Apr 4, 201704:31 PMBlog
U.S. Int’l trade deficit improves
The nation's international trade deficit in goods and services decreased to $43.6 billion in February 2017 from $48.2 billion in January (revised), as exports increased and imports dropped.
That report issued this morning by U.S. Census Bureau showed real dollar exports of consumer goods were the highest on record at $17.8 billion. Capital (industrial) Goods and Industrial Supplies maintained their positions as the two largest categories of goods sent out of the country to foreign-based customers.
Foods, Feeds & Beverages exported marked a seven month low point in February.
By individual foreign marketplace, the monthly trade gap narrowed the most with China, a 26.6 percent decline of $8.3 billion. Trade with Mexico, on the hand, saw the widest change, with a 46 percent expansion of $1.8 billion deficit.
Looking through an annual profile of U.S. Importing and Exporting Companies, also released today, shows that the top 100 American manufacturers contributed 32.5 percent of the total known export value through 2014-15. For imports, the top 50 manufacturers accounted for 52.4 percent of the known value.
The total value of exports from Washington state between 2014 and 2015 was off by $4.6 million, due largely to a drop in exports by small and medium-sized suppliers of $12 million.
Today’s release of this data by Census Bureau is extensive with many tables, and is accessible at this link.