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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: MythMan who wrote (3070)7/17/1998 5:03:00 PM
From: Cynic 2005  Read Replies (2) of 86076
 
More on trade deficit.
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The rise in imports in May was mainly due to capital equipment and autos. Imports of capital equipment rose $765 million to $23.1 billion. Imports of computer accessories rose 5.4 percent to $5.6 billion and imports of aircraft soared 29 percent to $641 million. Imports of semiconductors fell 3 percent to $2.8 billion.

Imports of autos rose 3 percent to $12.5 billion.

Imports of consumer goods fell 2.1 percent to $17.9 billion on lower shipments of pharmaceuticals, artwork and toys. Imports of stereos and TVs rose.

Imports of industrial supplies and materials rose 0.5 percent to $17.4 billion on higher imports of iron and steel. Imports of petroleum fell 7.1 percent to $3.3 billion as the volume fell from April's record level of 10.1 million barrels a day to 9 million.

Imports of foods rose 1.4 percent to $3.4 billion.

On the export side, the drop was mainly due to autos, capital goods and consumer goods. Exports of autos fell 7.5 percent to $6 billion, mostly on exports to Canada and Mexico.

Exports of capital equipment dropped 0.4 percent to $23.7 billion. Exports of telecommunications equipment plunged 12.7 percent to $1.9 billion while exports of semiconductors sank 4.4 percent to $2.9 billion. Exports of a variety of engines, industrial machines and computers also fell. Exports of aircraft rose 27.4 percent to $2.1 billion.

Exports of foods and feeds dropped 3 percent to $3.6 billion. Exports of wheat rose 20 percent.

Exports of consumer goods fell 7.9 percent to $6.5 billion. Exports of industrial supplies rose 4.5 percent to $12.5 billion. >>
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