What Are The Main Goods And Services The United States Traded Internationally

The U.Due south. Census Bureau and the U.S. Bureau of Economic Analysis appear today that the goods and services arrears was $89.7 billion in January, up $7.7 billion from $82.0 billion in Dec, revised.

U.Southward. International Trade in Appurtenances and Services Deficit
Deficit:	$89.7 Billion	+9.4%°
Exports:	$224.four Billion	-1.7%°
Imports:	$314.i Billion	+1.ii%°
Next release: Tuesday, April 5, 2022 (°) Statistical significance is not applicable or non measurable. Data adjusted for seasonality but not price changes Source: U.S. Census Bureau, U.Southward. Bureau of Economical Analysis; U.S. International Trade in Goods and Services, March 8, 2022

Goods and Services Trade Deficit, Seasonally adjusted

Exports, Imports, and Balance (showroom one)

January exports were $224.4 billion, $3.nine billion less than Dec exports. Jan imports were $314.ane billion, $3.eight billion more than than Dec imports.

The January increment in the appurtenances and services deficit reflected an increase in the goods deficit of $vii.1 billion to $108.ix billion and a decrease in the services surplus of $0.half-dozen billion to $19.2 billion.

Yr-over-year, the goods and services deficit increased $24.vi billion, or 37.7 percent, from January 2021. Exports increased $29.9 billion or fifteen.4 pct. Imports increased $54.4 billion or 21.0 percent.

COVID-nineteen Bear on on International Trade in Goods and Services

The global pandemic and the economic recovery continued to bear upon international merchandise in January 2022. The full economic furnishings of the pandemic cannot exist quantified in the statistics because the impacts are generally embedded in source information and cannot be separately identified.

Iii-Month Moving Averages (showroom 2)

The average goods and services deficit increased $vii.half-dozen billion to $83.nine billion for the 3 months ending in January.

Average exports decreased $0.one billion to $225.ix billion in January.
Average imports increased $7.5 billion to $309.8 billion in January.

Year-over-twelvemonth, the boilerplate goods and services arrears increased $17.8 billion from the three months catastrophe in January 2021.

Boilerplate exports increased $35.7 billion from January 2021.
Boilerplate imports increased $53.6 billion from January 2021.

Exports (exhibits iii, six, and 7)

Exports of goods decreased $2.3 billion to $155.9 billion in January.

Exports of appurtenances on a Census footing decreased $2.3 billion.

Consumer appurtenances decreased $3.0 billion.
- Pharmaceutical preparations decreased $3.2 billion.
Upper-case letter goods increased $1.ane billion.
- Noncombatant aircraft increased $0.4 billion.
- Telecommunications equipment increased $0.2 billion.

Cyberspace residual of payments adjustments decreased less than $0.one billion.

Exports of services decreased $1.6 billion to $68.5 billion in January.

Travel decreased $1.8 billion.
Transport decreased $0.5 billion.
Other business organisation services increased $0.3 billion.
Financial services increased $0.ii billion.

Imports (exhibits 4, 6, and 8)

Imports of goods increased $iv.viii billion to $264.8 billion in January.

Imports of goods on a Census ground increased $4.half dozen billion.

Automotive vehicles, parts, and engines increased $one.6 billion.
- Passenger cars increased $0.8 billion.
- Other automotive parts and accessories increased $0.5 billion.
Industrial supplies and materials increased $one.5 billion.
- Crude oil increased $0.nine billion.
- Natural gas increased $0.6 billion.
- Copper increased $0.6 billion.
Foods, feeds, and beverages increased $one.4 billion.
- Other foods increased $0.5 billion.
- Meat products increased $0.ii billion.
Uppercase goods increased $one.ane billion.
- Telecommunication equipment increased $0.3 billion.
- Other industrial mechanism increased $0.three billion.
- Semiconductors decreased $0.six billion.
Other goods decreased $one.6 billion.

Internet residual of payments adjustments increased $0.2 billion.

Imports of services decreased $i.0 billion to $49.3 billion in January.

Ship decreased $0.8 billion.
Travel decreased $0.5 billion.
Other business services increased $0.1 billion.

Existent Goods in 2012 Dollars – Census Basis (exhibit 11)

The real goods deficit increased $6.4 billion to $118.1 billion in Jan.

Real exports of goods decreased $vi.0 billion to $147.ii billion.
Real imports of goods increased $0.4 billion to $265.3 billion.

Revisions

Exports and imports of goods and services were revised for July through December 2021 to incorporate more comprehensive and updated quarterly and monthly data. In improver to these revisions, seasonally adjusted data for all months of 2021 were revised so that the totals of the seasonally adjusted months equal the annual totals.

Revisions to December exports

Exports of goods were revised down $0.1 billion.
Exports of services were revised up $0.iii billion.

Revisions to Dec imports

Imports of appurtenances were revised up $0.three billion.
Imports of services were revised upwards $one.2 billion.

Appurtenances past Selected Countries and Areas: Monthly – Census Ground (showroom 19)

The Jan figures show surpluses, in billions of dollars, with South and Key America ($iv.4), Hong Kong ($ii.0), Singapore ($one.3), Brazil ($1.1), and United Kingdom ($ane.0). Deficits were recorded, in billions of dollars, with China ($33.three), European union ($18.0), Mexico ($12.5), Japan ($7.1), Canada ($six.8), Germany ($v.four), Taiwan ($3.9), Italy ($3.two), South korea ($iii.0), Bharat ($2.4), Saudi Arabia ($0.8), and France ($0.eight).

The arrears with Canada increased $two.half dozen billion to $half dozen.eight billion in Jan. Exports decreased $1.two billion to $27.7 billion and imports increased $1.4 billion to $34.v billion.
The deficit with Japan increased $two.1 billion to $vii.one billion in January. Exports increased $0.i billion to $half dozen.2 billion and imports increased $2.2 billion to $xiii.four billion.
The deficit with Bharat decreased $ane.5 billion to $2.4 billion in January. Exports increased $0.6 billion to $4.3 billion and imports decreased $0.9 billion to $half dozen.7 billion.

Goods and Services by Selected Countries and Areas: Quarterly – Balance of Payments Basis

Statistics on merchandise in goods and services past state and area are only available quarterly, with a one-month lag. With this release, fourth-quarter figures are at present available.

The 4th-quarter figures evidence surpluses, in billions of dollars, with South and Central America ($22.one), Hong Kong ($6.7), Brazil ($6.4), Singapore ($five.1), United Kingdom ($v.0), and Kingdom of saudi arabia ($0.7). Deficits were recorded, in billions of dollars, with China ($87.nine), European Union ($39.4), Mexico ($33.5), Germany ($18.4), India ($13.8), Taiwan ($11.9), Japan ($11.4), Italy ($10.5), Canada ($eight.v), South korea ($6.7), and France ($four.6).

The deficit with China increased $viii.4 billion to $87.nine billion in the fourth quarter. Exports increased $2.8 billion to $48.0 billion and imports increased $eleven.ii billion to $136.0 billion.
The deficit with Mexico increased $viii.3 billion to $33.5 billion in the quaternary quarter. Exports increased $ane.8 billion to $79.v billion and imports increased $10.1 billion to $113.0 billion.
The deficit with Japan decreased $4.five billion to $eleven.4 billion in the fourth quarter. Exports increased $1.six billion to $28.ix billion and imports decreased $two.8 billion to $twoscore.4 billion.

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All statistics referenced are seasonally adjusted; statistics are on a rest of payments basis unless otherwise specified. Additional statistics, including not seasonally adjusted statistics and details for appurtenances on a Census footing, are available in exhibits ane-20b of this release. For information on data sources, definitions, and revision procedures, see the explanatory notes in this release. The full release can exist found at world wide web.census.gov/foreign-trade/Press-Release/current_press_release/alphabetize.html or www.bea.gov/data/intl-trade-investment/international-merchandise-goods-and-services. The full schedule is available in the Census Bureau'south Economical Briefing Room at www.census.gov/economical-indicators/ or on BEA's website at world wide web.bea.gov/news/schedule.

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Next release: April five, 2022, at 8:thirty A.Thou. EDT
U.S. International Merchandise in Goods and Services, February 2022

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Notice

Changes to End-Use Classifications

With this release of the "U.S. International Trade in Goods and Services" report (FT-900), the U.S. Demography Bureau and the U.Due south. Bureau of Economic Analysis (BEA) take revised the end-use classifications of several commodities. These changes were fabricated to achieve a consistent classification between goods exports and goods imports and to improve the group of the commodities based on their end-employ characteristics. The changes too reflect the results of piece of work performed past the Globe Customs System (WCO) every bit part of its long-term programme to review and update the classification of the international Harmonized Commodity Clarification and Coding System (Harmonized Organisation) from which the stop-utilise commodity classifications are derived. The final WCO modifications to the Harmonized System were introduced in March 2017 with January 2017 statistics. These reclassifications will also be incorporated into statistics for 2019–2021 with the June 8, 2022, releases of the FT-900 and the FT-900 Annual Revision.

Additional Country Detail

With the releases of the FT-900 and the FT-900 Annual Revision on June 8, 2022, exhibits that present seasonally adjusted trade in goods and services by selected countries and areas—exhibits nineteen, xx, 20a, and 20b in the FT-900 and related exhibits 18, 19, 19a, and 19b in the FT-900 Annual Revision—will be expanded to include Australia, Belgium, Republic of ireland, State of israel, Malaysia, Netherlands, Switzerland, and Vietnam. Historical statistics volition likewise be made available with the releases. In addition, exhibits fourteen and 14a in the FT-900, which present not seasonally adjusted trade in goods by selected countries and areas, will be expanded to include Israel and Vietnam. Templates of the modified exhibits are bachelor at www.demography.gov/foreign-trade/statistics/notices/country_detail_templates.xlsx.

Upcoming Updates to Appurtenances and Services

With the releases of the FT-900 and the FT-900 Annual Revision on June 8, 2022, statistics on trade in goods on both a Demography basis and a residual of payments (BOP) ground volition exist revised commencement with 2017, and statistics on trade in services will be revised outset with 2015. The revised statistics for appurtenances on a BOP basis and for services volition also exist included in the "U.S. International Transactions, Get-go Quarter 2022 and Almanac Update" study and in the international transactions interactive database, both to exist released by BEA on June 23, 2022.

Revised statistics on trade in appurtenances volition reverberate:

Corrections and adjustments to previously published not seasonally adjusted statistics for goods on a Census basis.
Finish-use reclassifications of several commodities.
Recalculated seasonal and trading-day adjustments.
Newly available and revised source data on BOP adjustments, which are adjustments that BEA applies to appurtenances on a Census ground to convert them to a BOP basis. See the "Appurtenances (residual of payments footing)" section in the explanatory notes for more data.

Revised statistics on merchandise in services volition reverberate:

Newly available and revised source data, primarily from BEA surveys of international services, including the results of BEA'south benchmark survey of financial services.
Recalculated seasonal adjustments.
Revised temporal distributions of quarterly source data to monthly statistics. Come across the "Services" department in the explanatory notes for more information.

A preview of BEA's 2022 almanac update of the international transactions accounts volition appear in the Apr 2022 Survey of Current Business concern.

If you accept questions, please contact the Demography Bureau, Economic Indicators Partition, on (800) 549-0595, selection four, or at eid.international.merchandise.data@demography.gov or BEA, Balance of Payments Partition, at InternationalAccounts@bea.gov.