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Secretary Gutierrez: Exports Remain Essential to U.S. Economy

Washington (Dec. 11)—U.S. Commerce Secretary Carlos M. Gutierrez issued the following statement on the release of the October 2008 U.S. International Trade in Goods and Services report by the Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Today’s report shows that U.S. exports increased by 15.8 percent to $1.6 trillion year-to-date (through October) over 2007. Imports also increased 11.4 percent to $2.2 trillion and the trade deficit increased 1.4 percent during the same time period. (More) (Fact Sheet)