• Analysis and Studies
• July 4th: a look at US's market

July 4th is the United States’ national holiday, and it celebrates the anniversary of the Declaration of Independence of 1776, drafted by one of America’s founding fathers, Thomas Jefferson. The declaration formally stated the independence of the Thirteen American Colonies from the British Empire. The United States of America is the oldest democracy in the world and the first example in history of a state that protects the people’s liberties. Its Constitution, written in 1787 and ratified in 1788, affirms the sovereignty of the people and says that their government exists to serve their citizens. With 337 million habitats, it is the world's third most populous country, trailing only China and India. It is a very diverse country, with great ethnic diversity among its people. In the 19th century, citizens from all around the world fled to the United States seeking a better life. The United States shares borders only with Canada and Mexico, and it touches both the North Atlantic Ocean and the North Pacific Ocean.

Throughout history, the country has gained great importance on an international scale. After the Second World War, the "American way of life" spread globally, and its economy became the most advanced on the planet. Indeed, the USA is the number one country in the world by GDP size, with a value of 20.95 trillion dollars. According to the Social Progress Index 2021 (published every year by the Social Progress Imperative, a no-profit organization that ranks countries according to social aspects such as access to basic human needs, general well-being, and opportunities), the United States is the 24th country in the world for living standards. The USA's economy is one of the most flexible and pro-private initiatives. Indeed, it is characterized by thin taxation and a slim bureaucracy. Besides setbacks and some periods of stagnation, its economy is characterized by remarkable resilience and the tendency to come back to grow every time.

In 2020, the USA was the world’s greatest importer and the number two in total exports, right after China. Its main economic partners are China, Canada, Mexico, Germany, and Japan.

In the same year, the top exports were refined petroleum ($58.4 billion), crude petroleum ($52.3 billion), cars ($47.6 billion), integrated circuits ($44.2 billion), and petroleum gas ($34.7 billion), primarily to Canada ($218 billion), Mexico ($196 billion), China ($122 billion), Japan ($63.1 billion), and Germany ($59.2 billion). The USA's main imports in 2020 were cars ($144 billion), computers ($92.4 billion), packaged medicines ($84.1 billion), broadcasting equipment ($82 billion), and crude petroleum ($75.1 billion), importing mostly from China ($438 billion), Mexico ($326 billion), Canada ($264 billion), Germany ($116 billion), and Japan ($112 billion).

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