Zeev's Turnips Patch-No Politics (ZEEV)

[gigem77]

In 2006 U.S. exports grew by 12.7 percent over 2005 to $1.4 trillion. Exports comprised 11.1 percent of U.S. GDP in 2006, the highest ever in dollar terms. (That's a big impact on the economy). July (most recent month for which we have data) exports of goods and services ($137.7 billion) and July exports of goods ($98.4 billion) were records.
That 98.4 billion one month record export of goods included:
Foods, feeds, and beverages 6.870 billion
Industrial supplies and materials 26.374 billion
Capital goods, except automotive 38.561 billion
Automotive vehicles, parts, and engines 11.343 billion
Consumer goods 12.360 billion
other 4.1 billion

The U.S. is the #2 exporter in the world, behind Germany by a little bit, but way ahead of China and Japan. Subtract Germany and the U.S. exports more than the rest of the E.U. put together.

In 2006, amid record imports of manufactured products:
• Real U.S. manufacturing output reached an all-time high.
• Real manufacturing revenues reached an all-time high.
• Real manufacturing operating profits reached an all-time high.
• After-tax profit rates for manufacturing corporations reached an all-time high.
• Return on equity for manufacturing corporations reached an all-time high.
• The value of U.S. manufacturing exports reached an all-time high.
• U.S. factories remained the world’s most prolific, accounting for over a fifth of world manufacturing value added.


If you want to read further begin here: http://www.census.gov/foreign-trade/Press-Release/current_press_release/ft900.pdf

http://www.freetrade.org/files/pubs/pas/tpa-035.pdf