January (revised), as imports increased more than exports. GOODS AND ... NOTE: Total goods data are reported on a balanc
U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES U.S. CENSUS BUREAU
AND
U.S. BUREAU
GOODS
OF
AND
ECONOMIC ANALYSIS | ECONOMICS
AND
STATISTICS ADMINISTRATION | U.S. DEPARTMENT
SERVICES DEFICIT INCREASED
IN
OF
COMMERCE
FEBRUARY 2018
(SEASONALLY ADJUSTED) The nation’s international trade deficit in goods and services increased to $57.6 billion in February from $56.7 billion in January (revised), as imports increased more than exports.
GOODS
AND
Exports were $204.4 billion in February, up from $200.9 billion in January. Goods were $137.2 billion in February, up from $134.1 billion in January. Services were $67.3 billion in February, up from $66.8 billion in January.
Imports were $262.0 billion in February, up from $257.6 billion in January. Goods were $214.2 billion in February, up from $210.9 billion in January. Services were $47.8 billion in February, up from $46.8 billion in January.
For goods, the deficit was $77.0 billion in February, up from $76.7 billion in January. For services, the surplus was $19.4 billion in February, down from $20.0 billion in January.
BY
CATEGORY
(CENSUS
TOP INCREASES MATERIALS
SERVICES
OF
GOODS
AND
SERVICES
(BILLIONS
OF
DOLLARS)
BASIS)
Imports of goods increased $3.5 billion to $212.5 billion. Capital goods increased $1.8 billion, reflecting increases in civilian aircraft ($0.5 billion) and in materials handling equipment ($0.3 billion).
Exports of goods increased $3.1 billion to $136.7 billion. Industrial supplies and materials increased $2.0 billion, reflecting increases in nonmonetary gold ($0.6 billion) and in crude oil ($0.3 billion).
(BILLIONS
IN
SERVICES
GOODS
TRADE
FOR
EXPORTS
OF INDUSTRIAL
SUPPLIES
TOP INCREASES
AND
(BILLIONS
OF
FOR IMPORTS OF
DOLLARS)
CAPITAL GOODS
DOLLARS)
BY
CATEGORY
Exports of services increased $0.5 billion to $67.3 billion in February. The largest increases were in transport ($0.2 billion), in travel (for all purposes including education) ($0.1 billion), and in charges for the use of intellectual property ($0.1 billion).
Increased
Imports of services increased $1.1 billion to $47.8 billion in February. The largest increase was in charges for the use of intellectual property ($1.0 billion), which included payments for the rights to broadcast the 2018 Winter Olympic Games. The largest decrease was in travel (for all purposes including education) ($0.2 billion).
Decreased
Changed less than $0.1 billion
Record High
This and more information is provided in the U.S. Census Bureau and U.S. Bureau of Economic Analysis news release, U.S. International Trade in Goods and Services: February 2018 (FT-900). For further information on goods, contact Mala Kline, Economic Indicators Division, U.S. Census Bureau, on (301) 763-2311; on services, contact Edward Dozier, U.S. Bureau of Economic Analysis, on (301) 278-9559. The next FT-900 release is May 3, 2018. NOTE: Total goods data are reported on a balance of payments basis; commodity and geographical data for goods are on a Census basis. For information on data sources and definitions, see the explanatory notes in the FT-900 at www.census.gov/ ft900 or www.bea.gov/newsreleases/international/trade/tradnewsrelease.htm.
Page 1
U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES U.S. CENSUS BUREAU
AND
U.S. BUREAU
OF
ECONOMIC ANALYSIS | ECONOMICS
GOODS (BILLIONS
EUROPEAN UNION
(ORIGIN
OF
GOODS
BY
(MILLIONS
OF
TO
GEOGRAPHIC AREA CANADA
The goods deficit with China decreased from $36.0 billion in January to $29.3 billion in February. Exports were $9.8 billion, a decrease of less than $0.1 billion from January, while imports decreased $6.7 billion (primarily cell phones) to $39.1 billion.
REAL TRADE
STATE
(BILLIONS
OF
IN
The goods deficit with Canada decreased from $3.7 billion in January to $0.4 billion in February. Exports increased $1.0 billion (primarily civilian aircraft, engines, and parts and passenger cars) to $23.5 billion, while imports decreased $2.4 billion (primarily crude oil) to $23.9 billion.
PETROLEUM PRODUCTS
CHAINED (2009) DOLLARS, SEASONALLY ADJUSTED)
FEBRUARY INCREASES
January Total
February Total
Change
New York
6,598.7
7,979.2
1,380.5
California
13,701.2
14,615.0
913.8
Georgia
2,721.4
3,213.1
491.8
South Carolina
2,330.3
2,695.5
365.2
Virginia
1,367.4
1,625.4
258.0
January Total
February Total
Change
TOP JANUARY OF
COMMERCE
DOLLARS, NOT SEASONALLY ADJUSTED)
State
(MILLIONS
OF
DOLLARS, NOT SEASONALLY ADJUSTED)
OF MOVEMENT)
TOP JANUARY
BY
STATISTICS ADMINISTRATION | U.S. DEPARTMENT
CHINA
The goods deficit with the European Union decreased from $13.6 billion in January to $12.0 billion in February. Exports increased $1.7 billion (primarily passenger cars and artwork, antiques, and stamps) to $25.0 billion, while imports increased $0.1 billion (primarily civilian aircraft and passenger cars) to $37.0 billion.
EXPORTS
OF
AND
TO
FEBRUARY DECREASES
DOLLARS, NOT SEASONALLY ADJUSTED)
State Texas
23,762.3
22,880.1
-882.2
Puerto Rico
1,328.1
1,151.5
-176.6
North Carolina
2,769.3
2,612.8
-156.5
Massachusetts
2,173.3
2,027.8
-145.6
Oregon
1,773.5
1,646.3
-127.2
Increased
This space is used to present information on events that significantly impact trade, to highlight new or annual statistics or record levels of trade, or to report on trade in automotive or petroleum products, in manufactured goods, or with Free Trade Agreement partners.
Decreased
Changed less than $0.1 billion
Record High
This and more information is provided in the U.S. Census Bureau and U.S. Bureau of Economic Analysis news release, U.S. International Trade in Goods and Services: February 2018 (FT-900). For further information on goods, contact Mala Kline, Economic Indicators Division, U.S. Census Bureau, on (301) 763-2311; on services, contact Edward Dozier, U.S. Bureau of Economic Analysis, on (301) 278-9559. The next FT-900 release is May 3, 2018. NOTE: Total goods data are reported on a balance of payments basis; commodity and geographical data for goods are on a Census basis. For information on data sources and definitions, see the explanatory notes in the FT-900 at www.census.gov/ ft900 or www.bea.gov/newsreleases/international/trade/tradnewsrelease.htm.
Page 2
