The trade partnerships of the United States are a vital part of its economic prosperity and growth. Here are some of these trade relationships quantified in U.S. dollars, showing the amount of goods exchanged internationally throughout most of 2009.
Trade Partners That Have a Deficit of Goods Exchanged
The U.S. has a deficit of $21.2 billion in its trade with Mexico. The U.S. has a deficit of $6.1 billion in its trade with Russia. The U.S. has a deficit of $8.6 billion in its trade with Canada. The U.S. has a deficit of $6.6 billion in its trade with Italy. The U.S. has a deficit in its trade with Germany that represents $11.5 billion. The U.S. has a deficit of $103.1 billion in its trade with China. The U.S. has a deficit in its trade with Japan worth $18 billion. The U.S. has a deficit of $7.1 billion in its trade with Venezuela. The U.S. has a deficit in its trade with Ireland of $10.6 billion. The U.S. has a deficit of $4.6 billion in its trade with Nigeria.
Military spending by various countries all over the world can be measured as each countrys spending percentage of that countrys gross domestic product. A countrys GDP is a total of the value of the services provided in a country and the products that are made there. It does not include the value of items that are imported into that country, but it does include items that are made in a country and exported out of it. The GDP of a country is often considered to be a good indicator of that countrys standard of living.
In general, the Middle East has the highest amount of military spending when compared to the GDP of the countries in that region. Africa is a mixture of countries that spend little and countries that spend nearly as much as the Middle East when compared to their own GDPs. Europe and the Americas spend in the mid range with Mexico and most Central American countries spending the least of these countries when compared to its GDP. Australasia and East Asia are also in the mid-range with Japan spending little compared to its GDP.
Since federal limitations on domestic oil production in the 1980s, there has been a steady decline in US production. By 1994, the US was importing more than its total domestic production. Restrictions on supply help to drive up prices and unnecessarily contribute to US reliance on foreign oil.
As much as 66 percent of all US crude oil is imported from other countries, and the amount of oil imported from OPEC nations is roughly equal to the amount of oil produced domestically. Petroleum, natural gas and coal are the primary sources of energy consumed in the United States because they are the most energy rich resources available. So far, renewables have only been capable of providing a small portion of total energy consumption, and their contribution to energy consumption has remained limited over the last two decades. However, with increasing government and private focus on green energy sources, renewables are likely to go from strength to strength in the near future.