Posts Tagged 'trade in goods and services'

February 2016 Trade Gap is $47.1 Billion

The U.S. monthly international trade deficit increased in February 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $45.9 billion in January (revised) to $47.1 billion in February, as imports increased more than exports. The previously published January deficit was $45.7 billion. The goods deficit increased $0.9 billion from January to $64.7 billion in February. The services surplus decreased $0.3 billion from January to $17.7 billion in February.

balance on goods and services trade

Exports
Exports of goods and services increased $1.8 billion, or 1.0 percent, in February to $178.1 billion. Exports of goods increased $1.8 billion and exports of services decreased less than $0.1 billion.

  • The increase in exports of goods mainly reflected increases in consumer goods ($1.1 billion) and in other goods ($0.6 billion).
  • The decrease in exports of services mainly reflected decreases in transport ($0.2 billion), which includes freight and port services and passenger fares, and in financial services ($0.1 billion). An increase in travel (for all purposes including education)($0.2 billion) was partly offsetting.

Imports
Imports of goods and services increased $3.0 billion, or 1.3 percent, in February to $225.1 billion. Imports of goods increased $2.7 billion and imports of services increased $0.3 billion.

  • The increase in imports of goods mainly reflected an increase in consumer goods ($3.6 billion). A decrease in automotive vehicles, parts, and engines ($1.5 billion) was partly offsetting.
  • The increase in imports of services reflected increases in travel (for all purposes including education) ($0.1 billion), 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 transport ($0.1 billion).

Goods by geographic area (seasonally adjusted, Census basis)

  • The deficit with China increased $1.0 billion to $32.1 billion in February. Exports decreased $0.3 billion to $8.4 billion and imports increased $0.8 billion to $40.5 billion.
  • The deficit with Canada increased $0.3 billion to $1.0 billion in February. Exports decreased $0.7 billion to $21.6 billion and imports decreased $0.4 billion to $22.6 billion.
  • The balance with members of OPEC shifted from a deficit of $0.2 billion in January to a surplus of $1.9 billion in February. Exports increased $1.6 billion to $7.4 billion and imports decreased $0.4 billion to $5.5 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.

August 2015 Trade Gap is $48.3 Billion

The U.S. monthly international trade deficit increased in August 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $41.8 billion in July (revised) to $48.3 billion in August, as exports decreased and imports increased. The previously published July deficit was $41.9 billion. The goods deficit increased $6.6 billion from July to $67.9 billion in August. The services surplus increased $0.1 billion from July to $19.6 billion in August.

balance on goods and services oct 6

Exports
Exports of goods and services decreased $3.7 billion, or 2.0 percent, in August to $185.1 billion. Exports of goods decreased $4.1 billion and exports of services increased $0.4 billion.

  • The decrease in exports of goods mainly reflected a decrease in industrial supplies and materials ($2.2 billion).
  • The increase in exports of services mainly reflected increases in financial services ($0.1 billion) and in travel (for all purposes including education) ($0.1 billion).

Imports
Imports of goods and services increased $2.8 billion, or 1.2 percent, in August to $233.4 billion. Imports of goods increased $2.5 billion and imports of services increased $0.3 billion.

  • The increase in imports of goods mainly reflected an increase in consumer goods ($4.0 billion).
  • The increase in imports 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.

Goods by geographic area (seasonally adjusted, Census basis)

  • The deficit with China increased from $28.8 billion in July to $32.9 billion in August. Exports decreased $0.6 billion to $9.8 billion and imports increased $3.6 billion to $42.8 billion.
  • The deficit with the European Union increased from $12.4 billion in July to $14.5 billion in August. Exports decreased $0.7 billion to $21.7 billion and imports increased $1.4 billion to $36.2 billion.
  • The deficit with Saudi Arabia decreased from $0.5 billion in July to less than $0.1 billion in August. Exports increased less than $0.1 billion to $1.8 billion and imports decreased $0.4 billion to $1.8 billion.

For more information, read the full report.


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