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Imports and Exports Decrease Slightly in August

Posted By katrinarosen On October 11, 2012 @ 8:57 am In Foreign Trade Data | 1 Comment

By: Sean Kline

As some of our most ardent followers probably know already, we just released our August trade statistics.  The numbers indicate that the deficit in goods and services increased from $42.5 billion (revised numbers for July) to $44.2 billion in August.

Exports Decreased to $181.3 Billion While Imports Waned to $225.5 Billion (Goods & Services)

Exports decreased by $1.9 billion due largely to decreases in industrial supplies and materials ($1.2 billion) as well as foods, feeds, and beverages ($1.1 billion).  These decreases were slightly offset by a $0.4 billion increase in capital goods.  The $0.2 decrease in imports is attributed to a decrease in consumer goods ($1.2 billion) and automotive vehicles, parts, and engines ($0.8 billion).  It is important to note, however, that there were increases in imports of industrial supplies and materials ($1.5 billion).  For more information, click here [1].

Exports to India Reach New Heights

In one of our previous blogs [2], we highlighted India as a National Export Initiative Priority Market and apparently some of you were paying attention because exports to India hit a record high of $2.1 billion in August.  As you can see below, I’ve graphed U.S. exports to India over the past 3 years.  If you would like even more detailed data on the commodities that have experienced the largest gains, I suggest you take advantage of a free trial of USA Trade Online [3].  This type of detailed data is available not only for India but for our other 233 trading partners as well.  In addition, the U.S. Commercial Service also offers resources for companies that are looking to export to India at export.gov/india [4].  Happy exporting!


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1 Comment To "Imports and Exports Decrease Slightly in August"

#1 Comment By half moon On October 24, 2012 @ 3:06 am

1/6 of people come from India. It’s can be a very large economic power aside with china.

Article printed from Global Reach Blog: http://globalreach.blogs.census.gov

URL to article: http://globalreach.blogs.census.gov/2012/10/11/august-2012-trade-data/

URLs in this post:

[1] click here: http://www.census.gov/foreign-trade/Press-Release/current_press_release/

[2] previous blogs: http://globalreach.blogs.census.gov/2011/12/28/nei-priority-markets-india/

[3] free trial of USA Trade Online: http://usatrade.census.gov/

[4] export.gov/india: http://export.gov/india/

[5] Image: http://globalreach.blogs.census.gov/files/2012/10/India_Press-Release-August-20121.png