EFTA Document EFTA01449380

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 1996 19913 MorchhyD/SS I)^. lbars1 Annual105S bn line) 2000 2002 2004 2006 20 2010 2012 Source: OatsSenn, 50 -100 •150 -200 250 -300 Fig 26: U.S. Trade Balance with the Pacific Rim China and .Japan'' LOSS b8.1(bats) 1994 1996 1998 2000 2032 2004 2036 20013 2010 2012 Source: DataStream A880411055 WI licsi -IS -25 .35 -45 .55 -85 Fig 28: U.S. Trade Balance with Western Europe iMoilthlf 1US$ On Meg 0 -2 .4 -0 -8 -10 -12 -14 1994 1996 1998 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 1996 1996 2000 2002 2004 2006 2038 2010 2012 0 -40 90 -120 -100 -200 Source: DataStreem Fig 29: U.S. Trade Balance with Canada -2 -e -e -10 Monthly SISSbn.1 lhatral 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-0104769 SDNY_GM_00250953 EFTA01449380