View Section in Publication :: Return to Overview
Key Economic Trends
- In 2010, the U.S. trade deficit for minerals and metals increased by $13.6 billion (42 percent) largely due to greater demand from various downstream U.S. industries arising from the rebounding domestic economy.
- U.S. exports of minerals and metals grew by $25.6 billion, principally due to rising exports of precious metals and non-numismatic coins; steel mill products; and copper and related articles. Global price increases for key products in these industries, along with greater demand in leading markets, drove much of this growth.
- The $39.2 billion (34 percent) increase in the value of U.S. imports was also driven by rising prices for raw materials—due to heightened demand in India and China—and the weakening of the U.S. dollar.
Trade Shifts from 2009 to 2010
- U.S. trade deficit: Increased by $13.6 billion (42 percent) to $46.3 billion
- U.S. exports: Increased by $25.6 billion (30 percent) to $109.9 billion
- U.S. imports: Increased by $39.2 billion (34 percent) to $156.2 billion
Selected Product Shifts
- Natural and synthetic gemstones
- Precious metals and non-nuismatic Coins
- Copper and related products
- Steel mill products
USITC Publications
- Certain Steel Wheels from China, Investigation Nos. 701-TA-478 and 731-TA-1182 (Preliminary), USITC Publication 4233, May 2011.
- Unrought Aluminum: Industry and Trade Summary, USITC Publication ITS-06, March 2010.
- Certain Gold Necklaces and Chains, Advice on Providing Possible Modifications to the U.S. Generalized System of Preferences, 2009 Review of Additions and Removals, Inv. No. 332-507, USITC Publication 4126, March 2010, 5-1 to 5-9.
- Aluminum Conductor Steel-reinforced Cable and Wire, Advice on Providing Possible Modifications to the U.S. Generalized System of Preferences, 2009 Review of Additions and Removals, Inv. No. 332-507, USITC Publication 4126, March 2010, 4-1 to 4-6.
- Certain Unwrought Aluminum, in Coils, Advice on Providing Possible Modifications to the U.S. Generalized System of Preferences, 2008 Review, Inv. No. 332-493, Publication 3982, U.S. International Trade Commission, Office of Industries, Washington, DC, January 2008,
4-1 to 4-4. - Hollow Profiles, of Aluminum Alloys, Advice on Providing Possible Modifications to the U.S. Generalized System of Preferences, 2008 Review, Inv. No. 332-493, Publication 3982, U.S. International Trade Commission, Office of Industries, Washington, DC, January 2008, 5-1
to 5-4. - Manganese Metal Powder, Advice on Providing Possible Modifications to the U.S. Generalized System of Preferences, 2008 Review, Inv. No. 332-493, Publication. 3982, U.S. International Trade Commission, Office of Industries, Washington, DC, January 2008, 6-1
to 6-4.
Other Resources