Abstract
The Commerce Department's release of international trade data for July revealed a precipitous drop in the trade surplus for chemicals, which contributed to a greater U.S. trade deficit in July compared with June. U.S. chemical exports were valued at $4.94 billion in July, a 1% drop compared with July 1995. Chemical imports into the U.S. rose to $3.77 billion, up 11.4% from the same period last year. The chemical trade surplus—$1.17 billion—fell 27.2% below last July's surplus. The July chemical trade surplus fell 28.6% from that of the previous month. Although June is historically one of the strongest months for chemical trade, this year's June-to-july drop-off is much greater than that in 1995—17.2%. For the first seven months of 1996, chemical exports were valued at $35.9 billion, a 1.4% increase from the same period in 1995. But chemical imports for the first seven months totaled $26.3 billion, a 10.6% rise ...
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