Medical and Hospital News  
TRADE WARS
Aerospace, defense sector largest contributor to U.S. exports
by Richard Tomkins
New York (UPI) Apr 14, 2016


disclaimer: image is for illustration purposes only

The U.S. aerospace and defense sector's gross exports increased by $5 billion in 2015 and are expected to rise this year, according to a Deloitte report.

The report -- U.S. Aerospace & Defense Export Competitiveness Study -- said the $5 billion achieved in 2015 represents a 58.9 percent increase in the last five years. The increase for 2016 is expected to be 3.2 percent.

Deloitte says new defense platform products and expected foreign military sales by U.S. defense contractors are expected to contribute to 2016 increases.

"The U.S. aerospace and defense sector was the largest contributor to America's net exports during the 2010 to 2015 period, making it one of the few domestic industrial sectors with a positive trade balance," said Tom Captain, vice chairman, Deloitte LLP, and aerospace and defense sector leader. "The sector is also a top employer, taxpayer and contributor to the nation's gross domestic product, making it key to U.S. manufacturing competitiveness."

Deloitte said that in analyzing the period 2010 to 2015 it found the aerospace and defense sector accounted for 9.5 percent of total U.S. exports in 2015, with the sector's contribution increasing from 7.1 percent of total exports in 2010; the total aerospace and defense gross exports in 2015 were $143.3 billion; and China was the largest aerospace and defense export market for the U.S. in 2015, followed by the U.K. and France.

The top five U.S. states for sector exports were Washington, California, Connecticut, Texas and Georgia. They accounted for about 61 percent of the sector exports in 2015.

Deloitte said its analysis is based on historical export data for 2008 to 2015 from U.S. Census Bureau; U.N. Comtrade; the U.S. Bureau of Labor Statistics; the U.S. Bureau of Economic Analysis; the U.S. Office of Personnel Management; Stockholm International Peace Research Institute; and actual and projected aircraft delivery data from Boeing


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
TRADE WARS
China exports rise for first time in nine months
Beijing (AFP) April 13, 2016
Chinese exports surged in March, the first gain in nine months and the latest positive data out of the world's number two economy, but analysts warned Wednesday's headline figure masked ongoing weakness in overseas demand. Official figures showing a better-than-expected jump in shipments abroad come just days after another strong inflation reading and last week's surprise jump in an index of ... read more


TRADE WARS
Pakistan ends search for 23 people trapped by landslide

Czechs scrap programme to resettle Iraqi Christians

Five charged over deadly Taiwan quake building collapse

Vibrations make large landslides flow like fluid

TRADE WARS
Satellite touchdown in run up to Galileo launch

Russian Glonass Satellite Scheduled for Launch on May 21

Glonass navigation system's ground infrastructure successfully completed

China launches 22nd BeiDou navigation satellite

TRADE WARS
Humans likely delivered diseases to Neanderthals

Primate evolution in the fast lane

Neanderthal Y chromosome offers clues to what kept us separate species

Early humans colonized South America like an invasive species

TRADE WARS
Wealth of unsuspected new microbes expands tree of life

New way to smell a rat means end for rodents

Restoring ecosystems - how to learn from our mistakes

Copper sulfate found to be toxic to stingless bees

TRADE WARS
Co-evolving antivirals aim to keep ahead of fast-changing viruses

Scientists build trap for Zika-transmitting mosquitos

Ancient DNA shows European wipe-out of early Americans

Scientists unlock genetic secret that could help fight malaria

TRADE WARS
Missing Hong Kong bookseller case unfortunate: China official

Hong Kong pro-democracy protester stands trial

China jails activist who supported Hong Kong protests

Outrage over on-camera abduction attempt in China

TRADE WARS
Pirates abduct six Turkish crew off Nigeria: navy

US, Hong Kong bust huge smuggling operation

10 gang suspects killed in northern Mexico

TRADE WARS
Worried IMF cuts world growth forecast, warns over Brexit

Emerging markets show 'signs of distress': IMF

IMF sees $1.3 trillion in 'at-risk' Chinese company debt

World Bank and China-backed infrastructure bank join hands









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.