Jim Whitney   March 16, 2011

U.S. resource endowments and trade

U.S. Share of world output:  28.6%
   
Resource 
U.S. share of world  
resource endowment
Endowment share  
>,< output share?
R&D scientists  50.7% ___
Physical capital  33.6% ___
Arable land  29.3% ___
Skilled labor  27.7% ___
Semi-skilled labor  19.1% ___
Unskilled labor  0.2% ___
 

 

  Specialization rank Revealed comparative advantage index
Fresh food  102 1.52
Non-electronic machinery 14 1.38
Electronic components 15 1.33
Miscellaneous manufacturing 19 1.31
Transport equipment 20 1.22
Chemicals 19 1.18
Wood products 59 0.93
IT & Consumer electronics 22 0.92
Processed food  110 0.75
Basic manufactures 79 0.63
Textiles 67 0.61
Minerals  113 0.35
Clothing  105 0.23

Source: UNCTAD/WTO. International Trade Center
<http://www.intracen.org/menus/countries.htm>
    The "Revealed comparative advantage index" measures the country's revealed comparative advantage in exports according to the Balassa formula. The index compares the share of a given sector in national exports with the share of this sector in world exports. Values above 1 indicate that the country is specialized in the sector under review.
    The "Specialization rank" is the ranking of the specialization indices across countries: Rank 1 indicates that the country has the highest specialization index in the world for the sector under review.