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US Services Surplus Decreases Slightly In January. Data released by BEA March 20, 2000. By Harry Freeman and Dan Keller.
Mar 20, 2001

The January trade in goods deficit was $39.5 billion and the trade in services surplus was $6.2 billion. Imports of services were virtually unchanged from December 2000 at $18.7 billion while exports decreased $0.2 billion from December and were $24.9 billion. Therefore, the January 2001 services Surplus decreased from December's $6.3 Billion according to statistics released today by the US Department of Commerce.

Decreases in imports of travel and passenger fares were nearly offset by increases in other private services and other transportation. Services exports decreased $0.1 billion, accounted for by a decrease in other private services (which include items such as financial services and business, professional, and technical services) and travel. Changes in other categories of services exports were small and nearly offsetting. The services surplus for 2000 was $79.8 billion, down $0.8 billion from the figure of $80.6 billion for 1999. In 2000, exports of services were up $23.2 billion from 1999, while imports of services also increased, climbing by $24.0 billion from the 1999 figures. The highest increases for services exports in 2000 were travel ($10.3 billion) and "other private services" such as financial services and business, professional, and technical services ($9.0 billion). Other transportation ($6.5 billion), travel ($6.4 billion), and other private services ($5.8 billion) led the increases for services imports in 2000. For 2000, the combined goods and services deficit was $369.7 billion, up $104.7 billion from 1999. The 2000 goods deficit reached $449.5 billion, rising by $103.9 billion from the 1999 figure. Total U.S. exports of both goods and services for the year 2000 reached a record $1.1 trillion
By Harry Freeman and Daniel Keller. Dan Keller works at the US Coalition of Service Industries.

Source:US Department of Commerce Bureau of Economic Analysis“U.S. International Trade in Goods and Services, January 2001” http://www.bea.doc.gov/bea/newsrel/trad0101.htm

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