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Which main products did the US import and export last year? Do you see a correlation...

Which main products did the US import and export last year? Do you see a correlation between US imports and exports, and the US comparative advantage?

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Answer #1

The main products that US export are capital goods, crude oil, fuel, other refined petroleum products, auto parts, engines etc whereas it's imports are crude petroleum, cars, vehicle parts, computers etc.

It is hard to find any correlation between the US imports and exports because the trend of it is US importing more capital goods, industrial goods, consumer goods, food and beverages etc. However it has a comparative advantage in providing services than other countries such as India, thus making it an advantageous situation for the country.

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