Friday, August 07, 2009


IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations
-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor
---------------------- Stuart Basefsky
New York, NY 10016
-------------------------------Director, IWS News Bureau

United States International Trade Commission (USITC)

[full-text, 311 pages]
[This may be slow to download]

The annual Shifts in U.S. Merchandise Trade report is prepared on the basis of more than
250 major industry/commodity groups and subgroups identified by the U.S. International
Trade Commission (the Commission). The report contains the analysis of international trade
analysts of the Commission's Office of Industries, who routinely monitor trade
developments in all natural resource, agricultural, and manufacturing industries. The report
is divided into three parts.

Part I presents an analysis of U.S. merchandise trade in 10 merchandise sectors1 and overall
economic performance from 2007 to 2008. U.S. merchandise trade performance in 2008 is
summarized and compared with such performance in 2007. Coverage of the individual
merchandise sectors includes data showing U.S. export, import, and trade balance shifts by
sectors, industry/commodity groups (and in some cases subgroups), and shifts in trade with
U.S. trade partners. Major shifts in trade are highlighted and examined in greater detail in
the rest of the report. Part I also examines U.S. imports from trade partners eligible for U.S.
trade preference programs, most notably imports from beneficiaries of the African Growth
and Opportunity Act, the Andean Trade Preference Act, the Caribbean Basin Initiative, and
the Generalized System of Preferences.

Part II examines the shifts in U.S. trade with each of the top five U.S. trade
partners—Canada, China, the EU, Japan, and Mexico. Also examined are shifts in trade with
Brazil, India, and Russia—U.S. trading partners that are growing in significance. Summary
tables show the important shifts in U.S. bilateral trade and highlight leading changes in
industry/commodity groups for each of the major trade partners.

Part III presents a general overview for each of the 10 merchandise sectors, identifying
significant shifts in trade within each sector. Each sector chapter includes a statistical
summary table of industry/commodity groups or subgroups, showing absolute and percent
changes in bilateral trade in a year-to-year comparison of 2007 and 2008.2 In addition to the
sectoral analyses, shifts in 20 specific industry/commodity groups are examined in greater
detail. These industry/commodity groups were selected based on absolute and percentage
shifts in trade; such shifts must have exceeded $1.0 billion and 50 percent.

Press Release 3 August 2009

Merchandise Trade Deficit Grew 3 percent; Imports Up 8 percent; Exports Up 12 percent in 2008

Shifts in U.S. Merchandise Trade 2008, an annual compendium of data and analysis examining <> changes in trade with key U.S. partners and in crucial U.S. industries, was released today by the U.S. International Trade Commission (USITC).

The USITC, an independent, nonpartisan, factfinding federal agency, releases the information in a web-based format that focuses on reasons for key shifts in trade, provides more detail, and can be searched by country or commodity sector.

Shifts in U.S. Merchandise Trade 2008 can be accessed at:

Users will find a comprehensive review of U.S. trade performance in 2008, focusing on changes in U.S. exports, imports, and trade balances of key natural resource, agricultural, and manufacturing industries, as well as changes in U.S. trade with major partners and groups. Also included are profiles of the U.S. industry and market for over 250 industry/commodity groups and subgroups, offering data for 2004 08 on consumption, production, employment, and trade.

The report examines:

   * how trends in U.S. trade compare with trends in other major industrialized countries;
   * what the United States exported to China and what it imported in return; and
   * how increasing energy prices affected U.S. trade.
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
Telephone: (607) 255-2703                
Fax: (607) 255-9641                       

<< Home

This page is powered by Blogger. Isn't yours?