Despite COVID-19, U.S. A&D Achieves $43B Trade Surplus In 2020

Credit: U.S. Department of Commerce
The U.S. aerospace industry provided a foreign trade surplus of around $43 billion in 2020, the U.S. Commerce Department reported this month, a notable achievement amid the onset of COVID-19 but almost half the sector’s 2019 level. Commerce said aerospace achieved a balance, or exports over imports...
Michael Bruno

Based in Washington, Michael Bruno is Aviation Week Network’s Executive Editor for Business. He oversees coverage of aviation, aerospace and defense businesses, supply chains and related issues.

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Despite COVID-19, U.S. A&D Achieves $43B Trade Surplus In 2020 is published in Aerospace Daily & Defense Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.

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