for the countries in north america each import and export different products the united states exports to other countries on every continent why is this possible
Because sometimes we make products that other people in other nations want, or think they do. U.S. companies market abroad just as the do here. Trade agreements between nations, cheap shipping, and U.S. investments in foreign companies all make this possible, and desirable. We also import far more than we export, often because labor costs are cheaper overseas, so products imported from, say, China, are cheaper than domestic products. No television sets are manufactured in the U.S. anymore. The last brand to manufacture in the U.S. was Zenith, several years ago. Almost all computers and similar devices are manufactured in Asia.
Read some of these articles:
http://www.google.com/search?q=international+trade&oq=international+trade&aqs=chrome..69i57.3712j0j7&sourceid=chrome&es_sm=93&ie=UTF-8
thank you for the info it helped sooo much :)
Well, do read! And if I can help, you're more than welcome. That's why we're here.
BTW, my General Electric refrigerator was made in China. GE used to make most of it's home appliances in Kentucky, but not so much now. The impact on American jobs is not positive.
This is possible because the United States has a diverse economy and a strong manufacturing base. Here's an explanation on why the United States is able to export a wide range of products to countries on every continent:
1. Economic Diversity: The United States has a highly diversified economy, meaning it produces a wide range of goods and services. This diversity allows the U.S. to meet the varying demands and preferences of different countries. For example, the U.S. exports agricultural products like soybeans and corn, consumer goods like electronics and automobiles, industrial machinery, chemicals, and services such as financial and business services.
2. Technological Advancements: The United States has a technologically advanced manufacturing sector. It invests heavily in research and development, innovation, and automation, enabling the production of high-quality, sophisticated products. This technological advantage allows American companies to export advanced machinery, medical equipment, aerospace components, and other high-value goods to countries around the world.
3. Competitive Advantage: The U.S. enjoys a competitive advantage in several industries due to factors like abundant natural resources, skilled labor, and infrastructure. For instance, the U.S. is one of the world's largest producers of oil and natural gas, making it a significant exporter of energy products. Additionally, sectors such as pharmaceuticals, telecommunications, and entertainment are globally recognized for their quality and innovation.
4. Trade Agreements: The United States has established trade agreements with numerous countries and regions, creating favorable conditions for exports. These agreements reduce trade barriers such as tariffs and quotas, making it easier for U.S. companies to compete in foreign markets. Examples of such agreements include the North American Free Trade Agreement (NAFTA), now replaced by the United States-Mexico-Canada Agreement (USMCA), and various bilateral trade agreements.
5. Global Reach: The United States has built a robust distribution and logistics network, enabling efficient transportation of goods worldwide. It has well-developed ports, airports, highways, and trade routes that connect to various continents. This logistical advantage allows U.S. exporters to reach customers in different countries at competitive costs.
It is important to note that the specific nature of U.S. imports and exports can vary over time, depending on market demands, global economic conditions, and comparative advantages.