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U.S. Economists Have Projected 5% to 7% Growth for Manufacturing Industry in 2007
added: 2007-02-20

The industry’s revenue for the year 2005 was approximately $2,370,000,000. The gross profit was 30.59% at $724,983,000. There were 244 establishments in this industry that year. Thus, average contribution (or revenue) per establishment annually was $9,707,000.

The total import export value for the year 2005 was $1,446,591,000. The top 5 trading countries were: China, $569,005,000 (39.33%); Mexico, $189,297,000 (13.09%); Canada, $162,839,000 (11.26%); Germany, $133,404,000 (9.22%); and Ireland, $35,369,000 (2.44%). Their combined total represents approximately 75% of all imports and exports.

The total importing value for the year 2005 was $1,137,506,000. The top 5 importing countries were: China, $565,827,000 (49.74%); Mexico, $151,143,000 (13.29%); Germany, $127,477,000 (11.21%); Taiwan, $30,146,000 (2.65%); and Canada, $28,742,000 (2.53%). Their combined total represents approximately 79% of import from all countries.

The total exporting value for the year 2005 was $309,085,000. The top 5 exporting countries were: Canada, $134,097,000 (43.39%); Mexico, $38,154,000 (12.34%); Ireland, $31,339,000 (10.14%); United Kingdom, $13,712,000 (4.44%); and Japan, $10,618,000 (3.44%). Their combined total represents approximately 74% of export to all countries.

Adding the import and subtracting the export, the total U.S. consumption value of this industry for the year was $3,198,000,000.

The U.S. manufacturing sector is expected to hit the monumental 5 trillion dollars net sales in 2006. U.S. economists have projected another 5% to 7% growth in the year 2007.


Source: Business Wire

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