The Success Of Trading For The United StatesThe use of trading with other countries is a critical factor in the success of the United States. Trading does plenty of good things such as increasing competition and lowering world prices, leads to a higher level of production, better standard of living, and provides worldwide availability of goods and services. In 2017, "the U.S. was the world's largest goods and services trading nation, with exports of goods and services totaling $2.35 trillion".
Trade expansion benefits individuals and businesses by:
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How Reliant Are Other Countries On The United States?
Most countries that have been reported of using child soldiers trade with the United States one way or another. However, some of these countries such as Democratic Republic of Congo, Mali, Niger, Nigeria, Somalia, and Syria all depend on trading with the U.S. more in order to generate and bring in large sums of revenue for their country.
The list below shows U.S. exports to these countries from 2009-2019 according to the United States Census Bureau:
The list below shows U.S. exports to these countries from 2009-2019 according to the United States Census Bureau:
- U.S. goods exported to the Democratic Republic of Congo in 2019 were $132 million, up 69.1% ($54 million) from 2018 and up 65.9% from 2009
- U.S. goods exported to Mali in 2019 were $68 million, up 84.9% from 2009
- U.S. goods exported to Niger in 2019 were $93 million, up 50.1% ($31 million) from 2018 and up 59.0% from 2009
- U.S. goods exported to Nigeria in 2019 were $3.2 billion, up 19.1% ($512 million) from 2018
- U.S. goods exported to Somalia in 2019 were $105 million, up 112.8% ($56 million) from 2018 and up 2,467.0% from 2009
Depositphotos, Inc. “Large Stacks of Money Stock Images, Royalty Free Stack of Cash Photos” Depositphotos, depositphotos.com/stock-photos/stack-of-cash.html.
Öztürk, Yasin. Bing, Microsoft, 15 May 2020, www.bing.com/images/search?view=detailV2%2Cunited+states+providing+supplies.
Öztürk, Yasin. Bing, Microsoft, 15 May 2020, www.bing.com/images/search?view=detailV2%2Cunited+states+providing+supplies.