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Key Economic Trends

  • The U.S. trade deficit in miscellaneous manufactures decreased by $4.9 billion (6 percent) to $73.0 billion in 2008. The shift in the trade deficit resulted from declining U.S. imports of precious jewelry, works of art, and furniture, as consumers limited spending due to uncertain economic conditions.
  • The trade deficit with China rose by $551 million (1 percent) to $59 billion, primarily due to the increase in imports of toys and games ($1.2 billion). Most trade deficits with other leading U.S. import sources decreased.

Trade Shifts in 2008 from 2007

  • U.S. trade deficit: Decreased by $4.9 billion (6 percent) to $73.0 billion
  • U.S. exports: Increased by $1.9 billion (7 percent) to $27.8 billion
  • U.S. imports: Decreased by $3.1 billion (3 percent) to $100.8 billion

2008 Overview

Sector Shifts

Country Shifts

Frequently Asked Questions

General Contacts

Project Leader
Phone: 202.205.3190


Assistant Project Leader
Phone: 202.205.3313

Media Contact

Public Affairs Officer
Phone: 202.205.1819