Posts Tagged 'trade deficit'

February 2015 Trade Gap is $35.4 Billion

The U.S. monthly international trade deficit decreased in February 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $42.7 billion in January (revised) to $35.4 billion in February, as imports decreased more than exports. The previously published January deficit was $41.8 billion. The goods deficit decreased $7.4 billion from January to $55.2 billion in February. The services surplus decreased $0.1 billion from January to $19.7 billion in February.

April 2nd chart

Exports
Exports of goods and services decreased $3.0 billion, or 1.6 percent, in February to $186.2 billion. Exports of goods decreased $2.9 billion and exports of services decreased $0.1 billion.

  • The decrease in exports of goods reflected decreases in capital goods ($1.7 billion), in industrial supplies and materials ($1.4 billion), and in automotive vehicles, parts, and engines ($1.1 billion) that were partly offset by an increase in consumer goods ($1.3 billion) was partly offsetting.
  • The decrease in exports of services reflected decreases in transport ($0.2 billion), which includes freight and port services and passenger fares, and in financial services ($0.1 billion) that were partly offset by increases in other business services ($0.1 billion) and in travel (for all purposes including education) ($0.1 billion).

Imports
Imports of goods and services decreased $10.2 billion, or 4.4 percent, in February to $221.7 billion. Imports of goods decreased $10.3 billion while imports of services increased less than $0.1 billion.

  • The decrease in imports of goods mostly reflected decreases in industrial supplies and materials ($4.4 billion), in capital goods ($2.6 billion), and in automotive vehicles, parts and engines ($1.7 billion).
  • The increase in imports of services reflected an increase in travel (for all purposes including education) ($0.1 billion) that was mostly offset by a decrease in transport ($0.1 billion).

Goods by geographic area (seasonally adjusted, Census basis)

  • The goods deficit with Japan decreased from $6.5 billion in January to $4.3 billion in February. Exports increased $0.1 billion to $5.4 billion and imports decreased $2.1 billion to $9.7 billion.
  • The goods deficit with China decreased from $29.3 billion in January to $27.3 billion in February. Exports decreased $1.5 billion to $9.0 billion and imports decreased $3.5 billion to $36.3 billion.
  • The balance with OPEC countries shifted from a deficit of $1.2 billion in January to a surplus of $0.3 billion in February. Exports increased $0.3 billion to $6.4 billion and imports decreased $1.3 billion to $6.0 billion.

For more information, read the full report.

October 2014 Trade Gap is $43.4 Billion

The U.S. monthly international trade deficit decreased in October 2014 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $43.6 billion in September (revised) to $43.4 billion in October, as exports increased more than imports. The previously published September deficit was $43.0 billion. The goods deficit increased less than $0.1 billion from September to $62.7 billion in October. The services surplus increased $0.1 billion from September to $19.2 billion in October.

 

trad1014_fax

Exports
Exports of goods and services increased $2.3 billion in October to $197.5 billion, mostly reflecting an increase in exports of goods. Exports of services also increased.

  • The increase in exports of goods mostly reflected an increase in capital goods.
  • The increase in exports of services reflected increases in financial services, in maintenance and repair services, and in charges for the use of intellectual property.

Imports
Imports of goods and services increased $2.1 billion in October to $241.0 billion, mostly reflecting an increase in imports of goods. Imports of services also increased.

  • The increase in imports of goods was more than accounted for by increases in automotive vehicles, parts, and engines and in capital goods. A decrease in consumer goods was partly offsetting.
  • The increase in imports of services mostly reflected an increase in transport, which includes freight and port services and passenger fares.

 Goods by geographic area (seasonally adjusted, Census basis)

  • The goods deficit with China decreased from $31.2 billion in September to $29.6 billion in October. Exports increased $1.6 billion to $11.4 billion and imports decreased $0.1 billion to $40.9 billion.
  • The goods deficit with the European Union decreased from $12.5 billion in September to $11.2 billion in October. Exports increased $0.8 billion to $22.9 billion and imports decreased $0.4 billion to $34.2 billion.
  • The goods deficit with Mexico increased from $4.8 billion in September to $5.4 billion in October. Exports increased $0.2 billion to $20.0 billion and imports increased $0.8 billion to $25.4 billion.

Read the full report.

September 2014 Trade Gap is $43.0 Billion

The U.S. monthly international trade deficit increased in September 2014 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $40.0 billion in August (revised) to $43.0 billion in September, mainly reflecting a decrease in exports. The previously published August deficit was $40.1 billion. The goods deficit increased $2.4 billion from August to $62.7 billion in September; the services surplus decreased $0.6 billion from August to $19.6 billion in September.

balance on Goods and Services
Exports

Exports of goods and services decreased $3.0 billion in September to $195.6 billion, mostly reflecting a decrease in exports of goods. Exports of services also decreased.

  • The decrease in exports of goods was more than accounted for by decreases in industrial supplies and materials, in capital goods, and in consumer goods. An increase in foods, feeds, and beverages was partly offsetting.
  • The decrease in exports of services mostly reflected decreases in travel (for all purposes including education) and in transport, which includes freight and port services and passenger fares. Changes in the other categories of services exports were relatively small and nearly offsetting.

Imports
Imports of goods and services increased $0.1 billion in September to $238.6 billion, reflecting an increase in imports of services. Imports of goods decreased.

  • The increase in imports of services mostly reflected an increase in transport. Changes in the other categories of services imports were relatively small.
  • The decrease in imports of goods was more than accounted for by decreases in industrial supplies and materials, in capital goods, and in automotive vehicles, parts, and engines. An increase in consumer goods was partly offsetting.

Goods by geographic area (seasonally adjusted, Census basis)

  • The goods deficit with China increased from $28.5 billion in August to $31.2 billion in September. Exports decreased $0.1 billion to $9.8, and imports increased $2.6 billion to $41.0 billion.
  • The goods deficit with Canada increased from $2.7 billion in August to $4.0 billion in September. Exports decreased $0.6 billion to $26.3 billion, and imports increased $0.7 billion to $30.3 billion.
  • The goods deficit with Germany decreased from &7.2 billion in August to $6.2 billion in September. Exports increased $0.1 billion to $4.2 billion, and imports decreased $0.8 billion to $10.4 billion.

Read the full report.