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US TRADE SNAPSHOT The U.S. trade deficit, for goods and services, showed a significant increase to a record 168.6 billion in 1998, compared to 110.2 billion in 1997. The most recent available data from the U.S. Census Bureau, however, indicated the trade deficit decreased to 13.8 billion in December, from 15.3 billion in November. As indicated below, both imports and exports decreased from November to December offering some improvement over the record trade deficits posted earlier in 1998. EXPORTS
IMPORTS
Figures in billions of US dollars
The persistent crisis in global financial markets has continued to decrease total US exports. Overseas economic problems have reduced demand for many US exports. US agriculture has been hit particularly hard. Imports have increased, by sector, in the apparel industry, pharmaceuticals, telecommunications and automobiles. |
Top
10 countries with which the U.S. has a trade deficit
Figures in millions
of U.S. dollars
Top 10 countries with which the U.S. has a trade surplus
Figures in millions of U.S. dollars
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Top 10 U.S. Trading Partners
Figures in billions of US dollars
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