America imported $223.6 million in fireworks from China in 2011 — the vast majority of the country’s $232.5 million in total fireworks imports — while only exporting $15.8 million in fireworks to all international markets, according to U.S. Census Bureau data flagged by Industry Market Trends. This means that the U.S. has a substaintial trade deficit when it comes to the popular July 4th explosives:
– $649 Million: Total revenue from the consumer fireworks industry in 2011, with an additional $318 million generated by the display fireworks industry (Source: American Pyrotechnics Association)
– $231.8 Million: Total value of manufacturers’ shipments of fireworks and pyrotechnics (including flares, igniters, etc.), based on the latest available data (Source: U.S. Census Bureau’s 2007 Economic Census)
– $232.3 Million: Value of fireworks imported from China in 2011, compared to $15.8 million in U.S. exports of fireworks (Source: U.S. Census Bureau’s Foreign Trade Statistics)
Legislation pending in Congress could lower America’s economic standing in the fireworks world even further: Rep. Dan Benishek (R-MI) and Sen. Carl Levin (D-MI) have introduced a bill that would temporarily suspend duties on fireworks imported from overseas, making them even cheaper to buy than they already are. In the campaign finance realm, meanwhile, firework makers have dumped $1,149,280 into the coffers of Republican candidates, and $1,082,834 into those of Democratic candidates.