An additional USD88bn of U.S. exports in 2015

12/2/2014 - Report
ic_blogtagEconomic OutlookTradeUnited StatesExportsImportsTrade
U.S. Exports expected to grow +5% in 2015 or an additional USD88bn, in spite of tepid global GDP growth and continued dollar appreciation. Biggest export gains from Mexico, China, and Canada, mostly in Chemicals, Mechanical, Agrifood and Energy sectors.

Natural gas exports to rise rapidly driven by sharp price difference between U.S and other countries, and by completion of Panama Canal Expansion.

Trade deficit with China to shrink slightly due to pivot in focus towards domestically driven economy, rising wages and slowly appreciating currency.

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An additional USD88bn of U.S. exports in 2015 - Report