U.S. Exports and Imports

Finding the right country markets for export and import is a challenge for international companies. Many government, private, and public websites and databases provide rich information on countries. This is your opportunity to use government and organization databases.

Resources

Types of Tariffs(2021) What is Importing and Exporting?(2020) How Importing and Exporting Impacts the Economy(2020) Strong Dollar: Advantages and Disadvantages(2020) Trade and COVID-19(2021)

Case Assignment

Begin with the U.S. Census Bureau's Global Market Finder: An Interactive Tool for U.S. Exporters. Randomly select a commodity (they are all presented in numbers). Click Map, Time Series, and Unit Price to find the required data to complete the table.

U.S. Export Commodity
Top 5 Countries by Value		Country	Value $USD
1
2
3
4
5
3-Year Market Value	Year20xx	Year20xx	Year20xx
	$	$	$
Highest and Lowest Prices		Country	Value $USD
Highest
Lowest
SOURCE: U.S. Census Bureau's Global Market Finder: An Interactive Tool for U.S. Exporters

Describe the importance of this data for a U.S. company looking to export the commodity.

Research

Using World Bank: World Integrated Trade Solution (WITS), research the top two countries and the country with the highest price from the table above to learn about tariffs for U.S. exports in the commodity category. Select "United States" and "United States Tariff Schedule" from the WITS page," like the first country to complete the table below. Find the category that reflects the commodity chosen.

U.S. Export Commodity
	MFN (Most Favored Nation) Tariff	Applied Tariff
#1
#2
Highest
SOURCE: World Bank: World Integrated Trade Solution

Please explain what MFN (Most Favored Nation) and Applied Tariff mean and how they affect exporting.

Let us focus on U.S. imports during COVID-19 using the World Bank's Database on COVID-19 Trade Flows and Policies. Research in Medical Supplies or Food Products. Select "Information by Country Pair."

Top right: Select United States Select/Click: One Product

Complete the table for the top 5 exporters. NOTE: you can sort the tables from highest to lowest dollars or market share.

Main Exporters of		To the United States
	Exports (USD thousands)	Market Share %
SOURCE: World Bank Database on COVID-19 Trade Flows and Policies

Research news reports from 2020 and share how necessary this export was to the United States during the pandemic. Share information about shortages of this product.