United States Industry

The topic for today is the industry of our country. Therefore here are some facts I have found from random sources but mostly the CIA Fact Book.

1. According to the International Monetary Fund, the U.S. GDP of $14.3 trillion constitutes 23% of the gross world power at market exchange rates and almost 21% of the gross world product at purchasing power parity.
2. The United States is the largest importer of goods.
3. It is also the third largest exporter.
4. The United States is the 3rd largest producer of oil in the world.
5. On the other hand, it is the largest importer of oil.
6. It is the world’s number one producer of electrical and nuclear energy in the world, as well as the number one producer of liquid natural gas, sulfur, phosphate, and salt.
7. The U.S.’s leading export commodity is electrical machinery.
8. Its leading importing good is vehicles.
9. In 2008, the trade deficit was $810 billion.

Here are some statistics about the industry:

-labor force= 155.2 million
by occupation:
- .6% forestry and fishing
- 22.6% manufacturing, extraction, transportation, and crafts
- 35.5% professional and technical
- 24.8% sales and office
- 16.5% other

- Export Commodities=agricultural products (soybeans, fruit, corn) 9.2%, industrial supplies (organic chemicals) 26.8%, capital goods (transistors, aircraft, motor vehicle parts, computers, telecommunications equipment) 49.0%, consumer goods (automobiles, medicines) 15.0%

-Import Commodities= agricultural products 4.9%, industrial supplies 32.9% (crude oil 8.2%), capital goods 30.4% (computers, telecommunications equipment, motor vehicle parts, office machines, electric power machinery), consumer goods 31.8% (automobiles, clothing, medicines, furniture, toys)

-Importing Partners= China 16.9%, Canada 15.7%, Mexico 10.6%, Japan 7.4%, Germany 4.8% (2007)
-Export Partners= Canada 21.4%, Mexico 11.7%, China 5.6%, Japan 5.4%, UK 4.3%, Germany 4.3%
-Exports= $1.377 trillion
-Imports=$2.19 trillion

List of Industries:
leading industrial power in the world, highly diversified and technologically advanced; petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, electronics, food processing, consumer goods, lumber, mining

List of Agriculture Products:
wheat, corn, other grains, fruits, vegetables, cotton; beef, pork, poultry, dairy products; fish; forest products

Works Cited: http://www.theodora.com/wfbcurrent/united_states/united_states_economy.html