Home > News Release: U.S. International Trade in Goods and Services
FOR IMMEDIATE RELEASE AT 8:30 A.M. EDT, THURSDAY, SEPTEMBER 9, 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
                                           July 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 July exports of $153.3 billion and imports of $196.1
billion resulted in a goods and services deficit of $42.8 billion, down from $49.8 billion
in June, revised.  July exports were $2.8 billion more than June exports of $150.6 billion.
July imports were $4.2 billion less than June imports of $200.3 billion.

In July, the goods deficit decreased $7.0 billion from June to $55.2 billion, and the
services surplus was virtually unchanged at $12.5 billion.  Exports of goods increased $2.8
billion to $107.7 billion, and imports of goods decreased $4.2 billion to $162.9 billion.
Exports of services were virtually unchanged at $45.6 billion, and imports of services were
virtually unchanged at $33.2 billion.

The goods and services deficit increased $9.7 billion from July 2009 to July 2010.  Exports
were up $23.7 billion, or 18.3 percent, and imports were up $33.4 billion, or 20.5 percent.

Goods (Census basis)

The June to July increase in exports of goods reflected increases in capital goods ($2.3 billion);
other goods ($0.5 billion); and industrial supplies and materials ($0.5 billion).  A decrease
occurred in automotive vehicles, parts, and engines ($0.4 billion).  Foods, feeds, and beverages
and consumer goods were virtually unchanged.

The June to July decrease in imports of goods reflected decreases in consumer goods ($1.9 billion);
automotive vehicles, parts, and engines ($0.7 billion); capital goods ($0.6 billion); industrial
supplies and materials ($0.4 billion); other goods ($0.3 billion); and foods, feeds, and beverages
($0.1 billion).

The July 2009 to July 2010 increase in exports of goods reflected increases in industrial supplies
and materials ($7.6 billion); capital goods ($6.7 billion); automotive vehicles, parts, and engines
($2.4 billion); other goods ($1.6 billion); and consumer goods ($1.1 billion).  A decrease occurred
in foods, feeds, and beverages ($0.1 billion).

The July 2009 to July 2010 increase in imports of goods reflected increases in industrial supplies
and materials ($10.6 billion); capital goods ($7.2 billion); automotive vehicles, parts, and engines
($6.3 billion); consumer goods ($5.6 billion); and foods, feeds, and beverages ($0.8 billion).  A
decrease occurred in other goods ($0.4 billion).

Services

Services exports were virtually unchanged from June to July.  Decreases in other private services
(which includes items such as business, professional, and technical services, insurance services,
and financial services) and other transportation (which includes freight and port services) were
partly offset by an increase in travel.  Changes in the other categories of services exports were
small.

Services imports were virtually unchanged from June to July.  A decrease in royalties and license
fees (which were boosted in June by payments for rights related to the 2010 soccer World Cup) was
partly offset by an increase in travel.  Changes in the other categories of services imports were small.

The July 2009 to July 2010 increase in exports of services was $4.3 billion.  The largest increases
were in other private services ($1.4 billion), royalties and license fees ($1.3 billion), and travel
($1.0 billion).  Within other private services, the largest increase was in business, professional,
and technical services.

The July 2009 to July 2010 increase in imports of services was $2.5 billion.  The largest increases
were in other transportation ($1.0 billion), other private services ($0.6 billion), and royalties
and license fees ($0.4 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 July, exports of goods and services averaged $152.2 billion, while
imports of goods and services averaged $196.9 billion, resulting in an average trade deficit of $44.8
billion.  For the three months ending in June, the average trade deficit was $43.9 billion, reflecting
average exports of $150.7 billion and average imports of $194.5 billion.

Selected Not Seasonally Adjusted Goods Details

The July figures show surpluses, in billions of dollars, with Hong Kong $1.8 ($2.0 for June), Singapore
$1.2 ($1.0), Australia $0.9 ($1.1), and Egypt $0.4 ($0.2).  Deficits were recorded, in billions of
dollars, with China $25.9 ($26.2), European Union $9.9 ($7.8), OPEC $8.0 ($8.9), Mexico $5.3 ($6.2),
Japan $4.9 ($5.2), Germany $3.6 ($3.1), Nigeria $2.4 ($2.3), Ireland $2.4 ($2.3), Venezuela $1.8 ($1.7),
Canada $1.4 ($2.5), Taiwan $1.0 ($1.3), and Korea $1.0 ($1.1).

Advanced technology products exports were $23.9 billion in July and imports were $30.8 billion,
resulting in a deficit of $6.8 billion.  July exports were $0.7 billion more than the $23.2 billion in
June, while July imports were $0.8 billion less than the $31.6 billion in June.

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

For June, goods exports were revised up $0.1 billion and imports were revised down $0.1 billion.
Goods carry-over in July was $0.1 billion (0.1 percent) for exports and $1.1 billion (0.7 percent) for
imports.  For June, revised export carry-over was virtually zero.  For June, revised import carry-over
was $0.7 billion (0.4 percent), revised down from $1.4 billion (0.8 percent).

Services exports and imports for January 2010 through June 2010 reflect the incorporation of more
comprehensive and revised quarterly and monthly data.  For both services exports and imports, the
largest monthly revisions were in other private services and passenger fares.

Services exports for June were revised up $0.2 billion to $45.7 billion, mostly reflecting upward
revisions in passenger fares and transfers under U.S. military sales contracts.  Services imports
for June were revised down $0.1 billion to $33.2 billion, as a downward revision in other private
services was partly offset by upward revisions in travel and royalties and license fees.