Issue Date: July 7, 2008
Export Patterns Shift With Falling Dollar
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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- Editor's Page: Facts & Figures
- The most complete set of statistics on the chemical industry available anywhere for the cost of membership in the American Chemical Society.
- Introduction: Facts & Figures Of The Chemical Industry
- The chemical industry began to feel the impact of a changing economy in 2007
- Finances: Growth In Demand Mitigates Soaring
- Profits decreased, but strong finances supported capital spending
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- Employment: Jobs Decrease In Most Regions
- Japan was the only country to see major employment growth, U.S. continues decline
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- Production: Gains In Chemical Output Decline
- Production growth tapered in Europe but increased in Asia
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- Trade: Export Patterns Shift With Falling Dollar
- U.S.'s trade balance turned positive, and Europe's costly exports faded
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