On the imports side, it is seen that of the imports, mineral fuels, oils and distillation products account for the bulk of the imports followed by electrical and electronic equipment , machinery, nuclear reactors & boilers, vehicles other than railway and tramway and lastly pharmaceutical products (US Trade Data – Imports by products, 2010).. Trend analysis of the value of imports indicate that the imports made by the US economy steadily increased over the period 2006-2008 but it declined in 2009 and regained momentum in 2010. A similar trend was also observed in the values of exports made by the US over the period 2006-2010. This can be due to the fact that year 2009 was characterized by the impacts of recession in the form of higher levels of unemployment and lower disposable incomes in the hands of the consumers which caused a decline in the aggregate demand of products.
Rationale behind the Trade Patterns of United States
It can be seen that the major trading partners of US (as far as exports are concerned) were Canada and Mexico. This can be due to the fact that the three economies had collectively signed the NAFTA (North American Free Trade Agreement) treaty. This treaty came into existence on January 1, 2004 which created one of the globe’s largest free trade zones while it also laid the basic foundation that supported strong economic growth together with rising levels of prosperity for the economies Canada, Mexico and the United States (NAFTA, 2011). This agreement will remove most barriers to trade and investment among the United States, Canada, and Mexico.
在进口方面，这是看到的进口，矿物燃料，油和蒸馏产品占了大部分的进口，其次是电气和电子设备，机械，核反应炉和锅炉，车辆以外的铁路和电车轨道，最后医药产品（美国的贸易数据-进口产品，2010）等。趋势分析进口值表明，进口的美国经济稳步增加在2006 – 2008年期间，但它拒绝恢复势头在2009和2010。类似的趋势也观察到的出口量是由美国在2006 – 2010年期间。这可能是由于这一事实，2009年的特点是经济衰退的影响的形式，更高水平的失业率和低收入的消费者手中，造成下降的总需求的产品。