10
October
2006
Here’s the first paragraph from a story in eCargonewsAsia:
Shipper apprehension over possible congestion at major U.S. seaports has been assuaged by a recent trade report. “The system is handling volumes that have never been seen before, thanks mainly to continued growth in the demand for Asian imports,” Global Insight economist Paul Bingham said.
Check out the article at: http://www.cargonewsasia.com/ecna/preview.aspx?article=3109
Posted: International trade, Import Export Statistics, China, Los Angeles, Savannah, Japan, Manufacturing, Maritime
31
August
2006
Some little nuggets for your consideration …1. Deficit, deficit, deficit. It’s all you hear. But while the the United States had trade deficits with 118 nations in 2005, it had trade surpluses with 112.
2. Of course, that’s not the whole story. The record $201 billion U.S. deficit with China in 2005 was more than three times greater than the total of all those surpluses combined.
3. Canada is overwhelmingly the nation’s leading trade partner and is on course to surpass one half trillion dollars in trade in 2006, the first nation to cross the $500 billion mark.
4. The U.S. could surpass $100 billion in exports to the world in 2006, surpassing that milestone for the first time, when annual figures are released.
5. Only one of the nation’s leading Customs districts has had a trade surplus every year the last decade: Miami.
6. Los Angeles has the nation’s biggest trade deficit.
7. Many U.S. airports have trade surpluses while most seaports have deficits. That is due to the nature of their trade.
8. Houston has been the nation’s fastest-growing Customs district, in dollar terms, the last couple of years because of one thing – the rising price of oil.
9. Detroit leads the nation in exports, and surpassed $105 billion in 2005, the first Customs district to ever pass $100 billion. Detroit is the nation’s third-ranked Customs district overall, behind Los Angeles and New York.
10. China, which only recently Japan to become the United States’ No. 3 ranked trade partner, is likely to surpass Mexico and become the nation’s No. 2 trade partner when 2006 figures are released.
11. The Savannah Customs district, which includes Atlanta and the rest of Georgia, is likely to surpass Buffalo and leap into the Top 10 in 2006.
12. The United States’ second-largest trade deficit is with Canada followed by Mexico.
Posted: International trade, Import Export Statistics, Trade Deficit, China, Los Angeles, Houston, Miami, New York, Detroit, Canada, Mexico, Oil, Savannah, Atlanta, Japan
