Even with the trade slowdown, the U.S. chemical industry kept its coveted position as the country’s second-largest exporter after the machinery sector. But within chemicals, both imports and exports fell last year. Imports fell more sharply than exports, with the result that the U.S. trade surplus in chemicals almost quadrupled to $8.6 billion in 2009 compared with 2008.
by Assistant Managing Editor Michael McCoy, Senior Correspondent Marc S. Reisch, Senior Editor Alexander H. Tullo (all three in C&EN’s Northeast News Bureau), and Senior Correspondent Jean-François Tremblay (Hong Kong). Senior Editor Melody Voith (Washington, D.C.) collected data and coordinated the work. |
July 05, 2010