United States Trade United States' International Term Paper

Pages: 2 (507 words)  ·  Bibliography Sources: 1  ·  File: .docx  ·  Topic: Economics

United States Trade

United States' international trade in goods and services for the month of October 2007 reported a $57.8 billion deficit. The deficit emerged due to the $141.7 billion exports and $199.5 billion imports. It seems that the U.S. trade is on an ascending direction, given the fact that October's deficit is $0.7 billion more than the $57.1 billion deficit in September. Compared to September, U.S. October exports were $1.3 billion more, while the imports were $2.0 billion more (U.S. Census Bureau, 2007).

Another characteristic for United States' trade in the month of October was the fact that the goods deficit increased $0.9 billion to September to $66.8 billion. Also, the services surplus reached $8.9 billion after a $0.2 billion increase. In October 2007, exports of goods reached $101.1 billion, reporting a $0.7 billion increase compared to September. Imports of goods reached $167.8 billion, reporting a $1.6 billion increase compared to the previous month. Trade regarding the services sector also increased in October: exports reached $40.6 billion, benefiting from a $0.5 billion increase, while imports reached $31.7 billion after a $0.3 billion increase compared to the previous month.

Although latest statistics show a slightly descending direction for U.S. trade, the country's goods and services deficit for October 2007 was $0.3 billion lower than the value registered in October 2006. Compared to this period, exports increased up to 13.7% ($17.1 billion), while imports increased up to 9.2% ($16.7 billion) in October 2007.Buy full Download Microsoft Word File paper
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