The U.S. high-tech trade deficit is increasing, particularly with China
Here's an interesting snapshot of the decline in U.S. high-tech production and innovation:
The U.S. is running a significant trade deficit in “Advanced Technology Products” (ATP). As the U.S. Census Bureau reports in table 16a of its monthly trade figures, the U.S. racked up an $8.8 billion monthly international trade deficit in advanced technology products in June 2011.
This deficit is climbing rapidly. The total U.S. ATP trade deficit in 2010 was $31.2 billion, whereas in 2011 it has already reached $43.6 billion.
The largest share of America's high-tech trade gap is with China. In June 2011, the U.S. ATP deficit with China reached $9.5 billion.
Related recent Blogs
- Indiana manufacturing program expands • by TGarland • 12/05/2013
- Scott Paul: Keep skilled jobs for skilled workers in Washington • by mmcmullan • 12/05/2013
- A bad time to sideline trade talks • by mmcmullan • 12/04/2013
- Infrastructure investment means job creation • by TGarland • 12/04/2013
- December 4, 2013: Familiar trade deficit doldrums • by mmcmullan • 12/04/2013
- China trade deficit on pace for new record, but will anyone notice? Alliance for American Manufacturing (AAM) Statement. • by scapozzola • 12/04/2013
- What to do with abandoned factories? Bring in the artists! • by LDonia • 12/03/2013
- Surprise, surprise? Americans still say job creation should be top priority • by mmcmullan • 12/03/2013
- Fmr. Transportaion Secretary Ray LaHood urges infrastructure investment • by TGarland • 12/02/2013
- The Computer Wore Heels: Check out "Top Secret Rosies" • by mmcmullan • 12/02/2013