US COMMERCE DEPT. RELEASES LATEST US EXPORT FIGURES

GlobalTradeMag.com

The US exported $184 billion worth of goods and services, according to the latest figures released by the US Department of Commerce. Credit: redbubble.com

The US exported $184.3 billion in goods and services in March 2013, down from the $186 billion shipped overseas in February, according to the latest trade data released by the Bureau of Economic Analysis (BEA) of the US Commerce Department.

For the three months ending in March, exports of goods and services averaged $184.9 billion, while imports of goods and services averaged $227.2 billion, resulting in an average trade deficit of $42.3 billion.

The March figures show surpluses with Hong Kong of $3.2 billion; Brazil, $1.7 billion; Australia, $1.5 billion; and Singapore, $1.4 billion.

Deficits were recorded with China, $17.9 billion; the European Union, $9.9 billion; Japan, $6.6 billion; Mexico, $5.3 billion; Germany, $5.1 billion; OPEC, $4.5 billion; Canada, $2.3 billion; Ireland, $2.1 billion; Saudi Arabia, $2.1 billion; India, $1.8 billion; South Korea, $1.3 billion; and Venezuela, $1.3 billion.

Exports of goods and services over the last twelve months totaled $2.2 trillion, which is 39.7 percent above the level of exports in 2009. Over the last twelve months, exports have been growing at an annualized rate of 10.8 percent when compared to 2009.

According to the BEA, over the last twelve months, among the major export markets the countries with the largest annualized increase in US goods purchases, when compared to 2009, occurred in Panama, 31.2 percent; Russia, 24.7 percent; United Arab Emirates, 24.4 percent; Chile, 23.4 percent; Peru, 23.4 percent; Venezuela, 21.1 percent; Argentina, 21.1 percent; South Africa, 20.6 percent; Hong Kong, 20.6 percent; and Columbia, 20.3 percent.

lndustrial supplies accounted for 34 percent of total exports with capital goods claiming a 33 percent share; consumer goods,12 percent; foods, feeds, and beverages account, 9 percent; and automotive vehicles, parts, and engines, 9 percent.

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About Alexander Gordin
An international merchant banking professional with over twenty years of business operating and advisory experience in the areas of export finance, international project finance, risk mitigation and cross-border business development. Clients include foreign governments, municipalities and state enterprises as well as Fortune 500 and small/medium enterprises. Strong entrepreneurial instincts, combined with leadership and strategic skills. Transactional and negotiations experience in over thirty five countries. Author of the highly acclaimed "Fluent in Foreign Business" book and creator of the "Fluent in OPIC", "Fluent in EXIM","Fluent In Foreign Franchising", "Fluent in FCPA",and "Fluent in USTDA" seminar/webinar series. Currently developing "Fluent In ......" seminars and publications. Co-author of the Fi3 Country Business Appeal Indices. Extensive international business development and project finance transaction experience in healthcare, aerospace, ICT, conventional and alternative energy infrastructure, distribution and hospitality industries. Experience managing international public and private corporations. Co-Founded three companies abroad. Strong Emerging and Frontier Market expertise. Published and featured in numerous publications including: The Wall Street Journal, Knowledge@Wharton, NBC.com, The Chicago Tribune, Industry Week, Industry Today, Business Finance, Wharton Magazine Blog, NY Enterprise Report, Success magazine, Kyiv Post and on a number of radio and television programs including: Voice of America, CNBC, CNNfn, and Bloomberg. Frequent speaker on strategy, cross-border finance and international business development. Executive MBA from the Wharton School at the University of Pennsylvania. B.S. in Management of Information Systems from the Polytechnic Institute of NYU. Specialties Strategic Management Advisory, Export Finance, International Project Finance & Risk Management, Cross-border Negotiations, Structured Finance transactions, Senior Government and Corporate officials liason

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