Foreign Trade Figures Climb

Aviation International News » April 2006
September 22, 2006, 4:33 AM

U.S. aerospace exports rose $10.6 billion, or 18.7 percent, to a record $67.4 billion last year, according to the Aerospace Industries Association (AIA). That paved the way for an increase in the positive trade balance, jumping $8.8 billion to $39.8 billion, a 28-percent hike.

“Once again aerospace is flexing its muscle,” said AIA president and CEO John Douglass. “The figures bolster not only our industry, but the entire U.S. economy.”

While that positive trade balance in aerospace is not a record, AIA said it represents an important boost to overall U.S. foreign trade, a category that carries a $767 billion deficit. Even with aerospace imports totaling $27.6 billion last year, aerospace boasts the largest positive trade balance in the U.S. manufacturing sector.

FILED UNDER: 
Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.

 
X