Archive for the 'Trade in Goods and Services' Category

February 2018 Trade Gap is $57.6 Billion

The U.S. monthly international trade deficit increased in February 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $56.7 billion in January (revised) to $57.6 billion in February, as imports increased more than exports. The previously published January deficit was $56.6 billion. The goods deficit increased $0.3 billion in February to $77.0 billion. The services surplus decreased $0.6 billion in February to $19.4 billion.

trade-feb-2018.png

Exports
Exports of goods and services increased $3.5 billion, or 1.7 percent, in February to $204.4 billion. Exports of goods increased $3.0 billion and exports of services increased $0.5 billion.

  • The increase in exports of goods mostly reflected increases in industrial supplies and materials ($2.0 billion), in automotive vehicles, parts, and engines ($0.9 billion), and in capital goods ($0.7 billion). A decrease in consumer goods ($0.8 billion) partly offset the increases.
  • The increase in exports of services mostly reflected increases in transport ($0.2), in travel (for all purposes including education) ($0.1 billion), and in charges for the use of intellectual property ($0.1 billion).

Imports
Imports of goods and services increased $4.4 billion, or 1.7 percent, in February to $262.0 billion. Imports of goods increased $3.3 billion and imports of services increased $1.1 billion.

  • The increase in imports of goods mostly reflected increases in capital goods ($1.8 billion), in industrial supplies and materials ($0.8 billion), and in foods, feeds, & beverages ($0.8 billion).
  • The increase in imports of services mostly reflected an increase in charges for the use of intellectual property ($1.0 billion), which included payments for the rights to broadcast the 2018 Winter Olympic Games.

For more information, read the full report.

September 2017 Trade Gap is $43.5 Billion

The U.S. monthly international trade deficit increased in September 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $42.8 billion in August (revised) to $43.5 billion in September, as imports increased more than exports. The previously published August deficit was $42.4 billion. The goods deficit increased $0.6 billion in September to $65.4 billion. The services surplus decreased $0.2 billion in September to $21.9 billion.

trade-sept-2017

Exports
Exports of goods and services increased $2.1 billion, or 1.1 percent, in September to $196.8 billion. Exports of goods increased $1.8 billion and exports of services increased $0.3 billion.

  • The increase in exports of goods mostly reflected increases in industrial supplies and materials ($1.9 billion) and in other goods ($0.8 billion). A decrease in consumer goods ($0.2 billion) partly offset the increases.
  • The increase in exports of services mostly reflected an increase in transport ($0.3 billion)

Imports
Imports of goods and services increased $2.8 billion, or 1.2 percent, in September to $240.3 billion. Imports of goods increased $2.4 billion and imports of services increased $0.4 billion.

  • The increase in imports of goods mostly reflected increases in capital goods ($1.5 billion), in industrial supplies and materials ($1.1 billion), and in consumer goods ($0.4 billion). A decrease in automotive vehicles, parts, and engines ($0.6 billion) partly offset the increases.
  • The increase in imports of services mostly reflected an increase in transport ($0.3 billion).

For more information, read the full report.

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.


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