Posts Tagged 'trade in goods and services'



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.

February 2013 Trade Gap is $43.0 Billion

The U.S. monthly international trade deficit decreased in February 2013 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $44.5 billion (revised) in January to $43.0 billion in February as exports increased more than imports. The previously published January deficit was $44.4 billion. The goods deficit decreased $1.5 billion from January to $60.2 billion in February; the services surplus was virtually unchanged from January at $17.3 billion.trade_040513

Exports
Exports of goods and services increased $1.6 billion in February to $186.0 billion mostly reflecting an increase in exports of goods. Exports of services also increased.
• The increase in exports of goods was more than accounted for by increases in industrial supplies and materials and other goods. Decreases in capital goods and consumer goods were partly offsetting.
• The increase in exports of services was mostly accounted for by increases in other transportation, which includes freight and port services, and travel.

Imports
Imports of goods and services increased $0.1 billion in February to $228.9 billion reflecting an increase in imports of services. Imports of goods decreased.
• The decrease in imports of goods was more than accounted for by a decrease in industrial supplies and materials. Increases in automotive vehicles, parts, and engines and consumer goods were partly offsetting.
• The increase in imports of services was more than accounted for by increases in other transportation, travel, and passenger fares.

Goods by geographic area (not seasonally adjusted)
• The goods deficit with Canada decreased from $4.8 billion in January to $2.6 billion in February. Exports were virtually unchanged at $23.1 billion, while imports decreased $2.2 billion to $25.7 billion.
• The goods deficit with China decreased from $27.8 billion in January to $23.4 billion in February. Exports decreased $0.1 billion to $9.3 billion, while imports decreased $4.5 billion to $32.7 billion.
• The goods deficit with Mexico increased from $3.6 billion in January to $4.3 billion in February. Exports decreased $0.3 billion to $17.7 billion, while imports increased $0.4 billion to $21.9 billion.

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