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Exports, Imports and Trade Balance



Key Trends

  • The U.S. trade deficit in miscellaneous manufactures expanded 5 percent to $75.6 billion in 2006, largely as a result of rising imports of furniture, video games, gold jewelry, sporting goods, and luggage.
  • The principal U.S. export destinations for miscellaneous manufactures were Canada, the United Kingdom, Japan, and Mexico, which collectively accounted for 51 percent of sector exports in 2006. Upholstered furniture, works of art (on loan and sold), gold jewelry, and video game cartridges were the principal exports to these countries.
  • Furniture, works of art, and precious jewelry and related articles accounted almost half of total imports of miscellaneous products in 2006.
  • China, Mexico, and Canada were the most significant suppliers of miscellaneous manufactures to the U.S. market in 2006, accounting for 66 percent of total imports.

Trade Shifts in 2006 from 2005

  • U.S. trade deficit: Increased $3.4 billion (5 percent) to $75.6 billion
  • U.S. exports: Increased by $4.3 billion (22 percent) to $23.4 billion
  • U.S. imports: Increased by $7.6 billion (8 percent) to $98.9 billion