Jun 24, 20241 min read

U.S. Exports Increasingly Rely on Resource-Based Goods

Resource-based goods exports increased by 300%, from $219 billion in 2000 to $880 billion in 2023. During this period, their share of total exports rose from 28% to 43%, driven by increased fuel exports.

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China's Trade Dependence on the U.S. Declines Sharply, Outpacing the U.S. Shift Away from China

U.S. Trade Balance November 2024 (TTM): $879B Total Deficit, with $292B Services Surplus and $1,171B Goods Deficit

U.S. Trade Deficit Shifts: 28% Decline with China but 96% Surge with Rest of World