WTM2021 Fact #22

On July 1, 2020, the United States-Mexico-Canada Agreement went into effect, replacing NAFTA. The International Trade Commission predicts that it…
May 22, 2021

WTM2021 Fact #21

Exports of goods and services made up 12.0% of GDP in the first quarter of 2019, then dropped slightly to…
May 21, 2021

WTM2021 Fact #20

The United States had trade surpluses with 135 countries and deficits with 98 countries through November 2020. Source: US TradeNumbers
May 20, 2021

WTM2021 Fact #19

Service exports declined by about 20% in 2020: travel and transport fell, but other categories, such as financial services and…
May 19, 2021

WTM2021 Fact #18

U.S. automotive exports fell 21% from 2019 to 2020. Source: Federal Reserve Economic Data
May 18, 2021

WTM2021 Fact #17

U.S. aircraft exports fell 43% from 2019 to 2020. Source: Federal Reserve Economic Data
May 17, 2021

WTM2021 Fact #16

The largest U.S. export commodities by value in 2020 were civilian aircraft and parts, gasoline, oil, passenger vehicles, and computer…
May 16, 2021

WTM2021 Fact #15

The United States’ top five trade partners in 2020, from largest to smallest, were China, Mexico, Canada, Japan and Germany.…
May 15, 2021

WTM2021 Fact #14

The U.S.-Japan Trade Agreement and U.S.-Japan Digital Trade Agreement both entered into force on Jan. 1, 2020. These agreements lower…
May 14, 2021

WTM2021 Fact #13

U.S. exports shrank 16.5% in the first half of 2020. The decline was even larger for FTA countries at 19%…
May 13, 2021