1. Trade Quiz #1: TRUE or FALSE
All together $412 million worth of goods comes into and goes out of the U.S. every day.
FALSE. $8.9 BILLION worth of goods comes into and out of the U.S. every day.

2. Trade Quiz False. The U.S. is running about a $45 billion
#2: TRUE or FALSE
The United States exports more goods than it imports.
False. The U.S. is running about a $45 billion
trade deficit each month.
The overall trade deficit for 2014 was $505 billion.

3. Trade Quiz #3: TRUE or FALSE
The top two U.S. trading partners are China and Mexico.
False. Canada is by far our #1 trading partner—combined exports and
imports= $617 billion in 2014
China and the U.S. had total combined trade of $537 billion.
However, the U.S. has by the far the biggest trade DEFICIT with China.
Imports from Canada ($324 billion) – Exports to Canada ($293 billion)=$32 billion deficit
Imports from China ($426 billion) – Exports to China ($111 billion)=$315 billion deficit

4. U.S./Canada Trade U.S. Exports to Canada: Autos/Auto parts
Computer equipment
Electrical equipment
Engines/turboengines
Recorded media
Optical equipment
Precision instruments

5. U.S./Canada Trade U.S. Imports from Canada: Autos/Auto parts
Natural Gas
Petroleum products
Electricity
Engines
Aircraft equipment
Wood
Paper products

6. Trade Quiz True. #4: TRUE or FALSE
The United States is the world leader in the export of services (industries such as telecommunications, banking, and insurance.
True.

7. Trade Quiz False. 40% of our oil was imported last year.
#5: TRUE or FALSE
The U.S. imports over 50 percent of the oil it uses.
False. 40% of our oil was imported
last year.
However, just wo years ago we
imported 59% of our oil!!!!