Does the U.S. import more than exports or export more than imports?

Question

I know they both are equal or balance right now, but i don't kow how to explain that Can u please help me?

Thanx a lot

Answer 1

US is a net importer...

Answer 2

America is importing more than it is importing. Our manufacturing factories are closing at the highest rate in history, including the depression. We are sending those jobs overseas. The manufacturing that we are doing,most of the products needed to manufacture those goods are being imported from outside of our borders.There is a bleak future for our nation if we do not change our manufacturing policies. If China wanted to they could break our manufacturing systems, if they failed to import or export certain goods. It is the first time in our history that we are not independent in providing for our own markets, we are becoming totally dependent on foreign countries for our core goods.

Answer 3

The US imports more than they export; this is largely due to the oil importation.

Answer 4

1. US CENSUS:
2006 Goods and Services
Exports increased to $124.8 billion in November from $123.7 billion in October. Goods were $89.1 billion in November, up from $88.5 billion in October, and services were $35.7 billion in November, up from $35.2 billion in October.

Imports increased to $183.0 billion in November from $182.5 billion in October. Goods were $153.8 billion in November, up from $153.5 billion in October, and services were $29.2 billion in November, up from $28.9 billion in October.

For goods, the deficit was $64.7 billion in November, down from $65.0 billion in October. For services, the surplus was $6.5 billion in November, up from $6.2 billion in October.

Goods by Category
The October to November change in exports of goods reflected increases in capital goods ($0.7 billion); automotive vehicles, parts, and engines ($0.3 billion); other goods ($0.2 billion); and consumer goods ($0.2 billion). Decreases occurred in industrial supplies and materials ($0.3 billion) and foods, feeds, and beverages ($0.2 billion).

The October to November change in imports of goods reflected increases in consumer goods ($0.9 billion); capital goods ($0.3 billion); and automotive vehicles, parts, and engines ($0.3 billion). Decreases occurred in industrial supplies and materials ($1.0 billion); foods, feeds, and beverages ($0.1 billion); and other goods ($0.1 billion).
Services by Category
The October to November change in exports of services reflected increases in travel ($0.2 billion), other private services ($0.2 billion), and transfers under U.S. military sales contracts ($0.1 billion).

The October to November change in imports of services reflected increases in travel ($0.2 billion), other private services ($0.1 billion), and passenger fares ($0.1 billion), which were partly offset by a decrease in other transportation ($0.1 billion).
Goods by Geographic Area (Not Seasonally Adjusted)
The goods deficit with China decreased from $24.4 billion in October to $22.9 billion in November. Exports decreased $0.1 billion (primarily soybeans) to $4.9 billion, while imports decreased $1.5 billion (primarily other household goods and apparel) to $27.8 billion.

The goods deficit with Mexico increased from $5.2 billion in October to $5.4 billion in November. Exports decreased $0.6 billion (primarily civilian aircraft) to $11.8 billion, while imports decreased $0.4 billion (primarily other petroleum products and automotive parts and accessories) to $17.2 billion.

The goods deficit with Japan decreased from $8.3 billion in October to $7.9 billion in November. Exports decreased $0.4 billion (primarily civilian aircraft) to $5.1 billion, while imports decreased $0.8 billion (primarily fuel oil and automotive parts and accessories) to $13.0 billion.
This and more information is provided in the Bureau of the Census and Bureau of Economic Analysis press release:


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2. Wikipedia, "Balance of trade":

The balance of trade (or net exports, NX) is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and consists of exporting more than your imports; a negative balance of trade is known as a trade deficit or, informally, a trade gap.

The balance of trade forms part of the current account, which also includes other transactions such as income from the international investment position as well as international aid. If the current account is in surplus, the country's net international asset position increases correspondingly. Equally, a deficit decreases the net international asset position.