US trade deficit decreases as goods exports go up to $223.5bn
16 Sep '05
2 min read
“Other” transportation (such as freight and port services) and passenger fares also increased. These increases were partly offset by decreases in “other” private services (such as business, professional, and technical services, insurance services, and financial services), and in royalties and license fees.
Services payments increased to $80.1 billion from $79.3 billion.
Increases in “other” private services, in travel, and in passenger fares were partly offset by a decrease in “other” transportation.
Income The balance on income shifted to a deficit of $0.5 billion in the second quarter from a surplus of $0.6 billion in the first.
Investment income Income receipts on U.S.-owned assets abroad increased to $112.6 billion from $106.2 billion.
The increase was almost entirely accounted for by increases in direct investment receipts and in “other” private receipts (which consists of interest and dividends).
Income payments on foreign-owned assets in the United States increased to $111.6 billion from $104.1 billion.
Increases in “other” private payments (which consists of interest and dividends), in direct investment payments, and in U.S. Government payments (which consists of interest) all contributed.
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