U.S. travel exports declined slightly in July, but remain up compared to 2013, according to the U.S. Travel Association, which last week released its analysis of the U.S. Department of Commerce's latest report on international trade.
"Although travel exports edged down slightly in July to $19.1 billion [from $19.3 billion in June], travel imports remained essentially unchanged at $12.4 billion, resulting in a continuing healthy travel trade surplus of $6.7 billion," David Huether, U.S. Travel's senior vice president for research and economics, said in a statement.
Compared to July 2013 travel exports are up 8.1 percent - which is more than double the 3.9 percent increase in other exports of goods and services.
"Not only did travel exports account for 9.7 percent of total U.S. exports in July 2014, they comprise nearly a fifth of the overall $8.1 billion increase in U.S. exports during the past year," Huether continued.
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