Topsy-Turvey Trade World Strikes Again: New Top 2021 Export? Natural Gas

Topsy-Turvey Trade World Strikes Again: New Top 2021 Export? Natural Gas

Share to Linkedin A Cheniere Energy liquefaction facility on Corpus Christi Bay in Texas. Natural gas for the ... [+] first-time ever is the United States' top-ranked export by value. The United States has a new most-valuable export: Natural gas. For most of the time I have been writing about U. S. export-import trade, there was only one No. 1, aircraft. Boeing BA basically has dominated U. S. exports for years and years, its only competitor globally the European consortium Airbus. The bigger picture, the story from 30, 000 feet, is that there has been enormous turbulence in U. S. trade over the last two years. A good bit of that is due to trade policies from former President Trump, including a still-ongoing trade war with China. A good deal of it is due to Covid-19, which shut down large swaths of the global economy, from aviation to hospitality, while enriching others, including, of course, masks, surgical gowns and gloves but also computers, bicycles and exercise equipment. And, last but not least, some of it due to technological innovation, particularly in the energy sector. How have these three affected the rhythm of international trade? Just in the 12 months, we