NS3040 Fall Term 2017 U.S./Global Trade Patterns Federal Reserve Bank of Chicago, Strong Dollar Weak Dollar

US: Top 25 Trade Partners

U.S. Total Trade 2013 Goods Only Billions of Dollars https://www.census.gov/foreign-trade/statistics/highlights/top/top1312yr.html

U.S. Exports 2013 Goods Only Billions of Dollars https://www.census.gov/foreign-trade/statistics/highlights/top/top1312yr.html

U.S. Imports 2013 Goods Only Billions of Dollars https://www.census.gov/foreign-trade/statistics/highlights/top/top1312yr.html

U.S. Trade Surpluses 2013 Goods Only Billions of Dollars https://www.census.gov/foreign-trade/statistics/highlights/top/top1312yr.html

U.S. Trade Deficits 2013 Goods Only Billions of Dollars https://www.census.gov/foreign-trade/statistics/highlights/top/top1312yr.html

Global Trading Patterns 2015 In 2015 China again world’s leading merchandise exporter United States the leading merchandise importer Top five traders, China, US, Germany, Japan and UK accounted for more than one third world trade Top three countries accounted for more than one quarter A fall in prices in international markets has a particular impact on Africa, especially Sub-Saharan Africa and other commodity exporters The U.S. remained the leading trader of commercial services However China, ranked second was the only economy with positive growth for both exports and imports. In 2015 all regions with exception of the Middle East experienced declines in their exports of services WTO Trading Patterns: Global and Regional Perspectives

Trade Flows Across Regions

Trade Across Countries

G20 Trade Patterns, 2009

U.S. Trans-Atlantic Trade Paul Hannon and Nicholas Winning, U.S. EU Launch Free Trade Talks, Wall Street Journal, June 18, 2013

U.S. Trade Patterns and Growth

Trade and Apparel Prices I Floyd Norris Era of Cheap Apparel May be Ending for U.S. New York Times, January 17, 2014

Trade and Apparel Prices II Floyd Norris Era of Cheap Apparel May be Ending for U.S. New York Times, January 17, 2014

Rise of China as a Trade Power Red leading trade partner, orange second trade power yellow – third or lower 000-New-263

China: Supply Chains https://www.stratfor.com/weekly/use-it-or-lose-it-chinas-grand-strategy?utm_source=paidlist-a&utm_medium=email&utm_campaign=*|DATE:|*&utm_content=Daily+Intelligence+Brief%3A+April+11%2C+2016

China’s Global Linkages

China and the TPP Brian Spegele and Thomas Catan, China Suggests Shift on U.S. –Led Trade Pact, Wall Street Journal, June 1, 2013

Shares of Global Trade

Trade Connectedness Index

Trade and GDP FT embattled future of global trade policy Marting wolf May 12, 2015

Slow-Down in World Trade

Decline in Trade and Investment http://www.ilo.org/wcmsp5/groups/public/---dgreports/---dcomm/---publ/documents/publication/wcms_443480.pdf

Measures of Globalization Stall Ian Talley, Globalization on the skids, WSJ October 7, 2016

Merchandise Trade 2011-15 I https://www.wto.org/english/res_e/statis_e/wts2016_e/WTO_Chapter_05.pdf

Merchandise Trade 2011-15 II https://www.wto.org/english/res_e/statis_e/wts2016_e/WTO_Chapter_05.pdf

Merchandise Trade 2015 III https://www.wto.org/english/res_e/statis_e/wts2016_e/WTO_Chapter_05.pdf

African Export Decline https://www.wto.org/english/res_e/statis_e/wts2016_e/WTO_Chapter_05.pdf

Slow-Down in African Trade https://www.wto.org/english/res_e/statis_e/wts2016_e/WTO_Chapter_05.pdf

Trade in Services 2015 https://www.wto.org/english/res_e/statis_e/wts2016_e/WTO_Chapter_05.pdf

Leading Traders in Services 2015 https://www.wto.org/english/res_e/statis_e/wts2016_e/WTO_Chapter_05.pdf

Extra

Global Trade 1992

Global Trade 2014

Canadian Trading Patterns Ed Crooks, Canada’s Strongest Ties are With its Closest Neighbor, Financial times, December 2, 2013