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Exports, Imports and Trade Balance
- The trade deficit for transportation equipment narrowed by 16 percent to $76.3 billion in 2006, led primarily by strong growth in U.S. exports of aircraft, spacecraft, motor vehicles, and construction and mining equipment.
- Canada is the largest U.S. trading partner in this sector, accounting for 26 percent of U.S. imports and 29 percent of U.S. exports.
- Almost half of the increase in exports resulted from increasing global demand for large civil aircraft (LCA) and parts for LCA.
- Motor vehicles, construction and mining equipment, and certain motor vehicle parts showed the largest value increases in U.S. imports.
Trade Shifts in 2006 from 2005
- U.S. trade deficit: Increased $4.2 billion (4,071 percent) to $4.4 billion
- U.S. exports: Increased $1.8 billion (3 percent) to $68.7 billion
- U.S. imports: Increased $6.0 billion (9 percent) to $73.1 billion