SOME ECONOMIC VIEWS ON USA.

Today, the U.S. Department of Commerce released the U.S. June 2012 trade performance figures. The U.S. monthly international trade deficit in goods and services decreased to $42.9 billion in June from $48.0 billion in May (revised), as exports increased and imports decreased. Total exports of goods and services (June 2012)    -   $185.0 billion

Total imports of goods and services (June 2012)    -   $227.9 billion

Goods and Services Deficit (June 2012)                     -   $ 42.9 billion

Goods and Services Trade
(Month-to month)

·        Exports increased to $185.0 billion in June from $183.3 billion in May (revised). Goods exported were $132.8 billion in June, up from $130.9 billion in May while services were $52.2 billion in June, down from $52.4 billion in May.

·        Imports decreased to $227.9 billion in June from $231.4 billion in May (revised). Goods imported were $190.3 billion in June, down from $193.9 billion in May. Services were $37.6 billion in June, up from $37.5 billion in May.

      For goods, the deficit was $57.5 billion in June, down from $62.9 billion in May. For services, the surplus was $14.6 billion in June, down from $14.9 billion in May.
Goods by Category

·        The May to June increase in exports of goods reflected increases in consumer goods, feeds, automotive vehicles, parts and engines; industrial supplies and materials; other goods; and capital goods. A decrease occurred in foods, feeds and beverages.  

·        The May to June decrease in imports of goods reflected decreases in industrial supplies and materials, capital goods; consumer goods, and foods, feeds and beverages. Increases occurred in automotive vehicles, parts, and engines and other goods.  

Services by Category

·        Exports of services decreased $0.2 billion from May to June. The decrease was mostly accounted for by decreases in other private services, which includes items such as business, professional and technical services, insurance services, and financial services, and other transportation, which includes freight and port services.

·        Imports of services increased $0.1 billion from May to June. The increase was more than accounted for by increases in passenger fares and other private services.
Year-on-year (June 2011 – June 2012)

·        The goods and services deficit decreased $7.4 billion from June 2011 to         June 2012.

·        Exports in June 2012 increased $12.3 billion, or 7.1% as compared to June 2012.

·        Imports in June 2012 increased $4.9 billion, or 2.2% as compared to June 2011.
U.S. Global Trade (US$billion – Goods only)

Year

                              Exports       Imports        Total Trade
Jan-June 2011       $721.93      $1,068.32      $1,790.26
Jan-June 2012       $773.62      $1,132.17      $1,905.79

U.S. - Malaysia Bilateral Trade (US$ billion)

Year	Exports	Imports	Total Trade
Jan-June 2011	$7.51	$12.69	$20.20
Jan-June 2012	$6.37	$12.55	$18.92

Source: - US Bureau of Economic Analysis

U.S. Trading Partners

·        The U.S. experienced trade surpluses, in billions of dollars with:-

Selected Country	June 2012	May 2012
Hong Kong	$2.6	$2.9
Australia	$1.9	$1.7
Singapore	$1.2	$1.0
Egypt	$0.1	$0.1

·        U.S. major trade deficits were recorded, in billions of dollars with:-

Selected Country	June 2012	May 2012
China	$27.4	$26.0
OPEC	$8.5	$11.2
European Union	$8.4	$10.5
Japan	$6.0	$6.4
Mexico	$5.9	$6.3
Germany	$4.1	$4.9
Ireland	$2.6	$2.7
Canada	$1.5	$2.0
Nigeria	$1.4	$1.4
Viet Nam	$1.4	$1.3
Thailand	$1.4	$1.2
Taiwan	$1.2	$1.3
Korea	$1.1	$2.0
Venezuela	$1.0	$1.6
Malaysia	$1.0	$1.0
Indonesia	$0.7	$0.6
Philippines	$0.4	$0.2

Trade Deficit with other countries:

·        The goods deficit with China increased from $26.0 billion in May to $27.4 billion in June. Exports decreased $0.4 billion (primarily copper, raw cotton, and organic chemicals) to $8.5 billion, while imports increased $1.0 billion (primarily computers, apparel, and cell phones and other household goods) to $35.9 billion.

·        The goods deficit with the European Union decreased from $10.5 billion in May to $8.4 billion in June. Exports increased $0.4 billion (primarily pharmaceutical preparations and fuel oil) to $23.3 billion, while imports decreased $1.7 billion (primarily passenger cars and pharmaceutical preparations) to $31.7 billion.

As Salam.....................................

MEETING & WORKSHOP ON ELECTRONIC CERTIFICATE OF ORIGIN IN BEIJING, CHINA.

Recently Amran Sameon, the Director of Trade Facilitation and Technology of MITI, from Kuala Lumpur, Malaysia, attended a Meeting and also Workshop organised by the APEC Secretariat of China, concerning Electronic Certificate of Origin Implementation among the APEC economies, held in Beijing, China, on Electronic Certificate of Origin (ePCO). Other APEC Members of Economies attended the Workshop were representatives from China, Chinese Taipei, South Korea, Mexico, Peru, Chile, Indonesia, Thailand, Philippines, Malaysia, and Brunei Darussalam.

         Each of the APEC member economy has presented it country or their economy readiness on implementation for Electronic Preferential Certificate of Origin. Amran Sameon from MITI Malaysia has presented his power-point presentation during the Seminar and Workshop in Beijing, China. Other APEC economies also presented their presentations on implementation of electronic Preferential Certificate of Origin (ePCO) during Seminar, among others were from Mexico, Peru, Chile, Chinese Taipei, Viet Nam, Thailand, the Philippines, and South Korea. 

As Salam......................................................................

MESYUARAT ALIRAN PROSES PELABUHAN STANDARD DI SARAWAK.

Gambar ehsan dari Borneo Post berkaitan Mesyuarat di Sarawak. Kelihatan Amran Sameon duduk no. 6 dari kiri bersebelahan dengan YBhg Datuk Yahya Basimin, Setiausaha Persekutuan Sarawak.

AT "HARD ROCK CAFE" IN MOSCOW CITY

Wheather outside the building in Moscow City, Russia, was very very cold indeed.... at that time outside the building was minus/negative 16 degree celsius. Everybody faces were expended, he he he........ yaa look old....., he he he he he...too cold... Amran Sameon (centre) were together with Director of SPRM HQ in Putrajaya and also an official from the Prime Minister Department currently station at the Malaysian Embassy in Moscow City, Russia.

Amran Sameon (centre) were together with Director of SPRM HQ in Putrajaya and also an official from the Prime Minister Department currently station at the Malaysian Embassy in Moscow City, Russia.

As Salam.......................................

VISITING MOSCOW CITY OF RUSSIA AFTER APEC MEETING

Amran Sameon and Mr Shahnor were in the central of Moscow City. The whether was very cold, which was about negative (-) 27 degree celsius during the Russia APEC Meeting in Moscow recently.

Amran Sameon was in the central of Moscow City. The whether was very cold, which was about negative (-) 27 degree celsius during the Russia APEC Meeting in Moscow recently.

Amran Sameon was in the central of Moscow City. The whether was very cold, which was about negative (-) 27 degree celsius during the Russia APEC Meeting in Moscow recently.

Amran Sameon was in the central of Moscow City. The whether was very cold, which was about negative (-) 27 degree celsius during the Russia APEC Meeting in Moscow recently.

Amran Sameon was in the central of Moscow City. The whether was very cold, which was about negative (-) 27 degree celsius during the Russia APEC Meeting in Moscow recently.

Amran Sameon was in the central of Moscow City. The whether was very cold, which was about negative (-) 27 degree celsius during the Russia APEC Meeting in Moscow recently.

Amran Sameon was in the central of Moscow City. The whether was very cold, which was about negative (-) 27 degree celsius during the Russia APEC Meeting in Moscow recently.

Amran Sameon was in the central of Moscow City. The whether was very cold, which was about negative (-) 27 degree celsius during the Russia APEC Meeting in Moscow recently.

Amran Sameon was in the central of Moscow City. The whether was very cold, which was about negative (-) 27 degree celsius during the Russia APEC Meeting in Moscow recently.

Amran Sameon was in the central of Moscow City. The whether was very cold, which was about negative (-) 27 degree celsius during the Russia APEC Meeting in Moscow recently.

As Salam................................



"RED SQUARE" IN MOSCOW, RUSSIA FEDERATION.

This is one of the Churches in the area of "Red Square" of Moscow City in Russia. Amran Sameon with Malaysian Delegates in Moscow City.

This is the Official resident of the President of Russian Federation "The Kremlin" in the area of "Red Square" of Moscow City in Russia. Amran Sameon in Moscow City.

This is one of the Most Beautiful Cetherdal / Church in Moscow City and located in the area of "Red Square" of Moscow City in Russia. Amran Sameon with Malaysian Delegates in Moscow City.

This is one of the Churches in the area of "Red Square" of Moscow City in Russia. Amran Sameon with Malaysian Delegates in Moscow City.

This is one of the Shopping Mall in the area of "Red Square" of Moscow City in Russia. Amran Sameon with Malaysian Delegates in Moscow City.

This is one of the Shopping Mall in the area of "Red Square" of Moscow City in Russia. Amran Sameon with Malaysian Delegates in Moscow City.

This is one of the Shopping Mall in the area of "Red Square" of Moscow City in Russia. Amran Sameon with Malaysian Delegates in Moscow City.

This is one of the Under Ground Train Station in Moscow City in Russia. Amran Sameon with Malaysian Delegates in Moscow City.

This is one of the area of Moscow City in Russia. Amran Sameon with Malaysian Delegates in Moscow City.

As Salam...............................................

VISITING MOSCOW CITY USING UNDERGROUND PUBLIC TRANSPORT

This was on the way for Amran Sameon from the Hotel to the Under-Ground Train Station in Moscow City.

This was on the way for Amran Sameon from the Hotel to the Under-Ground Train Station in Moscow City. We can see the interesting buildings in Moscow City.

This was on the train which Amran Sameon and the Delegates from Thailand were using the Under-Ground Train to travel within Moscow City through the Under-Ground Train Station in Moscow City, Russia.

This was on the train which Amran Sameon and the Delegates from Thailand were using the Under-Ground Train to travel within Moscow City through the Under-Ground Train Station in Moscow City, Russia.

Amran Sameon was visiting the Official Residence of the President of Russian Federation "The Kremlin" in Moscow City.

Amran Sameon was visiting the Official Residence of the President of Russian Federation "The Kremlin" in Moscow City.

Amran Sameon was visiting the Official Residence of the President of Russian Federation "The Kremlin" in Moscow City.

As Salam.............................................................