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| U.S. Foreign Trade
in Manufactures, 1970-96 Imports, exports and the balance of trade as % of gross domestic manufacturing output |
| In order to
compare apples with apples, this chart depicts U.S.
imports and exports of manufactured goods as percent of
the gross domestic output of U.S. manufacturing
firms, not the gross domestic product
originating in that sector. Whereas GDP is the sum of all
the value-added (output minus inputs at each stage of
production), prices of manufactures imports and exports
include the value of inputs from industries which don't
produce manufactures, such as financial services or
mining. For further information on the difference between
"product" and "output", see the glossary. View a chart on the volume of U.S. foreign trade in manufactures relative to GDP. View this chart
as a table. Source: Data on imports and exports of manufactures extracted from Table 3 of the International Trade Administration's "Highlights of U.S. Foreign Trade". The data on gross output of U.S. manufacturing industries can be obtained from Table 13 of the November 1997 issue of the Survey of Current Business; or it can be downloaded from the BEA's Industry and Wealth Data page. Table 1223, "Manufacturers' Shipments, Inventories, and Orders", in the 1997 Statistical Abstract of the United States also furnishes essentially the same data. |
| visitors since 9 September 1998 | Last revised: 9 September1998 |