U.S. Bureau of Economic Analysis

The U.S. monthly international trade deficit decreased in December 2012, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $48.6 billion (revised) in November to $38.5 billion in December, as exports increased and imports decreased. The previously published November deficit was $48.7 billion. The goods deficit decreased $9.4 billion from November to $56.2 billion in December, and the services surplus increased $0.7 billion from November to $17.7 billion in December.

Exports
Exports of goods and services increased $3.9 billion in December to $186.4 billion, mostly reflecting an increase in exports of goods. Exports of services also increased.
• The increase in exports of goods was more than accounted for by an increase in industrial supplies and materials. Decreases in capital goods, automotive vehicles, parts, and engines, and consumer goods were partly offsetting.
• The increase in exports of services mostly reflected increases in other transportation, which includes freight and port services, other private services, which includes items such as business, professional, and technical services, insurance services, and financial services, passenger fares, and travel.

Imports
Imports of goods and services decreased $6.2 billion in December to $224.9 billion, mostly reflecting a decrease in imports of goods. Imports of services also decreased.
• The decrease in imports of goods mostly reflected decreases in industrial supplies and materials, automotive vehicles, parts and engines, and other goods.
• The decrease in imports of services was more than accounted for by decreases in travel and other transportation. Increases in passenger fares and other private services were partly offsetting.

Goods by geographic area (not seasonally adjusted)
• The goods deficit with China decreased from $29.0 billion in November to $24.5 billion in December. Exports decreased $0.2 billion to $10.4 billion, while imports decreased $4.7 billion to $34.8 billion.
• The goods deficit with the European Union decreased from $12.2 billion in November to $8.7 billion in December. Exports increased $0.2 billion to $21.6 billion, while imports decreased $3.2 billion to $30.3 billion.
• The goods deficit with Mexico decreased from $4.9 billion in November to $3.9 billion in December. Exports decreased $2.4 billion to $16.4 billion, while imports decreased $3.4 billion to $20.3 billion.

To learn more about U.S. international trade in goods and services, read the full report.

The U.S. monthly international trade deficit increased in November 2012, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $42.1 billion (revised) in October to $48.7 billion in November, as imports increased more than exports. The previously published October deficit was $42.2 billion. The goods deficit increased $6.6 billion from October to $65.7 billion in November, and the services surplus was virtually unchanged from October at $17.0 billion in November.

Exports
Exports of goods and services increased $1.7 billion in November to $182.6 billion, mostly reflecting an increase in exports of goods. Exports of services also increased.
• The increase in exports of goods was more than accounted for by increases in capital goods, automotive vehicles, parts and engines, and industrial supplies and materials.
• The increase in exports of services was more than accounted for by increases in passenger fares and travel. A decrease in other private services, which includes items such as business, professional, and technical services, insurance services, and financial services, was partly offsetting.

Imports
Imports of goods and services increased $8.4 billion in November to $231.3 billion, mostly reflecting an increase in imports of goods. Imports of services also increased.
• The increase in imports of goods mostly reflected increases in consumer goods, automotive vehicles, parts and engines, and industrial supplies and materials.
• The increase in imports of services reflected an increase in other transportation, which includes freight and port services. Smaller increases in most of the other categories of services imports also contributed.

Goods by geographic area (not seasonally adjusted)
• The goods deficit with China decreased from $29.5 billion in October to $29.0 billion in November. Exports decreased $0.2 billion to $10.6 billion, while imports decreased $0.7 billion to $39.5 billion.
• The goods deficit with Canada increased from $1.7 billion in October to $3.0 billion in November. Exports decreased $1.2 billion to $24.7 billion, while imports increased $0.1 billion to $27.7 billion.
• The goods deficit with Mexico increased from $4.4 billion in October to $4.9 billion in November. Exports decreased $1.6 billion to $18.8 billion, while imports decreased $1.1 billion to $23.7 billion.

To learn more about U.S. international trade in goods and services, read the full report.

The U.S. monthly international trade deficit increased in October 2012, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $40.3 billion (revised) in September to $42.2 billion in October, as exports decreased more than imports. The previously published September deficit was $41.5 billion. The goods deficit increased $1.8 billion from September to $59.2 billion in October, and the services surplus decreased $0.1 billion to $16.9 billion.

Exports
Exports of goods and services decreased $6.8 billion in October to $180.5 billion, mostly reflecting a decrease in exports of goods. Exports of services also decreased.
• The decrease in exports of goods was mostly accounted for by decreases in industrial supplies and materials, capital goods, and foods, feeds, and beverages.
• The decrease in exports of services was more than accounted for by decreases in travel and passenger fares. An increase in other private services, which includes items such as business, professional, and technical services, insurance services, and financial services, was partly offsetting.

Imports
Imports of goods and services decreased $4.9 billion in October to $222.8 billion, mostly reflecting a decrease in imports of goods. Imports of services also decreased.
• The decrease in imports of goods mostly reflected a decrease in consumer goods.
• The decrease in imports of services was more than accounted for by decreases in travel, passenger fares, and other transportation, which includes freight and port services. An increase in other private services was partly offsetting.

Goods by geographic area (not seasonally adjusted)
• The goods deficit with China increased from $29.1 billion in September to $29.5 billion in October. Exports increased $2.0 billion to $10.8 billion, while imports increased $2.4 billion to $40.3 billion.
• The goods deficit with Japan increased from $4.8 billion in September to $7.0 billion in October. Exports decreased $0.5 billion to $5.7 billion, while imports increased $1.7 billion to $12.7 billion.
• The goods deficit with the European Union increased from $8.6 billion in September to $10.6 billion in October. Exports increased $0.3 billion to $21.7 billion, while imports increased $2.2 billion to $32.2 billion.

To learn more about U.S. international trade in goods and services, read the full report.

The U.S. monthly international trade deficit decreased in September 2012, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $43.8 billion (revised) in August to $41.5 billion in September, as exports increased more than imports. The previously published August deficit was $44.2 billion. The goods deficit decreased $1.4 billion from August to $57.5 billion in September, and the services surplus increased $0.8 billion to $15.9 billion.

Exports
Exports of goods and services increased $5.6 billion in September to $187.0 billion, reflecting an increase in exports of goods. Exports of services also increased.
• The increase in exports of goods was mostly accounted for by increases in industrial supplies and materials and foods, feeds, and beverages.
• The increase in exports of services was accounted for by increases in travel and other private services, which includes items such as business, professional, and technical services, insurance services, and financial services.

Imports
Imports of goods and services increased $3.4 billion in September to $228.5 billion, reflecting an increase in imports of goods. Imports of services decreased.
• The increase in imports of goods mostly reflected increases in consumer goods and industrial supplies and materials. A decrease in automotive vehicles, parts, and engines was partly offsetting.
• The decrease in imports of services was more than accounted for by a decrease in royalties and license fees associated with cessation of payments for the rights to broadcast the 2012 Summer Olympic Games in July and August. An increase in other transportation, which includes freight and port services, was partly offsetting.

Goods by geographic area (not seasonally adjusted)
• The goods deficit with China increased from $28.7 billion in August to $29.1 billion in September. Exports increased $0.2 billion to $8.8 billion, while imports increased $0.6 billion to $37.8 billion.
• The goods deficit with the European Union decreased from $11.7 billion in August to $8.6 billion in September. Exports were virtually unchanged at $21.3 billion, while imports decreased $3.1 billion to $30.0 billion.
• The goods deficit with Japan decreased from $6.7 billion in August to $4.8 billion in September. Exports decreased $0.1 billion to $6.2 billion, while imports decreased $2.0 billion to $11.0 billion.

To learn more about U.S. international trade in goods and services, read the full report.

The U.S. monthly international trade deficit increased in August 2012, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $42.5 billion (revised) in July to $44.2 billion in August, as exports decreased more than imports. The previously published July deficit was $42.0 billion. The goods deficit increased $1.5 billion from July to $59.3 billion in August, and the services surplus decreased $0.3 billion to $15.1 billion.

Exports
Exports of goods and services decreased $1.9 billion in August to $181.3 billion, reflecting a decrease in exports of goods. Exports of services increased.
• The decrease in exports of goods was more than accounted for by decreases in industrial supplies and materials; foods, feeds, and beverages; and consumer goods. An increase in capital goods was partly offsetting.
• The increase in exports of services was more than accounted for by increases in other private services, which includes items such as business, professional, and technical services, insurance services, and financial services, and in other transportation, which includes freight and port services.

Imports
Imports of goods and services decreased $0.2 billion in August to $225.5 billion, reflecting a decrease in imports of goods. Imports of services increased.
• The decrease in imports of goods was more than accounted for by decreases in consumer goods; automotive vehicles, parts, and engines; and capital goods. An increase in industrial supplies and materials was partly offsetting.
• The increase in imports of services was more than accounted for by an increase in royalties and license fees, which included an increased amount for the rights to broadcast the portion of the 2012 Summer Olympic Games that occurred in August. July imports include a smaller amount for the portion of the Games that occurred in July.

Goods by geographic area (not seasonally adjusted)
• The goods deficit with Canada increased from $2.1 billion in July to $2.4 billion in August. Exports increased $1.9 billion to $24.7 billion, while imports increased $2.2 billion to $27.0 billion.
• The goods deficit with China decreased from $29.4 billion in July to $28.7 billion in August. Exports increased $0.1 billion to $8.6 billion, while imports decreased $0.6 billion to $37.3 billion.
• The goods deficit with the European Union decreased from $12.0 billion in July to $11.7 billion in August. Exports increased $0.8 billion to $21.3 billion, while imports increased $0.5 billion to $33.1 billion.

To learn more about U.S. international trade in goods and services, read the full report.