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International Trade in Goods and Services

New BEA Estimates of International Trade in Digitally Enabled Services

Information and communication technologies (ICT) are increasingly changing how firms do business, how people communicate, and how international transactions take place. In 2014, the United States exported close to $400 billion in potentially ICT-enabled services, representing more than half of all U.S. exports of services, according a new report about trends in ICT and potentially ICT-enabled services by the Bureau of Economic Analysis (BEA). The new BEA estimates are part of a larger Department of Commerce effort to better measure the digital economy and cross-border data flows. 

Secretary Pritzker on International Trade in Goods and Services in March 2016

WASHINGTON – U.S. Secretary of Commerce Penny Pritzker issued the following statement today on the release of the March 2016 U.S. International Trade in Goods and Services monthly data. The total trade deficit improved 13.9 percent in March, to $40.4 billion, driven by a $6.0 billion reduction in the goods trade deficit. In addition, new monthly export records were established in travel services -- $15.5 billion – and in insurance services -- $1.6 billion. U.S.

Secretary Pritzker on International Trade in Goods and Services in February 2016

WASHINGTON – U.S. Secretary of Commerce Penny Pritzker issued the following statement today on the release of the February 2016 U.S. International Trade in Goods and Services monthly data. U.S. exports of goods and services increased to $178.1 billion in February from $176.3 billion in January. In February, travel services registered a new record, with $15.3 billion of exports. In addition, growth in goods exports was largely driven by consumer goods, up $1.1 billion from January.

Secretary Pritzker on International Trade in Goods and Services in 2015

WASHINGTON – U.S. Secretary of Commerce Penny Pritzker issued the following statement today on the release of the December 2015 U.S. International Trade in Goods and Services monthly and 2015 annual data. U.S. exports of goods and services totaled $2.23 trillion in 2015, a 4.8 percent decrease from 2014.

International Trade in Goods and Services in September 2015 Statement

WASHINGTON – U.S. Secretary of Commerce Penny Pritzker issued the following statement today on the release of the September 2015 U.S. International Trade in Goods and Services data. U.S. exports of goods and services increased to $187.9 billion in September from $184.9 billion in August. The total trade deficit improved by 15 percent in September to $40.8 billion. Exports of total services were a record, reaching $60.6 billion for the month.

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