Archive for the 'Trade Deficit' Category



July 2013 Trade Gap is $39.1 Billion

The U.S. monthly international trade deficit increased in July 2013 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $34.5 billion in June (revised) to $39.1 billion in July as exports decreased and imports increased. The previously published June deficit was $34.2 billion. The goods deficit increased $4.5 billion from June to $58.6 billion in July; the services surplus decreased $0.1 billion from June to $19.4 billion in July.sept4

Exports
Exports of goods and services decreased $1.1 billion in July to $189.4 billion, reflecting a decrease in exports of goods. Exports of services were virtually unchanged.
• The largest decreases in exports of goods were in capital goods and in consumer goods.
• The small change in exports of services reflected an increase in other private services, which includes items such as business, professional, and technical services, insurance services, and financial services, that was offset by decreases in passenger fares and in other transportation, which includes freight and port services.

Imports
Imports of goods and services increased $3.5 billion in July to $228.6 billion mostly reflecting an increase in imports of goods. Imports of services also increased.
• The largest increases in imports of goods were in industrial supplies and materials, in automotive vehicles, parts, and engines, and in consumer goods.
• The increase in imports of services mostly reflected an increase in other transportation.

Goods by geographic area (not seasonally adjusted)
• The goods deficit with the European Union increased from $7.1 billion in June to $13.9 billion in July. Exports decreased $1.7 billion to $21.1 billion and imports increased $5.1 billion to $35.1 billion.
• The goods deficit with China increased from $26.6 billion in June to $30.1 billion in July. Exports decreased $0.4 billion to $8.7 billion and imports increased $3.0 billion to $38.8 billion.
• The goods deficit with Canada increased from $1.8 billion in June to $2.8 billion in July. Exports decreased $1.8 billion to $23.6 billion and imports decreased $0.8 billion to $26.4 billion.

To learn more about U.S. international trade in goods and services, read the full report.

June 2013 Trade Gap is $34.2 Billion

The U.S. monthly international trade deficit decreased in June 2013, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $44.1 billion in May (revised) to $34.2 billion in June as exports increased and imports decreased. The previously published May deficit was $45.0 billion. The goods deficit decreased $9.7 billion from May to $53.2 billion in June; the services surplus increased $0.2 billion from May to $18.9 billion in June.trade_june13

Exports
Exports of goods and services increased $4.1 billion in June to $191.2 billion mostly reflecting an increase in exports of goods. Exports of services also increased.
• The largest increases in exports of goods were in industrial supplies and materials, in capital goods, and in consumer goods.
• The increase in exports of services mostly reflected an increase in travel.

Imports
Imports of goods and services decreased $5.8 billion in June to $225.4 billion reflecting a decrease in imports of goods. Imports of services were virtually unchanged.
• The largest decreases in imports of goods were in industrial supplies and materials, in consumer goods, and in other goods.
• The small change in imports of services reflected a decrease in other transportation, which includes freight and port services, that was mostly offset by increases in several categories.

Goods by geographic area (not seasonally adjusted)
• The goods deficit with the European Union decreased from $10.8 billion in May to $7.1 billion in June. Exports increased $0.3 billion to $22.8 billion and imports decreased $3.4 billion to $29.9 billion.
• The goods deficit with China decreased from $27.9 billion in May to $26.6 billion in June. Exports increased $0.4 billion to $9.2 billion and imports decreased $0.8 billion to $35.8 billion.
• The goods deficit with Canada decreased from $1.9 billion in May to $1.6 billion in June. Exports decreased $0.9 billion to $25.5 billion and imports decreased $1.2 billion to $27.1 billion.

To learn more about U.S. international trade in goods and services, read the full report.

 

May 2013 Trade Gap is $45.0 Billion

The U.S. monthly international trade deficit increased in May 2013, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $40.1 billion in April (revised) to $45.0 billion in May as exports decreased and imports increased. The previously published April deficit was $40.3 billion. The goods deficit increased $5.0 billion from April to $63.4 billion in May; the services surplus increased $0.2 billion from April to $18.4 billion in May.trade_may

Exports
Exports of goods and services decreased $0.5 billion in May to $187.1 billion reflecting a decrease in exports of goods. Exports of services increased.
• The largest decreases in exports of goods were in consumer goods and in industrial supplies and materials.
• The largest increases in exports of services were in other private services, which includes items such as business, professional, and technical services, insurance services, and financial services, and in passenger fares.

Imports
Imports of goods and services increased $4.4 billion in May to $232.1 billion mostly reflecting an increase in imports of goods. Imports of services also increased.
• The largest increases in imports of goods were in industrial supplies and materials, in consumer goods, and in automotive vehicles, parts, and engines.
• The largest increases in imports of services were in passenger fares and in travel.

Goods by geographic area (not seasonally adjusted)
• The goods deficit with the European Union decreased from $12.4 billion in April to $10.8 billion in May. Exports increased $1.3 billion to $22.5 billion, while imports decreased $0.3 billion to $33.3 billion.
• The goods deficit with China increased from $24.1 billion in April to $27.9 billion in May. Exports decreased $0.2 billion to $8.8 billion, while imports increased $3.5 billion to $36.6 billion.
• The goods deficit with Japan decreased from $6.9 billion in April to $5.4 billion in May. Exports increased $0.7 billion to $5.8 billion, while imports decreased $0.8 billion to $11.2 billion.

To learn more about U.S. international trade in goods and services, read the full report.