U.S. International Trade: Data and Forecasts: Searching Inside

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... IB96038 U.S. Bilateral Trade Balances The overall U.S. merchandise trade balance consists... bilateral trade balances, since rising deficits with some nations are often offset by declining deficits... or growing surpluses with others. Nonetheless, abnormally large or rapidly increasing trade deficits.... trade balances with selected nations. Most of the U.S. trade deficit can be accounted for by trade... with China, Japan, Canada, Mexico, and Germany. Trade with the oil exporting countries also is in deficit

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... IB96038 MOST RECENT DEVELOPMENTS In 2003, the trade deficit in goods and services, at $489.3... billion (BoP basis), was 17% higher than 2002. The 2003 deficit on goods trade with China was $123.9..., and Taiwan) was $20.8 billion. Year-to-date (January-October 2004), the trade deficit in goods and services..., at $500.5 billion, is 21% higher compared to the same period in 2003. In 2003, the average monthly trade... deficit (goods and services) was over $41 billion. In 2004, the trade deficit has been averaging about $50

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... 01-05-05 U.S. International Trade: Data and Forecasts SUMMARY In 2003 the United States incurred... a merchandise trade deficit of $535.7 billion on a Census basis and $549.4 billion on a balance-of-payments... basis (BoP). A surplus in services trade of $60 billion gave a deficit of $489.3 billion on goods... and services (BoP) for the year, 17% higher than 2002. Year-to-date (January-October 2004), the trade deficit..., the United States has incurred continual merchandise trade deficits. They increased dramatically from $36.5

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... IB96038 Many economists fear that the rising U.S. trade and current account deficits could lead... a policy concern.1 The U.S. government compiles trade data in four different ways. The data on goods trade... of national income and product accounts (NIPA). In 2003, for example, the U.S. merchandise trade deficit... data also may be adjusted for inflation to gauge movement in trade volumes as distinct from trade... costs. The data on merchandise trade presented below do not include insurance and freight charges

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... IB96038 Table 4. U.S. Merchandise and Current Account Trade: Actual and Forecasts (billions of U.S... Merchandise Trade Exports Actual 684.0 772.0 718.7 681.8 713.1 Global Insighta... 1489.3 1583.2 Trade Balance Actual -346.0 -452.4 -427.2 -482.9 -547.6 Global... Insighta -661.5 -659.2 Services Trade Balance Actual... of Economic Analysis, Survey of Current Business, April 2003; U.S. Census Bureau, Foreign Trade Statistics

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... IB96038 Merchandise Trade Balance in Volume Terms Like other economic variables, exports... and imports, reported in terms of their values, can change merely because prices change. Trade data, therefore... to as "volume" and not "real," because some trade commodities actually are reported in volume terms (e.g., tons... by over 80% on a physical volume basis, the U.S. trade deficit in terms of volume is also increasing..., and Trade Balance by Volume (2000 base), 1990-2004 2000 1750 1500 1250 1000 750 500 250 0 -250 -500 -750

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... IB96038 01-05-05 merchandise trade on a balance of payments basis amounted to $1.97 trillion..., with exports of $713 billion and imports of $1,261 billion. The U.S. merchandise trade deficit rose 13.4.... The increase in the trade deficit to 2000 was due largely to sluggish demand for U.S. exports, caused primarily... of gross domestic product (GDP), the deficit on goods trade rose from 1.9% in 1990 to 5.1% in 2003. Figure... 1. U.S. Imports, Exports, Merchandise Trade Balance, and Real Effective Dollar Exchange Rate

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... IB96038 Table 9. U.S. Trade in Advanced Technology Products (billions of U.S. dollars) Year 1990... Source: U.S. Bureau of the Census. U.S. International Trade in Goods and Services. FT-900, issued monthly... in the selected classification code. Table 10. U.S. Trade in Passenger Automobiles by Selected Countries, 2003... Trade Balance -92,254 -19,804 -15,774 -7,857 -31,731 -9,328 5,882 CRS-15 U.S. Imports 59.3 63.3 71.9... of the Census. U.S. International Trade in Goods and Services. FT-900, issued monthly. Trade Balance 34.1 38.3

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... and Merchandise Trade Balances, 1982-2003 $Billions 100 -100 -200 -300 -30 Current Account Balance e merchandisee... Trade -400Baac -500 -600 82 838 4 85 86 87 888 9 90 91 92 93 94 95 96 97 98 99 0 1 2 3 Year Source: U.S... to $473.9 billion in 2002 and $530.7 billion in 2003 or 5.3% of GDP. Since the merchandise trade balance... trade balance, however, the services account has been in surplus since 1975. In 2003, the United States... surplus in its services trade was $60.0 billion. Since Americans are such large investors in foreign

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... Trade Balance Merchandise Trade Balance in Volume Terms Current Account Balance Forecasts U.S. Bilateral... Trade Balances

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.... Top 30 U.S. Trading Partners Ranked by Total Trade in Goods (Exports + Imports) in 2003 (millions... of U.S. dollars) Country Total Exports Imports Trade ny Trade (f.a.s.... Census Bureau, Foreign Trade Statistics; International Trade Commission (ITC), Dataweb

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... Bureau, Foreign Trade Statistics; Commission (ITC), Dataweb [http://dataweb.usitc.gov]. International... Trade Table 8. U.S. Current Account Balances With Selected U.S. Trading Partners, 2003 (billions of U.S... Merchandise Trade Balance a -549.4 -52.3 -71.8 -8.5 -85.1 -8.5 -56.9 Source: U.S. Bureau of Economic Analysis... grants for which there is no quid pro quo. e. The trade balance plus the service balance plus investment

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... IB96038 Table 5. U.S. Merchandise Trade Balances with Selected Nations: 1999-2003 (millions of U.S... Kingdom Germany France Italy Netherlands European Free Trade Association (EFTA) Former Soviet Republics... -4,907 -9,365 CRS-12 Trade Balance equals Total Exports (f.a.s. value) minus General Imports (Customs... value). Sources: United States Census Bureau, Foreign Trade Statistics 01-05-05

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... Order Code 1B96038 U.S. International Trade: Data and Forecasts Updated January 5, 2005 Dick K.... Nanto and Thomas Lum Foreign Affairs, Defense, and Trade Division Congressional Research Service

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... IB96038 Table 1. U.S. Exports, Imports, and Merchandise Trade Balances, 1982-2003 (billions of U.S.... dollars) Census Basis Balance of Payments Basis Exports Imports Trade... Exports Imports Trade Year f.a.s.a Customs b Balance f.a.s.a Customs b Balance... of the President, January 2001,Table B- 103, p. 392; U.S. Census Bureau, Foreign Trade Statistics, February 2003

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... Figure 7. U.S. Merchandise Trade Balances with Selected Nations, 2003 Country -123 -4U -39 -18... Source: U.S. Department of Commerce (Census Bureau) Figure 8. U.S. Balance of Trade in Goods and Services

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....) Table 2. U.S. Merchandise Trade in Volume Terms, 2001-2003 (billions of chained 2000 dollars) Export... Net Current Year Trade Balance b Income Unilateral Account Balance..., and government grants for which there is no quid pro quo. e. The trade balance plus the service balance plus

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... IB96038 Figure 5. U.S. Merchandise Trade and Current Account Deficit, Actual from 1998