Annual Trade Highlights

2007 Highlights

This page shows the Balance, Exports and Imports for the current month and prior month, along with the percent change and dollar change between the two. The last column of the table shows the last time the percent change (or dollar change) was larger. Some interesting facts about this month's International Trade in Goods and Services report can be found at the bottom of the page.

All Values in billions of dollars

Percent Change from Prior Year

Dollar Change From Prior Year

• The 2007 exports of goods and services ($1,621.8 billion) and 2007 exports of goods ($1,149.3 billion) were records.
• The 2007 services surplus ($104.0 billion) was a record.
• The 2007 imports of goods and services ($2,333.4 billion) and 2007 imports of goods ($1,964.9 billion) were records.
• The 2007 exports of services ($472.5 billion) and 2007 imports of services ($368.5 billion) were records.
• The 2007 goods and services deficit decrease ($46.9 billion) is the first year-to-year decrease since 2000 - 2001 ($14.7 billion).

Goods on a Census Basis (seasonally adjusted)

Deficit

• The 2007 goods deficit decrease ($27.0 billion) is the first year-to-year deficit decrease since 2000 - 2001 ($24.2 billion).
• The 2007 petroleum deficit ($293.5 billion) was a record.

Exports

• Exports in 2007 of $1,163.3 billion were a record.
• The 2007 exports of foods, feeds, and beverages ($84.2 billion); industrial supplies and materials ($315.6 billion); capital goods ($446.0 billion); automotive vehicles, parts and engines ($120.9 billion); and consumer goods ($146.4 billion) were records.
• The 2007 exports of petroleum ($37.7 billion) and non-petroleum ($1,125.6 billion) were records.

Imports

• Imports in 2007 of $1,953.6 billion were a record.
• The 2007 imports of food, feeds, and beverages ($81.7 billion); industrial supplies and materials ($630.9 billion); capital goods ($444.8 billion); automotive vehicles, parts, and engines ($259.0 billion); and consumer goods ($474.9 billion) were records.
• The 2007 imports of petroleum ($331.2 billion) and non-petroleum ($1,622.4 billion) were records.

Country and other highlights (Census Basis, not seasonally adjusted)

• The 2007 exports to Canada ($248.9 billion) and the 2007 imports from Canada ($313.1 billion) were records.
• The 2007 deficit with Mexico ($74.3 billion), exports to Mexico ($136.5 billion), and imports from Mexico ($210.8 billion) were records.
• The 2007 exports to the European Union ($247.3 billion) and the 2007 imports from the European Union ($354.7 billion) were records.
• The 2007 deficit with China ($256.3 billion), exports to China ($65.2 billion), and imports from China ($321.5 billion) were records.
• The 2007 exports to South/Central America ($107.5 billion) and the 2007 imports from South/Central America ($134.8 billion) were records.
• The 2007 exports of advanced technology products ($273.4 billion) and 2007 imports of advanced technology products ($326.9 billion) were records.
• The 2007 import average price per barrel of crude oil ($64.27) was a record.