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Institute for Workplace Studies-----------------Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor--------------------Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

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United States International Trade Commission (USITC)

Staff Working Papers

 

A Note on U.S. Trade Statistics

August 22, 2014

http://www.usitc.gov/publications/research/tradestatsnote.pdf

[full-text, 5 pages]

 

This note, prepared by the staff of the United States International Trade Commission (USITC), is

intended to help the public understand the most widely cited figures on the U.S. merchandise trade

balance. It begins with a definition of the underlying trade flows and proceeds to a discussion of the

resulting balances. This note relies entirely on official U.S. trade data generated by the U.S. Census

Bureau (Census).1 Census provides two measures of goods imports and two measures of goods exports.

The USITC’s Data Web makes these measures, along with corresponding trade balance calculations,

available free to the public.2

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This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.