U.S. exports slip 18% through April

U.S. exports of goods and services during the first four months of this year were 18 percent lower than in the same period last year, the U.S. Commerce Department said, reflecting reduced demand in overseas markets for U.S. products due to the global recession.

In the Commerce Department’s April 2009 international trade report, U.S. imports decreased 27 percent over the first four months of 2009, compared to the same period last year, due to the recession and lower petroleum import prices this year (American Shipper Namaste, June 11, 2009).

Read Full article