U.S. exports

What is trade The exchange of goods between one party and another. Import – when a country buys goods from another. Export – When a country sells goods to another.

Which is more important, imports or exports?

The U.S was the world’s 3rd largest exporter in 2012

Where do U.S. exports go? 1.Canada 2.Mexico 3.China 4.Japan 5.United Kingdom

What does the U.S. export? Heavy machinery Aircrafts Automobiles Telecommunications, computer, & medical equipment Medicines Metals ( aluminum & copper) Services (travel services, license fees/royalties)

Agricultural exports Pork: U.S. exports more than any other country Grains Soybeans Fruits Vegetables

NC exports Pork Cotton Chicken meat Tobacco, unmanufactured soybeans

US imports The U.S. is the world’s largest importer.

Products imported by the U.S Oil Machines & engines Electronic equipment Vehicles Clothing footwear

The U.S. imports more than it exports. This creates a trade deficit.

What country exports the most goods to the U.S.? 19% of U.S. imports are from China

1.What is interdependence? 2.Based on what you have seen does this exist in modern society? 3.Do you think it should be this way?

North Carolina Agriculture in the Global Economy Peter Thornton North Carolina agriculture exports to 154 countries

Primary Export Markets Japan remains North Carolina’s largest export market, but pork and tobacco exports to China and cotton to Central America are growing.

NC Agriculture Export Trend Japan leads. China and Latin American are growing. US $ Exports to Japan are flat, but export to China are up 35%, export to Canada are up 45% and exports to Mexico are up 56%

NC Sweet Potato Exports Exports now account for between 10% and 20% of production US $

NC Agriculture Exports by Commodity Tobacco dominates, followed by cotton, meat, wood and sweet potatoes.