Printer Friendly

DESPITE RECORD EXPORTS, U.S. ELECTRONICS TRADE DEFICIT GROWS DURING FIRST NINE MONTHS OF '93

 /ADVANCE/ WASHINGTON, Nov. 12 /PRNewswire/ -- The Electronic Industries Association (EIA) announced today that U.S. exports of electronics products reached an all-time high of $62.4 billion for the first nine months of 1993, representing a 9.8 percent increase over last year's record exports for the same period of $56.7 billion.
 Imports of foreign electronics products reached approximately $74 billion, or 16.1 percent over the $63.7 billion imported during the first nine months of 1992.
 The year-to-date deficit in the electronics trade balance is $11.6 billion, significantly more than the $6.9 billion of 1992 year-to- date.
 In announcing the electronics trade statistics, EIA President Peter F. McCloskey stated: "These figures graphically illustrate the status of our recovering domestic economy in comparison to the still-sluggish markets around the world." McCloskey added: "Canada and Mexico have provided a buffer against the slower economic growth in Europe and Japan. Total exports to Canada and Mexico during the first nine months of '93 grew 8 percent to $14.9 billion, four times faster than our exports to U.K., Germany, France and Japan, which totaled $16.7 billion."
 For more than 69 years, the Electronic Industries Association has been the national trade organization representing the U.S. electronics manufacturers. Committed to the competitiveness of the American producer, EIA represents the entire spectrum of companies involved in the manufacture of electronic components, parts, systems and equipment for communications, industrial, government and consumer uses.
 The following charts offer a breakdown of the balance-of-trade for specific electronic product sectors for the first nine months of 1992 and 1993.
 U.S. Electronics Trade
 First Three Quarters of 1993
 (millions of dollars)
 Imports Exports
 Pct. Pct.
 1993 1992 change 1993 1992 change
 Electron tubes 450 464 -3.0 607 514 18.1
 Passive
 Components 6,999 6,527 7.2 4,569 4,226 8.1
 Solid State
 Products 14,252 11,396 25.1 14,424 11,824 22.0
 Consumer
 Electronics 12,225 11,528 6.0 2,283 2,238 2.0
 Telecommunications 6,618 5,981 10.7 7,212 5,985 20.5
 Defense
 Communications 783 821 -4.6 1,877 1,861 0.9
 Computers
 & Peripherals 28,406 23,107 22.9 22,662 22,116 2.5
 Industrial
 Electronics 2,501 2,216 12.9 6,104 5,568 9.6
 Electromedical
 Equipment 1,745 1,677 4.1 2,680 2,507 6.9
 Total 73,979 63,717 16.1 62,418 56,839 9.8
 Balance of Trade
 1993 1992
 Electron Tubes 157 50
 Passive
 Components (2,430) (2,301)
 Solid State
 Products 172 428
 Consumer
 Electronics (9,942) (9,290)
 Telecommunications 594 4
 Defense
 Communications 1,094 1,040
 Computers
 & Peripherals (5,744) (991)
 Industrial
 Electronics 3,603 3,352
 Electromedical
 Equipment 935 830
 Total (11,561) (6,878)
 Source: U.S. Department of Commerce. Compiled by EIA Marketing Services Department.
 -0- 11/12/93/0530
 /CONTACT: Mark V. Rosenker, vice president-public affairs, of Electronic Industries Association, 202-457-4980/


CO: Electronic Industries Association ST: District of Columbia IN: CPR SU: ECO

MH-KD -- DC019 -- 3349 11/11/93 15:46 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 11, 1993
Words:527
Previous Article:AJCONGRESS WEIGHS IN ON CRIME BILL & RELATED MATTERS
Next Article:CHRYSLER REPORTS U.S. AND CANADIAN ASSEMBLY PLANT SCHEDULE FOR WEEK ENDING NOV. 19
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters