Current Issue

Rubber product trade deficit up 1.6% in Nov.

Comments Email

WASHINGTON (Aug. 6, 2014) — The U.S. rubber product trade deficit grew 1.6 percent in November, following the trend for all of 2013.

The shortfall for the month stood at $898.9 million, compared with $884.5 million in November 2012, according to data from the Department of Commerce. Exports gained 2.3 percent for the month to $882.4 million while imports increased 1.9 percent to $1.78 billion.

For the first 11 months of 2013, the deficit was up 1.7 percent to $10.5 billion, with rubber product imports for the period of $20.3 billion more than doubling exports of $9.84 billion.

Data were similar for the tires and related products sector, the biggest market covered in the report. The trade shortfall for November grew 1.5 percent to $663.6 million. Exports dropped 1.6 percent, and imports nudged up 0.2 percent. The passenger tire deficit climbed 2 percent for the month, while the truck/bus sector’s shortfall rose 6.5 percent.

For the year, the tire category deficit expanded 1.9 percent, with passenger tires up 7.8 percent and truck/bus up 1.4 percent.

The supply-side sector for November showed a trade surplus of $63.8 million, compared with a deficit of $17.6 million for the year-earlier period. That reflects a 6.5-percent decline in the deficit for natural rubber and a 24.8-percent rise in the surplus for synthetic rubber.

On the year, the supply side surplus rose more than 10-fold to $568.6 million.

More Polls>

TB Reader Poll

Previous | Published November 19, 2015

Do you give any credence to news reports trying to link cancer in youth soccer players to crumb rubber used in artificial turf?

Yes. Where there’s smoke there’s fire.
(18 votes)
No. There’s no proof to make the claim.
(70 votes)
I’m undecided and think there needs to be an independent study.
(48 votes)
Total votes: 136