RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2019-07-04 16:15:00

U.S. TRADE DEFICIT $55.5 BLN

U.S. TRADE DEFICIT $55.5 BLN

U.S. BEA - U.S. International Trade in Goods and Services, May 2019
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $55.5 billion in May, up $4.3 billion from $51.2 billion in April, revised.

 

U.S. International Trade in Goods and Services Deficit
Deficit: $55.5 Billion +8.4%°
Exports: $210.6 Billion +2.0%°
Imports: $266.2 Billion +3.3%°

Next release: August 2, 2019

(°) Statistical significance is not applicable or not measurable.
Data adjusted for seasonality but not price changes

Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, July 3, 2019

 

Exports, Imports, and Balance (exhibit 1)

May exports were $210.6 billion, $4.2 billion more than April exports. May imports were $266.2 billion, $8.5 billion more than April imports.

The May increase in the goods and services deficit reflected an increase in the goods deficit of $4.4 billion to $76.1 billion and an increase in the services surplus of $0.1 billion to $20.6 billion.

Year-to-date, the goods and services deficit increased $15.7 billion, or 6.4 percent, from the same period in 2018. Exports increased $5.1 billion or 0.5 percent. Imports increased $20.8 billion or 1.6 percent.

Three-Month Moving Averages (exhibit 2)

The average goods and services deficit increased $1.8 billion to $52.9 billion for the three months ending in May.

  • Average exports increased $0.3 billion to $209.5 billion in May.
  • Average imports increased $2.2 billion to $262.4 billion in May.

Year-over-year, the average goods and services deficit increased $6.3 billion from the three months ending in May 2018.

  • Average exports decreased $1.2 billion from May 2018.
  • Average imports increased $5.1 billion from May 2018.

Exports (exhibits 3, 6, and 7)

Exports of goods increased $3.9 billion to $140.8 billion in May.

Exports of goods on a Census basis increased $4.0 billion.

  • Capital goods increased $1.4 billion.
    • Civilian aircraft increased $0.5 billion.
    • Telecommunications equipment increased $0.4 billion.
  • Consumer goods increased $0.8 billion.
    • Gem diamonds increased $0.3 billion.
    • Jewelry increased $0.3 billion.
    • Pharmaceutical preparations increased $0.2 billion.
  • Foods, feeds, and beverages increased $0.7 billion.
    • Soybeans increased $0.7 billion.
  • Other goods increased $0.6 billion.
  • Automotive vehicles, parts, and engines increased $0.6 billion.

Net balance of payments adjustments decreased $0.1 billion.

Exports of services increased $0.3 billion to $69.8 billion in May.

  • Maintenance and repair services increased $0.1 billion.
  • Travel (for all purposes including education) increased $0.1 billion.
  • Transport increased $0.1 billion.

Imports (exhibits 4, 6, and 8)

Imports of goods increased $8.3 billion to $217.0 billion in May.

Imports of goods on a Census basis increased $8.1 billion.

  • Automotive vehicles, parts, and engines increased $2.3 billion.
    • Passenger cars increased $1.5 billion.
  • Industrial supplies and materials increased $1.8 billion.
    • Crude oil increased $1.3 billion.
  • Capital goods increased $1.6 billion.
    • Semiconductors increased $0.5 billion.
    • Computers increased $0.4 billion.
    • Computer accessories increased $0.3 billion.
  • Consumer goods increased $1.4 billion.
  • Other goods increased $1.0 billion.

Net balance of payments adjustments increased $0.2 billion.

Imports of services increased $0.2 billion to $49.2 billion in May.

  • Transport increased $0.2 billion.
  • Travel (for all purposes including education) decreased $0.1 billion.

Real Goods in 2012 Dollars – Census Basis (exhibit 11)

The real goods deficit increased $4.8 billion to $87.0 billion in May.

  • Real exports of goods increased $4.6 billion to $150.5 billion.
  • Real imports of goods increased $9.3 billion to $237.5 billion.

Revisions

Revisions to April exports

  • Exports of goods were revised up less than $0.1 billion.
  • Exports of services were revised down $0.4 billion.

Revisions to April imports

  • Imports of goods were revised up less than $0.1 billion.
  • Imports of services were revised down less than $0.1 billion.

Goods by Selected Countries and Areas: Monthly – Census Basis (exhibit 19)

The May figures show surpluses, in billions of dollars, with South and Central America ($4.1), Hong Kong ($2.6), Singapore ($0.6), Brazil ($0.5), Saudi Arabia (less than $0.1), and United Kingdom (less than $0.1). Deficits were recorded, in billions of dollars, with China ($30.1), European Union ($16.9), Mexico ($9.1), Japan ($6.0), Germany ($5.8), Canada ($3.6), Italy ($2.6), France ($2.1), India ($1.9), Taiwan ($1.5), South Korea ($1.4), and OPEC ($0.1).

  • The deficit with Canada increased $1.8 billion to $3.6 billion in May. Exports decreased $0.3 billion to $24.3 billion and imports increased $1.5 billion to $27.9 billion.
  • The deficit with the European Union increased $1.8 billion to $16.9 billion in May. Exports increased $0.2 billion to $27.2 billion and imports increased $2.0 billion to $44.1 billion.
  • The deficit with Japan decreased $0.5 billion to $6.0 billion in May. Exports increased $0.5 billion to $6.6 billion and imports increased less than $0.1 billion to $12.5 billion.

 

Full PDF version


----


Earlier:

U.S. TRADE DEFICIT $55.5 BLN
2019, July, 3, 11:25:00
FOREIGN INVESTMENT IN U.S. UP 8.7%
Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $296.4 billion (preliminary) in 2018. Expenditures were up 8.7 percent from $272.8 billion (revised) in 2017
U.S. TRADE DEFICIT $55.5 BLN
2019, July, 1, 11:20:00
U.S. SHALE OIL PROBLEMS
Based on a study of 40 US shale oil companies, looking at cash flow from operating activities, only four companies reported a positive cash flow balance in the first quarter of 2019.
U.S. TRADE DEFICIT $55.5 BLN
2019, June, 25, 12:50:00
U.S. FINANCIAL RISKS UP
In addition, a number of medium-term risks are growing. The financial system appears healthy but vulnerabilities in leveraged corporates and, potentially, in the nonbank system are elevated by historical standards. An abrupt reversal of the recent supportive financial market conditions or a deepening of ongoing trade disputes represent material risks to the U.S. economy, with concomitant negative outward spillovers. The U.S. public debt-to-GDP ratio is on an unsustainable path and is expected to continue rising throughout the medium-term, as aging related spending rises.
U.S. TRADE DEFICIT $55.5 BLN
2019, June, 21, 09:35:00
U.S. CURRENT-ACCOUNT DEFICIT DOWN TO $130.4 BLN
The U.S. current-account deficit decreased to $130.4 billion (preliminary) in the first quarter of 2019 from $143.9 billion (revised) in the fourth quarter of 2018, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit was 2.5 percent of current-dollar gross domestic product in the first quarter, down from 2.8 percent in the fourth quarter.
U.S. TRADE DEFICIT $55.5 BLN
2019, June, 18, 17:15:00
U.S. INDUSTRIAL PRODUCTION UP 0.4%
Industrial production rose 0.4 percent in May after falling 0.4 percent in April. The indexes for manufacturing and mining gained 0.2 percent and 0.1 percent, respectively, in May; the index for utilities climbed 2.1 percent. At 109.6 percent of its 2012 average, total industrial production was 2.0 percent higher in May than it was a year earlier. Capacity utilization for the industrial sector moved up 0.2 percentage point in May to 78.1 percent, a rate that is 1.7 percentage points below its long-run (1972–2018) average.
All Publications »
Tags: USA, TRADE, ECONOMY, DEFICIT
Chronicle:
U.S. TRADE DEFICIT $55.5 BLN
2021, June, 10, 12:39:00
Which Actions Can Fuel The Industry: The 7th International LNG Congress Summary
Global view on the LNG industry future, actions in frames of IMO Regulations, alternative fuels for trucks and fleet, opportunities of LNG increase in Europe, and Bio-LNG and LNG-to-Power initiatives have become some of the topics of the 7th International LNG Congress. It was held at the BGS online platform on the 7-8 of June, and gathered more than 500 decision-makers of the LNG industry.
U.S. TRADE DEFICIT $55.5 BLN
2021, June, 10, 12:38:00
МЕЖДУНАРОДНАЯ КОНФЕРЕНЦИЯ И ВЫСТАВКА "УГОЛЬ РОССИИ И СНГ"
Более 150 руководителей ведущих предприятий угольной промышленности России и СНГ соберет Международная конференция и выставка «Уголь России и СНГ», которая будет проходить 16-17 ноября 2021 в г. Москва Организатор мероприятия: Vostock Capital
U.S. TRADE DEFICIT $55.5 BLN
2021, June, 10, 12:35:00
U.S. OIL INVENTORIES DOWN 5.2 MB TO 474.0 MB
U.S. commercial crude oil inventories decreased by 5.2 million barrels from the previous week to 474.0 million barrels.
U.S. TRADE DEFICIT $55.5 BLN
2021, June, 10, 12:30:00
TC ENERGY HAS TERMINATED KEYSTONE
TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) confirmed today that after a comprehensive review of its options, and in consultation with its partner, the Government of Alberta, it has terminated the Keystone XL Pipeline Project (the Project).
U.S. TRADE DEFICIT $55.5 BLN
2021, June, 9, 12:55:00
OIL PRICE: ABOVE $72
Brent rose 73 cents, or 1%, to close at $72.22 a barrel, WTI rose 82 cents, or 1.2%, to settle at $70.05 a barrel,
U.S. TRADE DEFICIT $55.5 BLN
2021, June, 9, 12:50:00
OIL PRICES 2021-22: $68-60
EIA forecasts that Brent prices will remain near current levels in 3Q21, averaging $68/b., and $60/b in 2022.
U.S. TRADE DEFICIT $55.5 BLN
2021, June, 9, 12:45:00
OPEC+ OIL PRODUCTION UP 430 TBD
Despite the production gains, the looser quotas meant OPEC+ compliance stayed mostly steady at 111.45% compared to 111.16% in April,
All Publications »