What was the US trade deficit in 2013?

What was the US trade deficit in 2013?

$471.5 billion
The Nation’s international trade deficit in goods and services decreased to $471.5 billion in 2013 from $534.7 billion in 2012. Exports increased $61.7 billion to $2.3 trillion in 2013.

What are the Export Import totals?

In 2019, the total U.S. trade with foreign countries was $5.6 trillion. 1 That was $2.5 trillion in exports and $3.1 trillion in imports of both goods and services.

What is the sum of exports and imports?

Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.

Is the sum total of imports and exports?

The indicators are calculated for trade in goods, trade in services and total trade in goods and services. The average of imports and exports, which indicates roughly the size of international trade, is the sum of imports and exports divided by two.

When did the US have a trade surplus?

The US last had a trade surplus in 1975.

How much did the US import in the most recent year?

2018 exports of services ($828.1 billion) were the highest on record. 2018 imports of goods and services ($3.1 trillion) were the highest on record. 2018 imports of goods ($2.6 trillion) were the highest on record. 2018 imports of services ($557.9 billion) were the highest on record.

What are imports and exports?

Exporting is the sale of products and services in foreign countries that are sourced or made in the home country. Importing refers to buying goods and services from foreign sources and bringing them back into the home country.

What was the value of exports in 2017?

In 2017, the global trade value of goods exported throughout the world amounted to approximately 17.7 trillion U.S. dollars. In comparison, this figure stood at around 6.45 trillion U.S. dollars in 2000. The rise in the value of goods exported around the world reflects developments in international trade, globalization, and advances in technology.

How much of u.s.agricultural production is exported?

Overall, the export share of U.S. agricultural production averaged 20 percent from 2011 to 2013 based on volume, the same average annual share since 2000. U.S. consumers rely heavily on imports for certain products where demand far outweighs domestic production capacity.

What was the value of exports in 2000?

In comparison, this figure stood at around 6.45 trillion U.S. dollars in 2000. The rise in the value of goods exported around the world reflects developments in international trade, globalization, and advances in technology.

What are the largest imports from the United States?

The largest U.S. imports are horticultural and tropical products. U.S. agricultural exports were valued at $140 billion in 2018, a 1-percent increase relative to 2017. Export growth was hampered by reduced exports to Asia, particularly for soybean exports. Imports grew by 6 percent in 2018 to $129 billion.