Mar 31, 2013 | by Franck Cushner, CFP®
Record petroleum exports helped shrink the U.S. trade deficit in December to the smallest in almost three years. The trade deficit narrowed to $38.5 billion, with exports rising to $186.4 billion, and imports falling to $224.9 billion.
Petroleum exports, a growing component of U.S. exports, climbed $11.6 billion from the previous period as reported by the Department of Commerce.
Other U.S. products bound for exportation worldwide include capital equipment and industrial materials. Capital equipment includes aircraft, electronics, and agricultural equipment. Industrial materials include coal, wood, textiles, and chemicals.
The U.S. is not only a provider of finished goods and products, but is also a supplier of raw materials used for construction and infrastructure by growing economies worldwide.
Sources: Commerce Department
460 Park Ave, 21st Floor, New York, NY 10022
Ph. (212) 489-1800
Ensemble Financial © 2018
All Securities and Advisory Services provided under the name Ensemble Financial, Inc. are offered through Titleist Asset Management, Ltd. ("TAM"), a Registered Broker/Dealer & Registered Investment Advisor and member FINRA & SIPC. Customers working with Ensemble Financial, Inc. will be dealing solely through TAM with respect to their investment, brokerage and securities transactions. TAM does not offer or provide legal or tax advice. Please consult your attorney and/or tax advisor for such services. Member FINRA and SIPC.