
6%
Other Transportation
8%
Royalties and License
Fees
19%
U.S. Balance of Payments 2008
($ billions)
Current Account
-706.0
Merchandise trade balance
-695.9
Goods & Services exports 1,826.6
Goods & Services imports -2,522.5
Net Transfers
-128.3
Net Income Payments
118.2
Capital Account
Increase in U.S. holdings of foreign assets
Increase in Foreign holdings of U.S. assets
Statistical Discrepancy
http:bea.gov
+706.0
-106
505,166
+200
Sources of U.S. Imports 2010
All Others, 4.4%
OPEC, 7.9%
Canada, 14.5%
Africa, 3%
Other Pacific Rim, 8.70%
M exico, 12%
South/Central America, 6.8%
Japan, 6.2%
China, 18.9%
EU, 16.6%
Other Europe, 3.2%
Destination of U.S. Exports 2010
All Others, 4.30%
OPEC, 4.20%
Africa, 2.10%
Canada, 19.70%
Other Pacific Rim, 18.60%
M exico, 13%
South/Central America, 10.80%
China, 6.80%
Other Europe, 3.40%
EU, 18.70%
U. S. Goods Trade Balance With Other Nations, 2010
($US - billions)
Country
Exports
Imports
Trade Balance
Canada
249
278
-29
Mexico
164
230
-66
China
92
365
-273
Japan
60
120
-60
Germany
48
82
-34
EU
239
319
-80
Taiwan
26
36
-10
Korea
38
48
-10
France
27
38
-11
http://www.census.gov/foreign-trade/balance/
U.S. Balance of Payments 2010
($ millions)
Current Account
Goods & Services exports
Goods 1,288,697;
-470,898
1,837,577
Services 548,878
Goods & Services imports
-2,337,604
Goods -1,934,555; Services -403,048
Net Transfers
Net Income Payments
Capital Account
U.S. Owned Assets Abroad
Foreign Owned Assets in the U.S.
Capital Transactions
Statistical Discrepancy
http:bea.gov
-136,095
165,224
+470,898
-1,005,182
1,245,736
-15
+216,761
Destinations of U.S. Foreign Direct
Investment
2010
(percent)
Sources of Foreign Direct Investment
in the United States
2010
(percent)
United Kingdom
13
United Kingdom
19
Canada
7
Japan
11
Netherlands
14
Netherlands
10
Japan
3
Germany
9
Germany
4
France
8
Australia
3
Canada
10
Switzerland
4
Switzerland
7
Bermuda
5
Luxembourg
6
France
2
http://bea.gov
Statistical Comparison of NAFTA Countries, 1997
(In current U.S. $$)
Population
(millions)
GDP
(billions
U.S.$)
GDP
per capita
Exports
(billions $)
Imports
(billions
$)
Canada
29.9
637.5
21,260
250.6
238.5
Mexico
95.4
401.4
4,207
121.6
122.4
U.S.
272.6
8,265.0
30,282
934.8
1,042.7
Statistical Comparison of NAFTA Countries, 2010
(In current U.S. $$)
Population
(millions)
GDP
(billions
U.S.$)
GDP
per capita
Exports
(billions $)
Imports
(billion $)
Canada
34.1
1,577.0
46,236
462.3
493.1
Mexico
113.4
1,034.8
9,123
313.7
327.0
U.S.
309
14,586.7
47,199
1,837.5
2,337.6
Hourly Compensation Costs for Workers
in Manufacturing, Selected Countries, 2010 (current dollars)
Labor Costs
(in $ U.S.)
United States
Canada
France
Germany
Italy
Japan
United Kingdom
Korea
Mexico
Singapore
Philippines
34.74
35.67
37.68
43.76
33.41
31.49
29.44
16.62
6.23
19.10
1.90
v
www.bls.gov