International Trade & Investment

Did the U.S. current account deficit grow or shrink last year? What products make up the largest share of U.S. goods exports? What types of assets make up the largest portion of U.S. financial investments abroad? In which state do U.S. affiliates of foreign multinational enterprises employ the most people?

The U.S. monthly international trade deficit increased in June 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $71.0 billion in May (revised) to $75.7 billion in June, as imports increased more than exports. The previously published May deficit was $71.2 billion. The goods deficit increased $4.0 billion in June to $93.2 billion. The services surplus decreased $0.7 billion in June to $17.4 billion.

The U.S. monthly international trade deficit increased in May 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $69.1 billion in April (revised) to $71.2 billion in May, as imports increased more than exports. The previously published April deficit was $68.9 billion. The goods deficit increased $2.3 billion in May to $89.2 billion. The services surplus increased $0.1 billion in May to $17.9 billion.

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$14.01 trillion at the end of 2020, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $32.26 trillion and liabilities were $46.27 trillion. At the end of 2019, the net investment position was –$11.23 trillion.

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$14.32 trillion at the end of the first quarter of 2021, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $32.81 trillion and liabilities were $47.13 trillion. At the end of the fourth quarter of 2020, the net investment position was –$14.01 trillion.

The U.S. monthly international trade deficit decreased in April 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $75.0 billion in March (revised) to $68.9 billion in April, as exports increased and imports decreased. The previously published March deficit was $74.4 billion. The goods deficit decreased $6.2 billion in April to $86.7 billion. The services surplus decreased $0.1 billion in April to $17.8 billion.

The U.S. monthly international trade deficit increased in March 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $70.5 billion in February (revised) to $74.4 billion in March, as imports increased more than exports. The previously published February deficit was $71.1 billion. The goods deficit increased $3.6 billion in March to $91.6 billion. The services surplus decreased $0.3 billion in March to $17.1 billion.

The U.S. monthly international trade deficit increased in February 2021 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $67.8 billion in January (revised) to $71.1 billion in February, as exports decreased more than imports. The previously published January deficit was $68.2 billion. The goods deficit increased $2.8 billion in February to $88.0 billion. The services surplus decreased $0.5 billion in February to $16.9 billion.

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$14.09 trillion at the end of the fourth quarter of 2020, according to statistics released by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $32.16 trillion and liabilities were $46.25 trillion. At the end of the third quarter, the net investment position was –$13.86 trillion.

The U.S. current account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, widened by $167.0 billion, or 34.8 percent, to $647.2 billion in 2020. The widening mostly reflected reduced surpluses on primary income and on services and an expanded deficit on goods. The 2020 deficit was 3.1 percent of current dollar gross domestic product, up from 2.2 percent in 2019.