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Publisher: Bureau of Transportation Statistics | ISBN: 016051360X | edition 2003 | PDF | 153 pages | 3,9 mb
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As the world’s largest trading nation, the United States imports andexports more merchandise than any other country. This report provides abroad overview of changes in U.S. international merchandise trade since1990 and how transportation modes and services enable this trade, whichis a vital part of the U.S. economy.
From 1990 to 2001, U.S. gross domestic product (GDP), overallmerchandise trade, and the merchandise trade deficit all experiencedsubstantial growth, although at varying rates. The relative importanceof export and import merchandise trade to the U.S. economy alsoincreased during this period. Between 1990 and 2001, the ratio of thevalue of merchandise trade to GDP rose from 13 to 22 percent ininflation-adjusted terms. Furthermore, U.S. merchandise exportscompared to the production of tradable goods has risen, meaning goodsexports have become more important to domestic production despite thedecline in manufacturing’s share of GDP.
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