United States economy U.S. Exports of goods and services

Course summary (United States economy):

U.S. market overview. Main sectors exporters. FTA: Free trade agreements. Foreign direct investment Asian-Pacific FDI in the United States

The United States has the largest and most technologically powerful economy in the world.

The global economic downturn, the sub-prime mortgage crisis, investment bank failures, falling home prices, and tight credit pushed the United States into a recession by mid-2008. GDP contracted until the third quarter of 2009, making this the deepest and longest downturn since the Great Depression. Real Gross domestic product increased at an annual rate of 3.2 percent in the first quarter of 2010.

Example of the course (United States economy):

New York - Miami - California

The United States is the world’s largest recipient of FDI (Foreign direct investment). As the world’s third-largest agricultural economy, producing a diverse array of crops under a wide range of conditions, the United States is the largest single country market for agricultural equipment – worth approximately $21 billion per year. The United States is by far the world’s leader in private pension fund and other asset management, accounting for 40 percent of the global fund management industry. Japan is a distant second at 10 percent. The U.S. banking sector provided credit equal to 215 percent of GDP in 2004, more than for most OECD and developing countries. The United States is the largest market in the world for computer hardware products. The U.S. software market is the largest in the world. Domestic demand for packaged software exceeded $126 billion in 2007. The U.S. construction sector is the world’s largest.

The United States is the world’s largest producer and consumer of instrumentation, with a domestic market valued at $33.7 billion in 2007. The U.S. domestic market for machine tools is the third largest in the world behind China and Japan. Logistics sector. Currently, $3 trillion per year is spent globally on supply-chain logistics services, and that spending is increasing at a rate of 10 percent annually. Approximately 10 percent of U.S. GDP is related to transportation activity. The United States is the world’s second-largest market for cement and is the largest importer of cement. The United States currently leads the world in installed wind generation capacity. The sheer size of the U.S. energy market, the availability of infrastructure, and the growth potential of key industries places the United States behind only Spain as the most attractive market for renewable energy. The United States maintains the oldest and most dominant position worldwide in venture capital.

The United States is a member of: North American Free Trade Agreement (NAFTA), AGOA, Asia-Pacific Economic Cooperation ©, ADB, Inter-American Development Bank (IDB), World Bank, ECLAC, Economic and Social Commission for Asia and the Pacific (ESCAP), IMF, OAS, World Trade Organization (WTO), United Nations, ...

Free trade agreements (FTA). The U.S. has agreements in force with 17 countries: Australia, Bahrain, Canada, Chile, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Israel, Jordan, Mexico, Morocco, Nicaragua, Oman, Peru, and Singapore. Agreements with three countries, Colombia, Panama, and South Korea, await Congressional approval. Trade and Investment Framework Agreement (ASEAN-US TIFA)

In 2007, trade with countries that the U.S. has Free trade agreements was significantly greater than their relative share of the global economy: although comprising 7.5% of global GDP (not including the U.S.), those countries accounted for over 42% of U.S. Exports.

U.S. exports of goods and services increased by 3.2 percent in March 2010 to $147.9 billion since February 2010, while imports increased 3.1 percent to $188.3 billion over the same period. In March 2010, the monthly U.S. goods and services trade deficit increased by 2.5 percent to $40.4 billion when compared to February 2010.

Following the sharp decline in U.S. goods exports to the world in 2009, the surging recovery of U.S. goods exports in the first quarter of 2010 has been supported by U.S. Exports to Emerging markets in the Middle East, South America, and Africa.

- In the Middle East, U.S. goods exports to FTA partners Bahrain, Oman and Jordan increased by 21 percent (or $149 million) to a collective $857 million year-to-date through March 2010 (compared to the same months of 2009). Other major growth markets for U.S. goods exports in the region over this period included Lebanon (up $139 million), Saudi Arabia (up $132 million), Kuwait (up $111 million), Iraq (up $41 million), and Syria (up $35 million).

- In South America, U.S. goods exports to FTA partners Chile and Peru increased $487 million and $471 million respectively year-to-date through March 2010 (compared to the same months of 2009). Other growth markets for U.S. goods exports in the region over this period included Brazil (up $1.7 billion), Colombia (up $766 million), Ecuador (up $451 million), Argentina (up $265 million), Paraguay (up $136 million), Uruguay (up $61 million), and Bolivia (up $15 million).

- Although the value of merchandise trade with these countries is relatively small, the countries of Africa are important growth markets for U.S. goods exports. Through the first quarter of 2010 (compared to same period of 2009), U.S. Exports have increased to our FTA partner Morocco by 56 percent (or $181 million) to reach $506 million. Over this period, U.S. Exports also increased to Nigeria (up $179 million), Egypt (up $159 million), Ghana (up $81 million), Gabon (up $71 million), Tunisia (up $64 million), Ethiopia (up $50 million), Libya (up $39 million), Senegal (up $28 million), Algeria (up $21 million), Zimbabwe (up $21 million), and Sudan (up $20 million). Other markets that represented more than a $5 million increase in U.S. goods exports included Mozambique, Togo, Liberia, Benin, Chad, Tonga, and Gambia.)

Top 20 Metropolitan Area exporters
Ranked by 2008 Export Value
(in Millions of U.S. Dollars)
Rank Metropolitan Area

1 New York-Northern New Jersey-Long Island, NY-NJ-PA
2 Houston-Sugar Land-Baytown, TX
3 Los Angeles-Long Beach-Santa Ana, CA
4 Seattle-Tacoma-Bellevue, WA
5 Detroit-Warren-Livonia, MI
6 Chicago-Naperville-Joliet, IL-IN-WI
7 Miami-Fort Lauderdale-Miami Beach, FL
8 San Jose-Sunnyvale-Santa Clara, CA
9 Minneapolis-St. Paul-Bloomington, MN-WI
10 Boston-Cambridge-Quincy, MA-NH
11 Dallas-Fort Worth-Arlington, TX
12 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
13 San Francisco-Oakland-Fremont, CA
14 Portland-Vancouver-Beaverton, OR-WA
15 Cincinnati-Middletown, OH-KY-IN
16 San Juan-Caguas-Guaynabo, PR
17 San Diego-Carlsbad-San Marcos, CA
18 Atlanta-Sandy Springs-Marietta, GA
19 Peoria, IL
20 New Orleans-Metairie-Kenner, LA

Source: ITA

The United States is the world’s largest recipient of FDI. More than $325.3 billion in FDI flowed into the United States in 2008, which is a 37 percent increase from 2007. The $2.1 trillion stock of FDI in the United States at the end of 2008 is the equivalent of approximately 16 percent of U.S. gross domestic product (GDP).

Foreign direct investment (FDI) from the Asia–Pacific in the United States plays an important and growing role in the U.S. economy. Today, Asian–Pacific companies employ more than 788,000 American workers. That amount is equivalent to the combined working population of Boston and San Francisco. The jobs are high paying, offering on average of $68,000 in annual compensation. Furthermore, Asian–Pacific firms annually spend $4.6 billion on research and development in the United States and generate $61 billion in U.S. Exports.

United States borders: Canada and Mexico.

Coca Cola Strategy

United States, Economy, U.S., exports, goods, services, U.S. Market, Overview, Main, sectors, exporters, FTA, Free, trade, agreements, foreign, direct, investment, Asian-Pacific, FDI, US