The aerospace industry is doing its part for the US economy, posting record export numbers for the first and second quarters of the year.
Arlington, Va. – Foreign trade in the aerospace industry is continuing to show strength, posting a surplus of about $19 billion in the first half of this year.
According to statistics compiled by AIA's Aerospace Research Center, the industry exported a total of $33 billion in products through June while importing $14 billion. The $19 billion surplus at the year's midpoint puts it on pace to surpass last year's total surplus of $31 billion.
AIA President and CEO John Douglass said the statistics show aerospace continues to be a vital keystone for the U.S. economy.
"This news comes on the heels of reports of growth in aerospace employment as well as orders, shipments, and backlog," Douglass said. "Our industry can boast the largest positive foreign trade balance in U.S. manufacturing." ...
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