In another sign of the surging U.S. economy, an important leading indicator of U.S. exports registered its best month ever in October, as issuance of ATA Carnets hit an all-time high.
 
Often called “merchandise passports,” Carnets are internationally recognized customs documents for temporary duty-free import of commercial samples, professional equipment and goods displayed at trade shows.  Companies around the world use them to reduce costs and speed global operations.

USCIB said U.S. exporters took out 1,531 Carnets in October, the highest monthly figure ever recorded, and nearly 20 percent higher than the comparable figure in 2002.
 
“We are seeing an upsurge in international activity across the board as the economy improves,” said Cynthia Duncan, vice president for Carnet operations with USCIB, which issues ATA Carnets and oversees the system in the United States.  “Networking equipment, aviation, jewelry and testing equipment were among the leading categories.  Broadcast media and performing artists also registered strong growth.”

While always subject to normal seasonal fluctuations, Carnet usage has seesawed dramatically this year as the result of the war in Iraq and the SARS epidemic.  But Ms. Duncan said that, even before the record numbers, there were clear signs of an export resurgence.

"Carnets are an indicator of current as well as future export activity,” observed Ms. Duncan.  “For instance, they represent current export activity in the form of film shoots and orchestra and band tours, and future exports when goods are sent to overseas demonstrations, and as commercial samples.  So the indications for overall growth of trade are positive.”

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