The Goods and Services Deficit Increased to $37.4 billion in April 2016

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $37.4 billion in April, up $1.9 billion from $35.5 billion in March, revised. April exports were $182.8 billion, $2.6 billion more than March exports. April imports were $220.2 billion, $4.5 billion more than March imports.

The April increase in the goods and services deficit reflected an increase in the goods deficit of $1.4 billion to $58.8 billion and a decrease in the services surplus of $0.5 billion to $21.4 billion.

Year-to-date, the goods and services deficit decreased $8.1 billion, or 4.8 percent, from the same period in 2015. Exports decreased $39.0 billion or 5.1 percent. Imports decreased $47.1 billion or 5.1 percent.

bop

Exports (Exhibits 3, 6, and 7)

Exports of goods increased $2.9 billion to $120.1 billion in April.

 Exports of goods on a Census basis increased $2.8 billion.

  • Industrial supplies and materials increased $1.8 billion.
    • Fuel oil increased $0.3 billion.
    • Other petroleum products increased $0.2 billion.
    • Organic chemicals increased $0.2 billion.
  • Automotive vehicles, parts, and engines increased $0.8 billion.
    • Other parts and accessories increased $0.4 billion.

 Net balance of payments adjustments increased $0.1 billion.

 Exports of services decreased $0.3 billion to $62.7 billion in April.

  • Travel (for all purposes including education) decreased $0.2 billion.
  • Transport, which includes freight and port services and passenger fares, decreased $0.1 billion.

Imports (Exhibits 4, 6, and 8)

Imports of goods increased $4.3 billion to $178.9 billion in April.

 Imports of goods on a Census basis increased $4.3 billion.

  • Capital goods increased $2.5 billion.
    • Civilian aircraft increased $0.8 billion.
    • Computers increased $0.5 billion.
    • Electric apparatus increased $0.3 billion.
  • Industrial supplies and materials increased $1.1 billion.
    • Other petroleum products increased $0.3 billion.
    • Crude oil increased $0.2 billion.

 Net balance of payments adjustments decreased $0.1 billion.

Imports of services increased $0.3 billion to $41.4 billion in April.

  • Transport increased $0.2 billion.

Goods by Selected Countries and Areas: Census Basis (Exhibit 19)

The April figures show surpluses, in billions of dollars, with South and Central America ($2.9), Hong Kong ($1.6), Singapore ($0.9), United Kingdom ($0.7), OPEC ($0.5), Brazil ($0.4), and Saudi Arabia ($0.3). Deficits were recorded, in billions of dollars, with China ($26.6), European Union ($11.8), Japan ($6.0), Germany ($5.8), Mexico ($5.1), South Korea ($3.0), Italy ($2.5), France ($1.7), India ($1.6), Taiwan ($1.1), and Canada ($0.1).

  • The deficit with France increased $0.7 billion to $1.7 billion in April. Exports decreased $0.3 billion to $2.5 billion and imports increased $0.4 billion to $4.2 billion.
  • The surplus with Hong Kong decreased $0.6 billion to $1.6 billion in April. Exports decreased $0.4 billion to $2.2 billion and imports increased $0.2 billion to $0.7 billion.

Revisions to Goods and Services

In this release and in the accompanying “U.S. International Trade in Goods and Services: Annual Revision for 2015” release (FT-900 Annual Revision), the U.S. Census Bureau and the U.S. Bureau of Economic Analysis (BEA) are publishing revised statistics on trade in goods and services for January 2013 to March 2016. The revised statistics will also be reflected in the “U.S. International Transactions: First Quarter 2016 and Annual Revisions” report and in the international transactions interactive database, both to be released by BEA on June 16, 2016.

This annual revision has not changed the overall trend in the goods and services balance. On an annual basis, the goods and services deficit was revised downward 3.5 percent for 2013, downward 3.6 percent for 2014, and downward 7.3 percent for 2015. The goods deficit was nearly unrevised for 2013 and was revised upward for 2014 and 2015; the services surplus was revised upward for all three years.

 

NOTE: All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified.

 

Posted in Foreign Trade Data | Tagged , , , , , , | Leave a comment

The Goods and Services Deficit Decreased to $40.4 billion in March 2016

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $40.4 billion in March, down $6.5 billion from $47.0 billion in February, revised. March exports were $176.6 billion, $1.5 billion less than February exports. March imports were $217.1 billion, $8.1 billion less than February imports.

 

The March decrease in the goods and services deficit reflected a decrease in the goods deficit of $6.0 billion to $58.5 billion and an increase in the services surplus of $0.5 billion to $18.1 billion.

 

Year-to-date, the goods and services deficit decreased $1.0 billion, or 0.8 percent, from the same period in 2015. Exports decreased $30.5 billion or 5.4 percent. Imports decreased $31.6 billion or 4.5 percent.

bop

Exports (Exhibits 3, 6, and 7)

 

Exports of goods decreased $1.8 billion to $116.8 billion in March.

 

Exports of goods on a Census basis decreased $1.7 billion.

  • Consumer goods decreased $1.6 billion.
    • Pharmaceutical preparations decreased $0.8 billion.
    • Gem diamonds decreased $0.7 billion.
  • Industrial supplies and materials decreased $0.8 billion.
    • Other petroleum products decreased $0.5 billion.
  • Capital goods increased $1.0 billion.
    • Civilian aircraft increased $1.3 billion.

 

Net balance of payments adjustments decreased $0.1 billion.

 

Exports of services increased $0.3 billion to $59.8 billion in March.

  • Travel (for all purposes including education) increased $0.2 billion.

Imports (Exhibits 4, 6, and 8)

Imports of goods decreased $7.9 billion to $175.3 billion in March.

 

Imports of goods on a Census basis decreased $7.8 billion.

  • Consumer goods decreased $5.1 billion.
    • Toys, games, and sporting goods decreased $1.1 billion.
    • Other textile apparel and household goods decreased $0.6 billion.
    • Cotton apparel and household goods decreased $0.6 billion.
  • Capital goods decreased $1.6 billion.
    • Computer accessories decreased $0.8 billion.

 

Net balance of payments adjustments decreased less than $0.1 billion.

 

Imports of services decreased $0.2 billion to $41.7 billion in March.

  • Transport, which includes freight and port services and passenger fares, decreased $0.4 billion.

 

Goods by Selected Countries and Areas: Census Basis (Exhibit 19)

The March figures show surpluses, in billions of dollars, with South and Central America ($3.2), OPEC ($0.7), United Kingdom ($0.5), and Saudi Arabia ($0.1). Deficits were recorded, in billions of dollars, with China ($26.0), European Union ($11.1), Germany ($5.9), Japan ($5.9), Mexico ($5.2), South Korea ($3.0), Italy ($2.4), India ($1.7), France ($0.9), Brazil ($0.2), and Canada ($0.1).

  • The deficit with China decreased $6.2 billion to $26.0 billion in March. Exports increased $0.1 billion to $8.5 billion and imports decreased $6.1 billion to $34.4 billion.
  • The balance with the United Kingdom shifted from a deficit of $0.5 billion to a surplus of $0.5 billion in March. Exports increased $0.6 billion to $4.8 billion and imports decreased $0.3 billion to $4.4 billion.
  • The surplus with Saudi Arabia decreased $1.2 billion to $0.1 billion in March. Exports decreased $0.9 billion to $1.4 billion and imports increased $0.3 billion to $1.3 billion.

 

NOTE: All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified.

 

Posted in Foreign Trade Data | Tagged , , | Leave a comment

ACE Export Reports in a Nutshell

Written by: Theresa Gordon, Trade Ombudsman, International Trade Management Division

Automated Commercial Environment (ACE) Export Reports were deployed on June 27, 2015, along with ACE Export Accounts functionality. These reports serve as a replacement to the export data that was previously provided to the filer and/or U.S. Principal Party in Interest (USPPI) per request. ACE Export Reports give users the flexibility to access an official record of their exports at any time, free of charge. This capability provides for customizable reports (dynamic and scheduled) for export data filed in the last five years, in addition to the current year.

The available reports can be run by Employer Identification Number (EIN) and either an export date range or a filing date range. There are three different export reports provided in the ACE system: the 201 Filer Report, the 202 USPPI Report and the 203 USPPI Routed Report.

  • The 201 Filer: This report will return all shipments submitted by the filer requesting the report for the given date range.
  • The 202 USPPI: This report will return all shipments submitted on behalf of the U.S. Principal Party in Interest (USPPI) requesting the report for the given date range (including self-filed reports, if applicable.)
  • The 203 Routed: This report will return a data dump of only the subset of data elements approved by the Foreign Trade Regulations (FTR) for five years plus current year for shipments flagged as routed export transactions. Note: A change to the FTR has been proposed to include the Internal Transaction Number (ITN) and date of export to this subset of data elements to make this report searchable by date range.

An ACE Exporter Account is required to access these reports. If you have an ACE Importer Account, no further vetting is required. However, if you are new to ACE, you must be vetted to obtain export reports authorization after establishing an account. If you are new to ACE and need to apply for an account, please complete the ACE Exporter Account application.

We have step-by-step videos available that cover requesting export reports authorization by EIN as well as the process applying for ACE accounts. We also have a webinar on Export Reports and Accounts available for viewing at your convenience. 

NOTE: Vetting is NOT required to file Electronic Export Information (EEI) in the new AESDirect system in ACE or to access shipment data in the AESDirect Shipment Manager.

See the graphic below for more information on applying for and requesting authorization to ACE Export Reports. For more information, visit here or call the Census Bureau’s Trade Outreach Branch at 800-549-0595, option 5 or email exportreports@census.gov.

Posted in Export Filing | Tagged , , , , , , , , , , | 1 Comment

The Goods and Services Deficit Increased to $47.1 billion in February 2016

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $47.1 billion in February, up $1.2 billion from $45.9 billion in January, revised. February exports were $178.1 billion, $1.8 billion more than January exports. February imports were $225.1 billion, $3.0 billion more than January imports.

The February increase in the goods and services deficit reflected an increase in the goods deficit of $0.9 billion to $64.7 billion and a decrease in the services surplus of $0.3 billion to $17.7 billion.

Year-to-date, the goods and services deficit increased $10.8 billion, or 13.1 percent, from the same period in 2015. Exports decreased $20.5 billion or 5.5 percent. Imports decreased $9.7 billion or 2.1 percent.

bop

 

Exports (Exhibits 3, 6, and 7)

Exports of goods increased $1.8 billion to $118.6 billion in February.

Exports of goods on a Census basis increased $1.9 billion.

  • Consumer goods increased $1.1 billion.
    • Gem diamonds increased $0.6 billion.
    • Pharmaceutical preparations increased $0.3 billion.
  • Other goods increased $0.6 billion.

 Net balance of payments adjustments decreased $0.1 billion.

 Exports of services decreased less than $0.1 billion to $59.5 billion in February.

  • Transport, which includes freight and port services and passenger fares, decreased $0.2 billion.
  • Financial services decreased $0.1 billion.
  • Travel (for all purposes including education) increased $0.2 billion.

Imports (Exhibits 4, 6, and 8)

Imports of goods increased $2.7 billion to $183.3 billion in February.

Imports of goods on a Census basis increased $2.7 billion.

  • Consumer goods increased $3.6 billion.
    • Pharmaceutical preparations increased $1.3 billion.
    • Toys, games, and sporting goods increased $0.6 billion.
  • Automotive vehicles, parts, and engines decreased $1.5 billion.
    • Passenger cars decreased $1.3 billion.

Net balance of payments adjustments decreased less than $0.1 billion.

Imports of services increased $0.3 billion to $41.8 billion in February.

  • Travel (for all purposes including education) increased $0.1 billion.
  • Other business services, which includes research and development services; professional and management services; and technical, trade-related, and other services, increased $0.1 billion.
  • Transport increased $0.1 billion.

Goods by Selected Countries and Areas: Census Basis (Exhibit 19)

The February figures show surpluses, in billions of dollars, with South and Central America ($2.7), OPEC ($1.9), Saudi Arabia ($1.3), and Brazil ($0.4). Deficits were recorded, in billions of dollars, with China ($32.1), European Union ($10.6), Japan ($5.4), Germany ($5.2), Mexico ($5.1), South Korea ($2.8), India ($2.4), Italy ($2.4), France ($1.5), Canada ($1.0), and United Kingdom ($0.5).

  • 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 balance with Saudi Arabia shifted from a deficit of $0.2 billion to a surplus of $1.3 billion in February. Exports increased $0.9 billion to $2.3 billion and imports decreased $0.6 billion to $1.0 billion.

NOTE: All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified.

Posted in Foreign Trade Data | Tagged , , | Leave a comment

The Building Blocks of Gross Domestic Product Webinar

By Erwin (Randy) Parson, International Trade Management Division

You may already know that the gross domestic product (GDP) produced by the Bureau of Economic Analysis measures economic activity, but do you know how the U.S. Census Bureau’s economic indicators data are included? Join us March 30 at 1 p.m. (EDT) for this joint webinar with the Bureau of Economic Analysis on “The Building Blocks of Gross Domestic Product.” This webinar will explore how the Census Bureau’s economic indicators contribute to the Gross Domestic Product.

This webinar is part of the “Investigating Economic Indicators” webinar series that discusses how economic indicators keep the world informed by providing the first official measures of the changing U.S. economy.

To register, click here.

Posted in Webinars | Tagged , , , , , , , , | 5 Comments

Publication of a Notice of Proposed Rulemaking to Revise the Foreign Trade Regulations

Written by: Shannon Barley, International Trade and Management Division

The Notice of Proposed Rulemaking (NPRM) to revise the Foreign Trade Regulations (FTR) has been published. This rule reflects new export reporting requirements that are related to the International Trade Data System (ITDS). ITDS was established by Executive Order 13659 and streamlines the export and import process for American businesses as well as the Security and Accountability for Every (SAFE) Port Act of 2006. In short, this Notice of Proposed Rulemaking creates a single window for collecting trade-related information.

Several sections in the Foreign Trade Regulations have been revised. Let’s look at the ones with the most significant impact. First, we have proposed adding two new data elements to the information that companies report. One is the “original International Transaction Number (ITN).” This would be an optional data element that could be used if a previously filed shipment is replaced or divided and additional shipment(s) must be filed. This field would help both the trade community and enforcement agencies know if the original shipment(s) was filed properly.

The second data element is the “used electronics indicator.” This is a conditional data element that asks companies to identify whether used electronics under particular Harmonized Tariff Schedules or Schedule B classification numbers are new or used. This data element would help ensure compliance with the Resource Recovery Act (RCRA) and Executive Order 13693.

Another notable revision is a change in the Automated Export System’s certification process. Filers would now register their Automated Export System account through the Customs and Border Protection (CBP) website, and there would no longer a certification quiz to register for an account.

Additionally, in accordance with Foreign Trade Regulations Letter #6, we revised the timeframes for split shipments to 24 hours by vessel or seven days by air, truck or rail. We also made revisions throughout the Foreign Trade Regulations to move entirely from paper collection of trade information to an electronic equivalent.

So what does this all mean?

As a Notice of Proposed Rulemaking, the proposed revisions are not set in stone. We invite the export trade community to make comments to the revisions we have proposed during the 60-day comment period. You can submit comments to us through the Federal e-Rulemaking portal using the RIN Number 0607-AA55.

For more information about the NPRM, please feel free to contact us at 800-549-0595, Option 3.

Posted in Foreign Trade Regulations | Tagged , , , , , , , , | Leave a comment

What Type of Training Webinar Would You Like to See?

By Justin Edwards, International Trade Management Division

If you export products and goods from the United States, you know there can be a lot to navigate. There are regulatory and reporting requirements, general rules of interpretation for classifying imports and exports, and other topics that you need to understand. Over the past few months, the International Trade Management Division has hosted a series of webinars to provide users with guidance and tips to make it easier to navigate the plethora of trade tools available, from regulations to classifications.

As we move toward the spring, we would like to get your feedback on what kinds of webinar topics would be useful to you.

Here is a list of webinar topics we are considering:

  • How to avoid penalties and fines when reporting export information.
  • An overview of ACE (Automated Commercial Environment) Export Accounts, including ACE Export Reports.
  • Classification guidance on kits and sets.

Please comment on this blog to let us know what topic(s) you are interested in seeing or email us at itmd.outreach@census.gov. You can also call 1-800-549-0595, option 5 to speak to a representative and share your recommendation.

To view our previous webinars, please visit here.

Posted in Classification, Foreign Trade Data | Tagged , , , , , , , , , , , , | 19 Comments

The Goods and Services Deficit Increased to $45.7 billion in January 2016

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $45.7 billion in January, up $1.0 billion from $44.7 billion in December, revised. January exports were $176.5 billion, $3.8 billion less than December exports. January imports were $222.1 billion, $2.8 billion less than December imports.

The January increase in the goods and services deficit reflected an increase in the goods deficit of $1.1 billion to $63.7 billion and an increase in the services surplus of $0.1 billion to $18.0 billion.

Year-over-year, the goods and services deficit increased $2.1 billion, or 4.8 percent, from January 2015. Exports decreased $12.5 billion or 6.6 percent. Imports decreased $10.5 billion or 4.5 percent.

bopExports (Exhibits 3, 6, and 7)

Exports of goods decreased $4.0 billion to $116.9 billion in January.

Exports of goods on a Census basis decreased $3.9 billion.

  • Capital goods decreased $1.2 billion.
  • Industrial supplies and materials decreased $0.9 billion.
    • Fuel oil decreased $0.7 billion.
  • Consumer goods decreased $0.8 billion.

 Net balance of payments adjustments decreased $0.1 billion.

 Exports of services increased $0.2 billion to $59.6 billion in January.

  • Travel (for all purposes including education) increased $0.2 billion.
  • Transport, which includes freight and port services and passenger fares, increased $0.1 billion.

Imports (Exhibits 4, 6, and 8)

Imports of goods decreased $2.9 billion to $180.6 billion in January.

Imports of goods on a Census basis decreased $2.8 billion.

  • Industrial supplies and materials decreased $2.1 billion.
    • Crude oil decreased $1.8 billion.
  • Capital goods decreased $1.2 billion.
    • Civilian aircraft decreased $0.9 billion.

 Net balance of payments adjustments decreased $0.1 billion.

Imports of services increased less than $0.1 billion to $41.5 billion in January.

  • Other business services, which includes research and development services; professional and management services; and technical, trade-related, and other services, increased $0.1 billion.
  • Travel (for all purposes including education) increased $0.1 billion.

 Goods by Selected Countries and Areas: Census Basis (Exhibit 19)

The January figures show surpluses, in billions of dollars, with South and Central America ($3.1) and Brazil ($0.6). Deficits were recorded, in billions of dollars, with China ($31.1), European Union ($12.6), Germany ($5.8), Japan ($5.6), Mexico ($5.6), South Korea ($2.9), Italy ($2.4), India ($2.3), France ($1.5), Canada ($0.5), Saudi Arabia ($0.2), OPEC ($0.2), and United Kingdom ($0.1).

  • 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.

 

NOTE: All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified.

Posted in Foreign Trade Data | Tagged , , , , | Leave a comment

Automated Export System Compliance Seminar Schedule 2016

We are happy to share with you our 2016 Automated Export System (AES) compliance seminar series. For the latest dates and registration details, visit our site.

What is an AES Compliance Seminar?

The AES Compliance Seminar is a one-day program where experts from the Census Bureau and Bureau of Industry and Security as well as Customs and Border Protection officers from nearby ports discuss export topics such as:

  • Mandatory export filing requirements.
  • How to file the export information in the Automated Commercial Environment (ACE).
  • How to avoid common penalties and seizure of cargo.
  • Bureau of Industry and Security export control requirements.
  • How to classify your product by Schedule B number and Export Control Classification Numbers (ECCN).
  • Best practices for maintaining compliance with export regulations.

Please note: The AES Compliance Seminar qualifies for seven Certified Export Specialist (CES) credits.

Wondering why you should register?

Our 2016 series has been updated to ensure we are providing the latest regulatory requirements on exporting, as well as step-by-step instructions with visuals on how to file through the new AES in ACE. Furthermore, we have a great lineup of federal experts. No other seminar can offer such valuable information!

The 2016 schedule:

   Indianapolis, IN February 23
   Charleston, SC March 9
   Jackson, MS April 13
   Salt Lake City, UT April 27
   Houston, TX May 4
   Seattle, WA May 18
   Philadelphia, PA June 7
   Baltimore, MD June 21
   Fort Lauderdale, FL (Spanish) July 20
   Fort Lauderdale, FL July 21
   Orlando, FL September 20
   Laredo, TX (Spanish) October 12
   Chicago, IL November 2
   Boston, MA December 7

 

Click here  for more information on the compliance seminar schedule and details. 

For more information on these training opportunities, please visit: census.gov/foreign-trade/aes/meetingsandpresentations.

Posted in Foreign Trade Regulations | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments

The Goods and Services Deficit Increased to $43.4 billion in December 2015

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $43.4 billion in December, up $1.1 billion from $42.2 billion in November, revised. December exports were $181.5 billion, $0.5 billion less than November exports. December imports were $224.9 billion, up $0.6 billion from November.

The December increase in the goods and services deficit reflected an increase in the goods deficit of $1.3 billion to $62.5 billion and an increase in the services surplus of $0.1 billion to $19.2 billion.

For 2015, the goods and services deficit was $531.5 billion, up $23.2 billion or 4.6 percent from 2014. Exports were $2,230.3 billion, down $112.9 billion or 4.8 percent. Imports were $2,761.8 billion, down $89.7 billion or 3.1 percent.

bop

Annual Summary for 2015

For 2015, the goods and services deficit was $531.5 billion, up $23.2 billion from $508.3 billion in 2014. Exports were $2,230.3 billion in 2015, down $112.9 billion from 2014. Imports were $2,761.8 billion in 2015, down $89.7 billion from 2014.

The 2015 increase in the goods and services deficit reflected an increase in the goods deficit of $17.5 billion or 2.4 percent to $758.9 billion and a decrease in the services surplus of $5.7 billion or 2.4 percent to $227.4 billion.

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.

bop_annual

Exports (Exhibits 3, 6, and 7)

Exports of goods decreased $118.8 billion to $1,513.9 billion in 2015.

Exports of goods on a Census basis decreased $115.6 billion.

  • Industrial supplies and materials decreased $76.9 billion.
    • Fuel oil decreased $22.2 billion.
    • Other petroleum products decreased $16.1 billion.
  • Foods, feeds, and beverages decreased $16.0 billion.
    • Soybeans decreased $5.3 billion.

Net balance of payments adjustments decreased $3.1 billion.

Exports of services increased $5.9 billion to $716.4 billion in 2015.

  • Other business services, which includes research and development services; professional and management services; and technical, trade-related, and other services, increased $9.3 billion.
  • Transport, which includes freight and port services and passenger fares, decreased $5.4 billion.

Imports (Exhibits 4, 6, and 8)

Imports of goods decreased $101.3 billion to $2,272.8 billion in 2015.

Imports of goods on a Census basis decreased $106.6 billion.

  • Industrial supplies and materials decreased $180.8 billion.
    • Crude oil decreased $120.5 billion.
    • Fuel oil decreased $17.3 billion.
  • Consumer goods increased $37.5 billion.
    • Pharmaceutical preparations increased $16.4 billion.

Net balance of payments adjustments increased $5.3 billion.

Imports of services increased $11.6 billion to $489.0 billion in 2015.

  • Travel (for all purposes including education) increased $9.7 billion.
  • Other business services increased $5.2 billion.
  • Transport increased $3.1 billion.

Goods by Selected Countries and Areas – Census Basis (Exhibits 14 and 14a)

The 2015 figures show surpluses, in billions of dollars, with South and Central America ($37.4), Hong Kong ($30.5), Australia ($14.2), Singapore ($10.4), OPEC ($6.6), and Brazil ($4.3). Deficits were recorded, in billions of dollars, with China ($365.7), European Union ($153.3), Germany ($74.2), Japan ($68.6), Mexico ($58.4), South Korea ($28.3), Italy ($27.8), India ($23.2), Malaysia ($21.5), France ($17.6), Thailand ($17.3), Canada ($14.9), and Taiwan ($14.8).

  • The deficit with China increased $22.6 billion 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 surplus with Brazil decreased $7.6 billion to $4.3 billion in 2015. Exports decreased $10.8 billion to $31.7 billion and imports decreased $3.1 billion to $27.4 billion.

NOTE: All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified.

Posted in Foreign Trade Data | Tagged , , , , , , | Leave a comment