We are inspired by the recent news that the US is imposing tariffs on foreign import and the potential trade war between the US and China.
We would like to explore the import and export of the US with other countries in the world over the year and draw insights about the US trade dynamics across time.
Overall, both imports and exports increase exponentially over the years. Trade deficit, as represented by the inverted bar chart on the left, increases at the same time.
Click buttons on the left for the breakdown between goods and services.
The map on the right shows the trade balance between US and the rest of the world. The darker the color, the larger the deficit against that country.
For the year of 2017:
The top 3 export destinations are Canada, Mexico, China
The top 3 import origins are China, Mexico, Canada
Hover over individual countries to reveal actual number of imports & exports.
Click HERE for more interactive experience!
Click Play to see how countries with major deficits with US have evolved in the past 20 years.
The greater the deficits, the larger the bubble size.
Hover over individual bubbles to see the country name as well as correponding exports and imports amount.
The counterpart of the previous plot.
Click Play to see how countries with major surplus with US have evolved in the past 20 years.
Note how that red bubble, representing China, has quickly grown in size and advanced furthur to the right to become the US biggest creditor.
The stacked bar chart shows that machinery & transportation equipment takes a major share of US exports for each year, followed by chemicals and manufactured goods.
Use the dropdown menu to select and view the exports trend for the product type you are interested in.
California and Texas the the largest number of exports as indicated by the darker color.
Hover on individual states for their top 3 exports respectively.
Click buttons on the right to toggle between the years.
Given the increasingly exploding amount of trade deficits that the US has with the rest of the world,
as well as the apparent interdependencies among countries,
let us better not declare any trade war to make everyone's life easier:)