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- <text id=93AC0321>
- <title>
- U.S. Industrial Outlook 1993:Highlights
- </title>
- <history>
- Compact ALMANAC--United States Statistics
- Manufacturing
- </history>
- <article>
- <source>Time Almanac</source>
- <hdr>
- Highlights of 1993 U.S. Industrial Outlook
- </hdr>
- <body>
- <p>U.S. Department of Commerce International Trade
- Administration
- </p>
- <p> The industry sector forecasts are consistent with
- stronger economic growth in 1993 than in the previous year. For
- manufacturers' shipments, average growth of about 2.7 percent
- is expected--well above the estimated 1992 median growth rate
- of 1.9 percent. Contrary to usual developments during economic
- recovery, manufacturers' shipments are expected to expand less
- rapidly than the assumed 3 percent real growth in the Gross
- Domestic Product (GDP).
- </p>
- <p> Table 1 summarizes median and mean growth rates for
- manufacturing industries that are covered in the 1993 Outlook.
- These industries represent about 70 percent of total
- manufactures shipments. More than four-fifths of the sectors
- covered, representing about 87 percent by value of covered
- industries, show growth. While comparable data for service
- industries are not available, the general picture is not much
- different. Traditional cyclical sectors such as retailing show
- only moderate growth.
- </p>
- <p>Table 1--Growth Rate of Manufacturers Shipments (in constant dollars)
- </p>
- <hi format=bold>Percent change (1989-1993):</hi>
- <table>
- <tblhdr><cell>Item<cell>89-90<cell>90-91<cell>91-92<cell>92-93
- <row><cell type=a>Median<cell type=n>.4<cell type=n>-1.3<cell type=n>1.9<cell type=n>2.7
- <row><cell>Mean<cell>.1<cell>-1.6<cell>2.2<cell>2.7
- </table>
- <p>Source: U.S. Department of Commerce, International Trade Administration.
- </p>
- <p> No consistent pattern emerges in looking at major
- industry groups. (Table 2) In general, basic industrial
- materials--chemicals, rubber and plastic products, and wood
- products--are expected to have modest growth. The forecasts for
- high-tech sectors, such as computers and semiconductors, are
- especially favorable. The strength of the technology sectors is
- even more apparent when growth rates of individual industries
- are compared. After several negative and slow growth years,
- computers have again moved into a higher growth range. Among
- other sectors, motor vehicles and parts industries are
- recovering, with much of the strength coming from rising sales
- of light trucks. Construction will continue to be a drag on GDP
- expansion. Nonresidential construction will continue to drop,
- with growth coming from private residential construction, home
- improvement, and public works. The aerospace industry will
- experience a second straight year of decline in shipments as a
- result of continued reductions in defense production and a
- levelling off in backlogs for large commercial aircraft will
- still be at relatively high levels. Traditional capital goods
- sectors, such as machinery and machine tools, are showing only
- modest growth. Consumer durables, which started to pick up in
- 1992, should continue to improve.
- </p>
- <p>Table 2--Growth Rates for Selected Industry Groups (in constant dollars)
- </p>
- <hi format=bold>Percent Change (1987-1993):</hi>
- <table>
- <tblhdr><cell>Industry<cell>87-88<cell>88-89<cell>89-90<cell>90-91<cell>91-92<cell>92-93
- <row><cell type=a>Construction<cell type=n>1.2<cell type=n>-1.3<cell type=n>-2.9<cell type=n>-9.8<cell type=n>4.1<cell type=n>.7
- <row><cell>Food & beverages<cell>2.5<cell>1.9<cell>1.0<cell>1.4<cell>2.6<cell>1.6
- <row><cell>Wood products<cell>-.9<cell>-1.1<cell>-3.0<cell>-6.0<cell>2.6<cell>1.8
- <row><cell>Paper & related products<cell>3.0<cell>1.7<cell>.2<cell>1.1<cell>3.8<cell>4.0
- <row><cell>Chemicals<cell>3.8<cell>1.1<cell>3.6<cell>1.8<cell>1.9<cell>3.2
- <row><cell>Rubber & plastic products<cell>2.7<cell>2.7<cell>2.4<cell>1.7<cell>1.3<cell>3.1
- <row><cell>Construction materials<cell>-.7<cell>-.1<cell>.8<cell>-8.5<cell>1.2<cell>1.1
- <row><cell>Steel mill products<cell>13.8<cell>-2.6<cell>-1.5<cell>-7.4<cell>4.1<cell>2.4
- <row><cell>Production machinery<cell>10.5<cell>4.7<cell>-1.0<cell>-2.3<cell>-1.6<cell>2.1
- <row><cell>Metal working equipment<cell>5.6<cell>7.4<cell>-1.7<cell>-10.9<cell>-.5<cell>3.5
- <row><cell>Electrical equipment<cell>6.7<cell>-.5<cell>-2.5<cell>-3.2<cell>-.3<cell>1.4
- <row><cell>Electronic components<cell>11.6<cell>4.3<cell>3.4<cell>1.9<cell>6.2<cell>7.9
- <row><cell>Computers<cell>12.4<cell>-4.8<cell>-1.3<cell>-2.0<cell>4.0<cell>8.2
- <row><cell>Telecommunications & navigation equipment<cell>3.0<cell>-4.7<cell>5.5<cell>-3.2<cell>-1.4<cell>-.4
- <row><cell>Motor vehicles & parts<cell>6.4<cell>-.8<cell>-7.2<cell>-8.4<cell>8.2<cell>6.5
- <row><cell>Aerospace<cell>2.7<cell>2.6<cell>6.4<cell>-.5<cell>-5.5<cell>-5.3
- <row><cell>Instruments, controls & measuring equipment<cell>5.1<cell>-1.2<cell>1.5<cell>1.7<cell>1.9<cell>2.6
- <row><cell>Durable consumer goods<cell>2.7<cell>.3<cell>-1.1<cell>-4.2<cell>3.2<cell>4.3
- <row><cell>Printing & publishing<cell>.5<cell>-1.2<cell>.6<cell>-2.2<cell>.7<cell>1.9
- </table>
- <p>Note: All data are based on shipments in constant 1987 dollars,
- except construction and computers (current dollars).
- </p>
- <p>Source: U.S. Department of Commerce, Bureau of the Census,
- International Trade Administration (ITA).
- </p>
- <p>TRADE
- </p>
- <p> Compared with the recent past, exports are likely to play
- a smaller role in promoting industry growth in 1993. Export
- growth of manufacturers is likely to be in the same range as in
- 1992, but well below the high rates achieved in 1990 and 1991.
- This is principally because of the slow growth expected in many
- major overseas markets. Despite the weaker overall export
- performance, some industries should benefit from rapidly
- expanding markets within their own sectors, including medical
- equipment, instruments and supplies, household appliances, and
- motor vehicles.
- </p>
- <p>MANUFACTURING INDUSTRIES
- </p>
- <p> High-technology industries dominate the list of fastest
- growing industries with semiconductors at the top of the list
- (Table 3). Despite weakness in the Japanese market,
- semiconductors began a strong recovery in 1992 that os expected
- to continue in 1993. Health-related equipment and materials
- continue to be among the leading growth industries. health-
- related industries have been the most consisted high performers;
- they have been among the top four in growth during the past five
- years. The motor vehicles and automotive parts sector returns
- to the list of the 10 fastest growing industries in 1993. By
- historical standards, however, unit sales will still be low, an
- estimated 8.9 million cars and 13.9 million light vehicle sales.
- </p>
- <p>Table 3--10 Fastest Growing Manufacturing Industries
- in 1993 (percent change based on constant dollar shipments)
- </p>
- <table>
- <tblhdr><cell>SIC code<cell>Industry<cell type=i>Percent change <nl>1992-93
- <row><cell>3674<cell type=a>Semiconductors<cell type=n>12.0
- <row><cell>3841<cell>Surgical and medical instruments<cell>8.5
- <row><cell>3842<cell>Surgical appliances and supplies<cell>8.5
- <row><cell>357A<cell>Computers and peripherals<cell>8.2
- <row><cell>3845<cell>Electromedical equipment<cell>7.8
- <row><cell>3711<cell>Motor vehicles and car bodies<cell>6.8
- <row><cell>3633<cell>Household laundry equipment<cell>6.7
- <row><cell>3632<cell>Household refrigerators and freezers<cell>6.5
- <row><cell>371A<cell>Automotive parts and accessories<cell>6.1
- <row><cell>3844<cell>X-Ray apparatus and tubes<cell>5.6
- </table>
- <p>Source: U.S. Department of Commerce, International Trade Administration.
- </p>
- <p> Among the slowest-growing industries, aircraft and
- other aerospace industries stand out (Table 4). They are
- traditionally among the fastest growing, but there are several
- factors causing the anticipated decline in shipments: the
- decline in defense expenditures; and a dip in orders for large
- commercial aircraft for the last several years that has brought
- a pause to the rapid growth in commercial aircraft production
- and deliveries. Despite the anticipated decline in production
- in 1993, the level of output will still be very high.
- </p>
- <p>Table 4--10 Slowest Growing Manufacturing Industries in 1993 (percent change based on constant dollar shipments)
- <table>
- <tblhdr><cell>SIC code<cell>Industry<cell type=i>Percent change <nl>1992-93
- <row><cell>3172<cell type=a>Personal leather goods, NEC<cell type=n>-3.4
- <row><cell>3171<cell>Women's handbags and purses<cell>-3.6
- <row><cell>2386<cell>Leather and sheep-lined clothing<cell>-3.8
- <row><cell>3724<cell>Aircraft engines and engine parts<cell>-3.8
- <row><cell>3728<cell>Aircraft parts and equipment, NEC<cell>-4.8
- <row><cell>3764<cell>Space propulsion units and parts<cell>-5.0
- <row><cell>3554<cell>Paper industries machinery<cell>-5.2
- <row><cell>3761<cell>Guided missiles and space vehicles<cell>-5.7
- <row><cell>3769<cell>Space vehicle equipment, NEC<cell>-6.0
- <row><cell>3721<cell>Aircraft<cell>-6.0
- </table>
- </p>
- <p>Source: U.S. Department of Commerce, International Trade Administration.
- </p>
- <p>SERVICE INDUSTRIES
- </p>
- <p> Service industries' performance is more difficult to
- gauge because of differences in measurement of output and,
- particularly, the lack of constant-dollar data for most service
- industries. As in past years, information- and health-based
- industries should be the leading performers in 1993. Growth in
- these industries has been little affected by the 1990-91
- recession. Expenditures on health services will continue to
- accelerate faster than the growth in GDP, regardless of efforts
- to control costs.
- </p>
- <p> Other industries that are expected to grow more strongly
- are cyclical in nature, such as prerecorded music, home
- entertainment, apparel stores, and eating and drinking
- establishments. On the other hand, a number of service
- industries appear to be growing just above their industries'
- inflation rate, which has generally exceeded that of
- manufacturing in recent years. There are also changes in
- demand and structure in the financial services industry that
- have been especially notable in rapid asset growth for credit
- unions, moderate asset growth for banks, and an asset decline
- for savings institutions.
- </p>
- <p>Table 5--Trends in Selected Service Industries (in billions of current dollars except as noted)
- </p>
- <table>
- <tblhdr><cell>Industry<cell>Unit of Measure<cell type=i>Value<cell type=i>Percent Change: 90-91<cell type=i>91-92<cell type=i>92-93
- <row><cell type=a>Accounting<cell type=a>Receipts<cell type=n>37.5<cell type=n>2.2<cell type=n>2.9<cell type=n>4.2
- <row><cell>Advertising<cell>Receipts<cell>21.5<cell>1.5<cell>2.5<cell>3.6
- <row><cell>Banks<cell>Assets<cell>3,788.0<cell>4.0<cell>3.0<cell>4.0
- <row><cell>Computer professional services<cell>Revenue<cell>61.0<cell>12.2<cell>9.9<cell>9.3
- <row><cell>Credit unions<cell>Assets<cell>274.5<cell>14.5<cell>12.0<cell>8.0
- <row><cell>Data processing<cell>Revenues<cell>45.7<cell>14.1<cell>12.9<cell>13.7
- <row><cell>Electronic information services<cell>Revenues<cell>13.5<cell>13.2<cell>13.7<cell>16.4
- <row><cell>Equipment leasing<cell>Orig. cost<cell>126.3<cell>-3.3<cell>(NC)<cell>5.0
- <row><cell>Health services<cell>Revenues<cell>939.9<cell>11.4<cell>11.5<cell>12.1
- <row><cell>Home entertainment<cell>Revenues<cell>26.7<cell>7.6<cell>7.7<cell>7.7
- <row><cell>Legal services<cell>Receipts<cell>106.5<cell>4.3<cell>5.3<cell>6.5
- <row><cell>Life insurance<cell>Premiums<cell>284.8<cell>-.1<cell>3.3<cell>4.5
- <row><cell>Management consulting<cell>Receipts<cell>70.0<cell>3.8<cell>4.7<cell>5.3
- <row><cell>Motion picture theaters<cell>Receipts<cell>4.7<cell>-4.4<cell>-1.3<cell>(NC)
- <row><cell>Prerecorded music<cell>Mfg. value<cell>9.4<cell>3.9<cell>7.5<cell>11.3
- <row><cell>Property/casualty insurance<cell>Premiums<cell>239.3<cell>2.4<cell>3.2<cell>4.0
- <row><cell>Railroads<cell>Rev. ton-mi.<cell>29.5<cell>.6<cell>2.4<cell>3.3
- <row><cell>Retail sales<cell>Sales<cell>2,038.0<cell>.9<cell>4.9<cell>5.4
- <row><cell>Apparel/accessories<cell>Sales<cell>106.0<cell>1.1<cell>4.2<cell>7.1
- <row><cell>Department stores<cell>Sales<cell>196.0<cell>3.5<cell>6.2<cell>3.7
- <row><cell>Eating/drinking places<cell>Sales<cell>219.0<cell>4.3<cell>5.7<cell>6.8
- <row><cell>Food retailing<cell>Sales<cell>395.9<cell>2.5<cell>1.6<cell>2.3
- <row><cell>Savings institutions<cell>Assets<cell>800.0<cell>-12.9<cell>-7.0<cell>-1.8
- <row><cell>Space commerce<cell>Revenues<cell>4.9<cell>24.7<cell>14.1<cell>2.0
- <row><cell>Telecommunications<cell>Revenues<cell>176.4<cell>5.3<cell>4.0<cell>6.3
- <row><cell>Travel services<cell>Expenditures<cell>393.3<cell>3.1<cell>8.0<cell>5.7
- <row><cell>Trucking<cell>Cargo ton-mi.<cell>296.0<cell>3.1<cell>1.6<cell>1.9
- <row><cell>Venture capital<cell>Commitments<cell>3.2<cell>-31.2<cell>96.7<cell>28.0
- </table>
- <p>NC=No change.
- </p>
- <p>Source: U.S. Department of Commerce, International Trade Administration.
- </p>
- <p>Table 6--Forecast Growth Rates for Manufacturing Industries and Groups
- (in billions of 1987 dollars)
- </p>
- <table>
- <tblhdr><cell>Industry<cell type=i>Shipments 1993<cell type=i>Compound growth rate 1992-93: Percent<cell type=i>Rank<cell type=i>Annual growth 1988-1993: Percent<cell type=i>Rank
- <row><cell type=a>Poultry slaughtering/processing<cell type=i>21,500<cell type=n>3.5<cell type=i>47<cell type=n>6.7<cell type=i>7
- <row><cell>Red meat<cell>64,350<cell>1.9<cell>104<cell>(NC)<cell>82
- <row><cell>Creamery butter<cell>1,913<cell>1.6<cell>113<cell>.7<cell>74
- <row><cell>Cheese, natural/processed<cell>14,619<cell>1.6<cell>112<cell>2.3<cell>38
- <row><cell>Ice cream/frozen desserts<cell>4,916<cell>3.5<cell>50<cell>2.7<cell>34
- <row><cell>Canned foods<cell>27,055<cell>1.7<cell>108<cell>1.8<cell>48
- <row><cell>Frozen foods<cell>14,185<cell>1.8<cell>107<cell>3.3<cell>24
- <row><cell>Cookies/crackers<cell>6,689<cell>1.5<cell>116<cell>1.6<cell>53
- <row><cell>Candy/confectionery<cell>8,082<cell>2.9<cell>73<cell>2.2<cell>42
- <row><cell>Malt beverages<cell>15,730<cell>1.5<cell>114<cell>2.7<cell>33
- <row><cell>Soft drinks<cell>22,896<cell>1.3<cell>119<cell>(NC)<cell>80
- <row><cell>Millwork<cell>8,915<cell>2.5<cell>83<cell>-.4<cell>93
- <row><cell>Softwood veneer/plywood<cell>4,630<cell>4.4<cell>30<cell>-.4<cell>94
- <row><cell>Wood pallets/skids<cell>1,863<cell>2.5<cell>85<cell>2.9<cell>27
- <row><cell>Mobile homes<cell>4,100<cell>5.1<cell>16<cell>.3<cell>78
- <row><cell>Reconstituted wood products<cell>3,115<cell>3.7<cell>46<cell>1.4<cell>60
- <row><cell>Upholstered household furniture<cell>5,410<cell>4.6<cell>25<cell>.9<cell>70
- <row><cell>Mattresses/bedsprings<cell>2,715<cell>4.5<cell>27<cell>2.8<cell>29
- <row><cell>Pulp mills<cell>5,204<cell>4.0<cell>39<cell>4.0<cell>19
- <row><cell>Corrugated/fiber boxes<cell>18,735<cell>4.0<cell>40<cell>2.7<cell>31
- <row><cell>Folding paperboard boxes<cell>5,965<cell>1.2<cell>121<cell>.5<cell>75
- <row><cell>Sanitary paper products<cell>13,850<cell>3.5<cell>53<cell>3.2<cell>25
- <row><cell>Envelopes<cell>2,578<cell>2.8<cell>76<cell>-.2<cell>88
- <row><cell>Paper/paperboard mills<cell>48,790<cell>4.5<cell>28<cell>1.8<cell>50
- <row><cell>Periodicals<cell>16,623<cell>2.4<cell>86<cell>-1.1<cell>107
- <row><cell>Book publishing<cell>14,035<cell>3.4<cell>55<cell>1.9<cell>46
- <row><cell>Book printing<cell>3,995<cell>2.7<cell>78<cell>3.0<cell>26
- <row><cell>Misc. publishing<cell>8,315<cell>3.2<cell>57<cell>1.5<cell>58
- <row><cell>Commercial printing<cell>49,725<cell>3.0<cell>62<cell>1.5<cell>56
- <row><cell>Greeting cards<cell>3,822<cell>5.0<cell>19<cell>5.8<cell>13
- <row><cell>Bookbinding/related<cell>1,305<cell>2.0<cell>103<cell>2.1<cell>43
- <row><cell>Typesetting<cell>1,988<cell>3.5<cell>52<cell>1.3<cell>65
- <row><cell>Platemaking services<cell>2,802<cell>3.5<cell>48<cell>2.3<cell>40
- <row><cell>Industrial chemicals<cell>21,938<cell>3.0<cell>70<cell>3.8<cell>22
- <row><cell>Plastics/resins<cell>28,737<cell>3.0<cell>63<cell>1.3<cell>62
- <row><cell>Synthetic rubber<cell>3,900<cell>4.0<cell>37<cell>1.6<cell>55
- <row><cell>Medicinals/botanicals<cell>4,538<cell>3.0<cell>65<cell>2.8<cell>30
- <row><cell>Pharmaceuticals<cell>37,737<cell>5.2<cell>14<cell>2.7<cell>32
- <row><cell>Diagnostic substances<cell>2,432<cell>3.0<cell>69<cell>1.7<cell>52
- <row><cell>Biological products<cell>2,174<cell>3.0<cell>68<cell>4.4<cell>17
- <row><cell>Soap/detergents<cell>15,622<cell>2.5<cell>82<cell>5/8<cell>12
- <row><cell>Polishes/sanitation goods<cell>5,537<cell>2.0<cell>95<cell>-.3<cell>89
- <row><cell>Toilet preparations<cell>17,178<cell>2.3<cell>89<cell>1.5<cell>59
- <row><cell>Nitrogenous fertilizers<cell>2,621<cell>-1.5<cell>136<cell>2.1<cell>44
- <row><cell>Phosphatic fertilizers<cell>5,195<cell>5.0<cell>20<cell>5.7<cell>14
- <row><cell>Agricultural chemicals<cell>8,006<cell>2.0<cell>99<cell>3.6<cell>23
- <row><cell>Adhesives/sealants<cell>5,117<cell>3.0<cell>64<cell>2.6<cell>35
- <row><cell>Petroleum refining<cell>122,827<cell>.4<cell>126<cell>-.2<cell>86
- <row><cell>Tires/inner tubes<cell>11,588<cell>4.0<cell>36<cell>1.3<cell>63
- <row><cell>Fabricated rubber products<cell>6,443<cell>3.0<cell>66<cell>1.6<cell>54
- <row><cell>Plastic plumbing fixtures<cell>1,100<cell>1.9<cell>106<cell>6.3<cell>9
- <row><cell>Misc. plastic products<cell>66,500<cell>2.9<cell>71<cell>2.4<cell>37
- <row><cell>Leather tanning/finishing<cell>2,151<cell>5.0<cell>23<cell>(NC)<cell>81
- <row><cell>House slippers<cell>249<cell>2.0<cell>93<cell>1.8<cell>49
- <row><cell>Luggage<cell>953<cell>(NC)<cell>130<cell>1.0<cell>67
- <row><cell>Flat glass<cell>2,050<cell>2.0<cell>101<cell>-3.0<cell>136
- <row><cell>Cement, hydraulic<cell>4,175<cell>3.3<cell>56<cell>-.2<cell>67
- <row><cell>Ceramic wall/floor tile<cell>747<cell>5.4<cell>12<cell>.4<cell>77
- <row><cell>Gypsum products<cell>3,076<cell>3.9<cell>44<cell>2.5<cell>36
- <row><cell>Steel mill products<cell>54,860<cell>2.4<cell>87<cell>-1.1<cell>111
- <row><cell>Metal sanitary ware<cell>875<cell>.6<cell>125<cell>-.6<cell>96
- <row><cell>Plumbing fitting/trim<cell>2,250<cell>2.3<cell>90<cell>-.7<cell>99
- <row><cell>Screw machine products<cell>2,892<cell>4.0<cell>41<cell>-1.0<cell>105
- <row><cell>Bolts, nuts, rivets, washers<cell>5,127<cell>3.5<cell>51<cell>-.8<cell>101
- <row><cell>Valves/pipe fittings<cell>7,210<cell>2.5<cell>81<cell>(NC)<cell>83
- <row><cell>Farm machinery/equipment<cell>8,266<cell>-2.5<cell>141<cell>-.6<cell>96
- <row><cell>Construction equipment<cell>14,650<cell>3.0<cell>61<cell>.7<cell>72
- <row><cell>Mining machinery<cell>1,675<cell>3.1<cell>60<cell>2.0<cell>45
- <row><cell>Oil/gas field machinery<cell>4,488<cell>2.0<cell>100<cell>6.5<cell>8
- <row><cell>Special dies, tools, jigs, fixtures<cell>7,932<cell>2.8<cell>74<cell>(NC)<cell>84
- <row><cell>Power handtools<cell>2,602<cell>4.2<cell>34<cell>1.2<cell>66
- <row><cell>Paper industries machinery<cell>2,235<cell>-5.2<cell>153<cell>2.9<cell>28
- <row><cell>Food products machinery<cell>2,083<cell>4.4<cell>32<cell>.8<cell>71
- <row><cell>Packaging machinery<cell>2,569<cell>5.0<cell>22<cell>3.8<cell>21
- <row><cell>Computers/peripherals<cell>65,000<cell>8.2<cell>4<cell>.7<cell>73
- <row><cell>Refrigeration/heating equipment<cell>17,334<cell>4.0<cell>35<cell>-1.0<cell>106
- <row><cell>Household cooking equipment<cell>3,205<cell>4.0<cell>43<cell>-3.2<cell>140
- <row><cell>Household refrigeration/freezers<cell>4,195<cell>6.5<cell>8<cell>1.5<cell>57
- <row><cell>Household laundry equipment<cell>3,395<cell>6.7<cell>7<cell>1.7<cell>51
- <row><cell>Electric housewares/fans<cell>2,845<cell>1.6<cell>111<cell>.4<cell>76
- <row><cell>Household vacuum cleaners<cell>1,925<cell>5.4<cell>11<cell>5.8<cell>11
- <row><cell>Household appliances<cell>2,955<cell>5.2<cell>15<cell>5.6<cell>15
- <row><cell>Lighting fixtures<cell>5,937<cell>1.5<cell>115<cell>-1.1<cell>108
- <row><cell>Household audio/video equipment<cell>7,856<cell>1.7<cell>110<cell>4.0<cell>20
- <row><cell>Telephone/telegraph apparatus<cell>17,075<cell>2.0<cell>98<cell>-1.4<cell>115
- <row><cell>Radio/TV communications equipment<cell>19,100<cell>2.0<cell>96<cell>4.2<cell>18
- <row><cell>Semiconductors<cell>35,571<cell>12.0<cell>1<cell>9.5<cell>4
- <row><cell>Electric parts<cell>35,071<cell>3.9<cell>43<cell>.9<cell>69
- <row><cell>Motor vehicles/car bodies<cell>137,500<cell>6.8<cell>6<cell>-.4<cell>92
- <row><cell>Auto parts/accessories<cell>96,311<cell>6.1<cell>9<cell>-.8<cell>100
- <row><cell>Aircraft<cell>41,416<cell>-6.0<cell>156<cell>.3<cell>79
- <row><cell>Aircraft parts/equipment<cell>16,443<cell>-4.8<cell>151<cell>-.6<cell>97
- <row><cell>Ship building/repair<cell>9,554<cell>-3.2<cell>145<cell>2.2<cell>41
- <row><cell>Motorcycles, bicycles, parts<cell>1,461<cell>3.4<cell>54<cell>7.5<cell>5
- <row><cell>Guided missiles/space vehicles<cell>22,927<cell>-5.7<cell>154<cell>-.3<cell>90
- <row><cell>Environmental controls<cell>2,213<cell>.3<cell>128<cell>-.3<cell>91
- <row><cell>Process control instruments<cell>5,419<cell>1.7<cell>109<cell>1.3<cell>64
- <row><cell>Analytical instruments<cell>5,052<cell>4.7<cell>24<cell>6.0<cell>10
- <row><cell>Optical instruments/lenses<cell>1,915<cell>2.2<cell>91<cell>-.8<cell>102
- <row><cell>Measuring/controlling devices<cell>4,052<cell>2.3<cell>88<cell>2.3<cell>39
- <row><cell>Surgical/medical instruments<cell>13,133<cell>8.5<cell>2<cell>10.0<cell>3
- <row><cell>Surgical appliances/supplies<cell>13,449<cell>8.5<cell>3<cell>6.9<cell>6
- <row><cell>Dental equipment/supplies<cell>1,489<cell>5.3<cell>13<cell>-.2<cell>85
- <row><cell>X-ray apparatus/tubes<cell>3,252<cell>5.6<cell>10<cell>16.0<cell>1
- <row><cell>Electromedical equipment<cell>7,269<cell>7.8<cell>5<cell>11.9<cell>2
- <row><cell>Jewelry, precious metal<cell>3,900<cell>4.0<cell>38<cell>-1.2<cell>112
- <row><cell>Musical instruments<cell>736<cell>2.9<cell>72<cell>-2.5<cell>133
- <row><cell>Sporting/athletic goods<cell>7,014<cell>4.4<cell>31<cell>4.7<cell>16
- <row><cell>Costume jewelry<cell>1,210<cell>2.1<cell>92<cell>-2.3<cell>129
- </table>
- <p>Source: U.S. Department of Commerce, International Trade Administration.
- </p>
- <p>By Jonathan C. Menes, Director, Office of Trade and Economic Analysis
- </p>
- </body>
- </article>
- </text>
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