US Trade with its partners over two decades
USA is still the largest trading partner of many countries and the largest market for any kind of goods. This infographic shows how the trade has changed over last two decades with its trade partners.
It’s interesting to see how big jumps China made in terms of ranking as well as volumes. The imports from China to USA made big changes in shear numbers as soon as China entered WTO. Whatever were the talks about China, before it entering the organization, honestly, China has benefited a lot from it.
Other very visible characteristic is how this trade trend for Taiwan is exactly opposite to what China has experienced. In my opinion, Taiwan has lost a big ground in trade with USA. If it continues like this, Taiwan may lose an importance even as a political ally in sensitive South China Sea. It should also be noted that China is having similar dilema when it comes to North and South Korea conflict, where South Korea is much bigger trade partner to China than the North one.
India is not a grand partner in trade with USA compared to others. This nation is nowhere to see in US exports, whereas it seems to have gained ground in IT exports due to Y2K problem. But it is still well minuscule. Based on internal political system, multi-ethnic democracy, common interests, this may change soon and all the mistakes from the past done by foreign policy of either countries can be undone in decades ahead. Recent exclusive nuclear deal and large military orders shall increase the share of US exports to India. Removed restrictions and tarifs for indian products, which were imposed amid indian nuclear test decades ago, can well help indian exports to USA.
Whatever other argues, but USA definitely thinks of India as a reasonable and eligible counterweight to China. If this century is going to be an Asian century, then we have very interesting times ahead.
Source of infographic: Where and What Is U.S. Trading
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