U.S. Commerce Secretary Gary Locke issued the following statement on the release of the June 2009 U.S. International Trade in Goods and Services report by the Commerce Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Today’s report showed that U.S. exports increased by 2 percent to $125.8 billion, which closely tracked the increase in imports, which rose 2.3 percent to $152.8 billion. The trade gap widened to $27 billion from $26 billion, better than analysts’ expectations.
“While we are seeing signs that the worst part of the recent economic downturn is behind us, we still face challenges to resuscitate domestic manufacturing and expand U.S. exports,” Locke said. “The Commerce Department is using every tool at its disposal to help make the products and services of American companies available to people in markets around the world.”
Source: U.S. Department of Commerce
