February 24, 2010

News You Can Use From Our Foreign Trade Division

Working on strategic global marketing plan for your business? Trying to figure out how many of your particular widgets are sold in a specific overseas market? Finishing up a term paper for school that requires the latest foreign trade balance? Just curious as to where the numbers are at and what it means? Look no further.

1.) Press Release: December 2010 Trade Data
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"The Nation's international trade deficit in goods and services
decreased to $380.7 billion in 2009 from $695.9 billion in 2008."


a.) GET THE BASICS from the "U.S. International Trade in Goods
and Services - Highlights"
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- http://www.census.gov/indicator/www/ustrade.html

b.) GET MORE DETAILED DATA from the full "U.S. International
Trade in Goods and Services Press Release"
----------------------------------------------------------

- http://www.census.gov/foreign-trade/www/press.html

c.) GET TRADE BALANCES with specific countries
(as far back as 1985 for most countries!)
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- http://www.census.gov/foreign-trade/balance/index.html

d.) GET PRODUCT TRADE INFORMATION. What do we trade with
specific countries?
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- General (1-digit SITC)
- http://www.census.gov/foreign-trade/sitc1/index.html

- More detailed (3-digit SITC)
- http://tier2.census.gov/sitc/sitcpage.htm

e.) WHEN IS THE NEXT RELEASE?
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- Release dates are set through statistical month December 2010
- http://www.census.gov/foreign-trade/faq/gen/gen0007.html

Chart source: here.

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