Topic Videos
Export Dependency on the United States Economy
- Level:
- A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 21 Mar 2021
This short video looks at evidence of the depth of trade dependency on the US economy.
The United States is the single largest export destination for one-fifth of the world’s countries. About 43 percent of total U.S. trade occurs within multinational firms (intra-firm trade), especially in the case of U.S. trade with advanced economies.
Mexico in particular has a very high trade dependency on the USA. Exports of goods and services account for 24% of annual Mexican GDP and just under 80% of their total exports.
You will find more statistics at Statista
You might also like
Measuring the Balance of Payments
Study Notes
Relevance of Keynesian Economics
17th October 2014
Transport Economics: Sustainable Transport in Mexico City
27th June 2013
Aggregate Demand and Aggregate Supply Lesson Resource
22nd January 2016
Aggregate Demand Glossary
5th May 2012
Balance of Payments - Current Account Deficits
Study Notes
Balance of Payments - Trade Imbalances
Study Notes
Balance of Payments - Policies to Improve Trade
Study Notes