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Tuesday, February 6, 2018 Services: Jeannine Aversa, (301) 278-9003 Goods: Mala Kline, (301) 763-2311 December 2017 Trade Gap is $53.1 Billion U.S. international trade in goods and services The U.S. monthly international trade deficit increased in December 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $50.4 billion in November (revised) to $53.1 billion in December, as imports increased more than exports. The previously published November deficit was $50.5 billion. The goods deficit increased $2.6 billion in December to $73.3 billion. The services surplus decreased $0.1 billion in December to $20.2 billion. Exports Exports of goods and services increased $3.5 billion, or 1.8 percent, in December to $203.4 billion. Exports of goods increased $3.4 billion and exports of services increased $0.1 billion. • The increase in exports of goods mostly reflected increases in industrial supplies and materials ($1.5 billion) and in capital goods ($1.2 billion). • The increase in exports of services mostly reflected increases in travel (for all purposes including education) ($0.1 billion) and in maintenance and repair services ($0.1 billion). A decrease in transport ($0.1 billion) partly offset the increases. Imports Imports of goods and services increased $6.2 billion, or 2.5 percent, in December to $256.5 billion. Imports of goods increased $6.0 billion and imports of services increased $0.3 billion. • The increase in imports of goods mostly reflected increases in consumer goods ($3.2 billion), in automotive vehicles, parts, and engines ($1.1 billion), and in capital goods ($0.8 billion). • The increase in imports of services mostly reflected increases in travel (for all purposes including education) ($0.2 billion) and in charges for the use of intellectual property ($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 2017. 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 6 news release, U.S. International Trade in Goods and Services: December 2017, issued by the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The next release is March 7, 2018.
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