Home > News Release: U.S. International Trade in Goods and Services
FOR IMMEDIATE RELEASE AT 8:30 A.M. EDT, WEDNESDAY, AUGUST 11, 2010
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                                     U.S. Census Bureau
                                U.S. Bureau of Economic Analysis
                                              NEWS
                       U.S. Department of Commerce * Washington, DC 20230

                         U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
                                           June 2010

Goods and Services

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of
Commerce, announced today that total June exports of $150.5 billion and imports of $200.3
billion resulted in a goods and services deficit of $49.9 billion, up from $42.0 billion in
May, revised.  June exports were $2.0 billion less than May exports of $152.4 billion.  June
imports were $5.9 billion more than May imports of $194.4 billion.

In June, the goods deficit increased $7.7 billion from May to $62.0 billion, and the services
surplus decreased $0.2 billion to $12.1 billion.  Exports of goods decreased $2.3 billion to
$105.0 billion, and imports of goods increased $5.4 billion to $167.0 billion.  Exports of
services increased $0.3 billion to $45.5 billion, and imports of services increased $0.6
billion to $33.3 billion.

The goods and services deficit increased $22.8 billion from June 2009 to June 2010.  Exports
were up $22.6 billion, or 17.7 percent, and imports were up $45.3 billion, or 29.2 percent.

Goods (Census basis)

The May to June decrease in exports of goods reflected decreases in capital goods ($1.4
billion); industrial supplies and materials ($1.0 billion); and foods, feeds, and beverages
($0.3 billion).  Increases occurred   in   automotive   vehicles, parts, and engines ($0.2
billion); other goods ($0.2 billion); and consumer goods ($0.1 billion).

The May to June increase in imports of goods reflected increases in consumer goods ($3.1
billion); automotive vehicles, parts, and engines ($1.3 billion); other goods ($0.6 billion);
and capital goods ($0.5 billion).  A decrease occurred in industrial supplies and materials
($0.2 billion).  Foods, feeds, and beverages were virtually unchanged.

The June 2009 to June 2010 increase in exports of goods reflected increases in industrial
supplies and materials ($7.4 billion); capital goods ($4.9 billion); automotive vehicles,
parts, and engines ($3.9 billion); consumer goods ($1.5 billion); and other goods ($1.2
billion).  A decrease occurred in foods, feeds, and beverages ($0.4 billion).

The June 2009 to June 2010 increase in imports of goods reflected increases in industrial
supplies and materials ($12.8 billion); automotive vehicles, parts, and engines ($9.3
billion); capital goods ($9.1 billion); consumer goods ($9.0 billion); foods, feeds,
and beverages ($0.9 billion); and other goods ($0.3 billion).

Services

Services exports increased $0.3 billion from May to June.  The increase was mostly accounted
for by increases in travel, other transportation (which includes freight and port services),
and other private services (which includes items such as business, professional, and technical
services, insurance services, and financial services).  Changes in the other categories of
services exports were small.

Services imports increased $0.6 billion from May to June.  The increase was mostly accounted
for by increases in other transportation, royalties and license fees (which included payments
for rights related to the 2010 soccer World Cup), and travel.  Changes in the other categories
of services imports were small.

The June 2009 to June 2010 increase in exports of services was $4.2 billion.  The largest
increases were in other private services ($1.6 billion), travel ($1.0 billion), and royalties
and license fees ($0.8 billion).  Within other private services, the largest increase was in
business, professional, and technical services.

The June 2009 to June 2010 increase in imports of services was $3.1 billion.  The largest
increases were in other transportation ($1.0 billion) and other private services ($0.9 billion).
Within other private services, the largest increase was in business, professional, and technical
services.

Goods and Services Moving Average

For the three months ending in June, exports of goods and services averaged $150.5 billion,
while imports of goods and services averaged $194.6 billion, resulting in an average trade
deficit of $44.1 billion.  For the three months ending in May, the average trade deficit was
$40.8 billion, reflecting average exports of $150.3 billion and average imports of $191.1
billion.

Selected Not Seasonally Adjusted Goods Details

The June figures show surpluses, in billions of dollars, with Hong Kong $2.0 ($1.6 for May),
Australia $1.1 ($1.1), Singapore $1.0 ($0.9), and Egypt $0.2 ($0.3).  Deficits were recorded,
in billions of dollars, with China $26.2 ($22.3), OPEC $8.9 ($7.8), European Union $7.8 ($6.2),
Mexico $6.2 ($6.2), Japan $5.2 ($3.6), Germany $3.1 ($2.9), Canada $2.6 ($2.3), Nigeria $2.3
($2.2), Ireland $2.3 ($2.2), and Venezuela $1.7 ($2.1).

Advanced technology products exports were $23.2 billion in June and imports were $31.6 billion,
resulting in a deficit of $8.4 billion.  June exports were $1.4 billion more than the $21.8
billion in May, while June imports were $4.0 billion more than the $27.6 billion in May.

Revisions (Goods on a Census basis, not seasonally adjusted)

For May, goods exports and imports were virtually unrevised.  Goods carry-over in June was $0.1
billion (0.1 percent) for exports and $1.4 billion (0.8 percent) for imports.  For May, revised
export carry-over was virtually zero.  For May, revised import carry-over was $0.2 billion (0.1
percent), revised down from $0.9 billion (0.6 percent).

Services exports for May were revised up $0.1 billion to $45.1 billion, reflecting small upward
revisions in several categories.  Services imports for May were revised down $0.1 billion to
$32.8 billion, mostly reflecting a downward revision in travel.