Shifts in U.S. Merchandise Trade 2013, an annual compendium of data and analysis examining changes in trade with key U.S. partners and in important U.S. industries, was released today by the U.S. International Trade Commission (USITC).
The USITC, an independent, nonpartisan, factfinding federal agency, releases the information in a web-based format that provides details and reasons for key shifts in trade and that can be searched by country or industry sector.
Users will find a comprehensive review of U.S. trade performance in 2013, focusing on changes in U.S. exports, imports, and trade balances of agricultural and manufacturing industries, key natural resources, as well as changes in U.S. trade with major partners and country groups. Also included are profiles of the U.S. industry and market for over 250 industry groups and subgroups, offering data for 2009-13 on consumption, production, and trade.
The report examines:
- industry developments and the principal drivers influencing trends in U.S. trade;
- leading products the United States exported to and imported from its most important trading partners and the key factors influencing trade in these products;
- price fluctuations, global market trends, government trade policies, and other major factors affecting U.S. trade in 2013.
In the 2013 report, a special topic chapter provides an overview of the use of value added as an innovative method of analyzing trade flows, as well as a discussion of relevant data sources. The chapter describes how this information can help business officials, government representatives, and others better understand the economics of global manufacturing and gain a more precise and nuanced picture of trade deficits and surpluses.
Shifts in U.S. Merchandise Trade 2013 can be accessed at http://www.usitc.gov/publications/332/pub4493.pdf.