U.S International Trade - Case Study Example

U.S INTERNATIONAL TRADE al Affiliation International trade in goods and services Below re the values of goods and services in export and imports involved in international trade in United States (values in million dollars) Period 2015 Exports Imports Total Goods Services Total Goods Services January 189,025 129,292 59,733 232,613 192,242 40,371 February 185,889 126,329 59,560 224,427 184,370 40,057 March 186,765 127,183 59,583 238,928 198,347 40,581 April 189,142 129,376 59,766 231,399 190,967 40,432 May 187,863 127,829 60,034 230,398 189,796 40,602 June 187,690 127,547 60,143 232,896 192,354 40,542 July 188,807 128,529 60,279 230,615 189,829 40,786 August 184,938 124,435 60,503 232,956 191,997 40,958 September 187,896 127,323 60,573 228,708 187,616 41,092 October November December Period 2014 Exports Imports Total Goods Services Total Goods Services January 192,879 133,738 59,141 232,341 193,706 38,635 February 189,495 131,768 57,726 232,330 193,060 39,417 March 194,759 135,923 58,837 237,881 198,973 38,908 April 195,024 135,556 59,468 239,295 199,877 39,417 May 197,269 137,314 59,955 239,340 199,405 38,934 June 195,579 136,282 59,298 237,950 197,982 39,968 July 196,907 138,406 58,500 238,317 198,584 39,734 August 197,303 138,155 59,148 238,578 198,979 39,599 September 195,053 136,371 58,682 238,239 198,446 39,793 October 197,759 138,107 59,682 240,513 200,024 40,489 November 196,201 136,474 59,726 236,222 195,805 40,417 December 194,975 134,544 60,431 240,524 199,260 41,264 Trade balance for the years From the data, there have been decreases in the value of goods that are produced for export in the country.

There is no much variation in the services that are exported from the country over the two year period. There is a slight decrease in the import from the country for both goods and services. Unites States top five traders 2014-2015 The five traders include China, Canada, Mexico, Japan, and Germany. The data below shows the list of exports and imports derived from www.census.gov. Rank Country Exports Imports Total Trade Percent of Total Trade --- Total, All Countries 1,134.1 1,683.5 2,817.6 100.

0% --- Total, Top 15 Countries 803.4 1,295.8 2,099.2 74.5% 1 China 84.0 357.6 441.6 15.7% 2 Canada 212.9 225.1 438.1 15.5% 3 Mexico 177.6 219.8 397.4 14.1% 4 Japan 47.5 98.3 145.8 5.2% 5 Germany 37.1 91.9 129.0 4.6% Source: www.census.gov Reference Kafchinski, J. (2015). US International Trade Data - Foreign Trade - US Census Bureau. Census.gov. Retrieved 13 November 2015, from http://www.census.gov/foreign-trade/data/index.html