United States exported $131 billion worth of autos, and imported $317 billion worth of autos. About 60% of

U.S. trade and 60% of European trade is intra-industry trade.
462 19 • International Trade

Some U.S. Exports Quantity of Exports ($ billions) Quantity of Imports ($ billions)

Autos

$131

Food and beverages

$147

Capital goods

$474

Consumer goods

$201

Industrial supplies

$578

Other transportation

$63

$317

$167

$695

$699

$589

$113

TABLE 19.14 Some Intra-Industry U.S. Exports and Imports in 2021 (Source:

https://www.census.gov/foreign-trade/data/index.html)

Why do similar high-income economies engage in intra-industry trade? What can be the economic benefit of
having workers of fairly similar skills making cars, computers, machinery and other products which are then

shipped across the oceans to and from the United States, the European Union, and Japan? There are two
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