Import Export Companies In California – In 2021, the United States will bring in approximately $2.83 billion in goods from its trading partners. International trade.
But what kind of goods are most imported across different parts of America? This graphic by OnDeck shows the top imports in every US state, using January 2022 data from the US Census Bureau.
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Gasoline is the most popular import in 12 states, making it the leading import across the UAE. Liga. By 2021, approximately 72% of imported oil will be crude oil, which is later domestically refined into products such as gasoline, diesel or jet fuel.
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Most of the imported oil comes from Canada, while about 11% is imported from OPEC countries, and 8% is from Russia. Of course, the final number may decrease in 2022 due to the Russian import ban implemented by the Biden administration in response to the Russian-Ukrainian conflict.
After fuel, vehicles and medicine are tied for the second most imported goods, both of which are the most popular imports in each of the six states.
Some related to medicine are nucleic acids, which are the top imports in Florida and Nebraska. Nucleic acids are natural polymers that are used in biological processes such as protein synthesis or RNA (mRNA) translation. It is worth noting that many of the COVID-19 vaccines, including those produced by Moderna and Pfizer-BioNTech, are mRNA vaccines.
In addition to describing the most popular imports in each US state, OnDeck highlights each state’s most unique imports, shown in the image below.
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OnDeck defines each state’s “unique” imports as the category of goods imported by the least amount of other states.
Salmon is Florida’s most unique import. This makes sense considering the Sunshine State is home to some of the nation’s largest seafood retailers, including North Star Seafood (owned by Sysco) and Tampa Bay Fisheries.
Another example is Delaware’s high pineapple imports, totaling approximately $60.2 million in pineapples annually. This time, the victim is Dole plc (formerly Dole Foods), the world’s largest producer of fruits and vegetables. Until 2021, the company’s headquarters is located in Delaware, and it also imports pineapples to the Port of Wilmington in the state’s largest city.
This article is published as part of Visual Capitalist’s Creator Program, which features data-driven images from our favorite creators around the world.
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Which central bank owes the most US debt? Foreign investors hold the national debt of 7.3 trillion US dollars. These holdings fell 6% in 2022 amid a strong dollar and rising rates.
These are in the form of Treasury securities, some of the most liquid assets in the world. Central banks use them for foreign currency reserves and private investors flock to them during flights for safety because of their perceived low risk.
In addition to these reasons, foreign investors may buy Treasuries as a store of value. They are often used as collateral during certain international trade transactions, or countries can use them to help manage exchange rate policies. For example, countries may buy Treasuries to protect their currency exchange rates from speculation.
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In the figure above, we show US foreign debt holders using data from the US Treasury Department.
Japan surpassed China as the number one holder in 2019 as China reduced its holdings by more than 250 billion US dollars or 30% in 4 years.
The issuance of bonds by China is one way that the country can manage the exchange rate of the yuan. This is because if it sells dollars, it can buy yuan when the currency falls. . At the same time, China does not use the dollar to manage its currency alone, now it uses a basket of currencies.
As the chart above shows, the United Kingdom is the third highest holder, with over $655 billion in assets. Gallery. Across Europe, 13 countries are outstanding stock holders, the highest of any region, followed by Asia-Pacific at 11 different holders.
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A small number of countries own a surprising amount of US debt. With a population of 70,000, the Cayman Islands own as much as $284 billion in Treasury bonds. There are more hedge funds domiciled in the Cayman Islands per capita than any other country in the world.
In fact, the four smallest countries in the visualization above – the Cayman Islands, Bermuda, the Bahamas, and Luxembourg – have a combined population of only 1.2 million, but own a treasury of 741 billion US dollars.
By 2022, foreign demand for Treasuries falls by 6% as higher interest rates and a stronger US dollar make owning these bonds less profitable.
This is because the increase in interest rates on US debt lowers the present value of their future income payments. At the same time, their prices are still falling.
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As the chart below shows, this decline in demand is a significant reversal from 2018-2020, when demand increased as interest rates fell to historic lows. A similar trend occurred in the decade following the 2008-09 financial crisis, when The US debt has tripled from 2 to 6 trillion dollars.
Fueling this trend is China’s rapid purchase of Treasuries, which ballooned from $100 billion in 2002 to a peak of $1.3 trillion in 2013. As the country’s exports and output grew, it sold the yuan and bought dollars to help ease pressure on its exchange rate.
Fast forward to today, and global interest rate uncertainty—which in turn can affect national currency valuations and therefore Treasury demand—continues to be a factor affecting the future direction of US foreign debt holdings.
Map 4 weeks ago Map: 15 largest US cities by GDP 2 weeks ago Visualizing the link between unemployment and recessions Misc 3 weeks ago Vintage Viz: China’s export economy in the early 20th century Investor study 2 weeks ago Visualizing 90 years of stock and technology bond performance 3 weeks ago Timeline: The shocking collapse of the Silicon Valley central bank 1 week ago Which country has the most US debt? Datastream 3 weeks ago Map: Number of legalized sports betting by US state 1 week ago Time: Cannabis legalization in the US From Rotterdam to Singapore, we see tangible evidence of the world’s bustling maritime transport network as cranes busily load and transport homogeneous containers. of activities. The efficiency of this system has had a huge impact on the global economy, but this uniformity has also had unintended consequences for anonymous shipping. From the outside, there is no indication of who is doing the transportation.
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While companies such as Procter & Gamble and Caterpillar export large quantities of consumer goods and equipment, the export market is dominated by bulk materials, natural resources, and chemicals.
Although exporters of recyclable materials feature prominently on this list, they may There will be tremors in the near future.
In Western countries, people tend to assume that their top exports by volume are high-value products that produce or, at least, natural resources such as wood or oil. The truth is, a large amount of exports from Western countries are waste materials.
This is not a new trend. In 2009, 9 of the top 20 US exporters shipped materials that could Can be reused abroad, especially to China.
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This convenient trade relationship, where ships bring consumer goods to America and return loaded with recyclable materials, is being disrupted in a big way. In 2018, China launched the National Sword Project, which has the potential to be linked to material pipelines. The waste that is imported into the country consistently.
Currently, countries such as Vietnam and Thailand have been relaxed, but previously, the countries of the South There will be a need to actively consider recycling projects in the country.
In modern society, there is a very good chance that the products around you today are not made in the country where you live. While many companies import goods from overseas, few major players move goods through American ports.
In contrast to the list of top exporters, the top importers are generally more well-known names, such as Target, Home Depot, Dollar Tree, and Ikea.
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It will come as no surprise that Walmart, the world’s largest retailer by some margin, is also America’s number one importer. In a single year, Walmart’s incoming goods will be the equivalent of nearly 50 of the industry’s largest cargo ships.
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US Timeline: Cannabis Laws In the United States at the federal level, cannabis is illegal, but state laws vary. This image looks at the timeline of cannabis laws in the United States.
At the federal level, cannabis is still considered an illegal substance. That said, individual states have the right to set their own laws regarding the sale and use of cannabis.
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This image from New Frontier Data looks at the state of cannabis in every state and the duration of medical and / or time
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