The United States is a country of 50 states covering a vast swath of North America, with Alaska in the northwest and Hawaii extending the nation’s presence into the Pacific Ocean. Major Atlantic Coast cities are New York, a global finance and culture center, and capital Washington, DC. Midwestern metropolis Chicago is known for influential architecture and on the west coast, Los Angeles' Hollywood is famed for filmmaking.
Capital City | Washington, D.C. |
Exports rank Imports Rank |
2 2 |
Currency | United States Dollar |
Total exports | $1,471,000 M |
Worldwide share in export(2015) | 19.3 |
Trade Organisations | WTO, OECD and others. |
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The United States supports trade liberalization and was instrumental in the creation of the General Agreement on Tariffs and Trade (GATT), an international code of tariff and trade rules. One other principle the United States traditionally has followed in the trade arena is multilateralism. Despite its commitment to multilateralism, the United States in recent years also has pursued regional and bilateral trade agreements. The emergence of electronic commerce also is opening a whole new set of trade issues. In 1998, ministers of the World Trade Organization issued a declaration that countries should not interfere with electronic commerce by imposing duties on electronic transmissions, but many issues remain unresolved. The United States would like to make the Internet a tariff-free zone, ensure competitive telecommunications markets around the world, and establish global protections for intellectual property in digital products. Gary Cohn, the director of the National Economic Council departure came in the wake of losing the policy argument over sweeping new taxes on imported steel and aluminum.
Top Ports | Port of Los Angeles, Port of Virginia, Port of Seattle-Tacoma, Georgia Ports, Port of New York & New Jersey, Port of Long Beach. |
Top export Commodities | Agricultural Products(10.7%), Fuels and Mining Products(9.4%), Manufacturers(74.8%), Others(5.1%). |
Top export Partners | Union (18.7%), Canada (18.3%), Mexico (15.9%), China (8%), Japan (4.4%), Others (34.8%). |