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. $6.9 BILLION worth of goods comes into and out of the U.S. every day.

2. Trade Quiz
#2: TRUE or FALSE
The United States exports more goods than it imports.
False. The U.S. has been importing about $60 billion more than it has been exporting every month for the past several years.

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= $416 billion in 2008
China and the U.S. had total combined trade of $267 billion.
However, the U.S. has by the far the biggest trade DEFICIT with China.
Imports from Canada ($238 billion) –Exports to Canada ($178 billion)=$60 billion deficit
Imports from China ($235 billion) – Exports to China ($31 billion)=$204 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 True. 59 % of its oil is imported. #5: TRUE or FALSE
The U.S. imports over 50 percent of the oil it uses.
True. 59 % of its oil is imported.