The BEA Wire | BEA's Official Blog
July 2023 Trade Gap is $65.0 Billion
The U.S. goods and services trade deficit increased from $63.7 billion in June (revised) to $65.0 billion in July, as imports increased more than exports. The goods deficit increased $2.0 billion to $90.0 billion, and the services surplus increased $0.7 billion to $25.0 billion.
June 2023 Trade Gap is $65.5 Billion
The U.S. goods and services trade deficit decreased from $68.3 billion in May (revised) to $65.5 billion in June, as imports decreased more than exports. The goods deficit decreased $2.8 billion to $88.2 billion, and the services surplus decreased less than $0.1 billion to $22.7 billion.
May 2023 Trade Gap is $69.0 Billion
The U.S. goods and services trade deficit decreased from $74.4 billion in April (revised) to $69.0 billion in May, as imports decreased more than exports. The goods deficit decreased $4.8 billion to $91.3 billion, and the services surplus increased $0.7 billion to $22.3 billion
U.S. International Investment Position, 1st Quarter 2023
The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$16.75 trillion at the end of the first quarter of 2023, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $32.74 trillion, and liabilities were $49.49 trillion. At the end of the fourth quarter of 2022, the net investment position was –$16.17 trillion (revised…
April 2023 Trade Gap is $74.6 Billion
The U.S. goods and services trade deficit increased from $60.6 billion in March (revised) to $74.6 billion in April, as exports decreased and imports increased. The goods deficit increased $14.5 billion to $96.1 billion, and the services surplus increased $0.6 billion to $21.6 billion.
March 2023 Trade Gap is $64.2 Billion
The U.S. goods and services trade deficit decreased from $70.6 billion in February (revised) to $64.2 billion in March, as exports increased and imports decreased. The goods deficit decreased $6.4 billion to $86.6 billion, and the services surplus decreased less than $0.1 billion to $22.4 billion.
February 2023 Trade Gap is $70.5 Billion
The U.S. goods and services trade deficit increased from $68.7 billion in January (revised) to $70.5 billion in February, as exports decreased more than imports. The goods deficit increased $2.7 billion to $93.0 billion, and the services surplus increased $0.8 billion to $22.4 billion.
U.S. International Investment Position, Year 2022
The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$16.12 trillion at the end of 2022, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $31.68 trillion, and liabilities were $47.80 trillion. At the end of 2021, the net investment position was –$18.12 trillion.
U.S. International Investment Position, 4th Quarter 2022
The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$16.12 trillion at the end of the fourth quarter of 2022, according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). Assets totaled $31.68 trillion, and liabilities were $47.80 trillion. At the end of the third quarter, the net investment position was –$16.84 trillion (revised).
U.S. Current-Account Deficit Widens in 2022
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 $97.4 billion, or 11.5 percent, to $943.8 billion in 2022. The widening primarily reflected expanded deficits on goods and on secondary income that were partly offset by an expanded surplus on primary income. The 2022 deficit was 3.7 percent of current-dollar…
U.S. Current-Account Deficit Narrows in 4th Quarter 2022
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, narrowed by $12.2 billion, or 5.6 percent, to $206.8 billion in the fourth quarter of 2022. The narrowing primarily reflected a reduced deficit on secondary income. Also contributing was an expanded surplus on services. The fourth-quarter deficit was 3.2 percent of…
2022 Trade Gap is $945.3 Billion
The U.S. international trade deficit increased from $845.0 billion in 2021 to $945.3 billion in 2022 (revised), as imports increased more than exports. The goods deficit increased $100.7 billion to $1.19 trillion, and the services surplus increased $0.5 billion to $245.7 billion. The goods and services deficit was 3.7 percent of current-dollar gross domestic product in 2022, up from 3.6 percent in 2021.