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September 21, 2023

U.S. International Transactions, 2nd Quarter 2023: Historical Comparisons
[Billions of dollars, seasonally adjusted]

Levels
Current-account deficit
As a percentage of U.S. gross domestic product
Goods and services trade deficit
Goods trade deficit
Services trade surplus
Primary income surplus
Secondary income deficit
Exports of goods and services and income receipts
Exports of goods and services
Goods
Services
Primary income receipts
Secondary income receipts
Imports of goods and services and income payments
Imports of goods and services
Goods
Services
Primary income payments
Secondary income payments
Capital-account balance
Net financial transactions
Transactions in assets
Transactions in liabilities
Transactions in financial derivatives
Statistical discrepancy

Changes in level

2023:Q2
level
212.104
3.166%
203.514
275.173
71.659
35.004
43.595
1,145.319
744.901
497.580
247.321
354.525
45.893
1,357.423
948.414
772.752
175.662
319.521
89.488
-2.749
-109.006
238.206
342.471
-4.741
105.848
2023:Q2
change

Most recent quarter
with higher value
Quarter
Level
2023:Q1
214.472
2023:Q1
3.234%
2022:Q4
213.532
2022:Q2
308.907
2019:Q4
75.630
2022:Q4
38.094
2023:Q1
44.120
2023:Q1
1,153.162
2023:Q1
769.219
2023:Q1
526.548
none
....
none
....
2022:Q4
52.985
2023:Q1
1,367.634
2023:Q1
971.017
2023:Q1
789.815
2023:Q1
181.201
none
....
2022:Q4
93.700
2022:Q3
4.158
2020:Q2
-71.634
2022:Q3
336.063
2023:Q1
556.677
2023:Q1
-1.727
2022:Q2
119.030

Most recent quarter
Previous record
with lower value
(if 2023:Q2 was a record)
Quarter
Level
Quarter
Level
2021:Q2
200.219
....
....
2021:Q1
3.147%
....
....
2023:Q1
201.798
....
....
2023:Q1
263.268
....
....
2023:Q1
61.470
....
....
2023:Q1
31.446
....
....
2022:Q4
40.716
....
....
2022:Q4
1,138.053
....
....
2022:Q1
711.325
....
....
2022:Q1
490.438
....
....
2023:Q1
242.671 2023:Q1
242.671
2023:Q1
339.004 2023:Q1
339.004
2023:Q1
44.939
....
....
2022:Q4
1,354.207
....
....
2021:Q4
918.896
....
....
2021:Q4
762.383
....
....
2022:Q2
173.524
....
....
2023:Q1
307.558 2023:Q1
307.558
2023:Q1
89.059
....
....
2023:Q1
-5.913
....
....
2023:Q1
-350.058
....
....
2023:Q1
208.346
....
....
2022:Q4
-80.707
....
....
2022:Q4
-6.949
....
....
2023:Q1
-129.673
....
....

Most recent quarter
with higher value
Quarter
Change
2023:Q1
-1.682
2022:Q1
0.829%
2022:Q4
2.819
2022:Q1
47.738
none
....
2022:Q2
13.359
2023:Q1
3.404
2023:Q1
15.109
2023:Q1
10.658
2023:Q1
8.823
2022:Q4
5.518
2022:Q2
18.649
2022:Q4
7.601
2023:Q1
13.427
2023:Q1
-1.076
2023:Q1
-2.050
2023:Q1
0.973
2023:Q1
19.144
2022:Q3
11.607
2022:Q3
7.450
none
....
2023:Q1
468.664
2023:Q1
637.384
2023:Q1
5.222
none
....

Most recent quarter
Previous record
with lower value
(if 2023:Q2 was a record)
Quarter
Change
Quarter
Change
2022:Q4
-6.603
....
....
2023:Q1
-0.074%
....
....
2023:Q1
-11.734
....
....
2023:Q1
-10.872
....
....
2023:Q1
0.862 2019:Q2
6.874
2023:Q1
-6.648
....
....
2022:Q4
-10.820
....
....
2020:Q2
-197.283
....
....
2020:Q2
-149.163
....
....
2022:Q4
-29.064
....
....
2023:Q1
1.835
....
....
2023:Q1
12.496
....
....
2023:Q1
-8.046
....
....
2020:Q2
-148.503
....
....
2022:Q3
-24.584
....
....
2022:Q4
-22.101
....
....
2020:Q2
-35.209
....
....
2022:Q2
5.290
....
....
2023:Q1
-4.641
....
....
2023:Q1
-2.492
....
....
2023:Q1
-163.498 2012:Q2
235.877
2022:Q4
-596.381
....
....
2022:Q4
-599.227
....
....
2022:Q2
-52.013
....
....
2023:Q1
-162.688 2012:Q2
231.716

Current-account deficit
-2.368
As a percentage of U.S. gross domestic product
-0.068%
Goods and services trade deficit
1.716
Goods trade deficit
11.905
Services trade surplus
10.189
Primary income surplus
3.558
Secondary income deficit
-0.525
Exports of goods and services and income receipts
-7.843
Exports of goods and services
-24.318
Goods
-28.968
Services
4.650
Primary income receipts
15.521
Secondary income receipts
0.954
Imports of goods and services and income payments
-10.211
Imports of goods and services
-22.603
Goods
-17.063
Services
-5.539
Primary income payments
11.963
Secondary income payments
0.429
Capital-account balance
3.164
Net financial transactions
241.052
Transactions in assets
29.860
Transactions in liabilities
-214.206
Transactions in financial derivatives
-3.014
Statistical discrepancy
235.521
…. Not applicable
Note. For more information, see "U.S. International Transactions, 2nd Quarter 2023."
U.S. Bureau of Economic Analysis