U.S. International Trade in Goods and Services Highlights

August 12, 2009

Goods and Services Deficit Increases in June 2009

The Nation's international deficit in goods and services increased to $27.0 billion in June from $26.0 billion (revised) in May, as imports increased more than exports.

Goods and Services

• Exports increased to $125.8 billion in June from $123.4 billion in May. Goods were $84.0 billion in June, up from $82.1 billion in May, and services were $41.8 billion in June, up from $41.3 billion in May.
  
  
• Imports increased to $152.8 billion in June from $149.3 billion in May. Goods were $122.4 billion in June, up from $119.3 billion in May, and services were $30.4 billion in June, up from $30.0 billion in May.
  
  
• For goods, the deficit was $38.4 billion in June, up from $37.2 billion in May. For services, the surplus was $11.4 billion in June, up from $11.3 billion in May.
  
  

Goods by Category

• The May to June increase in exports of goods reflected increases in industrial supplies and materials ($1.2 billion); capital goods ($0.4 billion); foods, feeds, and beverages ($0.3 billion); and automotive vehicles, parts, and engines ($0.1 billion). Consumer goods and other goods were virtually unchanged.
  
  
• The May to June increase in imports of goods reflected increases in industrial supplies and materials ($3.9 billion); automotive vehicles, parts, and engines ($0.9 billion); foods, feeds, and beverages ($0.1 billion); and other goods ($0.1 billion). Decreases occurred in consumer goods ($1.7 billion) and capital goods ($0.1 billion).

Services by Category

• The May to June change in exports of services mostly reflected increases in other private services ($0.2 billion), which includes items such as business, professional, and technical services, insurance services, and financial services; travel ($0.2 billion); other transportation ($0.1 billion), which includes freight and port services; and passenger fares ($0.1 billion). Changes in other categories of services exports were small.
  
  
• The May to June change in imports of services mostly reflected increases in other private services ($0.1 billion), travel ($0.1 billion), passenger fares ($0.1 billion), and direct defense expenditures ($0.1 billion). Changes in other categories of services imports were small.

Goods by Geographic Area (Not Seasonally Adjusted)

• The goods deficit with Canada increased from $0.5 billion in May to $1.6 billion in June. Exports increased $0.6 billion (primarily trucks, buses and special purpose vehicles) to $16.8 billion, while imports increased $1.6 billion (primarily crude oil) to $18.4 billion.
  
  
• The goods deficit with China increased from $17.5 billion in May to $18.4 billion in June. Exports increased $0.3 billion (primarily civilian aircraft, engines, equipment, and parts) to $5.5 billion, while imports increased $1.2 billion (primarily computers and household goods) to $24.0 billion.
  
  
• The goods deficit with the European Union increased from $2.8 billion in May to $4.5 billion in June. Exports increased $0.8 billion (primarily organic chemicals and civilian aircraft, engines, equipment, and parts) to $18.7 billion, while imports increased $2.5 billion (primarily petroleum products, pharmaceutical preparations, and civilian aircraft) to $23.2 billion.

This and more information is provided in the Bureau of the Census and Bureau of Economic Analysis press release:

U.S.International Trade in Goods and Services: June 2009 .

This and more information is provided in the U.S. Census Bureau and U.S. Bureau of Economic Analysis press release, U.S. International Trade in Goods and Services: February 2009. For further information on goods, contact Maria Iseman, Foreign Trade Division, U.S. Census Bureau, on (301) 763-2311; on services, contact Christopher Bach, U.S. Bureau of Economic Analysis, on (202) 606-9545.

NOTE: Total goods data are reported on a Balance of Payments basis; commodity and country detail data for goods are on a Census basis. For information on data sources and definitions, see the information section on page A-1 of the FT-900 release, or at www.census.gov/ft900 or http://www.bea.gov/bea/di/home/trade.htm.

The next release is September 10, 2009

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Note: Total goods data are reported on a Balance of Payments basis; commodity and country detail data for goods are on a Census basis. For information on data sources and definitions, see the Information Section (PDF, 53k) (TXT, 23k)

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Related sites:

• U.S. Department of Commerce
  • U.S. Census Bureau, Foreign Trade Division
  • Bureau of Economic Analysis