Archive for the 'Trade in Goods and Services' Category

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.

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.


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