Home > News Release: U.S. International Trade in Goods and Services
FOR IMMEDIATE RELEASE AT 8:30 A.M. EDT, THURSDAY, OCTOBER 14, 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
                                          August 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 August exports of $153.9 billion and imports of $200.2 billion resulted 
in a goods and services deficit of $46.3 billion, up from $42.6 billion in July, revised.  August 
exports were $0.3 billion more than July exports of $153.5 billion.  August imports were $4.1 billion 
more than July imports of $196.1 billion.

In August, the goods deficit increased $3.9 billion from July to $59.0 billion, and the services 
surplus increased $0.1 billion to $12.6 billion.  Exports of goods were virtually unchanged at $107.7 
billion, and imports of goods increased $3.9 billion to $166.7 billion.  Exports of services increased 
$0.3 billion to $46.2 billion, and imports of services increased $0.2 billion to $33.5 billion.

The goods and services deficit increased $15.3 billion from August 2009 to August 2010.  Exports were 
up $23.5 billion, or 18.0 percent, and imports were up $38.8 billion, or 24.0 percent.

Goods (Census basis)

The July to August decrease in exports of goods reflected decreases in capital goods ($1.5 billion) 
and other goods ($0.6 billion).  Increases occurred in foods, feeds, and beverages ($1.2 billion); 
industrial supplies and materials ($0.6 billion); and automotive vehicles, parts, and engines 
($0.1 billion).  Consumer goods were virtually unchanged. 

The July to August increase in imports of goods reflected increases in consumer goods ($1.4 billion); 
capital goods ($0.9 billion); automotive vehicles, parts, and engines ($0.7 billion); other goods 
($0.4 billion); industrial supplies and materials ($0.2 billion); and foods, feeds, and beverages 
($0.1 billion).

The August 2009 to August 2010 increase in exports of goods reflected increases in industrial supplies 
and materials ($7.2 billion); capital goods ($6.4 billion); automotive vehicles, parts, and engines 
($2.0 billion); consumer goods ($1.3 billion); other goods ($1.2 billion); and foods, feeds, 
and beverages ($1.0 billion).

The August 2009 to August 2010 increase in imports of goods reflected increases in industrial supplies 
and materials ($12.0 billion); capital goods ($8.3 billion); consumer goods ($7.4 billion); automotive 
vehicles, parts, and engines ($6.1 billion); foods, feeds, and beverages ($1.1 billion); and other 
goods ($0.5 billion).

Services

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

Services imports increased $0.2 billion from July to August.  The increase was more than accounted for 
by increases in travel, other transportation (which includes freight and port services), and other 
private services.  Changes in the other categories of services imports were small.
								
The August 2009 to August 2010 increase in exports of services was $4.4 billion.  The largest increases 
were in other private services ($1.5 billion), royalties and license fees ($1.3 billion), and travel 
($1.1 billion).  Within other private services, the largest increase was in business, professional, and 
technical services.
	
The August 2009 to August 2010 increase in imports of services was $2.8 billion.  The largest increases 
were in other transportation ($1.2 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 August, exports of goods and services averaged $152.7 billion, while 
imports of goods and services averaged $198.9 billion, resulting in an average trade deficit of $46.2 
billion.  For the three months ending in July, the average trade deficit was $44.7 billion, reflecting 
average exports of $152.2 billion and average imports of $196.9 billion.

Selected Not Seasonally Adjusted Goods Details

The August figures show surpluses, in billions of dollars, with Hong Kong $1.9 ($1.8 for July), 
Singapore $1.1 ($1.2), Australia $1.0 ($0.9), and Egypt $0.4 ($0.4).  Deficits were recorded, in 
billions of dollars, with China $28.0 ($25.9), OPEC $9.0 ($8.0), European Union $8.1 ($9.9), 
Mexico $6.0 ($5.3), Japan $5.8 ($4.9), Germany $3.4 ($3.6), Nigeria $2.7 ($2.4), Ireland $2.5 
($2.4), Venezuela $2.2 ($1.8), Canada $2.2 ($1.4), Korea $1.3 ($1.0), and Taiwan $1.2 ($1.0).

Advanced technology products exports were $21.8 billion in August and imports were $30.6 billion, 
resulting in a deficit of $8.8 billion.  August exports were $2.1 billion less than the $23.9 billion 
in July, while August imports were $0.2 billion less than the $30.8 billion in July.

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

For July, goods exports were virtually unrevised and imports were revised down $0.2 billion.  Goods 
carry-over in August was $0.2 billion (0.2 percent) for exports and $0.6 billion (0.3 percent) for 
imports.  For July, revised export carry-over was virtually zero.  For July, revised import carry-over 
was $0.4 billion (0.3 percent), revised down from $1.1 billion (0.7 percent).

Services exports for July were revised up $0.2 billion to $45.9 billion.  The revision was mostly 
accounted for by upward revisions in travel and passenger fares.  Services imports for July were revised 
up $0.2 billion to $33.4 billion.  The revision was mostly accounted for by an upward revision in travel.