• Foreign demand for large civil aircraft diminished because of a depressed global economy, anxiety caused by terrorism and viral infections, and an abundance of economically viable used aircraft.

• The increased U.S. trade surplus in aircraft engines and parts was driven by a steep decline in imports of aircraft turbine engines, resulting from a decline in U.S. large civil aircraft production and the shrinking U.S. airline fleet.

• The combined market share of the Big Three’s domestic brands in 2003 slipped to a historical low–60.2 percent.

• The growing trade deficit in motor-vehicle parts and engines is driven in part by the extensive integration of the North American automotive industry and the growth in U.S. vehicle production by German and Japanese vehicle producers that source engines and/or components from their respective home supplier networks.

• U.S. trade deficit: Increased by $6.8 billion (8 percent) to $$89.3 billion
• U.S. exports: Decreased by $1.7 billion (1 percent) to $142.9 billion
• U.S. imports: Increased by $5.1 billion (2 percent) to $232.2 billion
• Aircraft, spacecraft and related equipment, aircraft engines and gas turbines, motor vehicles, internal combustion engines, other than for aircraft, and certain motor vehicle parts exhibited the largest shifts.

USITC PUBLICATIONS

Industry and Trade Summary

Motor Vehicles

Industry Trade and Technology Review

Production-Sharing Update: Developments in 2002 (Motor Vehicles and Parts)

Mexico's Emergence as a Global Automotive Production Center Drives Trade and Investment

OTHER GOVERNMENT RESOURCES

U.S. Department of Commerce, International Trade Administration

Office of Aerospace

Office of Automotive Affairs

U.S. Department of Transportation, Federal Aviation Administration

FAA Annual Aviation Forecasts