Made in the USA
|
|
Posted On :
Oct-05-2010
| seen (643) times |
Article Word Count :
473
|
|
The United States of America is one of the world’s most advanced economies, and certainly the world’s largest manufacturer of goods and the world’s largest trading nation. The average import and export figures are at approximately $2.5 trillion.
|
|
The United States of America is one of the world’s most advanced economies, and certainly the world’s largest manufacturer of goods and the world’s largest trading nation. The average import and export figures are at approximately $2.5 trillion.
The USA exports many food products such as meat and whole grains all over the world. They are also leaders in aeronautical accessories and supplies. The USA export lists also include top name brand automobiles such as Ford, Jeep, and Chevrolet. The USA is one of, if not the world’s largest producer of steel goods and steel for production purposes in other countries. Although the USA is a giant in exporting circles, it also relies on imports to keep its economy flourishing and its consumers spending.
If you browse through American stores, you will find many goods manufactured in China such as clothing, toys, electronic devices, pharmaceutical products from Germany and high quality furniture imported from Scandinavia. The USA imports more oil and petroleum products than it exports to fuel its industries and economy.
USA exporter attains the bulk of their profits from their trade relationships with Canada, Japan, China, the United Kingdom, Mexico, South Korea and Belgium. American trade relationships exist globally and there are many countries which import American goods.
Americans spend much of their trade bill on coins, petroleum products, food additives, tin, coal and minerals. Although relations with a country like Iran are strained due to military differences and world peace issues, the USA import figures for 2010 still reflect the purchase of antique furniture, saffron and rugs of various kinds. The USA has continued to supply Iran with animal and human medicines, basic foodstuffs such as soy products and medical supplies. Strained relations, it seems, need not affect trade relations entirely.
The world-wide recession has affected domestic investments and spending in America as it has in other countries internationally. So important is the USA’s trade relationship with other countries that President Barack Obama has set a 50% increase in exports as a target over the next five years to boost the American economy.
Policy on keeping the low dollar rate where it is has helped the USA to export cheaper goods on the world markets. Despite all its efforts, the fastest growing trade country, China, accounts for only 7% of America’s export figures. Despite this seeming hitch in maintaining its number one place in the world of trade, America is still home to 30% of the world’s millionaires and 40% of the world’s billionaires. So the world’s wealthiest still migrate to the land of opportunity of yesteryear.
Like the United Kingdom, America also faces the problem of unemployment, an ageing workforce and inadequate health and medical cover. With export and import figures declining, President Obama has his work cut out for him.
|
|
|
|
Article Source :
http://www.articleseen.com/Article_Made in the USA_36246.aspx
|
|
Author Resource :
Find more information about USA products and USA import or USA export business.
|
|
Keywords :
USA exporter, USA export, USA import, USA products,
Category :
Business
:
Business
|
|
|
|
