Thursday, April 26, 2012

International Trade

2010

Exports
Exports brought in US$29 billion
Largest export is oil (80%)
-630,600 barrels produced daily
-155,200 barrels exported daily
-At least 37 billion barrels in reserves

Other exports:
metal products, cotton, textiles, and chemicals

Exports go to:
9.4% - Italy
7.1% - US
6.2%  -India
Others include: Spain, Syria, Saudia Arabia, Japan, & Germany 


Imports
-US $43.98 Billion was spent on imports
-Negative trade balance since the 1980's
-Food, commodities, equipment, and wood products are major imports

Imports come from:
10% - US
9.9% - China 
7.3% - Italy
Others include: Germany and Saudi Arabia