International Trade

JAN 20, 2014

Course: Macroeconomics: ECO 201

Instructor: Brianne Christiano

Argosy University Online

Student: Tamara Miller

International Trade

Page 1

According to the U.S. government, and the U.S. Census Bureau, the U.S. is in millions of dollars worth of debt owed to China. This information is taken from the trade Data Analysis import/export data supplied by the U.S. government. Information was also retrieved from the Foreign Trade data by the U.S. Department of Commerce. According to this documentation, the U.S. is currently indebted to China in an amount over $293million. I researched this data over a five year period from the years 2009 thru 2013. The data was as follows: In 2009 the U.S. imported 296,373.9 million dollars in goods from China. They only exported 69,496.7, leaving a balance owed of -226,877.2. In 2010, the U.S. imported 364,952.6 million dollars in goods from China. They only exported 91,911.1, leaving a balance of -273,041.6 owed to China. In 2011, the U.S. imported 399,378.9 million dollars worth of goods from China. They only exported 103,986.5, leaving a balance of -295,392.4 owed to China. In 2012, the U.S. imported 425,578.9 million dollars in goods from China. They only exported 110,483.6, leaving a balance of -315,095.3 owed to China. In 2013, the U.S. imported 402,876.6 million dollars in goods from China. They only exported 108,933.4, leaving a balance of -293,943.1 owed to China.

Page 2

Below are two graphs I gathered from www.tradingeconomics.com/china/gdp. I also have a graph I created.

Page 3

2009 2010 2011 2012 2013

Export 69,496.70 91,911.10 103,986.50 110,483.60 108,933.40

Import 296,373.90 364,952.60 399,378.90 425,578.90 402,876.60...