Fact #314: April 5, 2004
U.S. Trade in Transportation-Related Commodities, 2002
The United States imported more than $170 billion worth of motor vehicles and parts in 2002, while only exporting $62.5 billion. Aircraft, spacecraft, and parts generated a favorable trade balance for the United States; exports were more than twice the imports. Transportation-related commodities accounted for 15.7% of all exports in 2002 and 16.4% of all imports.
Supporting Information
| Commodity | Exports (billion dollars) |
Imports (billion dollars) |
Trade balance (billion dollars) |
|---|---|---|---|
| Motor vehicles and parts | 62.5 | 170.5 | (108) |
| Aircraft, spacecraft, and parts | 43.9 | 18.0 | 26 |
| Ships, boats, and floating structures | 1.2 | 1.3 | (0) |
| Railway or tramway locomotives and parts | 1.1 | 1.0 | 0 |
| Total transportation goods | 108.7 | 190.9 | (82) |
| Total all goods | 693.3 | 1,163.5 | (470) |
| Transportation goods share of trade | 15.7% | 16.4% | |
|
Source: U.S. Department of Transportation, Bureau of Transportation Statistics, Pocket Guide to Transportation, 2004, p. 40. | |||
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