UnitedStates

     

The U.S. is the world's largest importer and second-largest exporter of goods, as well as the largest importer and exporter of commercial services. Nevertheless, trade represents only 25% of the country’s GDP in 2021 (World Bank). U.S. top exports in 2021 were refined petroleum oils and gases, followed by cars, electronic integrated circuits, biological products and automotive parts and accessories. Main U.S. imports in the same year included cars, petroleum oils, automatic data processing machines, phone system devices, medicaments, and automobile parts. The U.S. signed 14 reciprocal free trade agreements, 5 preferential trade programs, 51 trade and investment framework agreements, and 48 bilateral investment treaties (LOC). In volume, exports of goods and services increased by 5.7% in 2022, and are expected to grow at a slower pace in 2023 (1.8% - IMF data). Imports’ volume increased by 9% in 2022, and is expected to contract by -1.2% in 2023 (IMF).

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