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Annual Trade Highlights

2018 Press Highlights

This page shows the Balance, Exports and Imports for the current year and prior year, 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.

Goods and Services on a Balance of Payments (BOP) Basis, seasonally adjusted - series began with January 1992 statistics.

All Values in billions of dollars

Percent Change from Prior Year

  2018
(Billions of $)

2017
(Billions of $)

Percent Change from Prior Year Larger Increase or Decrease by Percent Change / When it Occurred
Goods and Services
Balance -$621.0
-$552.3 12.5%

29.0% 2009 - 2010

Exports

$2,500.0

$2,351.1 6.3% 14.7% 2010 - 2011
Imports $3,121.0
$2,903.3 7.5%

13.9% 2010 - 2011

Goods (BOP Basis)
Balance

-$891.3

-$807.5 10.4% 14.2% 2010 - 2011
Exports $1,671.8
$1,553.4
7.6%

16.2% 2010 - 2011

Imports $2,563.1
$2,360.9 8.6% 15.5% 2010 - 2011

 

Dollar Change From Prior Year

  2018
(Billions of $)

2017
(Billions of $)

Dollar Change From Prior Year Larger Increase or Decrease by Percent Change / When it Occurred
Goods and Services
Balance -$621.0
-$552.3 -$68.8

-$111.5 2009 - 2010

Exports

$2,500.0

$2,351.1 $148.9 $272.9 2010 - 2011
Imports $3,121.0
$2,903.3

$217.7

$327.4 2010 - 2011

Goods (BOP Basis)
Balance

-$891.3

-$807.5 -$-83.8

-$92.3 2010 - 2011

Exports $1,671.8
$1,553.4
$118.5 $208.6 2010 - 2011
Imports $2,563.1
$2,360.9
$202.2

$300.9 2010 - 2011

  • The 2018 goods and services deficit ($621.0 billion) was the highest since 2008 ($708.7 billion).
  • The 2018 goods deficit ($891.3 billion) was the highest on record. The 2018 services surplus ($270.2 billion) was the highest on record.
  • 2018 exports of goods and services ($2.5 trillion) were the highest on record. 2018 exports of goods ($1.7 trillion) were the highest on record. 2018 exports of services ($828.1 billion) were the highest on record.
  • 2018 imports of goods and services ($3.1 trillion) were the highest on record. 2018 imports of goods ($2.6 trillion) were the highest on record. 2018 imports of services ($557.9 billion) were the highest on record.
  • Goods on a Census Basis (seasonally adjusted)

    Balance

    • The 2018 goods deficit ($878.7 billion) was the highest on record.
    • The 2018 petroleum deficit ($53.3 billion) was the lowest since 1998 ($42.8 billion).
    • The 2018 non-petroleum deficit ($825.4 billion) was the highest on record.

    Exports

    • 2018 exports of goods ($1.7 trillion) were the highest on record.
    • 2018 exports of industrial supplies and materials ($538.9 billion); capital goods ($562.0 billion); consumer goods ($205.9 billion); and other goods ($65.4 billion) were the highest on record.
    • 2018 exports of petroleum ($172.4 billion) were the highest on record
    • 2018 non-petroleum exports ($1.5 trillion) were the highest on record.

    Imports

    • 2018 import of goods ($2.5 trillion) were the highest on record.
    • 2018 imports of food, feeds, and beverages ($147.4 billion); capital goods ($693.3 billion); automotive vehicles, parts, and engines ($372.3 billion); consumer goods ($647.9 billion); and other goods ($106.2 billion) were the highest on record
    • 2018 non-petroleum imports ($2.3 trillion) were the highest on record.

    Real Dollar Basis (Chained 2012 Dollars, seasonally adjusted)

    • The 2018 real dollar goods deficit ($1.0 trillion) was the highest on record.
    • 2018 real dollar imports of goods ($2.8 trillion) were the highest on record.
    • 2018 real dollar exports of goods ($1.8 trillion) were the highest on record.

Country and Other Highlights (Census Basis, not seasonally adjusted)

  • The 2018 deficit with Mexico ($81.5 billion) was the highest on record.
  • The 2018 deficit with China ($419.2 billion) was the highest on record.
  • The 2018 deficit with the European Union ($169.3 billion) was the highest on record.
  • The 2018 surplus with South and Central America ($41.5 billion) was the highest on record.
  • The 2018 surplus with the United Kingdom ($5.4 billion) was the highest on record.

  • The U.S. had record exports to 53 countries in 2018 led by Mexico ($265.0 billion), Japan ($75.0 billion), and the United Kingdom ($66.2 billion).
  • The U.S. had record imports from 60 countries in 2018 led by China ($539.5 billion), Mexico ($346.5 billion), and Germany ($125.9 billion)..


July 2019
Trade in Goods
and Services

Deficit: $54.0 Billion
Exports: $207.4 Billion
Imports: $261.4 Billion

Next release: October 4, 2019
Complete Release Schedule

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Source: U.S. Census Bureau | Economic Indicators Division | ftdwebmaster@census.gov |  Last Revised: August 29, 2019