Good News on Trade: Exports and Imports Are Up

Bryan Riley / March 10, 2011

The U.S. Bureau of Economic Analysis today announced that U.S. exports for January were $4.4 billion higher than in December. This is good news for U.S. exporters.

The bureau also reported that Americans imported $10.5 billion more in January than in December. This is good news, too.

As President Obama’s Council of Economic Advisers recently reported, economic growth in other countries leads to increased U.S. exports. When people in other countries escape poverty and become richer, more of them are able to afford U.S.-made products.

Just as economic growth in other countries enables more people to afford U.S. exports, economic growth in the United States enables Americans to spend more on imports. (more…)