International Business Digest
Center for International Business Education
I S S U E | 1 VOLUME | 12
SEPTEMBER | 2015
Latest U.S. Merchandise Trade Sta s cs
Latest U.S.
Merchandise Trade
Statistics
Page 1 Editor’s Note
Page 2 Global Trade and
Business: Current
News & Events
Page 4 Contact Information
Page 6 This sec on features selected sta s cs on U.S. merchandise trade with major
geographical regions. The top 3 regional markets for U.S. merchandise exports
are North America, Asia and Europe (in order), and the top 3 regional sources of
U.S. merchandise imports are Asia, North America and Europe (in order). Data
reported in the tables below are collected from the website of the Office of
Trade and Industry Informa on (OTII), Manufacturing and Services, Interna onal
Trade Administra on, U.S. Department of Commerce (h p://tse.export.gov).
Table 1: Total U.S. Merchandise Exports (Billions of $)
Region
1. North America
2. Asia
3. Europe
4. South America
5. Middle East
6. Africa
7. Central America
8. Oceania & Australia
9. Caribbean
World
2010
412.93
338.68
285.59
92.57
48.68
28.34
24.03
25.32
21.97
1,278.49
2011
479.59
380.71
329.47
114.81
58.53
32.88
31.45
32.09
22.75
1,482.51
2012
508.54
386.99
329.18
127.66
69.58
32.73
33.02
35.45
22.51
1,545.82
2013
526.84
402.00
326.48
127.45
73.29
35.24
33.29
30.04
23.62
1,578.44
2014
552.68
407.16
333.29
125.14
73.74
38.08
33.91
31.56
24.97
1,620.53
Table 2: Total U.S. Merchandise Imports (Billions of $) Region
1. Asia
2. North America
3. Europe
4. South America
5. Middle East
6. Africa
7. Central America
8. Oceania & Australia
9. Caribbean
World
(Con nued on page 2.) 2010
721.63
507.63
381.88
97.31
74.50
85.01
20.87
11.78
13.24
1,913.86
2011
796.22
578.21
448.60
129.95
103.76
93.01
25.00
13.87
19.34
2,207.95
2012
849.74
601.86
455.83
128.15
116.75
66.82
27.22
13.47
16.42
2,276.27
2013
865.58
613.12
460.71
118.63
107.17
50.06
26.45
13.21
13.44
2,268.37
2014
910.93
641.88
491.19
113.27
103.30
34.59
24.39
15.11
13.04
2,347.69
Editor’s Note
Gree ngs. It gives us great pleasure to bring to you the 45th issue of the Prairie View Interna onal Business Digest, an electronic quarterly newsle er produced by the
Center for Interna onal Business Educa on.
This issue features two sec ons. The first sec on (Latest U.S. Merchandise Trade Sta s cs) presents up‐to‐date sta s cs on U.S. merchandise trade with major
geographical regions. The second sec on highlights current global business/trade
news and events. Please note that all URL links are ac ve and you can go directly to
a sec on from the Table of Contents on the first page.
We hope you con nue to find this e‐newsle er a valuable channel for important
informa on rela ng to interna onal business. We believe our efforts will inspire
greater number of local firms to seek out new global business opportuni es. Should
you have any ques ons or sugges ons, please feel free to contact us.
Dr. Rahim Quazi
Editor
Thank you for your support,
Rahim Quazi, Ph.D.
Editor, Prairie View Interna onal Business Digest
Center for Interna onal Business Educa on
Prairie View A&M University
E‐mail | rmquazi@pvamu.edu
Phone | (936) 261‐9225
Fax| (936) 261‐9226
Latest U.S. Merchandise Trade Sta s cs
(Con nued from page 1.) Table 3: Top 5 U.S. Merchandise Export Markets (Billions of $)
Country
1. Canada
2. Mexico
3. China
4. Japan
5. U.K.
2010
249.26
163.66
91.91
60.47
48.41
2011
281.29
198.29
104.12
65.80
56.03
2012
292.65
215.88
110.52
69.98
54.86
2013
300.75
226.07
121.72
65.22
47.35
2014
312.42
240.25
123.68
66.83
53.82
EMBA (Con nued on page 3.) Trip to China
(Con nued from page 1).
Prairie View InternaƟonal Business Digest
Page 2
Volume 12| Issue 1
Latest U.S. Merchandise Trade Sta s cs
(Con nued from page 2.) Table 4: Top 5 U.S. Merchandise Export Items to Canada (Billions of $)
Export Item
1. Transporta on Equipment
2. Machinery, Except Electrical
3. Chemicals
4. Computer and Electronic Products
5. Oil & Gas
Total Merchandise Exports to Canada
2010
53.77
26.99
26.74
25.63
5.58
249.26
2011
57.45
30.13
29.97
27.75
6.57
281.29
2012
61.54
32.93
29.75
28.71
6.13
292.65
2013
64.32
31.11
30.24
27.99
9.64
300.75
2014
65.10
32.53
30.82
27.76
16.92
312.42
Table 5: Top 5 U.S. Merchandise Export Items to Mexico (Billions of $)
Export Item
1. Computer and Electronic Products
2. Transporta on Equipment
3. Chemicals
4. Machinery, Except Electrical
5. Petroleum & Coal Products
Total Merchandise Exports to Mexico
2010
32.96
19.61
18.23
12.98
11.99
163.66
2011
35.23
23.87
21.54
14.73
20.32
198.29
2012
36.61
27.75
23.59
17.72
20.67
215.88
2013
38.62
30.08
24.09
18.84
19.32
226.07
2014
40.50
30.73
24.92
21.20
19.05
240.25
Table 6: Top 5 U.S. Merchandise Export Items to China (Billions of $)
Export Item
1. Transporta on Equipment
2. Agricultural Products
3. Computer and Electronic Products
4. Chemicals
5. Machinery, Except Electrical
Total Merchandise Exports to China
2010
10.62
13.82
15.24
11.80
9.30
91.91
2011
12.30
14.69
13.63
13.59
10.37
104.12
2012
15.09
20.72
13.92
12.94
9.43
110.52
2013
22.56
18.90
16.02
13.90
9.50
121.72
2014
26.47
18.29
16.34
13.80
9.69
123.68
Table 7: Total U.S. Merchandise Trade Balance (Billions of $)
Region
1. Oceania & Australia
2. Caribbean
3. South America
4. Central America
5. Africa
6. Middle East
7. North America
8. Europe
9. Asia
World
Prairie View InternaƟonal Business Digest
2010
13.54
8.73
‐4.74
3.16
‐56.67
‐25.82
‐94.70
‐96.29
‐382.95
‐635.36
2011
18.22
3.41
‐15.14
6.46
‐60.13
‐45.24
‐98.62
‐119.13
‐415.50
‐725.45
Page 3
2012
21.98
6.09
‐0.49
5.80
‐34.09
‐47.18
‐93.32
‐126.65
‐462.75
‐730.45
2013
16.82
10.18
8.82
6.84
‐14.82
‐33.88
‐86.28
‐134.23
‐463.58
‐689.93
2014
16.45
11.94
11.87
9.52
3.49
‐29.55
‐89.20
‐157.90
‐503.78
‐727.15
Volume 12| Issue 1
Global Trade & Business:
Current News and Events
The Trans‐Pacific Partnership (TPP)
The Trans‐Pacific Partnership (TPP) is a soon‐to‐be formed trade
bloc between Australia, Brunei, Canada, Chile, Japan, Malaysia,
Mexico, New Zealand, Peru, Singapore, U.S. and Vietnam. These
countries together account for nearly 40% of the global GDP and
one‐third of world trade. The TPP deals with many areas ranging
from financial services and telecommunica ons to sanitary
standards for food, etc. Many TPP provisions are similar to those of
previous trade agreements such as the 1994 Uruguay Round of the
GATT and the 1994 North American Free Trade Agreement
(NAFTA). According to U.S. proponents of the agreement, the TPP
will support domes cally produced exports, enforce fundamental
labor rights, and promote protec on of the environment.
Interna onal Visitors’ Favorite U.S. Des na ons
According to the 2014 Survey of Interna onal Air Travelers (SIAT), the top three most‐visited US states by overseas visitors
were New York, Florida and California. New York was the most visited state by overseas travelers for a 14th consecu ve
year. Hawaii, Nevada, Texas, Massachuse s, Illinois, New Jersey and Pennsylvania rounded out the top 10 most‐visited
states. The top 10 most popular ci es among overseas travelers were New York City, Miami, Los Angeles, Orlando, San
Francisco, Las Vegas, Honolulu, Washington, D.C., Boston and Chicago.
Historic Trade Agreement on Informa on and Communica on Technology
Forty seven countries have reached a historic agreement to eliminate tariffs on Informa on and Communica on
Technology (ICT). In this first tariff‐cu ng agreement at the WTO in 18 years, the par cipa ng countries agreed to expand
the scope of products that receive duty‐free treatment under the WTO Informa on Technology Agreement. As a result,
tariffs will be eliminated on roughly 200 ICT products that have a value of more $1 trillion in global trade.
Top Markets Series The Interna onal Trade Administra on's Top Markets Series is a collec on of 19 sector‐specific reports that are designed to
help U.S. exporters compare markets across borders. The reports provide a detailed assessment of the compe veness
landscape within a sector, as well as the opportuni es and challenges facing U.S. exporters in key markets. Readers can
download or view individual case studies within larger reports.
DISCOVER GLOBAL MARKETS
The U.S. Commercial Service is offering this na onal series of conferences to help U.S. businesses expand sales, penetrate
new markets, and boost their bo om line through exports.
Discover Global Markets: E‐Commerce Strategies: October 8‐9, Dallas/Ft. Worth, TX. The content will resonate with any company relying on e‐commerce and social media to drive business development,
build brand awareness, and maintain contact with customers and partners around the world. Cost: $395.
Discover Global Markets: Pacific Rim Consumers: October 29‐30, Orange County, CA. Hosted by the U.S. Commercial Service and the District Export Council of Southern California, this conference will focus
on what consumers are buying throughout Asia and the Pacific region and how to sell to them. Cost: $395.
(Con nued on page 4.) Prairie View InternaƟonal Business Digest
Page 4
Volume 12| Issue 1
Global Trade & Business: Current News and Events
(Con nued from page 4.) Export News from Tradeology (Interna onal Trade Administra on Blog)
Cloud Compu ng Exports Drive Growth at Home and Abroad
Six Reasons to Look South to Mexico and Central America’s Infrastructure Build‐Out
Update to Important Commerce Data Tool Helps Businesses Improve their Export Services and Stay Compliant
U.S. Innovators, Entrepreneurs and Businesses Capitalize on Emerging Markets in Africa
Women Impac ng Public Policy Partners with ITA to Help Women Entrepreneurs Explore Business Growth Opportuni es
Five Drivers of Export Opportunity: U.S. Building Products and Green Building
Understanding Renewable Energy Export Markets and the Opportunity for U.S. Companies
American Compe
veness and the Global Race for Export Success
U.S. Goods Exported to Trade Agreement Partners Supported 3.2 Million Jobs in 2014
Beyond the Border: U.S.‐Canada and U.S.‐Mexico Trade in Perspec ve
Export Success Series: Export Sales to Mexico Opening Doors to La n America
Sources:
Export News, U.S. Export Assistance Center, Houston
Export News, U.S. Export Assistance Center, Aus n
Tradeology, Interna onal Trade Administra on Blog
globalEDGE Newsle er, Michigan State University Interna onal Business Center
Prairie View InternaƟonal Business Digest
Page 5
Volume 12| Issue 1
Next Issue Available: December 2015
If you would like to receive an electronic version of this newsle er, contact
Dr. Rahim Quazi at 936‐261‐9225 or rmquazi@pvamu.edu
Visit our website!
PVAMU College of Business | www.pvamu.edu/business or
CIBE |h p://www.pvamu.edu/business/alumni‐friends/center‐for‐interna onal‐business‐educa on/
PVAMU College of Business
Vision and Mission Statements
Vision Statement
The Prairie View A&M University College of Business strives to be among the best regional business schools in the
na on by empowering students from diverse backgrounds to reach their full poten al.
Mission Statement
The Prairie View A&M University College of Business provides students from diverse academic and socioeconomic
backgrounds with educa on that helps them become business professionals and leaders who are ethical,
entrepreneurial, produc ve, and prepared to succeed in the global economy. The College achieves excellence through
quality teaching, research, service, and engagement with the business community.