Quick Answer: Which Of The Following Countries Is The World’s Leading Exporter Quizlet?

Which of the following countries is the worlds leading exporter?

China has been the largest exporter of goods in the world since 2009, and total Chinese exports amounted to $2.641 trillion in 2019. China’s exports and economy grew dramatically following the opening of the country under Deng Xiaoping.

What are the leading exports of the United States quizlet?

U.S. exports cars, car parts, computers, agricultural products, and financial and travel services. Each country could try to produce both outputs on their own. They could specialize and trade. 1.

Which country is the world’s largest exporter of services quizlet?

For example, the United States is the world’s largest exporter of services and retailing.

What 5 countries do we import the most from?

The top five suppliers of U.S. goods imports in 2019 were: China ($452 billion), Mexico ($358 billion), Canada ($319 billion), Japan ($144 billion), and Germany ($128 billion). U.S. goods imports from the European Union 27 were $515 billion. The United States is the largest services exporter in the world.

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What are China’s top 5 exports?

Exports: The top exports of China are Broadcasting Equipment ($208B), Computers ($141B), Integrated Circuits ($108B), Office Machine Parts ($82.7B), and Telephones ($54.8B), exporting mostly to United States ($429B), Hong Kong ($268B), Japan ($152B), South Korea ($108B), and Germany ($96.9B).

What is America’s top import?

Minerals, fuels, and oil – $189.9 billion. Electrical machinery and equipment – $176.1 billion. Aircraft and spacecraft – $139.1 billion. Vehicles and automobiles – $130.6 billion.

Which of the following products is a leading export of the United States?

United States Top 10 Exports America’s biggest export products by value in 2020 were refined petroleum oil, crude oil, cars, electronic integrated circuits and petroleum gases.

What is US biggest export industry?

Services are the biggest US export, with total foreign sales of $778 billion last year. These are the service industries that bring in the most money: Travel and transportation: $236 billion.

Which country had the highest value of total exports in 2009 quizlet?

Singapore and Thailand have a higher value of total reserves in foreign exchange and gold (2009) than all of the other countries of Southeast Asia combined. Singapore ranks first in total exports as well as in total reserves in foreign exchange and gold.

What is an infant industry quizlet?

What is an infant industry? a developing domestic industry that needs tariff protection. In recent years, many countries have formed customs unions that abolished tariffs and trade restrictions among its members, as well as adopted uniform tariffs for nonmember countries.

When a nation’s currency appreciates what is the most likely result?

When a nation’s currency appreciates, which is the most likely result? Its exports will decrease and its imports will increase.

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Who is the largest importer in the global market today?

The United States takes home the number one spot with $2,409 billion of imports in 2017, about 13.4% of the global total. It’s worth mentioning that this is $860 billion higher than the country’s exports in 2017, and that the difference between the two numbers is the hotly-debated trade deficit.

Which country exports the most 2020?

The value of exports of China amounted to almost 2.6 trillion U.S. dollars in 2020, which placed this country on place one in the ranking of countries with highest exports globally. The value of goods exported from China almost doubled between 2009 and 2014.

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