BEA Transaction Tables - Goods and Services

D–58

December 2008

International Data
F. Transactions Tables
Selected U.S. international transactions tables are presented in this section. For BEA’s full set of detailed estimates of U.S.
international transactions, visit BEA’s Web site at www.bea.gov.
Table F.1. U.S. International Transactions in Goods and Services
[Millions of dollars, monthly estimates seasonally adjusted]
2007
2006

2008

2007
Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

March

April

r

May

r

June

r

July

r

Aug.

r

Sept.

r

Oct.

p

Exports of goods and services........................................ 1,457,014 1,645,726 142,778 144,108 145,214 146,144 149,389 152,551 149,706 155,236 157,182 163,080 168,351 165,612 155,090 151,726
Goods............................................................................. 1,023,109 1,148,481
Foods, feeds, and beverages ......................................
65,962
84,264
Industrial supplies and materials ................................ 276,045 316,335
Capital goods, except automotive ............................... 414,986 447,433
Automotive vehicles, parts, and engines..................... 106,977 121,045
Consumer goods (nonfood), except automotive ......... 129,074 146,102
Other goods ................................................................
43,589
47,300
Adjustments 1 ............................................................. –13,525 –13,999

99,468 100,371 100,968 101,842 104,686 108,098 105,029 110,059 110,998 116,255 120,834 117,886 107,816 104,796
8,054
7,700
7,967
7,986
8,629
9,113
9,599
9,864
9,663 10,402 10,363 10,172
9,016
8,241
27,636 27,555 27,994 28,704 29,729 31,775 31,549 32,724 34,178 36,713 38,269 37,382 32,956 31,544
38,095 38,991 38,815 39,404 39,377 39,331 37,831 40,111 39,439 40,597 41,500 42,323 38,129 38,016
10,428 10,502 10,836 10,101 10,328 10,826
9,442 10,032 10,218 10,796 12,160 10,475 10,334 10,098
12,614 12,480 12,346 12,802 13,281 13,364 12,586 13,426 13,422 14,134 14,884 13,999 13,480 13,324
3,542
4,186
4,443
3,909
4,137
4,594
4,533
4,678
4,624
4,371
4,487
4,607
4,362
4,287
–900 –1,043 –1,433 –1,065
–796
–906
–512
–776
–546
–758
–828 –1,073
–459
–714

Services .........................................................................
Travel...........................................................................
Passenger fares ..........................................................
Other transportation ....................................................
Royalties and license fees...........................................
Other private services .................................................
Transfers under U.S. military agency sales contracts 2
U.S. Government miscellaneous services ..................

43,310
8,481
2,210
4,366
7,408
19,472
1,268
105

433,905
85,720
22,036
46,323
72,191
189,050
17,430
1,155

497,245
96,712
25,586
51,586
82,614
223,483
16,052
1,212

43,737
8,753
2,379
4,483
7,258
19,568
1,190
106

44,246
8,866
2,399
4,695
7,265
19,725
1,188
107

44,302
8,880
2,481
4,611
7,294
19,765
1,163
107

44,703
8,880
2,457
4,900
7,127
19,493
1,745
100

44,453
9,069
2,528
4,870
7,181
19,291
1,414
99

44,677
9,111
2,638
4,862
7,250
19,504
1,212
100

45,177
9,043
2,420
5,180
7,427
19,843
1,163
101

46,184
9,422
2,551
5,273
7,529
20,085
1,220
103

46,825
9,588
2,716
5,337
7,621
20,287
1,171
104

47,517
9,780
2,813
5,370
7,694
20,570
1,185
105

47,727
10,109
2,855
5,354
7,771
20,296
1,236
105

47,274
9,579
2,794
5,096
7,845
20,706
1,149
105

46,930
9,387
2,743
4,910
7,885
20,625
1,276
104

Imports of goods and services........................................ 2,210,298 2,345,983 198,243 200,441 205,084 203,722 208,100 213,985 206,670 216,608 217,201 221,769 229,469 224,471 211,650 208,916
Goods............................................................................. 1,861,380 1,967,853 166,207 168,084 172,664 171,350 174,833 180,580 173,432 183,009 183,109 187,523 194,949 188,944 177,353 174,609
Foods, feeds, and beverages ......................................
74,938
81,683
6,963
6,922
7,102
6,907
7,081
7,183
7,088
7,379
7,640
7,500
7,544
7,793
7,598
7,679
Industrial supplies and materials ................................ 601,988 634,746 53,505 55,139 59,198 60,310 63,954 64,510 61,521 67,502 67,067 73,363 79,857 73,772 65,247 65,143
Capital goods, except automotive ............................... 418,259 444,486 37,907 37,704 37,851 37,712 37,446 38,272 37,882 39,112 39,782 38,441 39,012 38,258 38,735 37,292
Automotive vehicles, parts, and engines..................... 256,627 258,920 22,075 22,170 22,099 20,722 21,229 22,794 20,299 21,474 20,472 20,530 20,443 19,285 18,466 17,545
Consumer goods (nonfood), except automotive ......... 442,639 474,892 39,377 39,975 40,314 39,727 39,059 40,963 39,531 40,194 41,840 41,331 41,073 43,576 40,208 40,674
Other goods ................................................................
59,487
62,234
5,284
5,299
5,468
5,168
5,272
5,201
5,526
5,757
5,554
5,652
5,992
5,615
5,638
5,484
Adjustments 1 .............................................................
7,441
10,892
1,094
876
632
804
794
1,657
1,584
1,590
754
707
1,028
646
1,460
792
Services .........................................................................
Travel...........................................................................
Passenger fares ..........................................................
Other transportation ....................................................
Royalties and license fees...........................................
Other private services .................................................
Direct defense expenditures 2 .....................................
U.S. Government miscellaneous services ..................

348,918
72,104
27,501
65,262
23,777
125,221
31,032
4,021

378,130
76,167
28,486
67,050
25,048
144,375
32,820
4,184

32,036
6,452
2,486
5,524
2,036
12,431
2,747
359

32,357
6,547
2,440
5,718
1,996
12,438
2,857
360

32,420
6,519
2,447
5,752
1,992
12,447
2,902
360

32,372
6,467
2,477
5,671
2,002
12,465
2,929
361

33,267
6,810
2,663
5,935
2,172
12,412
2,914
361

33,405
6,840
2,646
6,040
2,227
12,368
2,923
361

33,238
6,753
2,619
5,894
2,263
12,416
2,932
361

33,599
6,666
2,616
6,104
2,201
12,677
2,974
361

34,092
6,887
2,642
6,211
2,206
12,788
2,996
363

34,246
6,739
2,775
6,248
2,220
12,885
3,016
364

34,519
6,720
2,807
6,346
2,260
12,973
3,046
368

35,527
6,882
2,772
6,296
3,173
12,981
3,054
369

34,297
6,566
2,666
6,197
2,295
13,154
3,050
370

34,307
6,576
2,727
6,068
2,286
13,249
3,034
367

Memoranda:
Balance on goods ........................................................... –838,270 –819,373 –66,738 –67,713 –71,697 –69,509 –70,147 –72,483 –68,403 –72,950 –72,111 –71,267 –74,116 –71,058 –69,537 –69,813
Balance on services........................................................
84,987 119,115 11,274 11,380 11,826 11,930 11,436 11,048 11,439 11,577 12,092 12,578 12,998 12,200 12,977 12,623
Balance on goods and services...................................... –753,283 –700,258 –55,464 –56,333 –59,871 –57,579 –58,711 –61,435 –56,964 –61,372 –60,019 –58,689 –61,118 –58,858 –56,559 –57,190
p Preliminary
r Revised
1. Reflects adjustments necessary to bring the Census Bureau’s component data in line with the concepts and defini-

tions used to prepare BEA’s international and national accounts.
2. Contains goods that cannot be separately identified.
Source: U.S. Bureau of Economic Analysis and U.S. Census Bureau .

SURVEY OF CURRENT BUSINESS

December 2008

D–59

Table F.2. U.S. International Transactions
[Millions of dollars]
Not seasonally adjusted
Line

(Credits +; debits –)

2007

Seasonally adjusted

2007
I

II

2008
III

IV

I

r

2007
II

p

I

II

2008
III

IV

Current account
1 Exports of goods and services and income receipts ................................. 2,463,505 566,539 608,364 634,480 654,122 644,178 674,683 572,182 602,122 638,393 650,808
2 Exports of goods and services..................................................................... 1,645,726 381,201 404,467 420,832 439,225 446,177 477,841 385,436 399,951 424,873 435,465
3
Goods, balance of payments basis .......................................................... 1,148,481 267,716 285,008 287,925 307,832 315,351 341,526 270,318 279,488 295,494 303,180
4
Services ...................................................................................................
497,245 113,485 119,459 132,908 131,393 130,826 136,315 115,118 120,463 129,378 132,285
5
Transfers under U.S. military agency sales contracts...........................
16,052
4,629
4,000
3,881
3,542
4,371
3,516
4,629
4,000
3,881
3,542
6
Travel ....................................................................................................
96,712 19,658 24,387 29,159 23,508 24,152 29,281 21,818 23,154 25,241 26,499
7
Passenger fares ...................................................................................
25,586
5,529
5,848
6,868
7,340
7,077
7,950
5,800
5,996
6,530
7,259
8
Other transportation .............................................................................
51,586 11,873 12,575 13,018 14,120 14,277 15,461 12,076 12,639 13,081 13,790
9
Royalties and license fees....................................................................
82,614 18,490 19,683 21,588 22,853 20,916 22,078 18,991 19,866 21,940 21,817
10
Other private services ..........................................................................
223,483 53,010 52,679 58,084 59,710 59,735 57,704 51,508 54,521 58,396 59,058
11
U.S. government miscellaneous services ............................................
1,212
296
288
309
320
299
325
296
288
309
320
12 Income receipts ............................................................................................
817,779 185,339 203,897 213,647 214,897 198,001 196,842 186,746 202,171 213,520 215,343
13
Income receipts on U.S.-owned assets abroad........................................
814,807 184,606 203,160 212,901 214,141 197,238 196,075 186,013 201,434 212,774 214,587
14
Direct investment receipts ....................................................................
368,275 81,973 91,434 95,105 99,764 95,434 101,604 83,391 89,673 94,953 100,259
15
Other private receipts...........................................................................
444,299 102,063 111,187 117,275 113,774 101,088 93,728 102,063 111,187 117,275 113,774
16
U.S. government receipts .....................................................................
2,233
570
539
521
603
716
743
559
574
546
554
17
Compensation of employees....................................................................
2,972
733
737
746
756
763
767
733
737
746
756
18 Imports of goods and services and income payments .............................. –3,082,014 –713,978 –777,437 –793,312 –797,288 –767,073 –830,555 –738,938 –771,262 –783,548 –788,264
19 Imports of goods and services ..................................................................... –2,345,984 –541,050 –583,705 –603,246 –617,983 –601,621 –661,680 –564,979 –578,770 –592,986 –609,248
20
Goods, balance of payments basis ......................................................... –1,967,853 –454,424 –487,304 –503,513 –522,612 –507,017 –556,515 –473,681 –485,375 –496,698 –512,099
21
Services ...................................................................................................
–378,130 –86,626 –96,401 –99,733 –95,371 –94,603 –105,165 –91,298 –93,395 –96,288 –97,149
22
Direct defense expenditures.................................................................
–32,820 –7,915 –8,085 –8,132 –8,688 –8,769 –8,856 –7,915 –8,085 –8,132 –8,688
23
Travel ....................................................................................................
–76,167 –15,837 –21,390 –21,916 –17,024 –17,410 –23,396 –18,538 –18,849 –19,247 –19,533
24
Passenger fares ...................................................................................
–28,486 –6,158 –7,588 –7,841 –6,899 –7,277 –8,832 –6,721 –6,979 –7,422 –7,364
25
Other transportation .............................................................................
–67,050 –15,570 –16,903 –17,476 –17,101 –17,192 –18,769 –16,022 –16,767 –17,119 –17,142
–25,048 –6,386 –6,011 –6,004 –6,646 –6,428 –6,524 –6,643 –6,260 –6,155 –5,991
26
Royalties and license fees ..................................................................
27
Other private services .........................................................................
–144,375 –33,744 –35,406 –37,294 –37,931 –36,444 –37,709 –34,444 –35,437 –37,145 –37,350
28
U.S. government miscellaneous services ............................................
–4,184 –1,016 –1,018 –1,069 –1,081 –1,083 –1,079 –1,016 –1,018 –1,069 –1,081
29 Income payments .........................................................................................
–736,030 –172,928 –193,732 –190,066 –179,305 –165,452 –168,875 –173,959 –192,492 –190,562 –179,016
30
Income payments on foreign-owned assets in the United States.............
–726,031 –170,529 –191,353 –187,602 –176,548 –162,938 –166,445 –171,560 –189,991 –188,045 –176,436
31
Direct investment payments .................................................................
–134,414 –32,097 –41,982 –34,800 –25,536 –25,884 –37,216 –33,128 –40,620 –35,243 –25,424
32
Other private payments ........................................................................
–426,515 –99,373 –107,963 –110,898 –108,281 –94,302 –86,265 –99,373 –107,963 –110,898 –108,281
33
U.S. government payments ..................................................................
–165,102 –39,059 –41,408 –41,904 –42,731 –42,752 –42,964 –39,059 –41,408 –41,904 –42,731
34
Compensation of employees....................................................................
–9,999 –2,399 –2,379 –2,464 –2,757 –2,514 –2,430 –2,399 –2,501 –2,517 –2,580
35 Unilateral current transfers, net....................................................................
–112,705 –30,543 –24,299 –27,693 –30,171 –32,408 –29,138 –30,174 –24,953 –27,796 –29,784
36 U.S. government grants................................................................................
–33,237 –10,567 –5,611 –7,109 –9,950 –9,990 –7,138 –10,567 –5,611 –7,109 –9,950
37 U.S. government pensions and other transfers ............................................
–7,323 –1,540 –1,777 –1,260 –2,746 –1,680 –2,024 –1,805 –1,834 –1,837 –1,849
38 Private remittances and other transfers........................................................
–72,145 –18,436 –16,910 –19,324 –17,475 –20,738 –19,976 –17,802 –17,508 –18,850 –17,985
Capital account
39 Capital account transactions, net.................................................................
–1,843
–543
–112
–617
–571
–600
–652
–543
–112
–617
–571
Financial account
40 U.S.-owned assets abroad, excluding financial derivatives (increase/
financial outflow (–)) .................................................................................. –1,289,854 –448,713 –526,163 –179,448 –135,529 –272,093 105,678 –442,065 –523,556 –170,476 –153,757
41 U.S. official reserve assets ...........................................................................
–122
–72
26
–54
–22
–276 –1,267
–72
26
–54
–22
42
Gold..........................................................................................................
0
0
0
0
0
0
0
0
0
0
0
43
Special drawing rights ..............................................................................
–154
–43
–39
–37
–35
–29
–22
–43
–39
–37
–35
44
Reserve position in the International Monetary Fund ..............................
1,021
212
294
230
285
112
–955
212
294
230
285
45
Foreign currencies....................................................................................
–989
–241
–229
–247
–272
–359
–290
–241
–229
–247
–272
46 U.S. government assets, other than official reserve assets .........................
–22,273
445
–596
623 –22,744
3,265 –41,265
445
–596
623 –22,744
47
U.S. credits and other long-term assets ...................................................
–2,475
–608 –1,405
–182
–279
–179 –1,173
–608 –1,405
–182
–279
48
Repayments on U.S. credits and other long-term assets .......................
4,104
1,091
687
780
1,546
487
860
1,091
687
780
1,546
49
U.S. foreign currency holdings and U.S. short-term assets......................
–23,902
–38
122
25 –24,011
2,957 –40,952
–38
122
25 –24,011
50 U.S. private assets ....................................................................................... –1,267,459 –449,086 –525,593 –180,017 –112,763 –275,082 148,210 –442,438 –522,985 –171,045 –130,990
51
Direct investment......................................................................................
–333,271 –73,354 –96,224 –71,015 –92,678 –100,548 –70,302 –66,706 –93,616 –62,043 –110,905
52
Foreign securities.....................................................................................
–288,731 –99,541 –84,671 –100,317 –4,202 –35,066 –32,457 –99,541 –84,671 –100,317 –4,202
53
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking
concerns ..............................................................................................
–706 –46,048 –134,713 80,012 100,043 81,848 25,224 –46,048 –134,713 80,012 100,043
54
U.S. claims reported by U.S. banks, not included elsewhere ...................
–644,751 –230,143 –209,985 –88,697 –115,926 –221,316 225,745 –230,143 –209,985 –88,697 –115,926
55 Foreign-owned assets in the United States, excluding financial
derivatives (increase/financial inflow (+)) ................................................ 2,057,703 692,604 720,720 267,216 377,162 459,399 29,452 692,713 718,112 266,476 380,402
56 Foreign official assets in the United States ..................................................
411,058 163,270 88,822 13,469 145,497 173,533 144,417 163,270 88,822 13,469 145,497
57
U.S. government securities ......................................................................
230,330 121,640 61,641 –7,788 54,837 167,883 150,390 121,640 61,641 –7,788 54,837
58
U.S. Treasury securities ......................................................................
58,865 40,337
1,610 –25,810 42,728 88,649 57,245 40,337
1,610 –25,810 42,728
59
Other ...................................................................................................
171,465 81,303 60,031 18,022 12,109 79,234 93,145 81,303 60,031 18,022 12,109
60
Other U.S. government liabilities ............................................................
5,342
366
–69
913
4,132
1,645
2,439
366
–69
913
4,132
61
U.S. liabilities reported by U.S. banks, not included elsewhere................
108,695 30,329 15,956
9,873 52,537 –26,930 –30,131 30,329 15,956
9,873 52,537
62
Other foreign official assets ....................................................................
66,691 10,935 11,294 10,471 33,991 30,935 21,719 10,935 11,294 10,471 33,991
63 Other foreign assets in the United States..................................................... 1,646,645 529,334 631,898 253,747 231,665 285,866 –114,965 529,443 629,290 253,007 234,905
64
Direct investment......................................................................................
237,542 13,917 64,470 106,648 52,506 80,819 96,918 14,026 61,862 105,908 55,746
65
U.S. Treasury securities ...........................................................................
156,825 42,882 –13,522 67,406 60,059 63,263 66,950 42,882 –13,522 67,406 60,059
66
U.S. securities other than U.S. Treasury securities ..................................
573,850 183,507 310,340 –30,486 110,489 –20,475 16,532 183,507 310,340 –30,486 110,489
67
U.S. currency............................................................................................
–10,675 –6,165 –1,635
655 –3,530
–914
230 –6,165 –1,635
655 –3,530
68
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking
concerns ..............................................................................................
156,290 90,061 122,476 55,599 –111,846 84,085 –61,972 90,061 122,476 55,599 –111,846
69
U.S. liabilities reported by U.S. banks, not included elsewhere................
532,813 205,132 149,769 53,925 123,987 79,088 –233,623 205,132 149,769 53,925 123,987
70 Financial derivatives, net...............................................................................
6,496 14,795 –1,007
5,942 –13,234 –8,001
n.a. 14,795 –1,007
5,942 –13,234
71 Statistical discrepancy (sum of above items with sign reversed) .............
–41,287 –80,161
–66 93,431 –54,491 –23,403 50,531 –67,970
656 71,627 –45,600
71a Of which: Seasonal adjustment discrepancy ............................................... .................. ............... .............. .............. .............. .............. ............... 12,192
722 –21,805
8,892
Memoranda:
72 Balance on goods (lines 3 and 20)...................................................................
–819,373 –186,708 –202,296 –215,588 –214,780 –191,666 –214,988 –203,363 –205,887 –201,204 –208,919
73 Balance on services (lines 4 and 21) ...............................................................
119,115 26,859 23,058 33,175 36,023 36,223 31,150 23,820 27,068 33,090 35,136
74 Balance on goods and services (lines 2 and 19) .............................................
–700,258 –159,849 –179,238 –182,414 –178,757 –155,443 –183,839 –179,543 –178,819 –168,114 –173,783
75 Balance on income (lines 12 and 29) ...............................................................
81,749 12,410 10,165 23,582 35,592 32,549 27,967 12,787
9,679 22,958 36,327
76 Unilateral current transfers, net (line 35) ..........................................................
–112,705 –30,543 –24,299 –27,693 –30,171 –32,408 –29,138 –30,174 –24,953 –27,796 –29,784
77 Balance on current account (lines 1, 18, and 35 or lines 74, 75, and 76) ........
–731,214 –177,982 –193,372 –186,525 –173,336 –155,302 –185,009 –196,930 –194,093 –172,952 –167,241
p Preliminary
r Revised

I

r

II

p

651,473
451,645
317,813
133,833
4,371
27,060
7,623
14,632
21,559
58,289
299
199,827
199,064
97,262
101,088
714
763
–795,371
–628,756
–528,845
–99,910
–8,769
–20,403
–7,928
–17,869
–6,663
–37,196
–1,083
–166,615
–164,055
–27,001
–94,302
–42,752
–2,560
–31,742
–9,990
–1,951
–19,801

669,691
474,819
337,312
137,506
3,516
28,243
7,904
15,577
22,264
59,677
325
194,873
194,106
99,612
93,728
766
767
–822,898
–655,369
–553,641
–101,729
–8,856
–20,560
–8,133
–18,560
–6,809
–37,732
–1,079
–167,529
–164,979
–35,750
–86,265
–42,964
–2,549
–29,941
–7,138
–1,976
–20,827

–600

–652

–260,644
–276
0
–29
112
–359
3,265
–179
487
2,957
–263,634
–89,100
–35,066

110,431
–1,267
0
–22
–955
–290
–41,265
–1,173
860
–40,952
152,963
–65,549
–32,457

81,848
–221,316

25,224
225,745

459,017
26,301
173,533 144,417
167,883 150,390
88,649
57,245
79,234
93,145
1,645
2,439
–26,930 –30,131
30,935
21,719
285,484 –118,116
80,437
93,767
63,263
66,950
–20,475
16,532
–914
230
84,085 –61,972
79,088 –233,623
–8,001
n.a.
–14,131
47,067
9,271
–3,464
–211,032 –216,328
33,922
35,777
–177,110 –180,551
33,212
27,344
–31,742 –29,941
–175,640 –183,147

International Data

D–60

December 2008

Table F.3. U.S. International Transactions, by Area—Continues
[Millions of dollars]
Europe
Line

European Union

Euro area

United Kingdom

(Credits +; debits –)
2008:I

r

2008:II

p

2008:I

r

2008:II

p

2008:I

r

2008:II

p

2008:I

r

2008:II

p

Current account
1 Exports of goods and services and income receipts ...............................................................
231,262
239,128
198,347
204,849
128,819
135,364
58,092
56,985
2 Exports of goods and services...................................................................................................
134,231
143,912
113,638
121,795
76,759
81,606
28,927
31,219
3
Goods, balance of payments basis ........................................................................................
81,372
87,322
68,047
72,622
50,291
53,215
13,965
14,770
4
Services .................................................................................................................................
52,859
56,590
45,591
49,172
26,468
28,392
14,962
16,449
5
Transfers under U.S. military agency sales contracts.........................................................
1,165
867
772
485
329
218
122
91
6
Travel..................................................................................................................................
7,362
9,393
6,702
8,605
3,366
4,189
2,702
3,544
7
Passenger fares .................................................................................................................
2,115
2,575
1,903
2,358
1,090
1,241
687
884
8
Other transportation ...........................................................................................................
5,135
5,458
4,464
4,805
2,487
2,724
1,183
1,266
9
Royalties and license fees..................................................................................................
12,080
12,749
9,804
10,355
6,977
7,374
2,055
2,162
10
Other private services ........................................................................................................
24,929
25,470
21,888
22,503
12,180
12,599
8,198
8,487
11
U.S. government miscellaneous services ..........................................................................
73
78
58
62
39
46
14
14
52,059
53,758
29,165
25,766
12 Income receipts ..........................................................................................................................
97,031
95,216
84,709
83,055
13
Income receipts on U.S.-owned assets abroad......................................................................
96,916
95,099
84,616
82,959
52,006
53,704
29,139
25,740
14
Direct investment receipts ..................................................................................................
45,132
47,038
37,845
39,372
29,247
31,191
6,990
6,429
15
Other private receipts.........................................................................................................
51,274
47,558
46,301
43,141
22,289
22,067
22,149
19,311
16
U.S. government receipts...................................................................................................
510
503
470
446
470
446
0
0
17
Compensation of employees..................................................................................................
115
117
94
95
53
54
25
26
18 Imports of goods and services and income payments ............................................................
–226,983
–254,677
–190,954
–215,105
–122,398
–142,588
–55,390
–58,003
19 Imports of goods and services ...................................................................................................
–145,827
–166,088
–123,695
–139,397
–89,539
–100,813
–24,050
–27,510
20
Goods, balance of payments basis ........................................................................................
–106,381
–118,311
–89,614
–97,947
–68,195
–74,741
–13,739
–15,075
21
Services .................................................................................................................................
–39,446
–47,777
–34,082
–41,449
–21,344
–26,072
–10,311
–12,436
22
Direct defense expenditures...............................................................................................
–3,386
–3,350
–3,032
–2,998
–2,570
–2,574
–419
–400
23
Travel..................................................................................................................................
–3,868
–8,966
–3,551
–7,936
–2,302
–5,494
–1,020
–2,000
24
Passenger fares .................................................................................................................
–2,926
–4,791
–2,773
–4,554
–1,729
–2,639
–936
–1,643
25
Other transportation ...........................................................................................................
–6,655
–7,495
–5,856
–6,626
–3,519
–3,978
–1,209
–1,398
26
Royalties and license fees..................................................................................................
–3,977
–4,035
–3,079
–3,125
–2,034
–2,064
–685
–694
27
Other private services ........................................................................................................
–18,128
–18,629
–15,397
–15,808
–8,867
–8,998
–5,983
–6,236
28
U.S. government miscellaneous services ..........................................................................
–506
–512
–393
–403
–323
–326
–59
–64
29 Income payments .......................................................................................................................
–81,156
–88,589
–67,259
–75,709
–32,859
–41,775
–31,340
–30,492
30
Income payments on foreign-owned assets in the United States...........................................
–80,978
–88,442
–67,123
–75,593
–32,766
–41,693
–31,311
–30,466
31
Direct investment payments ...............................................................................................
–17,270
–28,874
–10,941
–23,288
–4,283
–14,223
–5,205
–7,220
32
Other private payments ......................................................................................................
–53,125
–48,570
–48,588
–44,617
–24,469
–23,814
–23,101
–19,777
33
U.S. government payments ................................................................................................
–10,583
–10,998
–7,594
–7,688
–4,014
–3,656
–3,005
–3,469
34
Compensation of employees..................................................................................................
–178
–147
–137
–115
–93
–82
–29
–26
35 Unilateral current transfers, net..................................................................................................
–3,836
–3,208
–2,244
–1,611
–2,801
–2,203
760
765
36 U.S. government grants..............................................................................................................
–499
–510
–64
–46
–16
–14
0
0
37 U.S. government pensions and other transfers ..........................................................................
–456
–467
–424
–434
–323
–325
–71
–73
38 Private remittances and other transfers......................................................................................
–2,881
–2,231
–1,756
–1,131
–2,462
–1,864
831
838
Capital account
39 Capital account transactions, net...............................................................................................
–224
–228
–121
–122
–67
–68
–15
–15
Financial account
40 U.S.-owned assets abroad, excluding financial derivatives (increase/financial outflow (–))
–180,883
77,505
–191,818
23,999
–140,740
–72,275
–34,570
142,406
41 U.S. official reserve assets.........................................................................................................
–316
–263
–249
–194
–249
–194
0
0
42
Gold........................................................................................................................................
0
0
0
0
0
0
0
0
43
Special drawing rights ............................................................................................................ ...................... ...................... ...................... ...................... ....................... ...................... ...................... ......................
44
Reserve position in the International Monetary Fund ............................................................ ...................... ...................... ...................... ...................... ....................... ...................... ...................... ......................
45
Foreign currencies..................................................................................................................
–316
–263
–249
–194
–249
–194 ...................... ......................
46 U.S. government assets, other than official reserve assets .......................................................
3,058
–40,974
5,021
–34,989
5,019
–34
(*)
2
47
U.S. credits and other long-term assets .................................................................................
–6
–12
–3
0
0
0
0
0
48
Repayments on U.S. credits and other long-term assets.......................................................
70
35
31
7
27
7
0
0
49
U.S. foreign currency holdings and U.S. short-term assets....................................................
2,994
–40,997
4,993
–34,996
4,992
–41
(*)
2
50 U.S. private assets .....................................................................................................................
–183,624
118,742
–196,590
59,182
–145,510
–72,047
–34,571
142,404
51
Direct investment....................................................................................................................
–47,384
–41,514
–43,228
–36,478
–28,934
–28,854
–6,700
–1,854
52
Foreign securities ...................................................................................................................
–32,255
–22,936
–31,740
–30,876
–10,894
–7,535
–21,679
–26,725
53
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns.......................
37,359
23,644
36,931
23,245
–547
–17,469
45,990
42,339
54
U.S. claims reported by U.S. banks, not included elsewhere .................................................
–141,344
159,548
–158,553
103,291
–105,135
–18,189
–52,182
128,644
55 Foreign-owned assets in the United States, excluding financial derivatives (increase/
financial inflow (+))...................................................................................................................
252,465
–156,453
222,597
–186,644
144,193
–80,390
51,888
–107,960
( 2)
( 2)
( 2)
( 2)
( 2)
56 Foreign official assets in the United States ................................................................................
42,919
22,492
( 2)
57
U.S. government securities ....................................................................................................
( 1)
( 1)
( 2)
( 2)
( 2)
( 2)
( 2)
( 2)
1
1
2
2
2
2
2
58
U.S. Treasury securities .....................................................................................................
()
()
( )
( )
()
()
( )
( 2)
59
Other ..................................................................................................................................
( 1)
( 1)
( 2)
( 2)
( 2)
( 2)
( 2)
( 2)
60
Other U.S. government liabilities ............................................................................................
–43
113
–48
169
–19
250
32
93
1
1
2
2
2
2
2
61
U.S. liabilities reported by U.S. banks, not included elsewhere..............................................
()
()
( )
( )
()
()
( )
( 2)
62
Other foreign official assets....................................................................................................
( 1)
( 1)
( 2)
( 2)
( 2)
( 2)
( 2)
( 2)
( 2)
( 2)
( 2)
( 2)
( 2)
63 Other foreign assets in the United States...................................................................................
209,546
–178,945
( 2)
64
Direct investment....................................................................................................................
45,597
47,061
35,491
43,033
15,803
26,502
10,930
17,869
2
2
2
2
2
( )
()
()
( )
( 2)
65
U.S. Treasury securities .........................................................................................................
25,936
41,453
( )
66
U.S. securities other than U.S. Treasury securities ................................................................
–3,394
–572
–8,250
–6,168
–3,373
–32,483
–8,669
21,215
67
U.S. currency..........................................................................................................................
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
68
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns ....................
79,537
–53,027
79,370
–54,517
26,940
–14,249
53,362
–40,167
2 116,034
2 –169,161
2 104,842
2 –60,410
2 –3,767
2 –106,970
69
U.S. liabilities reported by U.S. banks, not included elsewhere..............................................
61,870
–213,860
70 Financial derivatives, net.............................................................................................................
–8,062
n.a.
–2,941
n.a.
–2,368
n.a.
–1,900
n.a.
71 Statistical discrepancy (sum of above items with sign reversed) ...........................................
–63,738
97,933
–32,866
174,635
–4,638
162,161
–18,865
–34,178
Memoranda:
72 Balance on goods (lines 3 and 20).................................................................................................
–25,009
–30,989
–21,567
–25,325
–17,903
–21,526
226
–304
73 Balance on services (lines 4 and 21) .............................................................................................
13,413
8,813
11,510
7,723
5,124
2,319
4,651
4,013
74 Balance on goods and services (lines 2 and 19) ...........................................................................
–11,596
–22,176
–10,057
–17,602
–12,779
–19,207
4,877
3,709
75 Balance on income (lines 12 and 29) .............................................................................................
15,875
6,627
17,450
7,346
19,200
11,982
–2,175
–4,726
76 Unilateral current transfers, net (line 35) ........................................................................................
–3,836
–3,208
–2,244
–1,611
–2,801
–2,203
760
765
77 Balance on current account (lines 1, 18, and 35 or lines 74, 75, and 76) ......................................
443
–18,757
5,149
–11,868
3,620
–9,428
3,462
–253
p Preliminary
r Revised
(*) Transactions are less than $500,000 (+/–)
1. Details not shown separately; see totals in lines 56 and 63.

2. Details not shown separately are included in line 69.

3. Estimates of financial derivatives for Mexico are included in Latin America and Other Western Hemisphere; and for

China and India, in Asia and Pacific. Estimates for the Middle East are combined with estimates for Asia and Pacific.

SURVEY OF CURRENT BUSINESS

December 2008

D–61

Table F.3. U.S. International Transactions, by Area—Continues
[Millions of dollars]
Latin America and Other
Western Hemisphere

Canada
Line

(Credits +; debits –)
2008:I

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77

r

2008:II

p

2008:I

r

2008:II

p

Mexico
2008:I

r

2008:II

Asia and Pacific
p

2008:I

r

2008:II

Australia
p

2008:I

r

2008:II

p

Current account
Exports of goods and services and income receipts ...............................................................
88,741
96,287
131,405
138,992
45,749
48,109
147,450
152,891
12,581
13,414
Exports of goods and services...................................................................................................
77,076
84,221
89,875
98,324
41,889
44,211
117,468
122,524
8,525
8,798
Goods, balance of payments basis ........................................................................................
64,624
71,897
66,919
73,800
35,871
38,078
83,794
88,696
5,491
5,721
Services .................................................................................................................................
12,452
12,324
22,956
24,524
6,018
6,134
33,675
33,828
3,034
3,077
Transfers under U.S. military agency sales contracts.........................................................
76
124
191
196
5
3
1,409
931
480
91
Travel..................................................................................................................................
4,406
4,195
5,355
6,556
1,761
1,811
6,221
7,970
601
903
Passenger fares .................................................................................................................
1,050
998
2,037
2,150
689
661
1,715
2,035
165
205
Other transportation ...........................................................................................................
884
933
1,720
1,861
388
420
4,969
5,509
101
116
Royalties and license fees..................................................................................................
1,689
1,794
1,815
1,925
488
519
4,880
5,128
518
554
11,784
2,679
2,711
14,355
12,136
1,165
1,203
Other private services ........................................................................................................
4,330
4,242
11,792
U.S. government miscellaneous services ..........................................................................
17
39
47
53
8
8
126
120
4
5
Income receipts..........................................................................................................................
11,665
12,066
41,530
40,669
3,860
3,898
29,982
30,368
4,056
4,615
Income receipts on U.S.-owned assets abroad......................................................................
11,623
12,024
41,473
40,612
3,851
3,889
29,878
30,263
4,049
4,608
Direct investment receipts ..................................................................................................
5,462
5,980
17,994
19,746
2,783
2,891
18,101
19,309
1,708
2,202
Other private receipts.........................................................................................................
6,161
6,044
23,465
20,801
1,067
996
11,687
10,840
2,341
2,406
U.S. government receipts...................................................................................................
0
0
14
65
1
2
90
114
0
0
Compensation of employees..................................................................................................
42
42
57
57
9
9
104
104
7
7
Imports of goods and services and income payments ............................................................
–95,662 –106,944 –139,363 –146,237
–61,048
–65,715 –236,734 –244,964
–6,520
–7,109
Imports of goods and services ...................................................................................................
–89,425
–99,383 –107,728 –117,961
–57,720
–62,238 –197,468 –206,742
–3,946
–4,612
Goods, balance of payments basis ........................................................................................
–83,995
–92,714
–90,398 –100,785
–53,146
–58,024 –172,693 –181,269
–2,190
–2,874
–4,214
–24,775
–25,473
–1,756
–1,738
Services .................................................................................................................................
–5,430
–6,669
–17,331
–17,176
–4,574
Direct defense expenditures...............................................................................................
–65
–65
–86
–100
–5
–2
–1,691
–1,741
–35
–49
Travel..................................................................................................................................
–1,031
–2,044
–7,044
–6,521
–3,090
–2,676
–4,576
–4,683
–432
–344
Passenger fares .................................................................................................................
–79
–95
–925
–880
–234
–219
–2,948
–2,758
–267
–259
Other transportation ...........................................................................................................
–1,245
–1,350
–1,849
–1,976
–353
–373
–6,025
–6,404
–97
–104
Royalties and license fees..................................................................................................
–184
–188
–99
–103
–24
–24
–2,082
–2,110
–98
–100
Other private services ........................................................................................................
–2,722
–2,813
–7,174
–7,440
–825
–873
–7,262
–7,609
–816
–863
U.S. government miscellaneous services ..........................................................................
–105
–115
–153
–155
–43
–47
–191
–168
–11
–18
Income payments .......................................................................................................................
–6,237
–7,561
–31,635
–28,276
–3,328
–3,477
–39,266
–38,222
–2,574
–2,497
Income payments on foreign-owned assets in the United States...........................................
–6,086
–7,422
–29,873
–26,409
–1,620
–1,647
–38,891
–37,974
–2,568
–2,493
Direct investment payments ...............................................................................................
–2,393
–3,738
–372
–448
–194
–225
–4,646
–3,693
–1,387
–1,295
Other private payments ......................................................................................................
–3,412
–3,325
–24,484
–21,278
–652
–622
–9,443
–9,363
–912
–924
U.S. government payments ................................................................................................
–281
–359
–5,017
–4,683
–774
–800
–24,802
–24,918
–269
–274
Compensation of employees..................................................................................................
–151
–139
–1,762
–1,867
–1,708
–1,830
–375
–248
–5
–4
Unilateral current transfers, net..................................................................................................
–323
–405
–7,459
–7,730
–3,181
–3,196
–6,142
–5,816
30
–16
U.S. government grants..............................................................................................................
0
0
–464
–617
–18
–28
–2,097
–2,354
–1
0
U.S. government pensions and other transfers ..........................................................................
–165
–167
–198
–205
–73
–75
–235
–239
–23
–25
Private remittances and other transfers .....................................................................................
–158
–238
–6,797
–6,908
–3,090
–3,093
–3,809
–3,223
54
9
Capital account
Capital account transactions, net...............................................................................................
34
36
–45
–48
–26
–25
–263
–268
–8
–8
Financial account
U.S.-owned assets abroad, excluding financial derivatives (increase/financial outflow (–))
–31,291
11,043
–43,889
22,438
1,132
2,477
–11,556
–2,050
–8,204
–15,853
U.S. official reserve assets.........................................................................................................
0
0
0
0
0
0
–43
–27
0
0
Gold........................................................................................................................................
0
0
0
0
0
0
0
0
0
0
Special drawing rights ............................................................................................................ ................. .................. ................. .................. ................. ................ ................ ................. ................. .................
Reserve position in the International Monetary Fund ............................................................ ................. .................. ................. .................. ................. ................ ................ ................. ................. .................
Foreign currencies.................................................................................................................. ................. .................. ................. .................. ................. ................
–43
–27 ................. .................
U.S. government assets, other than official reserve assets .......................................................
(*)
1
17
200
8
12
122
103
(*)
–6
U.S. credits and other long-term assets.................................................................................
0
0
–38
–31
0
–8
–43
–71
0
0
Repayments on U.S. credits and other long-term assets.......................................................
0
0
73
226
13
12
170
176
0
0
U.S. foreign currency holdings and U.S. short-term assets....................................................
(*)
1
–19
5
–5
8
–5
–2
(*)
–6
U.S. private assets .....................................................................................................................
–31,291
11,042
–43,905
22,238
1,124
2,465
–11,635
–2,126
–8,205
–15,847
Direct investment....................................................................................................................
–12,463
–1,195
–21,738
–7,914
–2,498
–1,833
–11,340
–16,009
–940
–1,760
Foreign securities...................................................................................................................
1,278
–10,923
–2,456
–7,027
5,862
4,111
–3,247
8,639
–12,007
–8,763
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns.......................
1,833
–732
32,271
3,379
21
–1,097
10,435
–893
3,152
59
U.S. claims reported by U.S. banks, not included elsewhere .................................................
–21,939
23,892
–51,982
33,800
–2,261
1,284
–7,483
6,137
1,590
–5,383
Foreign-owned assets in the United States, excluding financial derivatives (increase/
financial inflow (+))...................................................................................................................
29,867
33,824
–23,121
–13,153
7,669
7,669
164,831
134,413
17,628
8,158
( 2)
98,624
85,030
( 2)
( 2)
Foreign official assets in the United States ................................................................................
–17
197
8,730
23,053
( 2)
1
1
1
1
2
2
1
1
2
U.S. government securities ....................................................................................................
( )
()
()
()
( )
( )
( )
()
()
( 2)
U.S. Treasury securities .....................................................................................................
( 1)
( 1)
( 1)
( 1)
( 2)
( 2)
( 1)
( 1)
( 2)
( 2)
Other ..................................................................................................................................
( 1)
( 1)
( 1)
( 1)
( 2)
( 2)
( 1)
( 1)
( 2)
( 2)
Other U.S. government liabilities ............................................................................................
79
–53
169
6
–1
0
1,104
1,245
–223
26
U.S. liabilities reported by U.S. banks, not included elsewhere..............................................
( 1)
( 1)
( 1)
( 1)
( 2)
( 2)
( 1)
( 1)
( 2)
( 2)
Other foreign official assets....................................................................................................
( 1)
( 1)
( 1)
( 1)
( 2)
( 2)
( 1)
( 1)
( 2)
( 2)
( 2)
66,207
49,383
( 2)
( 2)
Other foreign assets in the United States...................................................................................
29,884
33,627
–31,851
–36,206
( 2)
Direct investment....................................................................................................................
9,446
11,239
6,376
19,504
1,298
792
15,487
17,185
7,662
532
U.S. Treasury securities .........................................................................................................
( 1)
( 1)
( 1)
( 1)
( 2)
( 2)
( 1)
( 1)
( 2)
( 2)
U.S. securities other than U.S. Treasury securities ................................................................
7,346
10,758
–41,089
–12,772
2,664
–1,019
17,519
14,740
1,708
2,634
U.S. currency..........................................................................................................................
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns ....................
( 1)
( 1)
( 1)
( 1)
282
1,090
( 1)
( 1)
117
–46
2 3,426
2 6,806
2 8,364
2 5,012
U.S. liabilities reported by U.S. banks, not included elsewhere..............................................
12,021
4,356
6,046
–51,683
–4,698
21,825
n.a.
–5,003
n.a.
1,352
n.a.
Financial derivatives, net.............................................................................................................
3,139
n.a.
1,816
n.a.
( 3)
Statistical discrepancy (sum of above items with sign reversed) ...........................................
5,494
–33,840
80,656
5,738
9,706
10,682
–52,583
–34,205
–16,860
1,415
Memoranda:
Balance on goods (lines 3 and 20).................................................................................................
–19,371
–20,817
–23,479
–26,985
–17,275
–19,946
–88,899
–92,573
3,301
2,847
Balance on services (lines 4 and 21) .............................................................................................
7,023
5,655
5,626
7,348
1,444
1,920
8,899
8,355
1,278
1,339
Balance on goods and services (lines 2 and 19) ...........................................................................
–12,348
–15,162
–17,853
–19,637
–15,831
–18,027
–80,000
–84,218
4,579
4,187
Balance on income (lines 12 and 29).............................................................................................
5,428
4,504
9,895
12,393
532
420
–9,284
–7,854
1,482
2,118
Unilateral current transfers, net (line 35) ........................................................................................
–323
–405
–7,459
–7,730
–3,181
–3,196
–6,142
–5,816
30
–16
–14,975
–18,480
–20,803
–95,426
–97,889
6,092
6,289
Balance on current account (lines 1, 18, and 35 or lines 74, 75, and 76) ......................................
–7,243
–11,062
–15,417

p Preliminary
r Revised
(*) Transactions are less than $500,000 (+/–)
1. Details not shown separately; see totals in lines 56 and 63.

2. Details not shown separately are included in line 69.

3. Estimates of financial derivatives for Mexico are included in Latin America and Other Western Hemisphere; and for

China and India, in Asia and Pacific. Estimates for the Middle East are combined with estimates for Asia and Pacific.

International Data

D–62

December 2008

Table F.3. U.S. International Transactions, by Area—Table Ends
[Millions of dollars]
China
Line

India

Japan

Middle East

Africa

(Credits +; debits –)
2008:I

r

2008:II

p

2008:I

r

2008:II

p

2008:I

r

2008:II

p

2008:I

r

2008:II

p

2008:I

r

2008:II

p

Current account
1 Exports of goods and services and income receipts ...............................................................
24,449
24,929
7,919
8,370
34,039
35,491
19,908
21,350
11,543
12,044
2 Exports of goods and services...................................................................................................
22,010
22,361
6,947
7,531
26,873
28,410
16,956
18,119
9,359
9,438
3
Goods, balance of payments basis ........................................................................................
17,954
18,667
4,223
4,628
16,127
17,285
12,110
13,104
6,533
6,708
4
Services .................................................................................................................................
4,056
3,693
2,724
2,903
10,746
11,125
4,846
5,015
2,826
2,730
5
Transfers under U.S. military agency sales contracts.........................................................
0
0
10
9
110
128
1,176
1,152
326
198
6
Travel ..................................................................................................................................
599
597
572
1,119
2,797
3,061
518
717
290
450
7
Passenger fares .................................................................................................................
212
170
249
505
955
996
83
105
77
87
8
Other transportation ...........................................................................................................
710
784
162
176
1,114
1,229
761
812
298
345
9
Royalties and license fees..................................................................................................
504
531
258
276
1,814
1,903
238
255
212
227
803
3,910
3,765
2,053
1,955
1,601
1,406
10
Other private services ........................................................................................................
2,025
1,603
1,458
11
U.S. government miscellaneous services ..........................................................................
7
9
15
15
46
42
16
19
22
17
12 Income receipts ..........................................................................................................................
2,439
2,568
971
839
7,166
7,080
2,953
3,232
2,184
2,606
13
Income receipts on U.S.-owned assets abroad......................................................................
2,430
2,559
967
835
7,145
7,059
2,927
3,206
2,164
2,586
14
Direct investment receipts ..................................................................................................
1,684
1,937
517
475
2,659
2,782
2,293
2,637
1,630
2,083
15
Other private receipts.........................................................................................................
730
615
446
357
4,442
4,250
618
553
477
482
16
U.S. government receipts ...................................................................................................
16
7
4
3
44
27
16
16
57
21
17
Compensation of employees..................................................................................................
10
10
5
5
21
21
26
26
20
20
18 Imports of goods and services and income payments ............................................................
–87,268
–97,155
–10,195
–9,560
–59,994
–58,043
–34,809
–37,892
–29,222
–35,556
19 Imports of goods and services ...................................................................................................
–75,062
–84,348
–9,655
–9,072
–44,167
–43,368
–31,465
–35,409
–28,712
–35,050
20
Goods, balance of payments basis ........................................................................................
–72,767
–81,575
–6,639
–6,197
–37,492
–36,384
–26,232
–30,038
–27,319
–33,398
–6,984
–5,233
–5,371
–1,393
–1,652
21
Services .................................................................................................................................
–2,295
–2,773
–3,016
–2,875
–6,675
22
Direct defense expenditures...............................................................................................
–7
–1
–1
–13
–473
–425
–3,421
–3,500
–120
–100
23
Travel ..................................................................................................................................
–542
–836
–743
–522
–833
–968
–463
–506
–428
–676
24
Passenger fares .................................................................................................................
–170
–220
–57
–27
–370
–381
–299
–224
–100
–84
25
Other transportation ...........................................................................................................
–895
–999
–103
–98
–1,694
–1,846
–328
–381
–125
–149
26
Royalties and license fees..................................................................................................
–33
–33
–18
–19
–1,860
–1,884
–48
–49
–12
–12
27
Other private services ........................................................................................................
–640
–675
–2,084
–2,189
–1,397
–1,452
–618
–648
–543
–572
28
U.S. government miscellaneous services ..........................................................................
–7
–9
–10
–7
–48
–28
–57
–63
–66
–58
29 Income payments .......................................................................................................................
–12,206
–12,808
–540
–488
–15,827
–14,675
–3,344
–2,484
–510
–506
30
Income payments on foreign-owned assets in the United States...........................................
–12,085
–12,711
–463
–442
–15,787
–14,648
–3,326
–2,472
–479
–489
31
Direct investment payments ...............................................................................................
–16
–22
–222
–237
–2,931
–1,941
–108
628
4
–11
32
Other private payments ......................................................................................................
–1,358
–1,370
–106
–92
–3,640
–3,695
–1,535
–1,503
–243
–211
33
U.S. government payments ................................................................................................
–10,711
–11,319
–135
–113
–9,216
–9,012
–1,683
–1,597
–240
–267
34
Compensation of employees..................................................................................................
–121
–97
–77
–46
–40
–27
–18
–11
–31
–17
35 Unilateral current transfers, net..................................................................................................
–718
–586
–888
–707
–270
–198
–4,038
–2,106
–3,670
–2,018
36 U.S. government grants..............................................................................................................
–2
–2
–30
–26
0
0
–3,456
–1,524
–2,431
–791
37 U.S. government pensions and other transfers ..........................................................................
–2
–2
–5
–5
–68
–69
–38
–39
–8
–8
38 Private remittances and other transfers......................................................................................
–714
–582
–853
–676
–202
–129
–544
–543
–1,231
–1,219
Capital account
39 Capital account transactions, net...............................................................................................
–44
–46
–49
–51
1
1
–90
–129
–12
–15
Financial account
40 U.S.-owned assets abroad, excluding financial derivatives (increase/financial outflow (–))
5,005
–765
1,828
–1,605
–9,591
3,401
8,955
2,869
–8,699
–2,352
41 U.S. official reserve assets .........................................................................................................
0
0
0
0
–43
–27
0
0
0
0
42
Gold........................................................................................................................................
0
0
0
0
0
0
0
0
0
0
43
Special drawing rights ............................................................................................................ ................. ................. ................. ................. ................. .................. ................. ................. ................. .................
44
Reserve position in the International Monetary Fund ............................................................ ................. ................. ................. ................. ................. .................. ................. ................. ................. .................
45
Foreign currencies.................................................................................................................. ................. ................. ................. .................
–43
–27 ................. ................. ................. .................
46 U.S. government assets, other than official reserve assets........................................................
37
17
16
–1
–20
18
35
368
54
–10
47
U.S. credits and other long-term assets .................................................................................
0
0
0
0
0
0
–5
–5
–65
–81
48
Repayments on U.S. credits and other long-term assets .......................................................
38
21
17
7
0
0
52
356
120
67
49
U.S. foreign currency holdings and U.S. short-term assets....................................................
–1
–4
–1
–8
–20
18
–12
17
–1
4
50 U.S. private assets .....................................................................................................................
4,968
–782
1,812
–1,604
–9,528
3,410
8,920
2,501
–8,753
–2,342
51
Direct investment....................................................................................................................
–2,139
–2,307
–1,019
–362
–987
–2,716
–2,252
–240
–547
1,382
52
Foreign securities ...................................................................................................................
4,320
5,447
2,636
19
3,043
2,414
1,188
2,116
287
–835
53
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns.......................
64
–272
91
–124
–101
–57
516
–41
–508
–111
54
U.S. claims reported by U.S. banks, not included elsewhere .................................................
2,723
–3,650
104
–1,137
–11,483
3,769
9,468
666
–7,985
–2,778
55 Foreign-owned assets in the United States, excluding financial derivatives (increase/
financial inflow (+))...................................................................................................................
76,635
109,707
–267
839
50,620
33,386
26,173
21,188
8,325
9,711
( 2)
( 2)
( 2)
( 2)
( 2)
21,628
9,998
1,645
3,585
56 Foreign official assets in the United States ................................................................................
( 2)
57
U.S. government securities ....................................................................................................
( 2)
( 2)
( 2)
( 2)
( 2)
( 2)
( 1)
( 1)
( 1)
( 1)
58
U.S. Treasury securities .....................................................................................................
( 2)
( 2)
( 2)
( 2)
( 2)
( 2)
( 1)
( 1)
( 1)
( 1)
2
2
2
2
2
2
1
1
1
59
Other ..................................................................................................................................
( )
( )
( )
()
()
()
()
()
()
( 1)
60
Other U.S. government liabilities ............................................................................................
0
0
126
62
103
82
235
1,030
97
36
2
2
2
2
2
2
1
1
1
61
U.S. liabilities reported by U.S. banks, not included elsewhere..............................................
( )
( )
( )
()
()
()
()
()
()
( 1)
2
2
2
2
2
2
1
1
1
62
Other foreign official assets ...................................................................................................
( )
( )
( )
()
()
()
()
()
()
( 1)
( 2)
( 2)
( 2)
( 2)
( 2)
4,545
11,190
6,680
6,126
63 Other foreign assets in the United States...................................................................................
( 2)
64
Direct investment....................................................................................................................
331
–153
1,202
320
5,763
15,943
1,932
1,060
883
–210
( 2)
( 2)
( 2)
( 2)
( 2)
( 1)
( 1)
( 1)
( 1)
65
U.S. Treasury securities .........................................................................................................
( 2)
66
U.S. securities other than U.S. Treasury securities ................................................................
–9,527
–910
1,610
–147
18,662
7,880
2,094
4,682
–2,658
–422
67
U.S. currency..........................................................................................................................
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
68
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns ....................
3,183
707
–33
–76
1,270
–1,068
( 1)
( 1)
( 1)
( 1)
2 82,648
2 110,063
2 –3,172
2 680
2 24,822
2 10,549
69
U.S. liabilities reported by U.S. banks, not included elsewhere..............................................
–2,838
2,704
5,806
4,609
n.a.
( 3)
n.a.
–4,730
n.a.
( 3)
n.a.
–146
n.a.
70 Financial derivatives, net.............................................................................................................
( 3)
71 Statistical discrepancy (sum of above items with sign reversed) ...........................................
–18,058
–36,084
1,653
2,713
–10,076
–14,036
–16,099
–5,279
21,881
18,187
Memoranda:
72 Balance on goods (lines 3 and 20).................................................................................................
–54,813
–62,907
–2,416
–1,569
–21,365
–19,099
–14,122
–16,934
–20,786
–26,690
73 Balance on services (lines 4 and 21) .............................................................................................
1,761
920
–292
28
4,071
4,141
–388
–356
1,433
1,077
74 Balance on goods and services (lines 2 and 19) ...........................................................................
–53,052
–61,987
–2,708
–1,541
–17,294
–14,958
–14,510
–17,290
–19,353
–25,613
75 Balance on income (lines 12 and 29) .............................................................................................
–9,767
–10,239
432
351
–8,661
–7,595
–392
748
1,674
2,100
76 Unilateral current transfers, net (line 35) ........................................................................................
–718
–586
–888
–707
–270
–198
–4,038
–2,106
–3,670
–2,018
77 Balance on current account (lines 1, 18, and 35 or lines 74, 75, and 76) ......................................
–63,537
–72,812
–3,165
–1,897
–26,224
–22,751
–18,939
–18,648
–21,349
–25,530
p Preliminary
r Revised
(*) Transactions are less than $500,000 (+/–)
1. Details not shown separately; see totals in lines 56 and 63.

2. Details not shown separately are included in line 69.

3. Estimates of financial derivatives for Mexico are included in Latin America and Other Western Hemisphere; and for

China and India, in Asia and Pacific. Estimates for the Middle East are combined with estimates for Asia and Pacific.

December 2008

SURVEY OF CURRENT BUSINESS

D–63

Table F.4. Private Services Transactions
[Millions of dollars]
Not seasonally adjusted
Line

2007

Seasonally adjusted

2007
I

II

2008
III

IV

I

r

2007
II

p

I

II

2008
III

IV

I

r

II

p

1 Exports of private services ................................................................................. 479,980 108,560 115,171 128,718 127,532 126,156 132,474 110,193 116,176 125,188 128,423 129,163 133,665
2 Travel (table F.2, line 6)....................................................................................... 96,712 19,658 24,387 29,159 23,508 24,152 29,281 21,818 23,154 25,241 26,499 27,060 28,243
3 Passenger fares (table F.2, line 7) ...................................................................... 25,586
5,529
5,848
6,868
7,340
7,077
7,950
5,800
5,996
6,530
7,259
7,623
7,904
4 Other transportation (table F.2, line 8)................................................................ 51,586 11,873 12,575 13,018 14,120 14,277 15,461 12,076 12,639 13,081 13,790 14,632 15,577
5
Freight ............................................................................................................ 19,596
4,412
4,895
4,951
5,338
5,370
5,650
4,520
4,848
4,964
5,264
5,499
5,593
6
Port services .................................................................................................. 31,990
7,461
7,680
8,067
8,782
8,907
9,811
7,556
7,791
8,117
8,526
9,133
9,985
7 Royalties and license fees (table F.2, line 9) ...................................................... 82,614 18,490 19,683 21,588 22,853 20,916 22,078 18,991 19,866 21,940 21,817 21,559 22,264
By type: 1
8,611
8,789 10,177
9,864
9,373
9,609
8,611
8,789 10,177
9,864
9,373
9,609
8
Industrial processes 2 ................................................................................ 37,441
9
Other 3 ....................................................................................................... 45,172
9,879 10,894 11,411 12,989 11,543 12,468 10,380 11,077 11,763 11,953 12,186 12,654
By affiliation:
10
U.S. parents’ receipts from their foreign affiliates....................................... 54,726 12,157 12,993 14,354 15,223 13,771 14,531 12,506 13,080 14,537 14,603 14,222 14,600
11
U.S. affiliates’ receipts from their foreign parent groups ............................
4,154
1,062
918
1,123
1,052
914
947
1,062
918
1,123
1,052
914
947
12
U.S. receipts from unaffiliated foreigners ................................................... 23,733
5,271
5,772
6,111
6,578
6,230
6,600
5,423
5,868
6,280
6,162
6,422
6,717
13 Other private services (table F.2, line 10)........................................................... 223,483 53,010 52,679 58,084 59,710 59,735 57,704 51,508 54,521 58,396 59,058 58,289 59,677
By type: 1
14
Education ................................................................................................... 15,732
6,453
1,923
4,386
2,970
6,865
2,038
3,848
3,897
3,962
4,025
4,090
4,146
15
Financial services ...................................................................................... 58,266 12,870 13,996 15,567 15,833 15,398 15,874 12,870 13,996 15,567 15,833 15,398 15,874
16
Insurance services ..................................................................................... 10,286
2,351
2,554
2,676
2,706
2,575
2,608
2,351
2,554
2,676
2,706
2,575
2,608
17
Telecommunications...................................................................................
8,283
1,967
2,079
2,128
2,109
2,179
2,255
1,967
2,079
2,128
2,109
2,179
2,255
18
Business, professional, and technical services.......................................... 107,675 24,129 26,647 27,260 29,639 26,678 28,542 25,231 26,515 27,996 27,932 28,008 28,407
19
Other services 4 ......................................................................................... 23,241
5,241
5,479
6,067
6,453
6,040
6,386
5,241
5,479
6,067
6,453
6,040
6,386
By affiliation:
20
U.S. parents’ receipts from their foreign affiliates....................................... 49,238 10,843 12,453 12,515 13,428 12,532 13,476 11,226 12,232 12,804 12,976 12,984 13,124
21
U.S. affiliates’ receipts from their foreign parent groups ............................ 24,052
5,802
6,112
5,626
6,512
5,500
5,863
5,985
6,140
6,031
5,897
5,754
6,015
22
U.S. receipts from unaffiliated foreigners ................................................... 150,193 36,365 34,113 39,944 39,770 41,702 38,366 34,297 36,149 39,561 40,185 39,551 40,538
23 Imports of private services ................................................................................. 341,126 77,695 87,298 90,532 85,602 84,751 95,230 82,367 84,292 87,087 87,380 90,059 91,793
24 Travel (table F.2, line 23)..................................................................................... 76,167 15,837 21,390 21,916 17,024 17,410 23,396 18,538 18,849 19,247 19,533 20,403 20,560
25 Passenger fares (table F.2, line 24) .................................................................... 28,486
6,158
7,588
7,841
6,899
7,277
8,832
6,721
6,979
7,422
7,364
7,928
8,133
26 Other transportation (table F.2, line 25).............................................................. 67,050 15,570 16,903 17,476 17,101 17,192 18,769 16,022 16,767 17,119 17,142 17,869 18,560
27
Freight ............................................................................................................ 45,576 10,798 11,626 11,848 11,304 11,061 11,645 11,059 11,547 11,656 11,314 11,484 11,521
28
Port services .................................................................................................. 21,474
4,772
5,277
5,628
5,797
6,131
7,123
4,963
5,220
5,463
5,828
6,385
7,038
6,386
6,011
6,004
6,646
6,428
6,524
6,643
6,260
6,155
5,991
6,663
6,809
29 Royalties and license fees (table F.2, line 26) .................................................... 25,048
By type: 1
30
Industrial processes 2 ................................................................................ 18,093
4,694
4,405
4,348
4,646
4,676
4,735
4,887
4,590
4,460
4,156
4,854
4,951
31
Other 3 .......................................................................................................
6,955
1,691
1,607
1,656
2,001
1,753
1,789
1,756
1,669
1,694
1,836
1,809
1,858
By affiliation:
32
U.S. parents’ payments to their foreign affiliates ........................................
2,233
553
528
636
515
546
553
553
528
636
515
546
553
33
U.S. affiliates’ payments to their foreign parent groups.............................. 17,420
4,499
4,168
4,017
4,736
4,459
4,513
4,756
4,416
4,167
4,081
4,693
4,798
34
U.S. payments to unaffiliated foreigners.....................................................
5,396
1,334
1,315
1,351
1,396
1,423
1,457
1,334
1,315
1,351
1,396
1,423
1,457
35 Other private services (table F.2, line 27)........................................................... 144,375 33,744 35,406 37,294 37,931 36,444 37,709 34,444 35,437 37,145 37,350 37,196 37,732
By type: 1
36
Education ...................................................................................................
4,523
866
1,156
1,523
978
883
1,180
1,119
1,135
1,140
1,129
1,145
1,156
37
Financial services ...................................................................................... 18,928
4,430
4,798
4,727
4,973
4,847
4,917
4,430
4,798
4,727
4,973
4,847
4,917
38
Insurance services ..................................................................................... 42,761 10,426 10,172 11,113 11,050 11,187 11,281 10,426 10,172 11,113 11,050 11,187 11,281
39
Telecommunications...................................................................................
7,334
1,667
1,912
1,908
1,847
1,779
1,816
1,667
1,912
1,908
1,847
1,779
1,816
40
Business, professional, and technical services.......................................... 68,763 15,895 16,855 17,460 18,553 17,133 17,920 16,342 16,907 17,694 17,820 17,623 17,967
41
Other services 4 .........................................................................................
2,065
459
514
562
530
615
595
459
514
562
530
615
595
By affiliation:
42
U.S. parents’ payments to their foreign affiliates ........................................ 36,545
8,273
8,804
9,302 10,166
9,100
9,588
8,720
8,856
9,536
9,434
9,591
9,635
43
U.S. affiliates’ payments to their foreign parent groups.............................. 20,518
4,927
5,327
5,046
5,218
4,445
4,530
4,927
5,327
5,046
5,218
4,445
4,530
44
U.S. payments to unaffiliated foreigners..................................................... 87,312 20,544 21,275 22,945 22,547 22,899 23,591 20,797 21,254 22,562 22,698 23,160 23,567
Supplemental detail on insurance transactions:
4,879
5,226
5,532
5,314
4,681
4,741
4,879
5,226
5,532
5,314
4,681
4,741
45 Premiums received 5 .............................................................................................. 20,951
46 Actual losses paid .................................................................................................. 11,619
2,706
2,856
2,988
3,069
3,097
3,094
2,706
2,856
2,988
3,069
3,097
3,094
47 Premiums paid 5 .................................................................................................... 74,848 18,596 17,704 19,454 19,093 19,094 18,898 18,596 17,704 19,454 19,093 19,094 18,898
48 Actual losses recovered ......................................................................................... 30,430
7,642
7,595
7,577
7,616
7,713
7,844
7,642
7,595
7,577
7,616
7,713
7,844
Memoranda:
49 Balance on goods (table F.2, line 72) ..................................................................... –819,373 –186,708 –202,296 –215,588 –214,780 –191,666 –214,988 –203,363 –205,887 –201,204 –208,919 –211,032 –216,328
50 Balance on private services (line 1 minus line 25) ................................................. 138,854 30,865 27,873 38,186 41,930 41,405 37,244 27,825 31,884 38,101 41,043 39,104 41,872
51 Balance on goods and private services (lines 53 and 54)...................................... –680,519 –155,843 –174,423 –177,402 –172,850 –150,261 –177,744 –175,538 –174,004 –163,103 –167,876 –171,928 –174,457
p Preliminary
r Revised
1. Royalties and license fees and “other private services” by detailed type of service include both affiliated and unaffiliated transactions.
2. Includes royalties, license fees, and other fees associated with intangible assets, including patents, trade secrets,
and other proprietary rights, that are used in connection with the production of goods.

3. Includes royalties, license fees, and other fees associated with copyrights, trademarks, franchises, rights to broadcast live events, software licensing fees, and other intellectual property rights.
4. Other services receipts (exports) include mainly film and television tape rentals and expenditures of foreign resi­
dents temporarily working in the United States. Payments (imports) include mainly expenditures of U.S. residents tempo­
rarily working abroad and film and television tape rentals.
5. These reflect the amount of premiums explicitly charged by, or paid to, insurers and reinsurers.