U.S. Trade Slow to Recover

According to International Freighting Weekly, trade exports into Europe and the U.S. has dropped by 21 percent since the beginning of 2009. The Bureau of Economic Analysis reports, U.S. exports totaled $121.1billon in April, $2.8 billon less than in March. Imports also fell $2.2 billon from the March totaling of $152.5 billon.

However, the Asian markets have improved this year. The Hong Kong Trade Development Council says that overseas buyers have been placing more orders and the Bank of Japan announced that exports are rising and factories outputs have increased at the fastest rate in 50 years.

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Tags: Export, Export On-Demand, Global Trade
Posted in Small to Mid-Sized Companies |