Premium Essay

Us Imports and Exports Analysis

In:

Submitted By musman11
Words 4056
Pages 17
U.S. Trade Analysis with other Countries

Abstract
Purpose- This paper presents the analysis of U.S. imports and exports by managing the trade balance. It also presents the leading U.S. imports and exports in terms of value along with the important partners.
Design/methodology/approach- The author explains the balance of trade including the rise and fall of U.S. trade deficit using the analysis between different countries imports and exports.
Research limitations/implications- The study is limited to analysis of imports, exports, trade surplus and deficit of U.S. trading.
Originality/value- This paper will help to build up the understanding about the basic imports, exports and importance of balancing the trade cycle for a country.
Keywords- Deficit, Import, Export, Surplus, Economy

Introduction

Every country has to follow a set of policies, methods and processes in order to perform imports and exports. A number of conflicts arise due to weak foreign trading policies by countries. It requires professional expertise to manage the trade of a country. There are also a number of conflicts generated between the different countries related to financial decisions of countries. To eliminate the risk involved in financial issues a system of principles, procedures, policies, responsibilities, accountabilities are used by stakeholders. Many of the famous financial scandals are noted in the history occurring at Parmalat, Nortel, and Enron. It has cost a lot of drop in the market, huge loss of saving, loss of jobs and decrease in taxes. The financial scandals have made corporations to learn and practice new methods. The imports and exports must be managed effectively in order to manage a nation. A nation work on the same principles like an organization but a very huge level. There are a number of departments involved combined together to create a nation. A nation

Similar Documents

Premium Essay

Credit Risk Anaysis of Navana Cng Ltd

...Commercial Bank Management F-402 the report is on a “Analysis of Credit Risk Grading of Navana CNG Ltd.””, which is assigned to us by our honorable course instructor, Md. Sajib Hossain, Lecturer, Department of Finance, University of Dhaka. We were assigned by our honorable course instructor to collect data of our country’s foreign trade, export and import, top five imported goods, top five exported goods, top five import and export destination and trade of balance from the year 1990 to the year 2012, as per instruction we have collected the data from Bangladesh bank library. In this report we have included the yearly export and import which indicates the total amount of import and export of the country per year. And from those import and export payment receipts we have calculated the trade balance which is the result of the difference between the payment of import and export receipts. We have found out the major import and export goods to understand the foreign trade composition. Among them we have specifies the top five goods that are imported for the consumption and top five goods that are exported to other foreign nations to utilize the excess supply. We have also outlined the top five export destinations and top 5 import destinations to figure out the performance of foreign trade. From the analysis we have found out that our most preferred export countries are USA, Germany, UK, France and Japan. And preferred import countries are The report also comprises the Foreign...

Words: 4348 - Pages: 18

Premium Essay

Business Methods

...MBA degree and Dr.M.Khairul Hossain, Professor of Finance Department at Faculty of Business Studies, University of Dhaka, who is also the Honorable course teacher of this course. He has asked us to make a term paper regarding to our course. Our topic is to prepare a report on “Trend of export of commodities from Bangladesh: An Analysis of sector wise contribution to GDP.” provided by the honorable course teacher. This is a group task. Objectives The objectives of this report are: * To fulfill the partial requirement of MBA degree. * To be able to use theoretical knowledge into practice to know the practical aspect in Bangladesh. * To develop our skill in using analytical tools and techniques. * To develop our interpersonal views and concept through sharing among every member of the group that is reflected in this report. The main objective of the study is to pinpoint the major aspects of export of Bangladesh and also examining the ways and means to overcome problems, thereby highlighting the prospects of on this issue. To achieve the main objective, the study highlights the following specific objectives. 1. To examine the trend of export of Bangladesh over years. 2. To examine the sector wise export’s trend. 3. To find out the major problems hindering in exports. 4. To highlight the prospects of removing the problems involved therein. Methodology Research type: This is basically an explanatory/descriptive research because it will try going insight...

Words: 3028 - Pages: 13

Premium Essay

Angola Trade Study

...1 The Impact of China-Africa Trade Relations: The Case of Angola By Dr Ron Sandrey Associate Trade Law Centre of Southern Africa Prepared for the African Economic Research Consortium Nairobi, Kenya November 2009 2 Acknowledgements The author would like to thank Hannah Edinger, Research Fellow, China Africa Network, Centre for Business and Academic Research, Gordon Institute of Business Science, University of Pretoria; and Senior Manager & Head of Research at Frontier Advisory, for comments on a previous draft, and for research and editorial assistance. The author would also like to express gratitude to the African Economic Research Consortium for commissioning the research paper. 3 Table of Contents 1. Introduction……………………………………………………………………. 4 1.1 Problem Statement…………………………………………………………………... 4 1.2 Objectives of Report……………………………………………………………….… 5 1.3 Overview of Report……………………………………………………………….….. 7 2. Background………………………………………………………………….… 9 2.1 Angola & China Country Snapshots and the background trading relationship………………………………………………………………………….… 9 2.1.1 2.1.2 2.1.3 2.1.4 2.1.5 2.1.6 2.1.7 2.2.1 2.2.2 2.2.3 Angola – A Country Snapshot………………………………………………………….…. China – A Country Snapshot……………………………………………………………… Angola’s trade profile………………………………………………………………………. Angola’s trade profile with China…………………………………………………………. Angola’s other trade partners……………………………………………………………… Who are the gainers and losers from Angola’s increasing merchandise trade flows...

Words: 27003 - Pages: 109

Free Essay

Exchange Rate Volatility and Rwanda’s Balance of Trade

...not suggest an indubitable comprehensive image of the trade impacts of exchange rate volatility in Rwanda. The review of the theoretical literature on this issue indicates that there is no clear-cut relationship between exchange rate volatility and balance of trade. This study examines the effect of exchange rate volatility and balance of trade sector in Rwanda The analysis followed the empirical methods (econometrics and time series analysis). The researchers used UBJ time series analysis to accomplish all stages (stationarity, identification, estimation, diagnostic checking and forecasting) of the models and models validation was of good quality and can be used in forecasting for future values. Polynomial regression model helped to establish the effects of exchange rate on balance of trade. The results revealed a positive quadratic relationship between exchange rate and balance of trade components and by polynomial regression model estimation, exports and imports will increase as exchange rate increases. The researchers recommended improving strategies and techniques for maintaining the quality of Rwandan exports, decreasing the...

Words: 8780 - Pages: 36

Free Essay

Economic Growth & External Sector Behavior

...Executive Summary The report entitled “Analysis of Economic Growth and External Sector Behavior” mainly focuses on the study of the structure of the external sector of Bangladesh and its impact on GDP. It involves economic models developed to determine the impact of each sector-Export, Import, Foreign Aid and Remittance, on GDP of Bangladesh. It also involves an analysis of the behavior of these factors in three SAARC countries and the application of the regression model developed. The economic model was developed based on the past behavior of GDP and the external sector. It indicated that Remittance is the sector having the most significant impact on GDP and aid the second most significant. While imports negatively affect economic growth, exports have played a very important role over the period. The remittance of Bangladesh has been increasing over the last few years. Hence, its impact on GDP has also been rising. In the span of 34 years export as percentage of GDP increased from 2.2% to 15.4%. Hence, performance was moderately good. The economy has been suffering from ever increasing trade deficits, despite several export promotional measures. Large import payments mainly account for this problem. Foreign aid shows large fluctuations over the period Finally, an analysis was conducted on the behavior of the external sectors in the SAARC countries using the regression model. Export was found to be the dominant sector in India, while imports had the minimum impact on GDP. Pakistan...

Words: 12238 - Pages: 49

Premium Essay

Froeign Exchange Performance Analysis of Islami Bank Bangladesh Ltd.

...Foreign Exchange Performance Analysis of Islamic Bank Bangladesh Ltd. A Report On Foreign Exchange Performance Analysis of Islamic Bank Bangladesh Ltd. Prepared For: The Chairman Fourth Year Examination Committee 2013 Prepared By Md. Wasiul Islam Exam ID: 100214 BBA Program, Session: 2009-10 Dept. of Finance & Banking Jahangirnagar University Savar, Dhaka – 1342 October 10, 2013 October 10, 2013 The Chairman Exam Committee Fourth Year Exam Committee 2013 Department of Finance & Banking Jahangirnagar University Savar, Dhaka-1342 Through: Mr. MD. Tarikul Islam, Thesis Supervisor Subject: Submission of the internship report/bachelor thesis Dear Sir: It is my pleasure to submit the Internship Report on “Analysis on Foreign Exchange Operation of Islamic Bank Bangladesh Ltd.” as approved by my internal supervisor, Mr. Md. Tarikul Islam and my external supervisor, Md. Hedayet Ullah, Course coordinator of Internship Program of IBBL. I expect your kind acceptance of the report my report. Thank you for giving me the opportunity to do such type of work. I tried my best to make it understandable, relevant and reliable. I also expect your cordial suggestions that will be a positive feedback for me to make better in future. Sincerely yours, MD. Wasiul Islam Exam ID: 100214 BBA Program, Session: 2009-10 Acknowledgement First of all I would like to thank the Almighty who gave me patience. In preparing this internship report...

Words: 10400 - Pages: 42

Premium Essay

Law Paper

...Leontief received a Nobel prize in 1973 for his contribution to | | |the input-output analysis. Three of his students, Paul Samuelson, Robert| | |Solow and Vernon Smith are also recipients. | | |The Heckscher-Ohlin theory states that each country exports the | | |commodity which uses its abundant factor intensively. The HO theory was | | |generally accepted on the basis of casual empiricism. Moreover, there | | |wasn't any technique to test the HO theory until the input-output | | |analysis was invented. | | The first Empirical Test of the HO theory |The first serious attempt to test the theory was made by Professor | | |Wassily W. Leontief in 1954. | | |          Result: Leontief reached a paradoxical conclusion that the | | |US—the most capital abundant country in the world by any | | |criterion—exported...

Words: 3401 - Pages: 14

Premium Essay

Econ

...Note: To avoid ambiguities throughout your analysis, it is important to ensure that the description and corresponding trade classification, or tariff code is correct. 4-digit HS: 0702 6-digit HS: 070200 Note: In the selection menu of Trade Map, click on Advanced Search. You can search by keyword the corresponding HS code of the product using one or several keywords through the HS label at 2,4,6 digits level of the Harmonized system and at the national tariff line level. Provide the national tariff line code of the product (NTL) for Vietnam (indicate if several): NTL code: 07101000 NTL code: 20041000 NTL code: 07019000 Provide the national tariff line code of the product (NTL) for USA (indicate if several): NTL code: 0701100000 NTL code: 0701100020 NTL code: 0701100040 ANALYZE WORLD TRADE FOR YOUR SELECTED PRODUCT How much in total of this product is imported in the world? US$: 5,004,474 ...

Words: 2732 - Pages: 11

Premium Essay

Analysis on the Growth of Balance of Payment and Sectoral Growth in Bangladesh

...Bangladesh in a number of ways. Firstly, it supplements domestic investment which is low due to lack of resources in these countries. Secondly, FDI is expected to generate employment, transfer, increase domestic competition and bring other positive externalities such as transfer of good practices. Bangladesh offers attractive investment opportunities to foreign investors and has adopted policies to attract FDI into the country. In fact Bangladesh seems to offer one of the most liberal FDI regimes in South Asia. The economic model was developed based on the past behavior of GDP and the external sector. It indicated that FDI is the sector having the most significant impact on GDP and aid the second most significant. While imports negatively affect economic growth, exports have played a very important role over the period. During the 1990s, notable progress was made in economic performance. Along with maintaining economic stabilization with a significantly reduced and declining dependence on foreign aid, the economy appeared to begin a transition from stabilization to growth. In the 1980s, per capita GDP had grown slowly at the rate of about 1.6 per cent per...

Words: 9177 - Pages: 37

Free Essay

Analysis of the Factors Influencing the Quantity Imported of Common Wheat

...Managerial Economics Analysis of the factors influencing the quantity imported of common wheat Contents Introduction 3 Literature revue 3 Panos Konandreas, Peter Bushnell and Richard Green (1978) 4 Won W. Koo (1984) 5 Daniela Kopp and Iain Wallace (1990) 6 Franqois Ortalo-Magne and Barry K. Goodwin (1990) 7 William W. Wilson (1994) 10 James N. Barnes and Dennis A. Shields (1998) 11 S. D. Rozelle and J. Huang (1998) 14 Samarendu Mohanty and E. Wesley F. Peterson(1999) 15 M. Uzunoz and Y. Akcay (2009) 16 L. J. S. Baiyegunhi and A. M Sikhosana (2012) 18 Methodology and results 18 Explanation of coefficients: 27 Elasticity Analysis : 30 Conclusion 32 References 33 Appendices 35 Introduction Food habits vary in finction of countries and regions. In Morocco, the wheat production have reached 3400 million metric tons in 2012 ("Index mundi," ), which makes Morocco wheat production ranked in the 24th place, excluding EU. All over the world, people consumption of wheat has increased in the majority of countries. Wheat is more and more used in every meal. Due to its importance in the Moroccan alimentation, we decided to to conduct a study related to the imported quantity of common wheat. The objective of this study is to determine the factors influencing the quantity demanded of common wheat in Morocco...

Words: 7997 - Pages: 32

Premium Essay

Ikea: a Long March to the Far East

...Economics 31 (2009) 882–887 Contents lists available at ScienceDirect Energy Economics j o u r n a l h o m e p a g e : w w w. e l s ev i e r. c o m / l o c a t e / e n e c o Economic impacts of higher oil and gas prices The role of international trade for Germany Christian Lutz a,⁎, Bernd Meyer a,b a b Institute for Economic Structures Research (GWS), Osnabrueck, Germany University of Osnabrueck, Germany a r t i c l e i n f o a b s t r a c t The analysis concentrates on direct and indirect price increases, induced shifts in international trade and structural changes in the oil importing economies. The paper at hand asks, whether a stabilizing effect via international trade and domestic structural change on the GDP of oil importing countries can be observed, if a permanent oil price increase occurs. At least for Germany, structural change from consumer goods to investment goods industry and an improvement of international competitiveness limit negative impacts of increased energy prices. Analysis is based on the extensive and disaggregated global GINFORS model and the detailed INFORGE model for the German economy. © 2009 Elsevier B.V. All rights reserved. Article history: Received 15 July 2008 Received in revised form 13 January 2009 Accepted 27 May 2009 Available online 6 June 2009 JEL classification: Q43 C53 C67 F17 Keywords: Global modelling Energy prices and the macro economy International trade 1. Introduction Oil price shocks have negative impacts...

Words: 5593 - Pages: 23

Premium Essay

Finance

...Trade surplus Content Standards Standard 5: Students will understand that: Voluntary exchange occurs only when all participating parties expect to gain. This is true for trade among individuals or organizations within a nation, and among individuals or organizations in different nations. • Students will be able to use this knowledge to: Negotiate exchanges and identify the gains to themselves and others. Compare the benefits and costs of policies that alter trade barriers between nations, such as tariffs and quotas. Benchmarks, Grade 12: At the completion of grade 12, students will know • A nation pays for its imports with its exports. Lesson Overview Balance of payments accounting is an often misused and misunderstood tool for keeping track of our economy’s flow of imports and exports. While the data, itself, is neutral, it is sometimes reported in ominous tones, especially when the numbers total up to a deficit in the merchandise account. As students learn more about trade, they appreciate that a trade deficit is not necessarily bad any more than a trade surplus is necessarily good. This lesson reinforces their appreciation of that reality by identifying the components of the balance of trade. Learning about the flow of financial assets captured in the capital account should add a whole new dimension to their understanding of the full scope of trade. The accompanying classroom activity allows students to explore balance of...

Words: 2272 - Pages: 10

Premium Essay

Australian Economy Analysis

...Analysis of the Economy Export, Import and Production In recent years, Australia has been a net exporter of goods and net importers of services (See appendix 1). The country, rich in natural resources, is a major exporter of commodities. Iron-ore and gold account for 28% of total commodities exports (81 Billion US$ in 2013). Coal represent 18% or 38 Billion US$ and oil and gas for 9 percent. Manufactured goods constitute 33 percent of the total exports with food and metal products and machinery and equipment accounting. Agricultural products, particularly wheat and wool make up 5 percent of trade outflows Australia is a major importer of machinery and transport equipment, computers and office machines and telecommunication. Main import partners are China (15 percent of total imports), United States (13 percent of total imports), Japan (8 percent of total imports) and Singapore (7 percent of total imports). Trading Partners Trade with the Asia-Pacific region has become increasingly important for Australia. Of Australia's top sixteen major trading partners (representing around 80 per cent of merchandise exports); countries from the Asia-Pacific region are the destination for around 89 per cent of this trade. China is the most important trade partner of Australia, the country export Iron ore and gold as well as oil and many raw materials. China is also Australia’s largest source of imports. Major imports from China are mostly finished goods that include clothing, communications...

Words: 934 - Pages: 4

Premium Essay

Forex and Exchange Rates

...balance, inflation and the national product. Fundamental analysis is based on the observation and evaluation of these economic data, as has been proved in the past, has influenced exchange rates. Taking into account these correlations optimal analysis can be done to give an indication of the long-term trend of exchange rates; * technical factors. historical rate fluctuations and volumes are examined and analyzed. Some models, which are expected to repeat themselves over time, can be used as a predictive criterion for short-term trends (technical analysis); * expectations. activities of financial operators are not the only based on known economic data, but also on their expectations of future trends; * political events / psychological factors, such as elections, political tensions, etc. Fundamental analysis is based on the study of the economy. It is based on the assumption that the supply and demand of currencies is the result of economic processes that can be observed in practice and can be predictable. Fundamental analysis studies the relationship between the evolution of exchange rates and economic indicators, a relationship that exists and is used to make predictions. Up to this point, none of the theories views ahead serves all the exchange rate forecast requirements. This is why there are many factors of parallel evaluation, valid for part of the study area, but can also be mutually exclusive. Analysis of the balance of payments This...

Words: 764 - Pages: 4

Free Essay

Balance of Payment

...payments, and it contains the rules about which transactions are allowed. A favorable balance of payments usually implies a surplus which means that more funds are flowing in than leaving. Every transaction is recorded twice, once as a credit and once as a debit. A key point to remember about the balance of payments account is that the value of all the transactions must sum to zero. The balance of payments account consists of the following components: • Current Account • Capital Account Current Account The Current Account includes all transactions which give rise to or use up national income. The current account has four components: • The balance on goods, which records exports and imports of physical, relocatable merchandise. The export of betel nut, for example, brings in a credit, while the import of cars creates a debit. • The balance on services, which records transactions relating to the provision of non-physical items such as transport, travel and insurance. • The balance on investment income, which records dividends and interest payments that Nepalese earn on assets held overseas, and also payments to foreign residents on assets held in Nepal. • The balance on current transfers, which records transactions relating to the provision of goods, services, cash or other items of value between residents and non-residents that are intended to be used for consumption in the short term and for which there is no payment. A good example is the money that immigrants may send...

Words: 2353 - Pages: 10