July 03, 2025

Split U.S. International Trade in Goods and Services, May 2025 and U.S. Trade in Services Detailed Tables, 2024

U.S. International Trade in Goods and Services, May 2025

The U.S. goods and services trade deficit increased in May 2025 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $60.3 billion in April (revised) to $71.5 billion in May, as exports decreased more than imports. The goods deficit increased $11.2 billion in May to $97.5 billion. The services surplus decreased $0.1 billion in May to $26.0 billion.

U.S. Trade in Services Detailed Tables, 2024

For 2024, U.S. exports of services were $1,152.7 billion, and U.S. imports of services were $840.9 billion. For 2022—the latest year for which statistics are available—services supplied to foreign persons through foreign affiliates of U.S. multinational enterprises (MNEs) were $2,114.1 billion, and services supplied to U.S. persons through U.S. affiliates of foreign MNEs were $1,517.8 billion. Affiliates supplied most of the services provided to foreign persons by the United States and to U.S. persons by foreign markets in 2022.

Principal Federal Economic Indicators

Gross Domestic Product
Q1 2025 (3rd)
-0.5%
Personal Income
May 2025
-0.4%
International Trade in Goods and Services
May 2025
-$71.5 B
International Transactions
Q1 2025
-$450.2 B

Noteworthy

The Latest

Gross Domestic Product (Second Estimate), Corporate Profits (Preliminary Estimate), Second Quarter 2024

August 29, 2024 | News Release

Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the second quarter of 2024, according to the "second" estimate. In the first quarter, real GDP increased 1.4 percent. The increase in the second quarter primarily reflected increases in consumer spending, private inventory investment, and business investment. Imports, which are a subtraction in the calculation of GDP, increased.

Activities of U.S. Multinational Enterprises, 2022

August 23, 2024 | The BEA Wire

Worldwide employment by U.S. multinational enterprises increased 2.2 percent to 44.3 million workers in 2022 from 43.3 million workers in 2021 (revised). 

Activities of U.S. Multinational Enterprises, 2022

August 23, 2024 | News Release

Worldwide employment by U.S. multinational enterprises increased 2.2 percent to 44.3 million workers in 2022 (preliminary) from 43.3 million workers in 2021 (revised), according to statistics released today by the U.S. Bureau of Economic Analysis on the operations and finances of U.S. parent companies and their foreign affiliates.

Rubik’s Cubes and Business Inventories

August 19, 2024 | The BEA Wire

A blog from BEA Director Vipin Arora

The first time a friend handed me a Rubik’s Cube I thought it would be easy to solve. I was wrong. BEA’s estimates of businesses’ inventories sometimes remind me of that experience. They seem relatively simple at first, but they turn out to be more complicated than expected. The good news is that, just like we can learn to solve a Rubik’s Cube with a few rules of thumb, we can understand BEA’s…

June 2024 Trade Gap is $73.1 Billion

August 6, 2024 | The BEA Wire

The U.S. goods and services trade deficit decreased from $75.0 billion in May (revised) to $73.1 billion in June, as exports increased more than imports. The goods deficit decreased $2.5 billion to $97.4 billion, and the services surplus decreased $0.6 billion to $24.2 billion. 

U.S. International Trade in Goods and Services, June 2024

August 6, 2024 | News Release

The U.S. goods and services trade deficit decreased in June 2024 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $75.0 billion in May (revised) to $73.1 billion in June, as exports increased more than imports. The goods deficit decreased $2.5 billion in June to $97.4 billion. The services surplus decreased $0.6 billion in June to $24.2 billion.

BEA: Taking Economic Statistics Personally Since 1938

August 5, 2024 | The BEA Wire

A blog from BEA Director Vipin Arora

When I hear the phrase “personal income,” I think about my paycheck. When we talk about personal income in the context of BEA’s economic statistics, however, it’s my paycheck, your paycheck, your cousin’s paycheck—and much more. In fact, I believe our monthly personal income statistics are the most comprehensive measure of U.S. economic activity available on a monthly basis. They are also a widely…

Producto interior bruto para Puerto Rico, 2022

July 31, 2024 | The BEA Wire

El producto interior bruto real (PIB) para Puerto Rico decreció 2.5 por ciento en 2022, luego de crecer 4.1 por ciento en 2021, de acuerdo con las estadísticas difundidas hoy por el Negociado de Análisis Económico de EE. UU. (BEA por sus siglas en inglés). El decrecimiento en el PIB real en 2022 reflejó un aumento en las importaciones —que son un elemento de resta en el cálculo del PIB— así como decrecimientos en la inversión privada en…

Gross Domestic Product for Puerto Rico, 2022

July 31, 2024 | The BEA Wire

Real gross domestic product (GDP) for Puerto Rico decreased 2.5 percent in 2022 after increasing 4.1 percent in 2021, according to statistics released today by the U.S. Bureau of Economic Analysis

The decrease in real GDP in 2022 reflected an increase in imports—which are a subtraction item in the calculation of GDP—as well as decreases in private fixed investment and exports. Personal consumption expenditures, private inventory…

Producto interior bruto para Puerto Rico, 2022

July 31, 2024 | News Release

El producto interior bruto real (PIB) para Puerto Rico decreció 2.5 por ciento en 2022, luego de crecer 4.1 por ciento en 2021. El decrecimiento en el PIB real en 2022 reflejó un aumento en las importaciones —que son un elemento de resta en el cálculo del PIB— así como decrecimientos en la inversión privada en capital fijo y en las exportaciones. Los gastos de consumo personal, la inversión privada en inventarios, y los gastos de gobierno…