Question

Collect the current statistics on whether the U.S. is the net importer or exporter of BMW X4. Who are the main trading partners? What is the net impact of this product on the on the U.S. economy?

Answer 1

Ans-According to current statistics USA is net exporter of BMW X4 the data is given below:-

In 2017, 1.98 million passenger cars and light trucks built in the United States were exported. By dollar value, the exported vehicles accounted for $57.04 billion of U.S. international trade, and the largest manufacturer component of that total came from German automaker BMW.

BMW’s X-model sport utility vehicles (X3, X4, X5, X6 and later this year X7) are built at the company’s manufacturing facility in Spartanburg, South Carolina. The plant exported 272,346 units last year with an approximate dollar value of $8.76 billion, or 15.4% of the year’s U.S. export total value. BMW exported more than 73% of the 371,284 X-models built at Spartanburg last year, and the rest were sold in the United States.

According to Kelley Blue Book data, the X1 sold nearly 31,000 units in the United States last year, the X3 sold nearly 41,000 and the X4 sold about 5,200. The midsize X5 and X6 sold nearly 51,000 and about 6,800 units, respectively, in 2017. With the exception of the X4, all BMW X models posted double month-over-month digit market share gains of between 24% for the X5 to 59% for the X1

Main trading partners are Canada, USA, California. To manufacture its automobiles, BMW depends upon a network of over 100 auto parts suppliers from all over the globe, although approximately 50% of its suppliers are either located in Germany or are subsidiaries of German-based companies. Roughly another 35% of BMW's suppliers are headquartered in other European countries, with about a 50-50 split between Western European countries and Eastern European countries.

In addition to the South Carolina manufacturing facility, BMW Group North American subsidiaries include sales, marketing and financial services operations in the United States, Canada and throughout Latin America; and a design firm and technology office in California

More than a financial transaction – an investment is a measure of commitment. At BMW Manufacturing, we’re proud of the strength and constancy of our commitment to the Upstate of South Carolina. Since 1992, BMW has invested more than $9 billion in construction, equipment and other capital expenditures and 40 of our 300 U.S. suppliers have chosen to place operations in South Carolina.

Nowhere are the effects felt more strongly than here in the Upstate of South Carolina where quality jobs, revenue generation, and investment are helping lay the foundation for an even brighter future.

Originally projected to provide 2,000 jobs, BMW Manufacturing now has 11,000 jobs on site. Add to that the companies required to supply and support the campus, and BMW provides jobs for over 30,000 South Carolinians. Lost in the numbers is the level of quality BMW is adding to the local labor pool.