U.S. TRADE AND IMPACT

TRADE PARTNERS. Look at the current Top U.S. Trade Partners tables (click on the following link to go
to the URL address with the publication: Trading partners link). Take a moment to understand what
information is in each table and look at the countries listed in each one. Answer the following questions
(2 points each):

1. What is the “year to date” total trade amount for 2021 for the U.S. with all countries (give the
   total dollar figure).
2. Explain in one sentence what does the total trade number mean? How it is calculated?
3. Which countries are the top two export markets for U.S. products? In your answer include the
   name of the countries, the dollar amount of exports for each and the percentage of total
   exports that go to each.
4. Why do you think these two countries in question #3 are the top export markets for the U.S.?
5. What percentage of our exports go to France? How does it compare to Canada?
6. From which countries do almost 50% of our imports come from? Explain your answer
7. How many dollars in products did we import from China last year (2021)?
8. What does the year-to-date surplus table represent?
9. Take a look at the list of countries listed in the “surplus” table. Do you see a difference with
   most of the countries listed in the other tables? Can you explain this difference?
10. What does the year-to-date- deficit table represent? What does it mean for China’s number to
    be -$355.3 billion dollars?