Summary
U.S. TRADE DEVELOPMENTS - Statistical data
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Extract
Recent developments.
U.S. International Trade in Goods and Services
The U.S. Department of Commerce reported that seasonally adjusted exports of $90.4 billion and imports of $132.8 billion in December 2003 resulted in a goods and services deficit of $42.5 billion, $4.1 billion more than the $38.4 billion deficit in November 2003. December 2003 exports of $90.4 billion were $0.2 billion less than November exports of $90.6 billion. (2) December 2003 imports of about $132.9 billion were $3.9 billion more than November imports of $128.9 billion. December 2003 merchandise exports decreased by about $0.8 billion to $62.9 billion, from November exports of $63.7 billion. Merchandise imports increased by about $3.4 billion to $111.1 billion from November 2003 imports of $107.7 billion. The merchandise trade deficit increased by about $4.2 billion in December 2003 to $48.2 billion from $43.9 billion in November. For services, exports increased by about $0.6 billion to $27.4 billion in December 2003 from $26.8 billion in November. Imports of services increased to $21.7 billion in December 2003 from $21.3 billion in November. The services trade surplus in December 2003 rose to $5.9 billion from $5.6 billion in November 2003. Changes in merchandise exports from November to December 2003 reflected increases in industrial supplies and materials ($0.6 billion); and automotive vehicles, parts and engines ($0.3 billion). Decreases occurred in capital goods ($1.2 billion); foods, feeds, and beverages ($0.3 billion); and consumer goods ($0.2 billion). The statistical category "other goods" was virtually unchanged. The November to December 2003 change in imports of goods reflected increases in industrial supplies and materials ($1.3 billion); capital goods ($1.2 billion); automotive vehicles, parts, and engines ($0.5 billion); consu...See the full content of this document
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