Wednesday, November 10, 2004

As Reuters put it today,
The U.S. trade deficit narrowed sharply in September, aided by a slide in the value of the dollar, which helped push exports to record levels, a government report showed on Wednesday.
The evidence that a weaker dollar is the main cause is rather suspect in that throughout September the USD was still in its long Summer 2004 stable period. But that's not why I'm writing.

I'm writing about US "exports [at] record levels"! What US goods and services exactly are being gobbled up by the rest of the world at "record levels"? Here's a list of the US export sectors experiencing the biggest growth in 2004 over their 2003 levels.
Travel services . . . $9.7bn
Other private services . . . $6.9bn
Other transportation services . . . $4.6bn
Industrial machines, other . . . $4.1bn
Pharmaceutical preparations . . . $3.3bn
Telecommunications equipment . . . $3.2bn
Chemicals, organic . . . $3.1bn
Semiconductors . . . $2.7bn
Measuring, testing, control instruments . . . $2.5bn
Plastic materials . . . $2.5bn
Electric apparatus . . . $2.4bn
Passenger fares . . . $2.4bn
Computer accessories . . . $2.2bn
Engines, civilian aircraft . . . $1.9bn
Royalties and license fees . . . $1.9bn
Medicinal equipment . . . $1.6bn
Petroleum products, other . . . $1.6bn
Services transfers under US military sales contracts . . . $1.6bn
Metalworking machine tools . . . $1.4bn
Gem diamonds . . . $1.3bn
Wheat . . . $1.3bn
Industrial engines . . . $1.3bn
Corn . . . $1.2bn
Cotton, raw . . . $1.0bn
Discuss.

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