Archive for the 'Trade Deficit' Category



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.

April 2013 Trade Gap is $40.3 Billion

The U.S. monthly international trade deficit increased in April 2013 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $37.1 billion (revised) in March to $40.3 billion in April as imports increased more than exports. The previously published March deficit was $38.8 billion. The goods deficit increased $3.2 billion from March to $58.6 billion in April; the services surplus increased $0.1 billion from March to $18.3 billion.

Exportstrade_april2013
Exports of goods and services increased $2.2 billion in April to $187.4 billion mostly reflecting an increase in exports of goods. Exports of services also increased.
• The largest increases in exports of goods were in consumer goods and in capital goods.
• 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 travel.

Imports
Imports of goods and services increased $5.4 billion in April to $227.7 billion mostly reflecting an increase in imports of goods. Imports of services also increased.
• The largest increases in imports of goods were in consumer goods, in automotive vehicles, parts, and engines, and in capital goods.
• The largest increases in imports of services were in other transportation, which includes freight and port services, and in travel.

Goods by geographic area (not seasonally adjusted)
• The goods deficit with the European Union increased from $9.9 billion in March to $12.4 billion in April. Exports decreased $1.8 billion to $21.1 billion, while imports increased $0.7 billion to $33.6 billion.
• The goods deficit with China increased from $17.9 billion in March to $24.1 billion in April. Exports decreased $0.4 billion to $9.0 billion, while imports increased $5.8 billion to $33.1 billion.
• The goods deficit with Mexico decreased from $5.3 billion in March to $4.4 billion in April. Exports increased $1.9 billion to $19.9 billion, while imports increased $1.1 billion to $24.3 billion.

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

March 2013 Trade Gap is $38.8 Billion

The U.S. monthly international trade deficit decreased in March 2013 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $43.6 billion (revised) in February to $38.8 billion in March as imports decreased more than exports. The previously published February deficit was $43.0 billion. The goods deficit decreased $4.6 billion from February to $56.1 billion in March; the services surplus increased $0.2 billion from February to $17.3 billion.trade_march

Exports
Exports of goods and services decreased $1.7 billion in March to $184.3 billion reflecting a decrease in exports of goods. Exports of services increased.
• The decrease in exports of goods reflected decreases in nearly all major categories. The largest decrease was in foods, feeds, and beverages.
• The increase in exports of services reflected increases in several categories. The largest increase was in travel.

Imports
Imports of goods and services decreased $6.5 billion in March to $223.1 billion mostly reflecting a decrease in imports of goods. Imports of services also decreased.
• The decrease in imports of goods reflected decreases in most major categories. The largest decrease was in consumer goods.
• The decrease in imports of services was more than accounted for by a decrease in other transportation, which includes freight and port services; increases in travel and passenger fares largely offset this decrease.

Goods by geographic area (not seasonally adjusted)
• The goods deficit with Canada decreased from $2.5 billion in February to $2.3 billion in March. Exports increased $2.8 billion to $26.0 billion, while imports increased $2.6 billion to $28.3 billion.
• The goods deficit with China decreased from $23.4 billion in February to $17.9 billion in March. Exports increased $0.1 billion to $9.4 billion, while imports decreased $5.4 billion to $27.3 billion.
• The goods deficit with Mexico increased from $4.3 billion in February to $5.3 billion in March. Exports increased $0.3 billion to $18.0 billion, while imports increased $1.3 billion to $23.2 billion.

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