Glass Imports Outpace Exports in 2016

February 22nd, 2017 by Nick St. Denis

The U.S. increased its imports of flat glass in 2016 compared to 2015, according to DWM’s analysis of U.S. Department of Commerce data. Exports of the product barely changed for the year.

Imports of goods in the “glass-plate, sheet, etc.” category increased 5 percent to $1.812 billion for the year, DOC data released by the U.S. Census Bureau and U.S. Bureau of Economic Analysis show. Imports were down 9.1 percent from November to December, totaling $149 million in the final month.

Exports increased just .07 percent ($1 million) for the year to $1.519 billion. They saw a 2.7-percent decrease from November to December (to $107 million).

The U.S. trade deficit for the “glass-plate, sheet, etc.” segment was $293 million.

Overall, the nation’s goods and services deficit was $43.3 billion in December, down $1.5 billion from November. December exports were $190.7 billion, up $5 billion from the month prior. December imports were $235 billion, $3.6 billion more than November imports.

For the year, the goods and services deficit increased 0.4 percent ($1.9 billion). Exports decreased 2.3 percent ($51.7 billion), and imports decreased 1.8 percent ($49.9 billion).

In another report, the value of shipments in the U.S. for nonmetallic mineral products, which include flat glass, increased 4.4 percent through 2016 and 0.1 percent from November to December.

Fabricated metal products, which include glazing systems, saw a 1.8-percent increase for the year and a 0.3-percent decrease for the month.

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