EFTA01449284

28 February 2013 Exchange Rate Perspectives Deutsche Bank 0 U.S. Bilateral Trade Balances by Country & Region Fig 24: U.S. Trade Balance with China 0 -10 -lb -20 -25 -30 1994 1998 1996 Moral* CAS lbarsl Annual (USS bn line) 2000 2002 2004 2006 20 2010 2012 Source: OataSeeem 50 •103 •150 -200 250 -300 Fig 26: U.S. Trade Balance with the Pacific Rim China and JaPian. LOSS 58.1(bats) 1994 1996 1998 2000 2032 2004 2036 2008 2010 2012 Source: DataStreern AnnuallUSS0411164, -5 -IS -25 .35 -45 .55 -65 .75 -85 Fig 28: U.S. Trade Balance with Western Europe iMoilthlf WU On Meg 0 -2 .4 -0 -8 -10 -12 -14 1994 1996 1996 2000 2002 2004 2006 2008 2010 2012 Source: DeteStream Page 33 Annual fuss on 0 -20 -40 -CO -80 -100 -120 -140 Fig 25 . U.S. Trade Balance with Japan Sow Co IlareSt nom Fig 27: U.S. Trade Balance with OPEC 0 40 80 -120 -160 -200 Source: DataStreem Fig 29: U.S. Trade Balance with Canada -2 -e -e -10 Monthly SISSbn.1 lbars1 0 -10 -20 -30 -40 -60 -60 Annually% bn -80 One) -12 -90 1994 1996 1998 2000 2002 2004 2006 2009 2010 2012 Source: DereStreem Deutsche Bank AG/London CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0104626 SDNY_GM_00250810 EFTA01449284