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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 October 2014
(Seasonally Adjusted)

The Nation’s international trade deficit in goods and services decreased to $43.4 billion in October from $43.6 billion in September (revised), as exports increased more than imports.

GOODS AND SERVICES

  • Exports increased to $197.5 billion in October from $195.2 billion in September. Goods were $138.0 billion in October, up from $136.0 billion in September. Services were $59.5 billion in October, up from $59.2 billion in September.
  • Imports increased to $241.0 billion in October from $238.8 billion in September. Goods were $200.7 billion in October, up from $198.7 billion in September. Services were $40.3 billion in October, up from $40.1 billion in September.
  • For goods, the deficit was virtually unchanged at $62.7 billion. For services, the surplus was $19.2 billion in October, up from $19.1 billion in September.

Trade in Goods and Services (Billions of Dollars)

Trade in Goods and Services (Billions of Dollars)

GOODS BY CATEGORY (CENSUS BASIS)

Exports of goods increased $1.9 billion in October to $137.2 billion. Capital goods increased $1.7 billion, reflecting increases in exports of civilian aircraft ($1.0 billion) and generators, transformers, and accessories ($0.3 billion).

TOP INCREASES FOR EXPORTS OF CAPITAL GOODS
(Billions of Dollars)Top Increases for Exports of Automotive Vehicles, Parts, and Engines (Billions of Dollars)
Imports of goods increased $2.0 billion in October to $198.6 billion. Automotive vehicles, parts, and engines increased $1.3 billion, reflecting increases in imports of trucks, buses, and special purpose vehicles ($0.5 billion) and in passenger cars ($0.4 billion).
TOP INCREASES FOR EXPORTS OF AUTOMOTIVE VEHICLES, PARTS, AND ENGINES
(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 increased $0.3 billion to $59.5 billion in October. The increase reflected increases in financial services ($0.1 billion), in maintenance and repair services ($0.1 billion), and in charges for the use of intellectual property ($0.1 billion).

Imports of services increased $0.2 to $40.3 billion in October. The increase mostly reflected an increase in transport ($0.1 billion), which includes freight and port services and passenger fares.


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

European Union

European Union

The goods deficit with the European Union increased from $11.8 billion in September to $12.7 billion in October. Exports increased $1.9 billion (primarily pharmaceutical preparations and civilian aircraft, engines equipment, and parts) to $24.0 billion, while imports increased $2.8 billion (primarily passenger cars) to $36.7 billion.

China

Canada

The goods deficit with China decreased from $35.6 billion in September to $32.6 billion in October. Exports increased $3.4 billion (primarily soybeans) to $12.7 billion, while imports increased $0.4 billion (primarily computers) to $45.2 billion.

Mexico

Mexico

The goods deficit with Mexico increased from $4.8 billion in September to $5.2 billion in October. Exports increased $2.2 billion (primarily automotive parts and accessories and computers) to $22.3 billion, while imports increased $2.6 billion (primarily automobiles and automotive parts and accessories) to $27.4 billion.


EXPORTS OF GOODS BY STATE
(Origin of Movement)

Top September to October Increases
(Millions of Dollars, Not Seasonally Adjusted)
State September Total October Total Change
Washington $7,178.4
$8,739.1
$1,560.7
California
14,444.6
15,526.5
1,081.9
Louisiana 5,251.7
6,257.7
1,006.0
New York
7,398.2
8,211.1
812.9
Florida 4,534.9
845.9
734.5

Top September to October Decreases
(Millions of Dollars, Not Seasonally Adjusted)
State September Total October Total Change
Alaska $845.9
$501.5
-$344.4
Kansas 1,052.2
951.0 -101.2
North Dakota 505.7
405.6 -100.1
Utah 1,235.5
1,147.1
-88.4
New Mexico 446.6
373.1
-73.5

TRADE IN CONSUMER GOODS

(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: December 05, 2014