Net Exports By Category For September 2008

Form the US census bureau, here are imports and exports of goods by end-use category and commodity for September 2008. It is interesting to see where the trade deficit is concentrated.

September

(In millions of dollars)

2008

Net

IMPORTS

EXPORTS

Exports

Total, Balance of Payments Basis

177,677

108,078

(69,599.00)

Net Adjustments

1,461

-459

(1,920.00)

Total, Census Basis

176,216

108,537

(67,679.00)

Foods, feeds, and beverages

7,604

9,101

1,497.00

Fish and shellfish

1,221

357

(864.00)

Wine, beer, and related products

719

120

(599.00)

Alcoholic beverages, excluding wine

477

112

(365.00)

Green coffee

327

(327.00)

Fruits, frozen juices

840

586

(254.00)

Vegetables

678

446

(232.00)

Food oils, oilseeds

423

198

(225.00)

Bakery products

543

345

(198.00)

Tea, spices, etc.

108

(108.00)

Cocoa beans

33

(33.00)

Other foods

752

733

(19.00)

Nonagricultural foods, etc.

69

95

26.00

Dairy products and eggs

143

254

111.00

Feedstuff and foodgrains

366

495

129.00

Sorghum, barley, oats

156

156.00

Rice

202

202.00

Nuts

143

346

203.00

Meat products

670

1,309

639.00

Wheat

964

964.00

Soybeans

1,019

1,019.00

Cane and beet sugar

93

1,365

1,272.00

Industrial supplies and materials

65,666

33,307

(32,359.00)

Crude oil

26,548

117

(26,431.00)

Petroleum products, other

4,974

2,164

(2,810.00)

Gas-natural

2,564

513

(2,051.00)

Natural gas liquids

1,828

267

(1,561.00)

Fuel oil

3,636

2,310

(1,326.00)

Iron and steel mill products

2,255

1,160

(1,095.00)

Tobacco, waxes, etc.

576

74

(502.00)

Aluminum and alumina

1,118

761

(357.00)

Electric energy

431

80

(351.00)

Shingles, wallboard

679

350

(329.00)

Iron and steel products, other

937

613

(324.00)

Chemicals-fertilizers

1,891

1,576

(315.00)

Coal and fuels, other

571

266

(305.00)

Nuclear fuel materials

472

204

(268.00)

Other industrial supplies

2,043

1,814

(229.00)

Nickel

214

(214.00)

Nontextile floor tiles

221

41

(180.00)

Zinc

135

(135.00)

Nonmetallic minerals

198

64

(134.00)

Agric. industry-unmanufactured

664

533

(131.00)

Finished textile supplies

307

196

(111.00)

Tapes, audio and visual

142

42

(100.00)

Tin

100

(100.00)

Mineral supplies-manufactured

509

432

(77.00)

Wood supplies, manufactured

195

120

(75.00)

Chemicals-inorganic

752

681

(71.00)

Finished metal shapes

1,486

1,434

(52.00)

Metallurgical grade coal

744

710

(34.00)

Precious metals, other

752

721

(31.00)

Copper

570

545

(25.00)

Hair, waste materials

69

59

(10.00)

Industrial rubber products

295

293

(2.00)

Lumber

376

375

(1.00)

Leather and furs

53

72

19.00

Agric. farming-unmanufactured

171

196

25.00

Glass-plate, sheet, etc.

94

120

26.00

Synthetic rubber--primary

233

287

54.00

Manmade cloth

448

523

75.00

Cotton fiber cloth

113

238

125.00

Hides and skins

11

192

181.00

Steelmaking materials

1,091

1,281

190.00

Pulpwood and woodpulp

354

681

327.00

Nonferrous metals, other

359

687

328.00

Chemicals-organic

1,724

2,462

738.00

Cotton, raw

6

790

784.00

Newsprint

210

1,101

891.00

Nonmonetary gold

550

1,642

1,092.00

Chemicals-other, n.e.c.

799

2,001

1,202.00

Plastic materials

1,198

2,518

1,320.00

Capital goods, except automotive

30,512

34,591

4,079.00

Telecommunications equipment

4,003

2,761

(1,242.00)

Generators, accessories

1,825

956

(869.00)

Drilling & oilfield equipment

1,615

1,007

(608.00)

Electric apparatus

2,970

2,491

(479.00)

Photo, service industry machinery

1,206

884

(322.00)

Pulp and paper machinery

462

244

(218.00)

Metalworking machine tools

798

631

(167.00)

Wood, glass, plastic

494

414

(80.00)

Textile, sewing machines

130

118

(12.00)

Spacecraft, excluding military

1

2

1.00

Commercial vessels, other

6

20

14.00

Business machines and equipment

409

428

19.00

Vessels, except scrap

0

21

21.00

Specialized mining

95

119

24.00

Agricultural machinery, equipment

716

760

44.00

Industrial machines, other

3,023

3,068

45.00

Food, tobacco machinery

207

258

51.00

Marine engines, parts

63

123

60.00

Medicinal equipment

2,197

2,280

83.00

Nonfarm tractors and parts

147

303

156.00

Railway transportation equipment

139

378

239.00

Industrial engines

1,632

1,876

244.00

Materials handling equipment

1,017

1,321

304.00

Laboratory testing instruments

369

789

420.00

Measuring, testing, control instruments

1,232

1,713

481.00

Excavating machinery

690

1,347

657.00

Engines-civilian aircraft

1,200

1,943

743.00

Parts-civilian aircraft

742

1,712

970.00

Civilian aircraft

948

2,176

1,228.00

Semiconductors

2,176

4,448

2,272.00

Automotive vehicles, parts, and engines

18,553

10,335

(8,218.00)

Consumer goods

48,386

16,997

(31,389.00)

Apparel, textiles, nonwool or cotton

2,502

408

(2,094.00)

Apparel, household goods - cotton

3,995

(3,995.00)

Other household goods

4,754

1,453

(3,301.00)

TV's, VCR's, etc

3,568

304

(3,264.00)

Pharmaceutical preparations

6,307

3,468

(2,839.00)

Computer accessories

5,057

2,366

(2,691.00)

Toys, games, and sporting goods

3,266

879

(2,387.00)

Computers

3,187

1,150

(2,037.00)

Furniture, household goods, etc.

2,004

354

(1,650.00)

Footwear

1,333

(1,333.00)

Household appliances

1,701

597

(1,104.00)

Photo equipment

695

(695.00)

Camping apparel and gear

656

(656.00)

Writing and art supplies

1,128

612

(516.00)

Apparel,household goods-nontextile

692

182

(510.00)

Cookware, cutlery, tools

560

93

(467.00)

Gem diamonds

1,724

1,267

(457.00)

Motorcycles and parts

372

(372.00)

Stereo equipment, etc

559

201

(358.00)

Jewelry

982

648

(334.00)

Apparel, household goods - wool

304

(304.00)

Gem stones, other

246

(246.00)

Glassware, chinaware

186

48

(138.00)

Nursery stock, etc.

126

36

(90.00)

Artwork, antiques, stamps, etc.

703

627

(76.00)

Numismatic coins

106

30

(76.00)

Rugs

150

92

(58.00)

Musical instruments

143

192

49.00

Sports apparel and gear

52

52.00

Pleasure boats and motors

220

290

70.00

Tobacco, manufactured

72

72.00

Books, printed matter

368

457

89.00

Records, tapes, and disks

241

377

136.00

Toiletries and cosmetics

551

742

191.00

Other goods

5,493

4,203

(1,290.00)



My reaction: I put together is spreadsheet to show how vulnerable the US economy is. My personnal observations are:


1) Demand for
capital goods, the only area where the US is running a big surplus, is going to get killed. Orders for new commercial aircrafts are going to drop to zero fast.

2) The above data is from September, after commodity prices came tumbling down. When the dollar starts weakening again, the trade deficit for
Industrial supplies and materials
is going grow fast.

3) The only areas in
consumer goods
where the US is running a surplus are…

Musical instruments
Sports apparel and gear
Pleasure boats and motors
Tobacco, manufactured
Books, printed matter
Records, tapes, and disks
Toiletries and cosmetics

…isn't that sad?

This entry was posted in Currency_Collapse, Trade_Deficit. Bookmark the permalink.

0 Responses to Net Exports By Category For September 2008

  1. Dave says:

    What an interesting list. It dispelled a misconception I had, that the U.S. was a net importer of food. From this list, that appears to be false.

    Otherwise, it pretty much confirms my previous beliefs, namely that the U.S. exports things that ordinary people don't use: semiconductors, parts, machine tools, earthmoving equipment, aircraft, medical machines, and raw materials; and imports most of the things that ordinary people use.

    That being the case, if there is a global slowdown in trade, the U.S. will suffer privations of basic goods.

    Dave
    http://daveeriqat.wordpress.com/

  2. Dread says:

    So is this guy full of it or what? He seems to be of the opinion that we can just print money into oblivion and get away with it. That "parking" assets in metals is only a temporary measure, but soon one can go back into stocks...

  3. Anonymous says:

    Thank you very much for that detailed list. I too was suprised to see that if the import spicket is turned off we at least wont starve to death. But maybe thats a false hope because if farmers can get "real money" at a higher rate then they can get here, they'll do it.

    In fact I read a post on Argentina and the financial crisis they had and people there barely had anything to eat (the author actually got scurvy) despite being a very agriculturally orientated country.

    The Government tried to impose price controls, but like all price controls they were at a rate below the price of production which led to black markets and scarcity along with protests from the farmers who basically blockaded Buenos Aires.

    The list however gives me clues as to what is going to be in acute scarcity (ie. shoes,clothes,oil and seafood) which may be good domestic businesses to eventually allocate capital to.

    As far as our oil needs go, this nonsense about alternative energy, mass transit and infrastructure building being a replacement for the current economy is ridiculous and most likely a boondogle of epic proportions leading to hyperinflation and currency collapse.

    That capital needs to be conserved to build new factories that either supply is with the goods we NEED and are willing to PAY FOR or that we can export to other countries for the goods they have.

    Our economy is saying slow the hell down! Stop with the Caligula consumption. Get more sensible, save money and CONTRACT!

    After the contraction then we can sift through the ashes for any pearls left saving. But we need to learn how to save and be more self reliant again.

    PS (sorry for rambling)

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