Our friends (and clients) at PIERS posted this interesting bit of international trade information on their recent e-newsletter:
These are the top five categories of imports to the United States from countries using the Euro.
You can see that half the volume of trade is beer and wine. The next biggest import is car parts. It makes us wonder if there’s a relationship. Will drinking less Becks lead to fewer dinged Beemers?
PIERS is Ports Import Export Report Service. They are the world’s leading compiler, supplier and analyst of trade data. Manufacturers, retailers, shippers, investors, journalists and even government economists use their databases.