U.S. International Transactions 1946-2001

TABLE B–103.—U.S. international transactions, 1946–2001 [Millions of dollars; quarterly data seasonally adjusted, except as noted. Credits (+), debits (-)] Goods1 Year or quarter Exports 11,764 16,097 13,265 12,213 10,203 14,243 13,449 12,412 12,929 14,424 17,556 19,562 16,414 16,458 19,650 20,108 20,781 22,272 25,501 26,461 29,310 30,666 33,626 36,414 42,469 43,319 49,381 71,410 98,306 107,088 114,745 120,816 142,075 184,439 224,250 237,044 211,157 201,799 219,926 215,915 223,344 Imports -5,067 -5,973 -7,557 -6,874 -9,081 -11,176 -10,838 -10,975 -10,353 -11,527 -12,803 -13,291 -12,952 -15,310 -14,758 -14,537 -16,260 -17,048 -18,700 -21,510 -25,493 -26,866 -32,991 -35,807 -39,866 -45,579 -55,797 -70,499 -103,811 -98,185 -124,228 -151,907 -176,002 -212,007 -249,750 -265,067 -247,642 -268,901 -332,418 -338,088 -368,425 Net military Balance on goods transactions2 3 6,697 10,124 5,708 5,339 1,122 3,067 2,611 1,437 2,576 2,897 4,753 6,271 3,462 1,148 4,892 5,571 4,521 5,224 6,801 4,951 3,817 3,800 635 607 2,603 -2,260 -6,416 911 -5,505 8,903 -9,483 -31,091 -33,927 -27,568 -25,500 -28,023 -36,485 -67,102 -112,492 -122,173 -145,081 -424 -358 -351 -410 -56 169 528 1,753 902 -113 -221 -423 -849 -831 -1,057 -1,131 -912 -742 -794 -487 -1,043 -1,187 -596 -718 -641 653 1,072 740 165 1,461 931 1,731 857 -1,313 -1,822 -844 112 -563 -2,547 -4,390 -5,181 Services Net travel Other and services, transportation net 733 946 374 230 -120 298 83 -238 -269 -297 -361 -189 -633 -821 -964 -978 -1,152 -1,309 -1,146 -1,280 -1,331 -1,750 -1,548 -1,763 -2,038 -2,345 -3,063 -3,158 -3,184 -2,812 -2,558 -3,565 -3,573 -2,935 -997 144 -992 -4,227 -8,438 -9,798 -8,779 310 145 175 208 242 254 309 307 305 299 447 482 486 573 639 732 912 1,036 1,161 1,480 1,497 1,742 1,759 1,964 2,330 2,649 2,965 3,406 4,231 4,854 5,027 5,680 6,879 7,251 8,912 12,552 13,209 14,124 14,404 14,483 20,502 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 1999: I II III IV 2000: I II III IV 2001: I II III 1 2 3 p 250,208 320,230 359,916 387,401 414,083 439,631 456,943 502,859 575,204 612,113 678,366 670,416 684,553 772,210 -409,765 -447,189 -477,665 -498,435 -491,020 -536,528 -589,394 -668,690 -749,374 -803,113 -876,485 -917,112 -1,029,987 -1,224,417 -159,557 -126,959 -117,749 -111,034 -76,937 -96,897 -132,451 -165,831 -174,170 -191,000 -198,119 -246,696 -345,434 -452,207 -3,844 -6,320 -6,749 -7,599 -5,274 -1,448 1,385 2,570 4,600 5,385 4,968 5,265 2,586 500 -8,010 -3,013 3,551 7,501 16,561 19,969 19,714 16,305 21,772 25,015 22,152 10,145 7,113 3,180 19,728 21,725 27,805 30,270 34,516 41,918 42,562 50,278 51,410 58,757 63,234 64,458 73,897 72,788 164,716 166,267 173,045 180,525 -238,709 -250,557 -264,777 -275,944 -73,993 -84,290 -91,732 -95,419 1,031 1,220 296 39 2,108 1,887 1,566 1,552 17,982 18,317 18,735 18,860 185,142 191,558 199,273 196,237 -292,547 -303,229 -313,884 -314,757 -107,405 -111,671 -114,611 -118,520 139 528 -212 45 929 1,571 177 500 19,015 18,788 17,306 17,682 194,942 185,864 173,775 -307,462 -293,522 -279,603 -112,520 -107,658 -105,828 -187 -151 -652 584 -331 332 17,100 17,597 28,561 Adjusted from Census data for differences in valuation, coverage, and timing; excludes military. Quarterly data are not seasonally adjusted. Includes transfers of goods and services under U.S. military grant programs. See next page for continuation of table. nsactions, 1946–2001 Income receipts and payments Balance on goods and services 7,316 10,857 5,906 5,367 1,188 3,788 3,531 3,259 3,514 2,786 4,618 6,141 2,466 69 3,508 4,195 3,370 4,210 6,022 4,664 2,940 2,604 250 91 2,254 -1,303 -5,443 1,900 -4,292 12,404 -6,082 -27,246 -29,763 -24,565 -19,407 -16,172 -24,156 -57,767 -109,073 -121,880 -138,538 except as noted. Credits (+), debits (-)] Unilateral Balance on current current Balance on transfers, net account income 3 560 857 1,484 1,355 1,509 2,050 2,196 2,112 2,347 2,730 3,102 3,384 2,965 3,071 3,379 3,755 4,294 4,596 5,041 5,350 5,047 5,274 5,990 6,044 6,233 7,272 8,192 12,153 15,503 12,787 16,063 18,137 20,408 30,873 30,073 32,903 35,164 36,386 35,063 25,723 15,494 -2,991 -2,722 -4,973 -5,849 -4,537 -4,954 -5,113 -6,657 -5,642 -5,086 -4,990 -4,763 -4,647 -4,422 -4,062 -4,127 -4,277 -4,392 -4,240 -4,583 -4,955 -5,294 -5,629 -5,735 -6,156 -7,402 -8,544 -6,913 -9,249 -7,075 -5,686 -5,226 -5,788 -6,593 -8,349 -11,702 -16,544 -17,310 -20,335 -21,998 -24,132 4,885 8,992 2,417 873 -1,840 884 614 -1,286 219 430 2,730 4,762 784 -1,282 2,824 3,822 3,387 4,414 6,823 5,431 3,031 2,583 611 399 2,331 -1,433 -5,795 7,140 1,962 18,116 4,295 -14,335 -15,143 -285 2,317 5,030 -5,536 -38,691 -94,344 -118,155 -147,177 Receipts 772 1,102 1,921 1,831 2,068 2,633 2,751 2,736 2,929 3,406 3,837 4,180 3,790 4,132 4,616 4,999 5,618 6,157 6,824 7,437 7,528 8,021 9,367 10,913 11,748 12,707 14,765 21,808 27,587 25,351 29,375 32,354 42,088 63,834 72,606 86,529 91,747 90,000 108,819 98,542 97,064 Payments -212 -245 -437 -476 -559 -583 -555 -624 -582 -676 -735 -796 -825 -1,061 -1,238 -1,245 -1,324 -1,560 -1,783 -2,088 -2,481 -2,747 -3,378 -4,869 -5,515 -5,435 -6,572 -9,655 -12,084 -12,564 -13,311 -14,217 -21,680 -32,961 -42,532 -53,626 -56,583 -53,614 -73,756 -72,819 -81,571 -151,684 -114,566 -93,142 -80,861 -31,135 -36,457 -68,791 -96,678 -96,388 -101,843 -107,765 -166,828 -261,838 -375,739 108,184 136,713 161,287 171,742 149,214 132,056 134,159 165,438 211,502 225,846 260,558 259,238 285,302 352,866 -93,891 -118,026 -141,463 -143,192 -125,084 -109,101 -110,255 -148,744 -190,955 -204,859 -251,808 -265,440 -298,915 -367,658 14,293 18,687 19,824 28,550 24,130 22,954 23,904 16,694 20,547 20,987 8,750 -6,202 -13,613 -14,792 -23,265 -25,274 -26,169 -26,654 10,752 -35,013 -37,637 -38,260 -34,057 -40,081 -40,794 -44,427 -48,913 -54,136 -160,655 -121,153 -99,486 -78,965 3,747 -48,515 -82,523 -118,244 -109,898 -120,937 -139,809 -217,457 -324,364 -444,667 -52,872 -62,866 -71,135 -74,968 64,893 68,703 73,506 78,202 -67,418 -71,619 -78,673 -81,204 -2,525 -2,916 -5,167 -3,002 -11,051 -11,596 -11,761 -14,504 -66,448 -77,378 -88,063 -92,474 -87,322 -90,784 -97,340 -100,293 82,389 89,253 88,739 92,486 -88,046 -94,142 -93,624 -91,844 -5,657 -4,889 -4,885 642 -11,924 -12,461 -13,080 -16,673 -104,903 -108,134 -115,305 -116,324 -95,023 -90,543 -77,587 85,532 76,878 70,447 -90,553 -81,873 -75,485 -5,021 -4,995 -5,038 -11,734 -12,038 -12,355 -111,778 -107,576 -94,980 TABLE B–103.—U.S. international transactions, 1946–2001 —Continued [Millions of dollars; quarterly data seasonally adjusted, except as noted. Credits (+), debits (-)] Financial account U.S.-owned assets abroad, net [increase/financial Foreign-owned assets in the U.S., net outflow (-)] [increase/financial inflow (+)] U.S. official Other U.S. U.S. private reserve Government assets 2 4 2 assets assets -623 -3,315 -1,736 -266 1,758 -33 -415 1,256 480 182 -869 -1,165 2,292 1,035 2,145 607 1,535 378 171 1,225 570 53 -870 -1,179 3,348 3,066 706 158 -1,467 -849 -2,558 -375 732 6 -7,003 -4,082 -4,965 -1,196 -3,131 -3,858 ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... -1,100 -910 -1,085 -1,662 -1,680 -1,605 -1,543 -2,423 -2,274 -2,200 -1,589 -1,884 -1,568 -2,644 366 -3,474 -4,214 -3,693 -4,660 -3,746 -5,162 -5,097 -6,131 -5,006 -5,489 -2,821 ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... -5,144 -5,235 -4,623 -5,986 -8,050 -5,336 -6,347 -7,386 -7,833 -8,206 -10,229 -12,940 -12,925 -20,388 -33,643 -35,380 -44,498 -30,717 -57,202 -61,176 -73,651 -103,875 -116,786 -60,172 -31,757 -38,074 Year or quarter Capital account transactions , net2 Total ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... -4,099 -5,538 -4,174 -7,270 -9,560 -5,716 -7,321 -9,757 -10,977 -11,585 -8,470 -11,758 -13,787 -22,874 -34,745 -39,703 -51,269 -34,785 -61,130 -64,915 -85,815 -113,054 -127,882 -66,373 -40,376 -44,752 Total ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... 2,294 2,705 1,911 3,217 3,643 742 3,661 7,379 9,928 12,702 6,359 22,970 21,461 18,388 35,341 17,170 38,018 53,219 67,036 40,852 62,612 86,232 96,589 88,694 117,752 146,115 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... 199 209 235 315 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 1999: I II III IV 2000: I II III IV 2001: I II III 4 p 301 365 493 336 -6,579 -4,479 612 -88 -469 372 693 350 678 -3,491 705 -111,723 -79,296 -106,573 -175,383 -81,234 -64,388 -74,410 -200,552 -176,056 -352,376 -413,923 -487,599 -359,632 -437,067 -580,952 312 9,149 -3,912 -25,293 -2,158 5,763 3,901 -1,379 5,346 -9,742 6,668 -1,010 -6,783 8,747 -290 -2,022 1,006 2,967 1,233 2,317 2,924 -1,667 -351 -390 -984 -989 68 -422 2,751 -944 -110,014 -89,450 -105,628 -151,323 -81,393 -73,075 -76,644 -198,822 -181,012 -341,650 -419,602 -486,657 -352,427 -448,565 -579,718 230,009 248,634 246,522 224,928 141,571 110,808 170,663 282,040 305,989 465,684 586,038 759,290 504,464 813,744 1,024,218 158 167 173 -3,989 -43,657 -170,707 -114,931 -107,769 4,068 1,159 1,951 1,569 118 -392 -686 3,711 -47,843 -171,474 -116,196 -113,049 130,758 278,047 172,119 232,820 173 173 175 184 -198,105 -93,573 -107,727 -181,548 -554 2,020 -346 -1,410 -127 -572 114 -359 -197,424 -95,021 -107,495 -179,779 256,782 250,007 222,108 295,321 173 177 182 -243,120 -72,175 -15,383 190 -1,343 -3,559 21 -786 23 -243,331 -70,046 -11,847 346,660 226,581 52,111 Consists of gold, special drawing rights, foreign currencies, and the U.S. reserve position in the International Monetary Fund (IMF). Source: Department of Commerce, Bureau of Economic Analysis. 01 —Continued Statistical discrepancy Total (sum Of which: of the items Seasonal with sign adjustment reversed) discrepancy ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... -1,019 -989 -1,124 -360 -907 -457 629 -205 438 -1,516 -219 -9,779 -1,879 -2,654 -2,558 4,417 8,955 -4,099 9,236 24,349 20,886 21,792 36,630 16,162 16,733 16,478 ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ed. Credits (+), debits (-)] ount Foreign-owned assets in the U.S., net [increase/financial inflow (+)] Foreign official assets 2 Other foreign assets ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... 821 1,939 641 1,231 1,983 607 4,333 3,928 10,703 14,002 -550 -3,909 10,986 12,362 24,796 10,143 20,326 16,403 33,358 54,516 47,115 81,272 92,997 82,849 114,612 147,233 ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... 1,473 765 1,270 1,986 1,660 134 -672 3,451 -774 -1,301 6,908 26,879 10,475 6,026 10,546 7,027 17,693 36,816 33,678 -13,665 15,497 4,960 3,593 5,845 3,140 -1,119 35,648 45,387 39,758 8,503 33,910 17,389 40,477 71,753 39,583 109,880 126,724 19,036 -19,948 43,551 37,619 194,360 203,247 206,764 216,425 107,661 93,420 130,186 210,287 266,406 355,804 459,314 740,254 524,412 770,193 986,599 28,590 -9,048 -19,289 49,605 25,208 -45,688 -48,350 1,123 -11,220 -3,782 -51,871 -132,232 71,947 -48,822 696 ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... ...... 4,164 -736 12,721 27,402 126,594 278,783 159,398 205,418 -20,811 -30,129 30,702 -28,588 6,425 -711 -10,320 4,602 22,498 6,447 12,247 -3,573 234,284 243,560 209,861 298,894 46,053 -48,473 749 2,367 8,501 -2,380 -9,977 3,856 4,898 -20,879 16,814 341,762 247,460 35,297 8,065 -47,007 58,070 8,821 -1,835 -8,617 etary Fund (IMF).