Archive for the 'Trade in Goods and Services' Category



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.

 

 

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.

balances trade service 1204

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.

 

 

September 2015 Trade Gap is $40.8 Billion

The U.S. monthly international trade deficit decreased in September 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $48.0 billion in August (revised) to $40.8 billion in September, as exports increased and imports decreased. The previously published August deficit was $48.3 billion. The goods deficit decreased $7.3 billion from August to $60.3 billion in September. The services surplus decreased $0.1 billion from August to $19.5 billion in September.

balance on goods and service 1104Exports
Exports of goods and services increased $3.0 billion, or 1.6 percent, in September to $187.9 billion. Exports of goods increased $2.9 billion and exports of services increased $0.1 billion.

  • The increase in exports of goods mainly reflected increases in consumer goods ($1.3 billion) and in capital goods ($0.9 billion).
  • The increase in exports of services mainly reflected increases in travel (for all purposes including education) ($0.1 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 decreased $4.2 billion, or 1.8 percent, in September to $228.7 billion. Imports of goods decreased $4.4 billion and imports of services increased $0.1 billion.

  • The decrease in imports of goods mainly reflected decreases in industrial supplies and materials ($1.6 billion), in capital goods ($1.0 billion), and in automotive vehicles, parts, and engines ($0.8 billion).
  • The increase in imports of services mainly reflected an increase in travel (for all purposes including education) ($0.1 billion).

Goods by geographic area (seasonally adjusted, Census basis)

  • The deficit with China decreased from $32.9 billion in August to $30.7 billion in September. Exports increased $0.4 billion to $10.2 billion and imports decreased $1.8 billion to $41.0 billion.
  • The deficit with Germany decreased from $6.8 billion in August to $5.7 billion in September. Exports increased $0.3 billion to $4.2 billion imports decreased $0.8 billion to $9.9 billion.
  • The deficit with the United Kingdom increased from $0.3 billion in August to $1.2 billion in September. Exports increased $0.2 billion to $4.8 billion and imports increased $1.0 billion to $5.9 billion.

For more information, read the full report.


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