Monday, February 28, 2011

What do we export? What do we import? Who are our biggest trading partners? So many questions...the answers are just a click away...

A couple of useful graphics on International trade. The first one is a brief look at our top goods that we exported and imported in 2010.  The elephant in the room is our import of oil.  The only good in double digits by a significant margin.

Source: WSJ

The second one shows the changes in trade patterns with major trading partners since 1990...The change in TOTAL trade (exports PLUS imports) with China has been remarkable in just 20 years.  However, the elephant in the room with this metric is the excess of imports over exports. 

Source: WSJ
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