by Mike ‘Mish’ Shedlock
Mish Talk
This is a guest post by Yuka Kato at HowMuch. The post covers imports, exports and trade imbalances between the US and the rest of the world.
Visualizing U.S. Exports & Imports
The U.S. Census Bureau recently released its data on U.S. trade in goods by selected countries and world region for 2015. We built three maps to provide a proportional visualization of the trade that occurs between the U.S. and other countries. Exports are represented in green, imports are represented in red, and the balance (exports – imports) is represented by red or green depending on whether the U.S. has exported more or less goods than it has imported. For instance, if a country’s imports exceeds its exports, the country will experience a trade deficit, which represents an outflow of domestic currency to foreign markets. Based on the data, the U.S. exported over $1.5 trillion and imported over $2.2 trillion in goods throughout 2015. This leaves leaves the U.S. with a negative balance of $735 billion!