Posts Tagged 'exports'

June 2015 Trade Gap is $43.8 Billion

The U.S. monthly international trade deficit increased in June 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $40.9 billion in May (revised) to $43.8 billion in June, as exports decreased and imports increased. The previously published May deficit was $41.9 billion. The goods deficit increased $2.9 billion from May to $63.5 billion in June. The services surplus decreased less than $0.1 billion from May to $19.7 billion in June.

Balance on Goods and services trade aug 5

Exports
Exports of goods and services decreased $0.1 billion, or 0.1 percent, in June to $188.6 billion. Exports of goods decreased $0.2 billion and exports of services increased $0.1 billion.

  • The decrease in exports of goods mainly reflected decreases in capital goods ($0.8 billion) and in industrial supplies and materials ($0.6 billion). An increase in consumer goods ($0.8 billion) was partly offsetting.
  • The increase in exports of services mainly reflected an increase in other business services ($0.1 billion), which includes research and development services; professional and management services; and technical, trade-related and other services and increases in several categories of services of less than $0.1 billion. A decrease in transport ($0.2 billion), which includes freight and port services and passenger fares, was mostly offsetting.

Imports
Imports of goods and services increased $2.8 billion, or 1.2 percent, in June to $232.4 billion. Imports of goods increased $2.7 billion and imports of services increased $0.1 billion.

  • The increase in imports of goods mainly reflected increases in consumer goods ($1.7 billion) and in industrial supplies and materials ($1.2 billion). A decrease in capital goods ($1.3 billion) was partly offsetting.
  • The increase in imports of services mainly reflected an increase in travel (for all purposes including education) ($0.2 billion) and increases in several categories of services of less than $0.1 billion. A decrease in transport ($0.2 billion) was mostly offsetting.

Goods by geographic area (seasonally adjusted, Census basis)

  • The balance with Canada shifted from a surplus of $0.2 billion in May to a deficit of $3.1 billion in June. Exports decreased $1.1 billion to $23.0 billion and imports increased $2.2 billion to $26.2 billion.
  • The deficit with Mexico increased from $4.1 billion in May to $5.4 billion in June. Exports increased $0.1 billion to $20.0 billion and imports increased $1.4 billion to $25.5 billion.
  • The deficit with China decreased from $30.6 billion in May to $29.0 billion in June. Exports increased $0.9 billion to $10.5 billion and imports decreased $0.7 billion to $39.5 billion.

For more information, read the full report.

April 2015 Trade Gap is $40.9 Billion

The U.S monthly international trade deficit decreased in April 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $50.6 billion in March (revised) to $40.9 billion in April, as exports increased and imports decreased. The previously published March deficit was $51.4 billion. The goods deficit decreased $9.3 billion from March to $60.7 billion in April. The services surplus increased $0.4 billion from March to $19.8 billion in April.

Trade Gap Jun 3

Exports
Exports of goods and services increased $1.9 billion, or 1.0 percent, in April to $189.9 billion. Exports of goods increased $1.9 billion and exports of services increased less than $0.1 billion.

  • The increase in exports of goods mainly reflected increases in capital goods ($2.1 billion) and in industrial supplies and materials ($0.6 billion). A decrease in other goods ($0.5 billion) was partly offsetting.
  • The increase in exports of services mainly reflected an increase in other business services ($0.1 billion) and increases in several categories of services of less than $0.1 billion. A decrease in transport ($0.2 billion), which includes freight and port services and passenger fares, was partly offsetting.

Imports
Imports of goods and services decreased $7.8 billion, or 3.3 percent, in April to $230.8 billion. Imports of goods decreased $7.4 billion and imports of services decreased $0.4 billion.

  • The decrease in imports of goods mainly reflected decreases in consumer goods ($4.9 billion) and in other goods ($1.0 billion).
  • The decrease in imports of services was more than accounted for by a decrease in transport ($0.5 billion). Am increase in travel (for all purposes including education) ($0.1 billion) was partly offsetting.

Goods by geographic area (seasonally adjusted, Census basis)

  • The goods deficit with China decreased from $38.9 billion in March to $27.5 billion in April. Exports increased $0.9 billion to $10.3 billion and imports decreased $10.5 billion to $37.7 billion.
  • The goods deficit with Mexico decreased from $5.0 billion in March to $4.2 billion in April. Exports increased $1.0 billion to $20.0 billion and imports increased $0.2 billion to $24.2 billion.
  • The goods deficit with the European Union increased from $10.9 billion in March to $11.9 billion in April. Exports increased $0.9 billion to $23.6 billion and imports increased $1.9 billion to $35.6 billion.

For more information, read the full report.

New Data Tool Provides Fast Access to Trade and Investment Stats for Countries

The Bureau of Economic Analysis launched today a new data tool on its website that gives users a snapshot of statistics on trade and investment between the United States and another country by simply clicking on a world map.

These fast facts at your fingertips can include:

  • Total exports, imports and trade balance between the United States and the country you select.
  • The top five categories of goods and services the United States buys from and sells to that country.
  • Country level data on U.S. direct investment abroad and foreign direct investment in the United States and on the activities of multinational enterprises such as employment and sales.

The country snapshots, or factsheets, also contain charts and can be printed or downloaded to a spreadsheet. The new data tool pulls statistics from BEA’s international data sets on exports, imports, direct investment, and the activities of multinational enterprises into a single easy-to-digest resource. Similar to the BEA’s BEARFACTS regional factsheets for state and regional economic data, the new international factsheets can be used to quickly get up to speed for a business presentation, a news story, or a school research project.

Users select a country from an interactive world map or a searchable menu of countries. The tool generates a country factsheet with graphs and tables showing the latest data on U.S. trade and investment with that country. A PDF of the factsheet is available for easy printing. The tool also provides data tables containing more detailed statistics that can be downloaded in Excel format.

To access the new international data tool, visit http://bea.gov/international/factsheet/.