EXPORTS, IMPORTS, and TRADE BALANCE

KEY TRENDS

• In 2005, the U.S. trade deficit for chemicals and allied products rose by $10.0 billion as U.S. imports of these products increased by 15 percent to meet expanding domestic demand.
  
  
• The growth of the U.S. chemical industry moderated in 2005 because of disruptions caused by Hurricanes Katrina and Rita.
  
  
• Canada and Ireland were the largest sources of U.S. chemical imports in 2005, while Canada and Mexico were the largest markets for U.S. chemical exports, continuing the pattern of the past 4 years.

TRADE SHIFTS in 2005 from 2004

• U.S. trade deficit: Increased $10.0 billion (49 percent) to $30.3 billion
• U.S. exports: Increased $11.4 billion (9 percent) to $132.7 billion
• U.S. imports: Increased $21.4 billion (15 percent) to $163.1 billion
• Medicinal Chemicals and Miscellaneous Plastic Products exhibited the largest shifts.
  
  

LINKS

USITC PUBLICATIONS

Industry Trade and Technology Review

• Radioisotopes: Medical Breakthroughs but Concerns About Availability, Foreign Dependence, and National Security

OTHER GOVERNMENT RESOURCES
U.S. Department of Commerce, International Trade Administration

• Chemicals Team

SECTOR SHIFTS

| Agricultural Products | Forest Products | Chemicals and Related Products |
| Energy and Related Products | Textiles, Apparel, and Footwear |
| Minerals and Metals | Machinery | Transportation Equipment |
| Electronic Products | Miscellaneous Manufactures |

COUNTRY SHIFTS