Agenda Reports - Port of Oakland
Agenda Reports - Port of Oakland
Agenda Reports - Port of Oakland
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$20<br />
$0<br />
-$20<br />
-$40<br />
-$60<br />
-$80<br />
1992<br />
Billions<br />
1993<br />
1994<br />
1995<br />
1996<br />
1997<br />
1998<br />
1999<br />
2000<br />
2001<br />
Unsustainable Trade Deficit<br />
US Trade Balance Components: 1992 -2010<br />
2002<br />
2003<br />
2004<br />
2005<br />
2006<br />
2007<br />
Goods Balance Services Balance Oil Balance<br />
2008<br />
2009<br />
STRATEGY & POLICY Tab 4.1<br />
2010<br />
2011<br />
2012<br />
45% <strong>of</strong> the<br />
trade<br />
deficit is<br />
due to<br />
petroleum<br />
imports<br />
• Including oil, the goods deficit is 4.8x the services surplus, 2.8x excluding oil<br />
• Increased import dependency is unavoidable – the US needs to export more<br />
40 <strong>of</strong> 52
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