U.S. International Trade in Goods and Services Highlights

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September 20, 2000

Goods and Services Deficit Increases in July 2000

The Nation's international deficit in goods and services increased to $31.9 billion in July, from $29.8 billion (revised) in June, as exports decreased and imports increased.

Graph of International Trade Balances

Goods and Services

Exports decreased to $89.7 billion from $91.0 billion in June. Goods were $65.0 billion in July, down from $66.5 billion in June, and services were $24.7 billion in July, up from $24.5 billion in June.
Imports increased to $121.6 billion from $120.8 billion in June. Goods were $103.7 billion in July, up from $103.3 billion in June, and services were $17.9 billion in July, up from $17.5 billion in June.
For goods, the deficit was $38.7 billion in July, up from $36.9 billion in June. For services, the surplus was $6.8 billion in July, down from $7.0 billion in June.

Goods by Category

The change in exports of goods reflected decreases in automotive vehicles, parts, and engines; other goods; capital goods; industrial supplies and materials; and consumer goods. Foods, feeds, and beverages were virtually unchanged.
The change in imports of goods reflected increases in industrial supplies and materials (primarily crude oil and natural gas); automotive vehicles, parts, and engines; and foods, feeds, and beverages. Decreases occurred in capital goods and consumer goods. Other goods were virtually unchanged.

Goods by Geographic Area (Not Seasonally Adjusted)

The goods deficit with Canada increased from $4.1 billion in June to $4.7 billion in July. Exports decreased $4.1 billion (primarily automobiles and automobile parts and power generating machinery) to $11.9 billion, while imports decreased $3.5 billion (primarily automobiles and automobile parts and telecommunications equipment) to $16.7 billion.
The goods deficit with China increased from $7.2 billion in June to $7.6 billion in July. Exports increased $0.3 billion (primarily transport equipment) to $1.6 billion, while imports increased $0.7 billion (primarily toys, games, and sporting goods and articles of apparel and clothing) to $9.3 billion.
The goods deficit with Western Europe increased from $4.3 billion in June to $7.2 billion in July. Exports decreased $2.2 billion (primarily transport equipment and artwork and antiques) to $13.2 billion, while imports increased $0.7 billion (primarily petroleum products and pharmaceutical products) to $20.4 billion.

This and more information is provided in the Bureau of the Census and Bureau of Economic Analysis press release:

U.S.International Trade in Goods and Services: July 2000 .

For further information on goods, contact Nick Orsini, Foreign Trade Division, Bureau of the Census, on (301) 457-2311; on services, contact Christopher Bach, Bureau of Economic Analysis, on (202) 606-9545.

The next release is October 19, 2000

Note: Total goods are reported on a balance of payments basis; commodityand country detail for goods are on a Census basis. Definitions are explained in the notes to the monthly press release.

Related sites:

U.S. Department of Commerce
- U.S. Census Bureau, Foreign Trade Division
- Bureau of Economic Analysis

Last modified: 20 September 2000