Each year, the US imports billions of barrels of oil from other countries. At the same time, the US exports billions of dollars worth of agricultural products to other countries. How is this situation an example of economic interdependence?

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Francis

Geography

3 March, 11:55

Each year, the US imports billions of barrels of oil from other countries. At the same time, the US exports billions of dollars worth of agricultural products to other countries. How is this situation an example of economic interdependence?

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Xzavier Keller · Answer 1

Answer:Goods exports totaled $13.6 billion; goods imports totaled $24.1 billion. The U. S. goods trade deficit with Saudi Arabia was $10.5 billion in 2018 ... U. S. total exports of agricultural products to Saudi Arabia totaled $1.4 billion in 2018 ... fuels ($23 billion), organic chemicals ($357 million), special other (returns) ($260 million)