Question

In: Economics

Answer the following questions for the U.S. and Russia: What are the major imports to, and...

Answer the following questions for the U.S. and Russia:

What are the major imports to, and exports from, the country?

What are top 5-10 trading partners as measure by dollar value of imports and exports?

Solutions

Expert Solution

Major Imports Major Exports Top Export Destinations Top Import Origins
USA
  • largest importer in the world
  • Total imports - $2.16T (2017)

Major imports -

  • Cars - $179B
  • Crude Petroleum - $129B
  • Broadcasting Equipment - $105B
  • Computers - $73.5B
  • Packaged Medicaments - $65.7B
  • 3rd largest exporter in the world
  • Total exports - $1.25T

Major exports -

  • Refined Petroleum - $74.5B
  • Cars - $56B
  • Planes/Helicopters, Spacecrafts - $54B
  • Gas Turbines - $31.6B
  • Integrated Circuits - $28.9B
  • Mexico - $182B
  • Canada - $150B
  • China - $133B
  • Japan - $66.9B
  • Germany - $61.6B
  • China - $477B
  • Mexico - $307B
  • Canada - $275B
  • Japan - $125B
  • Germany - $112B
Russia
  • 19th larget imprter in the world
  • Total imports - $221B (2017)

Major Imports -

  • Packaged Medicaments - $8.23B
  • Cars - $7.69B
  • Vehicle Parts - $7.44B
  • Broadcasting Equipment - $7.04B
  • Planes, Helicopter, Spacecrafts - $6.33B
  • 14th largest exporter in the world
  • Total exports - $341B

Major exports -

  • Crude Petroleum - $96.6B
  • Refined Petroleum - $58.4B
  • Petroleum Gas - $19.8B
  • Coal Briquettes - $16.1B
  • Wheat - $7.93B
  • China - $39.1B
  • Netherlands - $27.7B
  • Germany - $19.9B
  • Belarus - $18.5B
  • USA - $15.4B
  • China - $43.8B
  • Germany - $27,2B
  • Belarus - $12.5B
  • USA - $10.9B
  • Italy - $9.2B

Source - https://atlas.media.mit.edu


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