72792 World Trade Indicators 2009/10 United States: Trade-at-a-Glance Table 2008 GDP 2008 GDP 2008 Share 2008 Trade Membership No. of FTAs/ EIAs (millions) per capita in World Trade per capita GATT WTO Goods Services $14,204,322 $46,716 11.30% $14,315 1948 1995 11 10 TRADE PERFORMANCE‡ USA Ranking Decile HI OECD High inc TRADE POLICY (TP) (out of 125) 9 1 EXTERNAL ENVIRONMENT (EE) (out of 125) 73 6 INSTITUTIONAL ENVIRONMENT (IE) (out of 183) 4 1 TRADE FACILITATION (TF) (out of 155) 15 1 TRADE OUTCOME (TO) (out of 157) 134 9 Outer bound represents best value in latest year ‡ Rankings are based on the representative indicators (in bold) in each group below for the latest year TRADE POLICY (TP) 1995-99^ 2000-04^ 2005-08^ Latest Tariff Trade Restrictiveness Index TTRI (MFN applied tariff) 4.3 2.5 2.2 * TTRI (applied tariff including preferences) .. 1.5 1.5 * MFN applied tariff (spl avg) OTRI (Overall TRI, applied tariff incl. prefs.+NTMs) .. 6.3 6.3 * MFN applied tariff - simple avg (%) 4.7 3.9 3.5 3.5 TTRI (MFN) Dispersion (coefficient of variation) 2.9 3.5 1.7 1.7 Maximum rate (excl. alcohol and tobacco) .. .. 86.6 86.6 Agriculture - simple avg (%) 5.7 5.4 5.4 5.5 MFN applied tariff (wgt avg) Nonagriculture - simple avg (%) 4.6 3.6 3.2 3.2 MFN applied tariff - trade weighted avg (%) 3.9 3.5 2.1 1.9 Applied tariff (wgt avg) Applied tariff (incl. prefs.) - trade weighted avg (%) 2.7 2.1 1.3 1.3 Agriculture 4.4 3.7 3.0 2.9 Import duties Nonagriculture 2.6 2.0 1.3 1.2 Applied tariff (incl. prefs.) - production weighted avg (%) .. 1.7 1.8 * 0 10 20 30 MFN applied tariff escalation (finished % minus raw %) 1.7 1.7 1.6 * USA HI OECD High inc Agriculture .. 6.6 4.1 4.0 Nonagriculture .. 3.4 2.5 2.4 Import duties (% of imports) .. 1.4 1.3 .. Tariff overhang (MFN bound minus MFN applied rate,%) -1.2 -0.3 0.0 0.1 GATS commit. Bound tariff frequency ratio (% of total lines) 100.0 100.0 100.0 100.0 index Non-ad valorem tariff frequency ratio (%) 3.8 2.0 9.8 9.6 Non-tariff measures frequency ratio (%) 30.3 .. .. .. 0 40 80 Anti-dumping initiations 27.8 45.2 16.8 18.0 USA HI OECD High inc Overall GATS commitment index (0-100, best) .. 65.24 65.24 * EXTERNAL ENVIRONMENT (EE) 1995-99^ 2000-04^ 2005-08^ Latest Market Access-TTRI (MA-TTRI, applied tariff incl. prefs.) 3.8 3.9 * MA-TTRI MA-OTRI (applied tariff incl. prefs. and NTMs) 10.4 10.3 * ROW applied tariff (incl. prefs.) - trade weighted avg (%) 6.4 4.9 3.3 3.1 ROW applied(wgt avg) Agriculture 24.5 21.2 16.8 17.4 Nonagriculture 4.5 3.4 2.1 1.8 MFN zero-duty exports (% of total exports) 26.3 36.5 49.1 46.2 * MFN zero duty exports (%) Exports to FTA / CU partners (% of total exports) 37.5 40.8 43.1 42.6 USA HI OECD High inc Anti-dumping initiations faced 13.6 13.6 9.5 8.0 0 1 All numbers normalized to a 0 to 1 scale Real effective exchange rate (% change,+ =apprec.) 1.9 -0.4 -2.5 -4.5 All data are as of January 2010 and are drawn from the World Trade Indicators 2009/10 Database. The database, Trade-at-a-Glance Tables, Country Trade Briefs and User Guide, are available at http://www.worldbank.org/wti. ^ Indicators shown are period averages. "Latest" indicates 2008, when not available, 2006 or 2007 (noted by *). EAP: East Asia and Pacific, ECA: Europe and Central Asia, LAC: Latin America and the Caribbean, MNA: Middle East and North Africa, SAS: South Asia, SSA: Sub-Saharan Africa. GATT: General Agreement on Tariffs and Trade; WTO: World Trade Organization; FTA: free trade agreement; EIA: economic integration arrangement; NTM: nontariff measures; ROW: rest of the world; CU: customs union; ".." indicates missing value. World Trade Indicators 2009/10 Trade-at-a-Glance Tables INSTITUTIONAL ENVIRONMENT (IE) 2006 2007 2008 2009 Ease of Doing Business (rank out of 183) .. 3 4 4 Ease of Starting a business (rank) .. 4 6 8 Doing 160 Business Enforcing contracts (rank) .. 8 9 8 Rank Closing a business (rank) .. 18 15 15 80 World Governance Indicators (WGI) 2005 2006 2007 2008 USA Regulatory Quality (-2.5 to +2.5, best) 1.54 1.54 1.45 1.58 HI OECD Rule of Law (-2.5 to +2.5, best) 1.51 1.54 1.56 1.65 High inc 0 Control of Corruption (-2.5 to +2.5, best) 1.54 1.29 1.40 1.55 TRADE FACILITATION (TF) 1995-99^ 2000-04^ 2005-08^ Latest Logistics Performance Index (LPI, 1 to 5 best) .. .. 3.8 3.9 Efficiency of customs and other border procedures .. .. 3.5 3.7 Quality of transport and IT infrastructure .. .. 4.1 4.2 Logistics Performance Ease of arranging competitively-priced shipments .. .. 3.6 3.2 Index Logistics competence .. .. 3.8 3.9 Ability to track and trace shipments .. .. 4.0 4.2 Timeliness of shipments .. .. 4.1 4.2 0 2 4 USA HI OECD High inc Trading Across Borders (Doing Business, rank out of 183) 16 18 No. of documents required for export .. .. 4 4 200 No. of days required to export .. .. 6 6 160 Cost to export (US$ per container) .. .. 968 1,050 120 No. of documents required for import .. .. 5 5 80 No. of days required to import .. .. 5 5 40 Cost to import (US$ per container) .. .. 1,181 1,315 0 Telephones (fixed + mobile) per 100 people 84.8 115.3 136.1 139.9 * Trading Across Borders Rank Internet users per 100 people 23.1 56.7 71.5 72.4 USA HI OECD High inc Export credit insured exposures - short term (% of goods export) .. 20.8 20.9 TRADE OUTCOME (TO)# 1995-99^ 2000-04^ 2005-08^ Latest Real growth in trade of goods and services (%) ## 9.2 4.4 4.6 0.6 Real Trade Growth Rate 10 Exports 7.4 2.4 7.5 6.2 9 9.2 8.7 8.4 8 Imports 10.7 5.8 2.6 -3.5 7 6.6 6.7 6 5.8 5.8 Goods 10.2 4.6 4.0 -1.5 5 4.6 4.4 4 Services 5.9 3.9 7.1 5.0 3 2.7 2 2.3 Nominal growth in trade of goods and services (%) 7.9 6.3 10.4 9.0 1 0.6 0 Exports 6.7 4.0 12.2 11.5 1995-99 2000-04 2005-07 2008 Imports 9.0 7.9 9.3 7.3 USA HI OECD Trade integration (trade as % of GDP) 23.5 24.1 28.5 30.6 High inc Goods balance (% GDP) -2.7 -4.8 -6.1 -5.8 Export Composition (2005-08) Food balance (% GDP) 0.2 0.0 0.0 0.1 Services balance (% GDP) 1.0 0.6 0.7 1.0 Oth com ser, 16.1 Goods share of total exports (%) 72.1 71.0 70.3 70.6 Agric, 7.0 Travel , Services share of total exports (%) 27.9 29.0 29.7 29.4 7.5 Goods exports as a share of world goods exports (rank)** 1 1 2 3 Transport Services exports as share of world services exports (rank)** 1 1 1 1 , 4.8 Foreign Direct Investment (FDI) inflows (% of GDP) 1.7 1.5 1.8 2.3 Minral, 2.3 Total remittances inflows (% GDP) 0.0 0.0 0.0 0.0 Manufac, 55.0 Export product concentration index (0-100, most) 8.3 8.3 7.4 7.0 Fuels, 2.6 Export market concentration index (0-100, most) 28.2 29.4 25.0 20.9 Top 5 export markets (shares) Canada (20%), Mexico (12%), China, People's Rep. of (5%), Japan (5%), Germany (4%) Top 5 import markets (shares) China, People's Rep. of (16%), Canada (16%), Mexico (10%), Japan (7%), Germany (5%) Top 5 export products (SITC 3 digit-shares) 792-Aircraft (6%), 334-Hvy petrol. (4%), 776-Valves (4%), 781-Cars (4%), 764-Telecom eqpt (3%) Top 5 import products (SITC 3 digit-shares) 333-Petrol, crude (17%), 781-Cars (6%), 334-Hvy petrol. (4%), 764-Telecom eqpt (4%), 752-Computer eqpt (3%) ^ Indicators shown are period averages (except for Trading Across Borders rank: 2005-08 reflects 2008). "Latest" indicates 2008 (for Doing Business, LPI 2009), when not available, 2006 or 2007 (noted by *). # Outcome indicators are from the World Bank Development Data Group, Prospects Group, UNCTAD and COMTRADE. ## In constant 2000 US dollars. ** Rank is based on average annual world share for each period. The sample sizes are 173, 179, 180 and 173 countries, respectively.