Archive for the 'U.S. Census Bureau' Category

May 2017 Trade Gap is $46.5 Billion

The U.S. monthly international trade deficit decreased in May 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $47.6 billion in April (revised) to $46.5 billion in May, as exports increased and imports decreased. The previously published April deficit was $47.6 billion. The goods deficit decreased $0.9 billion in May to $67.5 billion. The services surplus increased $0.2 billion in May to $21.0 billion.

Goods and Services July 6

Exports
Exports of goods and services increased $0.9 billion, or 0.4% percent, in May to $192.0 billion. Exports of goods increased $0.2 billion and exports of services increased $0.6 billion.

  • The increase in exports of goods mostly reflected increases in consumer goods ($0.9 billion) and in automotive vehicles, parts, and engines($0.6 billion). A decrease in foods, feeds, and beverages($0.7 billion) partly offset the increases.
  • The increase in exports of services mostly reflected increases in travel (for all purposes including education) ($0.3 billion) and in financial services($0.2 billion).

Imports
Imports of goods and services decreased $0.2 billion, or 0.1%percent, in May to $238.5 billion. Imports of goods decreased $0.6 billion and imports of services increased $0.4 billion.

  • The decrease in imports of goods mostly reflected decreases in consumer goods ($1.5 billion) and in automotive vehicles, parts, and engines($0.7 billion). An increase in capital goods ($1.3 billion) partly offset the decreases.
  • The increase in imports of services mostly reflected an increase in travel (for all purposes including education)($0.2 billion).

For more information, read the full report.

 

 

August 2016 Trade Gap is $40.7 Billion

The U.S. monthly international trade deficit increased in August 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $39.5 billion in July (revised) to $40.7 billion in August, as imports increased more than exports. The previously published July deficit was $39.5 billion. The goods deficit decreased less than $0.1 billion in August to $60.3 billion. The services surplus decreased $1.2 billion in August to $19.6 billion.

balance-on-goods-and-services-trade-oct-5

Exports
Exports of goods and services increased $1.5 billion, or 0.8 percent, in August to $187.9 billion. Exports of goods increased $1.2 billion and exports of services increased $0.3 billion.
• The increase in exports of goods reflected an increase in industrial supplies and materials ($1.4 billion). A decrease in capital goods ($0.7 billion) was partly offsetting.
• The increase in exports of services mainly reflected an increase in travel (for all purposes including education) ($0.2 billion).

Imports
Imports of goods and services increased $2.6 billion, or 1.2 percent, in August to $228.6 billion. Imports of goods increased $1.1 billion and imports of services increased $1.5 billion.
• The increase in imports of goods reflected an increase in capital goods ($1.2 billion). A decrease in industrial supplies and materials ($0.8 billion) was partly offsetting.
• The increase in imports of services reflected an increase in charges for the use of intellectual property ($1.2 billion), which included payments for the rights to broadcast the 2016 Summer Olympic Games.

For more information, read the full report. 


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