Annual Trade Highlights

2011 Trade Highlights

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

Dollar Change From Prior Year

• The 2011 goods and services deficit ($558.0 billion) was the highest since 2008 ($698.3 billion).
• The 2011 goods deficit ($737.1 billion) was the highest since 2008 ($830.1 billion).
• The 2011 services surplus ($179.0 billion) was the highest on record.
• The 2011 exports of goods and services ($2,103.1 billion), exports of goods ($1,498.2 billion), and exports of services ($604.9 billion) were the highest on record.
• The 2011 imports of goods and services ($2,661.1 billion), imports of goods ($2,235.3 billion), and imports of services ($425.9 billion) were the highest on record.

Goods on a Census Basis

Balance

• The 2011 goods deficit ($726.3 billion) was the highest since 2008 ($816.2 billion).
• The 2011 petroleum deficit ($326.5 billion) was the highest since 2008 ($386.1 billion).

Exports

• 2011 exports of goods ($1,480.7 billion) were a record.
• The 2011 exports of foods, feeds, and beverages ($126.1 billion); industrial supplies and materials ($499.5 billion); capital goods ($491.4 billion); automotive vehicles ($132.5 billion); and consumer goods ($176.3 billion) were records.
• 2011 exports of petroleum ($112.8 billion) were the highest on record.

Imports

• 2011 imports of goods ($2,207.0 billion) were a record.
• The 2011 imports of food, feeds, and beverages ($107.4 billion); capital goods ($510.9 billion); and consumer goods ($513.7 billion) were records.
• 2011 imports of automotive vehicles ($254.1 billion) were the highest since 2007 ($256.7 billion).
• 2011 imports of petroleum ($439.3 billion) were the highest since 2008 ($453.3 billion).

Real Dollar Basis (2005 Chain-weighted Dollars, seasonally adjusted)

• The 2011 real dollar petroleum deficit ($149.0 billion) was the lowest since 1997 ($147.9 billion).
• 2011 real dollar exports of petroleum ($62.0 billion) were the highest on record.
• 2011 real dollar imports of petroleum ($211.0 billion) were the lowest since 1999 ($204.1 billion).

Country and other highlights

• The 2011 deficit with Canada ($35.6 billion) was the highest since 2008 ($78.3 billion).
• The 2011 deficit with European Union ($99.2 billion) was the highest since 2007 ($110.2 billion).
• The 2011 deficit with China ($295.5 billion), exports to China ($103.9 billion), and imports from China ($399.3 billion) were the highest on record.
• The 2011 import average price per barrel of crude oil ($99.78) was the highest on record.