EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, THURSDAY, DECEMBER 15, 2016 BEA 16-69 Technical: Christopher P. Steiner (301) 278-9492 Christopher.Steiner@bea.gov Media: Jeannine Aversa (301) 278-9003 Jeannine.Aversa@bea.gov U.S. International Transactions: Third Quarter 2016 Current Account Balance The U.S. current account deficit decreased to $113.0 billion (preliminary) in the third quarter of 2016 from $118.3 billion (revised) in the second quarter of 2016, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit decreased to 2.4 percent of current-dollar gross domestic product (GDP) from 2.6 percent in the second quarter. The $5.3 billion decrease in the current account deficit reflected a $9.0 billion decrease in the deficit on goods that was partly offset by changes in the balances on secondary income, primary income, and services. Current Account Transactions (tables 1-5) Exports of goods and services and income receipts Exports of goods and services and income receipts increased $17.7 billion in the third quarter to $799.0 billion. * Goods exports increased $15.7 billion to $375.9 billion, mostly reflecting increases in foods, feeds, and beverages, largely soybeans. Exports of industrial supplies and materials, nonmonetary gold, and consumer goods except food and automotive (particularly in jewelry and collectibles) also increased. * Services exports increased $2.0 billion to $188.2 billion, mostly reflecting an increase in travel (for all purposes including education) that was partly offset by a decrease in transport. Imports of goods and services and income payments Imports of goods and services and income payments increased $12.4 billion to $912.0 billion. * Goods imports increased $6.7 billion to $553.6 billion, mostly reflecting an increase in imports of industrial supplies and materials, primarily petroleum and products, nonferrous metals, and iron and steel products. * Services imports increased $2.7 billion to $126.9 billion, mostly reflecting increases in charges for the use of intellectual property and travel (for all purposes including education). * Secondary income payments increased $2.0 billion to $72.0 billion, mostly reflecting an increase in U.S. government transfers, primarily U.S. government grants. * Primary income payments increased $1.0 billion to $159.4 billion, mostly reflecting an increase in portfolio investment income payments that was partly offset by a decrease in direct investment income payments. Financial Account (tables 1, 6, 7, and 8) Net U.S. borrowing measured by financial-account transactions was $207.9 billion in the third quarter, an increase from net borrowing of $41.0 billion in the second quarter. A decrease in net U.S. acquisition of financial assets excluding financial derivatives was partly offset by a decrease in net U.S. incurrence of liabilities excluding financial derivatives and an increase in net lending in financial derivatives other than reserves. Financial assets Net U.S. acquisition of financial assets excluding financial derivatives decreased $292.0 billion in the third quarter to $31.5 billion. * Transactions in portfolio investment assets shifted to net U.S. sales of $35.1 billion from net U.S. acquisition of $146.4 billion, mostly reflecting a shift to net sales of equity and investment fund shares from net acquisition in the second quarter. * Transactions in other investment assets shifted to net U.S. liquidation of $22.6 billion from net U.S. acquisition of $70.6 billion, largely reflecting increased net withdrawal of U.S. residents’ foreign holdings of currency and deposits. * Net U.S. acquisition of direct investment assets decreased $18.8 billion to $87.5 billion, reflecting decreases in net acquisitions of equity and debt instruments. Liabilities Net U.S. incurrence of liabilities excluding financial derivatives decreased $115.9 billion to $251.5 billion. * Transactions in other investment liabilities shifted to net U.S. repayment of $64.5 billion from net U.S. incurrence of $181.4 billion, largely reflecting a shift in currency and deposits and loans to net U.S. repayment from net incurrence in the second quarter. * Net U.S. incurrence of direct investment liabilities decreased $87.1 billion to $86.9 billion, reflecting decreases in net U.S. incurrence of both equity and debt instrument liabilities. * Net U.S. incurrence of portfolio investment liabilities increased $217.2 billion to $229.1 billion, partly offsetting the decreases in the other two major categories. The increase largely reflected a shift to net foreign purchases of U.S. equity and investment fund shares from net foreign sales in the second quarter. Financial derivatives Transactions in financial derivatives other than reserves reflected third-quarter net lending of $12.1 billion, a $9.2 billion increase from the second quarter. Statistical Discrepancy (table 1) The statistical discrepancy shifted to -$95.0 billion in the third quarter from $77.3 billion in the second quarter. Updates to International Transactions Accounts Statistics Updates to Second-Quarter 2016 International Transactions Accounts Aggregates Billions of dollars, seasonally adjusted Preliminary estimate Revised estimate Current-account balance -119.9 -118.3 Goods balance -186.7 -186.7 Services balance 61.5 62.0 Primary-income balance 42.9 44.2 Secondary-income balance -37.6 -37.7 Net lending from financial-account transactions -31.1 -41.0 Statistical discrepancy 88.8 77.3 Next release: March 21, 2017 at 8:30 A.M. EDT U.S. International Transactions, Fourth Quarter and Year 2016 * * * U.S. International Transactions Release Dates in 2017 Fourth Quarter and Year 2016 March 21 First Quarter 2017 and Annual Update June 20 Second Quarter 2017 September 19 Third Quarter 2017 December 19 Additional Information Resources * Stay informed about BEA developments by reading the BEA blog (blog.bea.gov), signing up for BEA’s email subscription service (www.bea.gov/_subscribe/index_vocus.htm), or following BEA on Twitter @BEA_News (twitter.com/BEA_News). * Historical time series for these estimates can be accessed in BEA’s Interactive Data Application (www.bea.gov/itable/index.cfm). * Access BEA data by registering for BEA’s Data Application Programming Interface (API) (www.bea.gov/API/signup/index.cfm). * For more on BEA’s statistics, see our monthly online journal, the Survey of Current Business (www.bea.gov/scb/index.htm). * BEA's news release schedule (www.bea.gov/newsreleases/news_release_schedule.htm). * More information on these International Transactions statistics will be provided next month in the Survey of Current Business (www.bea.gov/scb/index.htm). * More information on the International Transactions Accounts and a description of the estimation methods used to compile them is provided in U.S. International Economic Accounts: Concepts and Methods (www.bea.gov/international/concepts_methods.htm). Definitions The current account consists of transactions between U.S. residents and nonresidents in goods, services, primary income, and secondary income. Goods are physical items with ownership rights that can be exchanged among institutional units through transactions. Services transactions consist of transactions arising from productive activities that change the condition of the consumer or that facilitate the exchange of products and financial assets. Primary income transactions include investment income and compensation of employees. Investment income is the return on holdings of financial assets and includes direct investment income, portfolio investment income, other investment income, and income on reserve assets. Compensation of employees is income for the contribution of labor inputs to the production process. Secondary income consists of current transfers between residents and nonresidents. Unlike an exchange, a transfer is a transaction in which a good, service, or asset is provided without a corresponding return of economic value. Secondary income receipts and payments include U.S. government and private transfers, such as U.S. government grants and pensions, fines and penalties, withholding taxes, personal transfers (remittances), insurance-related transfers, and other current transfers. The capital account consists of capital transfers between residents and nonresidents and the cross-border acquisition and disposal of nonproduced non-financial assets. Capital transfers include debt forgiveness and certain disaster-related nonlife insurance claims. Nonproduced nonfinancial assets include natural resources and contracts, leases, and licenses. Capital account transactions are distinguished from current account transactions in that capital account transactions result in a change in the assets of one or both parties to the transaction without affecting the income or savings of either party. The financial account consists of transactions between U.S. residents and nonresidents for direct investment, portfolio investment, other investment, reserves, and financial derivatives other than reserves. Direct investment is a category of cross-border investment associated with a resident in one economy having control or a significant degree of influence on the management of an enterprise resident in another economy. Ownership or control of 10 percent or more of the nonresident entity’s voting securities is the threshold for separating direct investment from other types of investment. Direct investment transactions include transactions in equity (including reinvestment of earnings) and debt instruments. Portfolio investment transactions consist of cross-border transactions involving equity and investment fund shares and debt securities, excluding those included in direct investment or reserve assets. Other investment is a residual category that includes cross-border financial instruments other than those included in direct investment, portfolio investment, financial derivatives, and reserve assets. Other investment transactions consist of transactions in currency and deposits, loans, insurance technical reserves, trade credit and advances, and, for liabilities, special drawing rights allocations. Reserve assets are those external assets that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes such as maintaining confidence in the currency and the economy and serving as a basis for foreign borrowing. The major published components are monetary gold, International Monetary Fund (IMF) special drawing rights (SDRs), reserve position in the IMF, and other reserve assets. Financial derivatives other than reserves consist of financial contracts that are linked to underlying financial instruments, commodities, or indicators. Transactions in financial derivatives consist of U.S. cash receipts and payments arising from the sale, purchase, periodic settlement, or final settlement of financial derivatives contracts. Transactions in financial derivatives are only available as a net value equal to transactions for assets less transactions for liabilities. A positive value represents net cash payments by U.S. residents to foreign residents from settlements of derivatives contracts (net lending) and a negative value represents net U.S. cash receipts (net borrowing). The statistical discrepancy is the difference between net acquisition of assets and net incurrence of liabilities in the financial account (including financial derivatives) less the difference between total credits and total debits recorded in the current and capital accounts. The statistical discrepancy can also be calculated as the difference between net lending (borrowing) measured from financial-account transactions and net lending (borrowing) measured from current- and capital- account transactions. The current-account balance is the difference between credits (exports and income receipts) and debits (imports and income payments) in the current account. The balance is a net measure of current-account transactions between the United States and the rest of the world. A positive balance indicates a current-account surplus. A negative balance indicates a current-account deficit. Net lending (borrowing) measures the balance of funds supplied to the rest of the world. Net lending means that, in net terms, the U.S. economy supplies funds to the rest of the world. Net borrowing means the opposite. Net lending (borrowing) can be measured by current- and capital- account transactions or by financial-account transactions. Conceptually, the two measures are equal. In practice, the two measures differ by the statistical discrepancy. Release and revision cycle Preliminary quarterly International Transactions Accounts (ITA) statistics are released in March, June, September, and December approximately 80 days after the end of the reference quarter. These statistics are updated the following quarter to incorporate new source data. Quarterly statistics are open for revision for at least the prior three years in annual revisions released in June. Preliminary annual statistics are released in March along with statistics for the fourth quarter of the previous year. These annual statistics are open for revision for at least the three prior years in subsequent annual revisions. Related statistics The ITAs comprise one part of a broader set of U.S. international economic accounts that, taken together, provide a comprehensive, integrated, and detailed picture of U.S. international economic activities. The International Investment Position (IIP) Accounts (www.bea.gov/newsreleases/international/intinv/intinvnewsrelease.htm) are released quarterly. Financial transactions that are reported in the ITAs are one type of change in position recorded in the IIP Accounts. Statistics on direct investment and multinational enterprises (www.bea.gov/iTable/index_MNC.cfm) (MNEs) include annual statistics on the activities of MNEs, detailed annual and quarterly statistics on direct investment, and annual statistics on new investment in the United States. Statistics on International Services (www.bea.gov/iTable/iTable.cfm?reqid=62&step=9&isuri=1&6210=4#reqid=62&step=9&isuri=1&6210=4) that include detailed annual information on trade in services and on services supplied through the channel of direct investment by affiliates of MNEs are released annually. U.S. International Trade in Goods and Services (www.bea.gov/newsreleases/international/trade/tradnewsrelease.htm), released by BEA and the U.S. Census Bureau, provides monthly statistics on trade in goods and services. ______________________________________________________________________________________________ List of News Release Tables Table 1. U.S. International Transactions Table 2. U.S. International Trade in Goods Table 3. U.S. International Trade in Services Table 4. U.S. International Transactions in Primary Income Table 5. U.S. International Transactions in Secondary Income Table 6. U.S. International Financial Transactions for Direct Investment Table 7. U.S. International Financial Transactions for Portfolio Investment Table 8. U.S. International Financial Transactions for Other Investment December 15, 2016 Table 1. U.S. International Transactions [Millions of dollars] Line 2014 2015 Change: Seasonally adjusted Change: 2014 to 2015 2015 2016 2016 2016 2016:II to 2015 III IV I II r III p 2016:III   Current account 1 Exports of goods and services and income receipts (credits) ........................................ 3,338,757 3,172,693 -166,064 791,880 776,218 758,947 781,364 799,047 17,683 1 2 Exports of goods and services .................................................................... 2,376,577 2,261,163 -115,414 564,276 552,236 538,870 546,430 564,117 17,687 2 3 Goods .......................................................................................... 1,633,320 1,510,303 -123,017 377,157 365,275 354,143 360,228 375,947 15,719 3 4 General merchandise .......................................................................... 1,610,368 1,488,639 -121,729 371,021 360,173 349,838 356,152 370,115 13,963 4 5 Foods, feeds, and beverages ................................................................ 143,722 127,727 -15,995 32,121 30,049 28,858 31,148 41,703 10,555 5 6 Industrial supplies and materials .......................................................... 500,360 417,062 -83,298 103,427 95,873 92,204 96,199 98,898 2,699 6 7 Capital goods except automotive ............................................................ 551,720 539,700 -12,020 134,012 132,751 129,467 129,306 128,651 -655 7 8 Automotive vehicles, parts, and engines .................................................... 159,812 151,917 -7,895 38,620 37,664 37,547 37,696 37,880 184 8 9 Consumer goods except food and automotive .................................................. 197,990 197,285 -705 49,010 49,168 48,324 47,295 48,821 1,526 9 10 Other general merchandise .................................................................. 56,763 54,948 -1,815 13,831 14,668 13,438 14,508 14,162 -346 10 11 Net exports of goods under merchanting ....................................................... 299 259 -40 74 63 50 50 53 3 11 12 Nonmonetary gold ............................................................................. 22,654 21,405 -1,249 6,062 5,038 4,254 4,025 5,779 1,754 12 13 Services ....................................................................................... 743,257 750,860 7,603 187,118 186,962 184,727 186,203 188,170 1,967 13 14 Maintenance and repair services n.i.e. ....................................................... 22,132 24,036 1,904 6,018 6,627 6,307 6,495 6,718 223 14 15 Transport .................................................................................... 90,701 87,221 -3,480 21,550 21,594 21,363 21,086 20,764 -322 15 16 Travel (for all purposes including education) /1/ ............................................ 191,325 204,523 13,198 51,712 51,569 51,420 50,667 52,670 2,003 16 17 Insurance services ........................................................................... 17,312 17,142 -170 4,237 4,492 4,244 4,453 4,554 101 17 18 Financial services ........................................................................... 107,712 102,461 -5,251 24,981 24,318 22,830 23,968 23,907 -61 18 19 Charges for the use of intellectual property n.i.e. .......................................... 129,890 124,664 -5,226 31,252 30,739 30,317 30,211 30,033 -178 19 20 Telecommunications, computer, and information services ....................................... 35,044 35,895 851 9,062 9,168 9,408 9,273 9,439 166 20 21 Other business services ...................................................................... 128,817 134,648 5,831 32,936 33,654 34,374 34,976 35,051 75 21 22 Government goods and services n.i.e. ......................................................... 20,325 20,270 -55 5,369 4,800 4,464 5,074 5,032 -42 22 23 Primary income receipts .......................................................................... 821,807 782,915 -38,892 196,752 192,089 188,488 202,619 202,825 206 23 24 Investment income .............................................................................. 815,123 775,846 -39,277 194,969 190,304 186,691 200,820 201,021 201 24 25 Direct investment income ..................................................................... 478,381 432,498 -45,883 106,676 104,645 95,964 109,652 109,899 247 25 26 Portfolio investment income .................................................................. 304,984 311,619 6,635 80,014 77,497 81,617 81,031 80,967 -64 26 27 Other investment income ...................................................................... 31,457 31,515 58 8,227 8,101 9,083 10,117 10,162 45 27 28 Reserve asset income ......................................................................... 302 214 -88 53 61 28 21 -7 -28 28 29 Compensation of employees ...................................................................... 6,684 7,069 385 1,782 1,785 1,797 1,799 1,804 5 29 30 Secondary income (current transfer) receipts /2/ ................................................. 140,373 128,614 -11,759 30,852 31,893 31,589 32,315 32,105 -210 30 31 Imports of goods and services and income payments (debits) ......................................... 3,730,817 3,635,658 -95,159 914,985 889,625 890,785 899,635 912,004 12,369 31 32 Imports of goods and services .................................................................... 2,866,754 2,761,525 -105,229 689,887 676,445 664,086 671,176 680,549 9,373 32 33 Goods .......................................................................................... 2,385,489 2,272,868 -112,621 566,925 553,678 540,433 546,964 553,644 6,680 33 34 General merchandise .......................................................................... 2,370,025 2,260,279 -109,746 563,627 550,752 537,046 541,456 548,088 6,632 34 35 Foods, feeds, and beverages ................................................................ 126,804 128,783 1,979 32,074 31,578 32,824 32,248 32,682 434 35 36 Industrial supplies and materials .......................................................... 675,645 492,348 -183,297 121,422 109,742 101,957 107,256 113,792 6,536 36 37 Capital goods except automotive ............................................................ 598,674 606,730 8,056 150,361 149,532 145,482 149,087 148,651 -436 37 38 Automotive vehicles, parts, and engines .................................................... 329,500 350,053 20,553 88,534 88,799 88,441 86,396 87,091 695 38 39 Consumer goods except food and automotive .................................................. 558,695 596,541 37,846 149,751 149,107 147,260 144,886 143,974 -912 39 40 Other general merchandise .................................................................. 80,707 85,823 5,116 21,485 21,995 21,082 21,583 21,898 315 40 41 Nonmonetary gold ............................................................................. 15,464 12,589 -2,875 3,298 2,926 3,387 5,508 5,556 48 41 42 Services ....................................................................................... 481,264 488,657 7,393 122,961 122,767 123,654 124,212 126,905 2,693 42 43 Maintenance and repair services n.i.e. ....................................................... 7,521 8,996 1,475 2,451 2,287 2,147 2,059 2,037 -22 43 44 Transport .................................................................................... 94,160 97,050 2,890 24,322 23,979 24,045 24,199 24,192 -7 44 45 Travel (for all purposes including education) /1/ ............................................ 105,529 112,873 7,344 28,209 29,231 29,844 29,848 30,722 874 45 46 Insurance services ........................................................................... 51,824 47,772 -4,052 12,020 11,826 11,785 11,972 12,061 89 46 47 Financial services ........................................................................... 24,906 25,162 256 6,405 6,125 6,001 6,157 6,329 172 47 48 Charges for the use of intellectual property n.i.e. .......................................... 42,208 39,495 -2,713 9,871 10,175 9,901 10,281 11,653 1,372 48 49 Telecommunications, computer, and information services ....................................... 36,313 36,440 127 9,184 9,049 9,434 9,231 9,339 108 49 50 Other business services ...................................................................... 94,568 99,354 4,786 25,092 24,920 25,424 25,178 25,360 182 50 51 Government goods and services n.i.e. ......................................................... 24,236 21,515 -2,721 5,408 5,175 5,072 5,287 5,213 -74 51 52 Primary income payments .......................................................................... 597,802 600,531 2,729 154,903 144,974 154,473 158,398 159,426 1,028 52 53 Investment income .............................................................................. 580,871 582,466 1,595 150,301 140,316 149,934 153,767 154,785 1,018 53 54 Direct investment income ..................................................................... 189,375 167,103 -22,272 45,387 36,165 41,057 45,581 44,748 -833 54 55 Portfolio investment income .................................................................. 377,521 400,396 22,875 101,101 99,975 103,113 101,973 103,456 1,483 55 56 Other investment income ...................................................................... 13,974 14,967 993 3,813 4,177 5,765 6,213 6,580 367 56 57 Compensation of employees ...................................................................... 16,931 18,065 1,134 4,602 4,658 4,539 4,632 4,641 9 57 58 Secondary income (current transfer) payments /2/ ................................................. 266,261 273,602 7,341 70,195 68,205 72,225 70,061 72,030 1,969 58 Capital account 59 Capital transfer receipts and other credits ........................................................ 0 0 0 0 0 0 0 0 0 59 60 Capital transfer payments and other debits ......................................................... 45 42 -3 1 0 58 0 n.a. n.a. 60   Financial account 61 Net U.S. acquisition of financial assets excluding financial derivatives (net increase in assets / financial outflow (+)) ....................................... 823,343 225,398 -597,945 -83,824 -152,461 59,862 323,426 31,451 -291,975 61 62 Direct investment assets ......................................................................... 343,441 348,646 5,205 51,322 95,969 67,412 106,273 87,513 -18,760 62 63 Equity ......................................................................................... 340,942 316,346 -24,596 79,509 73,622 77,640 90,168 78,093 -12,075 63 64 Debt instruments ............................................................................... 2,499 32,300 29,801 -28,186 22,347 -10,228 16,106 9,420 -6,686 64 65 Portfolio investment assets ...................................................................... 582,688 153,968 -428,720 -97,468 -122,306 -57,326 146,397 -35,111 -181,508 65 66 Equity and investment fund shares .............................................................. 431,625 202,574 -229,051 -54,115 -54,186 -60,527 155,767 -25,398 -181,165 66 67 Debt securities ................................................................................ 151,063 -48,606 -199,669 -43,354 -68,121 3,200 -9,369 -9,712 -343 67 68 Short term ................................................................................... 11,389 42,484 31,095 12,690 -20,563 45,866 -24,286 -46,017 -21,731 68 69 Long term .................................................................................... 139,674 -91,090 -230,764 -56,044 -47,558 -42,666 14,916 36,305 21,389 69 70 Other investment assets .......................................................................... -99,203 -270,924 -171,721 -37,412 -125,134 50,968 70,566 -22,593 -93,159 70 71 Currency and deposits .......................................................................... -160,433 -194,429 -33,996 -66,480 -50,368 72,116 -25,267 -87,598 -62,331 71 72 Loans .......................................................................................... 67,055 -74,774 -141,829 28,173 -73,938 -24,242 98,186 63,710 -34,476 72 73 Insurance technical reserves ................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 73 74 Trade credit and advances ...................................................................... -5,824 -1,721 4,103 895 -828 3,094 -2,353 1,295 3,648 74 75 Reserve assets ................................................................................... -3,583 -6,292 -2,709 -266 -990 -1,191 189 1,642 1,453 75 76 Monetary gold .................................................................................. 0 0 0 0 0 0 0 0 0 76 77 Special drawing rights ......................................................................... 23 9 -14 2 2 2 (*) 2 2 77 78 Reserve position in the International Monetary Fund ............................................ -3,849 -6,485 -2,636 -314 -1,046 -1,214 175 1,654 1,479 78 79 Other reserve assets ........................................................................... 243 185 -58 46 54 21 14 -14 -28 79 80 Currency and deposits ........................................................................ 5 -20 -25 -7 -8 -10 -14 -18 -4 80 81 Securities ................................................................................... 234 205 -29 53 63 31 28 4 -24 81 82 Financial derivatives ........................................................................ 0 0 0 0 0 0 0 0 0 82 83 Other claims ................................................................................. 4 0 -4 0 0 0 0 0 0 83 84 Net U.S. incurrence of liabilities excluding financial derivatives (net increase in liabilities / financial inflow (+)) ............................................... 1,056,374 395,234 -661,140 -39,884 -118,322 118,207 367,324 251,459 -115,865 84 85 Direct investment liabilities .................................................................... 207,368 379,435 172,067 50,590 26,773 91,335 174,007 86,874 -87,133 85 86 Equity ......................................................................................... 112,000 301,108 189,108 40,520 40,884 89,637 121,806 75,937 -45,869 86 87 Debt instruments ............................................................................... 95,368 78,327 -17,041 10,069 -14,111 1,698 52,201 10,936 -41,265 87 88 Portfolio investment liabilities ................................................................. 701,861 250,936 -450,925 -126,250 18,109 -21,197 11,934 229,129 217,195 88 89 Equity and investment fund shares .............................................................. 154,311 -178,266 -332,577 -33,301 -153,464 -95,660 -48,482 129,964 178,446 89 90 Debt securities ................................................................................ 547,550 429,202 -118,348 -92,949 171,573 74,462 60,416 99,165 38,749 90 91 Short term ................................................................................... 22,329 45,783 23,454 -51,361 65,957 -10,464 -27,272 30,025 57,297 91 92 Long term .................................................................................... 525,221 383,419 -141,802 -41,588 105,616 84,927 87,688 69,140 -18,548 92 93 Other investment liabilities ..................................................................... 147,145 -235,137 -382,282 35,775 -163,204 48,069 181,383 -64,544 -245,927 93 94 Currency and deposits .......................................................................... 59,579 33,406 -26,173 10,946 23,621 -40,969 96,940 -37,106 -134,046 94 95 Loans .......................................................................................... 73,581 -282,713 -356,294 19,479 -186,267 84,376 79,639 -24,253 -103,892 95 96 Insurance technical reserves ................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 96 97 Trade credit and advances ...................................................................... 13,985 14,169 184 5,351 -559 4,662 4,805 -3,185 -7,990 97 98 Special drawing rights allocations ............................................................. 0 0 0 0 0 0 0 0 0 98 99 Financial derivatives other than reserves, net transactions /3/ .................................... -54,347 -25,392 28,955 746 12,353 12,994 2,904 12,063 9,159 99 Statistical discrepancy 100 Statistical discrepancy /4/ ........................................................................ 104,727 267,780 163,053 79,913 91,620 86,546 77,278 -94,987 -172,265 100 Balances 101 Balance on current account (line 1 less line 31) /5/ ............................................... -392,060 -462,965 -70,905 -123,106 -113,406 -131,838 -118,271 -112,958 5,313 101 102 Balance on goods and services (line 2 less line 32) .............................................. -490,176 -500,361 -10,185 -125,611 -124,209 -125,217 -124,745 -116,433 8,312 102 103 Balance on goods (line 3 less line 33) ......................................................... -752,169 -762,565 -10,396 -189,768 -188,404 -186,290 -186,736 -177,697 9,039 103 104 Balance on services (line 13 less line 42) ..................................................... 261,993 262,203 210 64,157 64,195 61,073 61,991 61,265 -726 104 105 Balance on primary income (line 23 less line 52) ................................................. 224,005 182,385 -41,620 41,848 47,115 34,015 44,221 43,400 -821 105 106 Balance on secondary income (line 30 less line 58) ............................................... -125,888 -144,988 -19,100 -39,343 -36,312 -40,637 -37,747 -39,925 -2,178 106 107 Balance on capital account (line 59 less line 60) /5/ .............................................. -45 -42 3 -1 0 -58 0 0 0 107 108 Net lending (+) or net borrowing (-) from current- and capital- account transactions (line 101 plus line 107) /6/ .................................................. -392,105 -463,007 -70,902 -123,106 -113,406 -131,897 -118,271 -112,958 5,313 108 109 Net lending (+) or net borrowing (-) from financial-account transactions (line 61 less line 84 plus line 99) /6/ ............................................... -287,378 -195,227 92,151 -43,194 -21,786 -45,350 -40,994 -207,945 -166,951 109 p Preliminary r Revised n.a. Not available (*) Transactions are between zero and +/- $500,000 1. All travel purposes include 1) business travel, including expenditures by border, seasonal, and other short-term workers and 2) personal travel, including health-related and education-related travel. 2. Secondary income (current transfer) receipts and payments include U.S. government and private transfers, such as U.S. government grants and pensions, fines and penalties, withholding taxes, personal transfers (remittances), insurance-related transfers, and other current transfers. 3. Transactions for financial derivatives are only available as a net value equal to transactions for assets less transactions for liabilities. A positive value represents net U.S. cash payments arising from derivatives contracts, and a negative value represents net U.S. cash receipts. 4. The statistical discrepancy, which can be calculated as line 109 less line 108, is the difference between total debits and total credits recorded in the current, capital, and financial accounts. In the current and capital accounts, credits and debits are labeled in the table. In the financial account, an acquisition of an asset or a repayment of a liability is a debit, and an incurrence of a liability or a disposal of an asset is a credit. 5. Current- and capital-account statistics in the international transactions accounts differ slightly from statistics in the National Income and Product Accounts (NIPAs) because of adjustments made to convert the international transactions statistics to national economic accounting concepts. A reconciliation between annual statistics in the two sets of accounts appears in NIPA table 4.3B (www.bea.gov/iTable/iTable.cfm?reqid=9&step=3&isuri=1&903=136). 6. Net lending means that U.S. residents are net suppliers of funds to foreign residents, and net borrowing means the opposite. Net lending or net borrowing can be computed from current- and capital- account transactions or from financial-account transactions. The two amounts differ by the statistical discrepancy. Notes: Details may not add to totals because of rounding. See International Transactions Accounts table 1.3 at www.bea.gov/itable/ for geographic detail. Source: U.S. Bureau of Economic Analysis December 15, 2016 Table 2. U.S. International Trade in Goods [Millions of dollars] Line 2014 2015 Change: Seasonally adjusted Change: 2014 to 2015 2015 2016 2016 2016 2016:II to 2015 III IV I II r III p 2016:III 1 Exports of goods (table 1, line 3) ................................................................. 1,633,320 1,510,303 -123,017 377,157 365,275 354,143 360,228 375,947 15,719 1 2 General merchandise ............................................................................ 1,610,368 1,488,639 -121,729 371,021 360,173 349,838 356,152 370,115 13,963 2 3 Net exports of goods under merchanting ......................................................... 299 259 -40 74 63 50 50 53 3 3 4 Nonmonetary gold ............................................................................... 22,654 21,405 -1,249 6,062 5,038 4,254 4,025 5,779 1,754 4 5 General merchandise, all end-use commodities (line 2) ............................................ 1,610,368 1,488,639 -121,729 371,021 360,173 349,838 356,152 370,115 13,963 5 6 Foods, feeds, and beverages .................................................................... 143,722 127,727 -15,995 32,121 30,049 28,858 31,148 41,703 10,555 6 7 Agricultural ................................................................................. 134,063 118,259 -15,804 29,705 27,766 26,536 28,826 39,300 10,474 7 8 Grains and preparations .................................................................... 32,782 28,292 -4,490 7,405 6,067 5,899 7,276 8,179 903 8 9 Wheat .................................................................................... 7,908 5,790 -2,118 1,424 1,366 1,199 1,302 1,448 146 9 10 Corn ..................................................................................... 11,938 9,376 -2,562 2,586 1,632 1,983 3,029 3,467 438 10 11 Rice and other food grains ............................................................... 2,130 2,126 -4 569 543 464 505 510 5 11 12 Other feeds .............................................................................. 10,807 11,000 193 2,825 2,527 2,253 2,440 2,755 315 12 13 Soybeans ................................................................................... 25,124 19,778 -5,346 5,294 4,992 3,995 4,324 13,571 9,247 13 14 Meat products and poultry .................................................................. 20,065 16,616 -3,449 3,867 3,825 3,851 4,133 4,292 159 14 15 Vegetables, fruits, nuts, and preparations ................................................. 25,193 24,917 -276 6,167 5,795 5,899 6,195 6,175 -20 15 16 Other agricultural foods, feeds, and beverages ............................................. 30,899 28,656 -2,243 6,973 7,088 6,892 6,899 7,083 184 16 17 Nonagricultural .............................................................................. 9,659 9,469 -190 2,415 2,283 2,323 2,322 2,403 81 17 18 Fish and shellfish ......................................................................... 5,977 5,775 -202 1,510 1,392 1,425 1,388 1,466 78 18 19 Distilled beverages and other nonagricultural foods, feeds, and beverages .................. 3,682 3,693 11 906 891 897 934 938 4 19 20 Industrial supplies and materials .............................................................. 500,360 417,062 -83,298 103,427 95,873 92,204 96,199 98,898 2,699 20 21 Agricultural ................................................................................. 19,753 18,207 -1,546 4,837 3,877 3,926 3,951 5,001 1,050 21 22 Raw cotton ................................................................................. 4,412 3,903 -509 995 755 670 868 1,514 646 22 23 Tobacco, unmanufactured .................................................................... 1,118 1,131 13 430 124 360 250 324 74 23 24 Hides and skins, including furskins ........................................................ 2,931 2,441 -490 596 513 511 433 502 69 24 25 Other agricultural industrial supplies ..................................................... 11,292 10,732 -560 2,816 2,485 2,385 2,400 2,662 262 25 26 Nonagricultural .............................................................................. 480,607 398,855 -81,752 98,590 91,996 88,278 92,248 93,897 1,649 26 27 Energy products ............................................................................ 182,764 124,981 -57,783 30,673 27,119 24,741 29,043 28,672 -371 27 28 Petroleum and products ................................................................... 161,490 109,393 -52,097 27,262 23,949 21,876 26,036 25,511 -525 28 29 Crude .................................................................................. 11,584 7,717 -3,867 1,934 1,520 1,324 2,027 2,556 529 29 30 Fuel oil ............................................................................... 65,918 40,928 -24,990 10,180 8,535 7,081 9,240 9,202 -38 30 31 Other petroleum products ............................................................... 73,331 52,586 -20,745 13,022 11,947 11,598 12,335 11,675 -660 31 32 Liquified petroleum gases .............................................................. 10,657 8,162 -2,495 2,126 1,948 1,873 2,433 2,078 -355 32 33 Coal and related products ................................................................ 11,876 8,864 -3,012 2,074 1,795 1,694 1,709 1,643 -66 33 34 Natural gas .............................................................................. 7,672 4,772 -2,900 1,048 1,028 899 982 1,190 208 34 35 Nuclear fuel and electric energy ......................................................... 1,726 1,951 225 288 347 271 316 327 11 35 36 Paper and paper-base stocks ................................................................ 22,505 21,742 -763 5,416 5,339 5,286 5,197 5,247 50 36 37 Textile supplies and related materials ..................................................... 15,205 14,332 -873 3,521 3,521 3,436 3,231 3,348 117 37 38 Chemicals except medicinals ................................................................ 119,387 111,413 -7,974 28,029 26,408 25,807 25,572 26,298 726 38 39 Plastic materials ........................................................................ 36,914 34,107 -2,807 8,439 8,218 8,146 8,049 8,032 -17 39 40 Fertilizers, pesticides, and insecticides ................................................ 9,487 8,705 -782 2,172 2,036 1,798 1,631 2,171 540 40 41 Industrial inorganic chemicals ........................................................... 9,222 8,831 -391 2,265 2,096 2,077 2,088 1,989 -99 41 42 Industrial organic chemicals ............................................................. 32,825 29,966 -2,859 7,641 6,752 6,625 6,671 6,648 -23 42 43 Other chemicals .......................................................................... 30,939 29,805 -1,134 7,511 7,306 7,161 7,133 7,458 325 43 44 Building materials except metals ........................................................... 15,532 14,038 -1,494 3,418 3,391 3,405 3,457 3,499 42 44 45 Other nonmetals ............................................................................ 35,561 34,648 -913 8,645 8,551 8,265 8,313 8,315 2 45 46 Metals and nonmetallic products ............................................................ 89,653 77,702 -11,951 18,887 17,666 17,339 17,436 18,518 1,082 46 47 Steelmaking materials .................................................................... 9,390 5,754 -3,636 1,337 1,188 1,019 1,177 1,180 3 47 48 Iron and steel products .................................................................. 18,977 16,342 -2,635 3,932 3,647 3,550 3,601 3,606 5 48 49 Nonferrous metals ........................................................................ 33,337 29,206 -4,131 7,208 6,473 6,649 6,682 7,665 983 49 50 Precious metals except nonmonetary gold ................................................ 7,582 6,230 -1,352 1,459 1,436 1,465 1,283 1,492 209 50 51 Bauxite and aluminum ................................................................... 8,918 8,242 -676 2,087 1,953 1,783 2,052 2,779 727 51 52 Copper ................................................................................. 8,758 7,292 -1,466 1,799 1,483 1,678 1,541 1,533 -8 52 53 Other nonferrous metals ................................................................ 8,079 7,443 -636 1,864 1,600 1,724 1,806 1,861 55 53 54 Other metals and nonmetallic products .................................................... 27,949 26,399 -1,550 6,410 6,359 6,121 5,975 6,067 92 54 55 Capital goods except automotive ................................................................ 551,720 539,700 -12,020 134,012 132,751 129,467 129,306 128,651 -655 55 56 Machinery and equipment except consumer-type ................................................. 431,864 413,655 -18,209 103,140 101,016 99,464 97,153 96,969 -184 56 57 Electric-generating machinery, electric apparatus, and parts ............................... 57,168 56,312 -856 14,182 13,712 13,832 13,076 13,486 410 57 58 Oil-drilling, mining, and construction machinery ........................................... 29,560 23,131 -6,429 5,494 5,458 4,602 4,084 4,044 -40 58 59 Industrial engines, pumps, and compressors ................................................. 29,703 27,436 -2,267 6,725 6,676 6,671 5,999 6,030 31 59 60 Machine tools and metalworking machinery ................................................... 7,618 7,282 -336 1,797 1,733 1,608 1,679 1,578 -101 60 61 Measuring, testing, and control instruments ................................................ 25,158 23,988 -1,170 5,912 5,701 5,723 5,727 5,743 16 61 62 Other industrial machinery ................................................................. 80,610 78,012 -2,598 19,963 18,486 17,993 17,714 17,608 -106 62 63 Other service-industry and agricultural machinery .......................................... 19,598 17,880 -1,718 4,424 4,526 4,301 4,054 4,023 -31 63 64 Computers .................................................................................. 16,894 15,946 -948 4,003 3,886 3,606 3,696 3,781 85 64 65 Computer accessories, peripherals, and parts ............................................... 31,911 30,888 -1,023 7,811 7,753 8,280 7,896 7,195 -701 65 66 Semiconductors ............................................................................. 43,792 42,798 -994 10,598 10,553 11,057 11,174 10,864 -310 66 67 Telecommunications equipment ............................................................... 40,662 41,849 1,187 10,310 10,577 9,798 10,127 10,508 381 67 68 Other office and business machines ......................................................... 2,978 2,651 -327 637 612 636 573 593 20 68 69 Scientific, hospital, and medical equipment and parts ...................................... 46,212 45,484 -728 11,283 11,344 11,357 11,355 11,517 162 69 70 Civilian aircraft, engines, and parts ........................................................ 113,130 119,453 6,323 29,183 30,369 28,673 30,715 30,355 -360 70 71 Civilian aircraft, complete, all types ..................................................... 58,230 63,332 5,102 15,441 15,878 13,757 16,244 15,669 -575 71 72 Engines and parts .......................................................................... 54,901 56,121 1,220 13,741 14,491 14,916 14,471 14,686 215 72 73 Other transportation equipment ............................................................... 6,725 6,592 -133 1,690 1,366 1,331 1,438 1,326 -112 73 74 Automotive vehicles, parts, and engines ........................................................ 159,812 151,917 -7,895 38,620 37,664 37,547 37,696 37,880 184 74 75 To Canada .................................................................................... 59,983 57,233 -2,750 14,522 14,267 14,565 14,969 15,121 152 75 76 Passenger cars, new and used ............................................................... 14,626 14,309 -317 3,534 3,322 3,252 3,653 3,972 319 76 77 Trucks, buses, and special purpose vehicles ................................................ 15,051 13,589 -1,462 3,369 3,435 3,446 3,591 3,686 95 77 78 Engines and engine parts ................................................................... 5,395 5,302 -93 1,354 1,362 1,539 1,519 1,515 -4 78 79 Other parts and accessories ................................................................ 24,910 24,034 -876 6,266 6,149 6,328 6,206 5,948 -258 79 80 To other areas ............................................................................... 99,830 94,684 -5,146 24,097 23,396 22,982 22,727 22,758 31 80 81 Passenger cars, new and used ............................................................... 45,999 40,260 -5,739 10,749 9,755 10,036 9,739 9,665 -74 81 82 Trucks, buses, and special purpose vehicles ................................................ 4,827 4,356 -471 993 1,046 1,112 1,181 887 -294 82 83 Engines and engine parts ................................................................... 13,000 11,695 -1,305 2,843 2,809 2,736 3,038 2,934 -104 83 84 Other parts and accessories ................................................................ 36,003 38,373 2,370 9,512 9,786 9,097 8,769 9,272 503 84 85 Consumer goods except food and automotive ...................................................... 197,990 197,285 -705 49,010 49,168 48,324 47,295 48,821 1,526 85 86 Nondurable goods ............................................................................. 87,479 91,648 4,169 22,681 23,360 22,832 22,018 21,797 -221 86 87 Apparel, footwear, and household goods ..................................................... 11,063 11,129 66 2,752 2,735 2,608 2,577 2,538 -39 87 88 Medicinal, dental, and pharmaceutical products ............................................. 50,947 55,064 4,117 13,505 14,198 13,950 13,170 13,014 -156 88 89 Toiletries and cosmetics ................................................................... 11,796 11,879 83 2,969 2,987 2,989 2,949 2,984 35 89 90 Other nondurable goods ..................................................................... 13,672 13,576 -96 3,455 3,441 3,285 3,322 3,261 -61 90 91 Durable goods ................................................................................ 110,511 105,637 -4,874 26,330 25,807 25,493 25,277 27,024 1,747 91 92 Televisions, video receivers, and other video equipment .................................... 4,579 4,802 223 1,233 1,143 1,274 1,140 1,244 104 92 93 Radio and stereo equipment, including recorded media ....................................... 4,809 4,303 -506 1,098 1,032 986 963 947 -16 93 94 Toys and sporting goods, including bicycles ................................................ 10,396 9,393 -1,003 2,295 2,221 2,314 2,153 2,343 190 94 95 Household and kitchen appliances and other household goods ................................. 39,938 39,560 -378 9,933 9,720 9,396 9,294 9,575 281 95 96 Household furnishings and related products ............................................... 4,830 4,678 -152 1,137 1,136 1,163 1,133 1,131 -2 96 97 Household and kitchen appliances ......................................................... 7,536 7,290 -246 1,814 1,746 1,745 1,699 1,711 12 97 98 Other household goods, including cell phones ............................................. 27,572 27,592 20 6,982 6,837 6,488 6,462 6,733 271 98 99 Jewelry and collectibles ................................................................... 23,296 23,451 155 5,937 5,783 5,465 5,776 6,771 995 99 100 Gem diamonds and other gemstones ........................................................... 23,010 20,209 -2,801 4,916 4,941 5,118 5,088 5,162 74 100 101 Other durable goods ........................................................................ 4,483 3,920 -563 918 968 941 862 984 122 101 102 Other general merchandise ...................................................................... 56,763 54,948 -1,815 13,831 14,668 13,438 14,508 14,162 -346 102 103 Net exports of goods under merchanting (line 3) .................................................. 299 259 -40 74 63 50 50 53 3 103 104 Nonmonetary gold (line 4) ........................................................................ 22,654 21,405 -1,249 6,062 5,038 4,254 4,025 5,779 1,754 104 105 Imports of goods (table 1, line 33) ................................................................ 2,385,489 2,272,868 -112,621 566,925 553,678 540,433 546,964 553,644 6,680 105 106 General merchandise ............................................................................ 2,370,025 2,260,279 -109,746 563,627 550,752 537,046 541,456 548,088 6,632 106 107 Nonmonetary gold ............................................................................... 15,464 12,589 -2,875 3,298 2,926 3,387 5,508 5,556 48 107 108 General merchandise, all end-use commodities (line 106) .......................................... 2,370,025 2,260,279 -109,746 563,627 550,752 537,046 541,456 548,088 6,632 108 109 Foods, feeds, and beverages .................................................................... 126,804 128,783 1,979 32,074 31,578 32,824 32,248 32,682 434 109 110 Agricultural ................................................................................. 98,346 101,702 3,356 25,635 25,144 25,784 25,178 25,654 476 110 111 Green coffee ............................................................................... 5,229 5,120 -109 1,345 1,278 994 1,186 1,271 85 111 112 Cocoa beans and sugar ...................................................................... 2,931 3,179 248 742 688 933 672 603 -69 112 113 Meat products and poultry .................................................................. 12,134 12,850 716 3,320 2,725 2,892 2,770 2,667 -103 113 114 Vegetables, fruits, nuts, and preparations ................................................. 28,211 30,167 1,956 7,642 7,820 8,130 7,794 8,170 376 114 115 Wine, beer, and related products ........................................................... 9,778 10,243 465 2,546 2,607 2,720 2,683 2,607 -76 115 116 Other agricultural foods, feeds, and beverages ............................................. 40,062 40,142 80 10,040 10,026 10,115 10,073 10,337 264 116 117 Nonagricultural .............................................................................. 28,458 27,080 -1,378 6,439 6,433 7,041 7,071 7,028 -43 117 118 Fish and shellfish ......................................................................... 20,245 18,720 -1,525 4,376 4,410 4,779 4,945 4,854 -91 118 119 Distilled beverages and other nonagricultural foods, feeds, and beverages .................. 8,212 8,360 148 2,063 2,023 2,262 2,125 2,174 49 119 120 Industrial supplies and materials .............................................................. 675,645 492,348 -183,297 121,422 109,742 101,957 107,256 113,792 6,536 120 121 Agricultural ................................................................................. 13,321 11,863 -1,458 2,970 2,874 2,656 2,674 3,038 364 121 122 Nonagricultural .............................................................................. 662,324 480,485 -181,839 118,452 106,868 99,301 104,582 110,754 6,172 122 123 Energy products ............................................................................ 377,715 214,364 -163,351 53,256 44,202 38,010 42,064 46,194 4,130 123 124 Petroleum and products ................................................................... 353,617 197,288 -156,329 48,958 40,286 34,393 38,062 41,872 3,810 124 125 Crude .................................................................................. 248,812 128,637 -120,175 31,633 26,726 22,249 24,424 26,989 2,565 125 126 Fuel oil ............................................................................... 41,980 24,436 -17,544 5,903 4,230 3,812 4,467 5,063 596 126 127 Other petroleum products ............................................................... 58,803 42,149 -16,654 10,973 8,845 7,857 8,768 9,276 508 127 128 Liquified petroleum gases .............................................................. 4,022 2,066 -1,956 449 486 475 402 544 142 128 129 Coal and related products ................................................................ 2,093 2,251 158 689 626 401 720 916 196 129 130 Natural gas .............................................................................. 15,445 8,969 -6,476 2,063 1,798 1,636 1,629 2,101 472 130 131 Nuclear fuel and electric energy ......................................................... 6,561 5,856 -705 1,546 1,492 1,581 1,654 1,304 -350 131 132 Paper and paper-base stocks ................................................................ 12,620 12,131 -489 2,937 2,998 2,927 2,891 2,907 16 132 133 Textile supplies and related materials ..................................................... 14,799 14,905 106 3,724 3,636 3,492 3,476 3,474 -2 133 134 Chemicals except medicinals ................................................................ 80,745 73,618 -7,127 18,139 17,245 17,043 17,572 17,447 -125 134 135 Plastic materials ........................................................................ 17,342 16,230 -1,112 3,918 3,881 3,913 3,821 4,013 192 135 136 Fertilizers, pesticides, and insecticides ................................................ 15,076 14,526 -550 3,766 3,213 3,119 3,015 2,721 -294 136 137 Industrial inorganic chemicals ........................................................... 7,560 7,197 -363 1,767 1,697 1,564 1,530 1,560 30 137 138 Industrial organic chemicals ............................................................. 28,110 23,266 -4,844 5,643 5,449 5,502 6,118 6,180 62 138 139 Other chemicals .......................................................................... 12,656 12,398 -258 3,045 3,005 2,944 3,086 2,973 -113 139 140 Building materials except metals ........................................................... 28,296 29,861 1,565 7,520 7,594 7,734 7,932 8,187 255 140 141 Other nonmetals ............................................................................ 33,362 33,952 590 8,471 8,310 8,394 8,291 8,285 -6 141 142 Metals and nonmetallic products ............................................................ 114,788 101,655 -13,133 24,404 22,881 21,701 22,356 24,261 1,905 142 143 Steelmaking materials .................................................................... 8,817 6,007 -2,810 1,481 1,242 1,074 1,199 1,439 240 143 144 Iron and steel products .................................................................. 46,250 40,084 -6,166 9,322 8,791 8,062 8,032 8,865 833 144 145 Nonferrous metals ........................................................................ 37,637 33,613 -4,024 7,865 7,391 7,146 7,627 8,709 1,082 145 146 Precious metals except nonmonetary gold ................................................ 10,799 8,823 -1,976 2,024 2,059 1,781 1,995 2,586 591 146 147 Bauxite and aluminum ................................................................... 11,685 12,107 422 2,859 2,715 2,876 2,943 3,156 213 147 148 Other nonferrous metals ................................................................ 15,153 12,683 -2,470 2,981 2,617 2,489 2,688 2,967 279 148 149 Other metals and nonmetallic products .................................................... 22,084 21,951 -133 5,736 5,458 5,420 5,498 5,248 -250 149 150 Capital goods except automotive ................................................................ 598,674 606,730 8,056 150,361 149,532 145,482 149,087 148,651 -436 150 151 Machinery and equipment except consumer-type ................................................. 538,378 544,230 5,852 134,905 134,008 131,856 133,701 135,022 1,321 151 152 Electric-generating machinery, electric apparatus and parts ................................ 71,706 71,839 133 17,496 17,682 17,429 17,549 17,625 76 152 153 Oil-drilling, mining, and construction machinery ........................................... 24,114 21,074 -3,040 4,408 3,867 3,850 3,612 3,577 -35 153 154 Industrial engines, pumps, and compressors ................................................. 24,860 24,225 -635 5,839 5,741 5,707 5,591 5,485 -106 154 155 Machine tools and metalworking machinery ................................................... 11,417 11,444 27 2,761 2,784 2,681 2,711 2,808 97 155 156 Measuring, testing, and control instruments ................................................ 20,161 20,513 352 5,036 5,064 4,874 5,036 5,053 17 156 157 Other industrial machinery ................................................................. 87,033 86,068 -965 21,058 21,106 20,487 20,591 20,768 177 157 158 Other service-industry and agricultural machinery .......................................... 29,116 29,449 333 7,365 7,480 7,300 7,087 7,066 -21 158 159 Computers .................................................................................. 64,000 63,269 -731 16,752 15,524 15,136 15,816 15,454 -362 159 160 Computer accessories, peripherals, and parts ............................................... 57,987 56,980 -1,007 14,138 13,534 13,213 12,931 13,379 448 160 161 Semiconductors ............................................................................. 44,043 46,244 2,201 11,690 12,016 12,695 13,291 13,083 -208 161 162 Telecommunications equipment ............................................................... 58,815 66,326 7,511 16,759 17,523 16,717 17,481 18,285 804 162 163 Other office and business machines ......................................................... 4,825 5,104 279 1,270 1,244 1,336 1,257 1,370 113 163 164 Scientific, hospital, and medical equipment and parts ...................................... 40,302 41,697 1,395 10,333 10,441 10,431 10,747 11,070 323 164 165 Civilian aircraft, engines, and parts ........................................................ 53,275 55,177 1,902 13,689 13,708 12,227 13,787 12,244 -1,543 165 166 Civilian aircraft, complete, all types ..................................................... 16,732 18,265 1,533 4,497 4,632 3,197 4,529 3,140 -1,389 166 167 Engines and parts .......................................................................... 36,543 36,912 369 9,192 9,076 9,030 9,258 9,104 -154 167 168 Other transportation equipment ............................................................... 7,021 7,323 302 1,767 1,817 1,399 1,599 1,385 -214 168 169 Automotive vehicles, parts, and engines ........................................................ 329,500 350,053 20,553 88,534 88,799 88,441 86,396 87,091 695 169 170 From Canada .................................................................................. 63,480 62,609 -871 16,035 16,346 17,058 16,112 16,141 29 170 171 Passenger cars, new and used ............................................................... 42,918 42,355 -563 10,835 11,442 12,116 11,296 11,298 2 171 172 Trucks, buses, and special purpose vehicles ................................................ 2,704 2,939 235 778 661 742 726 711 -15 172 173 Engines and engine parts ................................................................... 3,782 3,722 -60 960 914 1,004 860 911 51 173 174 Other parts and accessories ................................................................ 14,076 13,593 -483 3,462 3,329 3,196 3,229 3,221 -8 174 175 From other areas ............................................................................. 266,021 287,445 21,424 72,499 72,453 71,383 70,284 70,950 666 175 176 Passenger cars, new and used ............................................................... 110,675 124,006 13,331 31,869 31,861 30,696 30,170 31,853 1,683 176 177 Trucks, buses, and special purpose vehicles ................................................ 29,790 32,230 2,440 7,791 7,854 8,258 8,044 6,923 -1,121 177 178 Engines and engine parts ................................................................... 25,602 25,797 195 6,404 6,418 6,014 6,117 6,149 32 178 179 Other parts and accessories ................................................................ 99,954 105,411 5,457 26,435 26,320 26,414 25,953 26,024 71 179 180 Consumer goods except food and automotive ...................................................... 558,695 596,541 37,846 149,751 149,107 147,260 144,886 143,974 -912 180 181 Nondurable goods ............................................................................. 258,259 281,812 23,553 70,547 69,926 70,113 70,398 67,869 -2,529 181 182 Apparel, footwear, and household goods ..................................................... 135,908 142,500 6,592 35,929 34,736 34,388 33,714 32,713 -1,001 182 183 Medicinal, dental, and pharmaceutical products ............................................. 91,984 108,207 16,223 26,893 27,561 27,744 28,851 27,183 -1,668 183 184 Toiletries and cosmetics ................................................................... 10,227 10,350 123 2,608 2,519 2,694 2,638 2,781 143 184 185 Other nondurable goods ..................................................................... 20,139 20,755 616 5,117 5,110 5,287 5,194 5,192 -2 185 186 Durable goods ................................................................................ 300,436 314,729 14,293 79,204 79,180 77,148 74,487 76,105 1,618 186 187 Televisions, video receivers, and other video equipment .................................... 28,220 28,358 138 7,541 7,510 5,909 5,881 6,319 438 187 188 Radio and stereo equipment, including recorded media ....................................... 9,821 10,322 501 2,821 2,644 2,593 2,297 2,328 31 188 189 Toys and sporting goods, including bicycles ................................................ 36,993 39,404 2,411 10,380 9,657 9,607 9,257 9,893 636 189 190 Household and kitchen appliances and other household goods ................................. 163,813 172,492 8,679 42,747 43,412 43,658 40,814 42,120 1,306 190 191 Household furnishings and related products ............................................... 28,860 32,139 3,279 8,076 8,220 8,382 8,155 8,256 101 191 192 Household and kitchen appliances ......................................................... 25,320 27,104 1,784 7,137 6,926 6,652 6,477 6,614 137 192 193 Other household goods, including cell phones ............................................. 109,633 113,249 3,616 27,533 28,267 28,624 26,182 27,251 1,069 193 194 Jewelry and collectibles ................................................................... 25,430 28,516 3,086 6,826 7,420 6,408 7,124 6,463 -661 194 195 Gem diamonds and other gemstones ........................................................... 28,318 27,058 -1,260 6,784 6,452 6,882 7,097 6,948 -149 195 196 Other durable goods ........................................................................ 7,841 8,579 738 2,106 2,086 2,092 2,018 2,033 15 196 197 Other general merchandise ...................................................................... 80,707 85,823 5,116 21,485 21,995 21,082 21,583 21,898 315 197 198 Nonmonetary gold (line 107) ...................................................................... 15,464 12,589 -2,875 3,298 2,926 3,387 5,508 5,556 48 198 199 Balance on goods (line 1 less line 105) ............................................................ -752,169 -762,565 -10,396 -189,768 -188,404 -186,290 -186,736 -177,697 9,039 199 p Preliminary r Revised Notes: Details may not add to totals because of rounding. See International Transactions Accounts tables 2.2–2.4 at www.bea.gov/itable/ for additional account and geographic detail. Source: U.S. Bureau of Economic Analysis December 15, 2016 Table 3. U.S. International Trade in Services [Millions of dollars] Line 2014 2015 Change: Seasonally adjusted Change: 2014 to 2015 2015 2016 2016 2016 2016:II to 2015 III IV I II r III p 2016:III 1 Exports of services (table 1, line 13) ............................................................. 743,257 750,860 7,603 187,118 186,962 184,727 186,203 188,170 1,967 1 2 Maintenance and repair services n.i.e. ........................................................... 22,132 24,036 1,904 6,018 6,627 6,307 6,495 6,718 223 2 3 Transport ........................................................................................ 90,701 87,221 -3,480 21,550 21,594 21,363 21,086 20,764 -322 3 4 Sea transport .................................................................................. 18,161 18,044 -117 4,502 4,454 4,409 4,507 4,553 46 4 5 Freight ...................................................................................... 4,325 3,816 -509 912 916 874 921 928 7 5 6 Port ......................................................................................... 13,836 14,228 392 3,590 3,538 3,535 3,586 3,625 39 6 7 Air transport .................................................................................. 68,053 64,672 -3,381 15,976 15,976 15,775 15,300 15,129 -171 7 8 Passenger .................................................................................... 44,071 41,704 -2,367 10,246 10,277 10,174 9,525 9,389 -136 8 9 Freight ...................................................................................... 14,261 12,906 -1,355 3,198 3,097 3,061 3,168 3,145 -23 9 10 Port ......................................................................................... 9,721 10,062 341 2,531 2,602 2,540 2,607 2,594 -13 10 11 Other modes of transport ....................................................................... 4,487 4,505 18 1,072 1,163 1,178 1,279 1,083 -196 11 12 Travel (for all purposes including education) /1/ ................................................ 191,325 204,523 13,198 51,712 51,569 51,420 50,667 52,670 2,003 12 13 Business ....................................................................................... 43,509 42,754 -755 10,731 10,659 10,292 10,031 10,097 66 13 14 Expenditures by border, seasonal, and other short-term workers ............................... 7,654 8,184 530 2,097 2,110 2,022 2,043 2,025 -18 14 15 Other business travel ........................................................................ 35,855 34,570 -1,285 8,634 8,549 8,270 7,988 8,072 84 15 16 Personal ....................................................................................... 147,816 161,769 13,953 40,981 40,910 41,128 40,636 42,573 1,937 16 17 Health related ............................................................................... 3,468 3,597 129 898 916 922 930 946 16 17 18 Education related ............................................................................ 30,966 35,760 4,794 9,053 9,434 9,838 10,089 10,588 499 18 19 Other personal travel ........................................................................ 113,382 122,412 9,030 31,031 30,560 30,369 29,617 31,039 1,422 19 20 Insurance services ............................................................................... 17,312 17,142 -170 4,237 4,492 4,244 4,453 4,554 101 20 21 Direct insurance ............................................................................... 3,974 3,346 -628 807 817 792 771 752 -19 21 22 Reinsurance .................................................................................... 11,448 11,895 447 2,959 3,206 3,010 3,247 3,373 126 22 23 Auxiliary insurance services ................................................................... 1,890 1,901 11 471 469 441 435 429 -6 23 24 Financial services ............................................................................... 107,712 102,461 -5,251 24,981 24,318 22,830 23,968 23,907 -61 24 25 Securities brokerage, underwriting, and related services ....................................... 13,406 11,805 -1,601 2,884 2,639 2,806 2,717 2,497 -220 25 26 Financial management, financial advisory, and custody services ................................. 57,371 54,531 -2,840 13,093 12,543 10,824 11,503 11,462 -41 26 27 Credit card and other credit-related services .................................................. 20,435 19,714 -721 4,962 5,017 4,842 5,189 5,382 193 27 28 Securities lending, electronic funds transfer, and other services .............................. 16,500 16,410 -90 4,043 4,118 4,358 4,558 4,566 8 28 29 Charges for the use of intellectual property n.i.e. .............................................. 129,890 124,664 -5,226 31,252 30,739 30,317 30,211 30,033 -178 29 30 Industrial processes ........................................................................... 48,497 45,898 -2,599 11,261 11,700 10,421 10,189 9,990 -199 30 31 Computer software .............................................................................. 39,197 36,752 -2,445 9,719 8,708 9,169 9,327 9,340 13 31 32 Trademarks and franchise fees .................................................................. 22,544 20,582 -1,962 4,964 4,872 4,981 5,031 4,908 -123 32 33 Audio-visual and related products .............................................................. 19,569 21,308 1,739 5,280 5,408 5,693 5,619 5,738 119 33 34 Other intellectual property .................................................................... 83 125 42 30 51 53 45 57 12 34 35 Telecommunications, computer, and information services ........................................... 35,044 35,895 851 9,062 9,168 9,408 9,273 9,439 166 35 36 Telecommunications services .................................................................... 13,736 12,645 -1,091 3,204 3,227 3,288 3,209 3,243 34 36 37 Computer services .............................................................................. 14,152 15,951 1,799 4,024 4,033 4,383 4,272 4,416 144 37 38 Information services ........................................................................... 7,156 7,299 143 1,834 1,909 1,737 1,792 1,780 -12 38 39 Other business services .......................................................................... 128,817 134,648 5,831 32,936 33,654 34,374 34,976 35,051 75 39 40 Research and development services .............................................................. 32,946 34,526 1,580 8,473 9,182 8,596 8,871 8,879 8 40 41 Professional and management consulting services ................................................ 59,623 64,912 5,289 15,794 15,953 17,552 18,678 18,957 279 41 42 Technical, trade-related, and other business services /2/ ...................................... 36,248 35,210 -1,038 8,669 8,520 8,226 7,427 7,215 -212 42 43 Government goods and services n.i.e. ............................................................. 20,325 20,270 -55 5,369 4,800 4,464 5,074 5,032 -42 43 44 Imports of services (table 1, line 42) ............................................................. 481,264 488,657 7,393 122,961 122,767 123,654 124,212 126,905 2,693 44 45 Maintenance and repair services n.i.e. ........................................................... 7,521 8,996 1,475 2,451 2,287 2,147 2,059 2,037 -22 45 46 Transport ........................................................................................ 94,160 97,050 2,890 24,322 23,979 24,045 24,199 24,192 -7 46 47 Sea transport .................................................................................. 36,254 37,295 1,041 9,364 9,052 8,886 8,616 8,536 -80 47 48 Freight ...................................................................................... 34,013 35,005 992 8,792 8,488 8,320 8,028 7,934 -94 48 49 Port ......................................................................................... 2,241 2,290 49 572 564 566 588 602 14 49 50 Air transport .................................................................................. 53,697 55,851 2,154 14,023 14,000 14,212 14,529 14,676 147 50 51 Passenger .................................................................................... 34,890 35,494 604 8,983 8,919 9,188 9,478 9,314 -164 51 52 Freight ...................................................................................... 7,197 7,895 698 1,928 1,831 1,680 1,654 1,811 157 52 53 Port ......................................................................................... 11,610 12,462 852 3,112 3,250 3,344 3,397 3,551 154 53 54 Other modes of transport ....................................................................... 4,209 3,904 -305 936 927 948 1,053 980 -73 54 55 Travel (for all purposes including education) /1/ ................................................ 105,529 112,873 7,344 28,209 29,231 29,844 29,848 30,722 874 55 56 Business ....................................................................................... 17,271 15,920 -1,351 3,908 4,098 3,941 3,989 4,332 343 56 57 Expenditures by border, seasonal, and other short-term workers ............................... 1,249 1,315 66 332 332 337 341 346 5 57 58 Other business travel ........................................................................ 16,022 14,605 -1,417 3,576 3,766 3,604 3,648 3,986 338 58 59 Personal ....................................................................................... 88,258 96,952 8,694 24,301 25,134 25,903 25,859 26,390 531 59 60 Health related ............................................................................... 1,624 1,828 204 464 477 492 507 522 15 60 61 Education related ............................................................................ 6,992 7,278 286 1,836 1,844 1,859 1,906 1,917 11 61 62 Other personal travel ........................................................................ 79,642 87,846 8,204 22,002 22,812 23,553 23,447 23,951 504 62 63 Insurance services ............................................................................... 51,824 47,772 -4,052 12,020 11,826 11,785 11,972 12,061 89 63 64 Direct insurance ............................................................................... 4,793 4,183 -610 1,046 1,002 964 1,000 980 -20 64 65 Reinsurance .................................................................................... 45,495 41,709 -3,786 10,493 10,340 10,312 10,465 10,548 83 65 66 Auxiliary insurance services ................................................................... 1,536 1,880 344 480 484 509 506 533 27 66 67 Financial services ............................................................................... 24,906 25,162 256 6,405 6,125 6,001 6,157 6,329 172 67 68 Securities brokerage, underwriting, and related services ....................................... 4,552 4,412 -140 1,092 1,034 1,010 1,067 1,021 -46 68 69 Financial management, financial advisory, and custody services ................................. 11,454 11,524 70 2,921 2,698 2,553 2,536 2,663 127 69 70 Credit card and other credit-related services .................................................. 6,122 6,346 224 1,700 1,598 1,697 1,779 1,880 101 70 71 Securities lending, electronic funds transfer, and other services .............................. 2,778 2,880 102 692 795 741 776 764 -12 71 72 Charges for the use of intellectual property n.i.e. .............................................. 42,208 39,495 -2,713 9,871 10,175 9,901 10,281 11,653 1,372 72 73 Industrial processes ........................................................................... 23,851 20,868 -2,983 5,300 5,485 5,273 5,365 5,489 124 73 74 Computer software .............................................................................. 6,717 6,723 6 1,639 1,764 1,812 1,963 1,987 24 74 75 Trademarks and franchise fees .................................................................. 3,878 3,768 -110 896 934 827 860 826 -34 75 76 Audio-visual and related products .............................................................. 7,648 7,955 307 1,983 1,947 1,924 2,045 3,300 1,255 76 77 Other intellectual property .................................................................... 114 181 67 54 44 65 48 51 3 77 78 Telecommunications, computer, and information services ........................................... 36,313 36,440 127 9,184 9,049 9,434 9,231 9,339 108 78 79 Telecommunications services .................................................................... 6,759 6,242 -517 1,724 1,473 1,520 1,318 1,308 -10 79 80 Computer services .............................................................................. 27,093 27,785 692 6,903 6,952 7,294 7,336 7,449 113 80 81 Information services ........................................................................... 2,461 2,413 -48 557 624 620 577 582 5 81 82 Other business services .......................................................................... 94,568 99,354 4,786 25,092 24,920 25,424 25,178 25,360 182 82 83 Research and development services .............................................................. 30,902 32,022 1,120 8,171 8,123 9,011 8,633 8,885 252 83 84 Professional and management consulting services ................................................ 38,937 40,436 1,499 9,984 10,198 10,179 10,383 10,439 56 84 85 Technical, trade-related, and other business services /2/ ...................................... 24,730 26,896 2,166 6,936 6,598 6,235 6,162 6,036 -126 85 86 Government goods and services n.i.e. ............................................................. 24,236 21,515 -2,721 5,408 5,175 5,072 5,287 5,213 -74 86 87 Balance on services (line 1 less line 44) .......................................................... 261,993 262,203 210 64,157 64,195 61,073 61,991 61,265 -726 87 Supplemental detail on insurance transactions: 88 Premiums received .................................................................................. 30,889 31,772 883 7,895 8,635 8,066 8,331 8,524 193 88 89 Losses paid ........................................................................................ 16,735 17,863 1,128 4,507 4,468 4,515 4,564 4,592 28 89 90 Premiums paid ...................................................................................... 108,137 109,858 1,721 28,072 27,950 28,330 29,094 29,665 571 90 91 Losses recovered ................................................................................... 75,422 73,108 -2,314 18,149 18,177 17,979 17,789 17,654 -135 91 p Preliminary r Revised 1. All travel purposes include 1) business travel, including expenditures by border, seasonal, and other short-term workers and 2) personal travel, including health-related and education-related travel. 2. Includes construction, architectural and engineering services, waste treatment, operational leasing, trade-related, and other business services. Notes: Details may not add to totals because of rounding. See International Transactions Accounts tables 3.2 and 3.3 at www.bea.gov/itable/ for geographic detail. Source: U.S. Bureau of Economic Analysis December 15, 2016 Table 4. U.S. International Transactions in Primary Income [Millions of dollars] Line 2014 2015 Change: Seasonally adjusted Change: 2014 to 2015 2015 2016 2016 2016 2016:II to 2015 III IV I II r III p 2016:III 1 Primary income receipts (table 1, line 23) ........................................................ 821,807 782,915 -38,892 196,752 192,089 188,488 202,619 202,825 206 1 2 Investment income ............................................................................... 815,123 775,846 -39,277 194,969 190,304 186,691 200,820 201,021 201 2 3 Direct investment income ...................................................................... 478,381 432,498 -45,883 106,676 104,645 95,964 109,652 109,899 247 3 4 Income on equity ............................................................................ 460,430 413,025 -47,405 102,054 99,302 91,022 104,511 104,718 207 4 5 Dividends and withdrawals ................................................................. 125,963 108,670 -17,293 28,539 25,261 20,820 27,311 29,307 1,996 5 6 Reinvested earnings ....................................................................... 334,466 304,355 -30,111 73,515 74,041 70,202 77,200 75,411 -1,789 6 7 Interest .................................................................................... 17,951 19,473 1,522 4,622 5,343 4,942 5,141 5,181 40 7 8 U.S. parents' receipts .................................................................... 13,390 14,495 1,105 3,461 3,915 3,583 3,656 3,677 21 8 9 U.S. affiliates' receipts ................................................................. 4,561 4,978 417 1,161 1,428 1,359 1,485 1,503 18 9 10 Portfolio investment income ................................................................... 304,984 311,619 6,635 80,014 77,497 81,617 81,031 80,967 -64 10 11 Income on equity and investment fund shares ................................................. 197,747 204,783 7,036 53,349 51,115 55,969 55,282 54,752 -530 11 12 Dividends on equity other than investment fund shares ..................................... 174,705 179,655 4,950 46,451 44,710 49,006 48,293 48,136 -157 12 13 Income attributable to investment fund shareholders ....................................... 23,042 25,128 2,086 6,898 6,405 6,963 6,989 6,615 -374 13 14 Interest on debt securities ................................................................. 107,236 106,836 -400 26,665 26,382 25,648 25,749 26,215 466 14 15 Short term ................................................................................ 717 949 232 243 326 590 591 526 -65 15 16 Long term ................................................................................. 106,520 105,887 -633 26,422 26,056 25,059 25,157 25,690 533 16 17 Other investment income ....................................................................... 31,457 31,515 58 8,227 8,101 9,083 10,117 10,162 45 17 18 Interest /1/ ................................................................................ 20,380 21,833 1,453 5,801 5,656 6,624 7,584 7,598 14 18 19 Income attributable to insurance policyholders .............................................. 11,077 9,683 -1,394 2,426 2,445 2,458 2,533 2,564 31 19 20 Reserve asset income .......................................................................... 302 214 -88 53 61 28 21 -7 -28 20 21 Interest .................................................................................... 302 214 -88 53 61 28 21 -7 -28 21 22 Compensation of employees ....................................................................... 6,684 7,069 385 1,782 1,785 1,797 1,799 1,804 5 22 23 Primary income payments (table 1, line 52) ........................................................ 597,802 600,531 2,729 154,903 144,974 154,473 158,398 159,426 1,028 23 24 Investment income ............................................................................... 580,871 582,466 1,595 150,301 140,316 149,934 153,767 154,785 1,018 24 25 Direct investment income ...................................................................... 189,375 167,103 -22,272 45,387 36,165 41,057 45,581 44,748 -833 25 26 Income on equity ............................................................................ 154,281 129,003 -25,278 35,467 27,115 30,363 34,688 34,336 -352 26 27 Dividends and withdrawals ................................................................. 56,860 46,250 -10,610 12,382 12,347 11,078 14,809 12,119 -2,690 27 28 Reinvested earnings ....................................................................... 97,420 82,753 -14,667 23,085 14,768 19,285 19,879 22,217 2,338 28 29 Interest .................................................................................... 35,095 38,101 3,006 9,921 9,049 10,694 10,893 10,412 -481 29 30 U.S. affiliates' payments ................................................................. 29,710 32,192 2,482 8,422 7,480 9,067 9,186 8,674 -512 30 31 U.S. parents' payments .................................................................... 5,385 5,909 524 1,499 1,569 1,627 1,707 1,738 31 31 32 Portfolio investment income ................................................................... 377,521 400,396 22,875 101,101 99,975 103,113 101,973 103,456 1,483 32 33 Income on equity and investment fund shares ................................................. 126,289 136,818 10,529 34,768 32,643 36,118 33,954 33,659 -295 33 34 Dividends on equity other than investment fund shares ..................................... 100,259 107,965 7,706 27,380 25,840 28,458 26,523 26,120 -403 34 35 Income attributable to investment fund shareholders ....................................... 26,030 28,853 2,823 7,388 6,803 7,660 7,431 7,539 108 35 36 Interest on debt securities ................................................................. 251,232 263,578 12,346 66,333 67,332 66,994 68,018 69,798 1,780 36 37 Short term ................................................................................ 713 1,324 611 322 548 859 823 884 61 37 38 Long term ................................................................................. 250,520 262,254 11,734 66,011 66,783 66,136 67,196 68,914 1,718 38 39 Other investment income ....................................................................... 13,974 14,967 993 3,813 4,177 5,765 6,213 6,580 367 39 40 Interest /1/ ................................................................................ 11,038 12,302 1,264 3,142 3,490 5,081 5,511 5,882 371 40 41 Income attributable to insurance policyholders .............................................. 2,936 2,665 -271 671 687 684 703 698 -5 41 42 Compensation of employees ....................................................................... 16,931 18,065 1,134 4,602 4,658 4,539 4,632 4,641 9 42 43 Balance on primary income (line 1 less line 23) ................................................... 224,005 182,385 -41,620 41,848 47,115 34,015 44,221 43,400 -821 43 p Preliminary r Revised 1. Primarily interest on loans and deposits. Notes: Details may not add to totals because of rounding. See International Transactions Accounts tables 4.2–4.4 at www.bea.gov/itable/ for additional account detail. Source: U.S. Bureau of Economic Analysis December 15, 2016 Table 5. U.S. International Transactions in Secondary Income [Millions of dollars] Line 2014 2015 Change: Seasonally adjusted Change: 2014 to 2015 2015 2016 2016 2016 2016:II to 2015 III IV I II r III p 2016:III 1 Secondary income (current transfer) receipts (table 1, line 30) ................................... 140,373 128,614 -11,759 30,852 31,893 31,589 32,315 32,105 -210 1 2 U.S. government transfers /1/ ................................................................. 38,627 29,120 -9,507 6,232 6,588 6,884 5,782 6,397 615 2 3 Private transfers /2/ ......................................................................... 101,746 99,494 -2,252 24,620 25,305 24,704 26,532 25,707 -825 3 4 Secondary income (current transfer) payments (table 1, line 58) ................................... 266,261 273,602 7,341 70,195 68,205 72,225 70,061 72,030 1,969 4 5 U.S. government transfers ..................................................................... 53,211 52,735 -476 14,068 12,109 15,086 11,945 13,439 1,494 5 6 U.S. government grants /3/ ................................................................ 43,248 42,678 -570 11,545 9,572 11,207 9,351 10,828 1,477 6 7 U.S. government pensions and other transfers /4/ .......................................... 9,963 10,057 94 2,523 2,537 3,879 2,594 2,611 17 7 8 Private transfers ............................................................................. 213,050 220,867 7,817 56,127 56,096 57,139 58,116 58,590 474 8 9 Personal transfers /5/ .................................................................... 41,822 43,319 1,497 10,873 10,990 11,123 11,214 11,265 51 9 10 Other current transfers /6/ ............................................................... 171,228 177,548 6,320 45,254 45,106 46,016 46,902 47,325 423 10 11 Balance on secondary income (line 1 less line 4) .................................................. -125,888 -144,988 -19,100 -39,343 -36,312 -40,637 -37,747 -39,925 -2,178 11 p Preliminary r Revised 1. Primarily withholding taxes received and fines levied by U.S. government agencies. 2. Primarily insurance-related transfers; pensions and benefits received from Canada, Germany, and the United Kingdom; antitrust-related class-action lawsuits; and personal transfers received by U.S. residents. 3. Nonmilitary and military assistance provided to foreigners in the form of goods, services, or cash under programs enacted by the U.S. Congress. 4. Primarily U.S. government social security and retirement benefits paid to former U.S. residents who reside abroad and contributions to international organizations and commissions to meet the financial obligations of membership and to fund United Nations peacekeeping operations. 5. Personal transfers (sometimes called remittances) from U.S. resident immigrants to foreign residents. 6. Primarily insurance-related transfers; withholding taxes paid by U.S. companies; and charitable donations by U.S. entities. Note: Details may not add to totals because of rounding. Source: U.S. Bureau of Economic Analysis December 15, 2016 Table 6. U.S. International Financial Transactions for Direct Investment [Millions of dollars] Line 2014 2015 Change: Seasonally adjusted Change: 2014 to 2015 2015 2016 2016 2016 2016:II to 2015 III IV I II r III p 2016:III   Acquisition of assets / transactions for outward investment 1 Net U.S. acquisition of direct investment assets, asset/liability basis (table 1, line 62) /1/ ..... 343,441 348,646 5,205 51,322 95,969 67,412 106,273 87,513 -18,760 1 2 Equity ........................................................................................... 340,942 316,346 -24,596 79,509 73,622 77,640 90,168 78,093 -12,075 2 3 Equity other than reinvestment of earnings ..................................................... 6,476 11,991 5,515 5,994 -419 7,438 12,967 2,682 -10,285 3 4 Reinvestment of earnings ....................................................................... 334,466 304,355 -30,111 73,515 74,041 70,202 77,200 75,411 -1,789 4 5 Debt instruments ................................................................................. 2,499 32,300 29,801 -28,186 22,347 -10,228 16,106 9,420 -6,686 5 6 U.S. parents' claims ........................................................................... -13,898 22,855 36,753 -25,518 20,043 6,962 2,350 9,119 6,769 6 7 U.S. affiliates' claims ........................................................................ 16,396 9,445 -6,951 -2,669 2,304 -17,190 13,755 301 -13,454 7 8 Less: Adjustments to convert to directional basis .................................................. 31,152 26,152 -5,000 6,620 -3,248 -9,503 30,991 9,976 -21,015 8 9 U.S. parents' liabilities ........................................................................ 14,756 16,707 1,951 9,288 -5,552 7,687 17,236 9,675 -7,561 9 10 U.S. affiliates' claims .......................................................................... 16,396 9,445 -6,951 -2,669 2,304 -17,190 13,755 301 -13,454 10 11 Equals: Financial transactions for outward direct investment (U.S. direct investment abroad), directional basis /2/ ..................................................................... 312,289 322,494 10,205 44,703 99,217 76,915 75,282 77,537 2,255 11 12 Equity ........................................................................................... 340,942 316,346 -24,596 79,509 73,622 77,640 90,168 78,093 -12,075 12 13 Equity other than reinvestment of earnings (line 14 less line 15) .............................. 6,476 11,991 5,515 5,994 -419 7,438 12,967 2,682 -10,285 13 14 Increases .................................................................................... 91,870 65,968 -25,902 16,913 15,022 15,020 37,390 17,089 -20,301 14 15 Decreases .................................................................................... 85,394 53,977 -31,417 10,919 15,441 7,582 24,422 14,407 -10,015 15 16 Reinvestment of earnings ....................................................................... 334,466 304,355 -30,111 73,515 74,041 70,202 77,200 75,411 -1,789 16 17 Reinvestment of earnings without current-cost adjustment ..................................... 314,460 285,038 -29,422 68,705 69,242 65,382 72,380 70,595 -1,785 17 18 Current-cost adjustment ...................................................................... 20,006 19,317 -689 4,810 4,799 4,820 4,820 4,816 -4 18 19 Debt instruments (line 20 less line 21) .......................................................... -28,653 6,148 34,801 -34,806 25,595 -726 -14,885 -556 14,329 19 20 U.S. parents' claims ........................................................................... -13,898 22,855 36,753 -25,518 20,043 6,962 2,350 9,119 6,769 20 21 U.S. parents' liabilities ...................................................................... 14,756 16,707 1,951 9,288 -5,552 7,687 17,236 9,675 -7,561 21 22 Financial transactions without current-cost adjustment for outward direct investment, directional basis (line 11 less line 18) /2/ ....................................................... 292,283 303,177 10,894 39,893 94,418 72,095 70,462 72,721 2,259 22 23 Manufacturing .................................................................................. 56,364 49,294 -7,070 27,014 1,620 7,133 11,628 11,139 -489 23 24 Wholesale trade ................................................................................ 11,013 11,444 431 3,851 2,480 7,496 5,658 3,744 -1,914 24 25 Finance (including depository institutions) and insurance ...................................... -7,791 17,098 24,889 -46,391 33,292 925 1,919 1,496 -423 25 26 Holding companies except bank holding companies ................................................ 164,022 167,068 3,046 43,118 37,877 38,980 41,078 41,460 382 26 27 Other .......................................................................................... 68,675 58,274 -10,401 12,301 19,150 17,560 10,179 14,881 4,702 27 28 Equity other than reinvestment of earnings ....................................................... 6,476 11,991 5,515 5,994 -419 7,438 12,967 2,682 -10,285 28 29 Manufacturing .................................................................................. 10,630 2,248 -8,382 1,191 -357 194 756 -30 -786 29 30 Wholesale trade ................................................................................ 747 1,450 703 (D) (D) 17 61 120 59 30 31 Finance (including depository institutions) and insurance ...................................... 484 -5,688 -6,172 -1,618 -2,093 -134 4,152 -1,253 -5,405 31 32 Holding companies except bank holding companies ................................................ -12,396 10,237 22,633 2,974 622 4,623 4,093 2,153 -1,940 32 33 Other .......................................................................................... 7,012 3,743 -3,269 (D) (D) 2,739 3,905 1,691 -2,214 33 34 Reinvestment of earnings without current-cost adjustment ......................................... 314,460 285,038 -29,422 68,705 69,242 65,382 72,380 70,595 -1,785 34 35 Manufacturing .................................................................................. 45,784 48,729 2,945 12,098 11,879 10,954 11,585 11,646 61 35 36 Wholesale trade ................................................................................ 18,864 14,100 -4,764 (D) (D) 3,728 3,506 3,936 430 36 37 Finance (including depository institutions) and insurance ...................................... 18,230 18,511 281 612 4,878 2,753 2,885 7,460 4,575 37 38 Holding companies except bank holding companies ................................................ 170,715 151,121 -19,594 38,770 35,323 36,844 43,688 34,991 -8,697 38 39 Other .......................................................................................... 60,866 52,577 -8,289 (D) (D) 11,102 10,716 12,562 1,846 39 40 Debt instruments ................................................................................. -28,653 6,148 34,801 -34,806 25,595 -726 -14,885 -556 14,329 40 41 Manufacturing .................................................................................. -50 -1,683 -1,633 13,725 -9,903 -4,014 -713 -478 235 41 42 Wholesale trade ................................................................................ -8,598 -4,106 4,492 -1,697 -897 3,752 2,091 -312 -2,403 42 43 Finance (including depository institutions) and insurance ...................................... -26,506 4,275 30,781 -45,384 30,507 -1,694 -5,117 -4,710 407 43 44 Holding companies except bank holding companies ................................................ 5,704 5,709 5 1,375 1,932 -2,488 -6,704 4,316 11,020 44 45 Other .......................................................................................... 797 1,953 1,156 -2,825 3,955 3,719 -4,442 627 5,069 45 Incurrence of liabilities / transactions for inward investment 46 Net U.S. incurrence of direct investment liabilities, asset/liability basis (table 1, line 85) /1/.. 207,368 379,435 172,067 50,590 26,773 91,335 174,007 86,874 -87,133 46 47 Equity ........................................................................................... 112,000 301,108 189,108 40,520 40,884 89,637 121,806 75,937 -45,869 47 48 Equity other than reinvestment of earnings ..................................................... 14,580 218,355 203,775 17,436 26,116 70,352 101,927 53,720 -48,207 48 49 Reinvestment of earnings ....................................................................... 97,420 82,753 -14,667 23,085 14,768 19,285 19,879 22,217 2,338 49 50 Debt instruments ................................................................................. 95,368 78,327 -17,041 10,069 -14,111 1,698 52,201 10,936 -41,265 50 51 U.S. affiliates' liabilities ................................................................... 80,613 61,620 -18,993 781 -8,559 -5,989 34,965 1,261 -33,704 51 52 U.S. parents' liabilities ...................................................................... 14,756 16,707 1,951 9,288 -5,552 7,687 17,236 9,675 -7,561 52 53 Less: Adjustments to convert to directional basis .................................................. 31,152 26,152 -5,000 6,620 -3,248 -9,503 30,991 9,976 -21,015 53 54 U.S. parents' liabilities ........................................................................ 14,756 16,707 1,951 9,288 -5,552 7,687 17,236 9,675 -7,561 54 55 U.S. affiliates' claims .......................................................................... 16,396 9,445 -6,951 -2,669 2,304 -17,190 13,755 301 -13,454 55 56 Equals: Financial transactions for inward direct investment (foreign direct investment in the United States), directional basis /2/ .......................................................... 176,216 353,283 177,067 43,970 30,021 100,838 143,015 76,897 -66,118 56 57 Equity ........................................................................................... 112,000 301,108 189,108 40,520 40,884 89,637 121,806 75,937 -45,869 57 58 Equity other than reinvestment of earnings (line 59 less line 60) .............................. 14,580 218,355 203,775 17,436 26,116 70,352 101,927 53,720 -48,207 58 59 Increases .................................................................................... 194,936 252,664 57,728 30,333 33,845 72,387 107,207 56,685 -50,522 59 60 Decreases .................................................................................... 180,356 34,310 -146,046 12,898 7,729 2,035 5,280 2,964 -2,316 60 61 Reinvestment of earnings ....................................................................... 97,420 82,753 -14,667 23,085 14,768 19,285 19,879 22,217 2,338 61 62 Reinvestment of earnings without current-cost adjustment ..................................... 92,805 77,872 -14,933 21,856 13,534 18,061 18,656 20,994 2,338 62 63 Current-cost adjustment ...................................................................... 4,615 4,881 266 1,229 1,234 1,224 1,223 1,223 0 63 64 Debt instruments (line 65 less line 66) .......................................................... 64,216 52,175 -12,041 3,450 -10,863 11,201 21,210 960 -20,250 64 65 U.S. affiliates' liabilities ................................................................... 80,613 61,620 -18,993 781 -8,559 -5,989 34,965 1,261 -33,704 65 66 U.S. affiliates' claims ........................................................................ 16,396 9,445 -6,951 -2,669 2,304 -17,190 13,755 301 -13,454 66 67 Financial transactions without current-cost adjustment for inward direct investment, directional basis (line 56 less line 63) /2/ ....................................................... 171,601 348,402 176,801 42,741 28,787 99,614 141,792 75,674 -66,118 67 68 Manufacturing .................................................................................. 148,896 243,133 94,237 23,560 -1,648 36,833 67,657 46,585 -21,072 68 69 Wholesale trade ................................................................................ 25,863 20,229 -5,634 5,202 9,688 -4,616 2,889 6,279 3,390 69 70 Finance (including depository institutions) and insurance ...................................... 20,963 30,739 9,776 2,962 12,981 55,584 10,259 5,638 -4,621 70 71 Other .......................................................................................... -24,121 54,301 78,422 11,018 7,766 11,813 60,987 17,172 -43,815 71 72 Equity other than reinvestment of earnings ....................................................... 14,580 218,355 203,775 17,436 26,116 70,352 101,927 53,720 -48,207 72 73 Manufacturing .................................................................................. 67,642 157,250 89,608 9,094 7,981 24,094 42,274 31,134 -11,140 73 74 Wholesale trade ................................................................................ 17,239 20,273 3,034 (D) (D) 1,118 1,507 2,073 566 74 75 Finance (including depository institutions) and insurance ...................................... 682 17,323 16,641 -2,635 13,528 36,094 4,639 5,917 1,278 75 76 Other .......................................................................................... -70,984 23,509 94,493 (D) (D) 9,046 53,508 14,596 -38,912 76 77 Reinvestment of earnings without current-cost adjustment ......................................... 92,805 77,872 -14,933 21,856 13,534 18,061 18,656 20,994 2,338 77 78 Manufacturing .................................................................................. 42,642 32,445 -10,197 11,848 2,142 7,924 7,874 11,908 4,034 78 79 Wholesale trade ................................................................................ 8,780 11,558 2,778 (D) (D) 2,397 2,469 2,988 519 79 80 Finance (including depository institutions) and insurance ...................................... 16,285 15,815 -470 3,552 4,025 4,135 5,259 2,596 -2,663 80 81 Other .......................................................................................... 25,099 18,053 -7,046 (D) (D) 3,604 3,054 3,503 449 81 82 Debt instruments ................................................................................. 64,216 52,175 -12,041 3,450 -10,863 11,201 21,210 960 -20,250 82 83 Manufacturing .................................................................................. 38,612 53,438 14,826 2,618 -11,771 4,816 17,510 3,543 -13,967 83 84 Wholesale trade ................................................................................ -156 -11,603 -11,447 -2,233 3,060 -8,132 -1,087 1,218 2,305 84 85 Finance (including depository institutions) and insurance ...................................... 3,996 -2,398 -6,394 2,045 -4,572 15,355 362 -2,875 -3,237 85 86 Other .......................................................................................... 21,764 12,738 -9,026 1,020 2,420 -838 4,426 -926 -5,352 86 p Preliminary r Revised (D) Suppressed to avoid disclosure of individual companies. 1. Financial transactions on an asset/liability basis are organized according to whether the transactions relate to an asset or a liability. Net U.S. acquisition of direct investment assets relates to U.S. parent and U.S. affiliate acquisition of claims (assets). Net U.S. incurrence of direct investment liabilities relates to U.S. affiliate and U.S. parent incurrence of liabilities. 2. Financial transactions on a directional basis are organized according to whether the transactions relate to outward investment (U.S. direct investment abroad) or inward investment (foreign direct investment in the United States). Transactions for outward investment relate to transactions for U.S. parent claims and liabilities. Transactions for inward investment relate to transactions for U.S. affiliate liabilities and claims. Notes: Details may not add to totals because of rounding. Source: U.S. Bureau of Economic Analysis December 15, 2016 Table 7. U.S. International Financial Transactions for Portfolio Investment [Millions of dollars] Line 2014 2015 Change: Not seasonally adjusted Change: 2014 to 2015 2015 2016 2016 2016 2016:II to 2015 III IV I II r III p 2016:III Assets and liabilities by instrument 1 Net U.S. acquisition of portfolio investment assets (table 1, line 65) ............................. 582,688 153,968 -428,720 -97,468 -122,306 -57,326 146,397 -35,111 -181,508 1 By type of foreign security: 2 Equity and investment fund shares .............................................................. 431,625 202,574 -229,051 -54,115 -54,186 -60,527 155,767 -25,398 -181,165 2 3 Equity other than investment fund shares ..................................................... 380,975 179,616 -201,359 -47,118 -47,396 -52,997 136,078 -22,330 -158,408 3 4 Investment fund shares ....................................................................... 50,651 22,957 -27,694 -6,997 -6,789 -7,530 19,689 -3,068 -22,757 4 5 Debt securities ................................................................................ 151,063 -48,606 -199,669 -43,354 -68,121 3,200 -9,369 -9,712 -343 5 6 Short term ................................................................................... 11,389 42,484 31,095 12,690 -20,563 45,866 -24,286 -46,017 -21,731 6 7 Negotiable certificates of deposit ......................................................... -10,989 -4,947 6,042 -3,626 -6,447 22,386 -10,081 -9,622 459 7 8 Commercial paper ........................................................................... 8,928 54,638 45,710 19,152 -19,772 20,223 -10,519 -56,638 -46,119 8 9 Other short-term securities ................................................................ 13,450 -7,207 -20,657 -2,836 5,656 3,258 -3,686 20,244 23,930 9 10 Long term .................................................................................... 139,674 -91,090 -230,764 -56,044 -47,558 -42,666 14,916 36,305 21,389 10 11 Government securities ...................................................................... 40,969 -24,958 -65,927 -15,440 -13,045 -12,164 4,254 10,085 5,831 11 12 Corporate bonds and notes .................................................................. 99,505 -65,664 -165,169 -40,261 -33,903 -32,618 11,616 27,129 15,513 12 13 Negotiable certificates of deposit ......................................................... -800 -468 332 -343 -610 2,117 -953 -910 43 13 14 Net U.S. incurrence of portfolio investment liabilities (table 1, line 88) ......................... 701,861 250,936 -450,925 -126,250 18,109 -21,197 11,934 229,129 217,195 14 By type of U.S. security acquired by foreign residents: 15 Equity and investment fund shares .............................................................. 154,311 -178,266 -332,577 -33,301 -153,464 -95,660 -48,482 129,964 178,446 15 16 Equity other than investment fund shares ..................................................... 122,107 -140,829 -262,936 -26,224 -121,482 -75,370 -37,870 100,852 138,722 16 17 Investment fund shares ....................................................................... 32,204 -37,438 -69,642 -7,076 -31,982 -20,289 -10,613 29,112 39,725 17 18 Debt securities ................................................................................ 547,550 429,202 -118,348 -92,949 171,573 74,462 60,416 99,165 38,749 18 19 Short term ................................................................................... 22,329 45,783 23,454 -51,361 65,957 -10,464 -27,272 30,025 57,297 19 20 Treasury bills and certificates ............................................................ -13,891 53,069 66,960 -34,134 57,561 217 -40,925 11,607 52,532 20 21 Federally sponsored agency securities ...................................................... 15,055 -271 -15,326 -7,170 -1,119 -7,243 -1,132 -6,931 -5,799 21 22 Negotiable certificates of deposit ......................................................... 13,482 -4,526 -18,008 1,667 6,006 -255 7,433 6,579 -854 22 23 Commercial paper and other securities ...................................................... 7,683 -2,489 -10,172 -11,723 3,509 -3,183 7,352 18,770 11,418 23 24 Long term .................................................................................... 525,221 383,419 -141,802 -41,588 105,616 84,927 87,688 69,140 -18,548 24 25 Treasury bonds and notes ................................................................... 332,434 -4,760 -337,194 -78,274 61,067 18,819 -28,419 -92,111 -63,692 25 26 State and local government securities ...................................................... 4,328 6,911 2,583 580 1,101 714 1,660 2,297 637 26 27 Federally sponsored agency securities ...................................................... -23,167 22,342 45,509 5,056 -17,327 26,278 26,071 39,238 13,167 27 28 Corporate bonds and notes .................................................................. 209,584 359,686 150,102 30,763 59,740 39,160 87,096 118,583 31,487 28 29 Negotiable certificates of deposit ......................................................... 2,044 -760 -2,804 287 1,034 -44 1,280 1,133 -147 29 Assets by sector of U.S. holder 30 Net U.S. acquisition of portfolio investment assets (line 1) ....................................... 582,688 153,968 -428,720 -97,468 -122,306 -57,326 146,397 -35,111 -181,508 30 31 Deposit-taking institutions except central bank .................................................. 3,690 -6,955 -10,645 -6,055 -4,746 -4,541 3,843 2,352 -1,491 31 32 Equity and investment fund shares .............................................................. 7,399 3,091 -4,308 -795 -807 -938 2,399 -396 -2,795 32 33 Debt securities ................................................................................ -3,709 -10,046 -6,337 -5,260 -3,939 -3,603 1,445 2,748 1,303 33 34 Short term ................................................................................... -13,719 -1,971 11,748 -355 661 -1,658 943 346 -597 34 35 Long term .................................................................................... 10,011 -8,075 -18,086 -4,905 -4,600 -1,945 502 2,402 1,900 35 36 Other financial institutions ..................................................................... 505,657 147,892 -357,765 -77,815 -105,241 -39,298 120,718 -38,181 -158,899 36 37 Equity and investment fund shares .............................................................. 370,192 175,051 -195,141 -46,728 -46,795 -51,805 133,819 -21,822 -155,641 37 38 Debt securities ................................................................................ 135,465 -27,158 -162,623 -31,087 -58,447 12,507 -13,101 -16,359 -3,258 38 39 Short term ................................................................................... 25,090 44,695 19,605 13,117 -21,236 47,567 -25,667 -46,160 -20,493 39 40 Long term .................................................................................... 110,375 -71,854 -182,229 -44,204 -37,211 -35,060 12,566 29,802 17,236 40 41 Nonfinancial institutions except general government .............................................. 73,340 13,031 -60,309 -13,598 -12,318 -13,487 21,836 718 -21,118 41 42 Equity and investment fund shares .............................................................. 54,034 24,433 -29,601 -6,591 -6,584 -7,784 19,549 -3,180 -22,729 42 43 Debt securities ................................................................................ 19,307 -11,401 -30,708 -7,007 -5,735 -5,704 2,287 3,898 1,611 43 44 Short term ................................................................................... 18 -240 -258 -72 12 -43 439 -203 -642 44 45 Long term .................................................................................... 19,289 -11,161 -30,450 -6,935 -5,746 -5,661 1,849 4,101 2,252 45 Liabilities by sector of U.S. issuer 46 Net U.S. incurrence of portfolio investment liabilities (line 14) .................................. 701,861 250,936 -450,925 -126,250 18,109 -21,197 11,934 229,129 217,195 46 47 Deposit-taking institutions except central bank .................................................. 50,257 23,359 -26,898 2,237 7,016 -421 12,009 27,217 15,208 47 48 Equity and investment fund shares .............................................................. 8,362 -8,616 -16,978 -1,602 -7,351 -4,238 -2,114 5,316 7,430 48 49 Debt securities ................................................................................ 41,895 31,974 -9,921 3,839 14,367 3,816 14,123 21,902 7,779 49 50 Short term ................................................................................... 18,942 -3,243 -22,185 568 7,502 19 4,255 9,610 5,355 50 51 Long term .................................................................................... 22,953 35,217 12,264 3,271 6,865 3,798 9,868 12,292 2,424 51 52 Other financial institutions ..................................................................... 107,113 107,479 366 -5,185 -36,429 6,307 51,648 119,928 68,280 52 53 Equity and investment fund shares .............................................................. 37,700 -49,659 -87,359 -9,268 -42,218 -26,469 -13,725 38,132 51,857 53 54 Debt securities ................................................................................ 69,413 157,138 87,725 4,083 5,789 32,776 65,373 81,796 16,423 54 55 Federally sponsored agency securities ........................................................ -8,113 22,070 30,183 -2,114 -18,445 19,035 24,939 32,307 7,368 55 56 Short term ................................................................................. 15,055 -271 -15,326 -7,170 -1,119 -7,243 -1,132 -6,931 -5,799 56 57 Long term .................................................................................. -23,167 22,342 45,509 5,056 -17,327 26,278 26,071 39,238 13,167 57 58 Other securities ............................................................................. 77,526 135,068 57,542 6,197 24,234 13,741 40,434 49,489 9,055 58 59 Short term ................................................................................. -2,648 -2,982 -334 -5,795 1,402 -791 8,940 7,131 -1,809 59 60 Long term .................................................................................. 80,174 138,049 57,875 11,991 22,833 14,532 31,494 42,358 10,864 60 61 Nonfinancial institutions except general government .............................................. 221,620 64,878 -156,742 -11,473 -72,207 -46,832 15,962 160,192 144,230 61 62 Equity and investment fund shares .............................................................. 108,249 -119,992 -228,241 -22,431 -103,895 -64,953 -32,643 86,517 119,160 62 63 Debt securities ................................................................................ 113,372 184,870 71,498 10,958 31,687 18,121 48,605 73,674 25,069 63 64 Short term ................................................................................... 4,872 -790 -5,662 -4,829 611 -2,666 1,590 8,608 7,018 64 65 Long term .................................................................................... 108,500 185,660 77,160 15,787 31,077 20,786 47,014 65,067 18,053 65 66 General government ............................................................................... 322,870 55,220 -267,650 -111,828 119,729 19,750 -67,684 -78,207 -10,523 66 67 Debt securities ................................................................................ 322,870 55,220 -267,650 -111,828 119,729 19,750 -67,684 -78,207 -10,523 67 68 U.S. Treasury securities ..................................................................... 318,543 48,309 -270,234 -112,408 118,628 19,036 -69,344 -80,504 -11,160 68 69 Short term ................................................................................. -13,891 53,069 66,960 -34,134 57,561 217 -40,925 11,607 52,532 69 70 Long term .................................................................................. 332,434 -4,760 -337,194 -78,274 61,067 18,819 -28,419 -92,111 -63,692 70 71 State and local government long-term securities .............................................. 4,328 6,911 2,583 580 1,101 714 1,660 2,297 637 71 p Preliminary r Revised Notes: Details may not add to totals because of rounding. Source: U.S. Bureau of Economic Analysis December 15, 2016 Table 8. U.S. International Financial Transactions for Other Investment /1/ [Millions of dollars] Line 2014 2015 Change: Not seasonally adjusted Change: 2014 to 2015 2015 2016 2016 2016 2016:II to 2015 III IV I II r III p 2016:III Assets and liabilities by instrument 1 Net U.S. acquisition of other investment assets (table 1, line 70) ................................. -99,203 -270,924 -171,721 -37,412 -125,134 50,968 70,566 -22,593 -93,159 1 By type of claim on foreign residents: 2 Currency and deposits .......................................................................... -160,433 -194,429 -33,996 -66,480 -50,368 72,116 -25,267 -87,598 -62,331 2 3 Currency (short term) ........................................................................ n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 3 4 Deposits ..................................................................................... -160,433 -194,429 -33,996 -66,480 -50,368 72,116 -25,267 -87,598 -62,331 4 5 Short term ................................................................................. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 5 6 Long term .................................................................................. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 6 7 Loans .......................................................................................... 67,055 -74,774 -141,829 28,173 -73,938 -24,242 98,186 63,710 -34,476 7 8 Short term ................................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 8 9 Long term .................................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 9 10 Insurance technical reserves ................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 10 11 Trade credit and advances ...................................................................... -5,824 -1,721 4,103 895 -828 3,094 -2,353 1,295 3,648 11 12 Short term ................................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 12 13 Long term .................................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 13 14 Net U.S. incurrence of other investment liabilities (table 1, line 93) ............................. 147,145 -235,137 -382,282 35,775 -163,204 48,069 181,383 -64,544 -245,927 14 By type of liability to foreign residents: 15 Currency and deposits .......................................................................... 59,579 33,406 -26,173 10,946 23,621 -40,969 96,940 -37,106 -134,046 15 16 Currency (short term) ........................................................................ 66,265 38,370 -27,895 13,364 14,122 12,578 7,184 7,942 758 16 17 Deposits ..................................................................................... -6,686 -4,964 1,722 -2,418 9,499 -53,547 89,756 -45,048 -134,804 17 18 Short term ................................................................................. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 18 19 Long term .................................................................................. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 19 20 Loans .......................................................................................... 73,581 -282,713 -356,294 19,479 -186,267 84,376 79,639 -24,253 -103,892 20 21 Short term ................................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 21 22 Long term .................................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 22 23 Insurance technical reserves ................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 23 24 Trade credit and advances ...................................................................... 13,985 14,169 184 5,351 -559 4,662 4,805 -3,185 -7,990 24 25 Short term ................................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 25 26 Long term .................................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 26 27 Special drawing rights allocations ............................................................. 0 0 0 0 0 0 0 0 0 27 Assets by sector of U.S. holder 28 Net U.S. acquisition of other investment assets (line 1) ........................................... -99,203 -270,924 -171,721 -37,412 -125,134 50,968 70,566 -22,593 -93,159 28 29 Central bank ..................................................................................... 1,256 -531 -1,787 46 316 -851 2,848 4,009 1,161 29 30 Currency and deposits .......................................................................... 1,256 -531 -1,787 46 316 -851 2,848 4,009 1,161 30 31 Deposits ..................................................................................... 1,256 -531 -1,787 46 316 -851 2,848 4,009 1,161 31 32 Short term ................................................................................. 1,256 -531 -1,787 46 316 -851 2,848 4,009 1,161 32 33 Deposit-taking institutions except central bank .................................................. -9,271 -7,568 1,703 -19,042 46,359 -20,265 26,809 -9,315 -36,124 33 34 Of which: Interbank transactions ............................................................. -41,540 -44,721 -3,181 -32,894 49,806 -49,676 26,397 -79,276 -105,673 34 35 Currency and deposits .......................................................................... -55,552 41,586 97,138 -4,035 23,927 59,190 6,391 -88,191 -94,582 35 36 Deposits ..................................................................................... -55,552 41,586 97,138 -4,035 23,927 59,190 6,391 -88,191 -94,582 36 37 Of which: Resale agreements .............................................................. 8,258 23,598 15,340 19,332 -894 41,897 30,557 -5,376 -35,933 37 38 Short term ................................................................................. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 38 39 Long term .................................................................................. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 39 40 Loans .......................................................................................... 46,281 -49,154 -95,435 -15,007 22,432 -79,454 20,418 78,876 58,458 40 41 Short term ................................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 41 42 Long term .................................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 42 43 Other financial institutions and nonfinancial institutions except general government ............. -96,645 -268,081 -171,436 -19,307 -173,896 70,274 41,277 -17,883 -59,160 43 44 Currency and deposits .......................................................................... -106,137 -235,484 -129,347 -62,491 -74,611 13,777 -34,506 -3,415 31,091 44 45 Deposits ..................................................................................... -106,137 -235,484 -129,347 -62,491 -74,611 13,777 -34,506 -3,415 31,091 45 46 Short term ................................................................................. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 46 47 Long term .................................................................................. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 47 48 Loans .......................................................................................... 15,316 -30,876 -46,192 42,289 -98,457 53,402 78,135 -15,763 -93,898 48 49 Of which: Resale agreements ................................................................ 7,727 51,283 43,556 73,405 -66,616 26,187 65,190 -12,564 -77,754 49 50 Short term ................................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 50 51 Long term .................................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 51 52 Insurance technical reserves ................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 52 53 Trade credit and advances ...................................................................... -5,824 -1,721 4,103 895 -828 3,094 -2,353 1,295 3,648 53 54 Short term ................................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 54 55 Long term .................................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 55 56 General government ............................................................................... 5,458 5,256 -202 891 2,087 1,810 -367 596 963 56 57 Loans .......................................................................................... 5,458 5,256 -202 891 2,087 1,810 -367 596 963 57 58 Long term .................................................................................... 5,458 5,256 -202 891 2,087 1,810 -367 596 963 58 Liabilities by sector of U.S. issuer 59 Net U.S. incurrence of other investment liabilities (line 14) ...................................... 147,145 -235,137 -382,282 35,775 -163,204 48,069 181,383 -64,544 -245,927 59 60 Central bank ..................................................................................... 58,500 163,025 104,525 40,234 59,469 21,566 28,731 1,149 -27,582 60 61 Currency and deposits .......................................................................... 58,500 163,025 104,525 40,234 59,469 21,566 28,731 1,149 -27,582 61 62 Currency (short term) ........................................................................ 66,265 38,370 -27,895 13,364 14,122 12,578 7,184 7,942 758 62 63 Deposits ..................................................................................... -7,765 124,655 132,420 26,870 45,347 8,988 21,547 -6,793 -28,340 63 64 Short term ................................................................................. -7,765 124,655 132,420 26,870 45,347 8,988 21,547 -6,793 -28,340 64 65 Deposit-taking institutions except central bank .................................................. -78,457 -180,581 -102,124 -30,239 -72,762 -40,339 84,167 -79,853 -164,020 65 66 Of which: Interbank transactions ............................................................. -131,499 -131,582 -83 -3,496 -46,206 -70,104 60,175 -86,130 -146,305 66 67 Currency and deposits .......................................................................... -65,036 -114,792 -49,756 -40,292 -15,581 -75,005 67,137 -68,716 -135,853 67 68 Deposits ..................................................................................... -65,036 -114,792 -49,756 -40,292 -15,581 -75,005 67,137 -68,716 -135,853 68 69 Of which: Repurchase agreements .......................................................... 40,785 -13,280 -54,065 -14,354 2,332 11,650 11,900 -10,044 -21,944 69 70 Short term ................................................................................. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 70 71 Long term .................................................................................. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 71 72 Loans .......................................................................................... -13,421 -65,789 -52,368 10,053 -57,182 34,666 17,031 -11,137 -28,168 72 73 Short term ................................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 73 74 Long term .................................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 74 75 Other financial institutions and nonfinancial institutions except general government ............. 158,133 -232,960 -391,093 19,746 -151,798 62,281 66,675 13,006 -53,669 75 76 Currency and deposits /2/ ...................................................................... 66,115 -14,827 -80,942 11,004 -20,266 12,470 1,072 30,461 29,389 76 77 Deposits ..................................................................................... 66,115 -14,827 -80,942 11,004 -20,266 12,470 1,072 30,461 29,389 77 78 Short term ................................................................................. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 78 79 Long term .................................................................................. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 79 80 Loans .......................................................................................... 87,002 -216,924 -303,926 9,426 -129,085 49,711 62,608 -13,116 -75,724 80 81 Of which: Repurchase agreements ............................................................ 64,766 -130,111 -194,877 34,013 -84,598 26,263 29,223 10,143 -19,080 81 82 Short term ................................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 82 83 Long term .................................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 83 84 Insurance technical reserves ................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 84 85 Trade credit and advances ...................................................................... 5,016 -1,209 -6,225 -684 -2,446 100 2,995 -4,339 -7,334 85 86 Short term ................................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 86 87 Long term .................................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 87 88 General government ............................................................................... 8,969 15,379 6,410 6,034 1,887 4,562 1,810 1,154 -656 88 89 Trade credit and advances ...................................................................... 8,969 15,379 6,410 6,034 1,887 4,562 1,810 1,154 -656 89 90 Long term .................................................................................... 8,969 15,379 6,410 6,034 1,887 4,562 1,810 1,154 -656 90 91 Special drawing rights allocations ............................................................. 0 0 0 0 0 0 0 0 0 91 p Preliminary r Revised n.a. Not available 1. Other investment includes financial-account transactions other than transactions for direct investment, portfolio investment, financial derivatives other than reserves, and reserve assets. 2. Consists of near-deposit instruments issued by other financial institutions. Notes: Details may not add to totals because of rounding. Source: U.S. Bureau of Economic Analysis