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.
|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.