71237 United States: Trade At-A-Glance Dec-08 2007 GDP 2007 GDP 2007 Share 2007 Trade Membership No. of RTAs/ EIAs (millions) per capita in World Trade per capita GATT WTO Goods Services $13,738,038 $45,505 11.91% $13,077 1948 1995 9 8 USA TRADE PERFORMANCE ‡ HI OECD Ranking Decile TP High inc TRADE POLICY (TP) (out of 125) 9 1 EXTERNAL ENVIRONMENT (EE) (out of 126) 53 5 TO EE INSTITUTIONAL ENVIRONMENT (IE) (out of 181) 3 1 TRADE FACILITATION (TF) (out of 151) 14 1 TRADE OUTCOME (TO) (out of 161) 137 9 TF IE ‡ Rankings are based on the "representative" indicators (in bold) in each group below for the latest year Outer bound represents best value in latest year TRADE POLICY (TP)  1995-99^ 2000-04^ 2005-07^ Latest^ Trade Tariff Restrictiveness Index (MFN applied tariffs)& 4.3 2.5 2.2 * TTRI (applied tariffs including preferences) & .. 1.5 1.5 * TTRI Overall TRI (OTRI, applied tariffs incl. prefs.+NTMs)& .. 6.3 6.3 * (MFN) Other trade policy indicators MFN applied tariff - simple avg (%) 4.7 3.9 3.5 3.5 Applied Dispersion (coefficient of variation) 2.9 3.5 1.7 1.7 tariff (wgt avg) Maximum rate 404.8 350.0 124.0 123.7 Agriculture - simple avg (%) 5.7 5.4 5.3 5.5 Import Nonagriculture - simple avg (%) 4.6 3.6 3.2 3.2 duties MFN applied tariff - trade weighted avg (%) 3.9 3.5 2.1 1.9 MFN zero-duty imports (% in total imports) 22.8 36.0 53.9 53.3 * Applied tariff (incl. prefs.) - trade weighted avg (%) 2.7 2.1 1.4 1.3 Nontariff measures Agriculture 4.4 3.7 3.1 2.9 Nonagriculture 2.6 2.0 1.3 1.2 0 10 20 30 40 Applied tariff (incl. prefs.) - production weighted avg (%) .. 1.7 1.8 * HI OECD High inc USA Applied tariff (incl. prefs.) escalation (finished% minus raw%) 1.7 1.7 1.6 Agriculture .. 6.6 4.1 4.0 Nonagriculture .. 3.4 2.5 2.4 Import duties (% of imports) .. 1.4 1.3 .. Services commit. Tariff overhang (MFN bound less MFN applied rate,%) -1.2 -0.3 0.0 0.1 Bound tariff frequency ratio (% of total lines) 100.0 100.0 100.0 100.0 * Specific tariffs frequency ratio (%) 3.8 2.0 9.9 9.6 0 40 80 Non-tariff measures frequency ratio (%) 30.3 .. .. .. HI OECD High inc USA Overall GATS commitment index (0-100, best) .. 65.2 65.2 EXTERNAL ENVIRONMENT (EE)  1995-99^ 2000-04^ 2005-07^ Latest^ MA-TTRI (applied tariffs incl. prefs.)& 3.8 3.9 * MA-OTRI (applied tariffs incl. prefs.+NTMs)& 10.4 10.3 * MA-TTRI Other external environment indicators ROW applied tariff (incl. prefs.) - weighted avg (%) 6.4 4.9 2.5 2.5 * MFN duty free Agriculture 24.5 21.2 11.5 11.9 * (exports) Nonagriculture 4.5 3.4 1.8 1.7 * MFN zero-duty exports (% of total exports) 26.3 36.5 49.1 46.2 * Value of prefer Exports with FTA / CU partners (% of total exports) 37.5 40.8 42.9 43.3 * Preferences (EU+U.S.) utilization rate (%) .. .. .. .. 0 1 Lowest Highest Preferences (EU+U.S.) actual value (% of exports) .. .. .. .. HI OECD High inc USA Real effective exchange rate (% change,+ =apprec.) 2.0 -0.5 -1.9 -5.7 ^ Indicators shown are period averages, incl. growth rates. Latest indicates 2008; when not available, 2006 or 2007 is used(noted by *). For more infor., see User's Guide at http://www.worldbank.org/wti2008. ŸMFN: most favored nation; NTM: nontariff measures; MA: market access; ROW: rest of the world; FTA: free trade agreement; CU: customs union; WTO: World Trade Organization GATT: General Agreement on Tariffs and Trade; WGI: World Government Indicators; ".." indicates missing value; RTA/EIA: regional trade arrangement / economic integration arrangement; & 2007 are preliminary estimates United States Trade At-A-Glance Dec-08 INSTITUTIONAL ENVIRONMENT (IE) 2004 2006 2007 2008 Ease of Doing Business (rank out of 181) .. .. 3 3 Starting a business (rank) .. .. 4 6 Enforcing contracts (rank) .. .. 8 6 Ease of Doing Closing a business (rank) .. 18 6 Business Other institutional environment indicators WGI - Regulatory Quality (-2.5 to +2.5, best) 1.81 1.67 1.62 .. 0 80 160 WGI - Rule of Law (-2.5 to +2.5, best) 1.48 1.58 1.59 .. HI OECD High inc USA WGI - Control of Corruption (-2.5 to +2.5, best) 1.75 1.34 1.44 .. TRADE FACILITATION (TF) 1995-99^ 2000-04^ 2005-07^ Latest^ Logistics Performance Index (LPI, 1 to 5 best) .. .. 3.8 3.8 * Efficiency of customs and other border procedures .. .. 3.5 3.5 * Logistic Index Quality of transport and IT infrastructures .. .. 4.1 4.1 * International transportation costs .. .. 3.6 3.6 * Logistics competence .. .. 3.8 3.8 * Trading Trackability of shipments .. .. 4.0 4.0 * Across Borders Domestic transportation costs .. .. 2.2 2.2 * Timeliness of shipment .. .. 4.1 4.1 * Other trade facilitation indicators UNCTAD Shipping Doing Business - Trading Across Borders (rank out of 181) .. 15 15 No. of documents required for exports .. .. 4 4 No. of days process required for exports .. .. .. .. Telephones Cost to export (US$ per container) .. .. 960 990 per 100 No. of documents required for imports .. .. 5 5 No. of days process required for imports .. .. 5 5 Secondary Cost to import (US$ per container) .. .. 1,160 1,245 enrollment Liner shipping connectivity index (0-100 best) .. .. 85.6 83.7 Telephones and mobiles per 100 people 84.8 115.1 135.5 138.8 * 0 Lowest 1 Highest Average cost of 3-minute call to U.S. (US$) .. .. .. .. HI OECD High inc USA Internet usage (per 100 people) 23.1 53.6 70.0 72.9 * Secondary gross school enrollment (%) 95.6 93.9 94.0 93.9 * TRADE OUTCOME (TO) ## 1995-99^ 2000-04^ 2005-07^ Latest^ Real growth in trade of goods and services (%) 9.2 4.3 6.1 2.4 10 9.2 8.7 Exports 7.4 2.3 8.1 9.3 8 8.4 7.9 7.2 6.6 Imports 10.7 5.7 4.8 -2.5 6 5.7 6.1 5.3 4.3 Other trade outcome indicators 4 2.4 Trade integration (trade as % of GDP) 23.5 24.1 27.6 31.3 2 FDI inflow (% of GDP) 1.7 1.5 1.3 2.0 0 1995-99 2000-04 2005-07 2008 World trade share growth (%) 1.8 -3.3 -2.9 -6.5 Trade Growth Rate Exports 0.7 -5.4 -2.0 -4.5 USA HI OECD High inc Imports 2.7 -1.8 -3.5 -8.0 Merchandise share in total exports (%) 72.1 71.0 70.6 72.9 Exports Share (2005-07) Agriculture 8.8 7.5 6.9 6.9 * Agric, Manufacturing 57.9 58.0 56.1 56.2 * 6.9 Mining, fuel and others 5.4 5.5 7.5 7.9 * Service, 29.4 Service share in total exports (%) 27.9 29.0 29.4 27.1 Tourism 9.3 8.6 7.5 7.3 * Transportation 5.2 4.7 4.8 4.7 * Other services 13.4 15.7 17.1 17.1 * Mining, Manuf, 7.5 Export product concentration index (0 to 100, highest) 8.3 8.3 7.5 7.6 * 56.1 Export market concentration index (0 to 100, highest) 28.2 29.4 28.5 28.0 * Top 5 exports share (% of merchandise exports) .. .. 21.4 21.1 * Top 5 exports (SITC Rev. 2; 3 digit) Aircraft/spacecraft[792], Valves/transistors[776], Cars[781], Motor veh parts/accs[784], Telecomms Equip nes[764] ^ Indicators shown are period averages, incl. growth rates. Latest indicates 2008; when not available, 2006 or 2007 is used (noted by *). For more info., see User's Guide at http://www.worldbank.org/wti2008 ## Most outcome indicators (mostly through 2007) are from the WDI (World Bank, Data Group), UNCTAD or COMTRADE; for filling gaps and 2008, data from the Prospects Group are used.