Shifts in U.S. Merchandise Trade 2013 provides a comprehensive review of U.S. trade performance in 2013, focusing on changes in U.S. exports, imports, and trade balances of agricultural and manufacturing industries, key natural resources, as well as changes in U.S. trade with major partners and country groups. Also included are profiles of the U.S. industry and market for over 250 industry groups and subgroups.
The first three parts of the report examine:
- Industry developments and the principal drivers influencing trends in U.S. trade;
- Leading products the United States exported to and imported from significant trading partners and the key factors influencing trade in these products;
- Price fluctuations, global market trends, government trade policies, and other major factors affecting U.S. trade in 2013.
The 2013 report also includes a special topic chapter that provides an overview of the use of value added as an innovative method of analyzing trade flows, as well as a discussion of relevant data sources.
You can access the different sections of the study by following the links below. A link to Frequently Asked Questions is available at the bottom of this page.
Key Economic Events
In 2013, the U.S. trade deficit in the energy-related products sector fell by $55.9 billion (22 percent). The change in this sector was a major factor in the $30.1 billion (3 percent) decline in the overall U.S. merchandise trade deficit to $867.7 billion in 2013.
The changes in the U.S. trade balances with major trading partners were mixed. The U.S. trade deficits with Canada, China, and the European Union continued to increase. However, those with Japan and Mexico declined. Unsurprisingly, given the change in trade in energy-related products, the U.S. trade deficit with the Organization of Petroleum Exporting Countries (OPEC) declined by $31.5 billion (33 percent).
Part II: Country Shifts
This part of the report analyzes shifts in trade between the United States and four significant trading partners – Brazil, China, Vietnam, and OPEC.
Part III: Sector Shifts
This part of the report examines shifts in trade for the following 10 merchandise sectors:
Agricultural Products :: Chemicals and Related Products :: Electronic Products :: Energy and Related Products :: Footwear :: Forest Products :: Machinery :: Minerals and Metals :: Textiles and Apparel :: Transportation Equipment