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NS3040 Fall Term 2017 U.S./Global Trade Patterns

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Presentation on theme: "NS3040 Fall Term 2017 U.S./Global Trade Patterns"— Presentation transcript:

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

2 US: Top 25 Trade Partners

3 U.S. Total Trade 2013 Goods Only Billions of Dollars

4 U.S. Exports 2013 Goods Only Billions of Dollars

5 U.S. Imports 2013 Goods Only Billions of Dollars

6 U.S. Trade Surpluses 2013 Goods Only Billions of Dollars

7 U.S. Trade Deficits 2013 Goods Only Billions of Dollars

8 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

9 Trade Flows Across Regions

10 Trade Across Countries

11 G20 Trade Patterns, 2009

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

13 U.S. Trade Patterns and Growth

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

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

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

17 China: Supply Chains

18 China’s Global Linkages

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

20 Shares of Global Trade

21 Trade Connectedness Index

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

23 Slow-Down in World Trade

24 Decline in Trade and Investment

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

26 Merchandise Trade I

27 Merchandise Trade II

28 Merchandise Trade 2015 III

29 African Export Decline

30 Slow-Down in African Trade

31 Trade in Services 2015

32 Leading Traders in Services 2015

33 Extra

34 Global Trade 1992

35 Global Trade 2014

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


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