Recovery In Progress For U.S. Trade in Manufactured Goods
03/12/2010
The seasonally-adjusted manufactured goods trade deficit declined a bit in January, compared to December 2008, to a minus $28 billion. In mid-2006 that figure peaked at $520 billion.
According to the Commerce department U.S. manufacturers were responsible for 60 percent of U.S. exports, and while the recovery is happening at a fast clip the figures are 20 percent below July 2008.
The January 2009 to January 2010 increase in exports of goods reflected increases in industrial supplies and materials ($7.0 billion); automotive vehicles, parts, and engines ($3.4 billion); consumer goods ($2.1 billion); foods, feeds, and beverages ($1.7 billion); capital goods($1.6 billion); and other goods ($0.4 billion).
The January 2009 to January 2010 increase in imports of goods reflected increases in industrial supplies and materials ($9.1 billion); automotive vehicles, parts, and engines ($5.4 billion); capital goods ($2.0 billion); consumer goods ($0.8 billion); foods, feeds, and beverages ($0.3 billion); and other goods ($0.3 billion).
Most Read
-
-
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
Q3 2019
-
Hot Jobs: Growing Industrial Sectors
Q4 2019
-
A Site Selector’s Checklist for Locating in the U.S.
Location USA 2019
-
Where to Invest in the Booming Aerospace Manufacturing Industry
2019 Auto/Aero Site Guide
-
Hiring Challenges Continue Throughout the U.S.
Q4 2019
-
Tips for Navigating Incentives in Site Selection Process
Q1 2020