The U.S. government has reported that international trade in goods and services for July increased 1.8 percent to $153.3 billion from the June 2010 level, while imports decreased 2.1 percent over the same monthly period to $196.1 billion.
“The increase in exports and narrowing of the trade deficit underline how critical exports are to our continued economic growth and why the Commerce Department and the Obama administration are working aggressively to achieve the goals of the National Export Initiative -- doubling U.S. exports in the next five years,” said Commerce Secretary Gary Locke in a statement.
American Shipper
Login
