U.S. International Trade: Data and Forecasts
Abstract
In 2004 the United States incurred a record merchandise trade deficit of $651 billion on a Census basis and $665 billion on a balance-of-payments basis (BoP). A surplus in services trade of $48 billion gave a deficit of $617 billion on goods and services (BoP) for the year up $121 billion or 24.3% from the $496.5 billion deficit in 2003. In 2004, U.S. exports of goods and services totaled $1.147 trillion, compared with $1.020 trillion in 2003 and $0.975 trillion in 2002. In 2004, U.S. imports were $1.764 trillion, compared with $1.517 trillion in 2003, and $1.387 trillion (balance of payments basis) in 2002.
Document Details
- Document Type
- Technical Report
- Publication Date
- May 16, 2005
- Accession Number
- ADA457393
Entities
People
- Dick K. Nanto
- Thomas Lum
Organizations
- Library of Congress