THE UNITED STATES EXPERIENCED GROWTH IN ITS IMPORTS AND EXPORTS IN 2022
THE UNITED STATES EXPERIENCED GROWTH IN ITS IMPORTS AND EXPORTS IN 2022 In the year 2022, the US Trade Data showed a rise in imports as well as exports with other countries like China. Although there is a tussle going on between the US and China, both countries are still exchanging their goods and services in large quantities to facilitate their trade data. IMPORTS AND EXPORTS TRENDS TO AND FROM THE UNITED STATES Based on the US Export Data for the year 2022, the country exported goods to over 70 countries at record-breaking values. Still, the nation is experiencing a trade deficit of USD 1.2 trillion. In 2021, this value was USD 101.2 billion. The only cause behind this enormous trade deficit is that along with exporting, the US imported goods also from 90+ countries as mentioned in the US Import Data for the same year. Based on the values mentioned in the US Import Data for the year 2022, the US imported goods worth USD 537 billion only from China which was USD 505 billi