Full text of Bureau of Economic Analysis (BEA) News Releases : U.S. International Transactions, 2nd Quarter 2024, BEA 24-41 : Full Release and Tables

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EMBARGOED UNTIL RELEASE AT 8:30 a.m. EDT, Thursday, September 19, 2024
Technical:
Media:

Elliot Berg
Connie O’Connell

301-278-9597
301-278-9003

BEA 24–41

Elliot.Berg@bea.gov
Connie.OConnell@bea.gov

U.S. International Transactions, 2nd Quarter 2024
Current-Account Deficit Widened by 10.7 Percent
Current-Account Balance (chart 1)
The U.S. current-account deficit, which reflects the combined balances on trade in goods and services
and income flows between U.S. residents and residents of other countries, widened by $25.8 billion, or
10.7 percent, to $266.8 billion in the second quarter of 2024, according to statistics released today by
the U.S. Bureau of Economic Analysis. The revised first-quarter deficit was $241.0 billion.
The second-quarter deficit was 3.7 percent of current-dollar gross domestic product, up from 3.4
percent in the first quarter.
The $25.8 billion widening of the current-account deficit in the second quarter mostly reflected an
expanded deficit on goods.

Chart 1. Quarterly U.S. Current-Account and Component Balances

Page 1 of 22

Current-Account Transactions (tables 1–5 and chart 2)
Exports of goods and services to, and income received from, foreign residents increased $4.9 billion to
$1.20 trillion in the second quarter. Imports of goods and services from, and income paid to, foreign
residents increased $30.7 billion to $1.47 trillion. 1

Chart 2. Quarterly U.S. Current-Account Transactions

Trade in goods (table 2)
Exports of goods decreased $0.1 billion to $516.7 billion, reflecting offsetting changes in several
categories. The largest decrease was in nonmonetary gold. The largest increase was in capital goods,
mainly computers. Imports of goods increased $20.1 billion to $813.9 billion, reflecting increases in
capital goods, mostly computer accessories, peripherals, and parts; computers; and semiconductors,
and in consumer goods, mainly medicinal, dental, and pharmaceutical products.
Trade in services (table 3)
Exports of services increased $3.1 billion to $271.7 billion, reflecting an increase in “other business
services,” mainly professional and management consulting services and research and development
services, that was partly offset by a decrease in telecommunications, computer, and information
services, mostly computer services. Imports of services increased $2.9 billion to $197.7 billion, reflecting
increases in charges for the use of intellectual property, mainly licenses for the use of outcomes of

1

U.S. international transactions are presented in current dollars in accordance with international statistical
presentation guidelines. For a comparison of current-dollar, or nominal, and inflation-adjusted, or real, measures
of international transactions, see “SECTION 4 – FOREIGN TRANSACTIONS” of the National Income and Product
Accounts.

Page 2 of 22

research and development; in insurance services, mostly reinsurance; and in transport, mostly air
passenger transport.
Primary income (table 4)
Receipts of primary income increased $2.7 billion to $362.4 billion, and payments of primary income
increased $8.3 billion to $361.3 billion. The increases in both receipts and payments primarily reflected
increases in portfolio investment income, mostly equity securities.
Secondary income (table 5)
Receipts of secondary income decreased $0.9 billion to $49.3 billion, reflecting a decrease in general
government transfers, mostly fines and penalties. Payments of secondary income decreased $0.6 billion
to $93.9 billion, reflecting a decrease in general government transfers, mainly international cooperation.

Capital-Account Transactions (table 1)
Capital-transfer receipts decreased $38 million to $6 million in the second quarter. Capital-transfer
payments decreased $0.4 billion to $1.5 billion, mostly reflecting a decrease in infrastructure grants.

Financial-Account Transactions (tables 1, 6, 7, and 8 and chart 3)
Net financial-account transactions were −$304.3 billion in the second quarter, reflecting net U.S.
borrowing from foreign residents.

Chart 3. Quarterly U.S. Financial-Account Transactions Excluding Financial Derivatives

Page 3 of 22

Financial assets (tables 1, 6, 7, and 8)
Second-quarter transactions increased U.S. residents’ foreign financial assets by $153.1 billion.
Transactions increased portfolio investment assets, mainly long-term debt securities, by $109.4 billion;
direct investment assets, mainly equity, by $47.5 billion; and reserve assets by $0.7 billion. Transactions
decreased “other investment assets” by $4.5 billion, resulting from a decrease in loans that was mostly
offset by an increase in deposits.
Liabilities (tables 1, 6, 7, and 8)
Second-quarter transactions increased U.S. liabilities to foreign residents by $387.0 billion. Transactions
increased portfolio investment liabilities, both long-term debt securities and equity, by $258.7 billion;
direct investment liabilities, mostly equity, by $89.5 billion; and “other investment liabilities,” mostly
deposits, by $38.8 billion.
Financial derivatives (table 1)
Net transactions in financial derivatives were –$70.5 billion in the second quarter, reflecting net U.S.
borrowing from foreign residents.

Table A. Updates to First-Quarter 2024 International Transactions Accounts Balances
[Billions of dollars, seasonally adjusted]

Current-account balance
Goods balance
Services balance
Primary income balance
Secondary income balance
Net financial-account transactions

Preliminary estimates

Revised estimates

–237.6

−241.0
−276.9
73.7
6.7
−44.4
−185.8

−277.7
73.2
12.3
−45.5
−197.3

U.S. Bureau of Economic Analysis

Next release: December 18, 2024, at 8:30 a.m. EST
U.S. International Transactions, 3rd Quarter 2024

Page 4 of 22

Additional Information
Resources
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X.
Historical time series for these estimates can be
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Access BEA data by registering for BEA’s Data
Application Programming Interface.
For more on BEA statistics, see our online journal,
the Survey of Current Business.
For upcoming economic indicators, see BEA’s news
release schedule.
More
information on the International
Transactions Accounts (ITAs) and a description of
the estimation methods used to compile them is
provided in U.S. International Economic Accounts:
Concepts and Methods.

Definitions
The current account consists of transactions between U.S.
residents and nonresidents in goods, services, primary
income, and secondary income.
Goods are physical items with ownership rights that can be
exchanged among institutional units through transactions.
Services transactions consist of transactions arising from
productive activities that change the condition of the
consumer or that facilitate the exchange of products and
financial assets.
Primary income transactions include investment income
and compensation of employees. Investment income is the
return on holdings of financial assets and includes direct
investment income, portfolio investment income, other
investment income, and income on reserve assets.
Compensation of employees is income for the contribution
of labor inputs to the production process.
Secondary income consists of current transfers between
residents and nonresidents. Unlike an exchange, a transfer
is a transaction in which a good, service, or asset is provided
without a corresponding return of economic value.
Secondary income receipts and payments include U.S.
government and private transfers, such as international
cooperation (primarily U.S. government grants), U.S.
government pensions, fines and penalties, withholding
taxes, personal transfers (remittances), insurance -related
transfers, and other current transfers.
The capital account consists of capital transfers between
residents and nonresidents and the cross-border

acquisition and disposal of nonproduced nonfinancial
assets. Capital transfers include debt forgiveness,
investment grants, and certain disaster-related nonlife
insurance claims. Nonproduced nonfinancial assets include
the acquisition and disposal of natural resources, outright
sales and purchases of franchises and trademarks, and fees
paid by one sporting franchise to another for the transfer of
a player. Capital-account transactions are distinguished
from current-account transactions in that capital-account
transactions result in a change in the assets of one or both
parties to the transaction without affecting the income or
savings of either party.
The financial account consists of transactions between U.S.
residents and nonresidents for direct investment, portfolio
investment, other investment, reserves, and financial
derivatives other than reserves.
Direct investment is a category of cross-border investment
associated with a resident in one economy having control
or a significant degree of influence over the management
of an enterprise resident in another economy. Ownership
or control of 10 percent or more of the voting securities of
an entity is the threshold for separating direct investment
from other types of investment. Direct investment
transactions include transactions in equity (including
reinvestment of earnings) and debt instruments.
Portfolio investment transactions consist of cross-border
transactions involving equity and investment fund shares
and debt securities, excluding those included in direct
investment or reserve assets.
Other investment is a residual category that includes crossborder financial instruments other than those included in
direct investment, portfolio investment, financial
derivatives, and reserve assets. Other investment
transactions consist of transactions in other equity (equity
not in the form of securities), currency and deposits, loans,
insurance technical reserves, trade credit and advances,
and, for liabilities, special drawing rights allocations.
Reserve assets are those external assets that are readily
available to and controlled by monetary authorities for
meeting balance-of-payments financing needs, for
intervention in exchange markets to affect the currency
exchange rate, and for other related purposes, such as
maintaining confidence in the currency and the economy
and serving as a basis for foreign borrowing. The major
published categories are monetary gold, International
Monetary Fund (IMF) special drawing rights, reserve
position in the IMF, and other reserve assets.
Financial derivatives other than reserves consist of
financial contracts that are linked to underlying financial
instruments, commodities, or indicators. Transactions in

Page 5 of 22

financial derivatives consist of U.S. cash receipts and
payments arising from the sale, purchase, periodic
settlement, or final settlement of financial derivatives
contracts. Transactions in financial derivatives are only
available as a net value equal to transactions for assets less
transactions for liabilities. A positive value represents net
cash payments by U.S. residents to foreign residents from
settlements of derivatives contracts (net lending), and a
negative value represents net U.S. cash receipts (net
borrowing).
The statistical discrepancy is the difference between net
acquisition of assets and net incurrence of liabilities in the
financial account (including financial derivatives) less the
difference between total credits and total debits recorded
in the current and capital accounts. The statistical
discrepancy can also be calculated as the difference
between net lending (borrowing) measured from financial account transactions and net lending (borrowing)
measured from current- and capital-account transactions.
The current-account balance is the difference between
credits (exports and income receipts) and debits (imports
and income payments) in the current account. The balance
is a net measure of current-account transactions between
the United States and the rest of the world. A positive
balance indicates a current-account surplus. A negative
balance indicates a current-account deficit.
Net lending (borrowing) measures the balance of funds
supplied to the rest of the world. Net lending means that,
in net terms, the U.S. economy supplies funds to the rest of
the world. Net borrowing means the opposite. Net lending
(borrowing) can be measured by current- and capitalaccount transactions or by financial-account transactions.
Conceptually, the two measures are equal. In practice, the
two measures differ by the statistical discrepancy.

Release and update cycle

are updated the following quarter to incorporate new
source data. Additionally, in March, seasonally adjusted
statistics for the first, second, and third quarters of the
previous year are revised to force the sum of seasonally
adjusted quarters to equal the annual totals; this forcing
procedure is also applied to the preliminary fourth quarter.
Quarterly statistics are open for revision for at least the
prior 3 years in annual updates released in June. Preliminary
annual statistics are released in March, along with statistics
for the fourth quarter of the previous year. These annual
statistics are open for revision for at least the prior 3 years
in subsequent annual updates.

Related statistics
The ITAs constitute one part of a broader set of U.S.
International Economic Accounts that, taken together,
provide a comprehensive, integrated, and detailed picture
of U.S. international economic activities.
The International Investment Position (IIP) Accounts are
released quarterly. Financial transactions reported in the
ITAs are one type of change in position recorded in the IIP
Accounts.
Statistics on direct investment and multinational
enterprises (MNEs) include annual statistics on the
activities of U.S. MNEs and U.S. affiliates of foreign MNEs,
detailed annual and quarterly statistics on direct
investment, and annual statistics on new foreign direct
investment in the United States.
Statistics on international services, released annually,
include detailed annual information on trade in services and
on services supplied through the channel of direct
investment by affiliates of MNEs.
U.S. international trade in goods and services, released by
BEA and the U.S. Census Bureau, provides monthly statistics
on trade in goods and services.

Preliminary quarterly statistics for the ITAs are released in
March, June, September, and December, approximately 80
days after the end of the reference quarter. These statistics

News release tables
Table
Table
Table
Table
Table
Table
Table
Table

1. U.S. International
2. U.S. International
3. U.S. International
4. U.S. International
5. U.S. International
6. U.S. International
7. U.S. International
8. U.S. International

Transactions
Trade in Goods
Trade in Services
Transactions in Primary Income
Transactions in Secondary Income
Financial Transactions for Direct Investment
Financial Transactions for Portfolio Investment
Financial Transactions for Other Investment

Page 6 of 22

September 19, 2024

Table 1. U.S. International Transactions—Continues
[Millions of dollars]
Line
Current account
1 Exports of goods and services and income receipts (credits)
2
Exports of goods and services
3
Goods
4
General merchandise
5
Foods, feeds, and beverages
6
Industrial supplies and materials
7
Capital goods except automotive
8
Automotive vehicles, parts, and engines
9
Consumer goods except food and automotive
10
Other general merchandise
11
Net exports of goods under merchanting
12
Nonmonetary gold
13
Services
14
Manufacturing services on physical inputs owned by others
15
Maintenance and repair services n.i.e.
16
Transport
17
Travel (for all purposes including education) ¹
18
Construction
19
Insurance services
20
Financial services
21
Charges for the use of intellectual property n.i.e.
22
Telecommunications, computer, and information services
23
Other business services
24
Personal, cultural, and recreational services
25
Government goods and services n.i.e.
26
Primary income receipts
27
Investment income
28
Direct investment income
29
Portfolio investment income
30
Other investment income
31
Reserve asset income
32
Compensation of employees
33
Secondary income (current transfer) receipts ²
34 Imports of goods and services and income payments (debits)
35
Imports of goods and services
36
Goods
37
General merchandise
38
Foods, feeds, and beverages
39
Industrial supplies and materials
40
Capital goods except automotive
41
Automotive vehicles, parts, and engines
42
Consumer goods except food and automotive
43
Other general merchandise
44
Nonmonetary gold
45
Services
46
Manufacturing services on physical inputs owned by others
47
Maintenance and repair services n.i.e.
48
Transport
49
Travel (for all purposes including education) ¹
50
Construction
51
Insurance services
52
Financial services
53
Charges for the use of intellectual property n.i.e.
54
Telecommunications, computer, and information services
55
Other business services
56
Personal, cultural, and recreational services
57
Government goods and services n.i.e.
58
Primary income payments
59
Investment income
60
Direct investment income
61
Portfolio investment income
62
Other investment income
63
Compensation of employees
64
Secondary income (current transfer) payments ²
Capital account
65 Capital transfer receipts and other credits
66 Capital transfer payments and other debits

2022

2023

Change:
2022 to
2023

Seasonally adjusted
Q2

2023
Q3

p

Change:
2024:Q1 to Line
2024:Q2

2024
Q4

Q1

r

Q2

4,412,523
3,039,405
2,090,339
2,048,474
179,866
810,945
573,183
162,978
244,446
77,055
1,116
40,749
949,065
n.a.
14,416
92,405
142,909
1,948
23,987
167,445
137,833
64,717
246,416
27,711
29,279
1,184,423
1,177,016
608,090
460,660
106,102
2,164
7,407
188,696
5,424,621
3,984,167
3,270,281
3,244,147
209,533
808,406
870,068
398,974
839,085
118,081
26,133
713,886
n.a.
5,453
157,711
118,623
2,146
62,305
57,479
60,988
55,107
138,765
29,761
25,547
1,068,464
1,043,677
319,341
590,343
133,994
24,786
371,990

4,645,183
3,071,816
2,045,221
2,006,057
161,887
719,559
602,636
180,039
259,027
82,910
1,150
38,014
1,026,596
n.a.
15,948
97,779
189,134
1,529
24,985
175,461
134,442
70,629
253,190
30,732
32,767
1,376,721
1,368,986
629,178
494,728
237,362
7,719
7,735
196,646
5,550,559
3,856,707
3,108,509
3,077,158
201,474
668,395
865,034
459,404
757,458
125,392
31,351
748,198
n.a.
6,470
142,874
158,678
1,594
64,607
62,691
47,537
60,142
145,074
33,013
25,517
1,309,692
1,282,578
307,173
675,028
300,376
27,114
384,160

232,660
32,411
-45,118
-42,417
-17,979
-91,386
29,453
17,061
14,581
5,855
34
-2,735
77,531
n.a.
1,532
5,374
46,225
-419
998
8,016
-3,391
5,912
6,774
3,021
3,488
192,298
191,970
21,088
34,068
131,260
5,555
328
7,950
125,938
-127,460
-161,772
-166,989
-8,059
-140,011
-5,034
60,430
-81,627
7,311
5,218
34,312
n.a.
1,017
-14,837
40,055
-552
2,302
5,212
-13,451
5,035
6,309
3,252
-30
241,228
238,901
-12,168
84,685
166,382
2,328
12,170

1,140,821
752,913
497,038
488,336
38,425
172,900
148,046
44,897
63,708
20,361
147
8,555
255,875
n.a.
4,022
24,261
46,281
336
6,280
42,996
33,828
17,985
63,466
7,617
8,804
338,467
336,539
151,598
125,372
57,685
1,884
1,928
49,441
1,373,424
956,541
771,030
758,942
49,312
163,462
214,554
113,247
187,217
31,151
12,088
185,511
n.a.
1,625
35,803
39,354
381
15,737
15,682
11,572
14,643
36,079
8,188
6,447
320,540
313,759
71,689
169,033
73,038
6,781
96,342

1,177,040
774,070
515,998
503,121
38,782
177,955
152,541
47,306
65,478
21,059
226
12,651
258,072
n.a.
3,801
24,324
48,490
369
6,141
44,444
33,083
17,678
63,429
7,896
8,415
355,262
353,318
164,010
124,310
62,862
2,137
1,944
47,707
1,397,698
960,531
773,827
766,829
50,528
162,070
215,281
117,774
189,739
31,436
6,998
186,703
n.a.
1,516
34,945
39,615
388
16,755
15,979
11,920
15,552
35,179
8,516
6,338
338,382
331,562
79,012
173,247
79,303
6,820
98,786

1,184,412
777,201
513,869
504,160
41,073
182,322
153,835
43,949
62,625
20,356
643
9,065
263,332
n.a.
4,440
24,867
50,947
439
6,343
44,286
33,878
18,068
65,040
7,776
7,250
354,894
352,938
159,851
124,952
66,027
2,107
1,957
52,317
1,406,196
971,202
778,485
771,465
50,459
164,812
218,151
118,749
187,788
31,506
7,020
192,717
n.a.
1,832
35,199
42,033
433
17,150
15,564
12,826
15,246
37,820
8,258
6,354
339,413
332,453
78,484
171,614
82,355
6,961
95,581

1,195,157
785,350
516,760
504,884
42,081
181,180
155,142
43,183
63,454
19,844
1,068
10,808
268,590
n.a.
4,953
25,939
52,412
426
6,188
47,055
34,712
19,627
64,607
6,698
5,974
359,632
357,677
160,011
127,790
67,963
1,913
1,956
50,176
1,436,142
988,590
793,707
789,393
52,884
165,108
227,489
120,441
192,460
31,011
4,314
194,884
n.a.
1,973
37,499
43,707
398
16,873
14,980
12,378
14,512
37,904
8,316
6,344
352,956
346,103
84,007
177,540
84,556
6,854
94,595

1,200,011
788,370
516,708
508,785
38,944
177,963
159,358
44,348
67,217
20,954
935
6,988
271,662
n.a.
5,202
26,658
53,127
515
6,350
46,518
35,112
18,384
67,494
7,110
5,191
362,377
360,414
159,746
129,615
68,771
2,282
1,963
49,264
1,466,798
1,011,595
813,854
809,110
52,606
167,657
238,383
122,119
195,600
32,745
4,744
197,741
n.a.
1,829
38,211
43,732
582
17,646
15,034
13,278
14,425
38,509
8,120
6,375
361,254
354,221
85,943
182,324
85,955
7,033
93,948

4,854
3,020
-52
3,901
-3,137
-3,217
4,216
1,165
3,763
1,110
-133
-3,820
3,072
n.a.
249
719
715
89
162
-537
400
-1,243
2,887
412
-783
2,745
2,737
-265
1,825
808
369
7
-912
30,656
23,005
20,147
19,717
-278
2,549
10,894
1,678
3,140
1,734
430
2,857
n.a.
-144
712
25
184
773
54
900
-87
605
-196
31
8,298
8,118
1,936
4,784
1,399
179
-647

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64

8,397
8,578

82
6,402

-8,315
-2,176

7
1,068

17
1,011

15
1,760

44
1,856

6
1,476

-38
-380

65
66

Page 7 of 22

September 19, 2024

Table 1. U.S. International Transactions—Table Ends
[Millions of dollars]
Line
Financial account
67 Net U.S. acquisition of financial assets excluding financial derivatives (net increase in assets /
financial outflow (+))
68
Direct investment assets
69
Equity
70
Debt instruments
71
Portfolio investment assets
72
Equity and investment fund shares
73
Debt securities
74
Short term
75
Long term
76
Other investment assets
77
Other equity
78
Currency and deposits
79
Loans
80
Insurance technical reserves
81
Trade credit and advances
82
Reserve assets
83
Monetary gold
84
Special drawing rights
85
Reserve position in the International Monetary Fund
86
Other reserve assets
87
Currency and deposits
88
Securities
89
Financial derivatives
90
Other claims
91 Net U.S. incurrence of liabilities excluding financial derivatives (net increase in liabilities /
financial inflow (+))
92
Direct investment liabilities
93
Equity
94
Debt instruments
95
Portfolio investment liabilities
96
Equity and investment fund shares
97
Debt securities
98
Short term
99
Long term
100
Other investment liabilities
101
Other equity
102
Currency and deposits
103
Loans
104
Insurance technical reserves
105
Trade credit and advances
106
Special drawing rights allocations
107 Financial derivatives other than reserves, net transactions ³
Statistical discrepancy
108 Statistical discrepancy ⁴

2022

2023

Change:
2022 to
2023

Seasonally adjusted
Q2

2023
Q3

2024
Q4

Q1

r

Q2

p

Change:
2024:Q1 to Line
2024:Q2

747,109
388,510
378,952
9,558
322,719
159,463
163,255
-91,668
254,923
30,066
2,370
146,765
-112,056
n.a.
-7,012
5,814
0
4,966
820
28
-21
49
0
0

978,604
454,085
359,956
94,129
81,562
-4,691
86,253
-25,772
112,025
442,916
1,848
31,359
407,397
n.a.
2,312
41
0
4,624
-4,931
349
370
-22
0
0

231,495
65,575
-18,996
84,571
-241,157
-164,154
-77,002
65,896
-142,898
412,850
-522
-115,406
519,453
n.a.
9,324
-5,773
0
-342
-5,751
321
391
-71
0
0

209,246
78,657
72,286
6,370
53,042
39,376
13,666
-18,662
32,328
77,276
1,582
-28,545
106,083
n.a.
-1,844
272
0
812
-637
97
95
2
0
0

270,003
119,890
101,242
18,648
48,595
28,471
20,124
16,094
4,030
101,118
0
51,977
47,076
n.a.
2,065
400
0
1,713
-1,487
175
163
12
0
0

299,822
166,346
123,029
43,316
-38,689
-34,309
-4,380
-22,383
18,004
173,574
0
77,084
91,991
n.a.
4,498
-1,408
0
1,130
-2,596
58
72
-13
0
0

361,707
112,254
111,062
1,191
162,791
76,827
85,964
-35,850
121,814
84,154
5
-35,505
120,202
n.a.
-548
2,509
0
1,965
609
-65
106
-171
0
0

153,140
47,475
61,841
-14,366
109,445
30,501
78,944
-362
79,306
-4,459
1,783
27,703
-34,600
n.a.
655
679
0
1,038
-674
316
236
43
0
37

-208,567
-64,779
-49,221
-15,557
-53,346
-46,326
-7,020
35,488
-42,508
-88,613
1,778
63,208
-154,802
n.a.
1,203
-1,830
0
-927
-1,283
381
130
214
0
37

67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90

1,535,516
408,982
333,472
75,510
760,384
2,585
757,799
59,282
698,517
366,150
n.a.
138,476
211,350
n.a.
16,325
0
-80,698

1,887,085
348,784
306,282
42,502
1,231,077
133,014
1,098,063
132,089
965,974
307,224
n.a.
232,174
47,282
n.a.
27,768
0
-15,642

351,569
-60,198
-27,190
-33,008
470,693
130,429
340,264
72,807
267,457
-58,926
n.a.
93,698
-164,068
n.a.
11,443
0
65,056

309,433
88,890
58,503
30,387
392,385
49,737
342,648
10,830
331,818
-171,842
n.a.
-37,975
-138,667
n.a.
4,800
0
-4,741

467,099
66,740
67,465
-725
261,558
1,942
259,616
108,444
151,172
138,801
n.a.
27,621
104,119
n.a.
7,061
0
1,068

525,518
99,936
74,372
25,564
227,358
-6,530
233,888
20,662
213,227
198,223
n.a.
181,896
4,516
n.a.
11,811
0
-10,242

544,659
67,900
64,573
3,327
395,359
73,557
321,802
10,599
311,203
81,400
n.a.
-32,461
92,999
n.a.
20,862
0
-2,865

387,006
89,452
69,346
20,106
258,737
101,603
157,134
-13,230
170,365
38,816
n.a.
31,162
1,625
n.a.
6,029
0
-70,471

-157,653
21,552
4,773
16,779
-136,622
28,046
-164,668
-23,829
-140,838
-42,584
n.a.
63,623
-91,374
n.a.
-14,833
0
-67,606

91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107

143,174

-12,427

-155,601

128,736

25,624

-12,408

56,980

-36,081

-93,061 108

109 Balance on current account (line 1 less line 34) ⁵
-1,012,098
-905,376
106,722
-232,603
-220,659
-221,784
-240,984
-266,787
-25,803 109
110
Balance on goods and services (line 2 less line 35)
-944,762
-784,890
159,872
-203,628
-186,461
-194,001
-203,241
-223,225
-19,984 110
111
Balance on goods (line 3 less line 36)
-1,179,941 -1,063,288
116,653
-273,992
-257,829
-264,616
-276,947
-297,146
-20,199 111
112
Balance on services (line 13 less line 45)
235,179
278,398
43,219
70,364
71,369
70,616
73,706
73,921
215 112
113
Balance on primary income (line 26 less line 58)
115,959
67,029
-48,930
17,926
16,880
15,481
6,676
1,122
-5,554 113
114
Balance on secondary income (line 33 less line 64)
-183,295
-187,515
-4,220
-46,901
-51,078
-43,264
-44,419
-44,684
-265 114
115 Balance on capital account (line 65 less line 66) ⁵
-181
-6,320
-6,139
-1,061
-994
-1,745
-1,813
-1,470
343 115
Net
lending
(+)
or
net
borrowing
(–)
from
currentand
capital-account
transactions
(line
109
plus
116
line 115) ⁶
-1,012,279
-911,696
100,583
-233,664
-221,653
-223,529
-242,797
-268,257
-25,460 116
117 Net lending (+) or net borrowing (–) from financial-account transactions (line 67 less line 91 plus
line 107) ⁶
-869,105
-924,123
-55,018
-104,928
-196,028
-235,937
-185,817
-304,337
-118,520 117
p Preliminary r Revised n.i.e. Not included elsewhere 0 Transactions are possible but are zero for a given period. n.a. Transactions are possible, but data are not available.
1. All travel purposes include 1) business travel, including expenditures by border, seasonal, and other short-term workers and 2) personal travel, including health-related and education-related travel.
2. Secondary income (current transfer) receipts and payments include U.S. government and private transfers, such as U.S. government grants and pensions, fines and penalties, withholding taxes, personal transfers (remittances), insurancerelated transfers, and other current transfers.
3. Transactions for financial derivatives are only available as a net value equal to transactions for assets less transactions for liabilities. A positive value represents net U.S. cash payments arising from derivatives contracts, and a negative value
represents net U.S. cash receipts.
4. The statistical discrepancy, which can be calculated as line 117 less line 116, is the difference between total debits and total credits recorded in the current, capital, and financial accounts. In the current and capital accounts, credits and debits
are labeled in the table. In the financial account, an acquisition of an asset or a repayment of a liability is a debit, and an incurrence of a liability or a disposal of an asset is a credit.
5. Current- and capital-account statistics in the International Transactions Accounts differ slightly from statistics in the National Income and Product Accounts (NIPAs) because of adjustments made to convert the international transactions
statistics to national economic accounting concepts. A reconciliation between annual statistics in the two sets of accounts appears in table 4.3C of the NIPA Interactive Data Application.
6. Net lending means that U.S. residents are net suppliers of funds to foreign residents, and net borrowing means the opposite. Net lending or net borrowing can be computed from current- and capital-account transactions or from financialaccount transactions. The two amounts differ by the statistical discrepancy.
Note. Details may not add to totals because of rounding. See International Transactions Accounts table 1.3 at www.bea.gov/itable/international-transactions-services-and-investment-position for geographic detail.
U.S. Bureau of Economic Analysis

Page 8 of 22

September 19, 2024

Table 2. U.S. International Trade in Goods—Continues
[Millions of dollars]
Line
1 Exports of goods (table 1, line 3)
2
General merchandise
3
Net exports of goods under merchanting
4
Nonmonetary gold
5
General merchandise, all end-use commodities (line 2)
6
Foods, feeds, and beverages
7
Agricultural
8
Grains and preparations
9
Wheat
10
Corn
11
Rice and other food grains
12
Other feeds
13
Soybeans
14
Meat products and poultry
15
Vegetables, fruits, nuts, and preparations
16
Other agricultural foods, feeds, and beverages
17
Nonagricultural
18
Fish and shellfish
19
Distilled beverages and other nonagricultural foods, feeds, and beverages
20
Industrial supplies and materials
21
Agricultural
22
Raw cotton
23
Tobacco, unmanufactured
24
Hides and skins, including furskins
25
Other agricultural industrial supplies
26
Nonagricultural
27
Energy products
28
Petroleum and products
29
Crude
30
Fuel oil
31
Other petroleum products
32
Liquified petroleum gases
33
Coal and related products
34
Natural gas
35
Nuclear fuel and electric energy
36
Paper and paper-base stocks
37
Textile supplies and related materials
38
Chemicals except medicinals
39
Plastic materials
40
Fertilizers, pesticides, and insecticides
41
Industrial inorganic chemicals
42
Industrial organic chemicals
43
Other chemicals
44
Building materials except metals
45
Other nonmetals
46
Metals and nonmetallic products
47
Steelmaking materials
48
Iron and steel products
49
Nonferrous metals
50
Precious metals except nonmonetary gold
51
Bauxite and aluminum
52
Copper
53
Other nonferrous metals
54
Other metals and nonmetallic products

2022
2,090,339
2,048,474
1,116
40,749
2,048,474
179,866
171,216
44,772
8,525
19,770
1,836
14,641
35,439
26,545
25,810
38,649
8,651
5,633
3,018
810,945
24,508
8,941
853
1,133
13,581
786,437
417,276
327,458
117,071
65,942
106,358
38,087
25,195
62,952
1,672
25,505
13,410
160,883
50,206
15,736
13,228
39,709
42,003
15,246
41,901
112,216
10,496
19,604
47,884
18,930
10,181
9,619
9,154
34,233

2023
2,045,221
2,006,057
1,150
38,014
2,006,057
161,887
153,439
36,658
6,279
14,287
2,181
13,911
29,359
24,837
26,406
36,180
8,447
5,281
3,166
719,559
20,880
5,968
992
993
12,927
698,679
360,889
294,563
117,443
53,427
92,657
31,035
23,036
41,139
2,150
21,481
12,254
141,821
44,892
11,008
11,959
34,486
39,476
14,015
42,046
106,173
9,983
19,929
41,544
12,511
9,913
10,017
9,104
34,716

Page 9 of 22

Change:
2022 to
2023
-45,118
-42,417
34
-2,735
-42,417
-17,979
-17,777
-8,114
-2,246
-5,483
345
-730
-6,080
-1,708
596
-2,469
-204
-352
148
-91,386
-3,628
-2,973
139
-140
-654
-87,758
-56,387
-32,895
372
-12,515
-13,701
-7,052
-2,159
-21,813
478
-4,024
-1,156
-19,062
-5,314
-4,728
-1,269
-5,223
-2,527
-1,231
145
-6,043
-513
325
-6,340
-6,419
-268
398
-50
483

Seasonally adjusted
Q2

2023
Q3

2024
Q4

497,038
488,336
147
8,555
488,336
38,425
36,337
8,814
1,413
3,827
438
3,136
6,019
6,265
6,519
8,721
2,088
1,330
757
172,900
5,166
1,431
211
256
3,267
167,734
83,921
67,669
27,113
11,752
21,632
7,172
5,626
10,227
400
5,411
3,046
34,878
10,961
2,552
3,014
8,330
10,020
3,434
10,396
26,648
2,496
5,047
10,593
3,306
2,488
2,427
2,371
8,512

515,998
503,121
226
12,651
503,121
38,782
36,780
8,593
1,451
3,006
562
3,574
6,298
6,111
6,726
9,052
2,002
1,256
746
177,955
5,214
1,483
279
248
3,203
172,742
90,338
74,609
31,078
13,183
23,119
7,228
5,547
9,531
652
5,104
2,987
34,328
10,938
2,392
2,869
8,411
9,718
3,429
10,558
25,998
2,351
5,099
9,840
2,792
2,477
2,416
2,155
8,709

513,869
504,160
643
9,065
504,160
41,073
39,112
9,884
1,478
3,801
709
3,897
6,842
6,348
6,871
9,168
1,961
1,289
672
182,322
5,266
1,657
209
243
3,157
177,056
93,557
77,531
31,384
14,397
23,653
8,096
5,976
9,560
491
5,159
3,019
35,383
11,261
2,698
2,790
8,849
9,784
3,549
10,528
25,860
2,559
4,756
9,848
2,586
2,461
2,632
2,169
8,697

r

Q1
516,760
504,884
1,068
10,808
504,884
42,081
39,774
9,362
1,551
3,549
678
3,585
7,279
6,408
7,198
9,527
2,306
1,300
1,006
181,180
5,198
1,484
233
222
3,259
175,982
92,796
77,441
30,430
14,162
24,275
8,574
5,760
8,732
864
5,328
2,980
34,384
11,550
2,501
2,562
7,996
9,775
3,607
10,818
26,068
2,272
5,040
9,927
2,540
2,532
2,542
2,314
8,829

p

Q2
516,708
508,785
935
6,988
508,785
38,944
36,791
8,355
1,367
3,444
560
2,984
5,361
6,377
7,074
9,623
2,153
1,288
866
177,963
4,925
1,019
523
242
3,140
173,038
89,589
76,077
31,556
13,909
22,518
8,094
4,973
8,022
516
5,482
2,898
34,058
11,334
2,656
2,720
7,807
9,541
3,518
11,054
26,440
2,230
4,868
10,450
2,766
2,493
2,834
2,358
8,892

Change:
2024:Q1 to Line
2024:Q2
-52
3,901
-133
-3,820
3,901
-3,137
-2,983
-1,007
-184
-105
-118
-601
-1,918
-31
-124
96
-153
-12
-140
-3,217
-273
-465
290
20
-119
-2,944
-3,207
-1,364
1,126
-253
-1,757
-480
-787
-710
-348
154
-82
-326
-216
155
158
-189
-234
-89
236
372
-42
-172
523
226
-39
292
44
63

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54

September 19, 2024

Table 2. U.S. International Trade in Goods—Continues
[Millions of dollars]
Line
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104

Capital goods except automotive
Machinery and equipment except consumer-type
Electric-generating machinery, electric apparatus, and parts
Oil-drilling, mining, and construction machinery
Industrial engines, pumps, and compressors
Machine tools and metalworking machinery
Measuring, testing, and control instruments
Other industrial machinery
Other service-industry and agricultural machinery
Computers
Computer accessories, peripherals, and parts
Semiconductors
Telecommunications equipment
Other office and business machines
Scientific, hospital, and medical equipment and parts
Civilian aircraft, engines, and parts
Civilian aircraft, complete, all types
Engines and parts
Other transportation equipment
Automotive vehicles, parts, and engines
To Canada
Passenger cars, new and used
Trucks, buses, and special purpose vehicles
Engines and engine parts
Other parts and accessories
To other areas
Passenger cars, new and used
Trucks, buses, and special purpose vehicles
Engines and engine parts
Other parts and accessories
Consumer goods except food and automotive
Nondurable goods
Apparel, footwear, and household goods
Medicinal, dental, and pharmaceutical products
Toiletries and cosmetics
Other nondurable goods
Durable goods
Televisions, video receivers, and other video equipment
Radio and stereo equipment, including recorded media
Toys and sporting goods, including bicycles
Household and kitchen appliances and other household goods
Household furnishings and related products
Household and kitchen appliances
Other household goods, including cell phones
Jewelry and collectibles
Gem diamonds and other gemstones
Other durable goods
Other general merchandise
Net exports of goods under merchanting (line 3)
Nonmonetary gold (line 4)

2022

2023

573,183
473,292
63,188
19,673
26,735
6,876
27,603
98,525
20,477
18,404
31,521
66,907
34,632
2,069
56,682
94,440
29,176
65,263
5,451
162,978
63,011
17,385
20,777
5,446
19,403
99,968
40,790
5,434
15,140
38,605
244,446
129,072
12,544
89,364
14,355
12,809
115,374
2,891
3,877
11,821
47,394
5,475
7,482
34,436
23,418
20,594
5,379
77,055
1,116
40,749

602,636
482,817
68,472
23,337
29,722
7,519
28,876
94,903
21,913
19,851
29,103
57,472
39,204
1,960
60,482
113,903
35,865
78,038
5,916
180,039
68,168
15,444
22,360
7,110
23,254
111,871
46,753
7,570
14,246
43,302
259,027
140,490
12,321
100,903
15,038
12,228
118,537
2,540
3,844
10,873
48,303
5,312
7,337
35,654
26,091
20,721
6,166
82,910
1,150
38,014

Page 10 of 22

Change:
2022 to
2023
29,453
9,525
5,284
3,664
2,987
643
1,273
-3,622
1,436
1,447
-2,418
-9,435
4,572
-109
3,800
19,463
6,689
12,775
465
17,061
5,157
-1,941
1,583
1,664
3,851
11,903
5,963
2,136
-894
4,697
14,581
11,418
-223
11,539
683
-581
3,163
-351
-33
-948
909
-163
-145
1,218
2,673
127
787
5,855
34
-2,735

Q2
148,046
118,558
16,871
5,260
7,386
1,886
7,108
23,504
5,538
4,930
7,131
13,897
9,364
507
15,177
27,876
8,506
19,371
1,612
44,897
16,986
3,841
5,480
1,793
5,873
27,911
11,574
1,777
3,554
11,006
63,708
34,209
3,100
24,354
3,740
3,015
29,498
653
1,005
2,715
11,903
1,311
1,783
8,809
6,455
5,411
1,355
20,361
147
8,555

Seasonally adjusted
Change:
2023
2024
2024:Q1 to Line
r
p
2024:Q2
Q3
Q4
Q1
Q2
152,541
153,835
155,142
159,358
4,216 55
121,886
121,857
123,393
127,732
4,339 56
17,292
17,439
17,283
18,121
838 57
6,932
5,561
5,462
5,126
-336 58
7,751
7,462
7,940
7,756
-184 59
1,843
1,890
1,875
1,712
-163 60
6,988
7,661
7,299
7,432
133 61
23,547
24,244
24,277
24,207
-70 62
5,501
5,229
5,303
5,127
-176 63
4,912
5,174
5,504
7,598
2,094 64
7,288
7,344
8,687
9,675
988 65
14,428
14,373
14,149
15,365
1,216 66
9,822
9,989
10,106
9,874
-232 67
477
474
490
545
55 68
15,104
15,018
15,017
15,196
179 69
29,204
30,508
30,359
30,074
-285 70
9,186
10,097
8,362
7,896
-466 71
20,018
20,411
21,997
22,178
181 72
1,452
1,471
1,390
1,552
162 73
47,306
43,949
43,183
44,348
1,165 74
18,120
16,747
16,195
16,904
709 75
3,678
3,920
4,318
4,285
-33 76
6,398
5,445
4,562
5,471
909 77
1,883
1,763
1,755
1,807
52 78
6,160
5,619
5,560
5,341
-219 79
29,186
27,202
26,988
27,445
457 80
12,657
11,234
11,055
11,136
81 81
2,134
1,883
1,794
1,775
-19 82
3,508
3,547
3,546
3,699
153 83
10,888
10,537
10,594
10,835
241 84
65,478
62,625
63,454
67,217
3,763 85
35,674
33,837
34,912
39,130
4,218 86
3,055
3,050
2,989
3,070
81 87
25,816
24,059
25,008
29,162
4,154 88
3,741
3,703
3,870
3,850
-20 89
3,063
3,025
3,046
3,047
1 90
29,804
28,789
28,542
28,087
-455 91
678
586
672
725
53 92
929
895
1,105
1,021
-84 93
2,744
2,704
2,642
2,581
-61 94
12,274
12,071
12,079
11,879
-200 95
1,338
1,339
1,345
1,352
7 96
1,868
1,859
1,838
1,823
-15 97
9,069
8,873
8,896
8,704
-192 98
6,647
6,168
6,327
6,326
-1 99
5,131
4,550
4,190
4,225
35 100
1,401
1,815
1,528
1,330
-198 101
21,059
20,356
19,844
20,954
1,110 102
226
643
1,068
935
-133 103
12,651
9,065
10,808
6,988
-3,820 104

September 19, 2024

Table 2. U.S. International Trade in Goods—Continues
[Millions of dollars]
Line
105 Imports of goods (table 1, line 36)
106
General merchandise
107
Nonmonetary gold
108
General merchandise, all end-use commodities (line 106)
109
Foods, feeds, and beverages
110
Agricultural
111
Green coffee
112
Cocoa beans and sugar
113
Meat products and poultry
114
Vegetables, fruits, nuts, and preparations
115
Wine, beer, and related products
116
Other agricultural foods, feeds, and beverages
117
Nonagricultural
118
Fish and shellfish
119
Distilled beverages and other nonagricultural foods, feeds, and beverages
120
Industrial supplies and materials
121
Agricultural
122
Nonagricultural
123
Energy products
124
Petroleum and products
125
Crude
126
Fuel oil
127
Other petroleum products
128
Liquified petroleum gases
129
Coal and related products
130
Natural gas
131
Nuclear fuel and electric energy
132
Paper and paper-base stocks
133
Textile supplies and related materials
134
Chemicals except medicinals
135
Plastic materials
136
Fertilizers, pesticides, and insecticides
137
Industrial inorganic chemicals
138
Industrial organic chemicals
139
Other chemicals
140
Building materials except metals
141
Other nonmetals
142
Metals and nonmetallic products
143
Steelmaking materials
144
Iron and steel products
145
Nonferrous metals
146
Precious metals except nonmonetary gold
147
Bauxite and aluminum
148
Other nonferrous metals
149
Other metals and nonmetallic products

2022
3,270,281
3,244,147
26,133
3,244,147
209,533
165,505
7,614
3,108
16,804
49,452
14,707
73,820
44,028
29,809
14,219
808,406
18,060
790,346
341,300
309,030
202,187
37,286
65,032
4,525
3,209
20,180
8,881
16,479
17,253
126,093
26,630
22,245
14,293
39,114
23,812
57,074
51,280
180,867
13,373
60,794
67,325
21,864
23,906
21,554
39,375

2023
3,108,509
3,077,158
31,351
3,077,158
201,474
163,767
5,925
3,161
16,811
50,699
14,136
73,036
37,707
25,142
12,565
668,395
17,706
650,689
284,371
259,643
169,463
27,338
59,506
3,336
4,294
11,187
9,247
13,767
14,469
100,549
20,165
16,024
14,594
31,032
18,735
43,735
45,957
147,841
9,958
49,651
53,232
16,237
17,517
19,478
35,000

Page 11 of 22

Change:
2022 to
2023
-161,772
-166,989
5,218
-166,989
-8,059
-1,738
-1,689
53
7
1,247
-571
-784
-6,321
-4,667
-1,654
-140,011
-354
-139,657
-56,929
-49,387
-32,724
-9,948
-5,526
-1,189
1,085
-8,993
366
-2,712
-2,784
-25,544
-6,465
-6,221
301
-8,082
-5,077
-13,339
-5,323
-33,026
-3,415
-11,143
-14,093
-5,627
-6,389
-2,076
-4,375

Q2
771,030
758,942
12,088
758,942
49,312
40,046
1,546
791
3,884
12,532
3,498
17,795
9,266
6,243
3,023
163,462
4,163
159,299
64,825
59,314
38,304
6,363
13,878
769
1,054
2,310
2,147
3,371
3,621
25,921
5,013
4,117
3,911
8,247
4,633
10,551
11,434
39,576
2,795
12,776
14,856
4,454
4,708
5,694
9,149

Seasonally adjusted
2023
Q3
Q4
773,827
778,485
766,829
771,465
6,998
7,020
766,829
771,465
50,528
50,459
41,282
41,220
1,558
1,331
692
691
4,407
4,562
12,801
12,795
3,458
3,504
18,366
18,336
9,246
9,239
6,258
6,024
2,989
3,215
162,070
164,812
4,479
4,589
157,592
160,223
69,679
74,612
64,278
68,842
42,221
46,453
6,329
6,829
14,909
14,688
819
872
1,085
967
2,259
2,329
2,057
2,475
3,152
3,151
3,587
3,591
24,076
22,262
4,874
4,845
3,692
3,479
3,384
3,411
7,592
6,030
4,535
4,497
10,890
11,387
11,314
11,571
34,892
33,650
2,183
2,255
12,119
11,833
12,533
11,317
3,840
3,477
4,137
4,173
4,556
3,667
8,058
8,244

2024
r

Q1
793,707
789,393
4,314
789,393
52,884
43,415
1,287
1,152
4,791
13,457
3,791
18,937
9,469
6,130
3,339
165,108
4,706
160,401
69,319
63,279
42,012
6,384
14,054
829
1,039
2,432
2,568
3,629
3,708
23,783
5,265
3,813
3,282
6,686
4,736
11,837
11,988
36,138
2,475
13,006
11,450
3,138
4,205
4,106
9,208

p

Q2
813,854
809,110
4,744
809,110
52,606
43,095
1,560
807
4,685
13,036
3,815
19,192
9,511
6,341
3,170
167,657
4,577
163,080
72,501
67,006
45,173
6,167
14,736
930
878
1,765
2,851
3,699
3,626
23,976
5,258
3,869
3,324
6,756
4,769
11,234
12,127
35,917
2,184
12,688
11,968
3,579
4,111
4,278
9,077

Change:
2024:Q1 to
2024:Q2
20,147
19,717
430
19,717
-278
-320
273
-345
-106
-421
24
255
42
211
-169
2,549
-129
2,679
3,182
3,727
3,161
-217
682
101
-161
-667
283
70
-82
193
-7
56
42
70
33
-603
139
-221
-291
-318
518
441
-94
172
-131

Line
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149

September 19, 2024

Table 2. U.S. International Trade in Goods—Table Ends
[Millions of dollars]
Line

2022

2023

Change:
2022 to
2023
-5,034
-13,889
9,306
3,536
473
1,014
1,940
3,988
-3,935
-13,819
-10,295
-5,286
-992
-594
773
7,593
1,065
6,528
1,261
60,430
13,411
8,357
3,490
664
900
47,020
32,643
7,548
561
6,267
-81,627
-26,598
-38,858
13,460
1,293
-2,495
-55,029
-2,352
-1,794
-12,952
-30,883
-11,044
-3,807
-16,031
-1,071
-4,585
-1,391
7,311
5,218
116,653

Q2
214,554
199,303
33,975
8,909
7,801
3,650
6,789
33,415
11,285
22,381
16,292
17,922
19,451
1,154
16,277
13,045
3,380
9,665
2,206
113,247
15,581
8,479
2,020
989
4,093
97,665
41,868
13,388
7,300
35,109
187,217
93,698
34,792
47,546
4,464
6,895
93,519
4,998
3,948
13,195
52,251
9,807
9,198
33,247
9,847
6,134
3,145
31,151
12,088
-273,992

Seasonally adjusted
2023
Q3
Q4
215,281
218,151
199,038
200,983
33,926
34,531
8,485
8,373
7,753
7,647
3,817
3,643
6,783
6,920
33,137
33,550
11,114
10,666
21,691
22,387
17,135
17,813
18,262
17,697
19,249
19,518
1,174
1,217
16,511
17,022
14,225
15,066
3,718
3,831
10,507
11,235
2,018
2,102
117,774
118,749
16,405
16,049
8,951
8,578
2,352
2,739
988
873
4,114
3,860
101,369
102,699
43,999
45,059
13,560
13,592
7,578
7,426
36,233
36,622
189,739
187,788
96,679
96,694
33,041
32,423
52,470
52,960
4,505
4,590
6,663
6,722
93,060
91,094
4,760
4,411
3,695
3,601
13,659
12,255
53,299
53,314
9,700
10,165
9,572
9,908
34,028
33,241
8,887
8,913
5,652
5,552
3,109
3,048
31,436
31,506
6,998
7,020
-257,829
-264,616

2024
r

Q1
227,489
209,444
34,160
7,275
7,896
4,024
7,155
35,534
11,211
26,090
19,339
18,418
19,926
1,194
17,222
15,591
4,098
11,493
2,455
120,441
15,762
8,320
2,526
840
4,076
104,679
45,341
14,337
7,767
37,234
192,460
101,896
35,057
54,541
5,033
7,265
90,564
4,635
3,783
12,347
52,549
10,659
9,599
32,291
9,096
5,131
3,023
31,011
4,314
-276,947

p

Q2
238,383
220,705
34,239
7,418
8,030
3,973
7,105
34,813
11,097
29,857
23,747
20,919
20,959
1,243
17,305
14,953
4,874
10,079
2,724
122,119
14,227
6,798
2,363
809
4,256
107,891
49,078
13,909
7,633
37,272
195,600
106,186
34,070
59,606
5,188
7,322
89,414
4,799
4,081
11,940
51,666
10,010
9,642
32,014
9,200
4,863
2,865
32,745
4,744
-297,146

150
Capital goods except automotive
870,068
865,034
151
Machinery and equipment except consumer-type
815,211
801,322
152
Electric-generating machinery, electric apparatus and parts
128,361
137,667
153
Oil-drilling, mining, and construction machinery
31,339
34,875
154
Industrial engines, pumps, and compressors
30,574
31,047
155
Machine tools and metalworking machinery
14,020
15,034
156
Measuring, testing, and control instruments
25,223
27,163
157
Other industrial machinery
128,873
132,861
158
Other service-industry and agricultural machinery
48,449
44,514
159
Computers
102,274
88,455
160
Computer accessories, peripherals, and parts
77,487
67,192
161
Semiconductors
78,208
72,922
162
Telecommunications equipment
79,685
78,693
163
Other office and business machines
5,422
4,828
164
Scientific, hospital, and medical equipment and parts
65,298
66,071
165
Civilian aircraft, engines, and parts
47,688
55,281
166
Civilian aircraft, complete, all types
13,247
14,312
167
Engines and parts
34,441
40,969
168
Other transportation equipment
7,169
8,430
169
Automotive vehicles, parts, and engines
398,974
459,404
170
From Canada
49,592
63,003
171
Passenger cars, new and used
25,711
34,068
172
Trucks, buses, and special purpose vehicles
5,654
9,144
173
Engines and engine parts
3,115
3,779
174
Other parts and accessories
15,112
16,012
175
From other areas
349,382
396,402
176
Passenger cars, new and used
137,172
169,815
177
Trucks, buses, and special purpose vehicles
47,476
55,024
178
Engines and engine parts
28,877
29,438
179
Other parts and accessories
135,857
142,124
180
Consumer goods except food and automotive
839,085
757,458
181
Nondurable goods
411,148
384,550
182
Apparel, footwear, and household goods
175,036
136,178
183
Medicinal, dental, and pharmaceutical products
189,768
203,228
184
Toiletries and cosmetics
16,711
18,004
185
Other nondurable goods
29,634
27,139
186
Durable goods
427,937
372,908
187
Televisions, video receivers, and other video equipment
21,510
19,158
188
Radio and stereo equipment, including recorded media
16,829
15,035
189
Toys and sporting goods, including bicycles
65,958
53,006
190
Household and kitchen appliances and other household goods
243,988
213,105
191
Household furnishings and related products
50,611
39,567
192
Household and kitchen appliances
41,674
37,867
193
Other household goods, including cell phones
151,703
135,672
194
Jewelry and collectibles
37,586
36,515
195
Gem diamonds and other gemstones
28,121
23,536
196
Other durable goods
13,944
12,553
197
Other general merchandise
118,081
125,392
198
Nonmonetary gold (line 107)
26,133
31,351
199 Balance on goods (line 1 less line 105)
-1,179,941 -1,063,288
p Preliminary r Revised
Note. Details may not add to totals because of rounding. See International Transactions Accounts tables 2.2 and 2.3 at www.bea.gov/itable/international-transactions-services-and-investment-position for geographic detail.
U.S. Bureau of Economic Analysis

Page 12 of 22

Change:
2024:Q1 to
2024:Q2
10,894
11,261
79
143
134
-51
-50
-721
-114
3,767
4,408
2,501
1,033
49
83
-638
776
-1,414
269
1,678
-1,535
-1,522
-163
-31
180
3,212
3,737
-428
-134
38
3,140
4,290
-987
5,065
155
57
-1,150
164
298
-407
-883
-649
43
-277
104
-268
-158
1,734
430
-20,199

Line
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199

September 19, 2024

Table 3. U.S. International Trade in Services—Continues
[Millions of dollars]
Line
1 Exports of services (table 1, line 13)
2
Manufacturing services on physical inputs owned by others
3
Maintenance and repair services n.i.e.
4
Transport
5
Sea transport
6
Freight
7
Port
8
Air transport
9
Passenger
10
Freight
11
Port
12
Other modes of transport
13
Travel (for all purposes including education) ¹
14
Business
15
Expenditures by border, seasonal, and other short-term workers
16
Other business travel
17
Personal
18
Health related
19
Education related
20
Other personal travel
21
Construction
22
Construction abroad
23
Foreign contractors' expenditures in the United States
24
Insurance services
25
Direct insurance
26
Reinsurance
27
Auxiliary insurance services
28
Financial services
29
Explicitly charged and other financial services
30
Brokerage and market-making services
31
Underwriting and private placement services
32
Credit card and other credit-related services
33
Financial management services
34
Financial advisory and custody services
35
Securities lending, electronic funds transfer, and other services
36
Financial intermediation services indirectly measured
37
Charges for the use of intellectual property n.i.e.
38
Franchises and trademarks licensing fees
39
Licenses for the use of outcomes of research and development ²
40
Licenses to reproduce and/or distribute computer software
41
Licenses to reproduce and/or distribute audiovisual products
42
Telecommunications, computer, and information services
43
Telecommunications services
44
Computer services
45
Information services
46
Other business services
47
Research and development services
48
Professional and management consulting services
49
Technical, trade-related, and other business services ³
50
Personal, cultural, and recreational services
51
Audiovisual services
52
Artistic-related services
53
Other personal, cultural, and recreational services
54
Government goods and services n.i.e.

2022
949,065
n.a.
14,416
92,405
22,162
5,891
16,272
65,025
29,177
24,590
11,259
5,217
142,909
29,485
13,307
16,178
113,425
483
39,816
73,125
1,948
1,948
n.a.
23,987
2,175
18,514
3,297
167,445
144,849
10,069
2,168
32,803
64,748
6,929
28,131
22,596
137,833
27,110
68,084
38,260
4,380
64,717
7,971
46,969
9,777
246,416
56,835
145,554
44,026
27,711
20,715
517
6,478
29,279

2023
1,026,596
n.a.
15,948
97,779
19,790
4,704
15,086
72,764
36,747
23,110
12,907
5,225
189,134
37,912
14,650
23,262
151,223
920
50,197
100,106
1,529
1,529
n.a.
24,985
2,526
19,318
3,140
175,461
148,911
10,416
2,364
38,070
61,973
6,842
29,246
26,550
134,442
27,935
64,132
36,888
5,487
70,629
9,329
50,328
10,972
253,190
54,758
150,444
47,988
30,732
24,730
635
5,366
32,767

Page 13 of 22

Change:
2022 to
2023
77,531
n.a.
1,532
5,374
-2,372
-1,187
-1,186
7,739
7,570
-1,480
1,648
8
46,225
8,427
1,343
7,084
37,798
437
10,381
26,981
-419
-419
n.a.
998
351
804
-157
8,016
4,062
347
196
5,267
-2,775
-87
1,115
3,954
-3,391
825
-3,952
-1,372
1,107
5,912
1,358
3,359
1,195
6,774
-2,077
4,890
3,962
3,021
4,015
118
-1,112
3,488

Seasonally adjusted
Q2

2023
Q3

2024
Q4

255,875
n.a.
4,022
24,261
4,773
1,148
3,624
18,120
9,246
5,535
3,339
1,369
46,281
9,441
3,665
5,776
36,839
215
12,148
24,477
336
336
n.a.
6,280
632
4,870
778
42,996
36,246
2,463
620
9,415
14,890
1,637
7,222
6,750
33,828
6,983
16,114
9,284
1,446
17,985
2,325
12,669
2,991
63,466
13,580
37,801
12,085
7,617
5,984
117
1,515
8,804

258,072
n.a.
3,801
24,324
4,928
1,176
3,752
18,274
9,252
5,837
3,185
1,122
48,490
9,587
3,680
5,907
38,903
245
13,363
25,296
369
369
n.a.
6,141
645
4,711
785
44,444
37,715
2,585
654
9,716
15,689
1,717
7,354
6,729
33,083
6,948
15,616
9,074
1,445
17,678
2,376
12,562
2,740
63,429
13,964
38,038
11,427
7,896
6,383
172
1,342
8,415

263,332
n.a.
4,440
24,867
4,958
1,043
3,915
18,621
9,387
5,856
3,378
1,288
50,947
10,167
3,774
6,393
40,780
272
13,071
27,436
439
439
n.a.
6,343
644
4,908
792
44,286
38,085
2,463
595
9,767
16,041
1,712
7,506
6,201
33,878
6,971
16,407
9,086
1,414
18,068
2,425
12,812
2,831
65,040
14,137
37,778
13,125
7,776
6,504
180
1,091
7,250

r

Q1
268,590
n.a.
4,953
25,939
5,105
1,086
4,019
19,546
10,019
5,765
3,762
1,288
52,412
10,255
3,674
6,580
42,157
284
13,703
28,171
426
426
n.a.
6,188
659
4,827
702
47,055
40,465
2,694
925
10,403
16,894
1,791
7,757
6,590
34,712
7,460
16,901
8,950
1,400
19,627
2,472
14,294
2,862
64,607
12,389
39,535
12,682
6,698
5,384
188
1,126
5,974

p

Q2
271,662
n.a.
5,202
26,658
5,021
1,081
3,940
20,351
10,534
5,970
3,847
1,286
53,127
10,511
3,780
6,731
42,617
288
13,851
28,478
515
515
n.a.
6,350
685
4,976
689
46,518
40,132
2,826
830
10,730
16,347
1,683
7,717
6,386
35,112
7,018
17,125
9,581
1,388
18,384
2,379
13,214
2,792
67,494
13,620
41,991
11,883
7,110
5,838
179
1,093
5,191

Change:
2024:Q1 to Line
2024:Q2
3,072
n.a.
249
719
-84
-5
-79
805
515
205
85
-2
715
256
106
151
460
4
148
307
89
89
n.a.
162
26
149
-13
-537
-333
132
-95
327
-547
-108
-40
-204
400
-442
224
631
-12
-1,243
-93
-1,080
-70
2,887
1,231
2,456
-799
412
454
-9
-33
-783

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54

September 19, 2024

Table 3. U.S. International Trade in Services—Table Ends
[Millions of dollars]
Line

2022

2023

Change:
2022 to
2023
34,312
n.a.
1,017
-14,837
-31,687
-31,480
-209
16,977
18,572
-3,858
2,263
-127
40,055
4,187
197
3,989
35,868
473
2,449
32,945
-552
-603
51
2,302
1,850
347
105
5,212
4,831
-87
121
1,890
-352
7
3,251
381
-13,451
72
-12,648
-235
-638
5,035
1,172
2,575
1,288
6,309
-793
7,183
-80
3,252
2,779
273
198
-30
43,219

Seasonally adjusted
Change:
2023
2024
2024:Q1 to Line
r
p
2024:Q2
Q3
Q4
Q1
Q2
186,703
192,717
194,884
197,741
2,857 55
n.a.
n.a.
n.a.
n.a.
n.a. 56
1,516
1,832
1,973
1,829
-144 57
34,945
35,199
37,499
38,211
712 58
10,265
10,127
11,049
11,099
50 59
9,805
9,711
10,601
10,662
61 60
460
416
448
437
-11 61
23,626
24,024
25,388
26,067
679 62
16,244
16,635
17,552
17,983
431 63
2,042
2,100
2,296
2,378
82 64
5,340
5,289
5,540
5,706
166 65
1,054
1,048
1,061
1,046
-15 66
39,615
42,033
43,707
43,732
25 67
4,136
4,288
4,173
4,393
220 68
386
377
397
405
8 69
3,750
3,911
3,777
3,988
211 70
35,479
37,745
39,534
39,339
-195 71
290
299
309
321
12 72
3,041
3,003
3,062
3,186
124 73
32,147
34,443
36,163
35,832
-331 74
388
433
398
582
184 75
313
340
325
510
185 76
75
93
74
72
-2 77
16,755
17,150
16,873
17,646
773 78
2,261
2,246
2,145
2,266
121 79
13,877
14,291
14,079
14,724
645 80
617
613
649
656
7 81
15,979
15,564
14,980
15,034
54 82
12,964
13,327
12,813
13,032
219 83
1,433
1,505
1,628
1,576
-52 84
209
192
199
224
25 85
3,779
3,918
3,766
3,986
220 86
4,056
4,268
3,934
3,840
-94 87
1,128
1,152
1,158
1,274
116 88
2,360
2,293
2,128
2,133
5 89
3,015
2,237
2,167
2,002
-165 90
11,920
12,826
12,378
13,278
900 91
1,770
1,845
2,296
2,279
-17 92
6,109
6,638
6,525
7,435
910 93
3,133
3,377
2,699
2,666
-33 94
908
966
859
897
38 95
15,552
15,246
14,512
14,425
-87 96
2,411
1,590
1,449
1,445
-4 97
11,465
11,959
11,579
11,385
-194 98
1,676
1,696
1,485
1,595
110 99
35,179
37,820
37,904
38,509
605 100
8,323
8,600
8,720
8,796
76 101
17,620
19,510
19,186
19,199
13 102
9,236
9,710
9,998
10,515
517 103
8,516
8,258
8,316
8,120
-196 104
7,179
6,917
6,934
6,707
-227 105
556
568
603
630
27 106
781
773
778
783
5 107
6,338
6,354
6,344
6,375
31 108
71,369
70,616
73,706
73,921
215 109

Q2
55 Imports of services (table 1, line 45)
713,886
748,198
185,511
56
Manufacturing services on physical inputs owned by others
n.a.
n.a.
n.a.
57
Maintenance and repair services n.i.e.
5,453
6,470
1,625
58
Transport
157,711
142,874
35,803
59
Sea transport
76,084
44,397
11,273
60
Freight
74,064
42,584
10,804
61
Port
2,021
1,812
469
62
Air transport
77,296
94,273
23,474
63
Passenger
46,777
65,349
16,449
64
Freight
12,470
8,612
2,098
65
Port
18,049
20,312
4,926
66
Other modes of transport
4,331
4,204
1,056
67
Travel (for all purposes including education) ¹
118,623
158,678
39,354
68
Business
12,375
16,562
4,141
69
Expenditures by border, seasonal, and other short-term workers
1,328
1,525
385
70
Other business travel
11,047
15,036
3,756
71
Personal
106,248
142,116
35,213
72
Health related
612
1,085
265
73
Education related
8,709
11,158
2,603
74
Other personal travel
96,928
129,873
32,345
75
Construction
2,146
1,594
381
76
Construction in the United States
1,887
1,284
304
77
U.S. contractors' expenditures abroad
259
310
78
78
Insurance services
62,305
64,607
15,737
79
Direct insurance
6,821
8,671
2,155
80
Reinsurance
53,188
53,535
12,983
81
Auxiliary insurance services
2,296
2,401
598
82
Financial services
57,479
62,691
15,682
83
Explicitly charged and other financial services
46,306
51,137
12,669
84
Brokerage and market-making services
6,019
5,932
1,404
85
Underwriting and private placement services
651
772
198
86
Credit card and other credit-related services
12,956
14,846
3,650
87
Financial management services
16,580
16,228
4,055
88
Financial advisory and custody services
4,503
4,510
1,128
89
Securities lending, electronic funds transfer, and other services
5,599
8,850
2,234
90
Financial intermediation services indirectly measured
11,173
11,554
3,013
91
Charges for the use of intellectual property n.i.e.
60,988
47,537
11,572
92
Franchises and trademarks licensing fees
7,075
7,147
1,768
93
Licenses for the use of outcomes of research and development ²
36,363
23,715
5,709
94
Licenses to reproduce and/or distribute computer software
12,877
12,642
3,097
95
Licenses to reproduce and/or distribute audiovisual products
4,672
4,034
998
96
Telecommunications, computer, and information services
55,107
60,142
14,643
97
Telecommunications services
5,923
7,095
1,565
98
Computer services
44,697
47,272
11,781
99
Information services
4,487
5,775
1,297
100
Other business services
138,765
145,074
36,079
101
Research and development services
34,352
33,559
8,538
102
Professional and management consulting services
66,868
74,051
18,479
103
Technical, trade-related, and other business services ³
37,545
37,465
9,062
104
Personal, cultural, and recreational services
29,761
33,013
8,188
105
Audiovisual services
24,946
27,725
6,778
106
Artistic-related services
1,873
2,146
535
107
Other personal, cultural, and recreational services
2,943
3,141
875
108
Government goods and services n.i.e.
25,547
25,517
6,447
109 Balance on services (line 1 less line 55)
235,179
278,398
70,364
Supplemental detail on insurance transactions:
110 Premiums received
44,125
48,052
3,927
12,222
11,866
12,043
12,273
12,449
111 Losses paid
24,493
26,785
2,292
6,747
6,775
6,664
6,740
6,817
112 Premiums paid
158,505
166,225
7,720
40,065
43,864
45,171
45,592
46,246
113 Losses recovered
114,014
115,446
1,432
29,004
29,158
29,103
29,330
29,777
p Preliminary r Revised n.i.e. Not included elsewhere n.a. Transactions are possible, but data are not available.
1. All travel purposes include 1) business travel, including expenditures by border, seasonal, and other short-term workers and 2) personal travel, including health-related and education-related travel.
2. Outcomes of research and development include patents, industrial processes, and trade secrets.
3. Includes architectural and engineering services, waste treatment, operational leasing, trade-related, and other business services.
Note. Details may not add to totals because of rounding. See International Transactions Accounts tables 3.2 and 3.3 at www.bea.gov/itable/international-transactions-services-and-investment-position for geographic detail.
U.S. Bureau of Economic Analysis

Page 14 of 22

176
77
654
447

110
111
112
113

September 19, 2024

Table 4. U.S. International Transactions in Primary Income
[Millions of dollars]
Line

2022

2023

Change:
2022 to
2023

Seasonally adjusted
2023
Q3

2024
r

p

Q2
Q4
Q1
Q2
1 Primary income receipts (table 1, line 26)
1,184,423 1,376,721
192,298
338,467
355,262
354,894
359,632
362,377
2
Investment income
1,177,016 1,368,986
191,970
336,539
353,318
352,938
357,677
360,414
3
Direct investment income
608,090
629,178
21,088
151,598
164,010
159,851
160,011
159,746
4
Income on equity
592,200
604,061
11,861
145,243
157,642
153,233
152,807
152,523
5
Dividends and withdrawals
346,413
285,299
-61,114
77,831
69,341
45,554
70,788
97,877
6
Reinvested earnings
245,786
318,761
72,975
67,412
88,302
107,679
82,018
54,646
7
Interest
15,890
25,117
9,227
6,355
6,367
6,618
7,204
7,223
8
U.S. parents' receipts
9,165
15,572
6,407
3,762
3,969
4,233
4,768
4,610
9
U.S. affiliates' receipts
6,725
9,545
2,820
2,593
2,398
2,384
2,437
2,613
10
Portfolio investment income
460,660
494,728
34,068
125,372
124,310
124,952
127,790
129,615
11
Income on equity and investment fund shares
308,961
330,572
21,611
84,060
82,093
84,543
85,967
87,352
12
Dividends on equity other than investment fund shares
266,279
288,306
22,027
73,532
71,222
73,842
75,413
76,639
13
Income attributable to investment fund shareholders
42,682
42,266
-416
10,528
10,870
10,702
10,555
10,713
14
Interest on debt securities
151,699
164,156
12,457
41,312
42,218
40,409
41,823
42,263
15
Short term
9,630
24,251
14,621
6,044
6,303
6,269
5,839
5,596
16
Long term
142,069
139,905
-2,164
35,268
35,915
34,140
35,984
36,666
17
Other investment income
106,102
237,362
131,260
57,685
62,862
66,027
67,963
68,771
18
Interest ¹
90,771
221,987
131,216
53,923
58,994
61,997
64,321
64,993
19
Income attributable to insurance policyholders
15,331
15,375
44
3,762
3,867
4,030
3,642
3,778
20
Reserve asset income
2,164
7,719
5,555
1,884
2,137
2,107
1,913
2,282
21
Interest
2,164
7,719
5,555
1,884
2,137
2,107
1,913
2,282
22
Compensation of employees
7,407
7,735
328
1,928
1,944
1,957
1,956
1,963
23 Primary income payments (table 1, line 58)
1,068,464 1,309,692
241,228
320,540
338,382
339,413
352,956
361,254
24
Investment income
1,043,677 1,282,578
238,901
313,759
331,562
332,453
346,103
354,221
25
Direct investment income
319,341
307,173
-12,168
71,689
79,012
78,484
84,007
85,943
26
Income on equity
281,935
260,005
-21,930
60,124
66,838
66,308
71,744
74,232
27
Dividends and withdrawals
66,668
69,649
2,981
17,448
16,275
15,490
19,746
19,059
28
Reinvested earnings
215,267
190,356
-24,911
42,677
50,562
50,818
51,997
55,174
29
Interest
37,405
47,168
9,763
11,564
12,174
12,176
12,263
11,710
30
U.S. affiliates' payments
30,745
35,608
4,863
8,655
9,176
9,097
9,312
8,688
31
U.S. parents' payments
6,661
11,561
4,900
2,910
2,999
3,079
2,951
3,022
32
Portfolio investment income
590,343
675,028
84,685
169,033
173,247
171,614
177,540
182,324
33
Income on equity and investment fund shares
206,441
217,038
10,597
54,589
54,049
55,382
55,876
59,166
34
Dividends on equity other than investment fund shares
167,065
177,526
10,461
44,831
44,095
45,476
46,375
49,184
35
Income attributable to investment fund shareholders
39,376
39,512
136
9,758
9,954
9,906
9,500
9,982
36
Interest on debt securities
383,902
457,990
74,088
114,444
119,198
116,232
121,665
123,158
37
Short term
21,729
62,265
40,536
15,261
16,497
16,733
16,650
15,859
38
Long term
362,173
395,726
33,553
99,183
102,701
99,499
105,014
107,298
39
Other investment income
133,994
300,376
166,382
73,038
79,303
82,355
84,556
85,955
40
Interest ¹
129,807
296,009
166,202
71,952
78,198
81,238
83,589
84,983
41
Income attributable to insurance policyholders
4,187
4,368
181
1,086
1,105
1,117
967
972
42
Compensation of employees
24,786
27,114
2,328
6,781
6,820
6,961
6,854
7,033
43 Balance on primary income (line 1 less line 23)
115,959
67,029
-48,930
17,926
16,880
15,481
6,676
1,122
Addenda:
44 Other investment interest income receipts before adjusting for FISIM
104,382
240,179
135,797
58,533
63,923
66,385
68,840
69,233
45 Other investment interest income payments before adjusting for FISIM
132,200
299,202
167,002
72,895
79,211
81,508
83,922
84,916
p Preliminary r Revised FISIM Financial intermediation services indirectly measured
1. Primarily interest on loans and deposits.
Note. Details may not add to totals because of rounding. See International Transactions Accounts tables 4.2–4.4 at www.bea.gov/itable/international-transactions-services-and-investment-position for geographic detail.
U.S. Bureau of Economic Analysis

Page 15 of 22

Change:
2024:Q1 to Line
2024:Q2
2,745
2,737
-265
-284
27,089
-27,372
19
-158
176
1,825
1,385
1,226
158
440
-243
682
808
672
136
369
369
7
8,298
8,118
1,936
2,488
-687
3,177
-553
-624
71
4,784
3,290
2,809
482
1,493
-791
2,284
1,399
1,394
5
179
-5,554

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43

393
994

44
45

September 19, 2024

Table 5. U.S. International Transactions in Secondary Income
[Millions of dollars]
Line

2022

2023

Change:
2022 to
2023

Seasonally adjusted
2023
Q3

2024
r

p

Change:
2024:Q1 to Line
2024:Q2

Q2
Q4
Q1
Q2
1 Secondary income (current transfer) receipts (table 1, line 33)
188,696
196,646
7,950
49,441
47,707
52,317
50,176
49,264
-912
1
2
General government transfer receipts
47,178
42,398
-4,780
10,348
9,147
13,501
11,244
9,894
-1,350
2
3
Taxes on income, wealth, etc.
34,261
35,430
1,169
8,922
8,832
8,978
9,232
9,462
230
3
4
International cooperation ¹
817
755
-62
193
184
156
534
198
-336
4
5
Fines and penalties
11,728
5,873
-5,855
1,186
61
4,323
1,383
175
-1,208
5
6
Other general government transfer receipts
372
340
-32
48
69
44
95
59
-36
6
7
Private transfer receipts
141,518
154,248
12,730
39,093
38,561
38,816
38,931
39,370
439
7
8
Insurance-related transfers
133,325
146,021
12,696
36,810
36,773
36,711
37,084
37,537
453
8
9
Fines and penalties
1,395
1,311
-84
586
6
490
7
41
34
9
10
Other private transfer receipts ²
6,798
6,916
118
1,696
1,782
1,615
1,840
1,793
-47 10
11 Secondary income (current transfer) payments (table 1, line 64)
371,990
384,160
12,170
96,342
98,786
95,581
94,595
93,948
-647 11
12
General government transfer payments
90,400
87,145
-3,255
23,586
22,327
17,779
15,750
14,667
-1,083 12
13
Social benefits
8,470
9,292
822
2,305
2,337
2,378
2,434
2,479
45 13
14
International cooperation ¹
78,635
75,235
-3,400
20,648
19,346
14,714
12,554
11,369
-1,185 14
15
Contributions to international organizations
3,295
2,618
-677
633
644
687
763
819
56 15
16
Other general government transfer payments
0
0
0
0
0
0
0
0
0 16
17
Private transfer payments
281,591
297,016
15,425
72,757
76,459
77,801
78,845
79,282
437 17
18
Personal transfers ³
62,239
65,917
3,678
16,324
16,571
16,880
17,254
17,496
242 18
19
Insurance-related transfers
138,319
146,179
7,860
35,436
38,368
39,327
39,750
39,851
101 19
20
Taxes on income, wealth, etc.
19,883
20,784
901
5,254
5,213
5,275
5,518
5,676
158 20
21
Fines and penalties
654
574
-80
49
355
74
14
105
91 21
22
Charitable donations
50,007
51,040
1,033
12,697
12,673
12,887
12,953
12,805
-148 22
23
Transfers to foreign students
9,021
11,032
2,011
2,625
2,906
2,982
2,979
2,969
-10 23
24
Other private transfer payments
1,468
1,490
22
372
373
375
377
379
2 24
25 Balance on secondary income (line 1 less line 11)
-183,295
-187,515
-4,220
-46,901
-51,078
-43,264
-44,419
-44,684
-265 25
p Preliminary r Revised 0 Transactions are possible but are zero for a given period.
1. International cooperation receipts consist of contributions from foreign countries to assist in maintaining U.S. troops and facilities located in their home countries. Payments consist of nonmilitary and military assistance provided to foreigners in
the form of goods, services, or cash under programs enacted by the U.S. Congress.
2. Pensions and benefits received from Canada, Germany, and the United Kingdom, transfers from Germany associated with World War II indemnification claims, and personal transfers received by U.S. residents.
3. Personal transfers (sometimes called remittances) from U.S. resident immigrants to foreign residents.
Note. Details may not add to totals because of rounding.
U.S. Bureau of Economic Analysis

Page 16 of 22

September 19, 2024

Table 6. U.S. International Financial Transactions for Direct Investment—Continues
[Millions of dollars]
Line
Acquisition of assets / transactions for outward investment
1 Net U.S. acquisition of direct investment assets, asset/liability basis (table 1, line 68) ¹
2
Equity
3
Equity other than reinvestment of earnings
4
Reinvestment of earnings
5
Debt instruments
6
U.S. parents' claims
7
U.S. affiliates' claims
8 Less: Adjustments to convert to directional basis
9
U.S. parents' liabilities
10
U.S. affiliates' claims
11 Equals: Financial transactions for outward direct investment (U.S. direct investment abroad),
directional basis ²
12
Equity
13
Equity other than reinvestment of earnings (line 14 less line 15)
14
Increases
15
Decreases
16
Reinvestment of earnings
17
Reinvestment of earnings without current-cost adjustment
18
Current-cost adjustment
19
Debt instruments (line 20 less line 21)
20
U.S. parents' claims
21
U.S. parents' liabilities
22 Financial transactions without current-cost adjustment for outward direct investment, directional
basis (line 11 less line 18) ²
23
Manufacturing
24
Wholesale trade
25
Finance (including depository institutions) and insurance
26
Holding companies except bank holding companies
27
Other
28
Equity other than reinvestment of earnings
29
Manufacturing
30
Wholesale trade
31
Finance (including depository institutions) and insurance
32
Holding companies except bank holding companies
33
Other
34
Reinvestment of earnings without current-cost adjustment
35
Manufacturing
36
Wholesale trade
37
Finance (including depository institutions) and insurance
38
Holding companies except bank holding companies
39
Other
40
Debt instruments
41
Manufacturing
42
Wholesale trade
43
Finance (including depository institutions) and insurance
44
Holding companies except bank holding companies
45
Other

Change:
2022 to
2023

Seasonally adjusted
Q2

Q4

Q1

388,510
378,952
133,166
245,786
9,558
1,863
7,695
56,124
48,429
7,695

454,085
359,956
41,195
318,761
94,129
91,330
2,799
60,101
57,302
2,799

65,575
-18,996
-91,971
72,975
84,571
89,467
-4,896
3,977
8,873
-4,896

78,657
72,286
4,874
67,412
6,370
572
5,798
25,643
19,845
5,798

119,890
101,242
12,941
88,302
18,648
22,158
-3,510
3,808
7,318
-3,510

166,346
123,029
15,351
107,679
43,316
34,138
9,178
42,021
32,843
9,178

112,254
111,062
29,044
82,018
1,191
9,153
-7,962
2,642
10,604
-7,962

47,475
61,841
7,195
54,646
-14,366
-4,049
-10,317
5,779
16,096
-10,317

-64,779
-49,221
-21,849
-27,372
-15,557
-13,202
-2,355
3,137
5,492
-2,355

1
2
3
4
5
6
7
8
9
10

332,386
378,952
133,166
215,680
82,514
245,786
215,562
30,225
-46,566
1,863
48,429

393,984
359,956
41,195
114,880
73,685
318,761
287,921
30,840
34,028
91,330
57,302

61,598
-18,996
-91,971
-100,800
-8,829
72,975
72,359
615
80,594
89,467
8,873

53,014
72,286
4,874
21,361
16,487
67,412
59,720
7,692
-19,273
572
19,845

116,082
101,242
12,941
25,182
12,241
88,302
80,574
7,727
14,840
22,158
7,318

124,324
123,029
15,351
40,001
24,651
107,679
99,915
7,764
1,295
34,138
32,843

109,612
111,062
29,044
41,792
12,748
82,018
74,213
7,806
-1,451
9,153
10,604

41,696
61,841
7,195
21,150
13,955
54,646
46,808
7,838
-20,145
-4,049
16,096

-67,916
-49,221
-21,849
-20,642
1,207
-27,372
-27,405
32
-18,694
-13,202
5,492

11
12
13
14
15
16
17
18
19
20
21

302,162
84,821
5,436
13,507
79,271
119,126
133,166
25,069
-96
15,869
20,068
72,256
215,562
45,937
18,255
28,502
78,341
44,527
-46,566
13,815
-12,723
-30,863
-19,138
2,344

363,144
42,021
26,960
38,053
180,019
76,091
41,195
5,747
602
9,688
12,464
12,693
287,921
48,152
22,816
23,672
138,703
54,577
34,028
-11,879
3,541
4,694
28,852
8,820

60,982
-42,800
21,524
24,546
100,748
-43,035
-91,971
-19,322
698
-6,181
-7,604
-59,563
72,359
2,215
4,561
-4,830
60,362
10,050
80,594
-25,694
16,264
35,557
47,990
6,476

45,322
15,552
-1,294
-28,107
43,838
15,333
4,874
1,708
-115
244
-3,269
6,305
59,720
9,379
5,145
2,889
29,715
12,593
-19,273
4,465
-6,324
-31,240
17,391
-3,565

108,355
11,194
10,472
18,339
45,309
23,042
12,941
838
123
7,908
4,368
-297
80,574
16,462
5,915
9,721
34,075
14,402
14,840
-6,106
4,434
711
6,866
8,936

116,561
9,158
5,195
7,071
81,557
13,580
15,351
1,265
41
-1,195
11,939
3,301
99,915
14,427
6,219
4,700
55,503
19,066
1,295
-6,534
-1,065
3,566
14,115
-8,787

101,806
24,382
3,701
18,526
21,317
33,879
29,044
16,956
34
9,399
1,837
818
74,213
9,234
5,785
6,062
35,723
17,410
-1,451
-1,808
-2,118
3,066
-16,243
15,652

33,858
17,229
1,700
-8,424
8,155
15,199
7,195
506
-39
1,283
-2,301
7,746
46,808
11,782
6,274
7,017
10,116
11,619
-20,145
4,941
-4,535
-16,723
339
-4,166

-67,948
-7,153
-2,001
-26,950
-13,162
-18,680
-21,849
-16,450
-73
-8,116
-4,138
6,928
-27,405
2,548
489
955
-25,607
-5,791
-18,694
6,749
-2,417
-19,789
16,582
-19,818

22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45

2023

Page 17 of 22

2024

Change:
2024:Q1 to Line
2024:Q2

2023
Q3

2022

r

Q2

p

September 19, 2024

Table 6. U.S. International Financial Transactions for Direct Investment—Table Ends
[Millions of dollars]
Line

2022

2023

Change:
2022 to
2023

Seasonally adjusted
2023
Q3

2024
r

p

Change:
2024:Q1 to Line
2024:Q2

Q2
Q4
Q1
Q2
Incurrence of liabilities / transactions for inward investment
46 Net U.S. incurrence of direct investment liabilities, asset/liability basis (table 1, line 92) ¹
408,982
348,784
-60,198
88,890
66,740
99,936
67,900
89,452
21,552 46
47
Equity
333,472
306,282
-27,190
58,503
67,465
74,372
64,573
69,346
4,773 47
48
Equity other than reinvestment of earnings
118,205
115,926
-2,279
15,826
16,902
23,555
12,575
14,172
1,597 48
49
Reinvestment of earnings
215,267
190,356
-24,911
42,677
50,562
50,818
51,997
55,174
3,177 49
50
Debt instruments
75,510
42,502
-33,008
30,387
-725
25,564
3,327
20,106
16,779 50
51
U.S. affiliates' liabilities
27,081
-14,800
-41,881
10,542
-8,043
-7,279
-7,277
4,011
11,288 51
52
U.S. parents' liabilities
48,429
57,302
8,873
19,845
7,318
32,843
10,604
16,096
5,492 52
53 Less: Adjustments to convert to directional basis
56,124
60,101
3,977
25,643
3,808
42,021
2,642
5,779
3,137 53
54
U.S. parents' liabilities
48,429
57,302
8,873
19,845
7,318
32,843
10,604
16,096
5,492 54
55
U.S. affiliates' claims
7,695
2,799
-4,896
5,798
-3,510
9,178
-7,962
-10,317
-2,355 55
56 Equals: Financial transactions for inward direct investment (foreign direct investment in the
United States), directional basis ²
352,858
288,683
-64,175
63,247
62,932
57,915
65,258
83,674
18,416 56
57
Equity
333,472
306,282
-27,190
58,503
67,465
74,372
64,573
69,346
4,773 57
58
Equity other than reinvestment of earnings (line 59 less line 60)
118,205
115,926
-2,279
15,826
16,902
23,555
12,575
14,172
1,597 58
59
Increases
138,016
131,077
-6,939
20,400
19,835
27,654
16,783
14,560
-2,223 59
60
Decreases
19,811
15,152
-4,659
4,574
2,933
4,099
4,208
388
-3,820 60
61
Reinvestment of earnings
215,267
190,356
-24,911
42,677
50,562
50,818
51,997
55,174
3,177 61
62
Reinvestment of earnings without current-cost adjustment
198,195
172,887
-25,308
38,316
46,179
46,421
47,589
50,758
3,169 62
63
Current-cost adjustment
17,072
17,470
398
4,361
4,384
4,397
4,408
4,415
7 63
64
Debt instruments (line 65 less line 66)
19,386
-17,599
-36,985
4,744
-4,533
-16,458
685
14,328
13,643 64
65
U.S. affiliates' liabilities
27,081
-14,800
-41,881
10,542
-8,043
-7,279
-7,277
4,011
11,288 65
66
U.S. affiliates' claims
7,695
2,799
-4,896
5,798
-3,510
9,178
-7,962
-10,317
-2,355 66
67 Financial transactions without current-cost adjustment for inward direct investment, directional
basis (line 56 less line 63) ²
335,786
271,214
-64,572
58,886
58,548
53,518
60,849
79,258
18,409 67
68
Manufacturing
146,023
116,906
-29,117
32,317
24,883
15,633
32,041
37,537
5,496 68
69
Wholesale trade
41,713
38,424
-3,289
8,839
12,985
2,052
7,938
12,909
4,971 69
70
Finance (including depository institutions) and insurance
40,944
20,943
-20,001
7,021
5,876
2,783
12,796
9,629
-3,167 70
71
Other
107,106
94,940
-12,166
10,709
14,804
33,050
8,075
19,183
11,108 71
72
Equity other than reinvestment of earnings
118,205
115,926
-2,279
15,826
16,902
23,555
12,575
14,172
1,597 72
73
Manufacturing
42,305
32,803
-9,502
11,994
6,707
2,175
10,378
5,984
-4,394 73
74
Wholesale trade
12,565
9,073
-3,492
-274
(D)
411
263
793
530 74
75
Finance (including depository institutions) and insurance
16,094
10,365
-5,729
2,331
3,895
186
3,174
2,315
-859 75
76
Other
47,241
63,685
16,444
1,776
(D)
20,783
-1,240
5,080
6,320 76
77
Reinvestment of earnings without current-cost adjustment
198,195
172,887
-25,308
38,316
46,179
46,421
47,589
50,758
3,169 77
78
Manufacturing
87,448
76,265
-11,183
14,215
19,932
21,093
21,872
20,895
-977 78
79
Wholesale trade
30,231
28,428
-1,803
8,214
6,786
5,455
8,934
7,208
-1,726 79
80
Finance (including depository institutions) and insurance
18,692
23,040
4,348
5,602
6,403
4,961
8,520
7,510
-1,010 80
81
Other
61,824
45,154
-16,670
10,285
13,058
14,912
8,263
15,145
6,882 81
82
Debt instruments
19,386
-17,599
-36,985
4,744
-4,533
-16,458
685
14,328
13,643 82
83
Manufacturing
16,270
7,838
-8,432
6,109
-1,756
-7,634
-210
10,657
10,867 83
84
Wholesale trade
-1,083
922
2,005
899
(D)
-3,814
-1,259
4,908
6,167 84
85
Finance (including depository institutions) and insurance
6,159
-12,461
-18,620
-911
-4,422
-2,364
1,102
-196
-1,298 85
86
Other
-1,960
-13,898
-11,938
-1,352
(D)
-2,645
1,052
-1,042
-2,094 86
p Preliminary r Revised (D) Suppressed to avoid the disclosure of data of individual companies
1. Financial transactions on an asset/liability basis are organized according to whether the transactions relate to an asset or a liability. Net U.S. acquisition of direct investment assets relates to U.S. parent and U.S. affiliate acquisition of claims
(assets). Net U.S. incurrence of direct investment liabilities relates to U.S. affiliate and U.S. parent incurrence of liabilities.
2. Financial transactions on a directional basis are organized according to whether the transactions relate to outward investment (U.S. direct investment abroad) or inward investment (foreign direct investment in the United States). Transactions
for outward investment relate to transactions for U.S. parent claims and liabilities. Transactions for inward investment relate to transactions for U.S. affiliate liabilities and claims.
Note. Details may not add to totals because of rounding.
U.S. Bureau of Economic Analysis

Page 18 of 22

September 19, 2024

Table 7. U.S. International Financial Transactions for Portfolio Investment—Continues
[Millions of dollars]
Line
Assets and liabilities by instrument
1 Net U.S. acquisition of portfolio investment assets (table 1, line 71)
By type of foreign security:
2
Equity and investment fund shares
3
Equity other than investment fund shares
4
Investment fund shares
5
Debt securities
6
Short term
7
Negotiable certificates of deposit
8
Commercial paper
9
Other short-term securities
10
Long term
11
Government securities
12
Corporate bonds and notes
13
Negotiable certificates of deposit
14 Net U.S. incurrence of portfolio investment liabilities (table 1, line 95)
By type of U.S. security acquired by foreign residents:
15
Equity and investment fund shares
16
Equity other than investment fund shares
17
Investment fund shares
18
Debt securities
19
Short term
20
Treasury bills and certificates
21
Federally sponsored agency securities
22
Negotiable certificates of deposit
23
Commercial paper and other securities
24
Long term
25
Treasury bonds and notes
26
State and local government securities
27
Federally sponsored agency securities
28
Corporate bonds and notes
29
Negotiable certificates of deposit

2022

2023

Change:
2022 to
2023

Q2

Not seasonally adjusted
2023
2024
Q3
Q4
Q1 r
Q2 p

Change:
2024:Q1 to Line
2024:Q2

322,719

81,562

-241,157

53,042

48,595

-38,689

162,791

109,445

-53,346

1

159,463
134,919
24,545
163,255
-91,668
-7,930
-89,853
6,116
254,923
60,414
195,520
-1,011
760,384

-4,691
-4,181
-510
86,253
-25,772
19,883
-18,330
-27,325
112,025
25,741
84,157
2,127
1,231,077

-164,154
-139,100
-25,055
-77,002
65,896
27,813
71,523
-33,441
-142,898
-34,673
-111,363
3,138
470,693

39,376
34,446
4,930
13,666
-18,662
-16,977
-2,612
927
32,328
7,424
26,720
-1,816
392,385

28,471
24,701
3,770
20,124
16,094
-4,591
15,329
5,356
4,030
906
3,615
-491
261,558

-34,309
-29,966
-4,343
-4,380
-22,383
-9,566
9,827
-22,645
18,004
4,123
14,904
-1,023
227,358

76,827
67,395
9,432
85,964
-35,850
3,875
-10,141
-29,584
121,814
28,088
93,311
415
395,359

30,501
26,760
3,741
78,944
-362
1,767
-1,487
-642
79,306
18,434
60,683
189
258,737

-46,326
-40,635
-5,691
-7,020
35,488
-2,108
8,654
28,942
-42,508
-9,654
-32,628
-226
-136,622

2
3
4
5
6
7
8
9
10
11
12
13
14

2,585
-402
2,987
757,799
59,282
-37,422
10,621
32,243
53,840
698,517
430,275
2,701
154,634
105,613
5,294

133,014
108,537
24,477
1,098,063
132,089
120,472
-12,203
-42
23,862
965,974
490,813
6,380
159,070
309,845
-134

130,429
108,939
21,490
340,264
72,807
157,894
-22,824
-32,285
-29,978
267,457
60,538
3,679
4,436
204,232
-5,428

49,737
40,846
8,891
342,648
10,830
-12,573
-5,895
2,026
27,273
331,818
200,938
1,695
49,810
79,182
193

1,942
1,584
358
259,616
108,444
98,646
-5,414
5,888
9,324
151,172
21,979
1,621
45,685
81,327
560

-6,530
-5,362
-1,168
233,888
20,662
21,766
-4,658
1,435
2,118
213,227
125,063
1,155
26,883
59,989
137

73,557
61,051
12,506
321,802
10,599
7,901
2,033
5,689
-5,024
311,203
178,241
2,216
13,156
117,049
541

101,603
84,462
17,141
157,134
-13,230
-16,202
-1,621
-3,178
7,771
170,365
129,378
1,021
-13,595
53,863
-302

28,046
23,411
4,635
-164,668
-23,829
-24,103
-3,654
-8,867
12,795
-140,838
-48,863
-1,195
-26,751
-63,186
-843

15
16
17
18
19
20
21
22
23
24
25
26
27
28
29

Page 19 of 22

September 19, 2024

Table 7. U.S. International Financial Transactions for Portfolio Investment—Table Ends
[Millions of dollars]
Line
Assets by sector of U.S. holder
30 Net U.S. acquisition of portfolio investment assets (line 1)
Deposit-taking institutions except central bank
31
Equity and investment fund shares
32
Debt securities
33
Short term
34
Long term
35
Other financial institutions
36
Equity and investment fund shares
37
Debt securities
38
Short term
39
Long term
40
Nonfinancial
institutions except general government
41
Equity and investment fund shares
42
Debt securities
43
Short term
44
Long term
45
Liabilities by sector of U.S. issuer
46 Net U.S. incurrence of portfolio investment liabilities (line 14)
Deposit-taking institutions except central bank
47
Equity and investment fund shares
48
Debt securities
49
Short term
50
Long term
51
Other financial institutions
52
Equity and investment fund shares
53
Debt securities
54
Federally sponsored agency securities
55
Short term
56
Long term
57
Other securities
58
Short term
59
Long term
60
Nonfinancial institutions except general government
61
Equity and investment fund shares
62
Debt securities
63
Short term
64
Long term
65
General government
66
Debt securities
67
U.S. Treasury securities
68
Short term
69
Long term
70
State
and local government long-term securities
71
p Preliminary r Revised
Note. Details may not add to totals because of rounding.
U.S. Bureau of Economic Analysis

2022

2023

Change:
2022 to
2023

Q2

Not seasonally adjusted
2023
2024
Q3
Q4
Q1 r
Q2 p

Change:
2024:Q1 to Line
2024:Q2

322,719
25,099
3,219
21,880
-843
22,723
246,411
135,442
110,969
-89,967
200,936
51,209
20,803
30,406
-858
31,264

81,562
8,341
-84
8,424
-3,576
12,001
59,299
-3,802
63,100
-22,933
86,033
13,923
-806
14,728
737
13,991

-241,157
-16,758
-3,303
-13,456
-2,733
-10,722
-187,112
-139,244
-47,869
67,034
-114,903
-37,286
-21,609
-15,678
1,595
-17,273

53,042
-1,080
628
-1,708
-2,873
1,164
45,058
33,451
11,606
-15,234
26,840
9,065
5,297
3,768
-555
4,323

48,595
-1,117
440
-1,557
-1,469
-87
45,038
24,174
20,865
17,322
3,543
4,673
3,857
816
242
574

-38,689
1,673
-544
2,216
1,609
608
-38,585
-29,129
-9,456
-24,422
14,966
-1,776
-4,636
2,860
430
2,430

162,791
2,730
1,279
1,450
-9,092
10,543
135,295
65,264
70,031
-25,788
95,820
24,766
10,284
14,482
-969
15,451

109,445
8,864
503
8,361
1,653
6,708
86,090
25,885
60,206
-2,169
62,375
14,490
4,113
10,377
154
10,224

-53,346
6,134
-776
6,911
10,745
-3,835
-49,205
-39,379
-9,825
23,619
-33,445
-10,276
-6,171
-4,105
1,123
-5,227

30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45

760,384
74,796
-1,302
76,098
64,121
11,976
202,802
2,975
199,827
165,255
10,621
154,634
34,571
1,568
33,003
87,232
911
86,321
20,394
65,927
395,554
395,554
392,853
-37,422
430,275
2,701

1,231,077
33,221
2,150
31,071
16,706
14,365
293,535
41,163
252,372
146,867
-12,203
159,070
105,505
2,924
102,581
286,655
89,701
196,954
4,190
192,764
617,665
617,665
611,285
120,472
490,813
6,380

470,693
-41,575
3,452
-45,027
-47,415
2,389
90,733
38,188
52,545
-18,388
-22,824
4,436
70,934
1,356
69,578
199,423
88,790
110,633
-16,204
126,837
222,111
222,111
218,432
157,894
60,538
3,679

392,385
34,885
726
34,159
30,369
3,791
77,089
15,246
61,843
43,915
-5,895
49,810
17,928
-8,437
26,366
90,351
33,765
56,586
7,367
49,219
190,060
190,060
188,365
-12,573
200,938
1,695

261,558
21,991
25
21,966
17,741
4,225
64,043
602
63,441
40,271
-5,414
45,685
23,170
-3,877
27,047
53,278
1,315
51,963
1,347
50,616
122,246
122,246
120,625
98,646
21,979
1,621

227,358
8,982
-84
9,066
6,228
2,838
38,067
-1,998
40,064
22,225
-4,658
26,883
17,839
-1,799
19,638
32,325
-4,448
36,774
-875
37,649
147,984
147,984
146,829
21,766
125,063
1,155

395,359
1,800
975
825
-5,082
5,907
82,371
21,655
60,716
15,189
2,033
13,156
45,527
6,778
38,749
122,830
50,927
71,903
-1,031
72,934
188,358
188,358
186,142
7,901
178,241
2,216

258,737
1,290
1,401
-111
-2,256
2,145
37,159
29,836
7,324
-15,216
-1,621
-13,595
22,540
4,729
17,810
106,091
70,367
35,724
2,119
33,605
114,197
114,197
113,176
-16,202
129,378
1,021

-136,622
-510
426
-936
2,826
-3,762
-45,212
8,181
-53,392
-30,405
-3,654
-26,751
-22,987
-2,049
-20,939
-16,739
19,440
-36,179
3,150
-39,329
-74,161
-74,161
-72,966
-24,103
-48,863
-1,195

46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71

Page 20 of 22

September 19, 2024

Table 8. U.S. International Financial Transactions for Other Investment ¹—Continues
[Millions of dollars]
Line
Assets and liabilities by instrument
1 Net U.S. acquisition of other investment assets (table 1, line 76)
By type of claim on foreign residents:
2
Other equity ²
3
Currency and deposits
4
Currency (short term)
5
Deposits
6
Short term
7
Long term
8
Loans
9
Short term
10
Long term
11
Insurance technical reserves
12
Trade credit and advances
13
Short term
14
Long term
15 Net U.S. incurrence of other investment liabilities (table 1, line 100)
By type of liability to foreign residents:
16
Other equity ²
17
Currency and deposits
18
Currency (short term)
19
Deposits
20
Short term
21
Long term
22
Loans
23
Short term
24
Long term
25
Insurance technical reserves
26
Trade credit and advances
27
Short term
28
Long term
29
Special drawing rights allocations
Assets by sector of U.S. holder
30 Net U.S. acquisition of other investment assets (line 1)
31
Central bank
32
Currency and deposits
33
Deposits
34
Short term
35
Deposit-taking institutions except central bank
Of which : Interbank transactions
36
37
Currency and deposits
38
Deposits
Of which : Resale agreements
39
40
Short term
41
Long term
42
Loans
43
Short term
44
Long term
45
Other financial institutions and nonfinancial institutions except general government
46
Currency and deposits
47
Deposits
48
Short term
49
Long term
50
Loans
Of which : Resale agreements
51
52
Short term
53
Long term
54
Insurance technical reserves
55
Trade credit and advances
56
Short term
57
Long term
58
General government
59
Other equity ²
60
Loans
61
Long term

Q2

Not seasonally adjusted
2023
2024
Q3
Q4
Q1 r
Q2 p

30,066

442,916

412,850

77,276

101,118

173,574

84,154

-4,459

-88,613

1

2,370
146,765
n.a.
146,765
n.a.
n.a.
-112,056
n.a.
n.a.
n.a.
-7,012
n.a.
n.a.
366,150

1,848
31,359
n.a.
31,359
n.a.
n.a.
407,397
n.a.
n.a.
n.a.
2,312
n.a.
n.a.
307,224

-522
-115,406
n.a.
-115,406
n.a.
n.a.
519,453
n.a.
n.a.
n.a.
9,324
n.a.
n.a.
-58,926

1,582
-28,545
n.a.
-28,545
n.a.
n.a.
106,083
n.a.
n.a.
n.a.
-1,844
n.a.
n.a.
-171,842

0
51,977
n.a.
51,977
n.a.
n.a.
47,076
n.a.
n.a.
n.a.
2,065
n.a.
n.a.
138,801

0
77,084
n.a.
77,084
n.a.
n.a.
91,991
n.a.
n.a.
n.a.
4,498
n.a.
n.a.
198,223

5
-35,505
n.a.
-35,505
n.a.
n.a.
120,202
n.a.
n.a.
n.a.
-548
n.a.
n.a.
81,400

1,783
27,703
n.a.
27,703
n.a.
n.a.
-34,600
n.a.
n.a.
n.a.
655
n.a.
n.a.
38,816

1,778
63,208
n.a.
63,208
n.a.
n.a.
-154,802
n.a.
n.a.
n.a.
1,203
n.a.
n.a.
-42,584

2
3
4
5
6
7
8
9
10
11
12
13
14
15

n.a.
138,476
35,044
103,431
n.a.
n.a.
211,350
n.a.
n.a.
n.a.
16,325
n.a.
n.a.
0

n.a.
232,174
16,598
215,576
n.a.
n.a.
47,282
n.a.
n.a.
n.a.
27,768
n.a.
n.a.
0

n.a.
93,698
-18,446
112,145
n.a.
n.a.
-164,068
n.a.
n.a.
n.a.
11,443
n.a.
n.a.
0

n.a.
-37,975
11,869
-49,845
n.a.
n.a.
-138,667
n.a.
n.a.
n.a.
4,800
n.a.
n.a.
0

n.a.
27,621
-9,688
37,309
n.a.
n.a.
104,119
n.a.
n.a.
n.a.
7,061
n.a.
n.a.
0

n.a.
181,896
7,609
174,287
n.a.
n.a.
4,516
n.a.
n.a.
n.a.
11,811
n.a.
n.a.
0

n.a.
-32,461
4,683
-37,144
n.a.
n.a.
92,999
n.a.
n.a.
n.a.
20,862
n.a.
n.a.
0

n.a.
31,162
-1,816
32,978
n.a.
n.a.
1,625
n.a.
n.a.
n.a.
6,029
n.a.
n.a.
0

n.a.
63,623
-6,499
70,122
n.a.
n.a.
-91,374
n.a.
n.a.
n.a.
-14,833
n.a.
n.a.
0

16
17
18
19
20
21
22
23
24
25
26
27
28
29

30,066
-2,927
-2,927
-2,927
-2,927
103,809
52,210
92,612
92,612
68,051
n.a.
n.a.
11,198
n.a.
n.a.
-73,186
57,080
57,080
n.a.
n.a.
-123,254
-80,480
n.a.
n.a.
n.a.
-7,012
n.a.
n.a.
2,371
2,370
(*)
(*)

442,916
945
945
945
945
75,923
14,966
44,294
44,294
132,948
n.a.
n.a.
31,629
n.a.
n.a.
361,669
-13,880
-13,880
n.a.
n.a.
373,237
336,331
n.a.
n.a.
n.a.
2,312
n.a.
n.a.
4,379
1,848
2,531
2,531

412,850
3,872
3,872
3,872
3,872
-27,886
-37,244
-48,318
-48,318
64,897
n.a.
n.a.
20,431
n.a.
n.a.
434,855
-70,960
-70,960
n.a.
n.a.
496,491
416,811
n.a.
n.a.
n.a.
9,324
n.a.
n.a.
2,008
-522
(*)
(*)

77,276
-369
-369
-369
-369
33,906
24,437
25,736
25,736
53,862
n.a.
n.a.
8,170
n.a.
n.a.
41,477
-53,913
-53,913
n.a.
n.a.
97,233
94,616
n.a.
n.a.
n.a.
-1,844
n.a.
n.a.
2,262
1,582
680
680

101,118
10
10
10
10
38,809
59,107
17,930
17,930
10,352
n.a.
n.a.
20,879
n.a.
n.a.
61,699
34,036
34,036
n.a.
n.a.
25,597
43,363
n.a.
n.a.
n.a.
2,065
n.a.
n.a.
599
0
599
599

173,574
1,129
1,129
1,129
1,129
88,574
33,378
59,724
59,724
97,713
n.a.
n.a.
28,850
n.a.
n.a.
83,404
16,232
16,232
n.a.
n.a.
62,674
58,235
n.a.
n.a.
n.a.
4,498
n.a.
n.a.
467
0
467
467

84,154
-1,170
-1,170
-1,170
-1,170
-25,045
-16,700
-73,942
-73,942
-94,281
n.a.
n.a.
48,897
n.a.
n.a.
109,209
39,607
39,607
n.a.
n.a.
70,150
71,202
n.a.
n.a.
n.a.
-548
n.a.
n.a.
1,160
5
1,155
1,155

-4,459
24
24
24
24
22,841
-7,724
31,936
31,936
61,374
n.a.
n.a.
-9,095
n.a.
n.a.
-29,144
-4,258
-4,258
n.a.
n.a.
-25,542
-21,561
n.a.
n.a.
n.a.
655
n.a.
n.a.
1,820
1,783
37
37

-88,613
1,194
1,194
1,194
1,194
47,886
8,976
105,878
105,878
155,655
n.a.
n.a.
-57,992
n.a.
n.a.
-138,353
-43,865
-43,865
n.a.
n.a.
-95,692
-92,763
n.a.
n.a.
n.a.
1,203
n.a.
n.a.
660
1,778
-1,118
-1,118

30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61

2022

2023

Page 21 of 22

Change:
2022 to
2023

Change:
2024:Q1 to Line
2024:Q2

September 19, 2024

Table 8. U.S. International Financial Transactions for Other Investment ¹—Table Ends
[Millions of dollars]
Line

2022

2023

Change:
2022 to
2023

Q2

Not seasonally adjusted
2023
2024
Q3
Q4
Q1 r
Q2 p

Liabilities by sector of U.S. issuer
62 Net U.S. incurrence of other investment liabilities (line 15)
366,150
307,224
-58,926
-171,842
138,801
198,223
81,400
38,816
63
Central bank
92,010
53,758
-38,252
-20,989
-38,449
73,995
19,052
120
64
Currency and deposits
92,010
53,758
-38,252
-20,989
-38,449
73,995
19,052
120
65
Currency (short term)
35,044
16,598
-18,446
11,869
-9,688
7,609
4,683
-1,816
66
Deposits
56,966
37,160
-19,806
-32,859
-28,761
66,386
14,368
1,936
67
Short term
56,966
37,160
-19,806
-32,859
-28,761
66,386
14,368
1,936
68
Deposit-taking institutions except central bank
161,842
158,346
-3,496
-64,005
24,670
114,097
-61,172
69,306
Of which : Interbank transactions
69
202,308
145,504
-56,804
-26,409
17,265
117,584
-75,714
45,130
70
Currency and deposits
61,472
132,534
71,062
-19,501
37,689
100,494
-72,930
50,102
71
Deposits
61,472
132,534
71,062
-19,501
37,689
100,494
-72,930
50,102
Of which : Repurchase agreements
72
5,869
103,916
98,047
-15,018
58,138
21,699
-59,093
34,082
73
Short term
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
74
Long term
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
75
Loans
100,370
25,812
-74,558
-44,504
-13,019
13,603
11,758
19,204
76
Short term
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
77
Long term
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
78
Other financial institutions and nonfinancial institutions except general government
95,412
76,022
-19,390
-90,840
148,760
4,021
116,330
-36,649
79
Currency and deposits ³
-15,006
45,882
60,888
2,515
28,382
7,407
21,418
-19,060
80
Deposits
-15,006
45,882
60,888
2,515
28,382
7,407
21,418
-19,060
81
Short term
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
82
Long term
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
83
Loans
110,979
21,469
-89,510
-94,163
117,138
-9,086
81,241
-17,579
Of which : Repurchase agreements
84
-14,538
100,088
114,626
-29,190
98,905
-10,755
91,363
4,129
85
Short term
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
86
Long term
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
87
Insurance technical reserves
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
88
Trade credit and advances
-561
8,670
9,231
808
3,240
5,700
13,672
-10
89
Short term
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
90
Long term
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
91
General government
16,885
19,098
2,213
3,992
3,821
6,111
7,190
6,039
92
Trade credit and advances
16,885
19,098
2,213
3,992
3,821
6,111
7,190
6,039
93
Long term
16,885
19,098
2,213
3,992
3,821
6,111
7,190
6,039
94
Special drawing rights allocations
0
0
0
0
0
0
0
0
p Preliminary r Revised 0 Transactions are possible but are zero for a given period. n.a. Transactions are possible, but data are not available.
1. Other investment includes financial-account transactions other than transactions for direct investment, portfolio investment, financial derivatives other than reserves, and reserve assets.
2. Other equity is equity that is not in the form of securities. Other equity assets includes U.S. government equity in international financial institutions excluding the International Monetary Fund that is not in the form of securities.
3. Consists of near-deposit instruments issued by other financial institutions.
Note. Details may not add to totals because of rounding.
U.S. Bureau of Economic Analysis

Page 22 of 22

Change:
2024:Q1 to Line
2024:Q2
-42,584
-18,932
-18,932
-6,499
-12,432
-12,432
130,478
120,844
123,032
123,032
93,175
n.a.
n.a.
7,446
n.a.
n.a.
-152,979
-40,478
-40,478
n.a.
n.a.
-98,820
-87,234
n.a.
n.a.
n.a.
-13,682
n.a.
n.a.
-1,151
-1,151
-1,151
0

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