Related-Party Trade Fell to 40.5% of Total Trade in 2011

Related-party trade accounted for 40.5% of total goods trade in 2011, according to a report by the Census Bureau, an absolute increase of 14.6% but a relative decrease from 40.8% to 40.5% as a percentage of total trade. Census said related-party trade accounted for about 48.3% of consumption imports and about 28.9% of total exports. Related-party trade includes trade by U.S. companies with their subsidiaries abroad as well as trade by U.S. subsidiaries of foreign companies with their parent companies.Computer and electronic products, transportation equipment, and chemicals were the top three goods categories for both directions of trade.