EXPORTS, IMPORTS, and TRADE BALANCE

KEY TRENDS

• The trade balance for transportation equipment improved by $6.9 billion (7 percent) in 2005, leading to an overall deficit of $90.9 billion. The improvement in this sectoral deficit was led by strong growth in U.S. exports of such goods as aircraft, spacecraft, and related equipment; aircraft engines and gas turbines; construction and mining equipment; and motor vehicles.
  
  
• U.S. exports of aircraft, spacecraft and related equipment rose on increasing global demand for large civil aircraft (LCA) and parts for the existing fleet of LCA. Total U.S. exports of this group rose by $7.9 billion (20 percent) to $48 billion, with LCA representing $18.8 billion (39 percent) and parts for civil aircraft accounting for $11 billion (23 percent).
  
  
• U.S. exports of motor vehicles rose $4.7 billion (16 percent) to $34.7 billion, resulting in a $1.3 billion (1 percent) improvement in the trade deficit, now standing at $111.5 billion. U.S. exports of construction and mining equipment rose $3.7 billion (32 percent) to $15.4 billion, the bulk of which was composed of parts for construction and mining equipment at $8.9 billion.
  
  
• Aircraft engines and gas turbine exports increased $3.1 billion to $20.8 billion. Principal markets for these goods were France, the United Kingdom, and Singapore.

TRADE SHIFTS in 2005 from 2004

• U.S. trade deficit: Decreased $6.9 billion (7 percent) to $90.9 billion
• U.S. exports: Increased $24.6 billion (16 percent) to $180.5 billion
• U.S. imports: Increased $17.7 billion (7 percent) to $271.5 billion
• Aircraft Engines, Other Gas Turbines, and Parts Thereof; Internal Combustion Piston Engines, Other Than for Aircraft; Construction and Mining Equipment; Motor Vehicles; Certain Motor-Vehicle Parts; and Aircraft Spacecraft, and Related Equipment exhibited the largest shifts.
  
  

LINKS

USITC PUBLICATIONS
Industry Trade and Technology Review

• Powder Metallurgy and Advanced Aluminum Sheet Processing: Applications of Advanced Technology in the Automotive Industry

OTHER GOVERNMENT RESOURCES
U.S. Department of Commerce, International Trade Administration

• Office of Aerospace Industries
• Office of Automotive Team

U.S. Department of Transportation, Federal Aviation Administration

• FAA Aerospace Forecasts FY 2006-2017

SECTOR SHIFTS

| Agricultural Products | Forest Products | Chemicals and Related Products |
| Energy and Related Products | Textiles, Apparel, and Footwear |
| Minerals and Metals | Machinery | Transportation Equipment |
| Electronic Products | Miscellaneous Manufactures |

COUNTRY SHIFTS