BIIA member Panjiva reports that the U.S. exported nearly $140 billion in March, making the month the strongest ever for U.S. exports.
Panjiva’s Trendspotting report shows that March 2012′s $139 billion in exports represented a 7% increase from March 2011 and was $3 billion higher than the next highest month, January 2011. So, what are the top products and countries of import that drove the increase in U.S. exports?
Civilian Aircraft: Civilian aircraft, engines, and parts were the top driver of U.S. exports in March 2012, together comprising over $8.5 billion. In dollar terms, aircraft exports increased 29% from March 2011 to March 2012. Japan and the UAE doubled spending on civilian aircraft imports from the U.S. — other top buyers included China and France.