Exports and Imports Business & Marketing Case Study (Case Study Sample)
I need 3 pages excluding references page. TOpic is Exports and Imports.
2) Perspective on the issue
3) Implications and Recommendations
4) Outstanding questions
Exports and Imports
Exports and Imports
Exports and imports are important aspects in a country’s economy. The United States of America engages in the export and import business and has done this for decades. The country has benefited from exports and imports in a variety of ways including earning profits, creating employment and improving the welfare of its citizens. For exports and imports to occur successfully, a country must have positive relations with foreign partners, an aspect that is covered within state foreign policies.
The US is ranked as one of the world’s leading exporters after China and the European Union (EU). The US is also among the leading importers in the world after the EU. According to Amadeo (2019), “In 2018, total U.S. trade with foreign countries was $5.6 trillion. That was $2.5 trillion in exports and $3.1 trillion in imports of both goods and services”. As of 2018, 67 percent of exports were made up of goods being $1.7 trillion of total exports while services were made up of $828 billion of total exports. US exports were made up of goods that include capital goods ($562 billion), industrial supplies ($539 billion), consumer goods ($206 billion), automobiles ($159 billion) and foods, feeds and beverages ($133 billion). The largest percentage (80) of imports was made up of goods as of 2018. Goods were made up of $2.6 trillion of total exports while services were made up of $558 billion (18 percent) of total imports (Amadeo, 2010). As of 2018, US exports were made up of goods that include capital goods ($693 billion), industrial supplies ($576 billion), consumer goods ($648 billion), automobiles ($372 billion) and foods, feeds and beverages ($147 billion) (Amadeo, 2010). With these figures, it is evident that exports and imports make an important part of the United States business and economic policies and actions. As population increases and politics and economy become dynamic, such figures are bound to change
- Mattress firm holding company Business & Marketing Case StudyDescription: Mattress firm holding company was founded in 1986 (Maynard, 2013). It was the first bedding retailer with more than 3600 stores in 49 states in the United State of America. This firm offers a wide collection of mattresses and bedding garnishes from chief manufacturers who include Simmons...4 pages/≈1100 words| 2 Sources | APA | Business & Marketing | Case Study |
- Bavarian Motor Works of North America Business & Marketing Case StudyDescription: The Bayerische Motoren Warke Group (BMW) is one of the leading luxury car manufacturers globally founded and established in Germany (Maguire, 2005). The company has a significant workforce spread across its plants in South Africa, United States of America and, Germany....6 pages/≈1650 words| 5 Sources | APA | Business & Marketing | Case Study |
- Case Analysis: Nintendo Business & Marketing Case StudyDescription: Nintendo is a Japanese multinational company dealing in consumer electronics and software. The company was founded in 1889 as a playing card company. However, in the late 1970’s, the company shifted its focus to video game consoles and games. The company has been able to sell ...7 pages/≈1925 words| 5 Sources | APA | Business & Marketing | Case Study |