The whole issue of exports is far
larger than just the automotive performance parts and accessories industry. The most current government
data on exports and imports details just how far out of balance the two are. Recently the U.S. Bureau of
Economic Analysis announced that December exports totaled $142.7 billion and imports were $182.9 billion. That
resulted in a goods and services deficit of $40.2 billion, up from $36.4 billion in November.
In December, the exports of goods increased
$4.6 billion to $99.1 billion, and imports of goods increased $8.1 billion to $150.9 billion, increasing the goods trade deficit
$3.4 billion from November to $51.8 billion.
The November to December increase in exports of goods reflected increases in capital goods ($1.8 billion);
industrial supplies and materials ($1.6 billion); automotive vehicles, parts, and engines ($0.9 billion); other goods ($0.3
billion); and consumer goods ($0.3 billion).
The continuing imbalance in trade leads to more jobs being lost in the US.
Source: Fast Lane Research