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ELECTRONICS IMPORT GROWTH RATE INDICATION OF IMPROVING U.S. ECONOMY

ELECTRONICS IMPORT GROWTH RATE INDICATION OF IMPROVING U.S. ECONOMY
 /ADVANCE/ WASHINGTON, May 22 /PRNewswire/ -- The Electronic Industries Association (EIA) announced today that preliminary data indicates U.S. exports of electronics products reached $18.8 billion for the first quarter of 1992, a growth rate of 4 percent over last year's exports of $18 billion during the same period.
 Imports of foreign electronics products reached $19.5 billion, or 12.3 percent over last year's first quarter imports of $17.4 billion.
 The current trade balance in electronics reflects a deficit of approximately $711 million.
 In announcing the trade statistics, EIA President Peter F. McCloskey stated: "The first quarter trade statistics are indicative of the strengthening of our domestic economy resulting in a significant increase in imports. It also appears our trading partners are beginning to feel the effects of their own recessions thus stunting our export growth."
 A full breakdown of the preliminary U.S. electronics trade follows.
 Preliminary
 U.S. Electronics Trade
 First Quarter 1992
 (millions of dollars)
 Imports Exports
 Pct. Pct.
 Product Group 1992 1991 change 1992 1991 change
 Electron tubes 158 116 36.2 155 159 (2.5)
 Passive
 components 2,118 2,209 (4.1) 1,479 1,408 5.0
 Solid state
 products 3,620 3,080 17.5 3,804 3,549 7.2
 Consumer
 electronics 3,370 2,731 23.4 735 585 25.6
 Telecommunications 1,987 1,776 11.9 1,980 1,828 8.3
 Other
 communications 263 234 12.4 616 642 (4.0)
 Computers
 & peripherals 6,853 6,027 13.7 7,407 7,412 (0.1)
 Industrial
 electronics 609 693 (12.1) 1,816 1,785 1.7
 Electromedical
 equipment 554 525 5.5 829 724 14.5
 Total 19,532 17,391 12.3 18,821 18,092 4.0
 Balance of Trade
 Product Group 1992 1991 Pct. Change
 Electron tubes (3) 43 n/m
 Passive
 components (639) (801) (20.2)
 Solid state
 products 184 469 (60.8)
 Consumer
 electronics (2,635) (2,146) 22.8
 Telecommunications (7) 52 n/m
 Other communications 353 408 (13.5)
 Computers
 & peripherals 554 1,385 (60.0)
 Industrial
 electronics 1,207 1,092 10.5
 Electromedical
 equipment 275 199 38.2
 Total (711) 701 n/m
 n/m -- Not meaningful
 Source: U.S. Department of Commerce. Compiled by EIA Marketing
 Services Department.
 For 68 years the Electronic Industries Association has been the national trade organization representing 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-end uses.
 -0- 5/22/92/0600
 /CONTACT: Mark V. Rosenker, vice president, public affairs, Electronic Industries Association, 202-457-4980/ CO: Electronic Industries Association ST: District of Columbia IN: CPR SU:


KD-DC -- DC038 -- 3076 05/21/92 17:04 EDT
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Date:May 21, 1992
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