EXPORTS, IMPORTS, and TRADE BALANCE

KEY TRENDS

• The U.S. trade deficit in miscellaneous manufactures expanded 9 percent to $72.2 billion in 2005, increasing largely as a result of rising imports of furniture, video games, precious and costume jewelry, and certain leather products such as handbags.
  
  
• China, Canada, and Mexico were the most significant suppliers of miscellaneous manufactures to the U.S. market in 2005, accounting for approximately 66 percent of total imports. Imports from China consisted largely of low-value, high labor-content products.
  
  
• The principal U.S. export destinations for miscellaneous manufactures were Canada, Japan, Mexico, and the United Kingdom, which collectively accounted for 52 percent of sector exports in 2005. Furniture and works of art (on loan and sold) were the principal sector exports to these countries.
  

TRADE SHIFTS in 2005 from 2004

• U.S. trade deficit: Increased $5.9 billion (9 percent) to $72.2 billion
• U.S. exports: Increased $2.2 billion (13 percent) to $19.1 billion
• U.S. imports: Increased $8.1 billion (10 percent) to $91.3 billion
• Furniture exhibited the largest shift.

LINKS

USITC PUBLICATIONS
Title VII Investigations

• Wooden Bedroom Furniture From China

OTHER GOVERNMENT RESOURCES
U.S. Department of Commerce, Consumer Goods Industries

• Household and Office Furniture
• Musical Instruments
• Sporting and Athletic Goods
• Toys, Dolls, and Games
• Travel Goods

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