The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Tuesday, February 7, 2017 Services: Jeannine Aversa, (301) 278-9003 Goods: Mala Kline, (301) 763-2311 December 2016 Trade Gap is $44.3 Billion U.S. international trade in goods and services The U.S. monthly international trade deficit decreased in December 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $45.7 billion in November (revised) to $44.3 billion in December, as exports increased more than imports. The previously published November deficit was $45.2 billion. The goods deficit decreased $1.2 billion in December to $65.7 billion. The services surplus increased $0.3 billion in December to $21.4 billion. Balance on Goods and Services Trade January 2007–December 2016 Billion $ -20 -30 -40 -50 -60 -70 -80 2007 2008 2009 U.S. Bureau of Economic Analysis U.S. Census Bureau 2010 2011 2012 2013 2014 2015 2016 Seasonally adjusted Exports Exports of goods and services increased $5.0 billion, or 2.7 percent, in December to $190.7 billion. Exports of goods increased $4.8 billion and exports of services increased $0.2 billion. • The increase in exports of goods mostly reflected increases in capital goods ($3.3 billion) and in industrial supplies and materials ($0.7 billion). • The increase in exports of services reflected increases in transport ($0.1 billion), which includes freight and port services and passenger fares, and in travel (for all purposes including education) ($0.1 billion). Imports Imports of goods and services increased $3.6 billion, or 1.5 percent, in December to $235.0 billion. Imports of goods increased $3.6 billion and imports of services were nearly unchanged. • The increase in imports of goods mostly reflected increases in automotive vehicles, parts, and engines ($1.6 billion), in industrial supplies and materials ($1.1 billion), and in capital goods ($1.0 billion). • The change in each category for imports of services was less than $0.1 billion. For more detailed information on trade by type of good or service and with major trading partners, see U.S. International Trade in Goods and Services: December 2016. BEA statistics—including GDP, personal income, the balance of payments, foreign direct investment, the input-output accounts, and economic statistics for states, local areas, and industries—are available at www.bea.gov. E-mail alerts are also available. NOTE: This and more information is provided in the February 7 news release, U.S. International Trade in Goods and Services: December 2016, issued by the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The next release is March 7, 2017.
@FedFRASER