EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, THURSDAY, JUNE 16, 2016 Technical: Thomas Anderson (301) 278-9117 BEA 16-29 Media: Jeannine Aversa (301) 278-9003 E-mail inquiries: internationalaccounts@bea.gov U.S. INTERNATIONAL TRANSACTIONS: FIRST QUARTER 2016 AND ANNUAL REVISIONS Current Account Balance The U.S. current-account deficit—a net measure of transactions between the United States and the rest of the world in goods, services, primary income, and secondary income—increased to $124.7 billion (preliminary) in the first quarter of 2016 from $113.4 billion (revised) in the fourth quarter of 2015, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit increased to 2.7 percent of current-dollar gross domestic product (GDP) from 2.5 percent in the fourth quarter. The $11.3 billion increase reflected a $9.6 billion decrease in the surplus on primary income to $37.5 billion and a $4.0 billion increase in the deficit on secondary income to $40.3 billion. These changes were partly offset by a $2.0 billion decrease in the deficit on goods to $186.4 billion and a $0.4 billion increase in the surplus on services to $64.6 billion. ______________________________________________________________________________________________ Notice About Tables Included in the News Release of the International Transactions Accounts BEA is increasing the number of tables published in the news release of the International Transactions Accounts. This news release includes tables with additional details for the current account and financial account: Table 1. U.S. International Transactions page 8 Table 2. U.S. International Trade in Goods 10 Table 3. U.S. International Trade in Services 14 Table 4. U.S. International Transactions in Primary Income 16 Table 5. U.S. International Transactions in Secondary Income 17 Table 6. U.S. International Financial Transactions for Direct Investment 18 Table 7. U.S. International Financial Transactions for Portfolio Investment 20 Table 8. U.S. International Financial Transactions for Other Investment 22 Table 9. Revisions to U.S. International Transactions 24 The statistics in tables 1-8 are available in BEA’s Interactive Web Application (www.bea.gov/itable/index.cfm). ______________________________________________________________________________________________ Current Account Transactions (tables 1-5) The current account records transactions in international trade in goods and services and receipts and payments of primary and secondary income. Primary income includes investment income— income receipts from foreigners on U.S. holdings of financial assets abroad and income payments to foreigners on U.S. liabilities—and compensation of employees—receipts for compensation of U.S. residents paid by nonresidents and payments for compensation of foreign residents paid by U.S. residents. 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. Exports of goods and services and income receipts Exports of goods and services and income receipts decreased $8.0 billion in the first quarter to $768.2 billion. An $11.2 billion decrease in good exports to $354.0 billion, which included decreases in industrial supplies and materials, primarily petroleum and products, and in capital goods except automotive, more than accounted for the overall decrease. Partly offsetting increases included: * A $2.2 billion increase in primary income receipts to $194.3 billion, primarily reflecting an increase in portfolio investment income that more than offset a decrease in direct investment income * A $1.1 billion increase in services exports to $188.1 billion that was more than accounted for by an increase in travel (for all purposes including education). Imports of goods and services and income payments Imports of goods and services and income payments increased $3.3 billion to $892.9 billion. Contributing to the increase were: * An $11.8 billion increase in primary income payments to $156.8 billion, which included increases in direct investment income, portfolio investment income, and other investment income * A $3.9 billion increase in secondary income payments to $72.1 billion, which mostly reflected an increase in U.S. government transfers * A $0.7 billion increase in services imports to $123.5 billion, which primarily reflected an increase in travel (for all purposes including education). A $13.2 billion decrease in goods imports to $540.5 billion, which primarily reflected decreases in industrial supplies and materials, primarily petroleum and products, and in capital goods except automotive, was partly offsetting. Financial Account (tables 1, 6, 7, and 8) The financial account records transactions between U.S. residents and nonresidents for direct investment (equity and debt instruments), portfolio investment (equity and investment fund shares and debt securities), other investment (currency and deposits, loans, insurance technical reserves, and trade credit and advances), reserves (assets only), and financial derivatives other than reserves. Net U.S. borrowing measured by financial account transactions was $35.0 billion in the first quarter, a $13.3 billion increase from net borrowing of $21.8 billion in the fourth quarter. A shift from net U.S. repayment to net U.S. incurrence of liabilities excluding financial derivatives more than offset a shift to net U.S. acquisition of assets excluding financial derivatives. Net transactions in financial derivatives other than reserves reflected more net lending in the first quarter than in the fourth quarter. Financial assets Transactions in financial assets excluding financial derivatives shifted $219.3 billion to net U.S. acquisition of $66.8 billion. Contributions to the shift included: * A $161.9 billion shift in transactions in other investment assets to net acquisition of $36.7 billion, which reflected a shift to net acquisition of deposits in currency and deposits and decrease in net foreign repayment of loans * A $60.7 billion decrease in net U.S. sales of portfolio investment assets to $61.6 billion, which mainly reflected a shift to net purchases of short-term debt securities. A $3.1 billion decrease in net acquisition of direct investment assets, reflecting a decrease in net acquisition of debt instruments that exceeded an increase in equity investment, moderated the overall shift to net acquisition of assets. Liabilities Transactions in liabilities excluding financial derivatives shifted $233.8 billion to net U.S. incurrence of $115.5 billion. Contributions to the shift included: * A $213.6 billion shift in transactions in other investment liabilities to net U.S. incurrence of $50.4 billion, which primarily reflected a shift to net incurrence of liabilities in loans * A $53.1 billion increase in transactions in direct investment liabilities to net incurrence of $79.9 billion, which reflected a shift to net U.S. incurrence of liabilities in debt instruments and an increase in equity investment by foreigners. Transactions in portfolio investment liabilities shifted $32.9 billion to net foreign sales of $14.8 billion, partly offsetting the changes in direct investment and other investment. Net foreign purchases of debt securities decreased more than net foreign sales of equity and investment fund shares. Financial derivatives Transactions in financial derivatives other than reserves reflected first-quarter net lending of $13.6 billion, a $1.3 billion increase from the fourth quarter. 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). Statistical Discrepancy (table 1) 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 decreased $2.0 billion in the first quarter to $89.6 billion. * * * Revisions The statistics of the U.S. international transactions accounts released today have been revised for the first quarter of 2012 to the fourth quarter of 2015 to incorporate newly available and revised source data, improved estimation methodologies, and updated seasonal adjustments. Key changes introduced in this annual revision are summarized below and in table A. Newly available and revised source data * Goods exports and imports are revised for 2013-2015 primarily to reflect revised Census Bureau data on goods exports and imports and BEA data on balance of payments adjustments. * Services exports and imports are revised for 2013-2015 primarily to reflect newly available and revised data from BEA’s quarterly international services surveys and the results of BEA’s 2014 Benchmark Survey of Financial Services Transactions between U.S. Financial Services Providers and Foreign Persons. For travel and transport, exports are revised to reflect newly available and revised data from U.S. Customs and Border Protection on the number of foreign residents traveling in the United States. * Secondary income receipts and payments are revised for 2012-2015 primarily to incorporate newly available and revised source data from the Internal Revenue Service, BEA’s international insurance surveys, and other sources. * Financial asset and liability transactions as well as primary income receipts and payments related to inward direct investment are revised for 2012-2015 to incorporate the results of BEA’s 2012 Benchmark Survey of Foreign Direct Investment in the United States and newly available and revised data from BEA’s quarterly and annual direct investment surveys. Financial asset and liability transactions and primary income receipts and payments related to outward direct investment are also revised for 2013-2015 to incorporate newly available and revised data from BEA’s quarterly and annual direct investment surveys. * Financial asset and liability transactions as well as primary income receipts and payments related to portfolio investment are revised for 2012-2015 to incorporate newly available and revised data from the U.S. Department of the Treasury from these Treasury International Capital (TIC) surveys: o Aggregate Holdings of Long-Term Securities by U.S. and Foreign Residents (www.treasury.gov/resource-center/data-chart-center/tic/Pages/forms-slt.aspx) o Foreign-residents’ Holdings of U.S. Securities, including Selected Money Market Instruments (www.treasury.gov/resource-center/data-chart-center/tic/Pages/forms-sh.aspx) o Report of U.S. Ownership of Foreign Securities, including Selected Money Market Instruments. (www.treasury.gov/resource-center/data-chart-center/tic/Pages/forms-sh.aspx#shc) * Financial asset and liability transactions and primary income receipts and payments related to other investment are revised for 2012-2015 to incorporate revisions from several sources. o Revisions for 2014-2015 incorporate newly available and revised data from these TIC surveys: * Reports by Financial Institutions of Liabilities to, and Claims on, Foreign Residents by U.S. Residents (www.treasury.gov/resource-center/data-chart-center/tic/Pages/forms-b.aspx) covering debt liabilities and claims, excluding long-term debt securities * Reports of Liabilities to, and Claims on, Unaffiliated Foreign Residents by U.S. Resident Non-Financial Institutions (www.treasury.gov/resource-center/data-chart-center/tic/Pages/forms-c.aspx) covering debt liabilities and claims, excluding long-term debt securities. o Revisions for 2012-2015 also incorporate newly available and revised data on transactions of U.S. financial intermediaries with foreign financial intermediaries from BEA’s benchmark, quarterly, and annual direct investment surveys that are recorded in other investment. o Revisions for 2013-2015 incorporate newly available and revised U.S. government administrative data. * Financial transactions in financial derivatives are revised for 2013-2015 to incorporate newly available and revised data from the TIC survey Report of Holdings of, and Transactions in, Financial Derivatives Contracts with Foreign Residents (www.treasury.gov/resource-center/data-chart-center/tic/Pages/forms-d.aspx). Improved estimation methodologies * Revised statistics on trade in travel services reflect a refinement to the methodology for estimating average expenditures by travelers. * Revised statistics in portfolio and other investment financial asset and liability transactions reflect a refinement to the methodology for estimating transactions in foreign-currency denominated deposits, loans, short-term securities, and negotiable certificates of deposit. A more detailed discussion of the revisions to source data for travel and transport services exports, the refinement of the methodology for estimating average expenditures by travelers, and the incorporation of results from benchmark surveys on financial services transactions and foreign direct investment in the United States appears in “Preview of the 2016 Annual Revision of the International Economic Accounts,” in the May issue of the SURVEY OF CURRENT BUSINESS. Additional information on the revisions to the U.S. International Transactions Accounts and the U.S. International Investment Position Accounts, including a discussion of the refinement of the methodology for estimating transactions in foreign-currency denominated assets and liabilities, will be provided in the July issue of the SURVEY OF CURRENT BUSINESS. Revisions to fourth quarter 2015 Revisions to Fourth-Quarter 2015 International Transactions Accounts Aggregates [Billions of dollars, seasonally adjusted] Estimate Preliminary Revised Current-account balance -125.3 -113.4 Goods balance -187.3 -188.4 Services balance 53.5 64.2 Primary-income balance 42.8 47.1 Secondary-income balance -34.3 -36.3 Net lending from financial-account transactions -29.4 -21.8 Statistical discrepancy 95.9 91.6 The first-quarter statistics in this release are preliminary and will be revised on September 15, 2016. * * * Next release: U.S. International Transactions, Second Quarter 2016 September 15, 2016 at 8:30 A.M. EDT * * * Resources Additional resources available at www.bea.gov * More information on these International Transactions statistics will be provided next month in the Survey of Current Business (www.bea.gov/scb/index.htm) * U.S. International Economic Accounts: Concepts and Methods (www.bea.gov/international/concepts_methods.htm) * BEA’s Interactive Data Application (www.bea.gov/itable/index.cfm) * BEA’s email subscription service (www.bea.gov/_subscribe/index_vocus.htm) * Twitter @BEA_News (or twitter.com/BEA_News) * BEA’s Data Application Programming Interface (API): (www.bea.gov/API/signup/index.cfm) BEA’s news release schedule: www.bea.gov/newsreleases/2016rd.htm June 16, 2016 Table 1. U.S. International Transactions [Millions of dollars] Line 2014 r 2015 r Change: Seasonally adjusted Change: 2014 to 2015 2016 2015:IV to 2015 I r II r III r IV r I p 2016:I   Current account                 1Exports of goods and services and income receipts (credits) ........................................ 3,338,757 3,172,693 -166,064 799,184 805,411 791,880 776,218 768,218 -8,000 1 2 Exports of goods and services .................................................................... 2,376,577 2,261,163 -115,414 572,268 572,383 564,276 552,236 542,104 -10,132 2 3 Goods .......................................................................................... 1,633,320 1,510,303 -123,017 383,936 383,935 377,157 365,275 354,041 -11,234 3 4 General merchandise .......................................................................... 1,610,368 1,488,639 -121,729 378,373 379,072 371,021 360,173 349,734 -10,439 4 5 Foods, feeds, and beverages ................................................................ 143,722 127,727 -15,995 32,817 32,741 32,121 30,049 28,858 -1,191 5 6 Industrial supplies and materials .......................................................... 500,360 417,062 -83,298 107,866 109,896 103,427 95,873 92,184 -3,689 6 7 Capital goods except automotive ............................................................ 551,720 539,700 -12,020 136,621 136,316 134,012 132,751 129,467 -3,284 7 8 Automotive vehicles, parts, and engines .................................................... 159,812 151,917 -7,895 37,634 38,000 38,620 37,664 37,547 -117 8 9 Consumer goods except food and automotive .................................................. 197,990 197,285 -705 50,479 48,627 49,010 49,168 48,324 -844 9 10 Other general merchandise .................................................................. 56,763 54,948 -1,815 12,956 13,492 13,831 14,668 13,354 -1,314 10 11 Net exports of goods under merchanting ....................................................... 299 259 -40 81 41 74 63 53 -10 11 12 Nonmonetary gold ............................................................................. 22,654 21,405 -1,249 5,482 4,822 6,062 5,038 4,254 -784 12 13 Services ....................................................................................... 743,257 750,860 7,603 188,332 188,448 187,118 186,962 188,063 1,101 13 14 Maintenance and repair services n.i.e. ....................................................... 22,132 24,036 1,904 5,572 5,818 6,018 6,627 6,396 -231 14 15 Transport .................................................................................... 90,701 87,221 -3,480 22,106 21,972 21,550 21,594 21,354 -240 15 16 Travel (for all purposes including education) 1 .............................................. 191,325 204,523 13,198 49,836 51,406 51,712 51,569 52,997 1,428 16 17 Insurance services ........................................................................... 17,312 17,142 -170 4,229 4,184 4,237 4,492 4,403 -89 17 18 Financial services ........................................................................... 107,712 102,461 -5,251 27,335 25,826 24,981 24,318 24,940 622 18 19 Charges for the use of intellectual property n.i.e. .......................................... 129,890 124,664 -5,226 31,147 31,525 31,252 30,739 30,381 -358 19 20 Telecommunications, computer, and information services ....................................... 35,044 35,895 851 8,775 8,889 9,062 9,168 9,274 106 20 21 Other business services ...................................................................... 128,817 134,648 5,831 34,342 33,715 32,936 33,654 33,687 33 21 22 Government goods and services n.i.e. ......................................................... 20,325 20,270 -55 4,990 5,112 5,369 4,800 4,631 -169 22 23 Primary income receipts .......................................................................... 821,807 782,915 -38,892 194,716 199,359 196,752 192,089 194,262 2,173 23 24 Investment income .............................................................................. 815,123 775,846 -39,277 192,977 197,596 194,969 190,304 192,463 2,159 24 25 Direct investment income ..................................................................... 478,381 432,498 -45,883 109,908 111,269 106,676 104,645 101,728 -2,917 25 26 Portfolio investment income .................................................................. 304,984 311,619 6,635 75,721 78,387 80,014 77,497 81,702 4,205 26 27 Other investment income ...................................................................... 31,457 31,515 58 7,308 7,880 8,227 8,101 9,004 903 27 28 Reserve asset income ......................................................................... 302 214 -88 40 59 53 61 28 -33 28 29 Compensation of employees ...................................................................... 6,684 7,069 385 1,738 1,764 1,782 1,785 1,799 14 29 30 Secondary income (current transfer) receipts 2 ................................................... 140,373 128,614 -11,759 32,200 33,669 30,852 31,893 31,852 -41 30 31Imports of goods and services and income payments (debits) ......................................... 3,730,817 3,635,658 -95,159 913,733 917,315 914,985 889,625 892,889 3,264 31 32 Imports of goods and services .................................................................... 2,866,754 2,761,525 -105,229 698,782 696,411 689,887 676,445 663,976 -12,469 32 33 Goods .......................................................................................... 2,385,489 2,272,868 -112,621 577,452 574,812 566,925 553,678 540,470 -13,208 33 34 General merchandise .......................................................................... 2,370,025 2,260,279 -109,746 574,463 571,436 563,627 550,752 537,083 -13,669 34 35 Foods, feeds, and beverages ................................................................ 126,804 128,783 1,979 32,474 32,657 32,074 31,578 32,824 1,246 35 36 Industrial supplies and materials .......................................................... 675,645 492,348 -183,297 134,498 126,686 121,422 109,742 101,993 -7,749 36 37 Capital goods except automotive ............................................................ 598,674 606,730 8,056 153,604 153,233 150,361 149,532 145,483 -4,049 37 38 Automotive vehicles, parts, and engines .................................................... 329,500 350,053 20,553 84,463 88,257 88,534 88,799 88,441 -358 38 39 Consumer goods except food and automotive .................................................. 558,695 596,541 37,846 148,425 149,259 149,751 149,107 147,260 -1,847 39 40 Other general merchandise .................................................................. 80,707 85,823 5,116 20,999 21,344 21,485 21,995 21,082 -913 40 41 Nonmonetary gold ............................................................................. 15,464 12,589 -2,875 2,989 3,376 3,298 2,926 3,387 461 41 42 Services ....................................................................................... 481,264 488,657 7,393 121,329 121,599 122,961 122,767 123,506 739 42 43 Maintenance and repair services n.i.e. ....................................................... 7,521 8,996 1,475 2,112 2,146 2,451 2,287 2,353 66 43 44 Transport .................................................................................... 94,160 97,050 2,890 24,565 24,183 24,322 23,979 24,231 252 44 45 Travel (for all purposes including education) 1 .............................................. 105,529 112,873 7,344 27,543 27,888 28,209 29,231 29,960 729 45 46 Insurance services ........................................................................... 51,824 47,772 -4,052 12,031 11,896 12,020 11,826 11,682 -144 46 47 Financial services ........................................................................... 24,906 25,162 256 6,183 6,449 6,405 6,125 6,148 23 47 48 Charges for the use of intellectual property n.i.e. .......................................... 42,208 39,495 -2,713 9,573 9,875 9,871 10,175 10,057 -118 48 49 Telecommunications, computer, and information services ....................................... 36,313 36,440 127 9,073 9,134 9,184 9,049 9,029 -20 49 50 Other business services ...................................................................... 94,568 99,354 4,786 24,767 24,576 25,092 24,920 25,025 105 50 51 Government goods and services n.i.e. ......................................................... 24,236 21,515 -2,721 5,482 5,450 5,408 5,175 5,021 -154 51 52 Primary income payments .......................................................................... 597,802 600,531 2,729 146,365 154,288 154,903 144,974 156,764 11,790 52 53 Investment income .............................................................................. 580,871 582,466 1,595 142,013 149,835 150,301 140,316 151,946 11,630 53 54 Direct investment income ..................................................................... 189,375 167,103 -22,272 39,798 45,754 45,387 36,165 43,126 6,961 54 55 Portfolio investment income .................................................................. 377,521 400,396 22,875 98,849 100,471 101,101 99,975 103,031 3,056 55 56 Other investment income ...................................................................... 13,974 14,967 993 3,366 3,611 3,813 4,177 5,790 1,613 56 57 Compensation of employees ...................................................................... 16,931 18,065 1,134 4,352 4,453 4,602 4,658 4,818 160 57 58 Secondary income (current transfer) payments 2 ................................................... 266,261 273,602 7,341 68,587 66,616 70,195 68,205 72,149 3,944 58 Capital account 59Capital transfer receipts and other credits ........................................................ 0 0 0 0 0 0 0 0 0 59 60Capital transfer payments and other debits ......................................................... 45 42 -3 22 20 1 0 n.a. n.a. 60   Financial account           61Net U.S. acquisition of financial assets excluding financial derivatives (net increase in assets / f 823,343 225,398 -597,945 357,562 104,122 -83,824 -152,461 66,803 219,264 61 62 Direct investment assets ......................................................................... 343,441 348,646 5,205 86,576 114,779 51,322 95,969 92,901 -3,068 62 63 Equity ......................................................................................... 340,942 316,346 -24,596 81,311 81,904 79,509 73,622 81,055 7,433 63 64 Debt instruments ............................................................................... 2,499 32,300 29,801 5,265 32,875 -28,186 22,347 11,845 -10,502 64 65 Portfolio investment assets ...................................................................... 582,688 153,968 -428,720 233,068 140,675 -97,468 -122,306 -61,622 60,684 65 66 Equity and investment fund shares .............................................................. 431,625 202,574 -229,051 197,183 113,691 -54,115 -54,186 -82,879 -28,693 66 67 Debt securities ................................................................................ 151,063 -48,606 -199,669 35,885 26,983 -43,354 -68,121 21,256 89,377 67 68 Short term ................................................................................... 11,389 42,484 31,095 27,562 22,795 12,690 -20,563 46,063 66,626 68 69 Long term .................................................................................... 139,674 -91,090 -230,764 8,323 4,188 -56,044 -47,558 -24,807 22,751 69 70 Other investment assets .......................................................................... -99,203 -270,924 -171,721 42,077 -150,455 -37,412 -125,134 36,716 161,850 70 71 Currency and deposits .......................................................................... -160,433 -194,429 -33,996 -7,436 -70,144 -66,480 -50,368 63,520 113,888 71 72 Loans .......................................................................................... 67,055 -74,774 -141,829 50,580 -79,588 28,173 -73,938 -29,898 44,040 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 -1,066 -723 895 -828 3,094 3,922 74 75 Reserve assets ................................................................................... -3,583 -6,292 -2,709 -4,159 -877 -266 -990 -1,191 -201 75 76 Monetary gold .................................................................................. 0 0 0 0 0 0 0 0 0 76 77 Special drawing rights ......................................................................... 23 9 -14 3 2 2 2 2 0 77 78 Reserve position in the International Monetary Fund ............................................ -3,849 -6,485 -2,636 -4,195 -930 -314 -1,046 -1,214 -168 78 79 Other reserve assets ........................................................................... 243 185 -58 33 52 46 54 21 -33 79 80 Currency and deposits ........................................................................ 5 -20 -25 (*) -4 -7 -8 -10 -2 80 81 Securities ................................................................................... 234 205 -29 33 56 53 63 31 -32 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 84Net U.S. incurrence of liabilities excluding financial derivatives (net increase in liabilities / fi 1,056,374 395,234 -661,140 348,004 205,435 -39,884 -118,322 115,488 233,810 84 85 Direct investment liabilities .................................................................... 207,368 379,435 172,067 194,067 108,005 50,590 26,773 79,900 53,127 85 86 Equity ......................................................................................... 112,000 301,108 189,108 160,334 59,370 40,520 40,884 66,964 26,080 86 87 Debt instruments ............................................................................... 95,368 78,327 -17,041 33,733 48,635 10,069 -14,111 12,937 27,048 87 88 Portfolio investment liabilities ................................................................. 701,861 250,936 -450,925 102,922 256,154 -126,250 18,109 -14,823 -32,932 88 89 Equity and investment fund shares .............................................................. 154,311 -178,266 -332,577 31,104 -22,605 -33,301 -153,464 -80,002 73,462 89 90 Debt securities ................................................................................ 547,550 429,202 -118,348 71,819 278,759 -92,949 171,573 65,179 -106,394 90 91 Short term ................................................................................... 22,329 45,783 23,454 37,005 -5,818 -51,361 65,957 -10,464 -76,421 91 92 Long term .................................................................................... 525,221 383,419 -141,802 34,814 284,577 -41,588 105,616 75,643 -29,973 92 93 Other investment liabilities ..................................................................... 147,145 -235,137 -382,282 51,015 -158,723 35,775 -163,204 50,411 213,615 93 94 Currency and deposits .......................................................................... 59,579 33,406 -26,173 559 -1,720 10,946 23,621 -42,416 -66,037 94 95 Loans .......................................................................................... 73,581 -282,713 -356,294 46,254 -162,179 19,479 -186,267 88,431 274,698 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 4,202 5,175 5,351 -559 4,396 4,955 97 98 Special drawing rights allocations ............................................................. 0 0 0 0 0 0 0 0 0 98 99Financial derivatives other than reserves, net transactions 3 ...................................... -54,347 -25,392 28,955 -40,199 1,708 746 12,353 13,643 1,290 99 Statistical discrepancy 100Statistical discrepancy 4 .......................................................................... 104,727 267,780 163,053 83,929 12,318 79,913 91,620 89,629 -1,991 100 Balances 101Balance on current account (line 1 less line 31) 5 ................................................. -392,060 -462,965 -70,905 -114,549 -111,904 -123,106 -113,406 -124,671 -11,265 101 102 Balance on goods and services (line 2 less line 32) .............................................. -490,176 -500,361 -10,185 -126,514 -124,028 -125,611 -124,209 -121,872 2,337 102 103 Balance on goods (line 3 less line 33) ......................................................... -752,169 -762,565 -10,396 -193,517 -190,876 -189,768 -188,404 -186,429 1,975 103 104 Balance on services (line 13 less line 42) ..................................................... 261,993 262,203 210 67,003 66,848 64,157 64,195 64,557 362 104 105 Balance on primary income (line 23 less line 52) ................................................. 224,005 182,385 -41,620 48,351 45,071 41,848 47,115 37,498 -9,617 105 106 Balance on secondary income (line 30 less line 58) ............................................... -125,888 -144,988 -19,100 -36,386 -32,947 -39,343 -36,312 -40,297 -3,985 106 107Balance on capital account (line 59 less line 60) 5 ................................................ -45 -42 3 -22 -20 -1 0 0 0 107 108Net lending (+) or net borrowing (-) from current- and capital-account transactions (line 101 plus l -392,105 -463,007 -70,902 -114,571 -111,924 -123,106 -113,406 -124,671 -11,265 108 109Net lending (+) or net borrowing (-) from financial-account transactions (line 61 less line 84 plus -287,378 -195,227 92,151 -30,642 -99,605 -43,194 -21,786 -35,042 -13,256 109 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#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 June 16, 2016 Table 2. U.S. International Trade in Goods [Millions of dollars] Line 2014 r 2015 r Change: Seasonally adjusted Change: 2014 to 2015 2016 2015:IV to 2015 I r II r III r IV r I p 2016:I 1Exports of goods (table 1, line 3) ................................................................. 1,633,320 1,510,303 -123,017 383,936 383,935 377,157 365,275 354,041 -11,234 1 2 General merchandise ............................................................................ 1,610,368 1,488,639 -121,729 378,373 379,072 371,021 360,173 349,734 -10,439 2 3 Net exports of goods under merchanting ......................................................... 299 259 -40 81 41 74 63 53 -10 3 4 Nonmonetary gold ............................................................................... 22,654 21,405 -1,249 5,482 4,822 6,062 5,038 4,254 -784 4 5 General merchandise, all end-use commodities (line 2) ............................................ 1,610,368 1,488,639 -121,729 378,373 379,072 371,021 360,173 349,734 -10,439 5 6 Foods, feeds, and beverages .................................................................... 143,722 127,727 -15,995 32,817 32,741 32,121 30,049 28,858 -1,191 6 7 Agricultural ................................................................................. 134,063 118,259 -15,804 30,430 30,357 29,705 27,766 26,536 -1,230 7 8 Grains and preparations .................................................................... 32,782 28,292 -4,490 7,413 7,408 7,405 6,067 5,899 -168 8 9 Wheat .................................................................................... 7,908 5,790 -2,118 1,623 1,378 1,424 1,366 1,199 -167 9 10 Corn ..................................................................................... 11,938 9,376 -2,562 2,394 2,763 2,586 1,632 1,983 351 10 11 Rice and other food grains ............................................................... 2,130 2,126 -4 496 518 569 543 464 -79 11 12 Other feeds .............................................................................. 10,807 11,000 193 2,900 2,749 2,825 2,527 2,253 -274 12 13 Soybeans ................................................................................... 25,124 19,778 -5,346 4,802 4,690 5,294 4,992 3,995 -997 13 14 Meat products and poultry .................................................................. 20,065 16,616 -3,449 4,545 4,379 3,867 3,825 3,851 26 14 15 Vegetables, fruits, nuts, and preparations ................................................. 25,193 24,917 -276 6,362 6,594 6,167 5,795 5,899 104 15 16 Other agricultural foods, feeds, and beverages ............................................. 30,899 28,656 -2,243 7,308 7,287 6,973 7,088 6,892 -196 16 17 Nonagricultural .............................................................................. 9,659 9,469 -190 2,387 2,384 2,415 2,283 2,323 40 17 18 Fish and shellfish ......................................................................... 5,977 5,775 -202 1,455 1,419 1,510 1,392 1,425 33 18 19 Distilled beverages and other nonagricultural foods, feeds, and beverages .................. 3,682 3,693 11 932 965 906 891 897 6 19 20 Industrial supplies and materials .............................................................. 500,360 417,062 -83,298 107,866 109,896 103,427 95,873 92,184 -3,689 20 21 Agricultural ................................................................................. 19,753 18,207 -1,546 4,568 4,925 4,837 3,877 3,926 49 21 22 Raw cotton ................................................................................. 4,412 3,903 -509 1,038 1,114 995 755 670 -85 22 23 Tobacco, unmanufactured .................................................................... 1,118 1,131 13 293 284 430 124 360 236 23 24 Hides and skins, including furskins ........................................................ 2,931 2,441 -490 653 679 596 513 511 -2 24 25 Other agricultural industrial supplies ..................................................... 11,292 10,732 -560 2,584 2,848 2,816 2,485 2,385 -100 25 26 Nonagricultural .............................................................................. 480,607 398,855 -81,752 103,298 104,972 98,590 91,996 88,258 -3,738 26 27 Energy products ............................................................................ 182,764 124,981 -57,783 32,300 34,889 30,673 27,119 24,720 -2,399 27 28 Petroleum and products ................................................................... 161,490 109,393 -52,097 27,656 30,527 27,262 23,949 21,851 -2,098 28 29 Crude .................................................................................. 11,584 7,717 -3,867 1,842 2,422 1,934 1,520 1,324 -196 29 30 Fuel oil ............................................................................... 65,918 40,928 -24,990 10,000 12,213 10,180 8,535 7,081 -1,454 30 31 Other petroleum products ............................................................... 73,331 52,586 -20,745 13,791 13,827 13,022 11,947 11,573 -374 31 32 Liquified petroleum gases .............................................................. 10,657 8,162 -2,495 2,023 2,065 2,126 1,948 1,873 -75 32 33 Coal and related products ................................................................ 11,876 8,864 -3,012 2,586 2,409 2,074 1,795 1,694 -101 33 34 Natural gas .............................................................................. 7,672 4,772 -2,900 1,400 1,296 1,048 1,028 899 -129 34 35 Nuclear fuel and electric energy ......................................................... 1,726 1,951 225 659 656 288 347 276 -71 35 36 Paper and paper-base stocks ................................................................ 22,505 21,742 -763 5,457 5,529 5,416 5,339 5,286 -53 36 37 Textile supplies and related materials ..................................................... 15,205 14,332 -873 3,656 3,634 3,521 3,521 3,436 -85 37 38 Chemicals except medicinals ................................................................ 119,387 111,413 -7,974 28,519 28,457 28,029 26,408 25,807 -601 38 39 Plastic materials ........................................................................ 36,914 34,107 -2,807 8,661 8,788 8,439 8,218 8,146 -72 39 40 Fertilizers, pesticides, and insecticides ................................................ 9,487 8,705 -782 2,260 2,237 2,172 2,036 1,798 -238 40 41 Industrial inorganic chemicals ........................................................... 9,222 8,831 -391 2,190 2,279 2,265 2,096 2,077 -19 41 42 Industrial organic chemicals ............................................................. 32,825 29,966 -2,859 7,817 7,756 7,641 6,752 6,625 -127 42 43 Other chemicals .......................................................................... 30,939 29,805 -1,134 7,591 7,398 7,511 7,306 7,161 -145 43 44 Building materials except metals ........................................................... 15,532 14,038 -1,494 3,665 3,563 3,418 3,391 3,405 14 44 45 Other nonmetals ............................................................................ 35,561 34,648 -913 8,760 8,691 8,645 8,551 8,265 -286 45 46 Metals and nonmetallic products ............................................................ 89,653 77,702 -11,951 20,940 20,209 18,887 17,666 17,339 -327 46 47 Steelmaking materials .................................................................... 9,390 5,754 -3,636 1,681 1,548 1,337 1,188 1,019 -169 47 48 Iron and steel products .................................................................. 18,977 16,342 -2,635 4,644 4,119 3,932 3,647 3,550 -97 48 49 Nonferrous metals ........................................................................ 33,337 29,206 -4,131 7,870 7,655 7,208 6,473 6,649 176 49 50 Precious metals except nonmonetary gold ................................................ 7,582 6,230 -1,352 1,720 1,615 1,459 1,436 1,465 29 50 51 Bauxite and aluminum ................................................................... 8,918 8,242 -676 2,065 2,136 2,087 1,953 1,783 -170 51 52 Copper ................................................................................. 8,758 7,292 -1,466 2,053 1,957 1,799 1,483 1,678 195 52 53 Other nonferrous metals ................................................................ 8,079 7,443 -636 2,031 1,948 1,864 1,600 1,724 124 53 54 Other metals and nonmetallic products .................................................... 27,949 26,399 -1,550 6,745 6,886 6,410 6,359 6,121 -238 54 55 Capital goods except automotive ................................................................ 551,720 539,700 -12,020 136,621 136,316 134,012 132,751 129,467 -3,284 55 56 Machinery and equipment except consumer-type ................................................. 431,864 413,655 -18,209 105,185 104,314 103,140 101,016 99,464 -1,552 56 57 Electric-generating machinery, electric apparatus, and parts ............................... 57,168 56,312 -856 14,205 14,212 14,182 13,712 13,832 120 57 58 Oil-drilling, mining, and construction machinery ........................................... 29,560 23,131 -6,429 6,371 5,808 5,494 5,458 4,602 -856 58 59 Industrial engines, pumps, and compressors ................................................. 29,703 27,436 -2,267 7,217 6,818 6,725 6,676 6,671 -5 59 60 Machine tools and metalworking machinery ................................................... 7,618 7,282 -336 1,936 1,817 1,797 1,733 1,608 -125 60 61 Measuring, testing, and control instruments ................................................ 25,158 23,988 -1,170 6,234 6,141 5,912 5,701 5,723 22 61 62 Other industrial machinery ................................................................. 80,610 78,012 -2,598 19,935 19,626 19,963 18,486 17,993 -493 62 63 Other service-industry and agricultural machinery .......................................... 19,598 17,880 -1,718 4,433 4,496 4,424 4,526 4,301 -225 63 64 Computers .................................................................................. 16,894 15,946 -948 4,121 3,937 4,003 3,886 3,606 -280 64 65 Computer accessories, peripherals, and parts ............................................... 31,911 30,888 -1,023 7,590 7,733 7,811 7,753 8,280 527 65 66 Semiconductors ............................................................................. 43,792 42,798 -994 10,874 10,773 10,598 10,553 11,057 504 66 67 Telecommunications equipment ............................................................... 40,662 41,849 1,187 10,144 10,817 10,310 10,577 9,798 -779 67 68 Other office and business machines ......................................................... 2,978 2,651 -327 704 698 637 612 636 24 68 69 Scientific, hospital, and medical equipment and parts ...................................... 46,212 45,484 -728 11,421 11,436 11,283 11,344 11,357 13 69 70 Civilian aircraft, engines, and parts ........................................................ 113,130 119,453 6,323 29,808 30,093 29,183 30,369 28,673 -1,696 70 71 Civilian aircraft, complete, all types ..................................................... 58,230 63,332 5,102 15,968 16,046 15,441 15,878 13,757 -2,121 71 72 Engines and parts .......................................................................... 54,901 56,121 1,220 13,841 14,047 13,741 14,491 14,916 425 72 73 Other transportation equipment ............................................................... 6,725 6,592 -133 1,628 1,909 1,690 1,366 1,331 -35 73 74 Automotive vehicles, parts, and engines ........................................................ 159,812 151,917 -7,895 37,634 38,000 38,620 37,664 37,547 -117 74 75 To Canada .................................................................................... 59,983 57,233 -2,750 13,966 14,478 14,522 14,267 14,565 298 75 76 Passenger cars, new and used ............................................................... 14,626 14,309 -317 3,524 3,929 3,534 3,322 3,252 -70 76 77 Trucks, buses, and special purpose vehicles ................................................ 15,051 13,589 -1,462 3,319 3,467 3,369 3,435 3,446 11 77 78 Engines and engine parts ................................................................... 5,395 5,302 -93 1,288 1,298 1,354 1,362 1,539 177 78 79 Other parts and accessories ................................................................ 24,910 24,034 -876 5,835 5,784 6,266 6,149 6,328 179 79 80 To other areas ............................................................................... 99,830 94,684 -5,146 23,668 23,522 24,097 23,396 22,982 -414 80 81 Passenger cars, new and used ............................................................... 45,999 40,260 -5,739 9,963 9,793 10,749 9,755 10,036 281 81 82 Trucks, buses, and special purpose vehicles ................................................ 4,827 4,356 -471 1,183 1,133 993 1,046 1,112 66 82 83 Engines and engine parts ................................................................... 13,000 11,695 -1,305 3,127 2,916 2,843 2,809 2,736 -73 83 84 Other parts and accessories ................................................................ 36,003 38,373 2,370 9,394 9,680 9,512 9,786 9,097 -689 84 85 Consumer goods except food and automotive ...................................................... 197,990 197,285 -705 50,479 48,627 49,010 49,168 48,324 -844 85 86 Nondurable goods ............................................................................. 87,479 91,648 4,169 23,222 22,386 22,681 23,360 22,832 -528 86 87 Apparel, footwear, and household goods ..................................................... 11,063 11,129 66 2,764 2,878 2,752 2,735 2,608 -127 87 88 Medicinal, dental, and pharmaceutical products ............................................. 50,947 55,064 4,117 14,191 13,170 13,505 14,198 13,950 -248 88 89 Toiletries and cosmetics ................................................................... 11,796 11,879 83 2,918 3,005 2,969 2,987 2,989 2 89 90 Other nondurable goods ..................................................................... 13,672 13,576 -96 3,348 3,333 3,455 3,441 3,285 -156 90 91 Durable goods ................................................................................ 110,511 105,637 -4,874 27,258 26,242 26,330 25,807 25,493 -314 91 92 Televisions, video receivers, and other video equipment .................................... 4,579 4,802 223 1,235 1,191 1,233 1,143 1,274 131 92 93 Radio and stereo equipment, including recorded media ....................................... 4,809 4,303 -506 1,093 1,079 1,098 1,032 986 -46 93 94 Toys and sporting goods, including bicycles ................................................ 10,396 9,393 -1,003 2,466 2,411 2,295 2,221 2,314 93 94 95 Household and kitchen appliances and other household goods ................................. 39,938 39,560 -378 10,099 9,808 9,933 9,720 9,396 -324 95 96 Household furnishings and related products ............................................... 4,830 4,678 -152 1,221 1,184 1,137 1,136 1,163 27 96 97 Household and kitchen appliances ......................................................... 7,536 7,290 -246 1,841 1,888 1,814 1,746 1,745 -1 97 98 Other household goods, including cell phones ............................................. 27,572 27,592 20 7,037 6,736 6,982 6,837 6,488 -349 98 99 Jewelry and collectibles ................................................................... 23,296 23,451 155 5,956 5,775 5,937 5,783 5,465 -318 99 100 Gem diamonds and other gemstones ........................................................... 23,010 20,209 -2,801 5,408 4,943 4,916 4,941 5,118 177 100 101 Other durable goods ........................................................................ 4,483 3,920 -563 1,000 1,034 918 968 941 -27 101 102 Other general merchandise ...................................................................... 56,763 54,948 -1,815 12,956 13,492 13,831 14,668 13,354 -1,314 102 103 Net exports of goods under merchanting (line 3) .................................................. 299 259 -40 81 41 74 63 53 -10 103 104 Nonmonetary gold (line 4) ........................................................................ 22,654 21,405 -1,249 5,482 4,822 6,062 5,038 4,254 -784 104 105Imports of goods (table 1, line 33) ................................................................ 2,385,489 2,272,868 -112,621 577,452 574,812 566,925 553,678 540,470 -13,208 105 106 General merchandise ............................................................................ 2,370,025 2,260,279 -109,746 574,463 571,436 563,627 550,752 537,083 -13,669 106 107 Nonmonetary gold ............................................................................... 15,464 12,589 -2,875 2,989 3,376 3,298 2,926 3,387 461 107 108 General merchandise, all end-use commodities (line 106) .......................................... 2,370,025 2,260,279 -109,746 574,463 571,436 563,627 550,752 537,083 -13,669 108 109 Foods, feeds, and beverages .................................................................... 126,804 128,783 1,979 32,474 32,657 32,074 31,578 32,824 1,246 109 110 Agricultural ................................................................................. 98,346 101,702 3,356 25,235 25,688 25,635 25,144 25,784 640 110 111 Green coffee ............................................................................... 5,229 5,120 -109 1,174 1,324 1,345 1,278 994 -284 111 112 Cocoa beans and sugar ...................................................................... 2,931 3,179 248 922 828 742 688 933 245 112 113 Meat products and poultry .................................................................. 12,134 12,850 716 3,430 3,374 3,320 2,725 2,892 167 113 114 Vegetables, fruits, nuts, and preparations ................................................. 28,211 30,167 1,956 7,318 7,387 7,642 7,820 8,130 310 114 115 Wine, beer, and related products ........................................................... 9,778 10,243 465 2,509 2,581 2,546 2,607 2,720 113 115 116 Other agricultural foods, feeds, and beverages ............................................. 40,062 40,142 80 9,882 10,194 10,040 10,026 10,115 89 116 117 Nonagricultural .............................................................................. 28,458 27,080 -1,378 7,239 6,969 6,439 6,433 7,041 608 117 118 Fish and shellfish ......................................................................... 20,245 18,720 -1,525 5,082 4,852 4,376 4,410 4,779 369 118 119 Distilled beverages and other nonagricultural foods, feeds, and beverages .................. 8,212 8,360 148 2,157 2,117 2,063 2,023 2,262 239 119 120 Industrial supplies and materials .............................................................. 675,645 492,348 -183,297 134,498 126,686 121,422 109,742 101,993 -7,749 120 121 Agricultural ................................................................................. 13,321 11,863 -1,458 3,061 2,958 2,970 2,874 2,656 -218 121 122 Nonagricultural .............................................................................. 662,324 480,485 -181,839 131,438 123,728 118,452 106,868 99,337 -7,531 122 123 Energy products ............................................................................ 377,715 214,364 -163,351 60,689 56,216 53,256 44,202 38,046 -6,156 123 124 Petroleum and products ................................................................... 353,617 197,288 -156,329 55,929 52,115 48,958 40,286 34,428 -5,858 124 125 Crude .................................................................................. 248,812 128,637 -120,175 36,707 33,571 31,633 26,726 22,249 -4,477 125 126 Fuel oil ............................................................................... 41,980 24,436 -17,544 7,364 6,939 5,903 4,230 3,797 -433 126 127 Other petroleum products ............................................................... 58,803 42,149 -16,654 11,142 11,189 10,973 8,845 7,907 -938 127 128 Liquified petroleum gases .............................................................. 4,022 2,066 -1,956 716 415 449 486 475 -11 128 129 Coal and related products ................................................................ 2,093 2,251 158 452 483 689 626 401 -225 129 130 Natural gas .............................................................................. 15,445 8,969 -6,476 3,172 1,936 2,063 1,798 1,636 -162 130 131 Nuclear fuel and electric energy ......................................................... 6,561 5,856 -705 1,136 1,682 1,546 1,492 1,582 90 131 132 Paper and paper-base stocks ................................................................ 12,620 12,131 -489 3,071 3,124 2,937 2,998 2,927 -71 132 133 Textile supplies and related materials ..................................................... 14,799 14,905 106 3,780 3,765 3,724 3,636 3,492 -144 133 134 Chemicals except medicinals ................................................................ 80,745 73,618 -7,127 19,268 18,965 18,139 17,245 17,043 -202 134 135 Plastic materials ........................................................................ 17,342 16,230 -1,112 4,276 4,154 3,918 3,881 3,913 32 135 136 Fertilizers, pesticides, and insecticides ................................................ 15,076 14,526 -550 3,948 3,598 3,766 3,213 3,119 -94 136 137 Industrial inorganic chemicals ........................................................... 7,560 7,197 -363 1,932 1,801 1,767 1,697 1,564 -133 137 138 Industrial organic chemicals ............................................................. 28,110 23,266 -4,844 5,975 6,199 5,643 5,449 5,502 53 138 139 Other chemicals .......................................................................... 12,656 12,398 -258 3,137 3,212 3,045 3,005 2,944 -61 139 140 Building materials except metals ........................................................... 28,296 29,861 1,565 7,375 7,372 7,520 7,594 7,734 140 140 141 Other nonmetals ............................................................................ 33,362 33,952 590 8,678 8,492 8,471 8,310 8,394 84 141 142 Metals and nonmetallic products ............................................................ 114,788 101,655 -13,133 28,575 25,795 24,404 22,881 21,701 -1,180 142 143 Steelmaking materials .................................................................... 8,817 6,007 -2,810 1,914 1,370 1,481 1,242 1,074 -168 143 144 Iron and steel products .................................................................. 46,250 40,084 -6,166 11,792 10,179 9,322 8,791 8,062 -729 144 145 Nonferrous metals ........................................................................ 37,637 33,613 -4,024 9,433 8,924 7,865 7,391 7,146 -245 145 146 Precious metals except nonmonetary gold ................................................ 10,799 8,823 -1,976 2,437 2,302 2,024 2,059 1,781 -278 146 147 Bauxite and aluminum ................................................................... 11,685 12,107 422 3,363 3,170 2,859 2,715 2,876 161 147 148 Other nonferrous metals ................................................................ 15,153 12,683 -2,470 3,633 3,452 2,981 2,617 2,489 -128 148 149 Other metals and nonmetallic products .................................................... 22,084 21,951 -133 5,435 5,322 5,736 5,458 5,420 -38 149 150 Capital goods except automotive ................................................................ 598,674 606,730 8,056 153,604 153,233 150,361 149,532 145,483 -4,049 150 151 Machinery and equipment except consumer-type ................................................. 538,378 544,230 5,852 138,158 137,159 134,905 134,008 131,856 -2,152 151 152 Electric-generating machinery, electric apparatus and parts ................................ 71,706 71,839 133 18,521 18,140 17,496 17,682 17,429 -253 152 153 Oil-drilling, mining, and construction machinery ........................................... 24,114 21,074 -3,040 6,779 6,020 4,408 3,867 3,850 -17 153 154 Industrial engines, pumps, and compressors ................................................. 24,860 24,225 -635 6,285 6,360 5,839 5,741 5,707 -34 154 155 Machine tools and metalworking machinery ................................................... 11,417 11,444 27 2,959 2,939 2,761 2,784 2,681 -103 155 156 Measuring, testing, and control instruments ................................................ 20,161 20,513 352 5,264 5,148 5,036 5,064 4,874 -190 156 157 Other industrial machinery ................................................................. 87,033 86,068 -965 22,064 21,840 21,058 21,106 20,487 -619 157 158 Other service-industry and agricultural machinery .......................................... 29,116 29,449 333 7,290 7,313 7,365 7,480 7,300 -180 158 159 Computers .................................................................................. 64,000 63,269 -731 15,235 15,757 16,752 15,524 15,136 -388 159 160 Computer accessories, peripherals, and parts ............................................... 57,987 56,980 -1,007 15,117 14,191 14,138 13,534 13,213 -321 160 161 Semiconductors ............................................................................. 44,043 46,244 2,201 11,029 11,509 11,690 12,016 12,695 679 161 162 Telecommunications equipment ............................................................... 58,815 66,326 7,511 15,862 16,182 16,759 17,523 16,717 -806 162 163 Other office and business machines ......................................................... 4,825 5,104 279 1,306 1,283 1,270 1,244 1,336 92 163 164 Scientific, hospital, and medical equipment and parts ...................................... 40,302 41,697 1,395 10,447 10,476 10,333 10,441 10,431 -10 164 165 Civilian aircraft, engines, and parts ........................................................ 53,275 55,177 1,902 13,673 14,107 13,689 13,708 12,227 -1,481 165 166 Civilian aircraft, complete, all types ..................................................... 16,732 18,265 1,533 4,502 4,634 4,497 4,632 3,197 -1,435 166 167 Engines and parts .......................................................................... 36,543 36,912 369 9,171 9,473 9,192 9,076 9,030 -46 167 168 Other transportation equipment ............................................................... 7,021 7,323 302 1,773 1,967 1,767 1,817 1,400 -417 168 169 Automotive vehicles, parts, and engines ........................................................ 329,500 350,053 20,553 84,463 88,257 88,534 88,799 88,441 -358 169 170 From Canada .................................................................................. 63,480 62,609 -871 14,731 15,496 16,035 16,346 17,058 712 170 171 Passenger cars, new and used ............................................................... 42,918 42,355 -563 9,832 10,246 10,835 11,442 12,116 674 171 172 Trucks, buses, and special purpose vehicles ................................................ 2,704 2,939 235 756 744 778 661 742 81 172 173 Engines and engine parts ................................................................... 3,782 3,722 -60 885 962 960 914 1,004 90 173 174 Other parts and accessories ................................................................ 14,076 13,593 -483 3,258 3,545 3,462 3,329 3,196 -133 174 175 From other areas ............................................................................. 266,021 287,445 21,424 69,733 72,761 72,499 72,453 71,383 -1,070 175 176 Passenger cars, new and used ............................................................... 110,675 124,006 13,331 29,614 30,663 31,869 31,861 30,696 -1,165 176 177 Trucks, buses, and special purpose vehicles ................................................ 29,790 32,230 2,440 7,984 8,601 7,791 7,854 8,258 404 177 178 Engines and engine parts ................................................................... 25,602 25,797 195 6,368 6,608 6,404 6,418 6,014 -404 178 179 Other parts and accessories ................................................................ 99,954 105,411 5,457 25,767 26,890 26,435 26,320 26,414 94 179 180 Consumer goods except food and automotive ...................................................... 558,695 596,541 37,846 148,425 149,259 149,751 149,107 147,260 -1,847 180 181 Nondurable goods ............................................................................. 258,259 281,812 23,553 69,166 72,172 70,547 69,926 70,113 187 181 182 Apparel, footwear, and household goods ..................................................... 135,908 142,500 6,592 36,279 35,556 35,929 34,736 34,388 -348 182 183 Medicinal, dental, and pharmaceutical products ............................................. 91,984 108,207 16,223 24,991 28,762 26,893 27,561 27,744 183 183 184 Toiletries and cosmetics ................................................................... 10,227 10,350 123 2,620 2,602 2,608 2,519 2,694 175 184 185 Other nondurable goods ..................................................................... 20,139 20,755 616 5,276 5,252 5,117 5,110 5,287 177 185 186 Durable goods ................................................................................ 300,436 314,729 14,293 79,259 77,086 79,204 79,180 77,148 -2,032 186 187 Televisions, video receivers, and other video equipment .................................... 28,220 28,358 138 6,578 6,729 7,541 7,510 5,909 -1,601 187 188 Radio and stereo equipment, including recorded media ....................................... 9,821 10,322 501 2,411 2,446 2,821 2,644 2,593 -51 188 189 Toys and sporting goods, including bicycles ................................................ 36,993 39,404 2,411 9,749 9,617 10,380 9,657 9,607 -50 189 190 Household and kitchen appliances and other household goods ................................. 163,813 172,492 8,679 44,184 42,148 42,747 43,412 43,658 246 190 191 Household furnishings and related products ............................................... 28,860 32,139 3,279 8,025 7,818 8,076 8,220 8,382 162 191 192 Household and kitchen appliances ......................................................... 25,320 27,104 1,784 6,382 6,660 7,137 6,926 6,652 -274 192 193 Other household goods, including cell phones ............................................. 109,633 113,249 3,616 29,777 27,671 27,533 28,267 28,624 357 193 194 Jewelry and collectibles ................................................................... 25,430 28,516 3,086 7,073 7,197 6,826 7,420 6,408 -1,012 194 195 Gem diamonds and other gemstones ........................................................... 28,318 27,058 -1,260 7,009 6,814 6,784 6,452 6,882 430 195 196 Other durable goods ........................................................................ 7,841 8,579 738 2,254 2,134 2,106 2,086 2,092 6 196 197 Other general merchandise ...................................................................... 80,707 85,823 5,116 20,999 21,344 21,485 21,995 21,082 -913 197 198 Nonmonetary gold (line 107) ...................................................................... 15,464 12,589 -2,875 2,989 3,376 3,298 2,926 3,387 461 198 199Balance on goods (line 1 less line 105) ............................................................ -752,169 -762,565 -10,396 -193,517 -190,876 -189,768 -188,404 -186,429 1,975 199 p Preliminary r Revised n.a. Not available (*) Transactions are between zero and +/- $500,000 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 June 16, 2016 Table 3. U.S. International Trade in Services [Millions of dollars] Line 2014 r 2015 r Change: Seasonally adjusted Change: 2014 to 2015 2016 2015:IV to 2015 I r II r III r IV r I p 2016:I 1Exports of services (table 1, line 13) ............................................................. 743,257 750,860 7,603 188,332 188,448 187,118 186,962 188,063 1,101 1 2 Maintenance and repair services n.i.e. ........................................................... 22,132 24,036 1,904 5,572 5,818 6,018 6,627 6,396 -231 2 3 Transport ........................................................................................ 90,701 87,221 -3,480 22,106 21,972 21,550 21,594 21,354 -240 3 4 Sea transport .................................................................................. 18,161 18,044 -117 4,583 4,505 4,502 4,454 4,411 -43 4 5 Freight ...................................................................................... 4,325 3,816 -509 1,056 932 912 916 876 -40 5 6 Port ......................................................................................... 13,836 14,228 392 3,527 3,573 3,590 3,538 3,535 -3 6 7 Air transport .................................................................................. 68,053 64,672 -3,381 16,384 16,336 15,976 15,976 15,772 -204 7 8 Passenger .................................................................................... 44,071 41,704 -2,367 10,701 10,480 10,246 10,277 10,149 -128 8 9 Freight ...................................................................................... 14,261 12,906 -1,355 3,375 3,235 3,198 3,097 3,069 -28 9 10 Port ......................................................................................... 9,721 10,062 341 2,308 2,621 2,531 2,602 2,553 -49 10 11 Other modes of transport ....................................................................... 4,487 4,505 18 1,138 1,132 1,072 1,163 1,172 9 11 12 Travel (for all purposes including education) 1 .................................................. 191,325 204,523 13,198 49,836 51,406 51,712 51,569 52,997 1,428 12 13 Business ....................................................................................... 43,509 42,754 -755 10,558 10,806 10,731 10,659 10,870 211 13 14 Expenditures by border, seasonal, and other short-term workers ............................... 7,654 8,184 530 1,962 2,015 2,097 2,110 2,176 66 14 15 Other business travel ........................................................................ 35,855 34,570 -1,285 8,596 8,791 8,634 8,549 8,694 145 15 16 Personal ....................................................................................... 147,816 161,769 13,953 39,278 40,600 40,981 40,910 42,127 1,217 16 17 Health related ............................................................................... 3,468 3,597 129 884 900 898 916 922 6 17 18 Education related ............................................................................ 30,966 35,760 4,794 8,502 8,771 9,053 9,434 9,838 404 18 19 Other personal travel ........................................................................ 113,382 122,412 9,030 29,892 30,929 31,031 30,560 31,368 808 19 20 Insurance services ............................................................................... 17,312 17,142 -170 4,229 4,184 4,237 4,492 4,403 -89 20 21 Direct insurance ............................................................................... 3,974 3,346 -628 888 833 807 817 791 -26 21 22 Reinsurance .................................................................................... 11,448 11,895 447 2,873 2,858 2,959 3,206 3,143 -63 22 23 Auxiliary insurance services ................................................................... 1,890 1,901 11 469 492 471 469 469 0 23 24 Financial services ............................................................................... 107,712 102,461 -5,251 27,335 25,826 24,981 24,318 24,940 622 24 25 Securities brokerage, underwriting, and related services ....................................... 13,406 11,805 -1,601 3,093 3,189 2,884 2,639 3,003 364 25 26 Financial management, financial advisory, and custody services ................................. 57,371 54,531 -2,840 15,283 13,613 13,093 12,543 12,704 161 26 27 Credit card and other credit-related services .................................................. 20,435 19,714 -721 4,820 4,915 4,962 5,017 4,995 -22 27 28 Securities lending, electronic funds transfer, and other services .............................. 16,500 16,410 -90 4,139 4,110 4,043 4,118 4,239 121 28 29 Charges for the use of intellectual property n.i.e. .............................................. 129,890 124,664 -5,226 31,147 31,525 31,252 30,739 30,381 -358 29 30 Industrial processes ........................................................................... 48,497 45,898 -2,599 11,278 11,659 11,261 11,700 11,553 -147 30 31 Computer software .............................................................................. 39,197 36,752 -2,445 9,117 9,208 9,719 8,708 8,573 -135 31 32 Trademarks and franchise fees .................................................................. 22,544 20,582 -1,962 5,498 5,248 4,964 4,872 4,720 -152 32 33 Audio-visual and related products .............................................................. 19,569 21,308 1,739 5,233 5,387 5,280 5,408 5,505 97 33 34 Other intellectual property .................................................................... 83 125 42 22 23 30 51 29 -22 34 35 Telecommunications, computer, and information services ........................................... 35,044 35,895 851 8,775 8,889 9,062 9,168 9,274 106 35 36 Telecommunications services .................................................................... 13,736 12,645 -1,091 3,150 3,064 3,204 3,227 3,161 -66 36 37 Computer services .............................................................................. 14,152 15,951 1,799 3,839 4,055 4,024 4,033 4,176 143 37 38 Information services ........................................................................... 7,156 7,299 143 1,785 1,771 1,834 1,909 1,937 28 38 39 Other business services .......................................................................... 128,817 134,648 5,831 34,342 33,715 32,936 33,654 33,687 33 39 40 Research and development services .............................................................. 32,946 34,526 1,580 8,568 8,304 8,473 9,182 9,414 232 40 41 Professional and management consulting services ................................................ 59,623 64,912 5,289 16,541 16,624 15,794 15,953 15,978 25 41 42 Technical, trade-related, and other business services 2 ........................................ 36,248 35,210 -1,038 9,233 8,788 8,669 8,520 8,294 -226 42 43 Government goods and services n.i.e. ............................................................. 20,325 20,270 -55 4,990 5,112 5,369 4,800 4,631 -169 43 44Imports of services (table 1, line 42) ............................................................. 481,264 488,657 7,393 121,329 121,599 122,961 122,767 123,506 739 44 45 Maintenance and repair services n.i.e. ........................................................... 7,521 8,996 1,475 2,112 2,146 2,451 2,287 2,353 66 45 46 Transport ........................................................................................ 94,160 97,050 2,890 24,565 24,183 24,322 23,979 24,231 252 46 47 Sea transport .................................................................................. 36,254 37,295 1,041 9,520 9,359 9,364 9,052 8,886 -166 47 48 Freight ...................................................................................... 34,013 35,005 992 8,948 8,777 8,792 8,488 8,320 -168 48 49 Port ......................................................................................... 2,241 2,290 49 572 582 572 564 566 2 49 50 Air transport .................................................................................. 53,697 55,851 2,154 14,069 13,759 14,023 14,000 14,410 410 50 51 Passenger .................................................................................... 34,890 35,494 604 8,738 8,854 8,983 8,919 9,216 297 51 52 Freight ...................................................................................... 7,197 7,895 698 2,262 1,874 1,928 1,831 1,680 -151 52 53 Port ......................................................................................... 11,610 12,462 852 3,069 3,031 3,112 3,250 3,514 264 53 54 Other modes of transport ....................................................................... 4,209 3,904 -305 976 1,065 936 927 936 9 54 55 Travel (for all purposes including education) 1 .................................................. 105,529 112,873 7,344 27,543 27,888 28,209 29,231 29,960 729 55 56 Business ....................................................................................... 17,271 15,920 -1,351 3,998 3,916 3,908 4,098 4,099 1 56 57 Expenditures by border, seasonal, and other short-term workers ............................... 1,249 1,315 66 323 328 332 332 339 7 57 58 Other business travel ........................................................................ 16,022 14,605 -1,417 3,675 3,588 3,576 3,766 3,760 -6 58 59 Personal ....................................................................................... 88,258 96,952 8,694 23,545 23,972 24,301 25,134 25,861 727 59 60 Health related ............................................................................... 1,624 1,828 204 437 450 464 477 492 15 60 61 Education related ............................................................................ 6,992 7,278 286 1,788 1,810 1,836 1,844 1,859 15 61 62 Other personal travel ........................................................................ 79,642 87,846 8,204 21,320 21,712 22,002 22,812 23,511 699 62 63 Insurance services ............................................................................... 51,824 47,772 -4,052 12,031 11,896 12,020 11,826 11,682 -144 63 64 Direct insurance ............................................................................... 4,793 4,183 -610 1,033 1,101 1,046 1,002 954 -48 64 65 Reinsurance .................................................................................... 45,495 41,709 -3,786 10,558 10,318 10,493 10,340 10,229 -111 65 66 Auxiliary insurance services ................................................................... 1,536 1,880 344 439 477 480 484 499 15 66 67 Financial services ............................................................................... 24,906 25,162 256 6,183 6,449 6,405 6,125 6,148 23 67 68 Securities brokerage, underwriting, and related services ....................................... 4,552 4,412 -140 1,064 1,222 1,092 1,034 1,035 1 68 69 Financial management, financial advisory, and custody services ................................. 11,454 11,524 70 2,960 2,945 2,921 2,698 2,881 183 69 70 Credit card and other credit-related services .................................................. 6,122 6,346 224 1,502 1,546 1,700 1,598 1,494 -104 70 71 Securities lending, electronic funds transfer, and other services .............................. 2,778 2,880 102 657 736 692 795 738 -57 71 72 Charges for the use of intellectual property n.i.e. .............................................. 42,208 39,495 -2,713 9,573 9,875 9,871 10,175 10,057 -118 72 73 Industrial processes ........................................................................... 23,851 20,868 -2,983 4,810 5,273 5,300 5,485 5,329 -156 73 74 Computer software .............................................................................. 6,717 6,723 6 1,726 1,593 1,639 1,764 1,770 6 74 75 Trademarks and franchise fees .................................................................. 3,878 3,768 -110 973 964 896 934 917 -17 75 76 Audio-visual and related products .............................................................. 7,648 7,955 307 2,013 2,011 1,983 1,947 1,992 45 76 77 Other intellectual property .................................................................... 114 181 67 51 33 54 44 49 5 77 78 Telecommunications, computer, and information services ........................................... 36,313 36,440 127 9,073 9,134 9,184 9,049 9,029 -20 78 79 Telecommunications services .................................................................... 6,759 6,242 -517 1,568 1,476 1,724 1,473 1,418 -55 79 80 Computer services .............................................................................. 27,093 27,785 692 6,906 7,024 6,903 6,952 6,994 42 80 81 Information services ........................................................................... 2,461 2,413 -48 599 633 557 624 617 -7 81 82 Other business services .......................................................................... 94,568 99,354 4,786 24,767 24,576 25,092 24,920 25,025 105 82 83 Research and development services .............................................................. 30,902 32,022 1,120 8,032 7,695 8,171 8,123 8,121 -2 83 84 Professional and management consulting services ................................................ 38,937 40,436 1,499 9,964 10,290 9,984 10,198 10,233 35 84 85 Technical, trade-related, and other business services 2 ........................................ 24,730 26,896 2,166 6,771 6,591 6,936 6,598 6,671 73 85 86 Government goods and services n.i.e. ............................................................. 24,236 21,515 -2,721 5,482 5,450 5,408 5,175 5,021 -154 86 87Balance on services (line 1 less line 44) .......................................................... 261,993 262,203 210 67,003 66,848 64,157 64,195 64,557 362 87 Supplemental detail on insurance transactions: 88Premiums received .................................................................................. 30,889 31,772 883 7,663 7,578 7,895 8,635 8,372 -263 88 89Losses paid ........................................................................................ 16,735 17,863 1,128 4,405 4,483 4,507 4,468 4,515 47 89 90Premiums paid ...................................................................................... 108,137 109,858 1,721 26,898 26,939 28,072 27,950 28,008 58 90 91Losses recovered ................................................................................... 75,422 73,108 -2,314 18,474 18,308 18,149 18,177 18,043 -134 91 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 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 June 16, 2016 Table 4. U.S. International Transactions in Primary Income [Millions of dollars] Line 2014 r 2015 r Change: Seasonally adjusted Change: 2014 to 2015 2016 2015:IV to 2015 I r II r III r IV r I p 2016:I 1 Primary income receipts (table 1, line 23) ......................................................... 821,807 782,915 -38,892 194,716 199,359 196,752 192,089 194,262 2,173 1 2 Investment income ................................................................................ 815,123 775,846 -39,277 192,977 197,596 194,969 190,304 192,463 2,159 2 3 Direct investment income ....................................................................... 478,381 432,498 -45,883 109,908 111,269 106,676 104,645 101,728 -2,917 3 4 Income on equity ............................................................................. 460,430 413,025 -47,405 105,253 106,416 102,054 99,302 96,632 -2,670 4 5 Dividends and withdrawals .................................................................. 125,963 108,670 -17,293 26,281 28,590 28,539 25,261 23,070 -2,191 5 6 Reinvested earnings ........................................................................ 334,466 304,355 -30,111 78,973 77,826 73,515 74,041 73,561 -480 6 7 Interest ..................................................................................... 17,951 19,473 1,522 4,655 4,853 4,622 5,343 5,097 -246 7 8 U.S. parents' receipts ..................................................................... 13,390 14,495 1,105 3,535 3,584 3,461 3,915 3,639 -276 8 9 U.S. affiliates' receipts .................................................................. 4,561 4,978 417 1,119 1,269 1,161 1,428 1,458 30 9 10 Portfolio investment income .................................................................... 304,984 311,619 6,635 75,721 78,387 80,014 77,497 81,702 4,205 10 11 Income on equity and investment fund shares .................................................. 197,747 204,783 7,036 48,946 51,373 53,349 51,115 55,961 4,846 11 12 Dividends on equity other than investment fund shares ...................................... 174,705 179,655 4,950 43,122 45,373 46,451 44,710 49,050 4,340 12 13 Income attributable to investment fund shareholders ........................................ 23,042 25,128 2,086 5,825 6,000 6,898 6,405 6,911 506 13 14 Interest on debt securities .................................................................. 107,236 106,836 -400 26,775 27,014 26,665 26,382 25,741 -641 14 15 Short term ................................................................................. 717 949 232 191 189 243 326 589 263 15 16 Long term .................................................................................. 106,520 105,887 -633 26,584 26,825 26,422 26,056 25,152 -904 16 17 Other investment income ........................................................................ 31,457 31,515 58 7,308 7,880 8,227 8,101 9,004 903 17 18 Interest 1 ................................................................................... 20,380 21,833 1,453 4,907 5,469 5,801 5,656 6,540 884 18 19 Income attributable to insurance policyholders ............................................... 11,077 9,683 -1,394 2,401 2,411 2,426 2,445 2,465 20 19 20 Reserve asset income ........................................................................... 302 214 -88 40 59 53 61 28 -33 20 21 Interest ..................................................................................... 302 214 -88 40 59 53 61 28 -33 21 22 Compensation of employees ........................................................................ 6,684 7,069 385 1,738 1,764 1,782 1,785 1,799 14 22 23 Primary income payments (table 1, line 52) ......................................................... 597,802 600,531 2,729 146,365 154,288 154,903 144,974 156,764 11,790 23 24 Investment income ................................................................................ 580,871 582,466 1,595 142,013 149,835 150,301 140,316 151,946 11,630 24 25 Direct investment income ....................................................................... 189,375 167,103 -22,272 39,798 45,754 45,387 36,165 43,126 6,961 25 26 Income on equity ............................................................................. 154,281 129,003 -25,278 30,483 35,938 35,467 27,115 32,522 5,407 26 27 Dividends and withdrawals .................................................................. 56,860 46,250 -10,610 10,925 10,595 12,382 12,347 11,567 -780 27 28 Reinvested earnings ........................................................................ 97,420 82,753 -14,667 19,558 25,342 23,085 14,768 20,955 6,187 28 29 Interest ..................................................................................... 35,095 38,101 3,006 9,315 9,816 9,921 9,049 10,604 1,555 29 30 U.S. affiliates' payments .................................................................. 29,710 32,192 2,482 7,946 8,344 8,422 7,480 8,984 1,504 30 31 U.S. parents' payments ..................................................................... 5,385 5,909 524 1,368 1,472 1,499 1,569 1,619 50 31 32 Portfolio investment income .................................................................... 377,521 400,396 22,875 98,849 100,471 101,101 99,975 103,031 3,056 32 33 Income on equity and investment fund shares .................................................. 126,289 136,818 10,529 34,765 34,642 34,768 32,643 36,128 3,485 33 34 Dividends on equity other than investment fund shares ...................................... 100,259 107,965 7,706 27,533 27,211 27,380 25,840 28,494 2,654 34 35 Income attributable to investment fund shareholders ........................................ 26,030 28,853 2,823 7,231 7,431 7,388 6,803 7,634 831 35 36 Interest on debt securities .................................................................. 251,232 263,578 12,346 64,085 65,829 66,333 67,332 66,903 -429 36 37 Short term ................................................................................. 713 1,324 611 215 239 322 548 859 311 37 38 Long term .................................................................................. 250,520 262,254 11,734 63,870 65,590 66,011 66,783 66,044 -739 38 39 Other investment income ........................................................................ 13,974 14,967 993 3,366 3,611 3,813 4,177 5,790 1,613 39 40 Interest 1 ................................................................................... 11,038 12,302 1,264 2,717 2,953 3,142 3,490 5,085 1,595 40 41 Income attributable to insurance policyholders ............................................... 2,936 2,665 -271 649 658 671 687 704 17 41 42 Compensation of employees ........................................................................ 16,931 18,065 1,134 4,352 4,453 4,602 4,658 4,818 160 42 43 Balance on primary income (line 1 less line 23) .................................................... 224,005 182,385 -41,620 48,351 45,071 41,848 47,115 37,498 -9,617 43 p Preliminary r Revised n.a. Not available (*) Transactions are between zero and +/- $500,000 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 June 16, 2016 Table 5. U.S. International Transactions in Secondary Income [Millions of dollars] Line 2014 r 2015 r Change: Seasonally adjusted Change: 2014 to 2015 2016 2015:IV to 2015 I r II r III r IV r I p 2016:I 1 Secondary income (current transfer) receipts (table 1, line 30) .................................... 140,373 128,614 -11,759 32,200 33,669 30,852 31,893 31,852 -41 1 2 U.S. government transfers 1 .................................................................... 38,627 29,120 -9,507 7,219 9,082 6,232 6,588 6,888 300 2 3 Private transfers 2 ............................................................................ 101,746 99,494 -2,252 24,981 24,587 24,620 25,305 24,964 -341 3 4 Secondary income (current transfer) payments (table 1, line 58) .................................... 266,261 273,602 7,341 68,587 66,616 70,195 68,205 72,149 3,944 4 5 U.S. government transfers ...................................................................... 53,211 52,735 -476 14,614 11,944 14,068 12,109 15,086 2,977 5 6 U.S. government grants 3 ................................................................... 43,248 42,678 -570 12,132 9,429 11,545 9,572 11,207 1,635 6 7 U.S. government pensions and other transfers 4 ............................................. 9,963 10,057 94 2,482 2,515 2,523 2,537 3,879 1,342 7 8 Private transfers .............................................................................. 213,050 220,867 7,817 53,972 54,672 56,127 56,096 57,063 967 8 9 Personal transfers 5 ....................................................................... 41,822 43,319 1,497 10,685 10,771 10,873 10,990 11,123 133 9 10 Other current transfers 6 .................................................................. 171,228 177,548 6,320 43,287 43,901 45,254 45,106 45,940 834 10 11 Balance on secondary income (line 1 less line 4) ................................................... -125,888 -144,988 -19,100 -36,386 -32,947 -39,343 -36,312 -40,297 -3,985 11 p Preliminary r Revised n.a. Not available (*) Transactions are between zero and +/- $500,000 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 June 16, 2016 Table 6. U.S. International Financial Transactions for Direct Investment [Millions of dollars] Line 2014 r 2015 r Change: Seasonally adjusted Change: 2014 to 2015 2016 2015:IV to 2015 I r II r III r IV r I p 2016:I   Acquisition of assets / transactions for outward investment         1Net U.S. acquisition of direct investment assets, asset/liability basis (table 1, line 62) 1 ....... 343,441 348,646 5,205 86,576 114,779 51,322 95,969 92,901 -3,068 1 2 Equity ........................................................................................... 340,942 316,346 -24,596 81,311 81,904 79,509 73,622 81,055 7,433 2 3 Equity other than reinvestment of earnings ..................................................... 6,476 11,991 5,515 2,338 4,079 5,994 -419 7,494 7,913 3 4 Reinvestment of earnings ....................................................................... 334,466 304,355 -30,111 78,973 77,826 73,515 74,041 73,561 -480 4 5 Debt instruments ................................................................................. 2,499 32,300 29,801 5,265 32,875 -28,186 22,347 11,845 -10,502 5 6 U.S. parents' claims ........................................................................... -13,898 22,855 36,753 9,511 18,819 -25,518 20,043 10,158 -9,885 6 7 U.S. affiliates' claims ........................................................................ 16,396 9,445 -6,951 -4,246 14,056 -2,669 2,304 1,687 -617 7 8Less: Adjustments to convert to directional basis .................................................. 31,152 26,152 -5,000 -6,041 28,821 6,620 -3,248 1,620 4,868 8 9 U.S. parents' liabilities ........................................................................ 14,756 16,707 1,951 -1,795 14,765 9,288 -5,552 -67 5,485 9 10 U.S. affiliates' claims .......................................................................... 16,396 9,445 -6,951 -4,246 14,056 -2,669 2,304 1,687 -617 10 11Equals: Financial transactions for outward direct investment (U.S. direct investment abroad), direct 312,289 322,494 10,205 92,616 85,958 44,703 99,217 91,281 -7,936 11 12 Equity ........................................................................................... 340,942 316,346 -24,596 81,311 81,904 79,509 73,622 81,055 7,433 12 13 Equity other than reinvestment of earnings (line 14 less line 15) .............................. 6,476 11,991 5,515 2,338 4,079 5,994 -419 7,494 7,913 13 14 Increases .................................................................................... 91,870 65,968 -25,902 15,493 18,540 16,913 15,022 13,828 -1,194 14 15 Decreases .................................................................................... 85,394 53,977 -31,417 13,155 14,462 10,919 15,441 6,334 -9,107 15 16 Reinvestment of earnings ....................................................................... 334,466 304,355 -30,111 78,973 77,826 73,515 74,041 73,561 -480 16 17 Reinvestment of earnings without current-cost adjustment ..................................... 314,460 285,038 -29,422 74,100 72,991 68,705 69,242 68,741 -501 17 18 Current-cost adjustment ...................................................................... 20,006 19,317 -689 4,873 4,835 4,810 4,799 4,820 21 18 19 Debt instruments (line 20 less line 21) .......................................................... -28,653 6,148 34,801 11,306 4,054 -34,806 25,595 10,226 -15,369 19 20 U.S. parents' claims ........................................................................... -13,898 22,855 36,753 9,511 18,819 -25,518 20,043 10,158 -9,885 20 21 U.S. parents' liabilities ...................................................................... 14,756 16,707 1,951 -1,795 14,765 9,288 -5,552 -67 5,485 21 22Financial transactions without current-cost adjustment for outward direct investment, directional ba 292,283 303,177 10,894 87,743 81,123 39,893 94,418 86,461 -7,957 22 23 Manufacturing .................................................................................. 56,364 49,294 -7,070 10,401 10,259 27,014 1,620 9,567 7,947 23 24 Wholesale trade ................................................................................ 11,013 11,444 431 2,554 2,560 3,851 2,480 4,353 1,873 24 25 Finance (including depository institutions) and insurance ...................................... -7,791 17,098 24,889 14,496 15,701 -46,391 33,292 4,251 -29,041 25 26 Holding companies except bank holding companies ................................................ 164,022 167,068 3,046 46,285 39,787 43,118 37,877 49,559 11,682 26 27 Other .......................................................................................... 68,675 58,274 -10,401 14,006 12,817 12,301 19,150 18,731 -419 27 28 Equity other than reinvestment of earnings ....................................................... 6,476 11,991 5,515 2,338 4,079 5,994 -419 7,494 7,913 28 29 Manufacturing .................................................................................. 10,630 2,248 -8,382 563 851 1,191 -357 70 427 29 30 Wholesale trade ................................................................................ 747 1,450 703 32 3 (D) (D) 7 n.a. 30 31 Finance (including depository institutions) and insurance ...................................... 484 -5,688 -6,172 -4,457 2,481 -1,618 -2,093 984 3,077 31 32 Holding companies except bank holding companies ................................................ -12,396 10,237 22,633 1,731 4,911 2,974 622 4,371 3,749 32 33 Other .......................................................................................... 7,012 3,743 -3,269 4,469 -4,166 (D) (D) 2,062 n.a. 33 34 Reinvestment of earnings without current-cost adjustment ......................................... 314,460 285,038 -29,422 74,100 72,991 68,705 69,242 68,741 -501 34 35 Manufacturing .................................................................................. 45,784 48,729 2,945 11,925 12,827 12,098 11,879 10,694 -1,185 35 36 Wholesale trade ................................................................................ 18,864 14,100 -4,764 3,064 3,527 (D) (D) 3,939 n.a. 36 37 Finance (including depository institutions) and insurance ...................................... 18,230 18,511 281 6,991 6,030 612 4,878 2,781 -2,097 37 38 Holding companies except bank holding companies ................................................ 170,715 151,121 -19,594 39,885 37,143 38,770 35,323 38,433 3,110 38 39 Other .......................................................................................... 60,866 52,577 -8,289 12,235 13,463 (D) (D) 12,895 n.a. 39 40 Debt instruments ................................................................................. -28,653 6,148 34,801 11,306 4,054 -34,806 25,595 10,226 -15,369 40 41 Manufacturing .................................................................................. -50 -1,683 -1,633 -2,086 -3,419 13,725 -9,903 -1,197 8,706 41 42 Wholesale trade ................................................................................ -8,598 -4,106 4,492 -542 -970 -1,697 -897 407 1,304 42 43 Finance (including depository institutions) and insurance ...................................... -26,506 4,275 30,781 11,962 7,190 -45,384 30,507 486 -30,021 43 44 Holding companies except bank holding companies ................................................ 5,704 5,709 5 4,669 -2,267 1,375 1,932 6,755 4,823 44 45 Other .......................................................................................... 797 1,953 1,156 -2,698 3,521 -2,825 3,955 3,774 -181 45 46Net U.S. incurrence of direct investment liabilities, asset/liability basis (table 1, line 85) 1 ……… 207,368 379,435 172,067 194,067 108,005 50,590 26,773 79,900 53,127 46 47 Equity ........................................................................................... 112,000 301,108 189,108 160,334 59,370 40,520 40,884 66,964 26,080 47 48 Equity other than reinvestment of earnings ..................................................... 14,580 218,355 203,775 140,776 34,027 17,436 26,116 46,008 19,892 48 49 Reinvestment of earnings ....................................................................... 97,420 82,753 -14,667 19,558 25,342 23,085 14,768 20,955 6,187 49 50 Debt instruments ................................................................................. 95,368 78,327 -17,041 33,733 48,635 10,069 -14,111 12,937 27,048 50 51 U.S. affiliates' liabilities ................................................................... 80,613 61,620 -18,993 35,528 33,870 781 -8,559 13,004 21,563 51 52 U.S. parents' liabilities ...................................................................... 14,756 16,707 1,951 -1,795 14,765 9,288 -5,552 -67 5,485 52 53Less: Adjustments to convert to directional basis .................................................. 31,152 26,152 -5,000 -6,041 28,821 6,620 -3,248 1,620 4,868 53 54 U.S. parents' liabilities ........................................................................ 14,756 16,707 1,951 -1,795 14,765 9,288 -5,552 -67 5,485 54 55 U.S. affiliates' claims .......................................................................... 16,396 9,445 -6,951 -4,246 14,056 -2,669 2,304 1,687 -617 55 56Equals: Financial transactions for inward direct investment (foreign direct investment in the United 176,216 353,283 177,067 200,108 79,184 43,970 30,021 78,281 48,260 56 57 Equity ........................................................................................... 112,000 301,108 189,108 160,334 59,370 40,520 40,884 66,964 26,080 57 58 Equity other than reinvestment of earnings (line 59 less line 60) .............................. 14,580 218,355 203,775 140,776 34,027 17,436 26,116 46,008 19,892 58 59 Increases .................................................................................... 194,936 252,664 57,728 151,064 37,422 30,333 33,845 48,279 14,434 59 60 Decreases .................................................................................... 180,356 34,310 -146,046 10,289 3,394 12,898 7,729 2,271 -5,458 60 61 Reinvestment of earnings ....................................................................... 97,420 82,753 -14,667 19,558 25,342 23,085 14,768 20,955 6,187 61 62 Reinvestment of earnings without current-cost adjustment ..................................... 92,805 77,872 -14,933 18,357 24,125 21,856 13,534 19,731 6,197 62 63 Current-cost adjustment ...................................................................... 4,615 4,881 266 1,201 1,217 1,229 1,234 1,224 -10 63 64 Debt instruments (line 65 less line 66) .......................................................... 64,216 52,175 -12,041 39,774 19,815 3,450 -10,863 11,317 22,180 64 65 U.S. affiliates' liabilities ................................................................... 80,613 61,620 -18,993 35,528 33,870 781 -8,559 13,004 21,563 65 66 U.S. affiliates' claims ........................................................................ 16,396 9,445 -6,951 -4,246 14,056 -2,669 2,304 1,687 -617 66 67Financial transactions without current-cost adjustment for inward direct investment, directional bas 171,601 348,402 176,801 198,907 77,967 42,741 28,787 77,057 48,270 67 68 Manufacturing .................................................................................. 148,896 243,133 94,237 180,141 41,080 23,560 -1,648 27,738 29,386 68 69 Wholesale trade ................................................................................ 25,863 20,229 -5,634 2,591 2,748 5,202 9,688 -406 -10,094 69 70 Finance (including depository institutions) and insurance ...................................... 20,963 30,739 9,776 8,215 6,582 2,962 12,981 42,330 29,349 70 71 Other .......................................................................................... -24,121 54,301 78,422 7,959 27,558 11,018 7,766 7,395 -371 71 72 Equity other than reinvestment of earnings ....................................................... 14,580 218,355 203,775 140,776 34,027 17,436 26,116 46,008 19,892 72 73 Manufacturing .................................................................................. 67,642 157,250 89,608 128,213 11,962 9,094 7,981 15,136 7,155 73 74 Wholesale trade ................................................................................ 17,239 20,273 3,034 7,031 4,246 (D) (D) 567 n.a. 74 75 Finance (including depository institutions) and insurance ...................................... 682 17,323 16,641 2,392 4,039 -2,635 13,528 24,179 10,651 75 76 Other .......................................................................................... -70,984 23,509 94,493 3,141 13,781 (D) (D) 6,127 n.a. 76 77 Reinvestment of earnings without current-cost adjustment ......................................... 92,805 77,872 -14,933 18,357 24,125 21,856 13,534 19,731 6,197 77 78 Manufacturing .................................................................................. 42,642 32,445 -10,197 8,302 10,152 11,848 2,142 10,384 8,242 78 79 Wholesale trade ................................................................................ 8,780 11,558 2,778 3,407 3,085 (D) (D) 2,285 n.a. 79 80 Finance (including depository institutions) and insurance ...................................... 16,285 15,815 -470 4,458 3,781 3,552 4,025 (D) n.a. 80 81 Other .......................................................................................... 25,099 18,053 -7,046 2,190 7,108 (D) (D) (D) n.a. 81 82 Debt instruments ................................................................................. 64,216 52,175 -12,041 39,774 19,815 3,450 -10,863 11,317 22,180 82 83 Manufacturing .................................................................................. 38,612 53,438 14,826 43,626 18,965 2,618 -11,771 2,219 13,990 83 84 Wholesale trade ................................................................................ -156 -11,603 -11,447 -7,847 -4,583 -2,233 3,060 -3,258 -6,318 84 85 Finance (including depository institutions) and insurance ...................................... 3,996 -2,398 -6,394 1,366 -1,238 2,045 -4,572 (D) n.a. 85 86 Other .......................................................................................... 21,764 12,738 -9,026 2,628 6,670 1,020 2,420 (D) n.a. 86 p Preliminary r Revised n.a. Not available (*) Transactions are between zero and +/- $500,000 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 June 16, 2016 Table 7. U.S. International Financial Transactions for Portfolio Investment [Millions of dollars] Line 2014 r 2015 r Change: Not seasonally adjusted Change: 2014 to 2015 2016 2015:IV to 2015 I r II r III r IV r I p 2016:I Assets and liabilities by instrument 1Net U.S. acquisition of portfolio investment assets (table 1, line 65) ............................. 582,688 153,968 -428,720 233,068 140,675 -97,468 -122,306 -61,622 60,684 1 By type of foreign security: 2 Equity and investment fund shares .............................................................. 431,625 202,574 -229,051 197,183 113,691 -54,115 -54,186 -82,879 -28,693 2 3 Equity other than investment fund shares ..................................................... 380,975 179,616 -201,359 173,718 100,412 -47,118 -47,396 -72,643 -25,247 3 4 Investment fund shares ....................................................................... 50,651 22,957 -27,694 23,465 13,279 -6,997 -6,789 -10,236 -3,447 4 5 Debt securities ................................................................................ 151,063 -48,606 -199,669 35,885 26,983 -43,354 -68,121 21,256 89,377 5 6 Short term ................................................................................... 11,389 42,484 31,095 27,562 22,795 12,690 -20,563 46,063 66,626 6 7 Negotiable certificates of deposit ......................................................... -10,989 -4,947 6,042 2,290 2,835 -3,626 -6,447 22,392 28,839 7 8 Commercial paper ........................................................................... 8,928 54,638 45,710 28,065 27,194 19,152 -19,772 20,223 39,995 8 9 Other short-term securities ................................................................ 13,450 -7,207 -20,657 -2,793 -7,234 -2,836 5,656 3,449 -2,207 9 10 Long term .................................................................................... 139,674 -91,090 -230,764 8,323 4,188 -56,044 -47,558 -24,807 22,751 10 11 Government securities ...................................................................... 40,969 -24,958 -65,927 2,356 1,171 -15,440 -13,045 -7,107 5,938 11 12 Corporate bonds and notes .................................................................. 99,505 -65,664 -165,169 5,750 2,749 -40,261 -33,903 -19,817 14,086 12 13 Negotiable certificates of deposit ......................................................... -800 -468 332 217 268 -343 -610 2,117 2,727 13 14Net U.S. incurrence of portfolio investment liabilities (table 1, line 88) ......................... 701,861 250,936 -450,925 102,922 256,154 -126,250 18,109 -14,823 -32,932 14 By type of U.S. security acquired by foreign residents: 15 Equity and investment fund shares .............................................................. 154,311 -178,266 -332,577 31,104 -22,605 -33,301 -153,464 -80,002 73,462 15 16 Equity other than investment fund shares ..................................................... 122,107 -140,829 -262,936 24,634 -17,757 -26,224 -121,482 -63,098 58,384 16 17 Investment fund shares ....................................................................... 32,204 -37,438 -69,642 6,470 -4,849 -7,076 -31,982 -16,904 15,078 17 18 Debt securities ................................................................................ 547,550 429,202 -118,348 71,819 278,759 -92,949 171,573 65,179 -106,394 18 19 Short term ................................................................................... 22,329 45,783 23,454 37,005 -5,818 -51,361 65,957 -10,464 -76,421 19 20 Treasury bills and certificates ............................................................ -13,891 53,069 66,960 30,654 -1,012 -34,134 57,561 217 -57,344 20 21 Federally sponsored agency securities ...................................................... 15,055 -271 -15,326 -1,241 9,259 -7,170 -1,119 -7,243 -6,124 21 22 Negotiable certificates of deposit ......................................................... 13,482 -4,526 -18,008 -4,010 -8,188 1,667 6,006 -255 -6,261 22 23 Commercial paper and other securities ...................................................... 7,683 -2,489 -10,172 11,602 -5,876 -11,723 3,509 -3,183 -6,692 23 24 Long term .................................................................................... 525,221 383,419 -141,802 34,814 284,577 -41,588 105,616 75,643 -29,973 24 25 Treasury bonds and notes ................................................................... 332,434 -4,760 -337,194 -65,641 78,088 -78,274 61,067 17,525 -43,542 25 26 State and local government securities ...................................................... 4,328 6,911 2,583 2,261 2,969 580 1,101 577 -524 26 27 Federally sponsored agency securities ...................................................... -23,167 22,342 45,509 -11,949 46,561 5,056 -17,327 25,914 43,241 27 28 Corporate bonds and notes .................................................................. 209,584 359,686 150,102 110,813 158,370 30,763 59,740 31,670 -28,070 28 29 Negotiable certificates of deposit ......................................................... 2,044 -760 -2,804 -671 -1,410 287 1,034 -44 -1,078 29 Assets by sector of U.S. holder 30Net U.S. acquisition of portfolio investment assets (line 1) ....................................... 582,688 153,968 -428,720 233,068 140,675 -97,468 -122,306 -61,622 60,684 30 31 Deposit-taking institutions except central bank .................................................. 3,690 -6,955 -10,645 3,273 573 -6,055 -4,746 -3,489 1,257 31 32 Equity and investment fund shares .............................................................. 7,399 3,091 -4,308 3,056 1,637 -795 -807 -1,484 -677 32 33 Debt securities ................................................................................ -3,709 -10,046 -6,337 217 -1,064 -5,260 -3,939 -2,006 1,933 33 34 Short term ................................................................................... -13,719 -1,971 11,748 -638 -1,639 -355 661 -1,654 -2,315 34 35 Long term .................................................................................... 10,011 -8,075 -18,086 855 575 -4,905 -4,600 -352 4,248 35 36 Other financial institutions ..................................................................... 505,657 147,892 -357,765 204,919 126,029 -77,815 -105,241 -44,852 60,389 36 37 Equity and investment fund shares .............................................................. 370,192 175,051 -195,141 170,287 98,286 -46,728 -46,795 -71,558 -24,763 37 38 Debt securities ................................................................................ 135,465 -27,158 -162,623 34,632 27,743 -31,087 -58,447 26,706 85,153 38 39 Short term ................................................................................... 25,090 44,695 19,605 28,197 24,617 13,117 -21,236 47,761 68,997 39 40 Long term .................................................................................... 110,375 -71,854 -182,229 6,435 3,126 -44,204 -37,211 -21,055 16,156 40 41 Nonfinancial institutions except general government .............................................. 73,340 13,031 -60,309 24,875 14,073 -13,598 -12,318 -13,281 -963 41 42 Equity and investment fund shares .............................................................. 54,034 24,433 -29,601 23,839 13,768 -6,591 -6,584 -9,838 -3,254 42 43 Debt securities ................................................................................ 19,307 -11,401 -30,708 1,036 305 -7,007 -5,735 -3,444 2,291 43 44 Short term ................................................................................... 18 -240 -258 3 -182 -72 12 -43 -55 44 45 Long term .................................................................................... 19,289 -11,161 -30,450 1,033 487 -6,935 -5,746 -3,401 2,345 45 Liabilities by sector of U.S. issuer 46Net U.S. incurrence of portfolio investment liabilities (line 14) .................................. 701,861 250,936 -450,925 102,922 256,154 -126,250 18,109 -14,823 -32,932 46 47 Deposit-taking institutions except central bank .................................................. 50,257 23,359 -26,898 6,076 8,030 2,237 7,016 -495 -7,511 47 48 Equity and investment fund shares .............................................................. 8,362 -8,616 -16,978 1,505 -1,169 -1,602 -7,351 -3,576 3,775 48 49 Debt securities ................................................................................ 41,895 31,974 -9,921 4,570 9,199 3,839 14,367 3,081 -11,286 49 50 Short term ................................................................................... 18,942 -3,243 -22,185 -5,862 -5,450 568 7,502 19 -7,483 50 51 Long term .................................................................................... 22,953 35,217 12,264 10,433 14,649 3,271 6,865 3,063 -3,802 51 52 Other financial institutions ..................................................................... 107,113 107,479 366 47,971 101,123 -5,185 -36,429 7,654 44,083 52 53 Equity and investment fund shares .............................................................. 37,700 -49,659 -87,359 8,019 -6,192 -9,268 -42,218 -22,089 20,129 53 54 Debt securities ................................................................................ 69,413 157,138 87,725 39,952 107,314 4,083 5,789 29,743 23,954 54 55 Federally sponsored agency securities ........................................................ -8,113 22,070 30,183 -13,190 55,819 -2,114 -18,445 18,671 37,116 55 56 Short term ................................................................................. 15,055 -271 -15,326 -1,241 9,259 -7,170 -1,119 -7,243 -6,124 56 57 Long term .................................................................................. -23,167 22,342 45,509 -11,949 46,561 5,056 -17,327 25,914 43,241 57 58 Other securities ............................................................................. 77,526 135,068 57,542 53,142 51,495 6,197 24,234 11,072 -13,162 58 59 Short term ................................................................................. -2,648 -2,982 -334 10,889 -9,478 -5,795 1,402 -792 -2,194 59 60 Long term .................................................................................. 80,174 138,049 57,875 42,253 60,973 11,991 22,833 11,864 -10,969 60 61 Nonfinancial institutions except general government .............................................. 221,620 64,878 -156,742 81,602 66,957 -11,473 -72,207 -40,302 31,905 61 62 Equity and investment fund shares .............................................................. 108,249 -119,992 -228,241 21,580 -15,245 -22,431 -103,895 -54,337 49,558 62 63 Debt securities ................................................................................ 113,372 184,870 71,498 60,022 82,202 10,958 31,687 14,035 -17,652 63 64 Short term ................................................................................... 4,872 -790 -5,662 2,565 863 -4,829 611 -2,665 -3,276 64 65 Long term .................................................................................... 108,500 185,660 77,160 57,457 81,339 15,787 31,077 16,700 -14,377 65 66 General government ............................................................................... 322,870 55,220 -267,650 -32,725 80,044 -111,828 119,729 18,319 -101,410 66 67 Debt securities ................................................................................ 322,870 55,220 -267,650 -32,725 80,044 -111,828 119,729 18,319 -101,410 67 68 U.S. Treasury securities ..................................................................... 318,543 48,309 -270,234 -34,987 77,076 -112,408 118,628 17,742 -100,886 68 69 Short term ................................................................................. -13,891 53,069 66,960 30,654 -1,012 -34,134 57,561 217 -57,344 69 70 Long term .................................................................................. 332,434 -4,760 -337,194 -65,641 78,088 -78,274 61,067 17,525 -43,542 70 71 State and local government long-term securities .............................................. 4,328 6,911 2,583 2,261 2,969 580 1,101 577 -524 71 p Preliminary r Revised n.a. Not available (*) Transactions are between zero and +/- $500,000 Notes: Details may not add to totals because of rounding. Source: U. S. Bureau of Economic Analysis June 16, 2016 Table 8. U.S. International Financial Transactions for Other Investment 1 [Millions of dollars] Line 2014 r 2015 r Change: Not seasonally adjusted Change: 2014 to 2015 2016 2015:IV to 2015 I r II r III r IV r I p 2016:I Assets and liabilities by instrument 1Net U.S. acquisition of other investment assets (table 1, line 70) ................................. -99,203 -270,924 -171,721 42,077 -150,455 -37,412 -125,134 36,716 161,850 1 By type of claim on foreign residents: 2 Currency and deposits .......................................................................... -160,433 -194,429 -33,996 -7,436 -70,144 -66,480 -50,368 63,520 113,888 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 -7,436 -70,144 -66,480 -50,368 63,520 113,888 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 50,580 -79,588 28,173 -73,938 -29,898 44,040 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 -1,066 -723 895 -828 3,094 3,922 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 14Net U.S. incurrence of other investment liabilities (table 1, line 93) ............................. 147,145 -235,137 -382,282 51,015 -158,723 35,775 -163,204 50,411 213,615 14 By type of liability to foreign residents: 15 Currency and deposits .......................................................................... 59,579 33,406 -26,173 559 -1,720 10,946 23,621 -42,416 -66,037 15 16 Currency (short term) ........................................................................ 66,265 38,370 -27,895 11,508 -624 13,364 14,122 12,578 -1,544 16 17 Deposits ..................................................................................... -6,686 -4,964 1,722 -10,949 -1,096 -2,418 9,499 -54,994 -64,493 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 46,254 -162,179 19,479 -186,267 88,431 274,698 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 4,202 5,175 5,351 -559 4,396 4,955 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 28Net U.S. acquisition of other investment assets (line 1) ........................................... -99,203 -270,924 -171,721 42,077 -150,455 -37,412 -125,134 36,716 161,850 28 29 Central bank ..................................................................................... 1,256 -531 -1,787 -718 -175 46 316 -851 -1,167 29 30 Currency and deposits .......................................................................... 1,256 -531 -1,787 -718 -175 46 316 -851 -1,167 30 31 Deposits ..................................................................................... 1,256 -531 -1,787 -718 -175 46 316 -851 -1,167 31 32 Short term ................................................................................. 1,256 -531 -1,787 -718 -175 46 316 -851 -1,167 32 33 Deposit-taking institutions except central bank .................................................. -9,271 -7,568 1,703 -4,838 -30,046 -19,042 46,359 -21,161 -67,520 33 34 Of which: Interbank transactions ............................................................. -41,540 -44,721 -3,181 -24,856 -36,777 -32,894 49,806 -51,260 -101,066 34 35 Currency and deposits .......................................................................... -55,552 41,586 97,138 5,742 15,952 -4,035 23,927 59,203 35,276 35 36 Deposits ..................................................................................... -55,552 41,586 97,138 5,742 15,952 -4,035 23,927 59,203 35,276 36 37 Of which: Resale agreements .............................................................. 8,258 23,598 15,340 5,563 -402 19,332 -894 41,897 42,791 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 -10,580 -45,998 -15,007 22,432 -80,364 -102,796 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 45,215 -120,094 -19,307 -173,896 56,165 230,061 43 44 Currency and deposits .......................................................................... -106,137 -235,484 -129,347 -12,460 -85,921 -62,491 -74,611 5,168 79,779 44 45 Deposits ..................................................................................... -106,137 -235,484 -129,347 -12,460 -85,921 -62,491 -74,611 5,168 79,779 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 58,742 -33,450 42,289 -98,457 47,903 146,360 48 49 Of which: Resale agreements ................................................................ 7,727 51,283 43,556 62,451 -17,958 73,405 -66,616 25,498 92,114 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 -1,066 -723 895 -828 3,094 3,922 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 2,418 -140 891 2,087 2,563 476 56 57 Loans .......................................................................................... 5,458 5,256 -202 2,418 -140 891 2,087 2,563 476 57 58 Long term .................................................................................... 5,458 5,256 -202 2,418 -140 891 2,087 2,563 476 58 Liabilities by sector of U.S. issuer 59Net U.S. incurrence of other investment liabilities (line 14) ...................................... 147,145 -235,137 -382,282 51,015 -158,723 35,775 -163,204 50,411 213,615 59 60 Central bank ..................................................................................... 58,500 163,025 104,525 56,735 6,588 40,234 59,469 21,566 -37,903 60 61 Currency and deposits .......................................................................... 58,500 163,025 104,525 56,735 6,588 40,234 59,469 21,566 -37,903 61 62 Currency (short term) ........................................................................ 66,265 38,370 -27,895 11,508 -624 13,364 14,122 12,578 -1,544 62 63 Deposits ..................................................................................... -7,765 124,655 132,420 45,227 7,212 26,870 45,347 8,988 -36,359 63 64 Short term ................................................................................. -7,765 124,655 132,420 45,227 7,212 26,870 45,347 8,988 -36,359 64 65 Deposit-taking institutions except central bank .................................................. -78,457 -180,581 -102,124 -17,601 -59,979 -30,239 -72,762 -38,682 34,080 65 66 Of which: Interbank transactions ............................................................. -131,499 -131,582 -83 -37,726 -44,154 -3,496 -46,206 -68,455 -22,249 66 67 Currency and deposits .......................................................................... -65,036 -114,792 -49,756 -71,069 12,150 -40,292 -15,581 -76,452 -60,871 67 68 Deposits ..................................................................................... -65,036 -114,792 -49,756 -71,069 12,150 -40,292 -15,581 -76,452 -60,871 68 69 Of which: Repurchase agreements .......................................................... 40,785 -13,280 -54,065 -9,581 8,323 -14,354 2,332 11,582 9,250 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 53,468 -72,129 10,053 -57,182 37,770 94,952 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 9,648 -110,556 19,746 -151,798 63,231 215,029 75 76 Currency and deposits 2 ........................................................................ 66,115 -14,827 -80,942 14,894 -20,458 11,004 -20,266 12,470 32,736 76 77 Deposits ..................................................................................... 66,115 -14,827 -80,942 14,894 -20,458 11,004 -20,266 12,470 32,736 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 -7,215 -90,050 9,426 -129,085 50,661 179,746 80 81 Of which: Repurchase agreements ............................................................ 64,766 -130,111 -194,877 -1,512 -78,014 34,013 -84,598 26,263 110,861 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 1,969 -49 -684 -2,446 100 2,546 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 2,233 5,224 6,034 1,887 4,296 2,409 88 89 Trade credit and advances ...................................................................... 8,969 15,379 6,410 2,233 5,224 6,034 1,887 4,296 2,409 89 90 Long term .................................................................................... 8,969 15,379 6,410 2,233 5,224 6,034 1,887 4,296 2,409 90 91 Special drawing rights allocations ............................................................. 0 0 0 0 0 0 0 0 0 91 p Preliminary r Revised n.a. Not available (*) Transactions are between zero and +/- $500,000 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 June 16, 2016 Table 9. Revisions to U.S. International Transactions [Millions of dollars, quarters seasonally adjusted] Balance on Goods and Services Balance on Primary Income Balance on Secondary Income Balance on Current Account Balance on Capital Account Net Lending (+) or Net Borrowing (-) from financial account transactions Previously Revised Revision Previously Revised Revision Previously Revised Revision Previously Revised Revision Previously Revised Revision Previously Revised Revision published published published published published published Years 2007....... -705,375 -705,375 0 100,604 100,604 0 -113,872 -113,872 0 -718,643 -718,643 0 384 384 0 -617,251 -617,251 0 2008....... -708,726 -708,726 0 146,146 146,146 0 -128,209 -128,209 0 -690,789 -690,789 0 6,010 6,010 0 -730,572 -730,572 0 2009....... -383,774 -383,774 0 123,584 123,584 0 -123,833 -123,833 0 -384,023 -384,023 0 -140 -140 0 -230,962 -230,962 0 2010....... -494,658 -494,658 0 177,661 177,661 0 -124,964 -124,964 0 -441,961 -441,961 0 -157 -157 0 -436,972 -436,972 0 2011....... -548,625 -548,625 0 220,961 220,961 0 -132,690 -132,690 0 -460,354 -460,354 0 -1,186 -1,186 0 -515,759 -515,759 0 2012....... -536,773 -536,773 0 212,178 215,792 3,614 -125,075 -125,547 -472 -449,670 -446,527 3,143 6,904 6,904 0 -441,249 -440,540 709 2013....... -478,394 -461,876 16,518 224,543 218,970 -5,573 -122,910 -123,515 -605 -376,760 -366,422 10,338 -412 -412 0 -395,831 -390,987 4,844 2014....... -508,324 -490,176 18,148 237,984 224,005 -13,979 -119,185 -125,888 -6,703 -389,526 -392,060 -2,534 -45 -45 0 -239,648 -287,378 -47,730 2015....... -539,756 -500,361 39,395 191,323 182,385 -8,938 -135,645 -144,988 -9,343 -484,078 -462,965 21,113 -45 -42 3 -209,203 -195,227 13,976 Quarters 2007: I.... -177,931 -177,931 0 11,013 11,013 0 -32,175 -32,175 0 -199,093 -199,093 0 0 0 0 -254,176 -254,176 0 II......... -179,322 -179,322 0 16,384 16,384 0 -26,179 -26,179 0 -189,117 -189,117 0 443 443 0 -153,165 -153,165 0 III........ -174,713 -174,713 0 30,833 30,833 0 -27,074 -27,074 0 -170,954 -170,954 0 -57 -57 0 -85,852 -85,852 0 IV......... -173,409 -173,409 0 42,374 42,374 0 -28,447 -28,447 0 -159,481 -159,481 0 -2 -2 0 -124,058 -124,058 0 2008: I.... -185,551 -185,551 0 38,670 38,670 0 -36,206 -36,206 0 -183,087 -183,087 0 -8 -8 0 -209,950 -209,950 0 II......... -186,349 -186,349 0 39,734 39,734 0 -31,628 -31,628 0 -178,243 -178,243 0 -18 -18 0 -155,765 -155,765 0 III........ -189,449 -189,449 0 44,041 44,041 0 -31,505 -31,505 0 -176,913 -176,913 0 6,043 6,043 0 -180,677 -180,677 0 IV......... -147,376 -147,376 0 23,701 23,701 0 -28,872 -28,872 0 -152,547 -152,547 0 -7 -7 0 -184,180 -184,180 0 2009: I.... -94,771 -94,771 0 25,319 25,319 0 -28,780 -28,780 0 -98,232 -98,232 0 -20 -20 0 -13,453 -13,453 0 II......... -81,444 -81,444 0 24,366 24,366 0 -31,954 -31,954 0 -89,031 -89,031 0 -29 -29 0 -17,948 -17,948 0 III........ -98,547 -98,547 0 37,922 37,922 0 -33,506 -33,506 0 -94,131 -94,131 0 -36 -36 0 -37,032 -37,032 0 IV......... -109,012 -109,012 0 35,977 35,977 0 -29,595 -29,595 0 -102,630 -102,630 0 -56 -56 0 -162,530 -162,530 0 2010: I.... -117,954 -117,954 0 43,785 43,785 0 -34,043 -34,043 0 -108,212 -108,212 0 -3 -3 0 -76,790 -76,790 0 II......... -128,754 -128,754 0 44,232 44,232 0 -29,515 -29,515 0 -114,037 -114,037 0 -2 -2 0 -32,404 -32,404 0 III........ -129,376 -129,376 0 42,828 42,828 0 -31,296 -31,296 0 -117,844 -117,844 0 -146 -146 0 -235,953 -235,953 0 IV......... -118,575 -118,575 0 46,816 46,816 0 -30,110 -30,110 0 -101,868 -101,868 0 -7 -7 0 -91,825 -91,825 0 2011: I.... -134,319 -134,319 0 50,302 50,302 0 -34,223 -34,223 0 -118,240 -118,240 0 -29 -29 0 -206,609 -206,609 0 II......... -138,879 -138,879 0 51,219 51,219 0 -33,371 -33,371 0 -121,031 -121,031 0 -854 -854 0 -135,929 -135,929 0 III........ -133,962 -133,962 0 57,613 57,613 0 -32,060 -32,060 0 -108,409 -108,409 0 -300 -300 0 -162,945 -162,945 0 IV......... -141,466 -141,466 0 61,827 61,827 0 -33,036 -33,036 0 -112,675 -112,675 0 -3 -3 0 -10,276 -10,276 0 2012: I.... -144,771 -144,771 0 56,562 57,962 1,400 -33,328 -33,485 -157 -121,536 -120,294 1,242 -53 -53 0 -259,562 -257,781 1,781 II......... -136,685 -136,685 0 51,519 52,765 1,246 -32,798 -32,888 -90 -117,964 -116,808 1,156 -241 -241 0 -39,823 -51,360 -11,537 III........ -127,540 -127,540 0 52,862 52,954 92 -30,749 -30,836 -87 -105,427 -105,423 4 -470 -470 0 -1,500 839 2,339 IV......... -127,777 -127,777 0 51,235 52,112 877 -28,200 -28,338 -138 -104,742 -104,003 739 7,668 7,668 0 -140,364 -132,238 8,126 2013: I.... -121,867 -119,610 2,257 48,753 50,239 1,486 -29,605 -29,609 -4 -102,719 -98,980 3,739 -40 -40 0 -45,448 -44,521 927 II......... -121,256 -117,731 3,525 55,302 54,783 -519 -31,660 -31,885 -225 -97,615 -94,833 2,782 -227 -227 0 -27,649 -32,683 -5,034 III........ -122,154 -117,070 5,084 59,523 56,761 -2,762 -32,163 -32,416 -253 -94,794 -92,725 2,069 -146 -146 0 -136,247 -140,758 -4,511 IV......... -113,117 -107,466 5,651 60,965 57,187 -3,778 -29,482 -29,605 -123 -81,633 -79,883 1,750 (*) (*) (*) -186,486 -173,025 13,461 2014: I.... -125,418 -120,514 4,904 58,294 56,746 -1,548 -29,319 -30,887 -1,568 -96,443 -94,654 1,789 -43 -43 0 -114,068 -129,322 -15,254 II......... -128,712 -125,834 2,878 57,935 54,623 -3,312 -21,263 -22,849 -1,586 -92,039 -94,060 -2,021 -2 -2 0 -48,635 -68,218 -19,583 III........ -125,871 -119,415 6,456 61,730 59,325 -2,405 -33,764 -35,529 -1,765 -97,905 -95,619 2,286 -1 -1 0 -29,186 -65,993 -36,807 IV......... -128,323 -124,414 3,909 60,025 53,310 -6,715 -34,840 -36,623 -1,783 -103,138 -107,726 -4,588 (*) (*) (*) -47,759 -23,845 23,914 2015: I.... -134,327 -126,514 7,813 50,070 48,351 -1,719 -33,777 -36,386 -2,609 -118,035 -114,549 3,486 -24 -22 2 -59,912 -30,642 29,270 II......... -133,107 -124,028 9,079 53,111 45,071 -8,040 -30,802 -32,947 -2,145 -110,798 -111,904 -1,106 -20 -20 0 -60,388 -99,605 -39,217 III........ -138,575 -125,611 12,964 45,385 41,848 -3,537 -36,741 -39,343 -2,602 -129,930 -123,106 6,824 -1 -1 0 -59,527 -43,194 16,333 IV......... -133,746 -124,209 9,537 42,757 47,115 4,358 -34,326 -36,312 -1,986 -125,314 -113,406 11,908 0 0 0 -29,377 -21,786 7,591 (*) Transactions between zero and +/- $500,000 Note: Details may not add to totals because of rounding. Source: U.S. Bureau of Economic Analysis June 16, 2016