Abstract
In 1995, the U.S. enjoyed another year of chemical trade surplus with its world partners, despite faster growth in chemical imports and a further rise in the total U.S. trade deficit. But in the first quarter of 1996, the U.S/s chemical trade surplus fell dramatically. Whether this signals a trend toward growing chemical imports and slower growth in exports isn't clear. The value of U.S. chemical exports totaled $15 billion in first-quarter 1996, compared with $14.8 billion in last year's first quarter. However, because of rising imports, the surplus for the quarter was $3.9 billion, down considerably from $4.9 billion a year earlier. Chemical imports in the quarter were $11.1 billion, up 12.5% from a year earlier. 'Tart of the slowdown in chemical trade is related to the recent strengthening of the dollar, particularly against the yen and the deutsche mark, says Duncan H. Meldrum, corporate economist for Air Products & Chemicals. Other factors are ...
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