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U.S. International Trade in Goods and Services - Annual Revision

Release date: June 8, 2021

Contents:

Notice

    Updates to Goods and Services

    In this release and in the accompanying “U.S. International Trade in Goods and Services: April 2021,” 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 2016, and statistics on trade in services are revised beginning with 2013.


    Revised statistics on trade in goods reflect:

  • Corrections and adjustments to previously published not seasonally adjusted statistics for goods on a Census basis.
  • Incorporation of a new BOP adjustment to improve the coverage of aircraft imports on a BOP basis. For more information 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 FT-900 explanatory notes.
  • Newly available and revised source data for other BOP adjustments.
  • Recalculated seasonal and trading-day adjustments.


    • Revised statistics on trade in services reflect:

  • Newly available and revised source data, primarily from BEA surveys of international services, including the results of BEA’s benchmark survey of insurance services.
  • Recalculated seasonal adjustments.
  • Revised temporal distributions of quarterly source data to monthly statistics. See the “Services” section in the FT-900 explanatory notes for more information.


    • This annual revision has not changed the overall trend in the goods and services balance. The annual goods and services deficit was revised by 0.2 percent or less (positive or negative) for 2013–2019. For 2020, the deficit was revised down 0.7 percent, reflecting a 4.9 percent upward revision to the services surplus.That was partly offset by the 0.7 percent upward revision to the goods deficit.That was partly offset by the 0.7 percent upward revision to the goods deficit.


    The revised statistics for goods on a BOP basis and for services will also be included in the “U.S. International Transactions, First Quarter 2021 and Annual Update” report and in the international transactions interactive database, both to be released by the U.S. Bureau of Economic Analysis (BEA) on June 23, 2021. A preview of BEA’s 2021 annual update of the international transactions accounts appears in the April 2021 issue of the Survey of Current Business.


    If you have questions, please contact the U.S. Census Bureau, Economic Indicators Division, on (800) 549-0595, option 4, or at [email protected] or BEA, Balance of Payments Division, at [email protected].

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 (2012) Dollars
Exhibit 9a Real U.S. Imports of Goods by Principal End-Use Category - Chained (2012) Dollars
Exhibit 10 Real U.S. Trade in Petroleum and Non-Petroleum Products by End-Use - Chained (2012) 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: 2020
U.S. Trade in Goods by Country and Area: 2019
U.S. Trade in Goods by Country and Area: 2018
Exhibit 14 U.S. Trade in Goods by Principal Commodities
U.S. Trade in Goods by Principal Commodities: 2020
U.S. Trade in Goods by Principal Commodities: 2019
U.S. Trade in Goods by Principal Commodities: 2018
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: 2020
U.S. Trade in Advanced Technology Products by Technology Group and Selected Countries and Areas: 2019
U.S. Trade in Advanced Technology Products by Technology Group and Selected Countries and Areas: 2018
Exhibit 16 U.S. Imports of 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: 2020
U.S. Trade in Motor Vehicles and Parts by Selected Countries: 2019
U.S. Trade in Motor Vehicles and Parts by Selected Countries: 2018
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

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Source: U.S. Census Bureau | Foreign Trade |