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International Trade in Goods and Services

Statement from U.S. Commerce Secretary Penny Pritzker on International Trade in Goods and Services in February 2015

WASHINGTON – U.S. Secretary of Commerce Penny Pritzker issued the following statement today on the release of the February 2015 U.S. International Trade in Goods and Services data. The goods and services trade deficit improved by 17 percent to $35.4 billion in February. This is the lowest monthly trade deficit since October 2009.

Timelier, more accurate data: the Commerce Department’s statistical agencies deliver on promise of better data for better decision-making

The Economics and Statistics Administration’s family of statistical agencies – the Bureau of Economic Analysis (BEA) and U.S. Census Bureau – are announcing an important new initiative that will lead to an acceleration of key trade data as well as improved accuracy of the advance estimate of Gross Domestic Product (GDP). GDP is widely considered the most important measure of the U.S. economy.

U.S. International Trade in Goods and Services

The December 2014 international trade deficit increased 17.1 percent from November, to $46.6 billion. Exports decreased 0.8 percent to $194.9 billion, and imports increased 2.2 percent to $241.4 billion.

For the full year 2014, the trade deficit grew 6 percent to $505b. Exports rose 2.9 percent, to $2.3 trillion, and imports increased 3.4 percent, to $2.9 trillion.

Statement from Acting U.S. Commerce Secretary Rebecca Blank on International Trade in Goods and Services in July 2012

Acting U.S. Secretary of Commerce Rebecca Blank issued the following statement today on the release of the July 2012 U.S. International Trade in Goods and Services report (July 2012) by the Commerce Department’s Census Bureau and Bureau of Economic Analysis. U.S. goods and services exports in July 2012 were down 1.0 percent from June 2012 to reach $183.3 billion and imports declined 0.8 percent to $225.3 billion.

Statement by Acting U.S. Commerce Secretary Rebecca Blank on International Trade in Goods and Services in June 2012

WASHINGTON, D.C. – Acting U.S. Secretary of Commerce Rebecca Blank issued the following statement today on the release of the June 2012 U.S. International Trade in Goods and Services (June 2012) by the Commerce Department’s Census Bureau and Bureau of Economic Analysis. The U.S. trade deficit in June shrank a significant 10.7 percent from May, to $42.9 billion, exceeding private-sector expectations. Exports grew a strong 0.9 percent, to a record $185.0 billion, and imports declined 1.5 percent, to $227.9 billion. June exports of goods ($132.8 billion) were also the highest on record.

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