Archive for the 'Trade in Goods and Services' Category



October 2013 Trade Gap is $40.6 Billion

The U.S. monthly international trade deficit decreased in October 2013 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $43.0 billion in September (revised) to $40.6 billion in October as exports increased more than imports. The previously published September deficit was $41.8 billion. The goods deficit decreased $2.2 billion from September to $60.2 billion in October; the services surplus increased $0.1 billion from September to $19.6 billion in October.trade_124

Exports
Exports of goods and services increased $3.4 billion in October to $192.7 billion, mostly reflecting an increase in exports of goods. Exports of services also increased.
• The increase in exports of goods mostly reflected increases in industrial supplies and materials, in consumer goods, and in foods, feeds, and beverages.
• The increase in exports of services mostly reflected increases in other private services, which includes items such as business, professional, and technical services, insurance services, and financial services, in travel, and in passenger fares.

Imports
Imports of goods and services increased $1.0 billion in October to $233.3 billion, mostly reflecting an increase in imports of goods. Imports of services also increased.
• The increase in imports of goods mostly reflected increases in industrial supplies and materials, in consumer goods, and in other goods that were partly offset by a decrease in automotive vehicles, parts, and engines.
• The increase in imports of services mostly reflected increases in passenger fares and in travel.

Goods by geographic area (not seasonally adjusted)
• The goods deficit with the European Union increased from $8.0 billion in September to $14.3 billion in October. Exports increased $0.3 billion to $23.1 billion and imports increased $6.6 billion to $37.4 billion.
• The goods deficit with China decreased from $30.5 billion in September to $28.9 billion in October. Exports increased $3.5 billion to $13.1 billion and imports increased $1.9 billion to $41.9 billion.
• The goods deficit with Mexico decreased from $5.3 billion in September to $4.1 billion in October. Exports increased $3.2 billion to $21.2 billion and imports increased $2.0 billion to $25.3 billion.

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

September 2013 Trade Gap is $41.8 Billion

The U.S. monthly international trade deficit increased in September 2013 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $38.7 billion in August (revised) to $41.8 billion in September as exports decreased and imports increased. The previously published August deficit was $38.8 billion. The goods deficit increased $3.0 billion from August to $61.3 billion in September; the services surplus decreased $0.1 from August to $19.5 billion in September.11_14_trade

Exports
Exports of goods and services decreased $0.4 billion in September to $188.9 billion, reflecting decreases in exports of goods and exports of services.
• The decrease in exports of goods reflected decreases in industrial supplies and materials, in other goods, and in consumer goods that were mostly offset by an increase in foods, feeds, and beverages.
• The decrease in exports of services reflected a decrease in travel. An increase in other transportation, which includes freight and port services, was partly offsetting.

Imports
Imports of goods and services increased $2.7 billion in September to $230.7 billion, reflecting an increase in imports of goods. Imports of services decreased.
• The largest increases in imports of goods were in industrial supplies and materials, in automotive vehicles, parts, and engines, and in capital goods.
• The decrease in imports of services reflected a decrease in travel.

Goods by geographic area (not seasonally adjusted)
• The goods deficit with the European Union decreased from $9.8 billion in August to $8.0 billion in September. Exports increased $1.2 billion to $22.8 billion and imports decreased $0.6 billion to $30.8 billion.
• The goods deficit with China increased from $29.9 billion in August to $30.5 billion in September. Exports increased $0.3 billion to $9.6 billion and imports increased $0.9 billion to $40.1 billion.
• The goods deficit with Canada increased from $2.4 billion in August to $3.2 billion in September. Exports decreased $0.5 billion to $24.9 billion and imports increased $0.3 billion to $28.2 billion.

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

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.