Washington Report: U.S. Aerospace trade balance soared in 2007
The Aerospace Industries Association (AIA) said that increased exports of aerospace products in the final quarter of last year sent the aerospace industry’

The Aerospace Industries Association (AIA) said that increased exports of aerospace products in the final quarter of last year sent the aerospace industry’s positive trade balance into record territory, with a final tally of $60.4 billion.

Aerospace industry exports soared to almost $97 billion in 2007, an increase of nearly 14 percent over the $85 billion worth of aerospace products exported in 2006. Civil aircraft exports, which accounted for almost 50 percent of total aerospace exports, dominated the growth. Military-related exports accounted for almost $13 billion of the total.