The latest figures I can find (so far) are only from 1987:
$241.4 billion total dollar value of export
OK, I found 2005 - see 2nd link: 1.146 trillion
Total U.S. imports last year were $1.764 trillion, 54% more than the $1.146 trillion in exports. To keep the trade deficit from widening, the growth rate of exports must exceed the growth rate of imports by 54%. Last year, import growth (16.3%) exceeded export growth (12.3%), and imports expanded by $247 billion, almost twice as much as the increase in exports of $126 billion. If imports continue to grow at a 16% rate, the trade deficit will decline only if exports grow faster than 24.6%. In the absence of a dramatic and sustained slowdown in U.S. growth, exports can grow more than half again as fast as imports only with a substantial reduction in the U.S. dollar.
2006-09-15 06:32:44
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answer #1
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answered by johnslat 7
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