Export Patterns Shift With Falling Dollar | July 7, 2008 Issue - Vol. 86 Issue 27 | Chemical & Engineering News
 
 
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Volume 86 Issue 27 | pp. 71-74 | Awards
Issue Date: July 7, 2008

Export Patterns Shift With Falling Dollar

U.S.’s trade balance turned positive, and Europe’s costly exports faded
Department: Business

THE SINKING VALUE of the U.S. dollar, especially compared with Europe’s euro, interrupted the 2006 trend of an upswing in exports from all major trading regions. The U.S. enjoyed a chemical trade surplus for the first time since 2001, in large part by taking business from European exporters who were hurt by the expensive euro. Meanwhile, although still a huge importer of chemicals, China has narrowed its trade deficit.

The fall of the dollar compared . . .

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