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December 2, 2008 12:17:02 PM CST

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Quality Boosts US Exports

Posted Dec 26, 07 12:55 PM CST in World,  Technology,  Business 

(Newser) – The sinking dollar is fueling a booming export market in tractors, medical equipment, and electrical machinery, helping some US manufacturers overcome a falloff in domestic sales, reports the Washington Post. The trend may even help reduce the trade deficit: For 2007, US exports are projected to increase even more than the 12.7% they rose between 2005 and 2006.

Experts debate whether to credit the weak dollar or the rise in living standards in developing nations. Much of the growth comes from specialty products whose reputations are tied to US know-how. “In some of these fast-growing countries, firms don't want to buy their own stuff," said an executive at one Ohio manufacturer. "They don't trust it."

Source Washington Post

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Graphic charts the monthly changes in U.S. imports, exports and trade deficit and value of the U.S. dollar to the euro.   (Associated Press)
Graphic charts the monthly changes in U.S. imports, exports and trade deficit.   (Associated Press)
The first Boeing Co. 787 Dreamliner takes shape in the assembly plant in Everett, Wash., in this May 21, 2007 file photo.   (Associated Press)
Rows of heavy Caterpillar equipment sits ready for shipment at the Caterpillar plant in Decatur, Ill., in this April 20, 2007 file photo. Exports have been a bright spot for the U.S. economy.   (Associated Press)
Trucks pick up shipping containers at the Port of Newark on Wednesday, Aug. 29, 2007 in New Jersey.   (Associated Press)
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