Using data from the US Census, Business Insider put together a chart of the US' top 15 trade surpluses year-to-date for December in billions of dollars. The data are for goods only (meaning The US has been running a trade surplus in services for the last few decades, and it's getting larger. Here's a figure generated with the help of the ever-useful FRED website run by the Federal Reserve Bank of St. Louis. It shows monthly trade data. The blue line shows the monthly US trade deficit in goods. One thing that’s often missed in President Donald Trump’s complaints about the U.S. trade deficit is America’s $248 billion surplus in exports of services like education, banking and software. The U.S., in fact, has a merchandise trade surplus with more than half of the countries in the world, according to the U.S. International Trade Commission.A trade surplus means America exports
Jan 30, 2020 The U.S. trade deficit with China rose from $347 billion in 2016 to $420 (U.S. Census Bureau 2020c), as has China's overall balance of trade with the Several service industries, which provide key inputs to traded-goods Jul 10, 2018 Rising trade surpluses in services have become large enough to more than offset the trade deficit in goods with some major trading partners – Mar 17, 2017 What's the UK trade deficit with the rest of the EU - and what might that mean for our negotiating position The UK imported around £60 billion more goods and services from Another way of putting this is that the EU sells more to us than we sell to it. Would you consider chipping in to our work in 2020?
The U.S. Trade Deficit: How Much Does It Matter? since a portion of the goods deficit is offset by the surplus in services trade.) The United States ran either a surplus or a small deficit The US trade deficit narrowed to USD 45.3 billion in January 2020 from a revised USD 48.6 billion in the previous month and compared to market expectations of a USD 46.1 billion gap. Exports declined by 0.4 percent, led by decreases in sales of capital goods and industrial supplies and materials. Meanwhile, motor vehicle and parts exports increased. January 2020 Trade in Goods and Services. Deficit: $45.3 Billion Exports: $208.6 Billion Imports: $253.9 Billion. Next release: April 2, 2020 Complete Release Schedule
Feb 5, 2020 2019 marked only the second time in a decade, and the second year in a row, the U.S. deficit has topped $800 billion. The balance of trade — the Mar 8, 2019 For instance, in 2018 the United States exported $2.500 trillion in goods and services while it imported $3.121 trillion, leaving a trade deficit of Feb 6, 2020 In 1994, the U.S. annual trade deficit in goods and services stood at $98.5 billion. By 2019, this figure rose to $616.8 billion, an increase of Exporting goods and services produces income for a country; therefore, exports add to the trade balance, which in turn contributes to total Gross Domestic Product
The overall U.S. deficit in goods and services trade widened to $54.9 billion in August, more than expected. The bigger overall gap reflects a rise in imports, External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously In 1981 U.S. exports of goods and services exceeded imports by more than $14 billion, and the United States had a current-account surplus with which to finance