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U.S. International Trade in Goods and Services


U.S. Census Bureau and U.S. Bureau of Economic Analysis - Economics and Statistics Administration - U.S. Department of Commerce

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Goods and Services Deficit Decreased in November 2014
(Seasonally Adjusted)

The Nation’s international trade deficit in goods and services decreased to $39.0 billion in November from $42.2 billion in October (revised), as imports decreased more than exports.

GOODS AND SERVICES

  • Exports decreased to $196.4 billion in November from $198.3 billion in October. Goods were $136.7 billion in November, down from $138.6 billion in October. Services were $59.6 billion in November, down from $59.7 billion in October.
  • Imports decreased to $235.4 billion in November from $240.6 billion in October. Goods were $195.0 billion in November, down from $200.2 billion in October. Services were $40.4 billion in November, down less than $0.1 billion from October.
  • For goods, the deficit was $58.3 billion in November, down from $61.6 billion in October. For services, the surplus was $19.3 billion in November, down from $19.4 billion in October.

Trade in Goods and Services (Billions of Dollars)

Trade in Goods and Services (Billions of Dollars)

GOODS BY CATEGORY (CENSUS BASIS)

Exports of goods decreased $1.9 billion in November to $135.8 billion. Capital goods decreased $2.3 billion, reflecting decreases in civilian aircraft ($1.1 billion) and in generators, transformers, and accessories ($0.3 billion).

TOP DECREASES FOR EXPORTS OF CAPITAL GOODS
(Billions of Dollars)Top Increases for Exports of Automotive Vehicles, Parts, and Engines (Billions of Dollars)
Imports of goods decreased $5.2 billion in November to $192.9 billion. Industrial supplies decreased $4.6 billion, reflecting decreases in crude oil ($2.2 billion) and in fuel oil ($0.7 billion).
TOP DECREASES FOR IMPORTS OF INDUSTRIAL SUPPLIES AND MATERIALS
(Billions of Dollars)Top Increases for Imports of Top Increases for Exports of Automotive Vehicles, Parts, and Engines (Billions of Dollars)

SERVICES BY CATEGORY

Exports of services decreased $0.1 billion to $59.6 billion in November. The decrease mostly reflected a decrease in transport ($0.1 billion), which includes freight and port services and passenger fares.

Imports of services decreased less than $0.1 billion to $40.4 billion in November. A decrease in travel (for all purposes including education) ($0.1 billion) was mostly offset by increases of less than $0.1 billion in several categories of services.


GOODS BY GEOGRAPHIC AREA
(Billions of Dollars, Not Seasonally Adjusted)

European Union

European Union

The goods deficit with the European Union decreased from $12.7 billion in October to $11.8 billion in November. Exports decreased $1.8 billion (primarily civilian aircraft, engines, equipment, and parts) to $22.1 billion, while imports decreased $2.8 billion (primarily pharmaceutical preparations) to $33.9 billion.

China

Canada

The goods deficit with China decreased from $32.6 billion in October to $29.9 billion in November. Exports decreased $0.5 billion (primarily non-monetary gold and industrial machines) to $12.2 billion, while imports decreased $3.1 billion (primarily apparel and toys, games, and sporting goods) to $42.1 billion.

Mexico

Mexico

The goods deficit with Mexico decreased from $5.2 billion in October to $4.4 billion in November. Exports decreased $2.5 billion (primarily computers and accessories, and automotive parts and accessories) to $19.7 billion, while imports decreased $3.2 billion (primarily automotive parts and accessories) to $24.2 billion.


EXPORTS OF GOODS BY STATE
(Origin of Movement)

Top October to November Increases
(Millions of Dollars, Not Seasonally Adjusted)
State October Total November Total Change
Missouri $1,434.0
$1,623.4
$189.4
Utah
1,147.1
1,312.3
165.2
North Dakota 405.6
547.5
141.9
Louisiana
6,257.7
6,368.1
110.4
Hawaii 156.4
235.5
79.1

Top October to November Decreases
(Millions of Dollars, Not Seasonally Adjusted)
State October Total November Total Change
Texas $24,250.7
$22,355.1
-$1,895.6
Washington 8,739.1
7,822.8 -916.3
Ohio 5,264.5
4,378.0 -886.5
New York 8,211.1
7,540.1
-671.0
California 15,526.5
14,885.3
-641.2

TRADE IN PETROLEUM PRODUCTS

(Billions of Dollars, Seasonally Adjusted)

TRADE IN CONSUMER GOODS

This space is used to present information on events that significantly impact trade, to highlight new or annual statistics or record levels of trade, or to report on trade in automotive or petroleum products, in manufactured goods, or with Free Trade Agreement partners.



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Source: U.S. Census Bureau | Economic Indicators | ftdwebmaster@census.gov |  Last Revised: January 07, 2015