WASHINGTON – U.S. Commerce Secretary Gary Locke issued the following statement today on the release of the December 2010 U.S. International Trade in Goods and Services report by the Commerce Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Today’s report showed that U.S. exports of goods and services in December increased 1.8 percent from November to $163 billion. U.S. imports of goods and services increased 2.6 percent to $203.5 billion, with the overall trade deficit growing by 5.9 percent in December to $40.6 billion. After dropping 14.6 percent in 2009, exports grew 16.6 percent in 2010, compared with an average annual rise of 11.2 percent during 2002-2008.

Statement by Secretary Locke on International Trade in Goods and Services

Today’s release fills out the trade picture for 2010, and what a year it was from the foreign trade perspective: economic growth around the world was mixed (as the IMF recently put it, "Global Recovery Advances but Remains Uneven”), several commodity prices shot up, and some foreign exchange rates swung around (hello euro). 

Attached file: 

chart_exports_foriegngdp.pdf

New orders for manufactured goods rose 0.2 percent in December 2010, to $426.8 billion. Shipments increased 2.0 percent, to $436.0 billion. Unfilled orders fell 0.4 percent, to $822.8 billion. And inventories increased 1.1 percent, to $550.4 billion.

Press Release

January 2011 international trade deficit rose 15.1% to $46.3 billion. Exports increased 2.7% to $167.7 billion. Imports rose 5.2% to $214.1 billion.

statement_from_u.s._commerce_secretary_gary_locke_on_january_2011_u.s._international_trade_in_goods_and_services.pdf 

US International Trade in Goods and Services, January 2011

Statement from U.S. Commerce Secretary Gary Locke on January 2011 U.S. International Trade in Goods and Services

January 2011 wholesale inventories were $436.9 billion, up 1.1% from December and up 11.9% from January 2010. January 2011 sales were $387.0 billion, up 3.4% from December and up 15.4% from January 2010.

Monthly Wholesale Trade, January 2011