US International Trade in Goods and Services

by Eduardo Petazze
Unexpected growth in foreign trade deficit in April 2014
The US foreign trade in goods and services in 2013 was a deficit of $476.4 billion (previous data $474.9 bn).
By 2014 its estimate a deficit of $511.4 bn (our previous estimate of $462.8 bn)
In April 2014 the deficit was $47.2 bn (our previous estimate $38.8 bn), up from a revised $44.2 bn in March 2014 (previous
data was $40.4 bn). The consensus range for April was $38.6 bn / $43.0 bn
The US Census and the Bureau of Economic Analysis (BEA) have released the U.S. International Trade: April 2014
(pdf, 55 pages)
This summary corresponds to the balance of payments approach (includes the annual review), with an outlook for 2014/2015

Millions of
dollars, SA
2009
2010
2011
2012
2013
2014
2015
Own estimate
Millions of
dollars, SA
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2014Q2
2014Q3
2014Q4
Own estimate
Millions of
dollars, SA
2013 Jan
2013 Feb
2013 Mar
2013 Apr
2013 May
2013 Jun
2013 Jul
2013 Aug
2013 Sep
2013 Oct
2013 Nov
2013 Dec
2014 Jan
2014 Feb
2014 Mar
2014 Apr
2014 May
2014 Jun
2014 Jul
2014 Aug
2014 Sep
Last data

Total
-383,657
-499,379
-556,838
-534,656
-476,394
-511,362
-536,023

Balance of Payments basis – Millions of dollars, SA
Balance
Exports
Imports
1
1
Goods
Services
Total
Goods
Services
Total
Goods 1 Services
-510,550 126,893 1,578,187 1,069,475 508,712 1,961,844 1,580,025 381,819
-650,156 150,777 1,844,468 1,288,795 555,674 2,343,847 1,938,950 404,897
-744,139 187,301 2,112,825 1,495,853 616,973 2,669,663 2,239,991 429,672
-741,475 206,819 2,210,585 1,561,239 649,346 2,745,240 2,302,714 442,527
-701,667 225,273 2,280,195 1,592,785 687,410 2,756,589 2,294,452 462,137
-736,754 225,392 2,338,095 1,631,306 706,790 2,849,458 2,368,060 481,398
-763,034 227,011 2,404,442 1,677,268 727,174 2,940,465 2,440,302 500,163

Total
-144,455
-138,036
-128,521
-126,597
-120,949
-121,800
-121,197
-112,448
-126,815
-135,951
-125,866
-122,731

Balance
Goods 1 Services
-193,439
48,984
-188,239
50,203
-178,943
50,422
-181,476
54,879
-177,559
56,610
-177,083
55,283
-177,935
56,738
-169,090
56,642
-182,318
55,503
-191,963
56,013
-182,762
56,897
-179,711
56,980

Total
-42,206
-41,770
-36,973
-40,417
-44,831
-36,552
-39,419
-39,515
-42,263
-39,084
-35,972
-37,392
-40,052
-42,587
-44,176
-47,236
-46,492
-42,222
-41,506
-41,448
-42,912

Balance
Goods 1 Services
-61,193
18,987
-60,687
18,917
-55,679
18,706
-58,758
18,341
-63,352
18,521
-54,973
18,421
-58,021
18,602
-58,527
19,012
-61,387
19,124
-57,743
18,659
-54,765
18,793
-56,582
19,190
-59,480
19,428
-60,318
17,731
-62,520
18,344
-65,787
18,551
-65,223
18,730
-60,954
18,731
-60,293
18,787
-60,435
18,988
-62,034
19,122

Total
547,584
554,179
555,214
559,563
562,411
565,335
570,757
581,692
573,989
581,266
587,085
595,755

Exports
Goods 1 Services
387,616 159,968
391,764 162,415
391,998 163,216
390,311 169,252
392,605 169,806
394,988 170,347
398,089 172,668
407,103 174,589
399,680 174,309
405,704 175,562
409,538 177,547
416,384 179,371

Total
187,478
188,030
186,903
187,763
187,206
190,366
189,902
190,606
190,249
193,970
194,922
192,800
192,183
188,149
193,657
193,345
193,204
194,717
195,296
195,832
195,958

Exports
Goods 1 Services
130,653
56,825
131,420
56,610
130,532
56,371
131,326
56,437
130,319
56,887
133,343
57,023
132,830
57,072
132,829
57,777
132,430
57,819
136,141
57,829
136,752
58,170
134,210
58,590
133,575
58,608
130,390
57,759
135,715
57,942
135,108
58,237
134,642
58,562
135,953
58,764
136,432
58,864
136,588
59,244
136,519
59,439

Also see:
Highlights - International Trade, April 2014 by Econoday
US – GDP 1Q2014

Total
692,039
692,215
683,735
686,160
683,360
687,135
691,954
694,140
700,804
717,217
712,951
718,486

Imports
Goods 1 Services
581,055 110,984
580,003 112,212
570,941 112,794
571,787 114,373
570,164 113,196
572,071 115,064
576,024 115,930
576,193 117,947
581,998 118,806
597,667 119,550
592,300 120,651
596,095 122,391

Total
229,684
229,800
223,876
228,180
232,037
226,918
229,321
230,121
232,512
233,054
230,894
230,192
232,235
230,736
237,833
240,581
239,696
236,940
236,801
237,280
238,870

Imports
Goods 1 Services
191,846
37,838
192,107
37,693
186,211
37,665
190,084
38,096
193,671
38,366
188,316
38,602
190,851
38,470
191,356
38,765
193,817
38,695
193,884
39,170
191,517
39,377
190,792
39,400
193,055
39,180
190,708
40,028
198,235
39,598
200,895
39,686
199,865
39,831
196,907
40,032
196,725
40,077
197,023
40,256
198,552
40,317

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