Listed as the second largest export economy in the world the United States is the eleventh most complex economy according to the Economic Complexity Index (ECI). On average in recent years the country has carried an annual negative trade balance of over $700 billion based on exports of $1.4 trillion and imports of more than $2.1 trillion annually. With a GDP per capita rate of more than $50,000 the average GDP rate is more than $16.5 trillion. With 20 international trading nations representing more than 75% of exports and 80% of imports – excluding services and foreign direct investment – the United States can be described as having a heavy concentration of trade activity with its favoured trading partners.
|United States Country Profile | United States of America||United States of America||Capital||Washington, DC||Population||323,995,528||Currency||US Dollar||GDP||$18,560 billion||Languages||English||Telephone Dial In||1|
% Partner Share
Petroleum oils, etc, (excl. crude); preparation
Monolithic integrated circuits, digital
Transmission apparatus, for radioteleph incorpo
Parts and accessories of automatic data process
Petroleum oils and oils obtained from bituminou
Wheat, corn, other grains, fruits, vegetables, cotton; beef, pork, poultry, dairy products; fish; forest products
Petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, electronics, food processing, consumer goods, lumber, mining
In general, the United States has reduced its trade barriers and coordinates with others in the global economic system. Historically, the U.S. has taken the view that trade promotes economic growth, social stability, democracy and better international relations. However, President Donald Trump has called these principles into question: in early 2018 Trump declared that the U.S. will impose steep tariffs on steel and aluminum imports, causing escalating tensions with China and other trading partners and raising the prospect of higher prices for American consumers and companies. At the same time, further negotiations regarding a revision of the NAFTA agreement are being pursued. The U.S. is the world’s largest importer and second largest exporter of goods, as well as the largest importer and exporter of commercial services. Nevertheless, trade represents only around 27% of the country’s GDP.
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Natasha Roston is Head of People and Growth at Trade Finance Global (TFG).
She builds partnerships to create innovative trade finance education projects and experiences. A key advocate for TFG’s annual Women In Trade campaigns, Natasha wrote a piece on the impact of gender stereotypes for gender equality in the workplace in 2022. Natasha is also responsible for TFG careers, culture, and team growth. A Level 2 Qualified Coach and Mental Health First Aid Champion, she leads internal training, supporting the holistic wellbeing of the team.
Before joining TFG Natasha worked in education for over a decade. Initially as a classroom teacher, and then in academic and pastoral leadership roles. Following this, she worked in EdTech as a Learning Design Coach for Aula’s Higher Education platform.
Natasha holds an MA from Tel Aviv University, a History PGCE from The Institute of Education and a BA from the University of Nottingham. Currently, she is studying for her Level 3 Certificate in International Trade from the Institute of Export & International Trade. In addition to her work at TFG, Natasha volunteers for the Young Women’s Trust as a Work It Out – CV Volunteer.