Home » » US bought $42.6B in cell phones made overseas last year

US bought $42.6B in cell phones made overseas last year

Written By giroud on Monday 11 March 2013 | 14:00

<="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgUDIKqrJOFamBCtKUcAuF461ewgzEYtKapBADFn9jXPkV0IvfGQJKR1bhujhh1ggiaagfeaV8nu6pi4AL8ozCwOoxyITVq7RV-HvtWsdRf1_KP2ckXSZIT6tvQ8kQHjEzdbpJrwdVXkzPL/s1600/Screen+Shot+2013-03-11+at+4.50.37+PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;">

At least the U.S. sold some cell phones to our foreign trade partners. The Census Bureau tells us the U.S. exported $5.3 billion worth of cell phones, which leaves a cell-phone deficit of $37.3 billion.

Here's the sort-of good news: The increase in imports is slowing. And this, according to the Census:
U.S. exports of cellphones increased by 54 percent from 2009 to 2010. In 2012, U.S.'s biggest export market for cellphones was Mexico ($1.1 Billion).
Earlier this year the <="http://www.nydailynews.com/new-york/imported-cell-phones-foreign-cars-boost-u-s-trade-deficit-surprise-16-increase-article-1.1238308">New York Daily News reported cell phone imports were a big part of the trade gap in November:
The U.S. trade gap widened unexpectedly in November as Americans stuffed their holiday stockings with imported goods. 
The deficit ballooned 16% to $48.7 billion, the highest since April, according to figures from the Commerce Department. 
Analysts had been expecting the gap to shrink to $41.3 billion. 
An influx of cell phones as retailers stocked up ahead of the key holiday shopping season and of foreign cars helped lift imports nearly 4% to $231.3 billion.
Share this article :

0 comments:

Post a Comment

Template information

 
Support : Your Link | Your Link | Your Link
Copyright © 2013. 1-1000cashadvances - All Rights Reserved
Template Created by Creating Website Published by Mas Template
Proudly powered by Blogger