WASHINGTON (May 24)—The U.S. rubber product trade deficit dropped in 2001 for the first time in four years, falling 8.8 percent to $2.81 billion, down from $3.08 billion posted in 2000, according to U.S. Commerce Department figures. Trade activity was down for the bulk of the 12-month period, as exports fell 5.5 percent to $4.92 billion and imports slumped 6.7 percent to $7.74 billion. In December of last year, the rubber product deficit climbed 16.6 percent to $222.6 million, up from $191 million in the like period of 2000. Exports for the month slipped 9.5 percent to $353.1 million while imports dipped less than 1 percent to $575.7 million.
Rubber product trade deficit decreases 8.8 percent in 2001
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