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Macro Pulse highlights recent activity and events expected to affect the U.S. economy over the next 24 months. While the review is of the entire U.S. economy its particular focus is on developments affecting the Forest Products industry. Everyone with a stake in any level of the sector can benefit from
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Saturday, September 29, 2012

July 2012 International Trade

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Total July exports of $183.3 billion and imports of $225.3 billion resulted in a goods and services deficit of $42.0 billion, up from $41.9 billion in June. July exports were $1.9 billion less than June exports of $185.2 billion. July imports were $1.8 billion less than June imports of $227.1 billion.
 
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Paper exports advanced slightly, rising by 43,000 tons (1.8 percent). Imports increased more dramatically, by 71,000 tons (9.4 percent). Exports were 224,000 tons (8.5 percent) lower than a year earlier while imports were 45,000 tons (5.2 percent) lower.
 
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Softwood lumber exports edged up by 1 MMBF (0.5 percent), in July while imports exploded by 167 MMBF (21.0 percent). Exports were 12 MMBF (8.6 percent) lower than year-earlier levels; imports were 177 MMBF (22.5 percent) higher.

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