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I have been working in fields of technical consulting and for a large CEE investment company. I have worked in USA, many European countries, South Africa and China. I have studied at the technical university of Vienna, attended the Xetra platform trading course and have a ISO9000 auditor... More
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  • US versus EU exports - rethinking 1 comment
    Jul 4, 2009 7:09 AM

    To get more insight into the everlasting discussion about how Eu countries exports are so much higher than those of the US, I would first like to state the fact, that the US has a higher value per capita export than the EU countries.

    How can I say this, if we all seem to know that Germany is the export world champion?
     
    You need to compare apples to apples.
     
    The US does not present trade within their states – e.g. California to NY, or Ohio to Texas, they only present external trade out of the US.
    If we now neglect inner European trade, and only focus on the external EU trade, which is comparable to the US trade statistic, our external trade is lower than that of the us.
     
    Look at individual countries, and then find the EU statistic below the US statistic.
     
     
    Interesting in this aspect is, that many countries, especially the US that stating a major decline in Germany due to their high exports, but look at the exports per capita of other countries, and how this will affect them, probably much harder than Germany.
     
    If you then try to find China far way below, and consider that these are nominal values, I wonder how they should make up for the lost US consumer, as has been stated in a few articles.
     
    Remark: Do not forget to differentiate between nominal values, PPP values and per capita values; if you compare US, compare it with EU, or you can start comparing Luxemburg to New York, makes a great story with great numbers.

    Disclosure: No stocks

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  • User 440561
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    The USA is in deep trouble and has been in Decline Since the early 1980's.
    The Trade Deficit here is and has been a huge and Growing problem since that time and the USA has not had a Trade Surplus since 1976.
    WE have Trade Deficits in Merchandise Goods including High Technology Products, Farm Products and Oil Products only in Some Service Areas does the USA Have a Surplus.
    The Eurozone which has the Eurodollar is a Manufacturing and Service Exports powerhouse.
    This is the Core Countries Economically in Europe and yes there is a Few other European Countries outside the Eurozone which also have strong Economies such as Norway, Sweden, Switzerland and Denmark who also Export a large amount of Product per Capita.
    The Eurozone in 2008 Exported more then 2.7 Trillion Dollars in Goods and Services with a Population of 320 Million people slightly more then the USA with 308 and had a Trade Surplus along with a Services Export Surplus.
    They are the largest Merchandise and Services Exporters in the World!
    Norway, Sweden,Switzerland and Denmark also have Trade Surpluses.
    The Weaker countries in Europe are the UK and many of the Eastern Countries that have just been admitted into the EU such as Romania, Bulgaria and Poland.
    Some Eastern Coutries are growing stronger such as The Czech Republic and Hungary with Western European Money building them up.
    Europe is the World's largest Creditor, Investing aroung the world owning assets in every corner of the planet.
    The USA is the World's largest Debtor Nation and because of our weak economy Countries have been switching Trade patterns away from the USA to other countries.
    The USA currently is Importing less then 15% of the world's exports and Exporting 8% of the world's Imports not a very good stat to have considering at one time the USA had 50% of the world's economy.
    With the European Social Pact and high wages in many Exporting Countries along with lower debt levels Parts of Europe have a much higher standard of living and also Quality of life.
    I won't go into all the details but the average US life Expectency is now ranked 48th in the world.
    Most of the other Social Statistics tell a story of decline, steep decline and the possibility of a Break-up down the road like the Soviet Union or if not that a possiblity of the USA becoming a Third World Country. Actually many people in the USA are living like they are at Third World levels now.
    Now Benefits, S.S.,Health Insurance, Vacations,Sick Days,Low wages or no wages for the many people who are not even in the Official Job Market, No Unemployment Benefits for many people because they are considered Part-time or Freelance which now makes up 33% of the Workforce. Another 42% of the 18-65 Year old's are not even in the Workforce.
    Weak or no Safety Nets or Welfare.
    Sky-High College Tuition Rates
    Sky-High Healthcare
    Sky-high cost of living
    No real Dual-education system such as in Germany(Technical/Voca... Training)
    Infrustructure which is Crumbling and needs trillions to fix-American Engineering Society and nearing collapse
    A primary School sytem ranked at the Bottom in the Industrial World
    A correctional System with 8 million citizens in it(Prison, Jail, Probation,Parole,etc)w... is 40% of the World Total.
    The USA did not Sign the Kyoto Treaty.
    The country is in severe Decline and in real trouble.
    4 Jul 2009, 09:10 AM Reply Like
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