Statement from Acting U.S. Commerce Secretary Rebecca Blank on U.S. International Trade in Goods and Services in August 2011
WASHINGTON – Acting U.S. Commerce Secretary Rebecca Blank issued the following statement today on the release of the August 2011 U.S. International Trade in Goods and Services report by the Commerce Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Today’s report showed that U.S. exports of goods and services in August 2011 decreased 0.1 percent from July 2011 to $177.6 billion. This month’s exports of petroleum products ($10.3 billion) were the highest on record. This month’s exports of services ($50.9 billion) were also the highest on record leading the U.S. trade surplus in services to reach a record $15.8 billion in August. U.S. imports of goods and services also decreased $111 million to reach $223.2 billion, causing the U.S.