The Commerce Department reported today that U.S. trade rebounded strongly in 2010. The following charts detail who we’re trading with, and what we’re trading.
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Economic insight and analysis from The Wall Street Journal.Where and What Is U.S. Trading Internationally?
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Real Time Economics offers exclusive news, analysis and commentary on the economy, Federal Reserve policy and economics. The Wall Street Journal’s Phil Izzo and Sudeep Reddy are the lead writers, with contributions from other Journal reporters and editors. Send news items, comments and questions to realtimeeconomics@wsj.com.
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What a sad state of affairs. The travesty of the impact that the wholesale sell-off of our future is just starting to be felt. Our parents generation has so much to answer for in that they have ensured that we will be far worse off than they were. This was all done with the thought of short-term profits and the lure of the “china-price”. What a sick sell-off of a generation’s legacy. We need tarriff’s on everything from China to reverse this flow. North America needs a manufacturuing industry - anyone that says otherwise is either lying or just wrong.
The US exports jobs but I don’t see that represented on the pie chart…
Also the US transfers it’s technology, and technical know-how but thats missing as well.
The chart for imports neglects a category of “consumer goods”. Everything we buy is Made in China, and to leave that out is a real deception. These charts show a trade deficit of $259 billion when it’s actually TWICE that amount!
Most imported US oil comes from Canada and Mexico. Saudi Arabia is 3rd behind those two.
US imports significant oil from Saudi Arabia. Seems a bit questionable for oil to be largest import but Saudi does not appear as significant source. Reference:
http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.html
Saudi Arabia oil imports similar to venezuela.