Web Exercise 11: Who Were The Top 5 Countries That The Unite

Web Exercise 11 Who Were The Top 5 Countries That The United States

Identify the top 5 countries that the United States exported to in 2014 and the top 5 countries the U.S. imported from in 2014. Additionally, select two multinational corporations (MNCs) from the provided list and analyze their emphasis on international business based on their websites and operations. Conclude how you arrived at your assessment of their international business importance.

Paper For Above instruction

The global trade landscape in 2014 revealed significant insights into the trading partners of the United States, highlighting both the countries to which the U.S. exported and those from which it imported predominantly. Understanding these trade relationships offers a window into the economic interconnectedness and the strategic economic positions those countries hold with respect to the United States. Furthermore, examining multinational corporations (MNCs) and their online presence provides valuable information about their engagement and emphasis on international markets, reflecting their global strategic priorities.

In 2014, the United States' top fiveexport destinations included Canada, Mexico, China, Japan, and the United Kingdom. These countries collectively accounted for a substantial portion of U.S. exports, driven by geographic proximity, trade agreements, and international economic ties. Canada consistently ranks as the top trading partner, owing to the shared border and extensive trade agreements such as USMCA (formerly NAFTA). Mexico follows closely, largely due to manufacturing and automotive supply chains. China represents a significant market for U.S. exports, especially in technology and agricultural products. Japan and the United Kingdom also appear in the top five, reflecting their longstanding economic and diplomatic relationships with the U.S.

On the import front, the United States' five main sources in 2014 were China, Canada, Mexico, Japan, and Germany. China's prominence as an import source was driven by its role as a manufacturing hub, providing a vast array of consumer goods and electronics, which aligns with the global supply chains. Canada and Mexico supplied the U.S. with energy, raw materials, and manufactured goods, highlighting North America's economic integration. Japan provided high-tech products and vehicles, while Germany contributed engineering goods, machinery, and automobiles, emphasizing their advanced manufacturing sectors.

To analyze the international business emphasis of multinational corporations, two companies from the list—IBM and Nestlé—were selected for their extensive global operations. IBM, a leader in information technology, has deeply embedded itself in international markets, with operations, research centers, and client networks spanning nearly every continent. Their global strategy emphasizes innovation and serving multinational clientele, indicating a substantial commitment to international business as a core aspect of their growth model.

Similarly, Nestlé, the world's largest food and beverage company, operates in over 190 countries with a diversified portfolio that includes beverages, dairy, confectionery, and more. Their website highlights investments in emerging markets and adaptation of products to local tastes, which underscores their strategic emphasis on international markets. The company's global footprint illustrates how crucial international expansion is to their overall corporate strategy, driven by consumer diversity and global sourcing, manufacturing, and distribution networks.

I concluded that both IBM and Nestlé prioritize international business highly based on their extensive global operations, localization strategies, and investment in international markets. Their digital presence and strategic activities demonstrate a focus on maintaining and expanding their global footprint, ensuring relevance across diverse markets and leveraging international opportunities for growth and innovation.

References

• United States Census Bureau. (2015). U.S. International Trade Data. https://www.census.gov/foreign-trade/data/
• World Bank. (2015). World Development Indicators. https://databank.worldbank.org/source/world-development-indicators
• IBM Corporation. (2014). IBM Annual Report. https://www.ibm.com/investor/annualreport
• Nestlé S.A. (2014). Nestlé in Society: Creating Shared Value and Sustainability Outcomes. https://www.nestle.com/csv/2014
• Office of the United States Trade Representative. (2014). Trade Summary. https://ustr.gov/about-us/policy-offices/press-office/press-releases/2014
• OECD. (2014). Multinational Enterprises in the Global Economy. https://www.oecd.org
• Bloomberg. (2014). Global Trade Data. https://www.bloomberg.com
• Forbes. (2014). The World's Largest Companies. https://www.forbes.com/lists/2014/18/global-2000.html
• Retail Industry Leaders Association. (2014). International Retail Trade Data. https://www.rila.org
• Statista. (2014). International Trade Data & Analysis. https://www.statista.com