Financial Business Solutions Worldwide Looks To Assist US Department Of Commerce With Financing

(1888PressRelease) May 27, 2009 - The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced earlier this year that total March exports of $123.6 billion and imports of $151.2 billion resulted in a goods and services deficit of $27.6 billion, up from $26.1 billion in February, revised. March exports were $3.0 billion less than February exports of $126.6 billion. March imports were $1.6 billion less than February imports of $152.8 billion.



Financial Business Solutions Worldwide has been attempting to problem solve this deficit with its regulatory officials and strategize new funding options for US Export companies.



"We are most definitely in a crunch from economic stand point but there are indeed ways to improve this. We have funding mechanisms that can really jump start portions of this economy, but it will be up to the principals behind these companies to step forward." said FBSW Officials.



In March, the goods deficit increased $1.2 billion from February to $38.4 billion, and the services surplus decreased $0.2 billion to $10.8 billion. Exports of goods decreased $2.5 billion to $82.0 billion, and imports of goods decreased $1.3 billion to $120.3 billion. Exports of services decreased $0.5 billion to $41.7 billion, and imports of services decreased $0.3 billion to $30.9 billion.



In March, the goods and services deficit decreased $29.8 billion from March 2008. Exports were down $26.0 billion, or 17.4 percent, and imports were down $55.9 billion, or 27.0 percent.



Goods



The February to March change in exports of goods reflected decreases in capital goods ($1.7 billion); consumer goods ($0.5 billion); automotive vehicles, parts, and engines ($0.2 billion); and other goods ($0.2 billion). Increases occurred in foods, feeds, and beverages ($0.2 billion) and industrial supplies and materials ($0.1 billion).



Financial Business Solutions Worldwide has identified the goods export very comprehensively and has been key to analyze these trends.



The February to March change in imports of goods reflected decreases in industrial supplies and materials ($0.7 billion); capital goods ($0.5 billion); and other goods ($0.4 billion). An increase occurred in consumer goods ($0.3 billion). Foods, feeds, and beverages and automotive vehicles, parts, and engines were virtually unchanged.



The March 2008 to March 2009 change in exports of goods reflected decreases in industrial supplies and materials ($9.4 billion); capital goods ($6.4 billion); automotive vehicles, parts, and engines ($3.6 billion); foods, feeds, and beverages ($2.0 billion); other goods ($0.9 billion); and consumer goods ($0.4 billion).



The March 2008 to March 2009 change in imports of goods reflected decreases in industrial supplies and materials ($27.8 billion); automotive vehicles, parts, and engines ($9.7 billion); capital goods ($8.7 billion); consumer goods ($4.9 billion); other goods ($0.8 billion); and foods, feeds, and beverages ($0.4 billion).



Services



Services exports decreased $0.5 billion from February to March. The decrease was more than accounted for by decreases in travel, passenger fares, and other transportation (which includes freight and port services). An increase in transfers under U.S. military sales contracts was partly offsetting. Changes in other categories of services exports were small.



"We can make a change in this sector too, but it's going to take a lot of educating for today's principal's to understand what is necessary to obtain funding. Yesterday's market is gone, and everyone needs to understand that today's market is here. Different funding submissions for a different funding economy." said FBSW Officials at a press conference this mourning.



Services imports decreased $0.3 billion from February to March. The decrease was more than accounted for by decreases in travel and passenger fares. Changes in other categories of services imports were small.



The March 2008 to March 2009 decrease in exports of services was $3.1 billion. The largest decreases were in travel ($1.4 billion), other transportation ($1.1 billion), and passenger fares ($0.5 billion).



The March 2008 to March 2009 decrease in imports of services was $2.3 billion. The largest decreases were in other transportation ($1.3 billion), travel ($0.7 billion), and passenger fares ($0.4 billion). An increase in other private services ($0.2 billion), which includes items such as business, professional, and technical services, insurance services, and financial services, was partly offsetting. The largest increase was in business, professional, and technical services, and the largest decrease was in financial services.



Financial Business Solutions Worldwide LLC specializes in educating business owners on the new needs for financing in today’s environment and brings the realm of project financing & structured financing as an option in today’s corporate finance depression.

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