FIGURE 1: The U.S. balance of trade. The plots illustrate the continued net positive contribution of the chemical industry to the overall U.S. position. Source: U.S. Department of Commerce, Bureau of the Census.

The U.S. chemical industry added about $153 billion in value to the approximately $137 billion worth of raw materials it processed in 1990. 2

The U.S. chemical trade balance, which has been consistently positive in the last decade, grew to a surplus of $19 billion in 1991; by contrast, the United States had a net trade deficit of more than $65 billion in that same year. 3 (See Figure 1.)

1  

U.S. Department of Commerce, Bureau of the Census, Industry Division.

2  

U.S. Department of Commerce, Bureau of the Census, 1990 Annual Survey of Manufacturers, M90(AS)-1.

3  

Chemical & Engineering News, December 9, 1991, pp. 41, 43; June 29, 1992, p. 62.

Hybrid resins provide a unique combination of strength, stiffness, and a smooth, corrosion-resistant surface for manufacturing applications such as the sailboard shown here.



The National Academies | 500 Fifth St. N.W. | Washington, D.C. 20001
Copyright © National Academy of Sciences. All rights reserved.
Terms of Use and Privacy Statement