Archive for the 'exports' Category

June 2016 Trade Gap is $44.5 Billion

The U.S. monthly international trade deficit increased in June 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $41.0 billion in May (revised) to $44.5 billion in June, as imports increased more than exports. The previously published May deficit was $41.1 billion. The goods deficit increased $3.8 billion in June to $66.0 billion. The services surplus increased $0.3 billion to $21.5 billion.

Release Aug 5.png

Exports
Exports of goods and services increased $0.6 billion, or 0.3 percent, in June to $183.2 billion. Exports of goods increased $0.5 billion and exports of services increased $0.1 billion.
• The increase in exports of goods mainly reflected increases in foods, feeds, and beverages ($0.6 billion) and in consumer goods ($0.4 billion). A decrease in automotive vehicles, parts, and engines ($0.4 billion) was partly offsetting. • The increase in exports of services mainly reflected increases in financial services ($0.1 billion) and in maintenance and repair services ($0.1 billion).

Imports
Imports of goods and services increased $4.2 billion, or 1.9 percent, in June to $227.7 billion. Imports of goods increased $4.4 billion and imports of services decreased $0.2 billion.
• The increase in imports of goods mainly reflected increases in industrial supplies and materials ($2.3 billion) and in consumer goods ($1.9 billion).
• The decrease in imports of services mainly reflected decreases in travel (for all purposes including education) ($0.1 billion) and in transport ($0.1 billion), which includes freight and port services and passenger fares.

Goods by geographic area (seasonally adjusted, Census basis)
• The deficit with Japan increased $1.0 billion to $6.0 billion in June. Exports decreased $0.4 billion and imports increased $0.6 billion.
• The deficit with the European Union increased $0.8 billion to $12.7 billion in June. Exports increased $0.9 billion and imports increased $1.7 billion.
• The deficit with Mexico decreased $0.8 billion to $4.7 billion in June. Exports increased $0.3 billion and imports decreased $0.5 billion.

For more information, read the full report.

May 2016 Trade Gap is $41.1 Billion

The U.S. monthly international trade deficit increased in May 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $37.4 billion in April (revised) to $41.1 billion in May, as exports decreased and imports increased. The previously published April deficit was $37.4 billion. The goods deficit increased $3.7 billion from April to $62.2 billion in May. The services surplus decreased $0.1 billion from April to $21.1 billion in May.

balance on goods and services trade july 6

Exports
Exports of goods and services decreased $0.3 billion, or 0.2 percent, in May to $182.4 billion. Exports of goods decreased $0.2 billion and exports of services decreased $0.1 billion.

  • The decrease in exports of goods was more than accounted for by a decrease in capital goods ($0.8 billion). An increase in foods, feeds, and beverages ($0.5 billion) was partly offsetting.
  • The decrease in exports of services was more than accounted for by a decrease in travel (for all purposes including education) ($0.2 billion). An increase in financial services ($0.1 billion) was partly offsetting.

Imports
Imports of goods and services increased $3.4 billion, or 1.6 percent, in May to $223.5 billion. Imports of goods increased $3.4 billion and imports of services were nearly unchanged.

  • The increase in imports of goods mainly reflected increases in industrial supplies and materials ($2.3 billion) and in consumer goods ($1.3 billion).
  • Imports of services were nearly unchanged. The changes in all categories were small and nearly offsetting.

Goods by geographic area (seasonally adjusted, Census basis)

  • The deficit with China increased $1.7 billion to $28.3 billion in May. Exports decreased $0.1 billion to $9.3 billion and imports increased $1.6 billion to $37.6 billion.
  • The balance with the United Kingdom shifted from a surplus of $0.7 billion to a deficit of $0.3 billion in May. Exports decreased $1.2 billion to $4.0 billion and imports decreased $0.2 billion to $4.3 billion.
  • The deficit with South Korea decreased $1.1 billion to $2.0 billion in May. Exports increased $0.7 billion to $3.7 billion and imports decreased $0.3 billion to $5.6 billion.

For more information, read the full report.


Enter your email address to follow this blog and receive notifications of new posts by email.

Archives