Archive for the 'Trade Deficit' Category

April 2016 Trade Gap is $37.4 Billion

The U.S. monthly international trade deficit increased in April 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $35.5 billion in March (revised) to $37.4 billion in April, as imports increased more than exports. The previously published March deficit was $40.4 billion. The goods deficit increased $1.4 billion from March to $58.8 billion in April. The services surplus decreased $0.5 billion from March to $21.4 billion in April.

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Exports
Exports of goods and services increased $2.6 billion, or 1.5 percent, in April to $182.8 billion. Exports of goods increased $2.9 billion and exports of services decreased $0.3 billion.

  • The increase in exports of goods mainly reflected increases in industrial supplies and materials ($1.8 billion) and in automotive vehicles, parts, and engines ($0.8 billion).
  • The decrease in exports of services mainly reflected decreases in travel (for all purposes including education) ($0.2 billion) and in transport ($0.1 billion), which includes freight and port services and passenger fares.

Imports
Imports of goods and services increased $4.5 billion, or 2.1 percent, in April to $220.2 billion. Imports of goods increased $4.3 billion and imports of services increased $0.3 billion.

  • The increase in imports of goods mainly reflected increases in capital goods ($2.5 billion) and in industrial supplies and materials ($1.1 billion)
  • The increase in imports of services mainly reflected an increase in transport ($0.2 billion).

Goods by geographic area (seasonally adjusted, Census basis)

  • The deficit with France increased $0.7 billion to $1.7 billion in April. Exports decreased $0.3 billion to $2.5 billion and imports increased $0.4 billion to $4.2 billion.
  • The surplus with Hong Kong decreased $0.6 billion to $1.6 billion in April. Exports decreased $0.4 billion to $2.2 billion and imports increased $0.2 billion to $0.7 billion.
  • The surplus with Singapore increased $0.7 billion to $0.9 billion in April. Exports increased $0.5 billion to $2.4 billion and imports decreased $0.3 billion to $1.5 billion.

For more information, read the full report.

January 2016 Trade Gap is $45.7 Billion

The U.S. monthly international trade deficit increased in January 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $44.7 billion in December (revised) to $45.7 billion in January, as exports decreased more than imports. The previously published  December deficit was $43.4 billion. The goods deficit increased $1.1 billion from December to $63.7 billion in January. The services surplus increased $0.1 billion from December to $18.0 billion in January.

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Exports
Exports of goods and services decreased $3.8 billion, or 2.1 percent, in January to $176.5 billion. Exports of goods decreased $4.0 billion and exports of services increased $0.2 billion.

  • The decrease in exports of goods mainly reflected decreases in capital goods ($1.2 billion), in industrial supplies and materials ($0.9 billion), and in consumer goods ($0.8 billion).
  • The increase in exports of services mainly reflected increases in travel (for all purposes including education) ($0.2 billion) and in transport ($0.1 billion), which includes freight and port services and passenger fares.

Imports
Imports of goods and services decreased $2.8 billion, or 1.3 percent, in January to $222.1 billion. Imports of goods decreased $2.9 billion and imports of services increased less than $0.1 billion.

  • The decrease in imports of goods mainly reflected decreases in industrial supplies and materials ($2.1 billion) and in capital goods ($1.2 billion).
  • The increase in imports of services mainly reflected increases 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 in travel (for all purposes including education)($0.1 billion).

Goods by geographic area (seasonally adjusted, Census basis)

  • The deficit with China increased $1.4 billion to $31.1 billion in January. Exports increased less than $0.1 billion to $8.6 billion and imports increased $1.5 billion to $39.8 billion.
  • The deficit with Mexico increased $0.8 billion to $5.6 billion in January. Exports decreased less than $0.1 billion to $19.5 billion and imports increased $0.8 billion to $25.1 billion.
  • The balance with the United Kingdom shifted from a surplus of $0.6 billion in December to a deficit of $0.1 billion in January. Exports decreased $0.4 billion to $4.1 billion and imports increased $0.3 billion to $4.3 billion.

For more information, read the full report.

October 2015 Trade Gap is $43.9 Billion

The U.S. monthly international trade deficit increased in October 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $42.5 billion in September (revised) to $43.9 billion in October, as exports decreased more than imports. The previously published September deficit was $40.8 billion.  The goods deficit increased %2.1 billion from September to $63.1 billion in October. The services surplus increased $0.6 billion from September to $19.2 billion in October.

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Exports
Exports of goods and services decreased $2.7 billion, or 1.4 percent, in October to $184.1 billion. Exports of goods decreased $3.1 billion and exports of services increased $0.4 billion.

  • The decrease in exports of goods mainly reflected decreases in industrial supplies and materials ($1.6 billion) and in capital goods ($0.9 billion).
  • The increase in exports of services mainly reflected increases in transport ($0.2 billion), which includes freight and port services and passenger fares, and in financial services ($0.2 billion).

Imports
Imports of goods and services decreased $1.3 billion, or 0.6 percent, in October to $228.0 billion. Imports of goods decreased $1.0 billion and imports of services decreased $0.2 billion.

  • The decrease in imports of goods mainly reflected a decrease in industrial supplies and materials ($2.0 billion) that was partly offset by an increase in capital goods ($0.5 billion).
  • The decrease in imports of services was more than accounted for by decreases in travel (for all purposes including education) ($0.2 billion) and in transport ($0.1 billion).

Goods by geographic area (seasonally adjusted, Census basis)

  • The surplus with members of OPEC decreased from $1.7 billion in September to $0.4 billion in October. Exports decreased $1.6 billion to $5.1 billion and imports decreased $0.3 billion to $4.7 billion.
  • The deficit with Mexico increased from $5.4 billion in September to $6.3 billion in October. Exports increased $0.1 billion to $19.7 billion and imports increased $1.0 billion to $26.0 billion.
  • The balance with the United Kingdom shifted from a deficit of $1.2 billion in September to a surplus of $0.6 billion in October. Exports increased $0.4 billion to $5.2 billion and imports decreased $1.4 billion to $4.5 billion.

For more information, read the full report.

 

 


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