Archive for the 'balance on goods and services trade' Category

July 2017 Trade Gap is $43.7 Billion

The U.S. monthly international trade deficit increased in July 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $43.5 billion in June (revised) to $43.7 billion in July, as exports decreased more than imports. The previously published June deficit was $43.6 billion. The goods deficit decreased less than $0.1 billion in July to $65.3 billion. The services surplus decreased $0.2 billion in July to $21.6 billion.

trade-july-2017

Exports
Exports of goods and services decreased $0.6 billion, or 0.3 percent, in July to $194.4 billion. Exports of goods decreased $0.4 billion and exports of services decreased $0.1 billion.

  • The decrease in exports of goods mostly reflected decreases in consumer goods ($0.7 billion) and in automotive vehicles, parts, and engines ($0.6 billion). An increase in capital goods ($0.9 billion) partly offset the decreases.
  • The decrease in exports of services mostly reflected a decrease in travel (for all purposes including education) ($0.3 billion).

Imports
Imports of goods and services decreased $0.4 billion, or 0.2 percent, in July to $238.1 billion. Imports of goods decreased $0.5 billion and imports of services increased less than $0.1 billion.

  • The decrease in imports of goods mostly reflected decreases in automotive vehicles, parts, and engines ($0.8 billion) and in industrial supplies and materials ($0.7 billion). An increase in capital goods ($1.3 billion) partly offset the decreases.
  • Imports of services were nearly unchanged, reflecting small and offsetting changes across all categories.

For more information, read the full report.

January 2017 Trade Gap is $48.5 Billion

U.S. international trade in goods and services

The U.S. monthly international trade deficit increased in January 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $44.3 billion in December (revised) to $48.5 billion in January, as imports increased more than exports. The previously published December deficit was $44.3 billion. The goods deficit increased $4.0 billion in January to $69.7 billion. The services surplus decreased $0.3 billion in January to $21.2 billion.

balance-on-goods-and-services-trade-jan-2007-jan-2017

Exports

Exports of goods and services increased $1.1 billion, or 0.6 percent, in January to $192.1 billion. Exports of goods increased $1.1 billion and exports of services decreased less than $0.1 billion.

  • The increase in exports of goods mostly reflected increases in industrial supplies and materials ($2.1 billion) and in automotive vehicles, parts, and engines ($1.3 billion). A decrease in capital goods ($1.9 billion) was partly offsetting.
  • The decrease in exports of services reflected nearly offsetting changes of $0.1 billion or less in all categories.

Imports

Imports of goods and services increased $5.3 billion, or 2.3 percent, in January to $240.6 billion. Imports of goods increased $5.1 billion and imports of services increased $0.2 billion.

  • The increase in imports of goods mostly reflected increases in consumer goods ($2.4 billion), in industrial supplies and materials ($1.0 billion), and in automotive vehicles, parts, and engines ($0.9 billion).
  • The increase in imports of services mostly reflected an increase in transport ($0.2 billion), which includes freight and port services and passenger fares.

For more detailed information on trade by type of good or service and with major trading partners, see U.S. International Trade in Goods and Services: January 2017.

September 2016 Trade Gap is $36.4 Billion

The U.S. monthly international trade deficit decreased in September 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $40.5 billion in August (revised) to $36.4 billion in September, as exports increased and imports decreased. The previously published August deficit was $40.7 billion. The goods deficit decreased $2.6 billion in September to $57.5 billion. The services surplus increased $1.4 billion in September to $21.1 billion.

good-and-services-trade-nov-4

Exports
Exports of goods and services increased $1.0 billion, or 0.6 percent, in September to $189.2 billion. Exports of goods increased $0.6 billion and exports of services increased $0.4 billion.

  • The increase in exports of goods mostly reflected increases in capital goods ($1.6 billion) and in consumer goods ($0.7 billion). A decrease in foods, feeds, and beverages ($1.7 billion) was partly offsetting.
  • The increase in exports of services reflected an increase in travel (for all purposes including education) ($0.4 billion).

Imports
Imports of goods and services decreased $3.0 billion, or 1.3 percent, in September to $225.6 billion. Imports of goods decreased $2.0 billion and imports of services decreased $1.0 billion.

  • The decrease in imports of goods mostly reflected decreases in capital goods ($1.7 billion) and in consumer goods ($0.8 billion). An increase in automotive vehicles, parts, and engines ($1.2 billion) was partly offsetting.
  • The decrease in imports of services reflected a decrease in charges for the use of intellectual property ($1.2 billion), which in August included payments for the rights to broadcast the 2016 Summer Olympic Games.

For more detailed information on trade by type of good or service and with major trading partners, see U.S. International Trade in Goods and Services: September 2016.

For more information, read the full report.


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