Chemical & Engineering News

June 23, 1997


Copyright © 1997 by the American Chemical Society

FOREIGN TRADE


U.S. TOTAL TRADE BALANCE: Growth of exports shaded imports, but the deficit widened

$ Billions 1993 1994 1995 1996 % change 1995-96
Total exports $439.2 $512.4 $584.7 $624.8 7%
Total imports 579.9 663.8 743.4 791.4 6
Trade balance -140.7 -151.4 -158.7 -166.6 5

Source: Department of Commerce




U.S.CHEMICAL TRADE: Surplus declined as imports surged 11%

$ Billions 1993 1994 1995 1996 % change 1995-96
Chemical exports $45.1 $51.6 $60.8 $62.9 3%
Chemical imports 28.5 33.9 40.4 44.9 11
Chemical trade balance 16.6 17.7 20.4 18.1 -11

Source: Department of Commerce




U.S. TOTAL EXPORTS: Chemicals had largest trade surplus of any category

U.S. exports U.S. imports
$ Billions 1993 1994 1995 1996 1993 1994 1995 1996
Machinery & transport equipment $209.0 $232.5 $257.8 $278.7 $260.0 $308.2 $350.6 $362.8
Miscellaneous manufactures 50.6 55.9 61.7 67.3 104.5 113.9 123.8 131.6
Chemicals 45.1 51.6 60.8 62.9 28.5 33.9 40.4 44.9
Manufactured goods classified by material 36.6 40.9 49.9 51.9 66.2 78.8 89.4 91.6
Food & live animals 32.8 34.3 40.9 44.5 23.0 25.5 27.2 28.9
Crude materials, inedible except fuels 24.3 27.0 34.5 31.9 15.4 17.7 20.7 21.3
Mineral fuels & lubricants 9.7 8.9 10.4 12.1 55.6 56.4 59.1 73.0
Beverages & tobacco 6.5 7.9 7.9 7.9 5.5 5.2 5.3 6.6
Animal & vegetable oils, fats & waxes 1.5 1.9 2.5 1.8 1.0 1.2 1.4 1.6
Other 23.1 21.0 21.5 25.3 20.2 23.0 25.4 28.9
TOTAL $439.2a $512.4a $584.7a $624.8a $579.9 $663.8 $743.4 $791.4

a Includes reexported imports not included in individual categories. Source: Bureau of the Census


U.S. CHEMICAL TRADE: European, Asian, African imports surged in 1996


WORLD CHEMICAL TRADE: Imports continued to grow strongly in the U.S. and Japan


U.S. TRADE, BY PRODUCTS: Organic chemical, fertilizer exports declined