Full text of Bureau of Economic Analysis (BEA) News Releases : U.S. International Transactions, 3rd Quarter 2022, BEA 22-63 : Full Release

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EMBARGOED UNTIL RELEASE AT 8:30 a.m. EST, Wednesday, December 21, 2022
Technical:
Media:

Mai-Chi Hoang
Connie O’Connell

301-278-9567
301-278-9003

BEA 22–63

Mai-Chi.Hoang@bea.gov
Connie.OConnell@bea.gov

U.S. International Transactions, 3rd Quarter 2022
Current-Account Deficit Narrows by 9.1 Percent
Current-Account Balance
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, narrowed by $21.6 billion, or
9.1 percent, to $217.1 billion in the third quarter of 2022, according to statistics released today by the
U.S. Bureau of Economic Analysis. The revised second-quarter deficit was $238.7 billion.
The third-quarter deficit was 3.4 percent of current-dollar gross domestic product, down from 3.8
percent in the second quarter.
The $21.6 billion narrowing of the current-account deficit in the third quarter mostly reflected a
decreased deficit on goods that was partly offset by a decreased surplus on primary income and an
increased deficit on secondary income.

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

Page 1 of 22

Current-Account Transactions (tables 1–5)
Exports of goods and services to, and income received from, foreign residents increased $26.5 billion to
$1.14 trillion in the third quarter. Imports of goods and services from, and income paid to, foreign
residents increased $4.8 billion to $1.35 trillion.

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

Trade in goods (table 2)
Exports of goods increased $7.2 billion to $547.0 billion, reflecting increases in nonmonetary gold and in
capital goods, mostly civilian aircraft engines and parts and other industrial machinery, that were partly
offset by a decrease in foods, feeds, and beverages, mostly soybeans and corn. Imports of goods
decreased $32.5 billion to $818.2 billion, reflecting widespread decreases in consumer goods and in
industrial supplies and materials. The decrease in consumer goods was led by household and kitchen
appliances and other household goods, and the decrease in industrial supplies and materials was led by
metals and nonmetallic products.
Trade in services (table 3)
Exports of services increased $4.9 billion to $234.0 billion, reflecting increases in other business services,
mainly professional and management consulting services, and in travel, mostly education-related travel
and other personal travel. Imports of services increased $1.6 billion to $173.5 billion, reflecting increases
in travel, mostly other personal travel and education-related travel, and in financial services, mostly
financial intermediation services indirectly measured and financial management services, that were
partly offset by a decrease in transport, mostly sea freight transport.
Primary income (table 4)
Receipts of primary income increased $15.2 billion to $314.0 billion, and payments of primary income
increased $26.8 billion to $268.4 billion. The increases in both receipts and payments primarily reflected
Page 2 of 22

increases in other investment income, mostly interest on loans and deposits. These increases were
mainly due to higher short-term interest rates that resulted from significant federal funds rate hikes by
the Federal Reserve Board in May, June, July, and September. U.S. other investment assets and liabilities
are mainly denominated in U.S. dollars.
Secondary income (table 5)
Receipts of secondary income decreased $0.8 billion to $42.7 billion, reflecting a decrease in general
government transfers, mostly fines and penalties. Payments of secondary income increased $9.0 billion
to $94.9 billion, reflecting an increase in general government transfers, mostly international
cooperation.

Capital-Account Transactions (table 1)
Capital-transfer receipts were $9.1 billion in the third quarter. The transactions reflected receipts from
foreign insurance companies for losses resulting from Hurricane Ian. For information on transactions
associated with hurricanes and other disasters, see “How do losses recovered from foreign insurance
companies following natural or man-made disasters affect foreign transactions, the current account
balance, and net lending or net borrowing?”.

Financial-Account Transactions (tables 1, 6, 7, and 8)
Net financial-account transactions were −$294.2 billion in the third 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)
Third-quarter transactions increased U.S. residents’ foreign financial assets by $411.0 billion.
Transactions increased portfolio investment assets, mostly equity and long-term debt securities, by
$368.9 billion; direct investment assets, mainly equity, by $56.7 billion; and reserve assets by $0.8
billion. Transactions decreased other investment assets by $15.5 billion, resulting from partly offsetting
transactions in loans and deposits.
Liabilities (tables 1, 6, 7, and 8)
Third-quarter transactions increased U.S. liabilities to foreign residents by $671.2 billion. Transactions
increased portfolio investment liabilities, mostly long-term debt securities and equity, by $463.2 billion;
other investment liabilities, mostly loans, by $106.6 billion; and direct investment liabilities, mostly
equity, by $101.4 billion.
Financial derivatives (table 1)
Net transactions in financial derivatives were –$33.9 billion in the third quarter, reflecting net U.S.
borrowing from foreign residents.

Table A. Updates to Second-Quarter 2022 International Transactions Accounts Balances
[Billions of dollars, seasonally adjusted]
Preliminary estimates

Revised estimates

–251.1

Current-account balance
Goods balance
Services balance
Primary income balance
Secondary income balance

−310.5
57.1
43.6
−41.3

−238.7
−310.9
57.3
57.2
−42.3

Net financial-account transactions

−159.5

−152.2

U.S. Bureau of Economic Analysis

Next release: March 23, 2023, at 8:30 a.m. EDT
U.S. International Transactions, 4th Quarter and Year 2022

U.S. International Transactions Release Dates in 2023
4th Quarter and Year 2022
1st Quarter 2023 and Annual Update
2nd Quarter 2023
3rd Quarter 2023

Page 4 of 22

March 23
June 22
September 21
December 20

Additional Information
Resources
•

•

•
•
•
•
•

The full economic effects of the COVID–19
pandemic cannot be quantified in these statistics,
because the impacts are generally embedded in
source data and cannot be separately identified.
For more information about COVID–19 impacts,
refer to “Federal Recovery Programs and BEA
Statistics” on our website.
Stay informed about BEA developments by reading
The BEA Wire, signing up for BEA’s email
subscription service, or following BEA on Twitter
@BEA_News.
Historical time series for these estimates can be
accessed in BEA’s Interactive Data Application.
Access BEA data by registering for BEA’s Data
Application Programming Interface.
For more on BEA statistics, see BEA’s 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 components are monetary gold, International
Monetary Fund (IMF) special drawing rights, reserve
position in the IMF, and other reserve assets.

Page 5 of 22

Financial derivatives other than reserves consist of
financial contracts that are linked to underlying financial
instruments, commodities, or indicators. Transactions in
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 financialaccount 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
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
are updated the following quarter to incorporate new
source data. Additionally, in March, seasonally adjusted
statistics for all quarters of the previous year are revised so
that the totals of the seasonally adjusted quarters equal the
annual totals. 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.

News Release Tables
Table 1. U.S. International Transactions
Table 2. U.S. International Trade in Goods
Table 3. U.S. International Trade in Services
Table 4. U.S. International Transactions in Primary Income
Table 5. U.S. International Transactions in Secondary Income
Table 6. U.S. International Financial Transactions for Direct Investment
Table 7. U.S. International Financial Transactions for Portfolio Investment
Table 8. U.S. International Financial Transactions for Other Investment

Page 6 of 22

December 21, 2022

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

2020

2021

Change:
2020 to
2021

Seasonally adjusted
2021
Q3

2022
Q4

Q1

Q2

r

Q3

p

Change:
2022:Q2 to Line
2022:Q3

3,260,095
2,158,651
1,432,218
1,407,355
139,280
450,606
462,894
128,834
174,009
51,731
835
24,028
726,433
n.a.
13,196
57,168
72,481
2,395
20,277
151,033
115,558
56,456
195,046
20,820
22,003
936,236
929,608
474,585
380,207
74,561
255
6,628
165,209
3,879,793
2,812,640
2,346,103
2,284,441
155,445
429,307
647,208
309,865
639,900
102,717
61,662
466,537
n.a.
6,203
72,763
34,159
1,131
57,673
45,314
47,708
39,728
112,979
24,325
24,553
773,146
758,716
178,380
492,302
88,033
14,430
294,008

3,780,154
2,556,638
1,761,364
1,729,061
164,749
616,784
520,769
144,066
221,720
60,974
832
31,472
795,273
n.a.
12,526
65,777
70,214
3,129
22,741
171,740
124,613
59,797
217,426
23,915
23,394
1,052,080
1,045,181
582,837
403,207
59,220
-84
6,899
171,436
4,626,508
3,401,685
2,851,660
2,825,919
183,323
641,595
764,758
347,898
767,137
121,207
25,741
550,025
n.a.
7,982
105,255
56,851
1,495
59,377
49,529
43,342
43,142
129,601
28,304
25,147
912,587
895,030
303,136
521,780
70,114
17,557
312,236

520,059
397,987
329,146
321,706
25,469
166,178
57,875
15,232
47,711
9,243
-3
7,444
68,840
n.a.
-670
8,609
-2,267
734
2,464
20,707
9,055
3,341
22,380
3,095
1,391
115,844
115,573
108,252
23,000
-15,341
-339
271
6,227
746,715
589,045
505,557
541,478
27,878
212,288
117,550
38,033
127,237
18,490
-35,921
83,488
n.a.
1,779
32,492
22,692
364
1,704
4,215
-4,366
3,414
16,622
3,979
594
139,441
136,314
124,756
29,478
-17,919
3,127
18,228

952,285
641,582
441,893
434,603
38,432
158,428
130,800
34,398
57,671
14,874
234
7,056
199,688
n.a.
3,302
16,508
17,412
825
5,905
43,442
31,080
14,696
54,829
5,970
5,720
267,976
266,244
147,463
104,031
14,980
-231
1,732
42,727
1,178,660
860,724
714,472
709,165
47,169
168,378
192,318
83,781
186,690
30,829
5,307
146,251
n.a.
1,991
28,610
17,286
327
15,294
12,732
11,976
10,609
34,016
7,086
6,325
234,408
229,864
80,487
131,247
18,130
4,544
83,528

1,001,171
686,479
473,521
466,835
44,085
171,104
134,784
37,131
63,305
16,427
175
6,510
212,959
n.a.
3,146
18,969
23,856
860
6,012
43,714
32,646
16,044
55,708
5,912
6,091
271,520
269,774
145,836
108,943
14,961
35
1,746
43,173
1,226,009
911,479
758,540
751,544
48,452
180,547
199,334
86,467
202,203
34,541
6,996
152,939
n.a.
2,020
31,403
19,840
448
15,646
13,546
10,966
11,438
34,047
7,300
6,284
234,527
229,966
78,483
133,377
18,105
4,561
80,003

1,025,046
704,728
487,899
481,727
44,326
184,174
138,700
37,564
59,547
17,415
245
5,928
216,829
n.a.
3,212
20,019
25,468
410
5,181
41,518
31,583
16,254
59,220
6,040
7,924
278,059
276,301
146,562
115,345
14,311
83
1,758
42,259
1,307,586
987,479
829,575
818,169
52,067
197,086
214,988
94,813
228,146
31,070
11,406
157,904
n.a.
2,010
35,666
20,474
359
13,807
12,639
14,375
11,693
33,479
7,079
6,323
239,239
234,040
75,242
141,233
17,565
5,199
80,867

1,111,290
768,969
539,793
530,178
50,310
218,138
140,858
39,271
62,928
18,673
166
9,449
229,176
n.a.
3,613
23,003
33,801
492
5,442
41,368
31,817
17,027
58,784
7,248
6,579
298,761
296,995
158,043
120,339
18,340
273
1,766
43,561
1,350,017
1,022,572
850,668
844,745
54,695
217,409
216,613
99,425
226,928
29,676
5,923
171,904
n.a.
2,155
41,411
28,922
416
14,323
12,671
11,730
12,001
34,364
7,535
6,377
241,547
236,305
67,861
144,987
23,457
5,241
85,898

1,137,754
781,062
547,019
531,254
44,889
214,289
146,361
39,766
63,364
22,586
226
15,540
234,043
n.a.
3,655
22,615
35,643
421
5,374
41,197
31,654
17,659
61,979
6,481
7,364
313,971
312,198
161,566
120,135
29,895
601
1,774
42,721
1,354,860
991,660
818,159
814,222
51,875
206,069
220,835
102,743
205,336
27,364
3,937
173,502
n.a.
2,114
39,434
30,428
364
14,371
13,944
12,499
11,702
35,099
7,233
6,313
268,350
263,157
75,651
149,177
38,329
5,193
94,850

26,464
12,093
7,226
1,076
-5,421
-3,849
5,503
495
436
3,913
60
6,091
4,867
n.a.
42
-388
1,842
-71
-68
-171
-163
632
3,195
-767
785
15,210
15,203
3,523
-204
11,555
328
8
-840
4,843
-30,912
-32,509
-30,523
-2,820
-11,340
4,222
3,318
-21,592
-2,312
-1,986
1,598
n.a.
-41
-1,977
1,506
-52
48
1,273
769
-299
735
-302
-64
26,803
26,852
7,790
4,190
14,872
-48
8,952

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

372
5,903

3,864
6,338

3,492
435

3,819
828

13
1,857

28
1,916

6
3,821

9,078
3,880

9,072
59

65
66

Page 7 of 22

December 21, 2022

Table 1. U.S. International Transactions—Table Ends
[Millions of dollars]
Line

2020

2021

Change:
2020 to
2021

Seasonally adjusted
2021

2022

Change:
2022:Q2 to Line
2022:Q3

Q1
Q3
Q4
Q2 r
Q3 p
Financial account
67 Net U.S. acquisition of financial assets excluding financial
derivatives (net increase in assets / financial outflow (+))
943,091 1,278,599
335,508
466,485
49,404
414,584
409,870
410,967
1,097 67
68
Direct investment assets
271,798
421,749
149,951
87,710
64,912
134,008
99,641
56,720
-42,921 68
69
Equity
291,207
426,081
134,874
70,211
142,683
126,235
82,581
78,078
-4,503 69
70
Debt instruments
-19,409
-4,332
15,077
17,498
-77,771
7,773
17,060
-21,358
-38,418 70
71
Portfolio investment assets
406,364
719,095
312,731
305,649
-106,715
227,966
276,714
368,923
92,209 71
72
Equity and investment fund shares
395,995
154,795
-241,200
112,252
-153,474
113,208
238,719
232,184
-6,535 72
73
Debt securities
10,369
564,299
553,930
193,397
46,759
114,759
37,995
136,739
98,744 73
74
Short term
-24,946
75,613
100,559
3,280
-49,821
-60,384
-32,045
27,238
59,283 74
75
Long term
35,315
488,686
453,371
190,117
96,580
175,142
70,040
109,501
39,461 75
76
Other investment assets
255,956
23,763
-232,193
-39,476
88,194
51,678
32,334
-15,474
-47,808 76
77
Other equity
1,847
1,206
-641
37
0
0
0
0
0 77
78
Currency and deposits
92,767
-47,977
-140,744
-36,617
76,553
29,188
15,681
81,184
65,503 78
79
Loans
169,652
68,611
-101,041
-2,378
10,079
28,703
16,406
-97,775
-114,181 79
80
Insurance technical reserves
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a. 80
81
Trade credit and advances
-8,311
1,922
10,233
-518
1,563
-6,213
248
1,118
870 81
82
Reserve assets
8,974
113,993
105,019
112,603
3,013
932
1,181
797
-384 82
83
Monetary gold
0
0
0
0
0
0
0
0
0 83
84
Special drawing rights
81
113,685
113,604
112,838
835
1,517
1,521
704
-817 84
85
Reserve position in the International Monetary Fund
8,814
460
-8,354
11
2,169
-596
-366
131
497 85
86
Other reserve assets
78
-153
-231
-247
9
11
26
-38
-64 86
87
Currency and deposits
-73
-64
9
-51
-4
-5
-43
-10
33 87
88
Securities
151
-89
-240
-196
13
16
69
-28
-97 88
89
Financial derivatives
0
0
0
0
0
0
0
0
0 89
90
Other claims
0
0
0
0
0
0
0
0
0 90
91 Net U.S. incurrence of liabilities excluding financial derivatives
(net increase in liabilities / financial inflow (+))
1,634,965 1,977,294
342,329
676,601
230,257
656,055
516,175
671,186
155,011 91
92
Direct investment liabilities
148,914
448,325
299,411
161,484
97,255
125,653
70,929
101,387
30,458 92
93
Equity
167,803
380,786
212,983
116,731
102,069
74,242
75,227
86,519
11,292 93
94
Debt instruments
-18,889
67,539
86,428
44,754
-4,814
51,411
-4,298
14,868
19,166 94
95
Portfolio investment liabilities
946,560
676,112
-270,448
200,804
-61,631
246,077
443,379
463,168
19,789 95
96
Equity and investment fund shares
687,417
-19,562
-706,979
129,615
-279,938
-130,365
274,100
208,599
-65,501 96
97
Debt securities
259,144
695,674
436,530
71,189
218,307
376,442
169,279
254,569
85,290 97
98
Short term
269,163
-61,466
-330,629
7,882
53,110
76,997
-105,120
42,398
147,518 98
99
Long term
-10,019
757,140
767,159
63,307
165,198
299,445
274,399
212,171
-62,228 99
100
Other investment liabilities
539,490
852,857
313,367
314,312
194,633
284,325
1,867
106,631
104,764 100
101
Other equity
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a. 101
102
Currency and deposits
319,425
318,654
-771
173,512
-12,459
113,793
10,527
29,491
18,964 102
103
Loans
207,501
402,011
194,510
25,629
197,963
168,218
-15,701
73,095
88,796 103
104
Insurance technical reserves
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a. 104
105
Trade credit and advances
12,564
19,358
6,794
2,336
9,129
2,314
7,041
4,045
-2,996 105
106
Special drawing rights allocations
0
112,834
112,834
112,834
0
0
0
0
0 106
107 Financial derivatives other than reserves, net transactions ³
-5,107
-41,902
-36,795
-7,980
-23,095
5,762
-45,911
-33,940
11,971 107
Statistical discrepancy
108 Statistical discrepancy ⁴
-71,751
108,231
179,982 -41,7305,289 25,20422,734 11,45948,718 -24,795
90,326 -57,295
-82,251 -32,500
-172,577 108
Balances
109 Balance on current account (line 1 less line 34) ⁵
-619,698
-846,354
-226,656
-226,375
-224,837
-282,540
-238,727
-217,106
21,621 109
110
Balance on goods and services (line 2 less line 35)
-653,989
-845,047
-191,058
-219,142
-225,000
-282,751
-253,603
-210,598
43,005 110
111
Balance on goods (line 3 less line 36)
-913,885 -1,090,296
-176,411
-272,579
-285,019
-341,676
-310,875
-271,139
39,736 111
112
Balance on services (line 13 less line 45)
259,896
245,248
-14,648
53,437
60,020
58,925
57,272
60,542
3,270 112
113
Balance on primary income (line 26 less line 58)
163,090
139,493
-23,597
33,568
36,993
38,819
57,214
45,621
-11,593 113
114
Balance on secondary income (line 33 less line 64)
-128,799
-140,800
-12,001
-40,800
-36,831
-38,608
-42,338
-52,129
-9,791 114
115 Balance on capital account (line 65 less line 66) ⁵
-5,532
-2,474
3,058
2,990
-1,844
-1,888
-3,815
5,198
9,013 115
116 Net lending (+) or net borrowing (–) from current- and capitalaccount transactions (line 109 plus line 115) ⁶
-625,229
-848,828
-223,599
-223,384
-226,681
-284,428
-242,542
-211,908
30,634 116
117 Net lending (+) or net borrowing (–) from financial-account
transactions (line 67 less line 91 plus line 107) ⁶
-696,980
-740,597
-43,617
-218,096
-203,948
-235,710
-152,216
-294,159
-141,943 117
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 NIPA table 4.3C.

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

December 21, 2022

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

2020
1,432,218
1,407,355
835
24,028
1,407,355
139,280
132,267
29,453
6,451
10,203
2,005
10,794
26,587
20,478
24,229
31,521
7,013
4,578
2,435
450,606
18,391
5,959
677
835
10,919
432,216
168,083
138,431
49,563
30,031
42,733
16,104
9,923
18,662
1,067
19,333
10,544
111,153
34,626
8,172
8,953
26,342
33,060
11,535
32,033
79,534
6,940
11,861
36,458
17,738
6,143
6,380
6,197
24,276

2021
1,761,364
1,729,061
832
31,472
1,729,061
164,749
156,945
42,209
7,416
19,773
2,048
12,973
28,546
25,055
25,493
35,642
7,803
5,434
2,369
616,784
20,646
5,698
834
1,185
12,929
596,138
263,511
207,114
69,269
36,108
70,864
30,873
14,803
40,107
1,488
22,852
12,428
137,847
44,098
9,759
10,881
33,985
39,124
14,485
37,825
107,190
10,497
16,207
50,502
24,936
8,342
9,969
7,256
29,984

Page 9 of 22

Change:
2020 to
2021
329,146
321,706
-3
7,444
321,706
25,469
24,678
12,756
965
9,570
43
2,179
1,959
4,577
1,264
4,121
790
856
-66
166,178
2,255
-261
157
350
2,010
163,922
95,428
68,683
19,706
6,077
28,131
14,769
4,880
21,445
421
3,519
1,884
26,694
9,472
1,587
1,928
7,643
6,064
2,950
5,792
27,656
3,557
4,346
14,044
7,198
2,199
3,589
1,059
5,708

Seasonally adjusted
2021

2022

Q3

Q4

Q1

441,893
434,603
234
7,056
434,603
38,432
36,438
9,701
2,052
4,059
533
3,057
4,791
6,513
6,489
8,944
1,995
1,461
534
158,428
5,293
1,443
249
347
3,253
153,135
68,286
53,070
17,155
8,841
18,971
8,103
3,857
10,984
375
5,934
3,107
35,355
11,317
2,692
2,702
8,891
9,753
3,791
9,539
27,124
2,858
4,240
12,440
5,926
2,129
2,574
1,811
7,585

473,521
466,835
175
6,510
466,835
44,085
41,945
10,391
1,751
4,634
574
3,431
9,789
6,362
6,194
9,208
2,139
1,491
649
171,104
5,129
1,332
157
317
3,323
165,975
79,352
62,146
20,698
11,001
20,893
9,554
4,871
11,933
401
6,026
3,204
36,563
11,816
2,877
2,786
9,184
9,899
3,712
9,827
27,290
2,589
4,458
12,214
5,280
2,376
2,363
2,194
8,030

487,899
481,727
245
5,928
481,727
44,326
42,205
11,917
2,131
5,644
490
3,652
7,568
6,644
6,481
9,595
2,121
1,355
766
184,174
6,018
2,048
141
290
3,539
178,156
87,102
70,824
24,022
13,768
23,509
9,525
5,230
10,726
322
6,224
3,354
39,284
12,383
3,153
2,933
10,433
10,382
3,734
10,154
28,304
2,686
4,809
12,596
5,629
2,373
2,541
2,054
8,214

Q2 r
539,793
530,178
166
9,449
530,178
50,310
48,123
12,324
1,950
5,862
454
4,058
11,882
6,867
7,265
9,785
2,187
1,459
728
218,138
6,586
2,617
184
284
3,501
211,551
116,627
90,485
30,484
18,025
31,033
10,944
7,557
18,176
409
6,481
3,412
41,244
13,031
3,838
3,367
10,550
10,458
4,030
10,577
29,179
2,959
5,110
12,388
4,717
2,753
2,516
2,402
8,723

Q3 p
547,019
531,254
226
15,540
531,254
44,889
42,636
10,945
2,601
4,293
464
3,586
8,304
6,741
6,827
9,820
2,253
1,559
694
214,289
6,217
2,497
118
281
3,321
208,072
114,321
85,970
31,251
17,406
28,027
9,285
6,821
21,069
461
6,652
3,392
41,648
12,854
4,388
3,505
10,035
10,867
3,812
10,686
27,561
2,297
4,975
11,715
4,478
2,557
2,274
2,406
8,574

Change:
2022:Q2 to Line
2022:Q3
7,226
1,076
60
6,091
1,076
-5,421
-5,487
-1,379
651
-1,569
10
-472
-3,578
-126
-438
35
66
100
-34
-3,849
-369
-120
-66
-3
-180
-3,479
-2,306
-4,515
767
-619
-3,006
-1,659
-736
2,893
52
171
-20
404
-177
550
138
-515
409
-218
109
-1,618
-662
-135
-673
-239
-196
-242
4
-149

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

December 21, 2022

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)

2020

2021

462,894
386,326
49,661
15,512
21,619
5,103
22,319
77,424
14,276
15,953
25,232
57,634
31,047
1,892
48,653
71,993
16,617
55,375
4,575
128,834
46,318
10,562
14,339
5,211
16,206
82,517
34,956
3,800
11,891
31,870
174,009
91,820
9,318
59,203
12,474
10,825
82,189
2,484
3,623
8,153
36,532
4,188
5,783
26,561
15,803
11,651
3,943
51,731
835
24,028

520,769
436,386
55,367
17,086
23,284
6,241
24,068
92,027
17,236
17,565
29,112
66,490
32,602
2,009
53,300
79,894
24,247
55,648
4,489
144,066
50,753
13,545
16,379
5,009
15,820
93,313
40,376
4,759
13,541
34,637
221,720
119,588
11,095
83,207
13,267
12,018
102,132
2,587
3,820
10,901
44,696
4,829
6,977
32,891
18,669
16,698
4,761
60,974
832
31,472

Page 10 of 22

Change:
2020 to
2021
57,875
50,060
5,706
1,574
1,665
1,138
1,749
14,603
2,960
1,612
3,880
8,856
1,555
117
4,647
7,901
7,630
273
-86
15,232
4,435
2,983
2,040
-202
-386
10,796
5,420
959
1,650
2,767
47,711
27,768
1,777
24,004
793
1,193
19,943
103
197
2,748
8,164
641
1,194
6,330
2,866
5,047
818
9,243
-3
7,444

Seasonally adjusted
2021
Q3
130,800
109,350
13,842
4,191
5,677
1,561
6,065
23,284
4,438
4,309
7,477
16,616
7,940
467
13,481
20,349
5,900
14,450
1,100
34,398
11,839
3,339
3,734
1,104
3,662
22,559
9,847
1,020
3,343
8,350
57,671
31,574
2,711
22,535
3,329
2,999
26,097
653
977
2,762
11,029
1,182
1,737
8,110
4,980
4,429
1,268
14,874
234
7,056

2022
Q4
134,784
111,212
14,232
4,200
5,944
1,580
6,110
23,945
4,359
4,520
7,592
16,907
8,040
502
13,280
22,340
7,317
15,023
1,232
37,131
14,271
3,634
5,000
1,284
4,353
22,860
9,298
1,264
3,498
8,800
63,305
35,719
2,995
26,303
3,346
3,075
27,586
695
926
2,697
11,399
1,180
1,747
8,472
5,646
4,990
1,234
16,427
175
6,510

Q1
138,700
114,876
15,257
4,538
6,372
1,638
6,663
23,697
4,547
4,570
7,599
17,170
8,455
512
13,858
22,661
7,628
15,033
1,163
37,564
13,612
3,519
3,856
1,247
4,990
23,952
9,472
1,113
3,492
9,875
59,547
31,628
3,059
22,022
3,374
3,173
27,919
718
1,073
3,026
11,602
1,285
1,918
8,400
5,199
5,039
1,261
17,415
245
5,928

Q2 r
140,858
115,762
15,412
4,782
6,337
1,667
6,713
24,477
5,007
4,477
7,461
16,590
8,139
506
14,195
23,719
8,705
15,013
1,377
39,271
14,819
3,911
4,832
1,233
4,843
24,452
9,817
1,470
3,899
9,267
62,928
32,209
3,198
22,087
3,645
3,279
30,720
783
1,007
3,251
12,429
1,459
1,995
8,974
6,600
5,365
1,285
18,673
166
9,449

Q3 p
146,361
121,264
16,040
5,005
6,888
1,762
7,099
25,781
5,528
4,767
8,153
16,574
8,672
501
14,495
23,700
6,431
17,269
1,397
39,766
14,136
4,082
4,325
1,113
4,616
25,630
10,758
1,388
3,909
9,575
63,364
33,557
3,168
23,554
3,664
3,172
29,806
753
946
3,364
11,837
1,415
1,846
8,576
6,156
5,337
1,415
22,586
226
15,540

Change:
2022:Q2 to Line
2022:Q3
5,503
5,502
628
223
551
95
386
1,304
521
290
692
-16
533
-5
300
-19
-2,274
2,256
20
495
-683
171
-507
-120
-227
1,178
941
-82
10
308
436
1,348
-30
1,467
19
-107
-914
-30
-61
113
-592
-44
-149
-398
-444
-28
130
3,913
60
6,091

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

December 21, 2022

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

2020
2,346,103
2,284,441
61,662
2,284,441
155,445
123,981
4,425
3,014
12,566
39,603
12,122
52,251
31,464
21,502
9,963
429,307
11,762
417,545
137,407
125,185
79,931
16,982
26,274
1,998
2,019
5,677
4,526
10,793
13,220
76,534
15,851
10,353
7,624
26,312
16,394
38,424
37,707
103,459
6,178
29,838
43,658
20,225
11,046
12,388
23,785

2021
2,851,660
2,825,919
25,741
2,825,919
183,323
143,314
5,194
3,058
15,505
44,388
14,292
60,877
40,009
28,049
11,961
641,595
15,029
626,566
236,454
216,227
136,892
28,681
46,869
3,785
2,466
11,716
6,046
13,008
16,067
103,193
24,157
16,274
9,758
33,996
19,008
54,560
45,224
158,061
11,635
49,866
65,930
28,957
17,788
19,185
30,629

Page 11 of 22

Change:
2020 to
2021
505,557
541,478
-35,921
541,478
27,878
19,333
769
44
2,939
4,785
2,170
8,626
8,545
6,547
1,998
212,288
3,267
209,021
99,047
91,042
56,961
11,699
20,595
1,787
447
6,039
1,520
2,215
2,847
26,659
8,306
5,921
2,134
7,684
2,614
16,136
7,517
54,602
5,457
20,028
22,272
8,732
6,742
6,797
6,844

Seasonally adjusted
2021

2022

Q3

Q4

Q1

714,472
709,165
5,307
709,165
47,169
36,847
1,527
638
4,277
11,238
3,797
15,370
10,321
7,147
3,174
168,378
3,874
164,504
63,162
57,674
36,804
7,166
12,886
817
606
3,155
1,727
3,373
4,093
28,174
6,748
4,367
2,564
9,832
4,663
12,866
11,569
41,267
3,461
13,669
16,527
6,700
4,598
5,229
7,610

758,540
751,544
6,996
751,544
48,452
37,968
1,533
633
4,439
11,814
3,601
15,947
10,484
7,385
3,099
180,547
4,215
176,331
69,555
63,684
41,121
8,413
12,965
1,185
735
3,618
1,517
3,593
4,188
29,163
6,878
5,184
2,778
9,216
5,107
13,478
12,029
44,326
3,165
15,546
17,149
6,118
5,767
5,264
8,466

829,575
818,169
11,406
818,169
52,067
40,089
1,611
784
4,748
12,055
3,496
17,394
11,978
8,331
3,647
197,086
4,215
192,871
78,292
71,110
47,185
9,170
13,320
1,435
697
4,709
1,776
3,562
4,421
32,527
6,936
5,039
3,066
9,523
7,962
15,868
12,989
45,212
3,339
15,728
16,652
5,633
5,447
5,573
9,493

Q2 r
850,668
844,745
5,923
844,745
54,695
42,049
1,869
918
4,175
12,555
3,783
18,748
12,647
8,789
3,858
217,409
4,580
212,829
93,687
85,296
55,333
10,735
18,148
1,080
717
5,613
2,061
3,999
4,690
31,724
7,040
5,787
3,483
10,301
5,112
15,773
13,473
49,485
3,581
16,220
19,371
6,130
7,234
6,007
10,314

Q3 p
818,159
814,222
3,937
814,222
51,875
41,660
2,165
743
3,934
12,377
3,833
18,608
10,215
6,599
3,617
206,069
4,637
201,432
90,377
81,439
53,519
9,247
17,685
988
813
5,650
2,474
4,517
4,295
30,969
6,764
6,000
3,837
9,146
5,222
13,441
12,951
44,882
3,667
15,332
16,017
4,877
5,985
5,156
9,866

Change:
2022:Q2 to Line
2022:Q3
-32,509
-30,523
-1,986
-30,523
-2,820
-389
296
-175
-241
-178
50
-140
-2,432
-2,190
-241
-11,340
57
-11,397
-3,310
-3,857
-1,814
-1,488
-463
-92
96
37
413
518
-395
-755
-276
213
354
-1,155
110
-2,332
-522
-4,603
86
-888
-3,354
-1,253
-1,249
-851
-448

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

December 21, 2022

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

2020

2021

Change:
2020 to
2021

Seasonally adjusted
2021

2022

Q1
Q3
Q4
Q2 r
Q3 p
150
Capital goods except automotive
647,208
764,758
117,550
192,318
199,334
214,988
216,613
220,835
151
Machinery and equipment except consumer-type
598,006
718,516
120,510
180,945
188,505
202,179
203,648
207,044
152
Electric-generating machinery, electric apparatus and parts
78,896
99,579
20,683
25,227
26,632
29,439
31,077
32,151
153
Oil-drilling, mining, and construction machinery
15,149
20,879
5,730
5,517
6,168
7,005
7,219
8,069
154
Industrial engines, pumps, and compressors
24,087
27,781
3,694
7,107
7,232
7,391
7,776
7,754
155
Machine tools and metalworking machinery
10,819
12,267
1,448
3,107
3,150
3,323
3,533
3,330
156
Measuring, testing, and control instruments
19,770
22,890
3,120
5,720
5,943
6,239
6,194
6,394
157
Other industrial machinery
93,943
113,410
19,467
28,938
29,624
31,588
32,626
32,447
158
Other service-industry and agricultural machinery
33,194
42,457
9,263
10,730
11,060
12,015
12,508
12,354
159
Computers
89,125
100,062
10,937
24,040
26,194
28,468
24,828
27,614
160
Computer accessories, peripherals, and parts
56,713
69,605
12,892
18,348
18,643
20,581
20,463
19,196
161
Semiconductors
58,732
70,160
11,428
17,933
18,301
19,048
20,154
19,211
162
Telecommunications equipment
58,368
66,113
7,745
15,979
17,661
18,914
19,099
20,630
163
Other office and business machines
4,678
5,186
508
1,295
1,261
1,407
1,396
1,349
164
Scientific, hospital, and medical equipment and parts
54,531
68,128
13,597
17,006
16,636
16,761
16,775
16,544
165
Civilian aircraft, engines, and parts
44,876
41,531
-3,345
10,165
9,442
11,465
11,303
11,877
166
Civilian aircraft, complete, all types
14,140
13,272
-868
3,034
2,214
3,419
2,650
3,123
167
Engines and parts
30,736
28,260
-2,476
7,130
7,228
8,046
8,653
8,755
168
Other transportation equipment
4,327
4,711
384
1,207
1,386
1,344
1,662
1,914
169
Automotive vehicles, parts, and engines
309,865
347,898
38,033
83,781
86,467
94,813
99,425
102,743
170
From Canada
45,625
44,023
-1,602
10,340
11,728
11,881
13,250
12,581
171
Passenger cars, new and used
29,073
24,904
-4,169
5,693
6,707
6,612
7,261
6,200
172
Trucks, buses, and special purpose vehicles
2,795
2,866
71
677
717
931
1,291
1,601
173
Engines and engine parts
2,724
2,776
52
607
787
694
807
827
174
Other parts and accessories
11,034
13,477
2,443
3,363
3,517
3,645
3,891
3,953
175
From other areas
264,239
303,875
39,636
73,441
74,739
82,931
86,175
90,161
176
Passenger cars, new and used
112,150
118,633
6,483
27,596
28,127
32,747
31,754
34,928
177
Trucks, buses, and special purpose vehicles
33,563
40,884
7,321
9,223
10,979
10,611
12,146
12,290
178
Engines and engine parts
22,101
26,910
4,809
6,991
6,567
7,028
7,387
7,387
179
Other parts and accessories
96,425
117,448
21,023
29,632
29,066
32,545
34,887
35,556
180
Consumer goods except food and automotive
639,900
767,137
127,237
186,690
202,203
228,146
226,928
205,336
181
Nondurable goods
331,208
362,560
31,352
88,464
95,781
105,770
108,680
99,494
182
Apparel, footwear, and household goods
134,324
150,604
16,280
35,265
41,113
46,956
49,208
43,297
183
Medicinal, dental, and pharmaceutical products
162,932
171,245
8,313
42,907
43,926
47,084
47,088
44,545
184
Toiletries and cosmetics
12,664
14,875
2,211
3,723
3,847
4,193
4,297
4,171
185
Other nondurable goods
21,289
25,835
4,546
6,569
6,895
7,537
8,087
7,481
186
Durable goods
308,691
404,577
95,886
98,226
106,423
122,376
118,248
105,842
187
Televisions, video receivers, and other video equipment
21,718
24,653
2,935
6,265
6,349
6,724
5,249
4,997
188
Radio and stereo equipment, including recorded media
11,842
16,004
4,162
3,586
4,078
4,559
4,564
4,241
189
Toys and sporting goods, including bicycles
44,025
61,823
17,798
14,590
15,893
19,107
18,941
16,684
190
Household and kitchen appliances and other household goods
186,428
231,949
45,521
55,638
61,543
70,101
68,283
60,710
191
Household furnishings and related products
37,869
47,620
9,751
12,104
10,982
14,425
14,565
11,709
192
Household and kitchen appliances
33,135
40,971
7,836
10,085
10,302
12,205
11,203
9,880
193
Other household goods, including cell phones
115,424
143,358
27,934
33,449
40,258
43,471
42,515
39,121
194
Jewelry and collectibles
20,328
34,001
13,673
8,953
8,737
9,684
10,152
8,841
195
Gem diamonds and other gemstones
14,411
23,290
8,879
6,084
6,528
8,437
7,497
6,624
196
Other durable goods
9,938
12,856
2,918
3,109
3,295
3,764
3,562
3,745
197
Other general merchandise
102,717
121,207
18,490
30,829
34,541
31,070
29,676
27,364
198
Nonmonetary gold (line 107)
61,662
25,741
-35,921
5,307
6,996
11,406
5,923
3,937
199 Balance on goods (line 1 less line 105)
-913,885 -1,090,296
-176,411
-272,579
-285,019
-341,676
-310,875
-271,139
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:
2022:Q2 to Line
2022:Q3
4,222
3,396
1,074
850
-22
-203
200
-179
-154
2,786
-1,267
-943
1,531
-47
-231
574
473
102
252
3,318
-669
-1,061
310
20
62
3,986
3,174
144
0
669
-21,592
-9,186
-5,911
-2,543
-126
-606
-12,406
-252
-323
-2,257
-7,573
-2,856
-1,323
-3,394
-1,311
-873
183
-2,312
-1,986
39,736

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

December 21, 2022

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.

2020

2021

726,433
n.a.
13,196
57,168
17,782
3,769
14,013
34,704
11,817
16,034
6,853
4,682
72,481
11,964
6,778
5,186
60,517
267
38,710
21,540
2,395
2,395
n.a.
20,277
1,735
16,146
2,395
151,033
132,010
10,955
3,911
23,983
61,348
7,661
24,153
19,023
115,558
23,575
52,459
34,388
5,136
56,456
7,837
42,102
6,518
195,046
44,684
112,772
37,590
20,820
14,826
427
5,566
22,003

795,273
n.a.
12,526
65,777
19,558
4,202
15,356
41,405
12,759
21,507
7,139
4,815
70,214
13,689
8,731
4,958
56,525
184
32,104
24,238
3,129
3,129
n.a.
22,741
1,970
17,978
2,793
171,740
152,977
12,672
5,057
28,908
68,715
9,868
27,756
18,764
124,613
27,267
56,396
36,628
4,322
59,797
7,563
45,254
6,980
217,426
47,185
132,452
37,789
23,915
16,195
501
7,220
23,394

Page 13 of 22

Change:
2020 to
2021
68,840
n.a.
-670
8,609
1,776
433
1,343
6,701
942
5,473
286
133
-2,267
1,725
1,953
-228
-3,992
-83
-6,606
2,698
734
734
n.a.
2,464
235
1,832
398
20,707
20,967
1,717
1,146
4,925
7,367
2,207
3,603
-259
9,055
3,692
3,937
2,240
-814
3,341
-274
3,152
462
22,380
2,501
19,680
199
3,095
1,369
74
1,654
1,391

Seasonally adjusted
2021

2022

Q3

Q4

Q1

Q2 r

Q3 p

199,688
n.a.
3,302
16,508
4,842
1,067
3,774
10,490
3,247
5,378
1,865
1,176
17,412
3,333
2,264
1,069
14,079
47
8,505
5,527
825
825
n.a.
5,905
501
4,701
704
43,442
38,487
2,974
1,196
7,593
17,204
2,590
6,930
4,955
31,080
7,355
13,683
8,995
1,047
14,696
1,797
11,175
1,723
54,829
11,574
33,831
9,425
5,970
4,064
106
1,800
5,720

212,959
n.a.
3,146
18,969
4,911
1,052
3,859
12,835
4,812
5,741
2,282
1,222
23,856
4,583
2,265
2,318
19,274
47
8,596
10,631
860
860
n.a.
6,012
494
4,827
691
43,714
38,718
2,573
1,127
7,782
17,745
2,389
7,103
4,996
32,646
6,425
15,534
9,658
1,029
16,044
1,993
12,177
1,873
55,708
12,531
33,576
9,601
5,912
3,988
160
1,764
6,091

216,829
n.a.
3,212
20,019
5,158
1,156
4,002
13,587
4,841
6,439
2,308
1,274
25,468
4,986
2,670
2,316
20,482
77
8,918
11,487
410
410
n.a.
5,181
502
4,034
644
41,518
36,863
3,095
756
8,347
15,984
1,916
6,766
4,655
31,583
6,787
13,930
9,888
978
16,254
2,044
12,313
1,897
59,220
14,249
34,938
10,033
6,040
4,214
101
1,725
7,924

229,176
n.a.
3,613
23,003
5,219
1,188
4,032
16,372
6,966
6,527
2,879
1,411
33,801
6,611
2,697
3,915
27,190
107
9,181
17,902
492
492
n.a.
5,442
514
4,260
668
41,368
36,223
2,857
436
8,007
16,283
1,875
6,766
5,145
31,817
7,396
13,803
9,469
1,150
17,027
1,886
12,554
2,588
58,784
13,447
34,896
10,441
7,248
5,325
145
1,778
6,579

234,043
n.a.
3,655
22,615
5,001
1,128
3,873
16,400
7,369
6,130
2,901
1,214
35,643
7,155
2,654
4,501
28,489
138
9,882
18,469
421
421
n.a.
5,374
522
4,195
658
41,197
35,078
2,681
442
8,005
15,475
1,824
6,651
6,119
31,654
6,555
14,579
9,423
1,097
17,659
2,040
13,101
2,518
61,979
12,823
38,896
10,260
6,481
4,763
162
1,556
7,364

Change:
2022:Q2 to Line
2022:Q3
4,867
n.a.
42
-388
-218
-60
-159
28
403
-397
22
-197
1,842
544
-43
586
1,299
31
701
567
-71
-71
n.a.
-68
8
-65
-10
-171
-1,145
-176
6
-2
-808
-51
-115
974
-163
-841
776
-46
-53
632
154
547
-70
3,195
-624
4,000
-181
-767
-562
17
-222
785

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

December 21, 2022

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

2020

2021

Change:
2020 to
2021

Seasonally adjusted
2021

2022

Q1
Q3
Q4
Q2 r
Q3 p
55 Imports of services (table 1, line 45)
466,537
550,025
83,488
146,251
152,939
157,904
171,904
173,502
56
Manufacturing services on physical inputs owned by others
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
57
Maintenance and repair services n.i.e.
6,203
7,982
1,779
1,991
2,020
2,010
2,155
2,114
58
Transport
72,763
105,255
32,492
28,610
31,403
35,666
41,411
39,434
59
Sea transport
34,159
55,904
21,745
15,237
16,929
19,399
20,112
18,638
60
Freight
32,176
53,923
21,747
14,763
16,462
18,937
19,645
18,147
61
Port
1,983
1,981
-2
474
466
461
467
491
62
Air transport
35,062
45,304
10,242
12,374
13,444
15,237
20,209
19,726
63
Passenger
13,371
16,635
3,264
5,296
5,511
7,015
12,274
12,279
64
Freight
9,343
13,601
4,258
3,495
3,897
3,715
3,367
3,015
65
Port
12,348
15,068
2,720
3,582
4,036
4,507
4,568
4,432
66
Other modes of transport
3,542
4,047
505
999
1,031
1,030
1,090
1,070
67
Travel (for all purposes including education) ¹
34,159
56,851
22,692
17,286
19,840
20,474
28,922
30,428
68
Business
4,852
6,410
1,558
1,861
2,047
1,973
3,325
3,739
69
Expenditures by border, seasonal, and other short-term workers
1,031
1,074
43
271
276
319
324
324
70
Other business travel
3,821
5,337
1,516
1,591
1,771
1,654
3,001
3,415
71
Personal
29,307
50,440
21,133
15,425
17,794
18,501
25,597
26,690
72
Health related
235
312
77
81
83
110
137
167
73
Education related
5,030
4,590
-440
1,264
1,420
1,458
1,530
2,024
74
Other personal travel
24,042
45,538
21,496
14,080
16,291
16,934
23,930
24,499
75
Construction
1,131
1,495
364
327
448
359
416
364
76
Construction in the United States
818
947
129
173
294
241
310
253
77
U.S. contractors' expenditures abroad
313
548
235
154
154
117
106
111
78
Insurance services
57,673
59,377
1,704
15,294
15,646
13,807
14,323
14,371
79
Direct insurance
5,395
6,520
1,125
1,705
1,631
1,596
1,684
1,695
80
Reinsurance
50,066
50,364
298
12,952
13,391
11,628
12,034
12,077
81
Auxiliary insurance services
2,212
2,492
280
636
624
583
605
599
82
Financial services
45,314
49,529
4,215
12,732
13,546
12,639
12,671
13,944
83
Explicitly charged and other financial services
37,945
42,392
4,447
10,875
11,510
10,488
10,163
10,891
84
Brokerage and market-making services
5,629
6,189
560
1,563
1,672
1,654
1,530
1,605
85
Underwriting and private placement services
661
953
292
241
237
209
178
174
86
Credit card and other credit-related services
8,701
10,442
1,741
2,751
2,852
2,938
3,013
3,285
87
Financial management services
13,950
15,625
1,675
3,937
4,353
3,375
3,154
3,589
88
Financial advisory and custody services
4,172
4,614
442
1,247
1,181
1,230
1,116
956
89
Securities lending, electronic funds transfer, and other services
4,833
4,567
-266
1,135
1,214
1,081
1,172
1,282
90
Financial intermediation services indirectly measured
7,369
7,137
-232
1,858
2,036
2,151
2,508
3,053
91
Charges for the use of intellectual property n.i.e.
47,708
43,342
-4,366
11,976
10,966
14,375
11,730
12,499
92
Franchises and trademarks licensing fees
4,798
5,915
1,117
1,600
1,628
1,574
1,716
1,611
93
Licenses for the use of outcomes of research and development ²
29,870
22,313
-7,557
5,611
5,683
7,245
5,916
6,825
94
Licenses to reproduce and/or distribute computer software
11,537
11,984
447
3,045
3,046
3,731
3,527
3,521
95
Licenses to reproduce and/or distribute audiovisual products
1,503
3,130
1,627
1,720
609
1,824
571
543
96
Telecommunications, computer, and information services
39,728
43,142
3,414
10,609
11,438
11,693
12,001
11,702
97
Telecommunications services
5,193
5,607
414
1,335
1,484
1,492
1,407
1,308
98
Computer services
31,627
33,594
1,967
8,371
8,564
8,818
9,298
9,163
99
Information services
2,908
3,941
1,033
902
1,390
1,384
1,296
1,230
100
Other business services
112,979
129,601
16,622
34,016
34,047
33,479
34,364
35,099
101
Research and development services
29,718
32,913
3,195
8,142
8,253
8,385
8,555
9,203
102
Professional and management consulting services
56,727
63,586
6,859
17,070
16,740
16,927
16,991
16,615
103
Technical, trade-related, and other business services ³
26,534
33,103
6,569
8,804
9,055
8,168
8,818
9,281
104
Personal, cultural, and recreational services
24,325
28,304
3,979
7,086
7,300
7,079
7,535
7,233
105
Audiovisual services
20,287
23,888
3,601
5,980
6,127
5,897
6,307
6,063
106
Artistic-related services
1,405
1,481
76
398
388
438
461
473
107
Other personal, cultural, and recreational services
2,633
2,934
301
708
785
744
767
696
108
Government goods and services n.i.e.
24,553
25,147
594
6,325
6,284
6,323
6,377
6,313
109 Balance on services (line 1 less line 55)
259,896
245,248
-14,648
53,437
60,020
58,925
57,272
60,542
Supplemental detail on insurance transactions:
110 Premiums received
37,948
43,163
5,215
11,332
11,536
10,051
10,858
10,822
111 Losses paid
20,781
23,584
2,803
6,085
6,220
6,526
6,847
7,159
112 Premiums paid
141,735
149,835
8,100
39,023
40,097
36,019
38,081
38,307
113 Losses recovered
100,091
106,794
6,703
29,480
25,407
25,088
25,004
33,872
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

Change:
2022:Q2 to Line
2022:Q3
1,598
n.a.
-41
-1,977
-1,474
-1,498
24
-483
5
-352
-136
-20
1,506
414
0
414
1,093
30
494
569
-52
-57
5
48
11
43
-6
1,273
728
75
-4
272
435
-160
110
545
769
-105
909
-6
-28
-299
-99
-135
-66
735
648
-376
463
-302
-244
12
-71
-64
3,270

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
105
106
107
108
109

-36
312
226
8,868

110
111
112
113

December 21, 2022

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

2020

2021

Change:
2020 to
2021

Seasonally adjusted
2021
Q3

2022
Q4

Q1

Q2 r

Q3 p

1 Primary income receipts (table 1, line 26)
936,236 1,052,080
115,844
267,976
271,520
278,059
298,761
313,971
2
Investment income
929,608 1,045,181
115,573
266,244
269,774
276,301
296,995
312,198
3
Direct investment income
474,585
582,837
108,252
147,463
145,836
146,562
158,043
161,566
4
Income on equity
456,878
568,270
111,392
143,856
142,309
143,147
154,311
157,345
5
Dividends and withdrawals
299,112
233,934
-65,178
74,744
37,632
92,100
84,238
95,171
6
Reinvested earnings
157,766
334,335
176,569
69,112
104,676
51,046
70,073
62,174
7
Interest
17,707
14,568
-3,139
3,607
3,527
3,416
3,732
4,221
8
U.S. parents' receipts
9,929
7,742
-2,187
1,863
1,824
1,812
2,000
2,234
9
U.S. affiliates' receipts
7,778
6,826
-952
1,744
1,703
1,603
1,732
1,987
10
Portfolio investment income
380,207
403,207
23,000
104,031
108,943
115,345
120,339
120,135
11
Income on equity and investment fund shares
255,099
268,672
13,573
69,840
73,342
76,776
79,468
76,681
12
Dividends on equity other than investment fund shares
216,822
231,581
14,759
59,870
63,095
67,003
68,312
64,948
13
Income attributable to investment fund shareholders
38,276
37,090
-1,186
9,970
10,247
9,772
11,157
11,733
14
Interest on debt securities
125,108
134,535
9,427
34,191
35,601
38,569
40,871
43,454
15
Short term
2,502
544
-1,958
135
163
384
1,348
3,096
16
Long term
122,606
133,991
11,385
34,056
35,438
38,185
39,523
40,358
17
Other investment income
74,561
59,220
-15,341
14,980
14,961
14,311
18,340
29,895
18
Interest ¹
60,717
46,023
-14,694
11,653
11,487
11,581
15,628
27,188
19
Income attributable to insurance policyholders
13,845
13,198
-647
3,327
3,474
2,730
2,712
2,707
20
Reserve asset income
255
-84
-339
-231
35
83
273
601
21
Interest
255
-84
-339
-231
35
83
273
601
22
Compensation of employees
6,628
6,899
271
1,732
1,746
1,758
1,766
1,774
23 Primary income payments (table 1, line 58)
773,146
912,587
139,441
234,408
234,527
239,239
241,547
268,350
24
Investment income
758,716
895,030
136,314
229,864
229,966
234,040
236,305
263,157
25
Direct investment income
178,380
303,136
124,756
80,487
78,483
75,242
67,861
75,651
26
Income on equity
138,947
267,703
128,756
71,753
69,786
66,648
59,491
66,458
27
Dividends and withdrawals
58,671
55,796
-2,875
13,973
13,271
16,717
13,995
14,365
28
Reinvested earnings
80,276
211,907
131,631
57,779
56,515
49,932
45,496
52,093
29
Interest
39,433
35,433
-4,000
8,735
8,698
8,594
8,370
9,193
30
U.S. affiliates' payments
33,860
30,497
-3,363
7,492
7,431
7,728
7,332
7,961
31
U.S. parents' payments
5,573
4,936
-637
1,242
1,267
866
1,038
1,232
32
Portfolio investment income
492,302
521,780
29,478
131,247
133,377
141,233
144,987
149,177
33
Income on equity and investment fund shares
175,803
189,098
13,295
47,072
48,228
52,088
51,919
49,073
34
Dividends on equity other than investment fund shares
138,977
152,933
13,956
37,986
38,814
42,746
41,440
39,274
35
Income attributable to investment fund shareholders
36,827
36,166
-661
9,086
9,414
9,341
10,479
9,799
36
Interest on debt securities
316,499
332,682
16,183
84,175
85,149
89,145
93,068
100,104
37
Short term
4,740
729
-4,011
161
223
980
2,918
6,815
38
Long term
311,759
331,953
20,194
84,014
84,926
88,165
90,150
93,289
39
Other investment income
88,033
70,114
-17,919
18,130
18,105
17,565
23,457
38,329
40
Interest ¹
84,432
66,411
-18,021
17,187
17,115
16,806
22,710
37,586
41
Income attributable to insurance policyholders
3,601
3,703
102
943
990
759
747
743
42
Compensation of employees
14,430
17,557
3,127
4,544
4,561
5,199
5,241
5,193
43 Balance on primary income (line 1 less line 23)
163,090
139,493
-23,597
33,568
36,993
38,819
57,214
45,621
Addenda:
44 Other investment interest income receipts before adjusting for FISIM
68,915
56,228
-12,687
14,491
14,374
14,210
18,629
30,844
45 Other investment interest income payments before adjusting for FISIM
80,977
65,022
-15,955
16,926
17,108
16,910
23,035
38,236
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:
2022:Q2 to Line
2022:Q3
15,210
15,203
3,523
3,034
10,933
-7,899
489
234
255
-204
-2,787
-3,364
576
2,583
1,748
835
11,555
11,560
-5
328
328
8
26,803
26,852
7,790
6,967
370
6,597
823
629
194
4,190
-2,846
-2,166
-680
7,036
3,897
3,139
14,872
14,876
-4
-48
-11,593

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

12,215
15,201

44
45

December 21, 2022

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

2020

2021

Change:
2020 to
2021

Seasonally adjusted
2021

2022

Change:
2022:Q2 to Line
2022:Q3

Q1
Q3
Q4
Q2 r
Q3 p
1 Secondary income (current transfer) receipts (table 1, line 33)
165,209
171,436
6,227
42,727
43,173
42,259
43,561
42,721
-840
1
2
General government transfer receipts
31,254
34,318
3,064
8,158
8,727
9,087
9,980
9,122
-858
2
3
Taxes on income, wealth, etc.
27,722
30,645
2,923
7,709
7,937
8,388
8,427
8,319
-108
3
4
International cooperation ¹
742
1,105
363
251
280
307
252
184
-68
4
5
Fines and penalties
2,556
2,270
-286
114
468
324
1,224
560
-664
5
6
Other general government transfer receipts
235
299
64
84
42
68
77
59
-18
6
7
Private transfer receipts
133,955
137,118
3,163
34,570
34,446
33,172
33,581
33,599
18
7
8
Insurance-related transfers
123,759
129,911
6,152
32,752
32,612
31,361
31,835
31,657
-178
8
9
Fines and penalties
3,509
310
-3,199
27
166
50
13
181
168
9
10
Other private transfer receipts ²
6,687
6,897
210
1,791
1,668
1,761
1,733
1,761
28 10
11 Secondary income (current transfer) payments (table 1, line 64)
294,008
312,236
18,228
83,528
80,003
80,867
85,898
94,850
8,952 11
12
General government transfer payments
51,319
57,876
6,557
18,599
13,556
16,519
19,524
27,598
8,074 12
13
Social benefits
7,510
7,729
219
1,948
1,954
2,053
2,140
2,149
9 13
14
International cooperation ¹
39,953
45,668
5,715
15,521
10,509
13,439
16,390
24,456
8,066 14
15
Contributions to international organizations
3,856
4,479
623
1,130
1,093
1,027
994
993
-1 15
16
Other general government transfer payments
0
0
0
0
0
0
0
0
0 16
17
Private transfer payments
242,689
254,360
11,671
64,929
66,447
64,348
66,375
67,252
877 17
18
Personal transfers ³
52,113
55,112
2,999
13,909
14,170
14,429
14,589
14,651
62 18
19
Insurance-related transfers
120,900
129,732
8,832
33,778
34,769
32,051
33,922
34,401
479 19
20
Taxes on income, wealth, etc.
16,590
17,856
1,266
4,581
4,729
4,947
5,005
5,031
26 20
21
Fines and penalties
6,048
2,538
-3,510
187
195
192
12
408
396 21
22
Charitable donations
38,160
40,727
2,567
10,259
10,329
10,452
10,497
10,253
-244 22
23
Transfers to foreign students
7,464
6,956
-508
1,855
1,893
1,913
1,982
2,141
159 23
24
Other private transfer payments
1,414
1,438
24
360
362
365
366
367
1 24
25 Balance on secondary income (line 1 less line 11)
-128,799
-140,800
-12,001
-40,800
-36,831
-38,608
-42,338
-52,129
-9,791 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

December 21, 2022

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

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

2020
Acquisition of assets / transactions for outward investment
Net U.S. acquisition of direct investment assets, asset/liability basis (table 1, line 68) ¹
Equity
Equity other than reinvestment of earnings
Reinvestment of earnings
Debt instruments
U.S. parents' claims
U.S. affiliates' claims
Less: Adjustments to convert to directional basis
U.S. parents' liabilities
U.S. affiliates' claims
Equals: Financial transactions for outward direct investment (U.S. direct investment abroad),
directional basis ²
Equity
Equity other than reinvestment of earnings (line 14 less line 15)
Increases
Decreases
Reinvestment of earnings
Reinvestment of earnings without current-cost adjustment
Current-cost adjustment
Debt instruments (line 20 less line 21)
U.S. parents' claims
U.S. parents' liabilities
Financial transactions without current-cost adjustment for outward direct investment, directional
basis (line 11 less line 18) ²
Manufacturing
Wholesale trade
Finance (including depository institutions) and insurance
Holding companies except bank holding companies
Other
Equity other than reinvestment of earnings
Manufacturing
Wholesale trade
Finance (including depository institutions) and insurance
Holding companies except bank holding companies
Other
Reinvestment of earnings without current-cost adjustment
Manufacturing
Wholesale trade
Finance (including depository institutions) and insurance
Holding companies except bank holding companies
Other
Debt instruments
Manufacturing
Wholesale trade
Finance (including depository institutions) and insurance
Holding companies except bank holding companies
Other

2021

Change:
2020 to
2021

Seasonally adjusted
2021

2022

Q3

Q4

Q1

Q2 r

Q3 p

Change:
2022:Q2 to Line
2022:Q3

271,798
291,207
133,441
157,766
-19,409
-55,156
35,747
39,793
4,046
35,747

421,749
426,081
91,746
334,335
-4,332
13,103
-17,435
43,030
60,465
-17,435

149,951
134,874
-41,695
176,569
15,077
68,259
-53,182
3,237
56,419
-53,182

87,710
70,211
1,099
69,112
17,498
19,836
-2,338
36,545
38,882
-2,338

64,912
142,683
38,007
104,676
-77,771
-64,313
-13,457
-28,993
-15,536
-13,457

134,008
126,235
75,189
51,046
7,773
3,875
3,898
51,068
47,170
3,898

99,641
82,581
12,508
70,073
17,060
11,986
5,073
-3,079
-8,153
5,073

56,720
78,078
15,904
62,174
-21,358
-24,850
3,492
16,607
13,115
3,492

-42,921
-4,503
3,396
-7,899
-38,418
-36,836
-1,581
19,686
21,268
-1,581

1
2
3
4
5
6
7
8
9
10

232,005
291,207
133,441
222,055
88,613
157,766
130,222
27,543
-59,203
-55,156
4,046

378,719
426,081
91,746
152,730
60,984
334,335
305,573
28,762
-47,362
13,103
60,465

146,714
134,874
-41,695
-69,325
-27,629
176,569
175,351
1,219
11,841
68,259
56,419

51,165
70,211
1,099
16,900
15,801
69,112
61,884
7,229
-19,047
19,836
38,882

93,905
142,683
38,007
54,205
16,199
104,676
97,422
7,254
-48,778
-64,313
-15,536

82,940
126,235
75,189
86,549
11,360
51,046
43,694
7,352
-43,295
3,875
47,170

102,720
82,581
12,508
24,092
11,584
70,073
62,675
7,398
20,139
11,986
-8,153

40,113
78,078
15,904
29,092
13,188
62,174
54,740
7,433
-37,965
-24,850
13,115

-62,607
-4,503
3,396
5,000
1,604
-7,899
-7,935
35
-58,104
-36,836
21,268

11
12
13
14
15
16
17
18
19
20
21

204,461
85,264
14,122
-32,737
120,623
17,189
133,441
77,199
-302
8,867
30,558
17,120
130,222
22,994
9,241
6,065
66,215
25,708
-59,203
-14,928
5,183
-47,669
23,851
-25,639

349,957
56,497
22,050
55,842
115,703
99,865
91,746
10,785
257
25,490
10,996
44,217
305,573
50,388
20,568
26,261
142,042
66,314
-47,362
-4,677
1,225
4,092
-37,335
-10667

145,496
-28,767
7,928
88,579
-4,920
82,676
-41,695
-66,414
559
16,623
-19,562
27,097
175,351
27,394
11,327
20,196
75,827
40,606
11,841
10,251
-3,958
51,761
-61,186
14,972

43,936
17,804
8,882
-4,467
6,885
14,832
1,099
840
125
150
-3,419
3,403
61,884
14,776
5,859
2,649
20,783
17,817
-19,047
2,188
2,898
-7,267
-10,478
-6,387

86,651
8,782
3,990
42,961
17,896
13,023
38,007
3,150
-104
22,464
6,295
6,201
97,422
12,277
5,750
9,165
52,068
18,163
-48,778
-6,646
-1,656
11,332
-40,467
-11,341

75,588
22,521
-8,905
-38,921
24,206
76,687
75,189
4,969
-14
12,362
-597
58,468
43,694
14,078
3,341
-32,610
41,844
17,042
-43,295
3,475
-12,232
-18,674
-17,041
1,177

95,321
22,088
6,348
27,846
12,087
26,953
12,508
6,450
36
-910
287
6,646
62,675
13,023
2,290
8,574
17,763
21,025
20,139
2,615
4,022
20,182
-5,963
-717

32,680
7,919
1,720
-6,728
-2,439
32,208
15,904
-486
-37
3,367
4,188
8,872
54,740
7,572
5,008
7,860
11,088
23,213
-37,965
833
-3,251
-17,956
-17,714
123

-62,641
-14,169
-4,628
-34,574
-14,526
5,255
3,396
-6,936
-73
4,277
3,901
2,226
-7,935
-5,451
2,718
-714
-6,675
2,188
-58,104
-1,782
-7,273
-38,138
-11,751
840

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

Page 17 of 22

December 21, 2022

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

2020

2021

Change:
2020 to
2021

Seasonally adjusted
2021

2022

Change:
2022:Q2 to Line
2022:Q3

Q1
Q3
Q4
Q2 r
Q3 p
Incurrence of liabilities / transactions for inward investment
46 Net U.S. incurrence of direct investment liabilities, asset/liability basis (table 1, line 92) ¹
148,914
448,325
299,411
161,484
97,255
125,653
70,929
101,387
30,458 46
47
Equity
167,803
380,786
212,983
116,731
102,069
74,242
75,227
86,519
11,292 47
48
Equity other than reinvestment of earnings
87,527
168,880
81,353
58,951
45,554
24,310
29,731
34,426
4,695 48
49
Reinvestment of earnings
80,276
211,907
131,631
57,779
56,515
49,932
45,496
52,093
6,597 49
50
Debt instruments
-18,889
67,539
86,428
44,754
-4,814
51,411
-4,298
14,868
19,166 50
51
U.S. affiliates' liabilities
-22,936
7,074
30,010
5,871
10,722
4,241
3,855
1,754
-2,101 51
52
U.S. parents' liabilities
4,046
60,465
56,419
38,882
-15,536
47,170
-8,153
13,115
21,268 52
53 Less: Adjustments to convert to directional basis
39,793
43,030
3,237
36,545
-28,993
51,068
-3,079
16,607
19,686 53
54
U.S. parents' liabilities
4,046
60,465
56,419
38,882
-15,536
47,170
-8,153
13,115
21,268 54
55
U.S. affiliates' claims
35,747
-17,435
-53,182
-2,338
-13,457
3,898
5,073
3,492
-1,581 55
56 Equals: Financial transactions for inward direct investment (foreign direct investment in the
United States), directional basis ²
109,121
405,295
296,174
124,940
126,248
74,585
74,008
84,780
10,772 56
57
Equity
167,803
380,786
212,983
116,731
102,069
74,242
75,227
86,519
11,292 57
58
Equity other than reinvestment of earnings (line 59 less line 60)
87,527
168,880
81,353
58,951
45,554
24,310
29,731
34,426
4,695 58
59
Increases
115,720
201,941
86,221
62,793
52,714
28,211
31,746
38,672
6,926 59
60
Decreases
28,193
33,061
4,868
3,842
7,160
3,900
2,015
4,247
2,232 60
61
Reinvestment of earnings
80,276
211,907
131,631
57,779
56,515
49,932
45,496
52,093
6,597 61
62
Reinvestment of earnings without current-cost adjustment
66,193
195,806
129,613
53,677
52,362
45,805
41,378
47,975
6,597 62
63
Current-cost adjustment
14,083
16,101
2,018
4,102
4,153
4,126
4,118
4,118
0 63
64
Debt instruments (line 65 less line 66)
-58,683
24,509
83,192
8,209
24,179
343
-1,219
-1,739
-520 64
65
U.S. affiliates' liabilities
-22,936
7,074
30,010
5,871
10,722
4,241
3,855
1,754
-2,101 65
66
U.S. affiliates' claims
35,747
-17,435
-53,182
-2,338
-13,457
3,898
5,073
3,492
-1,581 66
67 Financial transactions without current-cost adjustment for inward direct investment, directional
basis (line 56 less line 63) ²
95,037
389,194
294,157
120,838
122,095
70,459
69,890
80,662
10,772 67
68
Manufacturing
36,705
180,860
144,155
82,565
33,250
19,510
25,404
35,634
10,230 68
69
Wholesale trade
25,540
48,622
23,082
3,677
22,174
18,060
12,375
14,764
2,389 69
70
Finance (including depository institutions) and insurance
15,088
25,039
9,951
13,710
6,628
2,227
2,252
6,176
3,924 70
71
Other
17,705
134,674
116,969
20,886
60,043
30,661
29,859
24,087
-5,772 71
72
Equity other than reinvestment of earnings
87,527
168,880
81,353
58,951
45,554
24,310
29,731
34,426
4,695 72
73
Manufacturing
46,903
83,631
36,728
49,063
4,545
1,574
8,650
16,157
7,507 73
74
Wholesale trade
8,792
4,363
-4,429
(D)
(D)
(D)
358
(D)
(D) 74
75
Finance (including depository institutions) and insurance
6,004
-11,164
-17,168
2,159
-2,096
-1,712
3,428
1,746
-1,682 75
76
Other
25,828
92,050
66,222
(D)
(D)
(D)
17,294
(D)
(D) 76
77
Reinvestment of earnings without current-cost adjustment
66,193
195,806
129,613
53,677
52,362
45,805
41,378
47,975
6,597 77
78
Manufacturing
40,378
83,715
43,337
21,447
22,529
22,268
18,533
19,196
663 78
79
Wholesale trade
10,766
31,922
21,156
9,089
6,947
8,068
7,695
8,874
1,179 79
80
Finance (including depository institutions) and insurance
7,883
35,788
27,905
11,132
8,518
2,985
-1,841
6,182
8,023 80
81
Other
7,166
44,381
37,215
12,009
14,367
12,484
16,989
13,722
-3,267 81
82
Debt instruments
-58,683
24,509
83,192
8,209
24,179
343
-1,219
-1,739
-520 82
83
Manufacturing
-50,576
13,514
64,090
12,055
6,176
-4,332
-1,780
280
2,060 83
84
Wholesale trade
5,981
12,338
6,357
(D)
(D)
(D)
4,321
(D)
(D) 84
85
Finance (including depository institutions) and insurance
1,201
414
-787
420
205
954
665
-1,752
-2,417 85
86
Other
-15,289
-1,757
13,532
(D)
(D)
(D)
-4,425
(D)
(D) 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

December 21, 2022

Table 7. U.S. International Financial Transactions for Portfolio Investment—Continues
[Millions of dollars]
Line

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

2020
Assets and liabilities by instrument
Net U.S. acquisition of portfolio investment assets (table 1, line 71)
By type of foreign security:
Equity and investment fund shares
Equity other than investment fund shares
Investment fund shares
Debt securities
Short term
Negotiable certificates of deposit
Commercial paper
Other short-term securities
Long term
Government securities
Corporate bonds and notes
Negotiable certificates of deposit
Net U.S. incurrence of portfolio investment liabilities (table 1, line 95)
By type of U.S. security acquired by foreign residents:
Equity and investment fund shares
Equity other than investment fund shares
Investment fund shares
Debt securities
Short term
Treasury bills and certificates
Federally sponsored agency securities
Negotiable certificates of deposit
Commercial paper and other securities
Long term
Treasury bonds and notes
State and local government securities
Federally sponsored agency securities
Corporate bonds and notes
Negotiable certificates of deposit

2021

Change:
2020 to
2021

2021
Q3

Not seasonally adjusted
2022
Q1
Q4
Q2 r

Q3 p

Change:
2022:Q2 to Line
2022:Q3

406,364

719,095

312,731

305,649

-106,715

227,966

276,714

368,923

92,209

1

395,995
333,171
62,824
10,369
-24,946
-24,329
-19,003
18,385
35,315
9,939
29,495
-4,119
946,560

154,795
133,846
20,949
564,299
75,613
44,959
67,395
-36,741
488,686
125,454
355,680
7,552
676,112

-241,200
-199,325
-41,875
553,930
100,559
69,288
86,398
-55,126
453,371
115,515
326,185
11,671
-270,448

112,252
96,223
16,030
193,397
3,280
-8,957
15,383
-3,147
190,117
47,550
144,071
-1,504
200,804

-153,474
-132,034
-21,440
46,759
-49,821
34,403
-100,667
16,443
96,580
23,447
67,355
5,779
-61,631

113,208
98,796
14,411
114,759
-60,384
5,221
-78,078
12,473
175,142
42,121
132,144
877
246,077

238,719
205,203
33,516
37,995
-32,045
97
-19,738
-12,404
70,040
16,366
53,657
16
443,379

232,184
196,660
35,524
136,739
27,238
14,799
-9,533
21,971
109,501
24,759
82,257
2,486
463,168

-6,535
-8,543
2,008
98,744
59,283
14,702
10,205
34,375
39,461
8,393
28,600
2,470
19,789

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

687,417
543,441
143,976
259,144
269,163
311,257
-7,177
11,284
-46,201
-10,019
-244,211
4,850
12,899
213,351
3,092

-19,562
-14,415
-5,147
695,674
-61,466
-55,404
-3,902
-4,090
1,931
757,140
694,993
1,763
-13,118
74,489
-987

-706,979
-557,856
-149,123
436,530
-330,629
-366,661
3,275
-15,374
48,132
767,159
939,204
-3,087
-26,017
-138,862
-4,079

129,615
104,596
25,019
71,189
7,882
-2,765
954
3,917
5,776
63,307
79,256
187
-24,449
7,504
809

-279,938
-225,292
-54,646
218,307
53,110
59,028
309
1,947
-8,175
165,198
145,684
53
16,934
2,124
402

-130,365
-106,985
-23,380
376,442
76,997
20,988
248
19,916
35,845
299,445
193,165
2,755
-12,649
112,061
4,113

274,100
218,777
55,323
169,279
-105,120
-113,904
3,058
13,066
-7,340
274,399
147,077
632
98,308
25,684
2,698

208,599
166,944
41,655
254,569
42,398
25,116
3,596
2,787
10,898
212,171
135,495
1,090
29,603
45,407
576

-65,501
-51,833
-13,668
85,290
147,518
139,020
538
-10,279
18,238
-62,228
-11,582
458
-68,705
19,723
-2,122

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

Page 19 of 22

December 21, 2022

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

2020

2021

Change:
2020 to
2021

2021
Q3

Not seasonally adjusted
2022
Q1
Q4
Q2 r

Q3 p

Change:
2022:Q2 to Line
2022:Q3

406,364
22,048
7,138
14,909
16,752
-1,843
329,520
338,782
-9,262
-42,235
32,974
54,796
50,075
4,721
537
4,184

719,095
34,693
2,599
32,094
-16,671
48,765
605,711
131,024
474,687
91,599
383,088
78,690
21,172
57,518
685
56,833

312,731
12,645
-4,539
17,185
-33,423
50,608
276,191
-207,758
483,949
133,834
350,114
23,894
-28,903
52,797
148
52,649

305,649
10,555
1,915
8,640
-6,104
14,743
257,309
95,243
162,065
9,193
152,872
37,786
15,094
22,692
190
22,502

-106,715
11,397
-2,549
13,946
783
13,163
-108,007
-129,825
21,818
-50,807
72,625
-10,105
-21,100
10,995
202
10,793

227,966
19,211
1,901
17,310
1,567
15,743
171,534
95,983
75,551
-62,429
137,980
37,221
15,323
21,897
477
21,420

276,714
13,185
4,016
9,170
2,412
6,757
222,950
202,184
20,766
-33,940
54,705
40,579
32,519
8,060
-517
8,577

368,923
18,858
3,890
14,967
1,892
13,075
304,081
195,730
108,351
25,207
83,144
45,984
32,563
13,421
138
13,283

92,209
5,673
-126
5,797
-520
6,318
81,131
-6,454
87,585
59,147
28,439
5,405
44
5,361
655
4,706

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

946,560
24,095
13,922
10,174
-3,847
14,021
259,412
197,416
61,996
5,722
-7,177
12,899
56,274
-10,723
66,996
591,157
476,079
115,078
-20,348
135,426
71,896
71,896
67,046
311,257
-244,211
4,850

676,112
-5,935
-6
-5,930
-7,942
2,012
6,785
-6,122
12,908
-17,020
-3,902
-13,118
29,928
6,530
23,398
33,911
-13,434
47,345
-748
48,092
641,352
641,352
639,589
-55,404
694,993
1,763

-270,448
-30,030
-13,928
-16,104
-4,095
-12,009
-252,627
-203,538
-49,088
-22,742
3,275
-26,017
-26,346
17,253
-43,598
-557,246
-489,513
-67,733
19,600
-87,334
569,456
569,456
572,543
-366,661
939,204
-3,087

200,804
16,919
2,466
14,452
13,205
1,247
10,838
38,044
-27,206
-23,495
954
-24,449
-3,711
-6,064
2,354
96,369
89,105
7,264
2,552
4,712
76,679
76,679
76,491
-2,765
79,256
187

-61,631
-15,729
-5,038
-10,691
-11,210
518
-54,895
-80,772
25,877
17,243
309
16,934
8,634
7,965
668
-195,772
-194,128
-1,643
-2,983
1,340
204,766
204,766
204,712
59,028
145,684
53

246,077
55,772
-2,436
58,208
47,371
10,836
-21,130
-38,943
17,812
-12,401
248
-12,649
30,214
-5,298
35,512
-5,473
-88,987
83,514
13,688
69,826
216,908
216,908
214,153
20,988
193,165
2,755

443,379
15,965
4,230
11,735
7,616
4,119
196,557
87,037
109,519
101,366
3,058
98,308
8,154
-266
8,419
197,053
182,833
14,220
-1,624
15,844
33,805
33,805
33,173
-113,904
147,077
632

463,168
12,939
3,517
9,422
6,121
3,300
117,300
67,188
50,111
33,199
3,596
29,603
16,912
2,067
14,845
171,228
137,893
33,334
5,497
27,837
161,701
161,701
160,611
25,116
135,495
1,090

19,789
-3,026
-713
-2,313
-1,495
-819
-79,257
-19,849
-59,408
-68,167
538
-68,705
8,758
2,333
6,426
-25,825
-44,940
19,114
7,121
11,993
127,896
127,896
127,438
139,020
-11,582
458

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

December 21, 2022

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

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

2020
Assets and liabilities by instrument
Net U.S. acquisition of other investment assets (table 1, line 76)
By type of claim on foreign residents:
Other equity ²
Currency and deposits
Currency (short term)
Deposits
Short term
Long term
Loans
Short term
Long term
Insurance technical reserves
Trade credit and advances
Short term
Long term
Net U.S. incurrence of other investment liabilities (table 1, line 100)
By type of liability to foreign residents:
Other equity ²
Currency and deposits
Currency (short term)
Deposits
Short term
Long term
Loans
Short term
Long term
Insurance technical reserves
Trade credit and advances
Short term
Long term
Special drawing rights allocations
Assets by sector of U.S. holder
Net U.S. acquisition of other investment assets (line 1)
Central bank
Currency and deposits
Deposits
Short term
Deposit-taking institutions except central bank
Of which : Interbank transactions
Currency and deposits
Deposits
Of which : Resale agreements
Short term
Long term
Loans
Short term
Long term
Other financial institutions and nonfinancial institutions except general government
Currency and deposits
Deposits
Short term
Long term
Loans
Of which : Resale agreements
Short term
Long term
Insurance technical reserves
Trade credit and advances
Short term
Long term
General government
Other equity ²
Loans
Long term

2021

Change:
2020 to
2021

Q3

Not seasonally adjusted
2022
Q1
Q4
Q2 r

Q3 p

2021

Change:
2022:Q2 to Line
2022:Q3

255,956

23,763

-232,193

-39,476

88,194

51,678

32,334

-15,474

-47,808

1

1,847
92,767
n.a.
92,767
n.a.
n.a.
169,652
n.a.
n.a.
n.a.
-8,311
n.a.
n.a.
539,490

1,206
-47,977
n.a.
-47,977
n.a.
n.a.
68,611
n.a.
n.a.
n.a.
1,922
n.a.
n.a.
852,857

-641
-140,744
n.a.
-140,744
n.a.
n.a.
-101,041
n.a.
n.a.
n.a.
10,233
n.a.
n.a.
313,367

37
-36,617
n.a.
-36,617
n.a.
n.a.
-2,378
n.a.
n.a.
n.a.
-518
n.a.
n.a.
314,312

0
76,553
n.a.
76,553
n.a.
n.a.
10,079
n.a.
n.a.
n.a.
1,563
n.a.
n.a.
194,633

0
29,188
n.a.
29,188
n.a.
n.a.
28,703
n.a.
n.a.
n.a.
-6,213
n.a.
n.a.
284,325

0
15,681
n.a.
15,681
n.a.
n.a.
16,406
n.a.
n.a.
n.a.
248
n.a.
n.a.
1,867

0
81,184
n.a.
81,184
n.a.
n.a.
-97,775
n.a.
n.a.
n.a.
1,118
n.a.
n.a.
106,631

0
65,503
n.a.
65,503
n.a.
n.a.
-114,181
n.a.
n.a.
n.a.
870
n.a.
n.a.
104,764

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

n.a.
319,425
121,325
198,100
n.a.
n.a.
207,501
n.a.
n.a.
n.a.
12,564
n.a.
n.a.
0

n.a.
318,654
48,348
270,306
n.a.
n.a.
402,011
n.a.
n.a.
n.a.
19,358
n.a.
n.a.
112,834

n.a.
-771
-72,977
72,206
n.a.
n.a.
194,510
n.a.
n.a.
n.a.
6,794
n.a.
n.a.
112,834

n.a.
173,512
7,321
166,191
n.a.
n.a.
25,629
n.a.
n.a.
n.a.
2,336
n.a.
n.a.
112,834

n.a.
-12,459
18,284
-30,744
n.a.
n.a.
197,963
n.a.
n.a.
n.a.
9,129
n.a.
n.a.
0

n.a.
113,793
17,425
96,369
n.a.
n.a.
168,218
n.a.
n.a.
n.a.
2,314
n.a.
n.a.
0

n.a.
10,527
2,909
7,617
n.a.
n.a.
-15,701
n.a.
n.a.
n.a.
7,041
n.a.
n.a.
0

n.a.
29,491
3,463
26,028
n.a.
n.a.
73,095
n.a.
n.a.
n.a.
4,045
n.a.
n.a.
0

n.a.
18,964
554
18,411
n.a.
n.a.
88,796
n.a.
n.a.
n.a.
-2,996
n.a.
n.a.
0

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

255,956
14,155
14,155
14,155
14,155
-6,506
42,003
-51,786
-51,786
-34,931
n.a.
n.a.
45,280
n.a.
n.a.
246,883
130,398
130,398
n.a.
n.a.
124,796
90,420
n.a.
n.a.
n.a.
-8,311
n.a.
n.a.
1,423
1,847
-424
-424

23,763
-14,544
-14,544
-14,544
-14,544
52,875
-259
-29,281
-29,281
-33,700
n.a.
n.a.
82,156
n.a.
n.a.
-13,581
-4,153
-4,153
n.a.
n.a.
-11,351
-72,539
n.a.
n.a.
n.a.
1,922
n.a.
n.a.
-988
1,206
-2,194
-2,194

-232,193
-28,699
-28,699
-28,699
-28,699
59,381
-42,262
22,505
22,505
1,231
n.a.
n.a.
36,876
n.a.
n.a.
-260,464
-134,551
-134,551
n.a.
n.a.
-136,147
-162,959
n.a.
n.a.
n.a.
10,233
n.a.
n.a.
-2,411
-641
-1,770
-1,770

-39,476
-241
-241
-241
-241
-25,634
-68,808
-15,107
-15,107
1,957
n.a.
n.a.
-10,527
n.a.
n.a.
-13,013
-21,269
-21,269
n.a.
n.a.
8,773
8,538
n.a.
n.a.
n.a.
-518
n.a.
n.a.
-588
37
-625
-625

88,194
3,012
3,012
3,012
3,012
76,673
65,486
57,647
57,647
56,691
n.a.
n.a.
19,026
n.a.
n.a.
9,825
15,894
15,894
n.a.
n.a.
-7,631
-1,275
n.a.
n.a.
n.a.
1,563
n.a.
n.a.
-1,315
0
-1,315
-1,315

51,678
-2,974
-2,974
-2,974
-2,974
21,270
-4,728
-590
-590
-41,665
n.a.
n.a.
21,860
n.a.
n.a.
35,001
32,752
32,752
n.a.
n.a.
8,462
10,339
n.a.
n.a.
n.a.
-6,213
n.a.
n.a.
-1,619
0
-1,619
-1,619

32,334
-19
-19
-19
-19
43,057
25,587
-3,585
-3,585
12,773
n.a.
n.a.
46,642
n.a.
n.a.
-10,322
19,284
19,284
n.a.
n.a.
-29,854
-14,375
n.a.
n.a.
n.a.
248
n.a.
n.a.
-382
0
-382
-382

-15,474
-47
-47
-47
-47
-6,687
6,391
52,039
52,039
23,946
n.a.
n.a.
-58,726
n.a.
n.a.
-8,097
29,192
29,192
n.a.
n.a.
-38,406
-43,295
n.a.
n.a.
n.a.
1,118
n.a.
n.a.
-643
0
-643
-643

-47,808
-28
-28
-28
-28
-49,744
-19,196
55,624
55,624
11,173
n.a.
n.a.
-105,368
n.a.
n.a.
2,225
9,908
9,908
n.a.
n.a.
-8,552
-28,920
n.a.
n.a.
n.a.
870
n.a.
n.a.
-261
0
-261
-261

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

Page 21 of 22

December 21, 2022

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

2020

2021

Change:
2020 to
2021

2021

Not seasonally adjusted
2022
Q1
Q4
Q2 r

Change:
2022:Q2 to Line
2022:Q3

Q3
Q3 p
Liabilities by sector of U.S. issuer
62 Net U.S. incurrence of other investment liabilities (line 15)
539,490
852,857
313,367
314,312
194,633
284,325
1,867
106,631
63
Central bank
71,821
107,909
36,088
38,976
187
-13,876
21,829
26,470
64
Currency and deposits
71,821
107,909
36,088
38,976
187
-13,876
21,829
26,470
65
Currency (short term)
121,325
48,348
-72,977
7,321
18,284
17,425
2,909
3,463
66
Deposits
-49,504
59,561
109,065
31,655
-18,097
-31,301
18,920
23,007
67
Short term
-49,504
59,561
109,065
31,655
-18,097
-31,301
18,920
23,007
68
Deposit-taking institutions except central bank
210,999
191,474
-19,525
120,963
14,728
151,794
12,313
36,470
Of which : Interbank transactions
69
89,203
85,784
-3,419
104,105
2,651
104,293
50,606
41,260
70
Currency and deposits
171,903
176,051
4,148
131,096
-13,445
95,274
2,614
24,075
71
Deposits
171,903
176,051
4,148
131,096
-13,445
95,274
2,614
24,075
Of which : Repurchase agreements
72
35,519
82,315
46,796
55,066
39,047
-35,963
60,739
-7,908
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
39,096
15,423
-23,673
-10,134
28,172
56,520
9,699
12,395
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
243,330
428,174
184,844
38,599
174,928
143,619
-37,246
40,115
79
Currency and deposits ³
75,702
34,694
-41,008
3,439
798
32,395
-13,917
-21,054
80
Deposits
75,702
34,694
-41,008
3,439
798
32,395
-13,917
-21,054
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
168,405
386,588
218,183
35,763
169,791
111,698
-25,400
60,700
Of which : Repurchase agreements
84
48,624
127,072
78,448
-14,137
21,825
25,682
-49,217
26,256
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
-777
6,893
7,670
-603
4,339
-474
2,070
468
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
13,340
125,299
111,959
115,774
4,790
2,788
4,971
3,577
92
Trade credit and advances
13,340
12,465
-875
2,940
4,790
2,788
4,971
3,577
93
Long term
13,340
12,465
-875
2,940
4,790
2,788
4,971
3,577
94
Special drawing rights allocations
0
112,834
112,834
112,834
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

104,764
4,641
4,641
554
4,087
4,087
24,157
-9,346
21,461
21,461
-68,647
n.a.
n.a.
2,696
n.a.
n.a.
77,361
-7,137
-7,137
n.a.
n.a.
86,100
75,473
n.a.
n.a.
n.a.
-1,602
n.a.
n.a.
-1,394
-1,394
-1,394
0

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