A new report from the trade intelligence firm Zepol Corp. shows that oil and vehicles were the top imports and exports from the United States in the first quarter of 2013.
The report, U.S. Import Export Product Report, 2013 (Q1)
, showed the value of imported goods fell 3.1 percent year-on-year, to $536 billion, mostly due to a near 20 percent drop in oil imports as domestic production increased.
“Take out oil imports and figures would remain flat year-over-year,” Zepol said.
Among the fastest growing U.S. imports are lumber, civilian aircraft, and copper.
On the export side, the value of exports in the first quarter rose 4 percent, to $383 billion. Among the countries that saw noteworthy increases in U.S.-made products in the first quarter: United Arab Emirates, whose imports of U.S.-made goods rose 42 percent year-on-year; Colombia (31 percent); and Thailand (14 percent).
Roughly 40 percent of U.S. exports are destined for either Canada, Mexico, or China, Zepol said.
The free report is available at Zepol’s Website
. - Eric Johnson