Archive for the 'Trade in Goods and Services' Category

March 2018 Trade Gap is $49.0 Billion

The U.S. monthly international trade deficit decreased in March 2018 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $57.7 billion in February (revised) to $49.0 billion in March, as exports increased and imports decreased. The previously published February deficit was $57.6 billion. The goods deficit decreased $7.5 billion in March to $69.5 billion. The services surplus increased $1.3 billion in March to $20.5 billion.

trade-march-2018

Exports
Exports of goods and services increased $4.2 billion, or 2.0 percent, in March to $208.5 billion. Exports of goods increased $3.7 billion and exports of services increased $0.4 billion.

  • The increase in exports of goods mostly reflected increases in capital goods($1.9 billion), in foods, feeds, and beverages ($1.0 billion), and in industrial supplies and materials ($0.9 billion).
  • The increase in exports of services mostly reflected increases in maintenance and repair services ($0.1 billion), in travel (for all purposes including education) ($0.1 billion), and in transport ($0.1 billion).

Imports
Imports of goods and services decreased $4.6 billion, or 1.8 percent, in March to $257.5 billion. Imports of goods decreased $3.7 billion and imports of services decreased $0.9 billion.

  • The decrease in imports of goods mostly reflected decreases in capital goods ($1.5 billion), in consumer goods ($0.9 billion), and in industrial supplies and materials ($0.7 billion).
  • The decrease in imports of services mostly reflected decreases in charges for the use of intellectual property ($0.9 billion) and in transport ($0.1 billion). Charges for the use of intellectual property for February included payments for the rights to broadcast the 2018 Winter Olympic Games.

For more information, read the full report.

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.


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

Archives