Academic journal article Journal of Accountancy

Higher Exports Aid U.S. Trade Balance

Academic journal article Journal of Accountancy

Higher Exports Aid U.S. Trade Balance

Article excerpt

HIGHER EXPORTS AID U.S. TRADE BALANCE

In the first four months of 1991, the United States posted a trade deficit of $21.7 billion, a hefty 36% below the $33.8 billion deficit recorded in the first four months of 1990. On an annualized basis, the U. S. trade deficit for 1991 is currently running at a rate of about $65 billion, less than two-thirds of 1990's $101.7 billion and less than half of the record gap of $152.1 billion posted in 1987.

Strength in U.S. exports has been the key to the improved trade balance performance. Despite slower economic activity abroad, exports rose by 7% in the first four months of 1991, while imports declined by about 2% as a result of the recession here.

The United States improved its trade performance with all its major trading partners, with the exceptions of Canada, China and the Organization of Petroleum-Exporting Countries nations. …

Author Advanced search

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.