Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Tire
    • Airless Tires
    • Non-Tire
    • More News
    • Suppliers
    • Silicone
    • Latex
    • Technical Notebooks
    • Opinion
    • Online Exclusive
    • Special Reports
    • Automotive
    • Executive Action
    • Government/Legal
    • Sustainability
    • Blogs
      • Products
      • Wacky World of Rubber
    • Best Places to Work
    • War in Ukraine
    • Rubber Division IEC
    • ITEC
    • Women Breaking the Mold
  • PFAS
  • Custom
    • Sponsored Content
    • White Papers
  • Resources
    • Directory
    • Classifieds & Mold Mart
  • Data
  • Events
    • RN Events
    • RN Livestreams/Webinars
    • Industry Events
    • Past Events
    • Rubber News M&A Live
    • PFAS Live
    • Ask the Expert
    • International Tire Exhibition & Conference (ITEC)
    • Women Breaking the Mold Networking Forum
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
March 18, 2015 02:00 AM

Rubber trade deficit eclipses $9 billion through 3Q of 2014

Rubber & Plastics News Report
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    WASHINGTON—The U.S. rubber product trade deficit averaged more than $1 billion a month for the first three quarters of 2014, with imports more than doubling exports.

    The trade shortfall for the period totaled $9.2 billion, a 5.9 percent increase from a year earlier, according to data collected by the Department of Commerce. Exports gained 2.5 percent to $8.18 billion, while imports climbed 4.3 percent to $17.4 billion.

    For tires and related products, the deficit through three quarters of last year climbed 4.4 percent to $6.83 billion. Exports dropped 1.4 percent while imports rose 2 percent to $11.2 billion.

    The shortfall for passenger tires inched up just 0.1 percent to $4.1 billion, while the deficit for truck and bus tires grew 6.1 percent to $1.39 billion.

    Among other rubber product categories, the belting deficit jumped 14.1 percent to $144.5 million. Exports were stagnant but imports increased 3.9 percent. The deficit for miscellaneous hard rubber goods rose 1.2 percent to $732.1 million. Exports grew 10.2 percent and imports 7.7 percent.

    The shortfall for hose and tubing increased 49.8 percent to $285 million through three quarters. Exports climbed 9.5 percent and imports 17.6 percent.

    On the supply side, the surplus for the first nine months of last year rose 39.9 percent to $585.6 million, with exports up 1.2 percent and imports down 5 percent.

    Related Articles
    Rubber trade deficit soars 8.8% in 2014 first half
    Rubber product trade deficit dips slightly in July
    DOC moves back final countervailing duty determination
    China's rubber sector to grow slowly in 2015
    U.S. rubber trade deficit balloons 13.9% in Oct.
    U.S. rubber product deficit rises 5.2% for Nov.
    Rubber product trade deficit tops $12 billion in 2014
    Letter
    to the
    Editor

    Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    Most Popular
    1
    Breaking molds, inspiring an entire industry | Women Breaking the Mold 2023
    2
    Goodyear to cut jobs, divest Asia-Pacific locations
    3
    Tayte French Lutz named French Oil CEO
    4
    Our View: Being engaged crucial in PFAS regulation process
    5
    Wacky World of Rubber: The true story behind the rubber match
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • News
      • Tire
      • Airless Tires
      • Non-Tire
      • More News
        • Automotive
        • Executive Action
        • Government/Legal
        • Sustainability
        • Blogs
          • Products
          • Wacky World of Rubber
      • Suppliers
      • Silicone
      • Latex
      • Technical Notebooks
      • Opinion
      • Online Exclusive
      • Special Reports
        • Best Places to Work
        • War in Ukraine
        • Rubber Division IEC
        • ITEC
        • Women Breaking the Mold
    • PFAS
    • Custom
      • Sponsored Content
      • White Papers
    • Resources
      • Directory
      • Classifieds & Mold Mart
    • Data
    • Events
      • RN Events
        • International Tire Exhibition & Conference (ITEC)
        • Women Breaking the Mold Networking Forum
      • RN Livestreams/Webinars
      • Industry Events
      • Past Events
      • Rubber News M&A Live
      • PFAS Live
      • Ask the Expert
    • Advertise
    • DIGITAL EDITION