U.S. PASTA TRADE DEFICIT NARROWS
AS U.S. EXPORTS INCREASE FASTER THAN IMPORTS, REPORTS ITC
U.S. exports of pasta products increased by 38 percent from 1997 to 2001 while U.S. imports of pasta products increased by only 4 percent during the same period. As a result, the U.S. trade deficit in pasta products declined from $203 million in 1997 to $176 million in 2001, according to the U.S. International Trade Commission (ITC) in its report Industry and Trade Summary: Pasta.
The ITC, an independent, nonpartisan, factfinding agency, recently released the report as part of an ongoing series of reports on thousands of products imported into and exported from the United States. Following are highlights from the report:
Industry and Trade Summary: Pasta (USITC Publication 3592, April 2003) will be available in the Publications section of the ITC Internet web site at www.usitc.gov. A printed copy may be ordered by calling 202-205-1809, or by writing the Office of the Secretary, U.S. International Trade Commission, 500 E Street SW, Washington, DC 20436. Requests may be faxed to 202-205-2104.
ITC Industry and Trade Summary reports include information on product uses, U.S. and foreign producers, and customs treatment of the products being studied; they analyze the basic factors affecting trends in consumption, production, and trade of the commodities, as well as the factors bearing on the competitiveness of the U.S. industry in domestic and foreign markets.