Reference no: EM13853749
Use all relevant trade theories to explain the trade patterns between Germany and USA (trade data supplied for top ten products for each nation). Note: it will require more than one theory to explain the trade patterns. Be thorough, concise and detailed in your explanations.
Top 10 German Exports to US Germany's exports to the US amounted to $128.7 billion or 8.5% of its overall exports.
1. Vehicles: $36.7 billion
2. Machines, engines, pumps: $25.3 billion
3. Pharmaceuticals: $13.2 billion
4. Electronic equipment: $10.2 billion
5. Medical, technical equipment: $9„2 billion
6. Aircraft, spacecraft: $4.3 billion
7. Plastics: $3.2 billion
8. Organic chemicals: $3.1 billion
9. Iron or steel products: $2.4 billion
Top 10 US Exports to Germany America's exports to Germany amounted to $49.4 billion or 3% of its overall exports.
1. Vehicles: $6.7 billion
2. Aircraft, spacecraft: $6.5 billion
3. Medical, technical equipment: $6.1 billion
4. Machines, engines, pumps: $5.8 billion
5. Electronic equipment: $4.6 billion
6. Pharmaceuticals: $2.4 billion
7. Other chemical goods: $1.7 billion
8. Gems, precious metals, coins: $1.4 billion
9. Plastics: $1.3 billion
10. Organic chemicals: $1.1 billion
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