In terms of value of imports and exports, the top five trading partners for the United States
Question:
In terms of value of imports and exports, the top five trading partners for the United States are Canada, China, Mexico, Japan, and Germany. Go to www.bea.gov and search for “U.S. Trade in Goods and Services by Selected Countries and Areas.” Find the total value of exports, imports, and the balance of trade with each of these countries for the most recent year. For which of these countries is the United States running a trade surplus? trade deficit? Do an Internet search and find some of the main goods and services the United States imports from and exports to these five countries. Are you surprised by any of the goods or services that you found? Why or why not?
Step by Step Answer:
Principles of Macroeconomics
ISBN: 978-0134078809
12th edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster