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Billions of Dollars<br />

U.S. imports for for consumption; Non<br />

Non Non-oil oil imports exclude HTS items 2709 and 2710.<br />

Source: U.S. Department of Commerce Commerce Commerce Commerce and and and the U.S. U.S. U.S. U.S. International Trade Trade Trade Trade Commission.<br />

Commission.<br />

Real GDP Percent Change from Preceding<br />

Year<br />

2,500<br />

2,000<br />

1,500<br />

1,000<br />

500<br />

5<br />

4<br />

3<br />

2<br />

1<br />

0<br />

--1<br />

--2<br />

--3<br />

--4<br />

Source: U.S. Bureau Bureau of of Economic Analysis.<br />

Chart 1<br />

U.S. Merchandise <strong>Imports</strong>, <strong>Imports</strong>, <strong>Imports</strong>, 2001<br />

2001<br />

2001<br />

2001 2001- 2001-2012<br />

2012<br />

0<br />

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012<br />

Chart 2<br />

Annual Changes in Inflation<br />

Inflation<br />

Inflation<br />

Inflation-Adjusted Inflation Adjusted U.S. GDP and U.S. U.S. U.S. <strong>Imports</strong> <strong>Imports</strong><br />

(Gray bars bars are are are recession recession recession years)<br />

years)<br />

years)<br />

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012<br />

Gross domestic domestic product<br />

product<br />

Goods <strong>Imports</strong><br />

Total, Inc. Oil<br />

Oil<br />

Total, Non Non-Oil Oil<br />

20<br />

15<br />

10<br />

5<br />

0<br />

-55<br />

-10 10<br />

-15 15<br />

-20 20<br />

Real <strong>Imports</strong> Percent Change from<br />

Preceding Year

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