Archive for the 'Trade in Goods and Services' Category



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.

Balance on goods and service march4

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.

2015 Trade Gap is $531.5 Billion

The U.S. international trade deficit increased in 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $508.3 billion in 2014 to $531.5 billion in 2015, as exports decreased more than imports. As a percentage of U.S. gross domestic product, the goods and services deficit was 3.0 percent in 2015, up from 2.9 percent in 2014. The goods deficit increased from $741.5 billion in 2014 to $758.9 billion in 2015, and the services surplus decreased from $233.1 billion in 2014 to $227.4 billion in 2015.

annual highlights

Exports
Exports of goods and services decreased $112.9 billion, or 4.8 percent, in 2015 to $2,230.3 billion. Exports of goods decreased $118.8 billion and exports of services increased $5.9 billion. 

  • The largest decreases in exports of goods were in industrial supplies and materials ($76.9 billion), in foods, feeds, and beverages ($16.0 billion), and in capital goods ($12.7 billion). 
  • The largest increases in exports of services were in other business services ($9.3 billion), which includes research and development services; professional and management services; and technical, trade-related, and other services, in telecommunications, computer, and information services ($2.0 billion), and in financial services ($1.7 billion).

Imports
Imports of goods and services decreased $89.7 billion, or 3.1 percent, in 2015 to $2,761.8 billion. Imports of goods decreased $101.3 billion and imports of services increased $11.6 billion. 

  • The largest decrease in imports of goods was in industrial supplies and materials ($180.8 billion). 
  • The largest increases in imports of services were in travel (for all purposes including education) ($9.7 billion), in other business services ($5.2 billion), and in transport ($3.1 billion), which includes freight and port services and passenger fares.

Goods by geographic area (Census basis) 

  • The deficit with China increased from $343.1 billion in 2014 to $365.7 billion in 2015. Exports decreased $7.5 billion to $116.2 billion and imports increased $15.1 billion to $481.9 billion. 
  • The deficit with the European Union increased from $142.1 billion in 2014 to $153.3 billion in 2015. Exports decreased $3.5 billion to $272.7 billion and imports increased $7.8 billion to $426.0 billion. 
  • The balance with members of OPEC shifted from a deficit of $50.0 billion in 2014 to a surplus of $6.6 billion in 2015. Exports decreased $9.6 billion to $72.8 billion and imports decreased $66.2 billion to $66.2 billion.

For more information, read the full report.

December 2015 Trade Gap is $43.4 Billion

The U.S. monthly international trade deficit increased in December 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $42.2 billion in November (revised) to $43.4 billion in December, as exports decreased and imports increased. The previously published November deficit was $42.4 billion. The goods deficit increased $1.3 billion from November to $62.5 billion in December. The services surplus increased $0.1 billion from November to $19.2 billion in December.

Balance on Goods and service monthly

Exports
Exports of goods and services decreased $0.5 billion, or 0.3 percent, in December to $181.5 billion. Exports of goods decreased $0.8 billion and exports of services increased $0.3 billion. 

  • The decrease in exports of goods mainly reflected decreases in automotive vehicles, parts, and engines ($0.6 billion), in industrial supplies and materials ($0.4 billion), and in foods, feeds, and beverages ($0.4 billion). 
  • The increase in exports of services mainly reflected increases in financial services ($0.2 billion) and in other business services ($0.1 billion), which includes research and development services; professional and management services; and technical, trade-related, and other services.

Imports
Imports of goods and services increased $0.6 billion, or 0.3 percent, in December to $224.9 billion. Imports of goods increased $0.5 billion and imports of services increased $0.1 billion. 

  • The increase in imports of goods mainly reflected increases in automotive vehicles, parts, and engines ($1.0 billion) and in industrial supplies and materials ($0.5 billion). 
  • The increase in imports of services mainly reflected increases in travel (for all purposes including education) ($0.1 billion) and in other business services ($0.1 billion).

Goods by geographic area (seasonally adjusted, Census basis)

  • The balance with members of OPEC shifted from a surplus of $1.1 billion in November to a deficit of $0.2 billion in December. Exports decreased $1.2 billion to $5.2 billion and imports increased $0.1 billion to $5.4 billion. 
  • The deficit with Germany increased from $5.5 billion in November to $6.4 billion in December. Exports decreased less than $0.1 billion to $4.1 billion and imports increased $0.8 billion to $10.5 billion. 
  • The deficit with France decreased from $2.1 billion in November to $1.4 billion in December. Exports increased $0.1 billion to $2.5 billion and imports decreased $0.6 billion to $3.9 billion.

For more information, read the full report.

 

 


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