The U.S. increased its imports and decreased its exports of flat glass in October, according to USGNN.com’s™ analysis of U.S. Department of Commerce (DOC) data.
Exports of goods in the “glass-plate, sheet, etc.” category totaled $114 million for the month, down 8.7 percent from September. However, exports of the material are up 2.5 percent year-to-date compared to the same time last year. From January through October, the U.S. industry has exported $1.3 billion of flat glass, according to DOC data via the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.
Meanwhile, imports of goods in the category increased 5.4 percent from September to October for a mark of $168 million. Year-to-date through October, the U.S. has imported just under $1.5 billion worth of goods in the category, a 4.8-percent increase from the same span a year ago.
Overall, the U.S.’s entire goods and services deficit was $42.6 billion in October, up $6.4 billion from September. October exports were $186.4 billion, $3.4 billion less than September exports. October imports were $229.0 billion, $3.0 billion more than September imports. Year-to-date, the nation’s goods and services deficit decreased $8.8 billion, or 2.1 percent, from the same period in 2015. Exports decreased $58.7 billion or 3.1 percent. Imports decreased $67.5 billion or 2.9 percent.
In another report, the value of shipments in the U.S. for nonmetallic mineral products, which include flat glass, increased 0.9 percent from September to October and 4.5 percent year-to-date. Fabricated metal products, which include glazing systems, saw a 0.6-percent increase in value of shipments over the month and a 1.2-percent increase year-to-date.
For more of USGNN.com™’s analysis of the latest available economic data, click here.