Society for American Industry

     We Must Work Together or We Will Sink Separately         

 

U.S. Census Bureau

Balance of Trade Data

Goods and Services

1975 - Present

(in billions of dollars)



 

Total

Goods

Services

1975

12.4

8.9

3.5

1976

-6.1

-9.5

3.4

1977

-27.2

-31.1

3.9

1978

-29.8

-33.9

4.2

1979

-24.6

-27.6

3.0

1980

-19.4

-25.5

6.1

1981

-16.2

-28.0

11.9

1982

-24.2

-36.5

12.3

1983

-57.8

-67.1

9.3

1984

-109.1

-112.5

3.4

1985

-121.9

-122.2

0.3

1986

-138.5

-145.1

6.5

1987

-151.7

-159.6

7.9

1988

-114.6

-127.0

12.4

1989

-93.1

-117.7

24.6

1990

-80.9

-111.0

30.2

1991

-31.1

-76.9

45.8

1992

-39.1

-96.9

57.8

1993

-70.2

-132.5

62.3

1994

-98.4

-165.8

67.5

1995

-96.3

-174.2

77.9

1996

-103.9

-191.0

87.1

1997

-108.2

-198.1

89.9

1998

-164.9

-246.7

81.8

1999

-263.3

-346.0

82.8

2000

-378.3

-452.4

74.1

2001

-362.7

-427.2

64.5

2002

-421.2

-482.3

61.1

2003

-494.8

-547.3

52.5

2004

-617.6

-665.4

47.8

2005

-723.6

-781.6

58.0

2006

-729*

--

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 Source: U.S. Census Bureau

This Commerce Department U.S. Census Bureau table of U.S. Balance of Trade for Goods and Services from 1975 to 2006 gives the data the graph on the previous page relies on. 1975:  $12.4 Billion Surplus; 2006 Projected: $729 Billion Deficit. As it turned out the actual trade deficit was $765.27 Billion.

This is not a good trend.

U.S. Census Bureau

 

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A word from the wise

is rarely sufficient.

 

"The U.S. Trade Deficit

is a bigger threat to the

domestic economy than

either the federal budget

deficit or consumer debt

and could lead to

domestic turmoil.

 

Warren Buffett 

**************************

 

We need government

in the General Interest

rather than government

for the Special Interests.

 

"Our government should

pay more attention to Main

Street and less attention

to Wall Street.”

 

James D. Kirk, Jr.

President

Society for American Industry

 

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