EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, THURSDAY, SEPTEMBER 15, 2016 BEA 16-48 Technical: Christopher P. Steiner (301) 278-9492 Christopher.Steiner@bea.gov Media: Jeannine Aversa (301) 278-9003 Jeannine.Aversa@bea.gov U.S. International Transactions: Second Quarter 2016 Current Account Balance The U.S. current-account deficit decreased to $119.9 billion (preliminary) in the second quarter of 2016 from $131.8 billion (revised) in the first quarter of 2016, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit decreased to 2.6 percent of current-dollar gross domestic product (GDP) from 2.9 percent in the first quarter. The $12.0 billion decrease in the deficit reflected an $8.9 billion increase in the surplus on primary income to $42.9 billion, a $3.1 billion decrease in the deficit on secondary income to $37.6 billion, and a $0.4 billion increase in the surplus on services to $61.5 billion. These changes were partly offset by a $0.5 billion increase in the deficit on goods to $186.7 billion. Current Account Transactions (tables 1-5) Exports of goods and services and income receipts Exports of goods and services and income receipts increased $18.0 billion in the second quarter to $777.0 billion. * Primary income receipts increased $10.4 billion to $198.9 billion, primarily reflecting an increase in direct investment income. * Goods exports increased $6.1 billion to $360.2 billion, reflecting increases in industrial supplies and materials, primarily in petroleum and products, and foods, feeds, and beverages. A decrease in consumer goods except food and automotive partly offset these increases. Imports of goods and services and income payments Imports of goods and services and income payments increased $6.1 billion to $896.9 billion. * Goods imports increased $6.5 billion to $546.9 billion, reflecting increases in imports of industrial supplies and materials, largely in energy products, and capital goods except automotive. These increases were partly offset by a decrease in imports of consumer goods, except food and automotive, particularly other household goods, including cell phones. * Primary income payments increased $1.4 billion to $155.9 billion, reflecting an increase in direct investment income. * Secondary income payments decreased $2.4 billion to $69.8 billion, reflecting a decrease in U.S. government transfers, both in U.S. government grants and in U.S. government pensions and other transfers. Financial Account (tables 1, 6, 7, and 8) Net U.S. borrowing measured by financial-account transactions was $31.1 billion in the second quarter, a $14.3 billion decrease from net borrowing of $45.4 billion in the first quarter. An increase in net U.S. acquisition of financial assets excluding financial derivatives was mostly offset by an increase in net U.S. incurrence of liabilities excluding financial derivatives. Net transactions in financial derivatives other than reserves reflected more net lending in the second quarter than in the first quarter. Financial assets Net U.S. acquisition of financial assets excluding financial derivatives increased $233.8 billion to $293.7 billion. * Transactions in portfolio investment assets increased $167.3 billion to net U.S. acquisition of $109.9 billion, as a shift to net acquisition of equity and investment fund shares more than offset a shift to net sales of debt securities. * Net U.S. acquisition of direct investment assets increased $38.7 billion to $106.1 billion, largely reflecting an increase in net acquisition of equity. * Net U.S acquisition of other investment assets increased $26.5 billion to $77.5 billion, as a shift to net provision of loans to foreigners exceeded a shift to net withdrawal of U.S. residents’ deposits abroad (in currency and deposits). Liabilities Net U.S. incurrence of liabilities excluding financial derivatives increased $232.2 billion to $350.4 billion. * Net U.S. incurrence of other investment liabilities increased $143.9 billion to $192.0 billion, mostly reflecting a shift to net incurrence of deposit liabilities in currency and deposits. * Net U.S. incurrence of direct investment liabilities increased $68.3 billion to $159.6 billion, reflecting increases in net incurrence of both equity and debt instrument liabilities. Financial derivatives Transactions in financial derivatives other than reserves reflected second-quarter net lending of $25.6 billion, a $12.6 billion increase from the first quarter. Statistical Discrepancy (table 1) The statistical discrepancy increased $2.3 billion in the second quarter to $88.8 billion. * * * Revisions Revisions to First-Quarter 2016 International Transactions Accounts Aggregates [Billions of dollars, seasonally adjusted] Estimate Preliminary Revised Current-account balance -124.7 -131.8 Goods balance -186.4 -186.3 Services balance 64.6 61.1 Primary-income balance 37.5 34.0 Secondary-income balance -40.3 -40.6 Net lending from financial-account transactions -35.0 -45.4 Statistical discrepancy 89.6 86.5 * * * Next release: December 15, 2016 at 8:30 A.M. EST U.S. International Transactions, Third Quarter 2016 * * * ______________________________________________________________________________________________ Updated Statistics on U.S. International Services and New Geographic Detail BEA will release its most detailed annual statistics on trade in services in October. This year's release will include expanded geographic detail and statistics on information and communications technology (ICT) and potentially ICT-enabled services. For more information, see Updated Statistics on U.S. International Services and New Geographic Detail (www.bea.gov/international/international_services_statistics_2016.htm). ______________________________________________________________________________________________ Additional Information Resources * Stay informed about BEA developments by reading the BEA blog (blog.bea.gov), signing up for BEA’s email subscription service (www.bea.gov/_subscribe/index_vocus.htm), or following BEA on Twitter @BEA_News (twitter.com/BEA_News). * Historical time series for these estimates can be accessed in BEA’s Interactive Data Application (www.bea.gov/itable/index.cfm). * Access BEA data by registering for BEA’s Data Application Programming Interface (API) (www.bea.gov/API/signup/index.cfm). * For more on BEA’s statistics, see our monthly online journal, the Survey of Current Business (www.bea.gov/scb/index.htm). * BEA's news release schedule (www.bea.gov/newsreleases/2016rd.htm). * More information on these International Transactions statistics will be provided next month in the Survey of Current Business (www.bea.gov/scb/index.htm). * More information on the International Transactions Accounts and a description of the estimation methods used to compile them is provided in U.S. International Economic Accounts: Concepts and Methods (www.bea.gov/international/concepts_methods.htm). Definitions The current account consists of transactions between U.S. residents and nonresidents in goods, services, primary income, and secondary income. Goods are physical items with ownership rights that can be exchanged among institutional units through transactions. Services transactions consist of transactions arising from productive activities that change the condition of the consumer or that facilitate the exchange of products and financial assets. Primary income transactions include investment income and compensation of employees. Investment income is the return on holdings of financial assets and includes direct investment income, portfolio investment income, other investment income, and income on reserve assets. Compensation of employees is income for the contribution of labor inputs to the production process. Secondary income consists of current transfers between residents and nonresidents. Unlike an exchange, a transfer is a transaction in which a good, service, or asset is provided without a corresponding return of economic value. Secondary income receipts and payments include U.S. government and private transfers, such as U.S. government grants and pensions, fines and penalties, withholding taxes, personal transfers (remittances), insurance-related transfers, and other current transfers. The capital account consists of capital transfers between residents and nonresidents and the cross-border acquisition and disposal of nonproduced non-financial assets. Capital transfers include debt forgiveness and certain disaster-related nonlife insurance claims. Nonproduced nonfinancial assets include natural resources and contracts, leases, and licenses. Capital account transactions are distinguished from current account transactions in that capital account transactions result in a change in the assets of one or both parties to the transaction without affecting the income or savings of either party. The financial account consists of transactions between U.S. residents and nonresidents for direct investment, portfolio investment, other investment, reserves, and financial derivatives other than reserves. Direct investment is a category of cross-border investment associated with a resident in one economy having control or a significant degree of influence on the management of an enterprise resident in another economy. Ownership or control of 10 percent or more of the nonresident entity’s voting securities is the threshold for separating direct investment from other types of investment. Direct investment transactions include transactions in equity (including reinvestment of earnings) and debt instruments. Portfolio investment transactions consist of cross-border transactions involving equity and investment fund shares and debt securities, excluding those included in direct investment or reserve assets. Other investment is a residual category that includes cross-border financial instruments other than those included in direct investment, portfolio investment, financial derivatives, and reserve assets. Other investment transactions consist of transactions in currency and deposits, loans, insurance technical reserves, trade credit and advances, and, for liabilities, special drawing rights allocations. Reserve assets are those external assets that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes such as maintaining confidence in the currency and the economy and serving as a basis for foreign borrowing. The major published components are monetary gold, International Monetary Fund (IMF) special drawing rights (SDRs), reserve position in the IMF, and other reserve assets. Financial derivatives other than reserves consist of financial contracts that are linked to underlying financial instruments, commodities, or indicators. Transactions in financial derivatives consist of U.S. cash receipts and payments arising from the sale, purchase, periodic settlement, or final settlement of financial derivatives contracts. Transactions in financial derivatives are only available as a net value equal to transactions for assets less transactions for liabilities. A positive value represents net cash payments by U.S. residents to foreign residents from settlements of derivatives contracts (net lending) and a negative value represents net U.S. cash receipts (net borrowing). The statistical discrepancy is the difference between net acquisition of assets and net incurrence of liabilities in the financial account (including financial derivatives) less the difference between total credits and total debits recorded in the current and capital accounts. The statistical discrepancy can also be calculated as the difference between net lending (borrowing) measured from financial-account transactions and net lending (borrowing) measured from current- and capital-account transactions. The current-account balance is the difference between credits (exports and income receipts) and debits (imports and income payments) in the current account. The balance is a net measure of current-account transactions between the United States and the rest of the world. A positive balance indicates a current-account surplus. A negative balance indicates a current-account deficit. Net lending (borrowing) measures the balance of funds supplied to the rest of the world. Net lending means that, in net terms, the U.S. economy supplies funds to the rest of the world. Net borrowing means the opposite. Net lending (borrowing) can be measured by current- and capital account transactions or by financial-account transactions. Conceptually, the two measures are equal. In practice, the two measures differ by the statistical discrepancy. Release and revision cycle Preliminary quarterly International Transactions Accounts (ITA) statistics are released in March, June, September, and December approximately 75 days after the end of the reference quarter. These statistics are revised the following quarter to incorporate new source data. Quarterly statistics are open for revision for at least the prior three years in annual revisions released in June. Preliminary annual statistics are released in March along with statistics for the fourth quarter of the previous year. These annual statistics are open for revision for at least the three prior years in subsequent annual revisions. Related statistics The ITAs comprise one part of a broader set of U.S. international economic accounts that, taken together, provide a comprehensive, integrated, and detailed picture of U.S. international economic activities. The International Investment Position (IIP) Accounts (www.bea.gov/newsreleases/international/intinv/intinvnewsrelease.htm) are released quarterly. Financial transactions that are reported in the ITAs are one type of change in position recorded in the IIP Accounts. Statistics on direct investment and multinational enterprises (MNEs) (www.bea.gov/iTable/index_MNC.cfm) include annual statistics on the activities of MNEs, detailed annual and quarterly statistics on direct investment, and annual statistics on new investment in the United States. Statistics on International Services (www.bea.gov/iTable/iTableHtml.cfm?reqid=62&step=9&isuri=1&6210=4) that include detailed annual information on trade in services and on services supplied through the channel of direct investment by affiliates of MNEs are released annually. U.S. International Trade in Goods and Services (www.bea.gov/newsreleases/international/trade/tradnewsrelease.htm), released by BEA and the U.S. Census Bureau, provides monthly statistics on trade in goods and services. ______________________________________________________________________________________________ List of News Release Tables Table 1. U.S. International Transactions Table 2. U.S. International Trade in Goods Table 3. U.S. International Trade in Services Table 4. U.S. International Transactions in Primary Income Table 5. U.S. International Transactions in Secondary Income Table 6. U.S. International Financial Transactions for Direct Investment Table 7. U.S. International Financial Transactions for Portfolio Investment Table 8. U.S. International Financial Transactions for Other Investment September 15, 2016 Table 1. U.S. International Transactions [Millions of dollars] Line 2014 2015 Change: Seasonally adjusted Change: 2014 to 2015 2015 2015 2016 2016 2016:I to 2015 II III IV I r II p 2016:II   Current account 1 Exports of goods and services and income receipts (credits) ........................................ 3,338,757 3,172,693 -166,064 805,411 791,880 776,218 758,947 776,967 18,020 1 2 Exports of goods and services .................................................................... 2,376,577 2,261,163 -115,414 572,383 564,276 552,236 538,870 545,858 6,988 2 3 Goods .......................................................................................... 1,633,320 1,510,303 -123,017 383,935 377,157 365,275 354,143 360,208 6,065 3 4 General merchandise .......................................................................... 1,610,368 1,488,639 -121,729 379,072 371,021 360,173 349,838 356,130 6,292 4 5 Foods, feeds, and beverages ................................................................ 143,722 127,727 -15,995 32,741 32,121 30,049 28,858 31,148 2,290 5 6 Industrial supplies and materials .......................................................... 500,360 417,062 -83,298 109,896 103,427 95,873 92,204 96,301 4,097 6 7 Capital goods except automotive ............................................................ 551,720 539,700 -12,020 136,316 134,012 132,751 129,467 129,306 -161 7 8 Automotive vehicles, parts, and engines .................................................... 159,812 151,917 -7,895 38,000 38,620 37,664 37,547 37,696 149 8 9 Consumer goods except food and automotive .................................................. 197,990 197,285 -705 48,627 49,010 49,168 48,324 47,295 -1,029 9 10 Other general merchandise .................................................................. 56,763 54,948 -1,815 13,492 13,831 14,668 13,438 14,384 946 10 11 Net exports of goods under merchanting ....................................................... 299 259 -40 41 74 63 50 53 3 11 12 Nonmonetary gold ............................................................................. 22,654 21,405 -1,249 4,822 6,062 5,038 4,254 4,025 -229 12 13 Services ....................................................................................... 743,257 750,860 7,603 188,448 187,118 186,962 184,727 185,650 923 13 14 Maintenance and repair services n.i.e. ....................................................... 22,132 24,036 1,904 5,818 6,018 6,627 6,307 6,709 402 14 15 Transport .................................................................................... 90,701 87,221 -3,480 21,972 21,550 21,594 21,363 20,909 -454 15 16 Travel (for all purposes including education) /1/ ............................................ 191,325 204,523 13,198 51,406 51,712 51,569 51,420 51,497 77 16 17 Insurance services ........................................................................... 17,312 17,142 -170 4,184 4,237 4,492 4,244 4,381 137 17 18 Financial services ........................................................................... 107,712 102,461 -5,251 25,826 24,981 24,318 22,830 23,206 376 18 19 Charges for the use of intellectual property n.i.e. .......................................... 129,890 124,664 -5,226 31,525 31,252 30,739 30,317 29,999 -318 19 20 Telecommunications, computer, and information services ....................................... 35,044 35,895 851 8,889 9,062 9,168 9,408 9,523 115 20 21 Other business services ...................................................................... 128,817 134,648 5,831 33,715 32,936 33,654 34,374 34,402 28 21 22 Government goods and services n.i.e. ......................................................... 20,325 20,270 -55 5,112 5,369 4,800 4,464 5,024 560 22 23 Primary income receipts .......................................................................... 821,807 782,915 -38,892 199,359 196,752 192,089 188,488 198,860 10,372 23 24 Investment income .............................................................................. 815,123 775,846 -39,277 197,596 194,969 190,304 186,691 197,063 10,372 24 25 Direct investment income ..................................................................... 478,381 432,498 -45,883 111,269 106,676 104,645 95,964 106,247 10,283 25 26 Portfolio investment income .................................................................. 304,984 311,619 6,635 78,387 80,014 77,497 81,617 80,846 -771 26 27 Other investment income ...................................................................... 31,457 31,515 58 7,880 8,227 8,101 9,083 9,950 867 27 28 Reserve asset income ......................................................................... 302 214 -88 59 53 61 28 21 -7 28 29 Compensation of employees ...................................................................... 6,684 7,069 385 1,764 1,782 1,785 1,797 1,798 1 29 30 Secondary income (current transfer) receipts /2/ ................................................. 140,373 128,614 -11,759 33,669 30,852 31,893 31,589 32,248 659 30 31 Imports of goods and services and income payments (debits) ......................................... 3,730,817 3,635,658 -95,159 917,315 914,985 889,625 890,785 896,852 6,067 31 32 Imports of goods and services .................................................................... 2,866,754 2,761,525 -105,229 696,411 689,887 676,445 664,086 671,107 7,021 32 33 Goods .......................................................................................... 2,385,489 2,272,868 -112,621 574,812 566,925 553,678 540,433 546,949 6,516 33 34 General merchandise .......................................................................... 2,370,025 2,260,279 -109,746 571,436 563,627 550,752 537,046 541,441 4,395 34 35 Foods, feeds, and beverages ................................................................ 126,804 128,783 1,979 32,657 32,074 31,578 32,824 32,248 -576 35 36 Industrial supplies and materials .......................................................... 675,645 492,348 -183,297 126,686 121,422 109,742 101,957 107,344 5,387 36 37 Capital goods except automotive ............................................................ 598,674 606,730 8,056 153,233 150,361 149,532 145,482 149,081 3,599 37 38 Automotive vehicles, parts, and engines .................................................... 329,500 350,053 20,553 88,257 88,534 88,799 88,441 86,396 -2,045 38 39 Consumer goods except food and automotive .................................................. 558,695 596,541 37,846 149,259 149,751 149,107 147,260 144,886 -2,374 39 40 Other general merchandise .................................................................. 80,707 85,823 5,116 21,344 21,485 21,995 21,082 21,486 404 40 41 Nonmonetary gold ............................................................................. 15,464 12,589 -2,875 3,376 3,298 2,926 3,387 5,508 2,121 41 42 Services ....................................................................................... 481,264 488,657 7,393 121,599 122,961 122,767 123,654 124,158 504 42 43 Maintenance and repair services n.i.e. ....................................................... 7,521 8,996 1,475 2,146 2,451 2,287 2,147 2,220 73 43 44 Transport .................................................................................... 94,160 97,050 2,890 24,183 24,322 23,979 24,045 24,174 129 44 45 Travel (for all purposes including education) /1/ ............................................ 105,529 112,873 7,344 27,888 28,209 29,231 29,844 30,062 218 45 46 Insurance services ........................................................................... 51,824 47,772 -4,052 11,896 12,020 11,826 11,785 11,810 25 46 47 Financial services ........................................................................... 24,906 25,162 256 6,449 6,405 6,125 6,001 6,173 172 47 48 Charges for the use of intellectual property n.i.e. .......................................... 42,208 39,495 -2,713 9,875 9,871 10,175 9,901 9,793 -108 48 49 Telecommunications, computer, and information services ....................................... 36,313 36,440 127 9,134 9,184 9,049 9,434 9,501 67 49 50 Other business services ...................................................................... 94,568 99,354 4,786 24,576 25,092 24,920 25,424 25,525 101 50 51 Government goods and services n.i.e. ......................................................... 24,236 21,515 -2,721 5,450 5,408 5,175 5,072 4,899 -173 51 52 Primary income payments .......................................................................... 597,802 600,531 2,729 154,288 154,903 144,974 154,473 155,912 1,439 52 53 Investment income .............................................................................. 580,871 582,466 1,595 149,835 150,301 140,316 149,934 151,281 1,347 53 54 Direct investment income ..................................................................... 189,375 167,103 -22,272 45,754 45,387 36,165 41,057 43,002 1,945 54 55 Portfolio investment income .................................................................. 377,521 400,396 22,875 100,471 101,101 99,975 103,113 102,129 -984 55 56 Other investment income ...................................................................... 13,974 14,967 993 3,611 3,813 4,177 5,765 6,149 384 56 57 Compensation of employees ...................................................................... 16,931 18,065 1,134 4,453 4,602 4,658 4,539 4,632 93 57 58 Secondary income (current transfer) payments /2/ ................................................. 266,261 273,602 7,341 66,616 70,195 68,205 72,225 69,833 -2,392 58 Capital account 59 Capital transfer receipts and other credits ........................................................ 0 0 0 0 0 0 0 0 0 59 60 Capital transfer payments and other debits ......................................................... 45 42 -3 20 1 0 58 n.a. n.a. 60   Financial account 61 Net U.S. acquisition of financial assets excluding financial derivatives (net increase in assets / financial outflow (+)) ....................................... 823,343 225,398 -597,945 104,122 -83,824 -152,461 59,862 293,695 233,833 61 62 Direct investment assets ......................................................................... 343,441 348,646 5,205 114,779 51,322 95,969 67,412 106,069 38,657 62 63 Equity ......................................................................................... 340,942 316,346 -24,596 81,904 79,509 73,622 77,640 103,621 25,981 63 64 Debt instruments ............................................................................... 2,499 32,300 29,801 32,875 -28,186 22,347 -10,228 2,449 12,677 64 65 Portfolio investment assets ...................................................................... 582,688 153,968 -428,720 140,675 -97,468 -122,306 -57,326 109,942 167,268 65 66 Equity and investment fund shares .............................................................. 431,625 202,574 -229,051 113,691 -54,115 -54,186 -60,527 131,130 191,657 66 67 Debt securities ................................................................................ 151,063 -48,606 -199,669 26,983 -43,354 -68,121 3,200 -21,188 -24,388 67 68 Short term ................................................................................... 11,389 42,484 31,095 22,795 12,690 -20,563 45,866 -24,220 -70,086 68 69 Long term .................................................................................... 139,674 -91,090 -230,764 4,188 -56,044 -47,558 -42,666 3,033 45,699 69 70 Other investment assets .......................................................................... -99,203 -270,924 -171,721 -150,455 -37,412 -125,134 50,968 77,495 26,527 70 71 Currency and deposits .......................................................................... -160,433 -194,429 -33,996 -70,144 -66,480 -50,368 72,116 -23,601 -95,717 71 72 Loans .......................................................................................... 67,055 -74,774 -141,829 -79,588 28,173 -73,938 -24,242 103,449 127,691 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 -723 895 -828 3,094 -2,353 -5,447 74 75 Reserve assets ................................................................................... -3,583 -6,292 -2,709 -877 -266 -990 -1,191 189 1,380 75 76 Monetary gold .................................................................................. 0 0 0 0 0 0 0 0 0 76 77 Special drawing rights ......................................................................... 23 9 -14 2 2 2 2 (*) n.a. 77 78 Reserve position in the International Monetary Fund ............................................ -3,849 -6,485 -2,636 -930 -314 -1,046 -1,214 175 1,389 78 79 Other reserve assets ........................................................................... 243 185 -58 52 46 54 21 14 -7 79 80 Currency and deposits ........................................................................ 5 -20 -25 -4 -7 -8 -10 -14 -4 80 81 Securities ................................................................................... 234 205 -29 56 53 63 31 28 -3 81 82 Financial derivatives ........................................................................ 0 0 0 0 0 0 0 0 0 82 83 Other claims ................................................................................. 4 0 -4 0 0 0 0 0 0 83 84 Net U.S. incurrence of liabilities excluding financial derivatives (net increase in liabilities / financial inflow (+)) ............................................... 1,056,374 395,234 -661,140 205,435 -39,884 -118,322 118,207 350,368 232,161 84 85 Direct investment liabilities .................................................................... 207,368 379,435 172,067 108,005 50,590 26,773 91,335 159,588 68,253 85 86 Equity ......................................................................................... 112,000 301,108 189,108 59,370 40,520 40,884 89,637 116,162 26,525 86 87 Debt instruments ............................................................................... 95,368 78,327 -17,041 48,635 10,069 -14,111 1,698 43,426 41,728 87 88 Portfolio investment liabilities ................................................................. 701,861 250,936 -450,925 256,154 -126,250 18,109 -21,197 -1,188 20,009 88 89 Equity and investment fund shares .............................................................. 154,311 -178,266 -332,577 -22,605 -33,301 -153,464 -95,660 -56,406 39,254 89 90 Debt securities ................................................................................ 547,550 429,202 -118,348 278,759 -92,949 171,573 74,462 55,218 -19,244 90 91 Short term ................................................................................... 22,329 45,783 23,454 -5,818 -51,361 65,957 -10,464 -29,057 -18,593 91 92 Long term .................................................................................... 525,221 383,419 -141,802 284,577 -41,588 105,616 84,927 84,276 -651 92 93 Other investment liabilities ..................................................................... 147,145 -235,137 -382,282 -158,723 35,775 -163,204 48,069 191,968 143,899 93 94 Currency and deposits .......................................................................... 59,579 33,406 -26,173 -1,720 10,946 23,621 -40,969 92,519 133,488 94 95 Loans .......................................................................................... 73,581 -282,713 -356,294 -162,179 19,479 -186,267 84,376 93,237 8,861 95 96 Insurance technical reserves ................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 96 97 Trade credit and advances ...................................................................... 13,985 14,169 184 5,175 5,351 -559 4,662 6,213 1,551 97 98 Special drawing rights allocations ............................................................. 0 0 0 0 0 0 0 0 0 98 99 Financial derivatives other than reserves, net transactions /3/ .................................... -54,347 -25,392 28,955 1,708 746 12,353 12,994 25,599 12,605 99 Statistical discrepancy 100 Statistical discrepancy /4/ ........................................................................ 104,727 267,780 163,053 12,318 79,913 91,620 86,546 88,812 2,266 100 Balances 101 Balance on current account (line 1 less line 31) /5/ ............................................... -392,060 -462,965 -70,905 -111,904 -123,106 -113,406 -131,838 -119,885 11,953 101 102 Balance on goods and services (line 2 less line 32) .............................................. -490,176 -500,361 -10,185 -124,028 -125,611 -124,209 -125,217 -125,248 -31 102 103 Balance on goods (line 3 less line 33) ......................................................... -752,169 -762,565 -10,396 -190,876 -189,768 -188,404 -186,290 -186,740 -450 103 104 Balance on services (line 13 less line 42) ..................................................... 261,993 262,203 210 66,848 64,157 64,195 61,073 61,492 419 104 105 Balance on primary income (line 23 less line 52) ................................................. 224,005 182,385 -41,620 45,071 41,848 47,115 34,015 42,948 8,933 105 106 Balance on secondary income (line 30 less line 58) ............................................... -125,888 -144,988 -19,100 -32,947 -39,343 -36,312 -40,637 -37,585 3,052 106 107 Balance on capital account (line 59 less line 60) /5/ .............................................. -45 -42 3 -20 -1 0 -58 0 58 107 108 Net lending (+) or net borrowing (-) from current- and capital- account transactions (line 101 plus line 107) /6/ .................................................. -392,105 -463,007 -70,902 -111,924 -123,106 -113,406 -131,897 -119,885 12,012 108 109 Net lending (+) or net borrowing (-) from financial-account transactions (line 61 less line 84 plus line 99) /6/ ............................................... -287,378 -195,227 92,151 -99,605 -43,194 -21,786 -45,350 -31,074 14,276 109 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 September 15, 2016 Table 2. U.S. International Trade in Goods [Millions of dollars] Line 2014 2015 Change: Seasonally adjusted Change: 2014 to 2015 2015 2015 2016 2016 2016:I to 2015 II III IV I r II p 2016:II 1 Exports of goods (table 1, line 3) ................................................................. 1,633,320 1,510,303 -123,017 383,935 377,157 365,275 354,143 360,208 6,065 1 2 General merchandise ............................................................................ 1,610,368 1,488,639 -121,729 379,072 371,021 360,173 349,838 356,130 6,292 2 3 Net exports of goods under merchanting ......................................................... 299 259 -40 41 74 63 50 53 3 3 4 Nonmonetary gold ............................................................................... 22,654 21,405 -1,249 4,822 6,062 5,038 4,254 4,025 -229 4 5 General merchandise, all end-use commodities (line 2) ............................................ 1,610,368 1,488,639 -121,729 379,072 371,021 360,173 349,838 356,130 6,292 5 6 Foods, feeds, and beverages .................................................................... 143,722 127,727 -15,995 32,741 32,121 30,049 28,858 31,148 2,290 6 7 Agricultural ................................................................................. 134,063 118,259 -15,804 30,357 29,705 27,766 26,536 28,826 2,290 7 8 Grains and preparations .................................................................... 32,782 28,292 -4,490 7,408 7,405 6,067 5,899 7,276 1,377 8 9 Wheat .................................................................................... 7,908 5,790 -2,118 1,378 1,424 1,366 1,199 1,302 103 9 10 Corn ..................................................................................... 11,938 9,376 -2,562 2,763 2,586 1,632 1,983 3,029 1,046 10 11 Rice and other food grains ............................................................... 2,130 2,126 -4 518 569 543 464 505 41 11 12 Other feeds .............................................................................. 10,807 11,000 193 2,749 2,825 2,527 2,253 2,440 187 12 13 Soybeans ................................................................................... 25,124 19,778 -5,346 4,690 5,294 4,992 3,995 4,324 329 13 14 Meat products and poultry .................................................................. 20,065 16,616 -3,449 4,379 3,867 3,825 3,851 4,133 282 14 15 Vegetables, fruits, nuts, and preparations ................................................. 25,193 24,917 -276 6,594 6,167 5,795 5,899 6,195 296 15 16 Other agricultural foods, feeds, and beverages ............................................. 30,899 28,656 -2,243 7,287 6,973 7,088 6,892 6,899 7 16 17 Nonagricultural .............................................................................. 9,659 9,469 -190 2,384 2,415 2,283 2,323 2,322 -1 17 18 Fish and shellfish ......................................................................... 5,977 5,775 -202 1,419 1,510 1,392 1,425 1,388 -37 18 19 Distilled beverages and other nonagricultural foods, feeds, and beverages .................. 3,682 3,693 11 965 906 891 897 934 37 19 20 Industrial supplies and materials .............................................................. 500,360 417,062 -83,298 109,896 103,427 95,873 92,204 96,301 4,097 20 21 Agricultural ................................................................................. 19,753 18,207 -1,546 4,925 4,837 3,877 3,926 3,951 25 21 22 Raw cotton ................................................................................. 4,412 3,903 -509 1,114 995 755 670 868 198 22 23 Tobacco, unmanufactured .................................................................... 1,118 1,131 13 284 430 124 360 250 -110 23 24 Hides and skins, including furskins ........................................................ 2,931 2,441 -490 679 596 513 511 433 -78 24 25 Other agricultural industrial supplies ..................................................... 11,292 10,732 -560 2,848 2,816 2,485 2,385 2,400 15 25 26 Nonagricultural .............................................................................. 480,607 398,855 -81,752 104,972 98,590 91,996 88,278 92,350 4,072 26 27 Energy products ............................................................................ 182,764 124,981 -57,783 34,889 30,673 27,119 24,741 29,144 4,403 27 28 Petroleum and products ................................................................... 161,490 109,393 -52,097 30,527 27,262 23,949 21,876 26,138 4,262 28 29 Crude .................................................................................. 11,584 7,717 -3,867 2,422 1,934 1,520 1,324 2,027 703 29 30 Fuel oil ............................................................................... 65,918 40,928 -24,990 12,213 10,180 8,535 7,081 9,287 2,206 30 31 Other petroleum products ............................................................... 73,331 52,586 -20,745 13,827 13,022 11,947 11,598 12,390 792 31 32 Liquified petroleum gases .............................................................. 10,657 8,162 -2,495 2,065 2,126 1,948 1,873 2,433 560 32 33 Coal and related products ................................................................ 11,876 8,864 -3,012 2,409 2,074 1,795 1,694 1,709 15 33 34 Natural gas .............................................................................. 7,672 4,772 -2,900 1,296 1,048 1,028 899 982 83 34 35 Nuclear fuel and electric energy ......................................................... 1,726 1,951 225 656 288 347 271 316 45 35 36 Paper and paper-base stocks ................................................................ 22,505 21,742 -763 5,529 5,416 5,339 5,286 5,197 -89 36 37 Textile supplies and related materials ..................................................... 15,205 14,332 -873 3,634 3,521 3,521 3,436 3,231 -205 37 38 Chemicals except medicinals ................................................................ 119,387 111,413 -7,974 28,457 28,029 26,408 25,807 25,572 -235 38 39 Plastic materials ........................................................................ 36,914 34,107 -2,807 8,788 8,439 8,218 8,146 8,049 -97 39 40 Fertilizers, pesticides, and insecticides ................................................ 9,487 8,705 -782 2,237 2,172 2,036 1,798 1,631 -167 40 41 Industrial inorganic chemicals ........................................................... 9,222 8,831 -391 2,279 2,265 2,096 2,077 2,088 11 41 42 Industrial organic chemicals ............................................................. 32,825 29,966 -2,859 7,756 7,641 6,752 6,625 6,671 46 42 43 Other chemicals .......................................................................... 30,939 29,805 -1,134 7,398 7,511 7,306 7,161 7,133 -28 43 44 Building materials except metals ........................................................... 15,532 14,038 -1,494 3,563 3,418 3,391 3,405 3,457 52 44 45 Other nonmetals ............................................................................ 35,561 34,648 -913 8,691 8,645 8,551 8,265 8,313 48 45 46 Metals and nonmetallic products ............................................................ 89,653 77,702 -11,951 20,209 18,887 17,666 17,339 17,436 97 46 47 Steelmaking materials .................................................................... 9,390 5,754 -3,636 1,548 1,337 1,188 1,019 1,177 158 47 48 Iron and steel products .................................................................. 18,977 16,342 -2,635 4,119 3,932 3,647 3,550 3,601 51 48 49 Nonferrous metals ........................................................................ 33,337 29,206 -4,131 7,655 7,208 6,473 6,649 6,682 33 49 50 Precious metals except nonmonetary gold ................................................ 7,582 6,230 -1,352 1,615 1,459 1,436 1,465 1,283 -182 50 51 Bauxite and aluminum ................................................................... 8,918 8,242 -676 2,136 2,087 1,953 1,783 2,052 269 51 52 Copper ................................................................................. 8,758 7,292 -1,466 1,957 1,799 1,483 1,678 1,541 -137 52 53 Other nonferrous metals ................................................................ 8,079 7,443 -636 1,948 1,864 1,600 1,724 1,806 82 53 54 Other metals and nonmetallic products .................................................... 27,949 26,399 -1,550 6,886 6,410 6,359 6,121 5,975 -146 54 55 Capital goods except automotive ................................................................ 551,720 539,700 -12,020 136,316 134,012 132,751 129,467 129,306 -161 55 56 Machinery and equipment except consumer-type ................................................. 431,864 413,655 -18,209 104,314 103,140 101,016 99,464 97,153 -2,311 56 57 Electric-generating machinery, electric apparatus, and parts ............................... 57,168 56,312 -856 14,212 14,182 13,712 13,832 13,076 -756 57 58 Oil-drilling, mining, and construction machinery ........................................... 29,560 23,131 -6,429 5,808 5,494 5,458 4,602 4,084 -518 58 59 Industrial engines, pumps, and compressors ................................................. 29,703 27,436 -2,267 6,818 6,725 6,676 6,671 5,999 -672 59 60 Machine tools and metalworking machinery ................................................... 7,618 7,282 -336 1,817 1,797 1,733 1,608 1,679 71 60 61 Measuring, testing, and control instruments ................................................ 25,158 23,988 -1,170 6,141 5,912 5,701 5,723 5,727 4 61 62 Other industrial machinery ................................................................. 80,610 78,012 -2,598 19,626 19,963 18,486 17,993 17,714 -279 62 63 Other service-industry and agricultural machinery .......................................... 19,598 17,880 -1,718 4,496 4,424 4,526 4,301 4,054 -247 63 64 Computers .................................................................................. 16,894 15,946 -948 3,937 4,003 3,886 3,606 3,696 90 64 65 Computer accessories, peripherals, and parts ............................................... 31,911 30,888 -1,023 7,733 7,811 7,753 8,280 7,896 -384 65 66 Semiconductors ............................................................................. 43,792 42,798 -994 10,773 10,598 10,553 11,057 11,174 117 66 67 Telecommunications equipment ............................................................... 40,662 41,849 1,187 10,817 10,310 10,577 9,798 10,127 329 67 68 Other office and business machines ......................................................... 2,978 2,651 -327 698 637 612 636 573 -63 68 69 Scientific, hospital, and medical equipment and parts ...................................... 46,212 45,484 -728 11,436 11,283 11,344 11,357 11,355 -2 69 70 Civilian aircraft, engines, and parts ........................................................ 113,130 119,453 6,323 30,093 29,183 30,369 28,673 30,715 2,042 70 71 Civilian aircraft, complete, all types ..................................................... 58,230 63,332 5,102 16,046 15,441 15,878 13,757 16,244 2,487 71 72 Engines and parts .......................................................................... 54,901 56,121 1,220 14,047 13,741 14,491 14,916 14,471 -445 72 73 Other transportation equipment ............................................................... 6,725 6,592 -133 1,909 1,690 1,366 1,331 1,438 107 73 74 Automotive vehicles, parts, and engines ........................................................ 159,812 151,917 -7,895 38,000 38,620 37,664 37,547 37,696 149 74 75 To Canada .................................................................................... 59,983 57,233 -2,750 14,478 14,522 14,267 14,565 14,969 404 75 76 Passenger cars, new and used ............................................................... 14,626 14,309 -317 3,929 3,534 3,322 3,252 3,653 401 76 77 Trucks, buses, and special purpose vehicles ................................................ 15,051 13,589 -1,462 3,467 3,369 3,435 3,446 3,591 145 77 78 Engines and engine parts ................................................................... 5,395 5,302 -93 1,298 1,354 1,362 1,539 1,519 -20 78 79 Other parts and accessories ................................................................ 24,910 24,034 -876 5,784 6,266 6,149 6,328 6,206 -122 79 80 To other areas ............................................................................... 99,830 94,684 -5,146 23,522 24,097 23,396 22,982 22,727 -255 80 81 Passenger cars, new and used ............................................................... 45,999 40,260 -5,739 9,793 10,749 9,755 10,036 9,739 -297 81 82 Trucks, buses, and special purpose vehicles ................................................ 4,827 4,356 -471 1,133 993 1,046 1,112 1,181 69 82 83 Engines and engine parts ................................................................... 13,000 11,695 -1,305 2,916 2,843 2,809 2,736 3,038 302 83 84 Other parts and accessories ................................................................ 36,003 38,373 2,370 9,680 9,512 9,786 9,097 8,769 -328 84 85 Consumer goods except food and automotive ...................................................... 197,990 197,285 -705 48,627 49,010 49,168 48,324 47,295 -1,029 85 86 Nondurable goods ............................................................................. 87,479 91,648 4,169 22,386 22,681 23,360 22,832 22,018 -814 86 87 Apparel, footwear, and household goods ..................................................... 11,063 11,129 66 2,878 2,752 2,735 2,608 2,577 -31 87 88 Medicinal, dental, and pharmaceutical products ............................................. 50,947 55,064 4,117 13,170 13,505 14,198 13,950 13,170 -780 88 89 Toiletries and cosmetics ................................................................... 11,796 11,879 83 3,005 2,969 2,987 2,989 2,949 -40 89 90 Other nondurable goods ..................................................................... 13,672 13,576 -96 3,333 3,455 3,441 3,285 3,322 37 90 91 Durable goods ................................................................................ 110,511 105,637 -4,874 26,242 26,330 25,807 25,493 25,277 -216 91 92 Televisions, video receivers, and other video equipment .................................... 4,579 4,802 223 1,191 1,233 1,143 1,274 1,140 -134 92 93 Radio and stereo equipment, including recorded media ....................................... 4,809 4,303 -506 1,079 1,098 1,032 986 963 -23 93 94 Toys and sporting goods, including bicycles ................................................ 10,396 9,393 -1,003 2,411 2,295 2,221 2,314 2,153 -161 94 95 Household and kitchen appliances and other household goods ................................. 39,938 39,560 -378 9,808 9,933 9,720 9,396 9,294 -102 95 96 Household furnishings and related products ............................................... 4,830 4,678 -152 1,184 1,137 1,136 1,163 1,133 -30 96 97 Household and kitchen appliances ......................................................... 7,536 7,290 -246 1,888 1,814 1,746 1,745 1,699 -46 97 98 Other household goods, including cell phones ............................................. 27,572 27,592 20 6,736 6,982 6,837 6,488 6,462 -26 98 99 Jewelry and collectibles ................................................................... 23,296 23,451 155 5,775 5,937 5,783 5,465 5,776 311 99 100 Gem diamonds and other gemstones ........................................................... 23,010 20,209 -2,801 4,943 4,916 4,941 5,118 5,088 -30 100 101 Other durable goods ........................................................................ 4,483 3,920 -563 1,034 918 968 941 862 -79 101 102 Other general merchandise ...................................................................... 56,763 54,948 -1,815 13,492 13,831 14,668 13,438 14,384 946 102 103 Net exports of goods under merchanting (line 3) .................................................. 299 259 -40 41 74 63 50 53 3 103 104 Nonmonetary gold (line 4) ........................................................................ 22,654 21,405 -1,249 4,822 6,062 5,038 4,254 4,025 -229 104 105 Imports of goods (table 1, line 33) ................................................................ 2,385,489 2,272,868 -112,621 574,812 566,925 553,678 540,433 546,949 6,516 105 106 General merchandise ............................................................................ 2,370,025 2,260,279 -109,746 571,436 563,627 550,752 537,046 541,441 4,395 106 107 Nonmonetary gold ............................................................................... 15,464 12,589 -2,875 3,376 3,298 2,926 3,387 5,508 2,121 107 108 General merchandise, all end-use commodities (line 106) .......................................... 2,370,025 2,260,279 -109,746 571,436 563,627 550,752 537,046 541,441 4,395 108 109 Foods, feeds, and beverages .................................................................... 126,804 128,783 1,979 32,657 32,074 31,578 32,824 32,248 -576 109 110 Agricultural ................................................................................. 98,346 101,702 3,356 25,688 25,635 25,144 25,784 25,178 -606 110 111 Green coffee ............................................................................... 5,229 5,120 -109 1,324 1,345 1,278 994 1,186 192 111 112 Cocoa beans and sugar ...................................................................... 2,931 3,179 248 828 742 688 933 672 -261 112 113 Meat products and poultry .................................................................. 12,134 12,850 716 3,374 3,320 2,725 2,892 2,770 -122 113 114 Vegetables, fruits, nuts, and preparations ................................................. 28,211 30,167 1,956 7,387 7,642 7,820 8,130 7,794 -336 114 115 Wine, beer, and related products ........................................................... 9,778 10,243 465 2,581 2,546 2,607 2,720 2,683 -37 115 116 Other agricultural foods, feeds, and beverages ............................................. 40,062 40,142 80 10,194 10,040 10,026 10,115 10,073 -42 116 117 Nonagricultural .............................................................................. 28,458 27,080 -1,378 6,969 6,439 6,433 7,041 7,071 30 117 118 Fish and shellfish ......................................................................... 20,245 18,720 -1,525 4,852 4,376 4,410 4,779 4,945 166 118 119 Distilled beverages and other nonagricultural foods, feeds, and beverages .................. 8,212 8,360 148 2,117 2,063 2,023 2,262 2,125 -137 119 120 Industrial supplies and materials .............................................................. 675,645 492,348 -183,297 126,686 121,422 109,742 101,957 107,344 5,387 120 121 Agricultural ................................................................................. 13,321 11,863 -1,458 2,958 2,970 2,874 2,656 2,674 18 121 122 Nonagricultural .............................................................................. 662,324 480,485 -181,839 123,728 118,452 106,868 99,301 104,669 5,368 122 123 Energy products ............................................................................ 377,715 214,364 -163,351 56,216 53,256 44,202 38,010 42,152 4,142 123 124 Petroleum and products ................................................................... 353,617 197,288 -156,329 52,115 48,958 40,286 34,393 38,149 3,756 124 125 Crude .................................................................................. 248,812 128,637 -120,175 33,571 31,633 26,726 22,249 24,424 2,175 125 126 Fuel oil ............................................................................... 41,980 24,436 -17,544 6,939 5,903 4,230 3,812 4,472 660 126 127 Other petroleum products ............................................................... 58,803 42,149 -16,654 11,189 10,973 8,845 7,857 8,851 994 127 128 Liquified petroleum gases .............................................................. 4,022 2,066 -1,956 415 449 486 475 402 -73 128 129 Coal and related products ................................................................ 2,093 2,251 158 483 689 626 401 720 319 129 130 Natural gas .............................................................................. 15,445 8,969 -6,476 1,936 2,063 1,798 1,636 1,629 -7 130 131 Nuclear fuel and electric energy ......................................................... 6,561 5,856 -705 1,682 1,546 1,492 1,581 1,654 73 131 132 Paper and paper-base stocks ................................................................ 12,620 12,131 -489 3,124 2,937 2,998 2,927 2,891 -36 132 133 Textile supplies and related materials ..................................................... 14,799 14,905 106 3,765 3,724 3,636 3,492 3,476 -16 133 134 Chemicals except medicinals ................................................................ 80,745 73,618 -7,127 18,965 18,139 17,245 17,043 17,572 529 134 135 Plastic materials ........................................................................ 17,342 16,230 -1,112 4,154 3,918 3,881 3,913 3,821 -92 135 136 Fertilizers, pesticides, and insecticides ................................................ 15,076 14,526 -550 3,598 3,766 3,213 3,119 3,015 -104 136 137 Industrial inorganic chemicals ........................................................... 7,560 7,197 -363 1,801 1,767 1,697 1,564 1,530 -34 137 138 Industrial organic chemicals ............................................................. 28,110 23,266 -4,844 6,199 5,643 5,449 5,502 6,118 616 138 139 Other chemicals .......................................................................... 12,656 12,398 -258 3,212 3,045 3,005 2,944 3,086 142 139 140 Building materials except metals ........................................................... 28,296 29,861 1,565 7,372 7,520 7,594 7,734 7,932 198 140 141 Other nonmetals ............................................................................ 33,362 33,952 590 8,492 8,471 8,310 8,394 8,291 -103 141 142 Metals and nonmetallic products ............................................................ 114,788 101,655 -13,133 25,795 24,404 22,881 21,701 22,356 655 142 143 Steelmaking materials .................................................................... 8,817 6,007 -2,810 1,370 1,481 1,242 1,074 1,199 125 143 144 Iron and steel products .................................................................. 46,250 40,084 -6,166 10,179 9,322 8,791 8,062 8,032 -30 144 145 Nonferrous metals ........................................................................ 37,637 33,613 -4,024 8,924 7,865 7,391 7,146 7,627 481 145 146 Precious metals except nonmonetary gold ................................................ 10,799 8,823 -1,976 2,302 2,024 2,059 1,781 1,995 214 146 147 Bauxite and aluminum ................................................................... 11,685 12,107 422 3,170 2,859 2,715 2,876 2,943 67 147 148 Other nonferrous metals ................................................................ 15,153 12,683 -2,470 3,452 2,981 2,617 2,489 2,688 199 148 149 Other metals and nonmetallic products .................................................... 22,084 21,951 -133 5,322 5,736 5,458 5,420 5,498 78 149 150 Capital goods except automotive ................................................................ 598,674 606,730 8,056 153,233 150,361 149,532 145,482 149,081 3,599 150 151 Machinery and equipment except consumer-type ................................................. 538,378 544,230 5,852 137,159 134,905 134,008 131,856 133,701 1,845 151 152 Electric-generating machinery, electric apparatus and parts ................................ 71,706 71,839 133 18,140 17,496 17,682 17,429 17,549 120 152 153 Oil-drilling, mining, and construction machinery ........................................... 24,114 21,074 -3,040 6,020 4,408 3,867 3,850 3,612 -238 153 154 Industrial engines, pumps, and compressors ................................................. 24,860 24,225 -635 6,360 5,839 5,741 5,707 5,591 -116 154 155 Machine tools and metalworking machinery ................................................... 11,417 11,444 27 2,939 2,761 2,784 2,681 2,711 30 155 156 Measuring, testing, and control instruments ................................................ 20,161 20,513 352 5,148 5,036 5,064 4,874 5,036 162 156 157 Other industrial machinery ................................................................. 87,033 86,068 -965 21,840 21,058 21,106 20,487 20,591 104 157 158 Other service-industry and agricultural machinery .......................................... 29,116 29,449 333 7,313 7,365 7,480 7,300 7,087 -213 158 159 Computers .................................................................................. 64,000 63,269 -731 15,757 16,752 15,524 15,136 15,816 680 159 160 Computer accessories, peripherals, and parts ............................................... 57,987 56,980 -1,007 14,191 14,138 13,534 13,213 12,931 -282 160 161 Semiconductors ............................................................................. 44,043 46,244 2,201 11,509 11,690 12,016 12,695 13,291 596 161 162 Telecommunications equipment ............................................................... 58,815 66,326 7,511 16,182 16,759 17,523 16,717 17,481 764 162 163 Other office and business machines ......................................................... 4,825 5,104 279 1,283 1,270 1,244 1,336 1,257 -79 163 164 Scientific, hospital, and medical equipment and parts ...................................... 40,302 41,697 1,395 10,476 10,333 10,441 10,431 10,747 316 164 165 Civilian aircraft, engines, and parts ........................................................ 53,275 55,177 1,902 14,107 13,689 13,708 12,227 13,787 1,560 165 166 Civilian aircraft, complete, all types ..................................................... 16,732 18,265 1,533 4,634 4,497 4,632 3,197 4,529 1,332 166 167 Engines and parts .......................................................................... 36,543 36,912 369 9,473 9,192 9,076 9,030 9,258 228 167 168 Other transportation equipment ............................................................... 7,021 7,323 302 1,967 1,767 1,817 1,399 1,593 194 168 169 Automotive vehicles, parts, and engines ........................................................ 329,500 350,053 20,553 88,257 88,534 88,799 88,441 86,396 -2,045 169 170 From Canada .................................................................................. 63,480 62,609 -871 15,496 16,035 16,346 17,058 16,112 -946 170 171 Passenger cars, new and used ............................................................... 42,918 42,355 -563 10,246 10,835 11,442 12,116 11,296 -820 171 172 Trucks, buses, and special purpose vehicles ................................................ 2,704 2,939 235 744 778 661 742 726 -16 172 173 Engines and engine parts ................................................................... 3,782 3,722 -60 962 960 914 1,004 860 -144 173 174 Other parts and accessories ................................................................ 14,076 13,593 -483 3,545 3,462 3,329 3,196 3,229 33 174 175 From other areas ............................................................................. 266,021 287,445 21,424 72,761 72,499 72,453 71,383 70,284 -1,099 175 176 Passenger cars, new and used ............................................................... 110,675 124,006 13,331 30,663 31,869 31,861 30,696 30,170 -526 176 177 Trucks, buses, and special purpose vehicles ................................................ 29,790 32,230 2,440 8,601 7,791 7,854 8,258 8,044 -214 177 178 Engines and engine parts ................................................................... 25,602 25,797 195 6,608 6,404 6,418 6,014 6,117 103 178 179 Other parts and accessories ................................................................ 99,954 105,411 5,457 26,890 26,435 26,320 26,414 25,953 -461 179 180 Consumer goods except food and automotive ...................................................... 558,695 596,541 37,846 149,259 149,751 149,107 147,260 144,886 -2,374 180 181 Nondurable goods ............................................................................. 258,259 281,812 23,553 72,172 70,547 69,926 70,113 70,398 285 181 182 Apparel, footwear, and household goods ..................................................... 135,908 142,500 6,592 35,556 35,929 34,736 34,388 33,714 -674 182 183 Medicinal, dental, and pharmaceutical products ............................................. 91,984 108,207 16,223 28,762 26,893 27,561 27,744 28,851 1,107 183 184 Toiletries and cosmetics ................................................................... 10,227 10,350 123 2,602 2,608 2,519 2,694 2,638 -56 184 185 Other nondurable goods ..................................................................... 20,139 20,755 616 5,252 5,117 5,110 5,287 5,194 -93 185 186 Durable goods ................................................................................ 300,436 314,729 14,293 77,086 79,204 79,180 77,148 74,487 -2,661 186 187 Televisions, video receivers, and other video equipment .................................... 28,220 28,358 138 6,729 7,541 7,510 5,909 5,881 -28 187 188 Radio and stereo equipment, including recorded media ....................................... 9,821 10,322 501 2,446 2,821 2,644 2,593 2,297 -296 188 189 Toys and sporting goods, including bicycles ................................................ 36,993 39,404 2,411 9,617 10,380 9,657 9,607 9,257 -350 189 190 Household and kitchen appliances and other household goods ................................. 163,813 172,492 8,679 42,148 42,747 43,412 43,658 40,814 -2,844 190 191 Household furnishings and related products ............................................... 28,860 32,139 3,279 7,818 8,076 8,220 8,382 8,155 -227 191 192 Household and kitchen appliances ......................................................... 25,320 27,104 1,784 6,660 7,137 6,926 6,652 6,477 -175 192 193 Other household goods, including cell phones ............................................. 109,633 113,249 3,616 27,671 27,533 28,267 28,624 26,182 -2,442 193 194 Jewelry and collectibles ................................................................... 25,430 28,516 3,086 7,197 6,826 7,420 6,408 7,124 716 194 195 Gem diamonds and other gemstones ........................................................... 28,318 27,058 -1,260 6,814 6,784 6,452 6,882 7,097 215 195 196 Other durable goods ........................................................................ 7,841 8,579 738 2,134 2,106 2,086 2,092 2,018 -74 196 197 Other general merchandise ...................................................................... 80,707 85,823 5,116 21,344 21,485 21,995 21,082 21,486 404 197 198 Nonmonetary gold (line 107) ...................................................................... 15,464 12,589 -2,875 3,376 3,298 2,926 3,387 5,508 2,121 198 199 Balance on goods (line 1 less line 105) ............................................................ -752,169 -762,565 -10,396 -190,876 -189,768 -188,404 -186,290 -186,740 -450 199 p Preliminary r Revised Notes: Details may not add to totals because of rounding. See International Transactions Accounts tables 2.2–2.4 at www.bea.gov/itable/ for additional account and geographic detail. Source: U.S. Bureau of Economic Analysis September 15, 2016 Table 3. U.S. International Trade in Services [Millions of dollars] Line 2014 2015 Change: Seasonally adjusted Change: 2014 to 2015 2015 2015 2016 2016 2016:I to 2015 II III IV I r II p 2016:II 1 Exports of services (table 1, line 13) ............................................................. 743,257 750,860 7,603 188,448 187,118 186,962 184,727 185,650 923 1 2 Maintenance and repair services n.i.e. ........................................................... 22,132 24,036 1,904 5,818 6,018 6,627 6,307 6,709 402 2 3 Transport ........................................................................................ 90,701 87,221 -3,480 21,972 21,550 21,594 21,363 20,909 -454 3 4 Sea transport .................................................................................. 18,161 18,044 -117 4,505 4,502 4,454 4,409 4,542 133 4 5 Freight ...................................................................................... 4,325 3,816 -509 932 912 916 874 905 31 5 6 Port ......................................................................................... 13,836 14,228 392 3,573 3,590 3,538 3,535 3,637 102 6 7 Air transport .................................................................................. 68,053 64,672 -3,381 16,336 15,976 15,976 15,775 15,099 -676 7 8 Passenger .................................................................................... 44,071 41,704 -2,367 10,480 10,246 10,277 10,174 9,595 -579 8 9 Freight ...................................................................................... 14,261 12,906 -1,355 3,235 3,198 3,097 3,061 3,177 116 9 10 Port ......................................................................................... 9,721 10,062 341 2,621 2,531 2,602 2,540 2,327 -213 10 11 Other modes of transport ....................................................................... 4,487 4,505 18 1,132 1,072 1,163 1,178 1,268 90 11 12 Travel (for all purposes including education) /1/ ................................................ 191,325 204,523 13,198 51,406 51,712 51,569 51,420 51,497 77 12 13 Business ....................................................................................... 43,509 42,754 -755 10,806 10,731 10,659 10,292 10,358 66 13 14 Expenditures by border, seasonal, and other short-term workers ............................... 7,654 8,184 530 2,015 2,097 2,110 2,022 2,070 48 14 15 Other business travel ........................................................................ 35,855 34,570 -1,285 8,791 8,634 8,549 8,270 8,288 18 15 16 Personal ....................................................................................... 147,816 161,769 13,953 40,600 40,981 40,910 41,128 41,139 11 16 17 Health related ............................................................................... 3,468 3,597 129 900 898 916 922 930 8 17 18 Education related ............................................................................ 30,966 35,760 4,794 8,771 9,053 9,434 9,838 10,089 251 18 19 Other personal travel ........................................................................ 113,382 122,412 9,030 30,929 31,031 30,560 30,369 30,120 -249 19 20 Insurance services ............................................................................... 17,312 17,142 -170 4,184 4,237 4,492 4,244 4,381 137 20 21 Direct insurance ............................................................................... 3,974 3,346 -628 833 807 817 792 771 -21 21 22 Reinsurance .................................................................................... 11,448 11,895 447 2,858 2,959 3,206 3,010 3,170 160 22 23 Auxiliary insurance services ................................................................... 1,890 1,901 11 492 471 469 441 439 -2 23 24 Financial services ............................................................................... 107,712 102,461 -5,251 25,826 24,981 24,318 22,830 23,206 376 24 25 Securities brokerage, underwriting, and related services ....................................... 13,406 11,805 -1,601 3,189 2,884 2,639 2,806 2,630 -176 25 26 Financial management, financial advisory, and custody services ................................. 57,371 54,531 -2,840 13,613 13,093 12,543 10,824 11,095 271 26 27 Credit card and other credit-related services .................................................. 20,435 19,714 -721 4,915 4,962 5,017 4,842 5,068 226 27 28 Securities lending, electronic funds transfer, and other services .............................. 16,500 16,410 -90 4,110 4,043 4,118 4,358 4,413 55 28 29 Charges for the use of intellectual property n.i.e. .............................................. 129,890 124,664 -5,226 31,525 31,252 30,739 30,317 29,999 -318 29 30 Industrial processes ........................................................................... 48,497 45,898 -2,599 11,659 11,261 11,700 10,421 10,291 -130 30 31 Computer software .............................................................................. 39,197 36,752 -2,445 9,208 9,719 8,708 9,169 9,026 -143 31 32 Trademarks and franchise fees .................................................................. 22,544 20,582 -1,962 5,248 4,964 4,872 4,981 4,825 -156 32 33 Audio-visual and related products .............................................................. 19,569 21,308 1,739 5,387 5,280 5,408 5,693 5,795 102 33 34 Other intellectual property .................................................................... 83 125 42 23 30 51 53 62 9 34 35 Telecommunications, computer, and information services ........................................... 35,044 35,895 851 8,889 9,062 9,168 9,408 9,523 115 35 36 Telecommunications services .................................................................... 13,736 12,645 -1,091 3,064 3,204 3,227 3,288 3,221 -67 36 37 Computer services .............................................................................. 14,152 15,951 1,799 4,055 4,024 4,033 4,383 4,538 155 37 38 Information services ........................................................................... 7,156 7,299 143 1,771 1,834 1,909 1,737 1,764 27 38 39 Other business services .......................................................................... 128,817 134,648 5,831 33,715 32,936 33,654 34,374 34,402 28 39 40 Research and development services .............................................................. 32,946 34,526 1,580 8,304 8,473 9,182 8,596 8,813 217 40 41 Professional and management consulting services ................................................ 59,623 64,912 5,289 16,624 15,794 15,953 17,552 17,580 28 41 42 Technical, trade-related, and other business services /2/ ...................................... 36,248 35,210 -1,038 8,788 8,669 8,520 8,226 8,009 -217 42 43 Government goods and services n.i.e. ............................................................. 20,325 20,270 -55 5,112 5,369 4,800 4,464 5,024 560 43 44 Imports of services (table 1, line 42) ............................................................. 481,264 488,657 7,393 121,599 122,961 122,767 123,654 124,158 504 44 45 Maintenance and repair services n.i.e. ........................................................... 7,521 8,996 1,475 2,146 2,451 2,287 2,147 2,220 73 45 46 Transport ........................................................................................ 94,160 97,050 2,890 24,183 24,322 23,979 24,045 24,174 129 46 47 Sea transport .................................................................................. 36,254 37,295 1,041 9,359 9,364 9,052 8,886 8,652 -234 47 48 Freight ...................................................................................... 34,013 35,005 992 8,777 8,792 8,488 8,320 8,023 -297 48 49 Port ......................................................................................... 2,241 2,290 49 582 572 564 566 629 63 49 50 Air transport .................................................................................. 53,697 55,851 2,154 13,759 14,023 14,000 14,212 14,470 258 50 51 Passenger .................................................................................... 34,890 35,494 604 8,854 8,983 8,919 9,188 9,457 269 51 52 Freight ...................................................................................... 7,197 7,895 698 1,874 1,928 1,831 1,680 1,654 -26 52 53 Port ......................................................................................... 11,610 12,462 852 3,031 3,112 3,250 3,344 3,359 15 53 54 Other modes of transport ....................................................................... 4,209 3,904 -305 1,065 936 927 948 1,052 104 54 55 Travel (for all purposes including education) /1/ ................................................ 105,529 112,873 7,344 27,888 28,209 29,231 29,844 30,062 218 55 56 Business ....................................................................................... 17,271 15,920 -1,351 3,916 3,908 4,098 3,941 3,988 47 56 57 Expenditures by border, seasonal, and other short-term workers ............................... 1,249 1,315 66 328 332 332 337 340 3 57 58 Other business travel ........................................................................ 16,022 14,605 -1,417 3,588 3,576 3,766 3,604 3,648 44 58 59 Personal ....................................................................................... 88,258 96,952 8,694 23,972 24,301 25,134 25,903 26,074 171 59 60 Health related ............................................................................... 1,624 1,828 204 450 464 477 492 507 15 60 61 Education related ............................................................................ 6,992 7,278 286 1,810 1,836 1,844 1,859 1,906 47 61 62 Other personal travel ........................................................................ 79,642 87,846 8,204 21,712 22,002 22,812 23,553 23,662 109 62 63 Insurance services ............................................................................... 51,824 47,772 -4,052 11,896 12,020 11,826 11,785 11,810 25 63 64 Direct insurance ............................................................................... 4,793 4,183 -610 1,101 1,046 1,002 964 944 -20 64 65 Reinsurance .................................................................................... 45,495 41,709 -3,786 10,318 10,493 10,340 10,312 10,341 29 65 66 Auxiliary insurance services ................................................................... 1,536 1,880 344 477 480 484 509 526 17 66 67 Financial services ............................................................................... 24,906 25,162 256 6,449 6,405 6,125 6,001 6,173 172 67 68 Securities brokerage, underwriting, and related services ....................................... 4,552 4,412 -140 1,222 1,092 1,034 1,010 1,026 16 68 69 Financial management, financial advisory, and custody services ................................. 11,454 11,524 70 2,945 2,921 2,698 2,553 2,529 -24 69 70 Credit card and other credit-related services .................................................. 6,122 6,346 224 1,546 1,700 1,598 1,697 1,819 122 70 71 Securities lending, electronic funds transfer, and other services .............................. 2,778 2,880 102 736 692 795 741 799 58 71 72 Charges for the use of intellectual property n.i.e. .............................................. 42,208 39,495 -2,713 9,875 9,871 10,175 9,901 9,793 -108 72 73 Industrial processes ........................................................................... 23,851 20,868 -2,983 5,273 5,300 5,485 5,273 5,122 -151 73 74 Computer software .............................................................................. 6,717 6,723 6 1,593 1,639 1,764 1,812 1,818 6 74 75 Trademarks and franchise fees .................................................................. 3,878 3,768 -110 964 896 934 827 812 -15 75 76 Audio-visual and related products .............................................................. 7,648 7,955 307 2,011 1,983 1,947 1,924 1,968 44 76 77 Other intellectual property .................................................................... 114 181 67 33 54 44 65 73 8 77 78 Telecommunications, computer, and information services ........................................... 36,313 36,440 127 9,134 9,184 9,049 9,434 9,501 67 78 79 Telecommunications services .................................................................... 6,759 6,242 -517 1,476 1,724 1,473 1,520 1,462 -58 79 80 Computer services .............................................................................. 27,093 27,785 692 7,024 6,903 6,952 7,294 7,427 133 80 81 Information services ........................................................................... 2,461 2,413 -48 633 557 624 620 612 -8 81 82 Other business services .......................................................................... 94,568 99,354 4,786 24,576 25,092 24,920 25,424 25,525 101 82 83 Research and development services .............................................................. 30,902 32,022 1,120 7,695 8,171 8,123 9,011 9,009 -2 83 84 Professional and management consulting services ................................................ 38,937 40,436 1,499 10,290 9,984 10,198 10,179 10,214 35 84 85 Technical, trade-related, and other business services /2/ ...................................... 24,730 26,896 2,166 6,591 6,936 6,598 6,235 6,303 68 85 86 Government goods and services n.i.e. ............................................................. 24,236 21,515 -2,721 5,450 5,408 5,175 5,072 4,899 -173 86 87 Balance on services (line 1 less line 44) .......................................................... 261,993 262,203 210 66,848 64,157 64,195 61,073 61,492 419 87 Supplemental detail on insurance transactions: 88 Premiums received .................................................................................. 30,889 31,772 883 7,578 7,895 8,635 8,066 8,171 105 88 89 Losses paid ........................................................................................ 16,735 17,863 1,128 4,483 4,507 4,468 4,515 4,564 49 89 90 Premiums paid ...................................................................................... 108,137 109,858 1,721 26,939 28,072 27,950 28,330 28,702 372 90 91 Losses recovered ................................................................................... 75,422 73,108 -2,314 18,308 18,149 18,177 17,979 17,845 -134 91 p Preliminary r Revised 1. All travel purposes include 1) business travel, including expenditures by border, seasonal, and other short-term workers and 2) personal travel, including health-related and education-related travel. 2. Includes construction, architectural and engineering services, waste treatment, operational leasing, trade-related, and other business services. Notes: Details may not add to totals because of rounding. See International Transactions Accounts tables 3.2 and 3.3 at www.bea.gov/itable/ for geographic detail. Source: U.S. Bureau of Economic Analysis September 15, 2016 Table 4. U.S. International Transactions in Primary Income [Millions of dollars] Line 2014 2015 Change: Seasonally adjusted Change: 2014 to 2015 2015 2015 2016 2016 2016:I to 2015 II III IV I r II p 2016:II 1 Primary income receipts (table 1, line 23) ........................................................ 821,807 782,915 -38,892 199,359 196,752 192,089 188,488 198,860 10,372 1 2 Investment income ............................................................................... 815,123 775,846 -39,277 197,596 194,969 190,304 186,691 197,063 10,372 2 3 Direct investment income ...................................................................... 478,381 432,498 -45,883 111,269 106,676 104,645 95,964 106,247 10,283 3 4 Income on equity ............................................................................ 460,430 413,025 -47,405 106,416 102,054 99,302 91,022 101,197 10,175 4 5 Dividends and withdrawals ................................................................. 125,963 108,670 -17,293 28,590 28,539 25,261 20,820 24,713 3,893 5 6 Reinvested earnings ....................................................................... 334,466 304,355 -30,111 77,826 73,515 74,041 70,202 76,484 6,282 6 7 Interest .................................................................................... 17,951 19,473 1,522 4,853 4,622 5,343 4,942 5,049 107 7 8 U.S. parents' receipts .................................................................... 13,390 14,495 1,105 3,584 3,461 3,915 3,583 3,646 63 8 9 U.S. affiliates' receipts ................................................................. 4,561 4,978 417 1,269 1,161 1,428 1,359 1,403 44 9 10 Portfolio investment income ................................................................... 304,984 311,619 6,635 78,387 80,014 77,497 81,617 80,846 -771 10 11 Income on equity and investment fund shares ................................................. 197,747 204,783 7,036 51,373 53,349 51,115 55,969 55,171 -798 11 12 Dividends on equity other than investment fund shares ..................................... 174,705 179,655 4,950 45,373 46,451 44,710 49,006 48,279 -727 12 13 Income attributable to investment fund shareholders ....................................... 23,042 25,128 2,086 6,000 6,898 6,405 6,963 6,892 -71 13 14 Interest on debt securities ................................................................. 107,236 106,836 -400 27,014 26,665 26,382 25,648 25,674 26 14 15 Short term ................................................................................ 717 949 232 189 243 326 590 592 2 15 16 Long term ................................................................................. 106,520 105,887 -633 26,825 26,422 26,056 25,059 25,083 24 16 17 Other investment income ....................................................................... 31,457 31,515 58 7,880 8,227 8,101 9,083 9,950 867 17 18 Interest /1/ ................................................................................ 20,380 21,833 1,453 5,469 5,801 5,656 6,624 7,450 826 18 19 Income attributable to insurance policyholders .............................................. 11,077 9,683 -1,394 2,411 2,426 2,445 2,458 2,500 42 19 20 Reserve asset income .......................................................................... 302 214 -88 59 53 61 28 21 -7 20 21 Interest .................................................................................... 302 214 -88 59 53 61 28 21 -7 21 22 Compensation of employees ....................................................................... 6,684 7,069 385 1,764 1,782 1,785 1,797 1,798 1 22 23 Primary income payments (table 1, line 52) ........................................................ 597,802 600,531 2,729 154,288 154,903 144,974 154,473 155,912 1,439 23 24 Investment income ............................................................................... 580,871 582,466 1,595 149,835 150,301 140,316 149,934 151,281 1,347 24 25 Direct investment income ...................................................................... 189,375 167,103 -22,272 45,754 45,387 36,165 41,057 43,002 1,945 25 26 Income on equity ............................................................................ 154,281 129,003 -25,278 35,938 35,467 27,115 30,363 32,374 2,011 26 27 Dividends and withdrawals ................................................................. 56,860 46,250 -10,610 10,595 12,382 12,347 11,078 9,355 -1,723 27 28 Reinvested earnings ....................................................................... 97,420 82,753 -14,667 25,342 23,085 14,768 19,285 23,018 3,733 28 29 Interest .................................................................................... 35,095 38,101 3,006 9,816 9,921 9,049 10,694 10,629 -65 29 30 U.S. affiliates' payments ................................................................. 29,710 32,192 2,482 8,344 8,422 7,480 9,067 8,955 -112 30 31 U.S. parents' payments .................................................................... 5,385 5,909 524 1,472 1,499 1,569 1,627 1,674 47 31 32 Portfolio investment income ................................................................... 377,521 400,396 22,875 100,471 101,101 99,975 103,113 102,129 -984 32 33 Income on equity and investment fund shares ................................................. 126,289 136,818 10,529 34,642 34,768 32,643 36,118 33,988 -2,130 33 34 Dividends on equity other than investment fund shares ..................................... 100,259 107,965 7,706 27,211 27,380 25,840 28,458 26,805 -1,653 34 35 Income attributable to investment fund shareholders ....................................... 26,030 28,853 2,823 7,431 7,388 6,803 7,660 7,183 -477 35 36 Interest on debt securities ................................................................. 251,232 263,578 12,346 65,829 66,333 67,332 66,994 68,141 1,147 36 37 Short term ................................................................................ 713 1,324 611 239 322 548 859 822 -37 37 38 Long term ................................................................................. 250,520 262,254 11,734 65,590 66,011 66,783 66,136 67,319 1,183 38 39 Other investment income ....................................................................... 13,974 14,967 993 3,611 3,813 4,177 5,765 6,149 384 39 40 Interest /1/ ................................................................................ 11,038 12,302 1,264 2,953 3,142 3,490 5,081 5,463 382 40 41 Income attributable to insurance policyholders .............................................. 2,936 2,665 -271 658 671 687 684 686 2 41 42 Compensation of employees ....................................................................... 16,931 18,065 1,134 4,453 4,602 4,658 4,539 4,632 93 42 43 Balance on primary income (line 1 less line 23) ................................................... 224,005 182,385 -41,620 45,071 41,848 47,115 34,015 42,948 8,933 43 p Preliminary r Revised 1. Primarily interest on loans and deposits. Notes: Details may not add to totals because of rounding. See International Transactions Accounts tables 4.2–4.4 at www.bea.gov/itable/ for additional account detail. Source: U.S. Bureau of Economic Analysis September 15, 2016 Table 5. U.S. International Transactions in Secondary Income [Millions of dollars] Line 2014 2015 Change: Seasonally adjusted Change: 2014 to 2015 2015 2015 2016 2016 2016:I to 2015 II III IV I r II p 2016:II 1 Secondary income (current transfer) receipts (table 1, line 30) ................................... 140,373 128,614 -11,759 33,669 30,852 31,893 31,589 32,248 659 1 2 U.S. government transfers /1/ ................................................................. 38,627 29,120 -9,507 9,082 6,232 6,588 6,884 5,760 -1,124 2 3 Private transfers /2/ ......................................................................... 101,746 99,494 -2,252 24,587 24,620 25,305 24,704 26,488 1,784 3 4 Secondary income (current transfer) payments (table 1, line 58) ................................... 266,261 273,602 7,341 66,616 70,195 68,205 72,225 69,833 -2,392 4 5 U.S. government transfers ..................................................................... 53,211 52,735 -476 11,944 14,068 12,109 15,086 12,149 -2,937 5 6 U.S. government grants /3/ ................................................................ 43,248 42,678 -570 9,429 11,545 9,572 11,207 9,555 -1,652 6 7 U.S. government pensions and other transfers /4/ .......................................... 9,963 10,057 94 2,515 2,523 2,537 3,879 2,594 -1,285 7 8 Private transfers ............................................................................. 213,050 220,867 7,817 54,672 56,127 56,096 57,139 57,684 545 8 9 Personal transfers /5/ .................................................................... 41,822 43,319 1,497 10,771 10,873 10,990 11,123 11,214 91 9 10 Other current transfers /6/ ............................................................... 171,228 177,548 6,320 43,901 45,254 45,106 46,016 46,470 454 10 11 Balance on secondary income (line 1 less line 4) .................................................. -125,888 -144,988 -19,100 -32,947 -39,343 -36,312 -40,637 -37,585 3,052 11 p Preliminary r Revised 1. Primarily withholding taxes received and fines levied by U.S. government agencies. 2. Primarily insurance-related transfers; pensions and benefits received from Canada, Germany, and the United Kingdom; antitrust-related class-action lawsuits; and personal transfers received by U.S. residents. 3. Nonmilitary and military assistance provided to foreigners in the form of goods, services, or cash under programs enacted by the U.S. Congress. 4. Primarily U.S. government social security and retirement benefits paid to former U.S. residents who reside abroad and contributions to international organizations and commissions to meet the financial obligations of membership and to fund United Nations peacekeeping operations. 5. Personal transfers (sometimes called remittances) from U.S. resident immigrants to foreign residents. 6. Primarily insurance-related transfers; withholding taxes paid by U.S. companies; and charitable donations by U.S. entities. Note: Details may not add to totals because of rounding. Source: U.S. Bureau of Economic Analysis September 15, 2016 Table 6. U.S. International Financial Transactions for Direct Investment [Millions of dollars] Line 2014 2015 Change: Seasonally adjusted Change: 2014 to 2015 2015 2015 2016 2016 2016:I to 2015 II III IV I r II p 2016:II   Acquisition of assets / transactions for outward investment 1 Net U.S. acquisition of direct investment assets, asset/liability basis (table 1, line 62) /1/ ..... 343,441 348,646 5,205 114,779 51,322 95,969 67,412 106,069 38,657 1 2 Equity ........................................................................................... 340,942 316,346 -24,596 81,904 79,509 73,622 77,640 103,621 25,981 2 3 Equity other than reinvestment of earnings ..................................................... 6,476 11,991 5,515 4,079 5,994 -419 7,438 27,136 19,698 3 4 Reinvestment of earnings ....................................................................... 334,466 304,355 -30,111 77,826 73,515 74,041 70,202 76,484 6,282 4 5 Debt instruments ................................................................................. 2,499 32,300 29,801 32,875 -28,186 22,347 -10,228 2,449 12,677 5 6 U.S. parents' claims ........................................................................... -13,898 22,855 36,753 18,819 -25,518 20,043 6,962 1,279 -5,683 6 7 U.S. affiliates' claims ........................................................................ 16,396 9,445 -6,951 14,056 -2,669 2,304 -17,190 1,170 18,360 7 8 Less: Adjustments to convert to directional basis .................................................. 31,152 26,152 -5,000 28,821 6,620 -3,248 -9,503 8,082 17,585 8 9 U.S. parents' liabilities ........................................................................ 14,756 16,707 1,951 14,765 9,288 -5,552 7,687 6,912 -775 9 10 U.S. affiliates' claims .......................................................................... 16,396 9,445 -6,951 14,056 -2,669 2,304 -17,190 1,170 18,360 10 11 Equals: Financial transactions for outward direct investment (U.S. direct investment abroad), directional basis /2/ ..................................................................... 312,289 322,494 10,205 85,958 44,703 99,217 76,915 97,987 21,072 11 12 Equity ........................................................................................... 340,942 316,346 -24,596 81,904 79,509 73,622 77,640 103,621 25,981 12 13 Equity other than reinvestment of earnings (line 14 less line 15) .............................. 6,476 11,991 5,515 4,079 5,994 -419 7,438 27,136 19,698 13 14 Increases .................................................................................... 91,870 65,968 -25,902 18,540 16,913 15,022 15,020 35,072 20,052 14 15 Decreases .................................................................................... 85,394 53,977 -31,417 14,462 10,919 15,441 7,582 7,936 354 15 16 Reinvestment of earnings ....................................................................... 334,466 304,355 -30,111 77,826 73,515 74,041 70,202 76,484 6,282 16 17 Reinvestment of earnings without current-cost adjustment ..................................... 314,460 285,038 -29,422 72,991 68,705 69,242 65,382 71,664 6,282 17 18 Current-cost adjustment ...................................................................... 20,006 19,317 -689 4,835 4,810 4,799 4,820 4,820 0 18 19 Debt instruments (line 20 less line 21) .......................................................... -28,653 6,148 34,801 4,054 -34,806 25,595 -726 -5,634 -4,908 19 20 U.S. parents' claims ........................................................................... -13,898 22,855 36,753 18,819 -25,518 20,043 6,962 1,279 -5,683 20 21 U.S. parents' liabilities ...................................................................... 14,756 16,707 1,951 14,765 9,288 -5,552 7,687 6,912 -775 21 22 Financial transactions without current-cost adjustment for outward direct investment, directional basis (line 11 less line 18) /2/ ....................................................... 292,283 303,177 10,894 81,123 39,893 94,418 72,095 93,167 21,072 22 23 Manufacturing .................................................................................. 56,364 49,294 -7,070 10,259 27,014 1,620 7,133 12,477 5,344 23 24 Wholesale trade ................................................................................ 11,013 11,444 431 2,560 3,851 2,480 7,496 6,126 -1,370 24 25 Finance (including depository institutions) and insurance ...................................... -7,791 17,098 24,889 15,701 -46,391 33,292 925 15,754 14,829 25 26 Holding companies except bank holding companies ................................................ 164,022 167,068 3,046 39,787 43,118 37,877 38,980 44,921 5,941 26 27 Other .......................................................................................... 68,675 58,274 -10,401 12,817 12,301 19,150 17,560 13,889 -3,671 27 28 Equity other than reinvestment of earnings ....................................................... 6,476 11,991 5,515 4,079 5,994 -419 7,438 27,136 19,698 28 29 Manufacturing .................................................................................. 10,630 2,248 -8,382 851 1,191 -357 194 800 606 29 30 Wholesale trade ................................................................................ 747 1,450 703 3 (D) (D) 17 27 10 30 31 Finance (including depository institutions) and insurance ...................................... 484 -5,688 -6,172 2,481 -1,618 -2,093 -134 19,763 19,897 31 32 Holding companies except bank holding companies ................................................ -12,396 10,237 22,633 4,911 2,974 622 4,623 4,241 -382 32 33 Other .......................................................................................... 7,012 3,743 -3,269 -4,166 (D) (D) 2,739 2,304 -435 33 34 Reinvestment of earnings without current-cost adjustment ......................................... 314,460 285,038 -29,422 72,991 68,705 69,242 65,382 71,664 6,282 34 35 Manufacturing .................................................................................. 45,784 48,729 2,945 12,827 12,098 11,879 10,954 11,603 649 35 36 Wholesale trade ................................................................................ 18,864 14,100 -4,764 3,527 (D) (D) 3,728 4,072 344 36 37 Finance (including depository institutions) and insurance ...................................... 18,230 18,511 281 6,030 612 4,878 2,753 1,059 -1,694 37 38 Holding companies except bank holding companies ................................................ 170,715 151,121 -19,594 37,143 38,770 35,323 36,844 43,830 6,986 38 39 Other .......................................................................................... 60,866 52,577 -8,289 13,463 (D) (D) 11,102 11,101 -1 39 40 Debt instruments ................................................................................. -28,653 6,148 34,801 4,054 -34,806 25,595 -726 -5,634 -4,908 40 41 Manufacturing .................................................................................. -50 -1,683 -1,633 -3,419 13,725 -9,903 -4,014 74 4,088 41 42 Wholesale trade ................................................................................ -8,598 -4,106 4,492 -970 -1,697 -897 3,752 2,027 -1,725 42 43 Finance (including depository institutions) and insurance ...................................... -26,506 4,275 30,781 7,190 -45,384 30,507 -1,694 -5,068 -3,374 43 44 Holding companies except bank holding companies ................................................ 5,704 5,709 5 -2,267 1,375 1,932 -2,488 -3,149 -661 44 45 Other .......................................................................................... 797 1,953 1,156 3,521 -2,825 3,955 3,719 483 -3,236 45 Incurrence of liabilities / transactions for inward investment 46 Net U.S. incurrence of direct investment liabilities, asset/liability basis (table 1, line 85) /1/.. 207,368 379,435 172,067 108,005 50,590 26,773 91,335 159,588 68,253 46 47 Equity ........................................................................................... 112,000 301,108 189,108 59,370 40,520 40,884 89,637 116,162 26,525 47 48 Equity other than reinvestment of earnings ..................................................... 14,580 218,355 203,775 34,027 17,436 26,116 70,352 93,144 22,792 48 49 Reinvestment of earnings ....................................................................... 97,420 82,753 -14,667 25,342 23,085 14,768 19,285 23,018 3,733 49 50 Debt instruments ................................................................................. 95,368 78,327 -17,041 48,635 10,069 -14,111 1,698 43,426 41,728 50 51 U.S. affiliates' liabilities ................................................................... 80,613 61,620 -18,993 33,870 781 -8,559 -5,989 36,513 42,502 51 52 U.S. parents' liabilities ...................................................................... 14,756 16,707 1,951 14,765 9,288 -5,552 7,687 6,912 -775 52 53 Less: Adjustments to convert to directional basis .................................................. 31,152 26,152 -5,000 28,821 6,620 -3,248 -9,503 8,082 17,585 53 54 U.S. parents' liabilities ........................................................................ 14,756 16,707 1,951 14,765 9,288 -5,552 7,687 6,912 -775 54 55 U.S. affiliates' claims .......................................................................... 16,396 9,445 -6,951 14,056 -2,669 2,304 -17,190 1,170 18,360 55 56 Equals: Financial transactions for inward direct investment (foreign direct investment in the United States), directional basis /2/ .......................................................... 176,216 353,283 177,067 79,184 43,970 30,021 100,838 151,505 50,667 56 57 Equity ........................................................................................... 112,000 301,108 189,108 59,370 40,520 40,884 89,637 116,162 26,525 57 58 Equity other than reinvestment of earnings (line 59 less line 60) .............................. 14,580 218,355 203,775 34,027 17,436 26,116 70,352 93,144 22,792 58 59 Increases .................................................................................... 194,936 252,664 57,728 37,422 30,333 33,845 72,387 99,271 26,884 59 60 Decreases .................................................................................... 180,356 34,310 -146,046 3,394 12,898 7,729 2,035 6,127 4,092 60 61 Reinvestment of earnings ....................................................................... 97,420 82,753 -14,667 25,342 23,085 14,768 19,285 23,018 3,733 61 62 Reinvestment of earnings without current-cost adjustment ..................................... 92,805 77,872 -14,933 24,125 21,856 13,534 18,061 21,795 3,734 62 63 Current-cost adjustment ...................................................................... 4,615 4,881 266 1,217 1,229 1,234 1,224 1,223 -1 63 64 Debt instruments (line 65 less line 66) .......................................................... 64,216 52,175 -12,041 19,815 3,450 -10,863 11,201 35,343 24,142 64 65 U.S. affiliates' liabilities ................................................................... 80,613 61,620 -18,993 33,870 781 -8,559 -5,989 36,513 42,502 65 66 U.S. affiliates' claims ........................................................................ 16,396 9,445 -6,951 14,056 -2,669 2,304 -17,190 1,170 18,360 66 67 Financial transactions without current-cost adjustment for inward direct investment, directional basis (line 56 less line 63) /2/ ....................................................... 171,601 348,402 176,801 77,967 42,741 28,787 99,614 150,282 50,668 67 68 Manufacturing .................................................................................. 148,896 243,133 94,237 41,080 23,560 -1,648 36,833 78,334 41,501 68 69 Wholesale trade ................................................................................ 25,863 20,229 -5,634 2,748 5,202 9,688 -4,616 1,560 6,176 69 70 Finance (including depository institutions) and insurance ...................................... 20,963 30,739 9,776 6,582 2,962 12,981 55,584 6,256 -49,328 70 71 Other .......................................................................................... -24,121 54,301 78,422 27,558 11,018 7,766 11,813 64,133 52,320 71 72 Equity other than reinvestment of earnings ....................................................... 14,580 218,355 203,775 34,027 17,436 26,116 70,352 93,144 22,792 72 73 Manufacturing .................................................................................. 67,642 157,250 89,608 11,962 9,094 7,981 24,094 45,235 21,141 73 74 Wholesale trade ................................................................................ 17,239 20,273 3,034 4,246 (D) (D) 1,118 1,277 159 74 75 Finance (including depository institutions) and insurance ...................................... 682 17,323 16,641 4,039 -2,635 13,528 36,094 3,256 -32,838 75 76 Other .......................................................................................... -70,984 23,509 94,493 13,781 (D) (D) 9,046 43,375 34,329 76 77 Reinvestment of earnings without current-cost adjustment ......................................... 92,805 77,872 -14,933 24,125 21,856 13,534 18,061 21,795 3,734 77 78 Manufacturing .................................................................................. 42,642 32,445 -10,197 10,152 11,848 2,142 7,924 11,856 3,932 78 79 Wholesale trade ................................................................................ 8,780 11,558 2,778 3,085 (D) (D) 2,397 2,138 -259 79 80 Finance (including depository institutions) and insurance ...................................... 16,285 15,815 -470 3,781 3,552 4,025 4,135 4,355 220 80 81 Other .......................................................................................... 25,099 18,053 -7,046 7,108 (D) (D) 3,604 3,446 -158 81 82 Debt instruments ................................................................................. 64,216 52,175 -12,041 19,815 3,450 -10,863 11,201 35,343 24,142 82 83 Manufacturing .................................................................................. 38,612 53,438 14,826 18,965 2,618 -11,771 4,816 21,242 16,426 83 84 Wholesale trade ................................................................................ -156 -11,603 -11,447 -4,583 -2,233 3,060 -8,132 -1,856 6,276 84 85 Finance (including depository institutions) and insurance ...................................... 3,996 -2,398 -6,394 -1,238 2,045 -4,572 15,355 -1,355 -16,710 85 86 Other .......................................................................................... 21,764 12,738 -9,026 6,670 1,020 2,420 -838 17,312 18,150 86 p Preliminary r Revised (D) Suppressed to avoid disclosure of individual companies. 1. Financial transactions on an asset/liability basis are organized according to whether the transactions relate to an asset or a liability. Net U.S. acquisition of direct investment assets relates to U.S. parent and U.S. affiliate acquisition of claims (assets). Net U.S. incurrence of direct investment liabilities relates to U.S. affiliate and U.S. parent incurrence of liabilities. 2. Financial transactions on a directional basis are organized according to whether the transactions relate to outward investment (U.S. direct investment abroad) or inward investment (foreign direct investment in the United States). Transactions for outward investment relate to transactions for U.S. parent claims and liabilities. Transactions for inward investment relate to transactions for U.S. affiliate liabilities and claims. Notes: Details may not add to totals because of rounding. Source: U.S. Bureau of Economic Analysis September 15, 2016 Table 7. U.S. International Financial Transactions for Portfolio Investment [Millions of dollars] Line 2014 2015 Change: Not seasonally adjusted Change: 2014 to 2015 2015 2015 2016 2016 2016:I to 2015 II III IV I r II p 2016:II Assets and liabilities by instrument 1 Net U.S. acquisition of portfolio investment assets (table 1, line 65) ............................. 582,688 153,968 -428,720 140,675 -97,468 -122,306 -57,326 109,942 167,268 1 By type of foreign security: 2 Equity and investment fund shares .............................................................. 431,625 202,574 -229,051 113,691 -54,115 -54,186 -60,527 131,130 191,657 2 3 Equity other than investment fund shares ..................................................... 380,975 179,616 -201,359 100,412 -47,118 -47,396 -52,997 114,752 167,749 3 4 Investment fund shares ....................................................................... 50,651 22,957 -27,694 13,279 -6,997 -6,789 -7,530 16,378 23,908 4 5 Debt securities ................................................................................ 151,063 -48,606 -199,669 26,983 -43,354 -68,121 3,200 -21,188 -24,388 5 6 Short term ................................................................................... 11,389 42,484 31,095 22,795 12,690 -20,563 45,866 -24,220 -70,086 6 7 Negotiable certificates of deposit ......................................................... -10,989 -4,947 6,042 2,835 -3,626 -6,447 22,386 -10,079 -32,465 7 8 Commercial paper ........................................................................... 8,928 54,638 45,710 27,194 19,152 -19,772 20,223 -10,519 -30,742 8 9 Other short-term securities ................................................................ 13,450 -7,207 -20,657 -7,234 -2,836 5,656 3,258 -3,622 -6,880 9 10 Long term .................................................................................... 139,674 -91,090 -230,764 4,188 -56,044 -47,558 -42,666 3,033 45,699 10 11 Government securities ...................................................................... 40,969 -24,958 -65,927 1,171 -15,440 -13,045 -12,164 870 13,034 11 12 Corporate bonds and notes .................................................................. 99,505 -65,664 -165,169 2,749 -40,261 -33,903 -32,618 3,116 35,734 12 13 Negotiable certificates of deposit ......................................................... -800 -468 332 268 -343 -610 2,117 -953 -3,070 13 14 Net U.S. incurrence of portfolio investment liabilities (table 1, line 88) ......................... 701,861 250,936 -450,925 256,154 -126,250 18,109 -21,197 -1,188 20,009 14 By type of U.S. security acquired by foreign residents: 15 Equity and investment fund shares .............................................................. 154,311 -178,266 -332,577 -22,605 -33,301 -153,464 -95,660 -56,406 39,254 15 16 Equity other than investment fund shares ..................................................... 122,107 -140,829 -262,936 -17,757 -26,224 -121,482 -75,370 -44,487 30,883 16 17 Investment fund shares ....................................................................... 32,204 -37,438 -69,642 -4,849 -7,076 -31,982 -20,289 -11,919 8,370 17 18 Debt securities ................................................................................ 547,550 429,202 -118,348 278,759 -92,949 171,573 74,462 55,218 -19,244 18 19 Short term ................................................................................... 22,329 45,783 23,454 -5,818 -51,361 65,957 -10,464 -29,057 -18,593 19 20 Treasury bills and certificates ............................................................ -13,891 53,069 66,960 -1,012 -34,134 57,561 217 -42,709 -42,926 20 21 Federally sponsored agency securities ...................................................... 15,055 -271 -15,326 9,259 -7,170 -1,119 -7,243 -1,132 6,111 21 22 Negotiable certificates of deposit ......................................................... 13,482 -4,526 -18,008 -8,188 1,667 6,006 -255 7,433 7,688 22 23 Commercial paper and other securities ...................................................... 7,683 -2,489 -10,172 -5,876 -11,723 3,509 -3,183 7,351 10,534 23 24 Long term .................................................................................... 525,221 383,419 -141,802 284,577 -41,588 105,616 84,927 84,276 -651 24 25 Treasury bonds and notes ................................................................... 332,434 -4,760 -337,194 78,088 -78,274 61,067 18,819 -26,759 -45,578 25 26 State and local government securities ...................................................... 4,328 6,911 2,583 2,969 580 1,101 714 1,537 823 26 27 Federally sponsored agency securities ...................................................... -23,167 22,342 45,509 46,561 5,056 -17,327 26,278 27,135 857 27 28 Corporate bonds and notes .................................................................. 209,584 359,686 150,102 158,370 30,763 59,740 39,160 81,083 41,923 28 29 Negotiable certificates of deposit ......................................................... 2,044 -760 -2,804 -1,410 287 1,034 -44 1,280 1,324 29 Assets by sector of U.S. holder 30 Net U.S. acquisition of portfolio investment assets (line 1) ....................................... 582,688 153,968 -428,720 140,675 -97,468 -122,306 -57,326 109,942 167,268 30 31 Deposit-taking institutions except central bank .................................................. 3,690 -6,955 -10,645 573 -6,055 -4,746 -4,541 2,389 6,930 31 32 Equity and investment fund shares .............................................................. 7,399 3,091 -4,308 1,637 -795 -807 -938 2,033 2,971 32 33 Debt securities ................................................................................ -3,709 -10,046 -6,337 -1,064 -5,260 -3,939 -3,603 357 3,960 33 34 Short term ................................................................................... -13,719 -1,971 11,748 -1,639 -355 661 -1,658 943 2,601 34 35 Long term .................................................................................... 10,011 -8,075 -18,086 575 -4,905 -4,600 -1,945 -586 1,359 35 36 Other financial institutions ..................................................................... 505,657 147,892 -357,765 126,029 -77,815 -105,241 -39,298 90,153 129,451 36 37 Equity and investment fund shares .............................................................. 370,192 175,051 -195,141 98,286 -46,728 -46,795 -51,805 112,601 164,406 37 38 Debt securities ................................................................................ 135,465 -27,158 -162,623 27,743 -31,087 -58,447 12,507 -22,448 -34,955 38 39 Short term ................................................................................... 25,090 44,695 19,605 24,617 13,117 -21,236 47,567 -25,602 -73,169 39 40 Long term .................................................................................... 110,375 -71,854 -182,229 3,126 -44,204 -37,211 -35,060 3,153 38,213 40 41 Nonfinancial institutions except general government .............................................. 73,340 13,031 -60,309 14,073 -13,598 -12,318 -13,487 17,400 30,887 41 42 Equity and investment fund shares .............................................................. 54,034 24,433 -29,601 13,768 -6,591 -6,584 -7,784 16,496 24,280 42 43 Debt securities ................................................................................ 19,307 -11,401 -30,708 305 -7,007 -5,735 -5,704 904 6,608 43 44 Short term ................................................................................... 18 -240 -258 -182 -72 12 -43 439 482 44 45 Long term .................................................................................... 19,289 -11,161 -30,450 487 -6,935 -5,746 -5,661 466 6,127 45 Liabilities by sector of U.S. issuer 46 Net U.S. incurrence of portfolio investment liabilities (line 14) .................................. 701,861 250,936 -450,925 256,154 -126,250 18,109 -21,197 -1,188 20,009 46 47 Deposit-taking institutions except central bank .................................................. 50,257 23,359 -26,898 8,030 2,237 7,016 -421 11,040 11,461 47 48 Equity and investment fund shares .............................................................. 8,362 -8,616 -16,978 -1,169 -1,602 -7,351 -4,238 -2,465 1,773 48 49 Debt securities ................................................................................ 41,895 31,974 -9,921 9,199 3,839 14,367 3,816 13,505 9,689 49 50 Short term ................................................................................... 18,942 -3,243 -22,185 -5,450 568 7,502 19 4,255 4,236 50 51 Long term .................................................................................... 22,953 35,217 12,264 14,649 3,271 6,865 3,798 9,250 5,452 51 52 Other financial institutions ..................................................................... 107,113 107,479 366 101,123 -5,185 -36,429 6,307 48,117 41,810 52 53 Equity and investment fund shares .............................................................. 37,700 -49,659 -87,359 -6,192 -9,268 -42,218 -26,469 -15,771 10,698 53 54 Debt securities ................................................................................ 69,413 157,138 87,725 107,314 4,083 5,789 32,776 63,889 31,113 54 55 Federally sponsored agency securities ........................................................ -8,113 22,070 30,183 55,819 -2,114 -18,445 19,035 26,003 6,968 55 56 Short term ................................................................................. 15,055 -271 -15,326 9,259 -7,170 -1,119 -7,243 -1,132 6,111 56 57 Long term .................................................................................. -23,167 22,342 45,509 46,561 5,056 -17,327 26,278 27,135 857 57 58 Other securities ............................................................................. 77,526 135,068 57,542 51,495 6,197 24,234 13,741 37,885 24,144 58 59 Short term ................................................................................. -2,648 -2,982 -334 -9,478 -5,795 1,402 -791 8,939 9,730 59 60 Long term .................................................................................. 80,174 138,049 57,875 60,973 11,991 22,833 14,532 28,947 14,415 60 61 Nonfinancial institutions except general government .............................................. 221,620 64,878 -156,742 66,957 -11,473 -72,207 -46,832 7,586 54,418 61 62 Equity and investment fund shares .............................................................. 108,249 -119,992 -228,241 -15,245 -22,431 -103,895 -64,953 -38,170 26,783 62 63 Debt securities ................................................................................ 113,372 184,870 71,498 82,202 10,958 31,687 18,121 45,756 27,635 63 64 Short term ................................................................................... 4,872 -790 -5,662 863 -4,829 611 -2,666 1,590 4,256 64 65 Long term .................................................................................... 108,500 185,660 77,160 81,339 15,787 31,077 20,786 44,166 23,380 65 66 General government ............................................................................... 322,870 55,220 -267,650 80,044 -111,828 119,729 19,750 -67,931 -87,681 66 67 Debt securities ................................................................................ 322,870 55,220 -267,650 80,044 -111,828 119,729 19,750 -67,931 -87,681 67 68 U.S. Treasury securities ..................................................................... 318,543 48,309 -270,234 77,076 -112,408 118,628 19,036 -69,468 -88,504 68 69 Short term ................................................................................. -13,891 53,069 66,960 -1,012 -34,134 57,561 217 -42,709 -42,926 69 70 Long term .................................................................................. 332,434 -4,760 -337,194 78,088 -78,274 61,067 18,819 -26,759 -45,578 70 71 State and local government long-term securities .............................................. 4,328 6,911 2,583 2,969 580 1,101 714 1,537 823 71 p Preliminary r Revised Notes: Details may not add to totals because of rounding. Source: U.S. Bureau of Economic Analysis September 15, 2016 Table 8. U.S. International Financial Transactions for Other Investment /1/ [Millions of dollars] Line 2014 2015 Change: Not seasonally adjusted Change: 2014 to 2015 2015 2015 2016 2016 2016:I to 2015 II III IV I r II p 2016:II Assets and liabilities by instrument 1 Net U.S. acquisition of other investment assets (table 1, line 70) ................................. -99,203 -270,924 -171,721 -150,455 -37,412 -125,134 50,968 77,495 26,527 1 By type of claim on foreign residents: 2 Currency and deposits .......................................................................... -160,433 -194,429 -33,996 -70,144 -66,480 -50,368 72,116 -23,601 -95,717 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 -70,144 -66,480 -50,368 72,116 -23,601 -95,717 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 -79,588 28,173 -73,938 -24,242 103,449 127,691 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 -723 895 -828 3,094 -2,353 -5,447 11 12 Short term ................................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 12 13 Long term .................................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 13 14 Net U.S. incurrence of other investment liabilities (table 1, line 93) ............................. 147,145 -235,137 -382,282 -158,723 35,775 -163,204 48,069 191,968 143,899 14 By type of liability to foreign residents: 15 Currency and deposits .......................................................................... 59,579 33,406 -26,173 -1,720 10,946 23,621 -40,969 92,519 133,488 15 16 Currency (short term) ........................................................................ 66,265 38,370 -27,895 -624 13,364 14,122 12,578 7,184 -5,394 16 17 Deposits ..................................................................................... -6,686 -4,964 1,722 -1,096 -2,418 9,499 -53,547 85,335 138,882 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 -162,179 19,479 -186,267 84,376 93,237 8,861 20 21 Short term ................................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 21 22 Long term .................................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 22 23 Insurance technical reserves ................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 23 24 Trade credit and advances ...................................................................... 13,985 14,169 184 5,175 5,351 -559 4,662 6,213 1,551 24 25 Short term ................................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 25 26 Long term .................................................................................... n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 26 27 Special drawing rights allocations ............................................................. 0 0 0 0 0 0 0 0 0 27 Assets by sector of U.S. holder 28 Net U.S. acquisition of other investment assets (line 1) ........................................... -99,203 -270,924 -171,721 -150,455 -37,412 -125,134 50,968 77,495 26,527 28 29 Central bank ..................................................................................... 1,256 -531 -1,787 -175 46 316 -851 2,848 3,699 29 30 Currency and deposits .......................................................................... 1,256 -531 -1,787 -175 46 316 -851 2,848 3,699 30 31 Deposits ..................................................................................... 1,256 -531 -1,787 -175 46 316 -851 2,848 3,699 31 32 Short term ................................................................................. 1,256 -531 -1,787 -175 46 316 -851 2,848 3,699 32 33 Deposit-taking institutions except central bank .................................................. -9,271 -7,568 1,703 -30,046 -19,042 46,359 -20,265 28,101 48,366 33 34 Of which: Interbank transactions ............................................................. -41,540 -44,721 -3,181 -36,777 -32,894 49,806 -49,676 26,790 76,466 34 35 Currency and deposits .......................................................................... -55,552 41,586 97,138 15,952 -4,035 23,927 59,190 7,702 -51,488 35 36 Deposits ..................................................................................... -55,552 41,586 97,138 15,952 -4,035 23,927 59,190 7,702 -51,488 36 37 Of which: Resale agreements .............................................................. 8,258 23,598 15,340 -402 19,332 -894 41,897 30,557 -11,340 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 -45,998 -15,007 22,432 -79,454 20,399 99,853 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 -120,094 -19,307 -173,896 70,274 46,253 -24,021 43 44 Currency and deposits .......................................................................... -106,137 -235,484 -129,347 -85,921 -62,491 -74,611 13,777 -34,151 -47,928 44 45 Deposits ..................................................................................... -106,137 -235,484 -129,347 -85,921 -62,491 -74,611 13,777 -34,151 -47,928 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 -33,450 42,289 -98,457 53,402 82,757 29,355 48 49 Of which: Resale agreements ................................................................ 7,727 51,283 43,556 -17,958 73,405 -66,616 26,187 65,190 39,003 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 -723 895 -828 3,094 -2,353 -5,447 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 -140 891 2,087 1,810 293 -1,517 56 57 Loans .......................................................................................... 5,458 5,256 -202 -140 891 2,087 1,810 293 -1,517 57 58 Long term .................................................................................... 5,458 5,256 -202 -140 891 2,087 1,810 293 -1,517 58 Liabilities by sector of U.S. issuer 59 Net U.S. incurrence of other investment liabilities (line 14) ...................................... 147,145 -235,137 -382,282 -158,723 35,775 -163,204 48,069 191,968 143,899 59 60 Central bank ..................................................................................... 58,500 163,025 104,525 6,588 40,234 59,469 21,566 28,731 7,165 60 61 Currency and deposits .......................................................................... 58,500 163,025 104,525 6,588 40,234 59,469 21,566 28,731 7,165 61 62 Currency (short term) ........................................................................ 66,265 38,370 -27,895 -624 13,364 14,122 12,578 7,184 -5,394 62 63 Deposits ..................................................................................... -7,765 124,655 132,420 7,212 26,870 45,347 8,988 21,547 12,559 63 64 Short term ................................................................................. -7,765 124,655 132,420 7,212 26,870 45,347 8,988 21,547 12,559 64 65 Deposit-taking institutions except central bank .................................................. -78,457 -180,581 -102,124 -59,979 -30,239 -72,762 -40,339 84,398 124,737 65 66 Of which: Interbank transactions ............................................................. -131,499 -131,582 -83 -44,154 -3,496 -46,206 -70,104 62,065 132,169 66 67 Currency and deposits .......................................................................... -65,036 -114,792 -49,756 12,150 -40,292 -15,581 -75,005 66,506 141,511 67 68 Deposits ..................................................................................... -65,036 -114,792 -49,756 12,150 -40,292 -15,581 -75,005 66,506 141,511 68 69 Of which: Repurchase agreements .......................................................... 40,785 -13,280 -54,065 8,323 -14,354 2,332 11,650 11,900 250 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 -72,129 10,053 -57,182 34,666 17,891 -16,775 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 -110,556 19,746 -151,798 62,281 75,622 13,341 75 76 Currency and deposits /2/ ...................................................................... 66,115 -14,827 -80,942 -20,458 11,004 -20,266 12,470 -2,719 -15,189 76 77 Deposits ..................................................................................... 66,115 -14,827 -80,942 -20,458 11,004 -20,266 12,470 -2,719 -15,189 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 -90,050 9,426 -129,085 49,711 75,346 25,635 80 81 Of which: Repurchase agreements ............................................................ 64,766 -130,111 -194,877 -78,014 34,013 -84,598 26,263 33,014 6,751 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 -49 -684 -2,446 100 2,995 2,895 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 5,224 6,034 1,887 4,562 3,218 -1,344 88 89 Trade credit and advances ...................................................................... 8,969 15,379 6,410 5,224 6,034 1,887 4,562 3,218 -1,344 89 90 Long term .................................................................................... 8,969 15,379 6,410 5,224 6,034 1,887 4,562 3,218 -1,344 90 91 Special drawing rights allocations ............................................................. 0 0 0 0 0 0 0 0 0 91 p Preliminary r Revised n.a. Not available 1. Other investment includes financial-account transactions other than transactions for direct investment, portfolio investment, financial derivatives other than reserves, and reserve assets. 2. Consists of near-deposit instruments issued by other financial institutions. Notes: Details may not add to totals because of rounding. Source: U.S. Bureau of Economic Analysis