Figure 12 



U.S. Trade Balance in Technology-and 

 Nontechnology- Intensive Manufactured 

 Products, 1960-71 



I960 '61 '62 63 '64 '65 '66 '67 '68 69 '70 71 

 SOURCE US Department ot Commerce 



nology-intensive area is shown in figure 13 for 

 each of the five industry groups. 



• Nonelectrical machinery declined irT net 

 exports during 1971. The decline was pri- 

 marily due to the continuing rise in imports 

 of office and textile machinery. Computers 

 and construction and mining equipment 

 account principally for the net export posi- 

 tion. 



• Aircraft and parts had a 9:1 export/import 

 ratio in 1971. Although this has been the 

 fastest growing exporting industry, there 

 are signs that the favorable ratio may de- 

 cline in the near future. 



• Chemical net exports declined in 1971 

 chiefly due to increased imports of chemical 

 elements and compounds as well as medici- 

 nal and pharmaceutical products; major net 

 export products were plastics and resins and 

 radioactive materials. 



• Instruments maintained a steady but small 

 growth in net exports. 



Figure 13 



U.S. Trade Balance in Technology- 

 Intensive Products, 1966-71 



(Billions of Dollars) 



By Product 



.'^->. 



Nonelectrical machinery ^* 



Aircraft ^ 



1966 '67 



(Billions of Dollars) 

 6 I 



■69 '70 



With Other Nations 



4 - 



Developing 



nations 



--' 



3 - 



2 - 



1 - 



Western ^^^ 

 Europe ^ ' 



I 



Japan 



-1 

 1966 '67 '68 



SOURCE US. Department of Commerce 



'69 



'70 



16 



