Bureau of Economic Analysis
Split U.S. International Trade in Goods and Services, August 2025 and Services Supplied Through Affiliates, 2023
U.S. International Trade in Goods and Services, August 2025
The U.S. goods and services trade deficit decreased in August 2025 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $78.2 billion in July (revised) to $59.6 billion in August, as exports increased and imports decreased. The goods deficit decreased $18.1 billion in August to $85.6 billion. The services surplus increased $0.5 billion in August to $26.1 billion.
Services Supplied Through Affiliates, 2023
For 2024, U.S. exports of services were $1,152.7 billion, and U.S. imports of services were $840.9 billion. For 2023—the latest year for which statistics are available—services supplied to foreign persons through foreign affiliates of U.S. multinational enterprises (MNEs) were $2,201.8 billion, and services supplied to U.S. persons through U.S. affiliates of foreign MNEs were $1,586.6 billion. Affiliates supplied most of the services provided to foreign persons by the United States and to U.S. persons by foreign markets in 2023.
Principal Federal Economic Indicators
Noteworthy
The Latest
Gross Domestic Product, Second Quarter 2024 (Advance Estimate)
Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the second quarter of 2024, according to the "advance" estimate. In the first quarter, real GDP increased 1.4 percent. The increase in the second quarter primarily reflected increases in consumer spending, inventory investment, and business investment. Imports, which are a subtraction in the calculation of GDP, increased.
Direct Investment by Country and Industry, 2023
The U.S. direct investment abroad position, or cumulative level of investment, increased $364.0 billion to $6.68 trillion at the end of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis. The increase reflected a $147.1 billion increase in the position in Europe (chart 1), primarily in Ireland, Switzerland, and the Netherlands. By industry, holding company affiliates had the largest increase.
Direct Investment by Country and Industry, 2023
The U.S. direct investment abroad position, or cumulative level of investment, increased $364.0 billion to $6.68 trillion at the end of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis. The increase reflected a $147.1 billion increase in the position in Europe (chart 1), primarily in Ireland, Switzerland, and the Netherlands. By industry, holding company affiliates had the largest increase. The foreign…
BEA Updates Regional Economic Impact Tool
BEA's economic modeling tool that helps users analyze how a proposed project would ripple through a region's economy is now updated with new benchmark data.
The Transformative Power of BEA’s Supply-Use Tables
A blog from BEA Director Vipin Arora
BEA’s supply-use tables may be the unsung hero of economic accounting.
For many, that description immediately brings to mind images of some well-known superhero sidekicks. Yet when I take a step back and think about the impact of supply-use tables, I am reminded of something else entirely: shipping containers.
New Foreign Direct Investment in the United States, 2023
Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $148.8 billion in 2023, down $57.4 billion, or 28 percent, from $206.2 billion in 2022.
New Foreign Direct Investment in the United States, 2023
Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $148.8 billion in 2023 (chart 1), according to preliminary statistics released today by the U.S. Bureau of Economic Analysis. Expenditures decreased $57.4 billion, or 28 percent, from $206.2 billion (revised) in 2022 and were below the annual average of $265.6 billion for 2014–2022. As in previous years, acquisitions of existing U.S. businesses…
May 2024 Trade Gap is $75.1 Billion
The U.S. goods and services trade deficit increased from $74.5 billion in April (revised) to $75.1 billion in May, as exports decreased more than imports. The goods deficit increased $0.9 billion to $100.2 billion, and the services surplus increased $0.3 billion to $25.1 billion.
U.S. International Trade in Goods and Services, May 2024
The U.S. goods and services trade deficit increased in May 2024 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $74.5 billion in April (revised) to $75.1 billion in May, as exports decreased more than imports. The goods deficit increased $0.9 billion in May to $100.2 billion. The services surplus increased $0.3 billion in May to $25.1 billion.
Corporate Profits: BEA’s Suite of Measures Are Essential Indicators
A blog from BEA Director Vipin Arora
Every year, usually in January, I feel absolutely committed to getting a better handle on my finances. All I want to understand—not just at the end of the year, but throughout the year—is exactly what is coming in, what is going out, and what I have left over. Yet I can never seem to calculate these “personal profits,” nor how far I am from the mythical financial goals I’m supposed to have. Maybe my…