Release date: June 7, 2023
Contents:
Notice
Updates to Goods and Services
In this release and in the accompanying “
U.S. International Trade in Goods and Services: April 2023,” release (FT-900), the U.S. Census Bureau and the U.S. Bureau of Economic Analysis (BEA) are publishing revised statistics on trade in goods and services. With these releases, statistics on trade in goods, on both a Census basis and a balance of payments (BOP) basis, are revised beginning with 2018, and statistics on trade in services are revised beginning with 2017.
Revised statistics on trade in goods reflect:
- Corrections and adjustments to previously published not seasonally adjusted statistics for goods on a Census basis.
- End-use reclassifications of several commodities.
- Recalculated seasonal and trading-day adjustments.
- Newly available and revised source data on BOP adjustments, which are adjustments that BEA applies to goods on a Census basis to convert them to a BOP basis. See the “Goods (balance of payments basis)” section in the explanatory notes for more information.
Revised statistics on trade in services reflect:
- Newly available and revised source data, primarily from BEA surveys of international services.
- Recalculated seasonal adjustments.
- Revised temporal distributions of quarterly source data to monthly statistics. See the “Services” section in the explanatory notes for more information.
This annual revision has not changed the overall trend in the annual goods and services deficit. The deficit was revised up for 2017 and 2022, was revised down for 2019–2021, and was unrevised for 2018. The largest revision was for 2017 when the deficit was revised up 1.3 percent, reflecting a downward revision to the services surplus.
The revised statistics for goods on a BOP basis and for services will also be included in the “U.S. International Transactions, First Quarter 2023 and Annual Update” report and in the
international transactions interactive database, both to be released by BEA on June 22, 2023. For more information, see "
Preview of the 2023 Annual Update of the International Economic Accounts" in the Survey of Current Business.
Change to the Real (Chained-Dollar) Series
With this release and the release of the accompanying FT–900 Annual Revision, the reference year for the chained-dollar series has been updated to 2017 from 2012 to reference the time series on prices from a more recent year. The
historical chained-dollar series, which begin in 1994, has also been revised to reflect the new reference year. See the “Adjustments for price change” section in the explanatory notes for more information.
If you have questions, please contact the U.S. Census Bureau, Economic Indicators Division, on (800) 549-0595, option 4, or at eid.international.trade.data@census.gov or BEA, Balance of Payments Division, at InternationalAccounts@bea.gov.
Current Issue
Exhibit Number |
Title |
Format |
Full Report |
FT900 |
U.S. International Trade in Goods and Services - Annual Revision |
|
Individual Exhibits |
Seasonally Adjusted (by Commodity/Service) |
Exhibit 1 |
U.S. International Trade in Goods and Services |
|
Exhibit 2 |
U.S. Exports of Services by Major Category |
|
Exhibit 3 |
U.S. Imports of Services by Major Category |
|
Exhibit 4 |
U.S. Trade in Goods |
|
Exhibit 5 |
U.S Exports of Goods by Principal End-Use Category |
|
Exhibit 5a |
U.S Imports of Goods by Principal End-Use Category |
|
Exhibit 6 |
U.S Exports of Goods by End-Use Category and Commodity |
|
Exhibit 7 |
U.S Imports of Goods by End-Use Category and Commodity |
|
Exhibit 8 |
U.S Trade in Petroleum and Non-Petroleum End-Use Category Totals |
|
Exhibit 9 |
Real U.S. Exports of Goods by Principal End-Use Category - Chained (2017) Dollars |
|
Exhibit 9a |
Real U.S. Imports of Goods by Principal End-Use Category - Chained (2017) Dollars |
|
Exhibit 10 |
Real U.S. Trade in Petroleum and Non-Petroleum Products by End-Use - Chained (2017) Dollars |
|
Not Seasonally Adjusted |
Exhibit 11 |
U.S. Trade in Goods |
|
Exhibit 12 |
U.S. Exports of Goods by Principal End-Use Category |
|
Exhibit 12a |
U.S. Imports of Goods by Principal End-Use Category |
|
Exhibit 13 |
U.S. Trade in Goods by Country and Area: 2022 |
|
U.S. Trade in Goods by Country and Area: 2021 |
|
U.S. Trade in Goods by Country and Area: 2020 |
|
Exhibit 14 |
U.S. Trade in Goods by Principal Commodities |
|
U.S. Trade in Goods by Principal Commodities: 2022 |
|
U.S. Trade in Goods by Principal Commodities: 2021 |
|
U.S. Trade in Goods by Principal Commodities: 2020 |
|
Exhibit 15 |
U.S. Trade in Advanced Technology Products |
|
Exhibit 15a |
U.S. Trade in Advanced Technology Products by Technology Group and Selected Countries and Areas |
|
U.S. Trade in Advanced Technology Products by Technology Group and Selected Countries and Areas: 2022 |
|
U.S. Trade in Advanced Technology Products by Technology Group and Selected Countries and Areas: 2021 |
|
U.S. Trade in Advanced Technology Products by Technology Group and Selected Countries and Areas: 2020 |
|
Exhibit 16 |
U.S. Trade in Energy-Related Petroleum Products, Including Crude Oil |
|
Exhibit 16a |
U.S. Imports of Crude Oil by Selected Countries |
|
Exhibit 17 |
U.S. Trade in Motor Vehicles and Parts by Selected Countries: Annual Totals |
|
U.S. Trade in Motor Vehicles and Parts by Selected Countries: 2022 |
|
U.S. Trade in Motor Vehicles and Parts by Selected Countries: 2021 |
|
U.S. Trade in Motor Vehicles and Parts by Selected Countries: 2020 |
|
Seasonally Adjusted (by Geography) |
Exhibit 18 |
U.S. Trade in Goods by Selected Countries and Areas - Census Basis |
|
Exhibit 19 |
U.S. Trade in Goods and Services by Selected Countries and Areas - BOP Basis |
|
Exhibit 19a |
U.S. Trade in Goods by Selected Countries and Areas - BOP Basis |
|
Exhibit 19b |
U.S. Trade in Services by Selected Countries and Areas |
|