Table 34.

Sources of Irrigation Information Used to Reduce Irrigation Costs or Conserve Water: 1994 and 1988
Total Extension agents or university specialist Soil conservation service or other government agencies Irrigation equipment dealers Irrigation district or water supplier
(Excludes irrigation data for Alaska, Hawaii, and abnormal and horticultural specialty farms)
Geographic and water resources areas Farms Acres irrigated Farms Acres irrigated Farms Acres irrigated Farms Acres irrigated Farms Acres irrigated
Conterminous United States.. 1994. 1988. 27 leading irrigation States.. 1994. 1988. 17 Western States. 1994. 1988. All other States. 1994. 1988. (NA) 707 (NA) (NA) 290 (NA) (NA) 031 (NA) (NA) 210 (NA) (NA) 045 (NA)

(NA) (NA) (NA)

562 (NA) 319 (NA) (NA)

764 (NA) 315 (NA) (NA)

834 (NA) 712 (NA) (NA)

681 (NA) 079 (NA) (NA)

(NA) (NA) 31 (NA)

159 (NA) 202 (NA) (NA)

1994 DATA
Arizona.. Arkansas... California... Colorado... Florida.. Georgia.. Idaho.. Illinois... Kansas.. Louisiana.. Michigan... Minnesota.. Mississippi.. Missouri.. Montana.. Nebraska.. Nevada.. New Mexico. North Dakota.. Oklahoma.. Oregon.. South Dakota.. Texas... Utah.. Washington. Wisconsin.. Wyoming.. Water resources areas: WRA 01 New England.. WRA 02 Mid-Atlantic. WRA 03 South AtlanticGulf.. WRA 04 Great Lakes. WRA 05 Ohio. WRA 06 Tennessee.. WRA 07 Upper Mississippi.. WRA 08 Lower Mississippi.. WRA 09 Souris-RedRainy... WRA 10 Missouri.. WRA 11 Arkansas-WhiteRed.. WRA 12 Texas-Gulf. WRA 13 Rio Grande.. WRA 14 Upper Colorado.. WRA 15 Lower Colorado.. WRA 16 Great Basin. WRA 17 Pacific Northwest.. WRA 18 California.. 351 (D) 241

595 975

479 338

606 653

316 016

(D) 199 569

12 138

391 719

11 247

872 096

(D) (D) 253

43 610

18 633

556 984

633 398

14 211

945 223

951 506

1992 CENSUS OF AGRICULTURE
FARM AND RANCH IRRIGATION SURVEY (1994)
Sources of Irrigation Information Used to Reduce Irrigation Costs or Conserve Water: 1994 and 1988Con.
Private irrigation specialists or consultants Media reports Neighboring farmers Other
Geographic and water resources areas Farms Acres irrigated Farms Acres irrigated Farms Acres irrigated Farms Acres irrigated
Conterminous United States.. 1994. 1988. 27 leading irrigation States.. 1994. 1988. 17 Western States. 1994. 1988. All other States. 1994. 1988. (NA) 369 (NA) (NA) 528 (NA) (NA) 177 (NA) (NA) 545 (NA)

(NA) (NA) 483 (NA)

731 (NA) 978 (NA) (NA)

280 (NA) 356 (NA) (NA)

213 (NA) 532 (NA) (NA)

(NA) (NA) 493 (NA)

263 (NA) 956 (NA) (NA)
Arizona.. Arkansas... California... Colorado... Florida.. Georgia.. Idaho.. Illinois... Kansas.. Louisiana.. Michigan... Minnesota.. Mississippi.. Missouri.. Montana.. Nebraska.. Nevada.. New Mexico. North Dakota.. Oklahoma.. Oregon.. South Dakota.. Texas... Utah.. Washington. Wisconsin.. Wyoming.. Water resources areas: WRA 01 New England.. WRA 02 Mid-Atlantic. WRA 03 South AtlanticGulf.. WRA 04 Great Lakes. WRA 05 Ohio. WRA 06 Tennessee.. WRA 07 Upper Mississippi.. WRA 08 Lower Mississippi.. WRA 09 Souris-RedRainy... WRA 10 Missouri.. WRA 11 Arkansas-WhiteRed.. WRA 12 Texas-Gulf. WRA 13 Rio Grande.. WRA 14 Upper Colorado.. WRA 15 Lower Colorado.. WRA 16 Great Basin. WRA 17 Pacific Northwest.. WRA 18 California.. 138 357

104 097

190 370

561 262

202 117

13 401

397 880

111 497

581 502

302 632

826 516

October 2001

U.S. International Transactions, Second Quarter 2001

By Douglas B. Weinberg

HE U.S. current-account deficitthe combined balances on trade in goods and services, income, and net unilateral current transfersdecreased to $106.5 billion in the second quarter of 2001 from $111.8 billion (revised) in the first quarter (table A).1 The decrease was more than accounted for by a decrease in the deficit on goods, as imports decreased more sharply than exports, and by an increase in the surplus on services, as receipts increased and payments decreased. The deficit on income and net outflows for unilateral current transfers both increased. In the financial account, net recorded financial inflowsnet acquisitions by foreign residents of assets in the United States less net acquisitions by U.S. residents of assets abroadwere $124.7 billion in the second quarter, up from $103.5 billion (revised) in the first. Financial inflows for foreignowned assets in the United States decreased less
1. Quarterly estimates of U.S. current- and financial-account components are seasonally adjusted when series demonstrate statistically significant patterns. The accompanying tables present both adjusted and unadjusted estimates.
than financial outflows for U.S.-owned assets abroad. The statistical discrepancyerrors and omissions in recorded transactionswas a negative $18.4 billion in the second quarter and a positive $8.1 billion in the first. The following are highlights for the second quarter of 2001: Slowing economic activity in the United States and in most foreign countries contributed to sharp decreases in exports and imports of goods and in receipts and payments of income. Net foreign purchases of U.S. securities other than U.S. Treasury securities remained strong, but they decreased from the record high in the first quarter. Net U.S. purchases of foreign securities were the highest since the second quarter of 1999, reflecting an increase in exchanges of stock related to foreign acquisitions of U.S. companies. U.S. claims and U.S. liabilities reported by U.S. banks and by U.S. nonbanking concerns
Table A.Summary of U.S.International Transactions
[Millions of dollars, quarters seasonally adjusted]
Lines in tables 1 and 10 in which transactions are included are indicated in ( ) (Credits +; debits )

Current account

2000 I II III IV Ir

2001 IIp

Change: 2001 III
1 Exports of goods and services and income receipts (1)... 2 Goods, balance of payments basis (3)... 3 Services (4)..... 4 Income receipts (12)....
1,242,655 1,418,568 684,553 772,210 272,800 293,492 285,302 352,866
339,645 185,142 72,114 82,389 432,624 292,547 52,031 88,046 11,924
355,075 191,558 74,264 89,253 450,748 303,229 53,377 94,142 12,461
361,236 199,273 73,224 88,739 463,461 313,884 55,953 93,624 13,080
362,617 196,237 73,894 92,486 462,268 314,757 55,667 91,844 16,673
354,624 194,942 74,150 85,532 454,668 307,462 56,653 90,553 11,734
338,335 185,838 74,669 77,828 432,766 293,639 55,806 83,321 12,067
16,289 9,7,704 21,902 13,7,232 333
5 Imports of goods and services and income payments (18)... 1,518,106 1,809,Goods, balance of payments basis (20)... 1,029,987 1,224,Services (21)..... 189,204 217,Income payments (29).... 298,915 367,Unilateral current transfers, net (35).... Capital account 10 Capital account transactions, net (39).... Financial account 11 U.S.-owned assets abroad, net (increase/financial outflow (-)) (40).. 12 U.S. official reserve assets, net (41).... 13 U.S. Government assets, other than official reserve assets, net (46)... 14 U.S. private assets, net (50).... 15 Foreign-owned assets in the United States,net (increase/financial inflow (+)) (55).. 16 Foreign official assets in the United States, net (56)... 17 Other foreign assets in the United States, net (63)... 18 Statistical discrepancy (sum of above items with sign reversed) (70).. Memoranda: 19 Balance on current account (76).... 20 Net financial flows (40 and 55)....
r Revised. p Preliminary.

48,913

54,136
437,067 8,747 2,751 448,565

580,944 579,718

198,127 197,424 256,782 22,498 234,284 46,053 104,903 58,677
93,573 2,95,021 250,007 6,447 243,560 48,473 108,134 156,434
107,114 107,495 222,108 12,247 209,115,305 114,381
181,548 1,179,779 295,321 3,573 298,894 2,367 116,324 113,773
243,21 243,331 346,660 4,898 341,762 8,065 111,778 103,540
63,322 1,61,218 188,002 22,430 210,432 18,359 106,498 124,680
179,798 1,182,113 158,658 27,328 131,330 26,424 5,280 21,140
813,744 1,024,218 43,551 37,619 770,193 986,599 48,822 324,364 376,444,667 443,266
Revisions to the Estimates for the First Quarter of 2001

U.S. Bureau of Economic Analysis
financing operations was reduced further, in two steps, to 3.75 percent.) Indications that inflationary pressures might not be receding contributed to depreciation of the euro. Economic conditions in Japan failed to improve, as reports showed that economic output changed little in the first quarter and that Japanese exports and domestic investment were weakening in the second quarter. The Bank of Japan downgraded its assessment of the condition of the Japanese economy, and monetary authorities maintained operations that kept the call rate close to zero. The election in April of a new Japanese Prime Minister who promised structural reform and fiscal restraint had little lasting impact on the value of the yen. Against other currencies, the U.S. dollar appreciated 3 percent against the British pound, 5 percent against the Swiss franc, 1 percent against the Canadian dollar, and 13 percent against the Brazilian real. In contrast, the U.S. dollar depreciated 5 percent against the Mexican peso.

Data Availability

The current and historical estimates that are presented in tables 110a of the U.S. international transactions accounts are available as compressed files on BEAs Web site at <www.bea.doc.gov>; click on Catalog of Products, and look under International Accounts Products, Balance of Payments. The estimates are also available from BEA on the following diskettes: U.S. International Transactions. The most recently released annual and quarterly estimates are available as a 1-year subscription (four installments)product number IDS0001, price $80.00. The subscription also includes the diskette of the historical series estimates (see below). U.S. International Transactions, Second Quarter 2001. Annual estimates for 2000 and quarterly estimates for 2000:I2001:II on a single disketteproduct number IDN0286, price $20.00. U.S. International Transactions, Historical Series. All the available historical annual and quarterly estimates on a single disketteproduct number IDN0282, price $20.00. To order, call the BEA Order Desk at 18007040415 (outside the United States, call 2026069666).

Current Account

Goods and services The deficit on goods and services decreased to $88.9 billion in the second quarter from $95.0 billion in the first. The deficit on goods decreased, and the surplus on services increased. Goods.The deficit on goods decreased $4.7 billion, to $107.8 billion, in the second quarter. Since a record high in the fourth quarter of 2000, the goods deficit has narrowed $10.7 billion. In the second quarter, exports and imports both decreased much more sharply than in the first quarter, and imports decreased more in value than exports.

Exports... 199,273 185,838 13,435 By principal end-use category: Foods, feeds, and beverages.. Industrial supplies and materials.. Capital goods, except automotive. Capital goods, except civilian aircraft. Civilian aircraft, engines, and parts.. Automotive vehicles, engines, and parts.. Consumer goods (nonfood), except automotive Exports, n.e.c.. By areas and countries: Western Europe.. Canada... Japan... Latin America... Asia, excluding Japan.. All other areas and countries.. 43,807 43,524 16,521 42,881 42,060 10,480 45,200 44,083 14,497 37,215 34,437 10,406 1,2,024 5,666 7,12,227 43,922 93,630 81,356 12,274 20,161 23,104 6,229 12,41,352 2,570 83,245 10,385 69,466 11,890 13,779 1,505 19,080 1,081 23,6,737 508
Imports... 313,884 293,639 20,245 By principal end-use category: Foods, feeds, and beverages.. Industrial supplies and materials.. Petroleum and products.. Industrial supplies and materials, except petroleum.. Capital goods, except automotive. Capital goods, except civilian aircraft. Civilian aircraft, engines, and parts.. Automotive vehicles, engines, and parts.. Consumer goods (nonfood), except automotive Imports, n.e.c., and U.S. goods returned. By areas and countries: Western Europe.. Canada... Japan... Latin America... Asia, excluding Japan.. All other areas and countries..

p Preliminary.

11,713 78,190 31,982 46,208 89,655 82,985 6,670 49,594 71,596 13,136

11,435 74,580 28,624

278 3,610 3,358
45,74,920 14,735 67,215 15,770 7,705 1,035 47,858 1,736 71,13,186 50
59,588 56,025 36,103 51,397 94,524 16,247
62,906 3,318 59,545 3,520 31,410 4,693 48,709 2,688 76,500 18,024 14,569 1,678
n.e.c. Not elsewhere classifed.
Table C.U.S. Trade in Goods, Current and Chained (1996) Dollars, and Percent Changes from Previous Period
[Balance of payments basis, millions of dollars, quarters seasonally adjusted]
Current dollars 2000 1999
Exports... Agricultural products. Nonagricultural products.. 684,553 49,661 634,892
Chained (1996) dollars1999r 2000r Ir
736,609 63,200 673,008 821,683 68,496 752,660 197,590 16,693 180,922 311,884 20,394 290,894

2000 IIp IIr

203,785 16,616 186,996 322,241 22,209 299,188

2001 IIIr IVr

208,541 17,159 190,959 329,934 21,481 308,265

2000 I

772,210 52,808 719,402 185,142 12,904 172,238 292,547 26,961 265,586
191,558 12,977 178,581 303,229 29,472 273,757
199,273 13,629 185,644 313,884 31,982 281,902
196,237 13,298 182,939 314,757 31,770 282,987
194,942 13,606 181,336 307,462 29,306 278,156
207,165 17,488 189,682 325,701 22,824 301,688
198,333 17,481 180,879 316,421 23,121 291,867

185,838 13,460 172,378

1. Capital goods, except automotive and civilian aircraft U.S. Bureau of Economic Analysis
After rising strongly in 1999 and part of 2000, imports have slowed sharply in recent quarters, largely as a result of the deceleration in U.S. economic growth (chart 3). Since the third quarter of 2000, imports have decreased $20.2 billion, or 6 percent (table D). Mirroring developments in exports, capital goods (except civilian aircraft) accounted for the bulk of the decrease in total imports in recent quarters. Initially, the declines in capital goods were mostly from the newly industrialized countries in Asia (whose production and trade patterns are heavily concentrated in capital goods), from Mexico, and from Japan. By the second quarter of 2001, the declines from most of those countries were more pronounced, and they were augmented by substantial declines from other major import sources. In the second quarter, capital goods (except civilian aircraft) decreased a record $11.4 billion, or 15 percent, and accounted for 83 percent of the decrease in total imports. Two-thirds of the decrease in capital goods was accounted for by declines in computers, peripherals and parts, in semiconductors, and in telecommunications equipment, largely from Japan and other Asian countries. Strong capital investment spending, especially for high-tech products, by U.S. businesses in 1999 and the first half of 2000 led to large increases in productive capacity. Since then, capital investment spending and demand for imported capital goods have progressively weakened, as U.S. businesses cut production in response to weakening demand for their products. Nonpetroleum industrial supplies and materials fell $1.9 billion, or 4 percent. Nearly all commodities decreased, but nonferrous metals and chemicals declined the most. Consumer goods declined $1.3 billion, or 2 percent. In the last two quarters, the decreases in imports of consumer goods were small relative to the decreases in imports of capital goods. This pattern mirrors the contrast between the modest slowdown in U.S. consumer spending and the sharp reduction in U.S. domestic investment. Automotive vehicles, engines, and parts increased $1.1 billion, or 2 percent. As with exports, the increase was more than accounted for by a jump in imports from Canada. Petroleum imports decreased $0.7 billion, or 2 percent. Since reaching a record high in the third quarter of 2000, petroleum imports have declined $3.4 billion, or 10 percent, largely as a result of falling petroleum prices (chart 4). In the second quarter, the average number of barrels imported daily

foreigners reported by banks and by nonbanks after exceptionally strong first-quarter increases and by a slowdown in net outflows for U.S. direct investment abroad. In contrast, net U.S. purchases of foreign securities picked up. U.S. official reserve assets.Net U.S. official reserve assets increased $1.3 billion in the second quarter, in contrast to a decrease of $0.2 billion in the first (table E). The second-quarter increase was largely accounted for by an increase in the U.S. reserve position in the International Monetary Fund (IMF), reflecting net lending of U.S. dollars to foreign countries by the IMF. Claims reported by banks and by nonbanks.U.S. claims on foreigners reported by U.S. banks decreased $9.2 billion in the second quarter, in contrast to an increase of $109.8 billion in the first. Banks own claims increased much less in the second quarter than in the first, and banks domestic customers claims decreased in the second quarter after increasing in the first. Banks own claims payable in dollars increased $6.3 billion, following an increase of $83.3 billion. This falloff from the exceptionally strong lending in the past two quarters reflected the weakening of economic activity in major foreign countries and a drop in mergers and acquisitions abroad. In the second quarter, modest lending by U.S. banks to their own foreign offices was more than offset by repayments to U.S. banks by unaffiliated foreign banks. Lending by U.S. brokers and dealers was much weaker in the second quarter than in the first, reflecting a marked slowdown in lending through resale agreements. Banks domestic customers claims payable in dollars decreased $28.6 billion, in contrast to an increase of $12.1 billion. The second-quarter decrease was attributable to decreases in most types of customers claims. Dollar deposits abroad declined the most, as interest rates on dollar deposits fell for the second consecutive quarter.

[Millions of dollars]

2000 I II
6,447 14,305 1,639 9,497 2,020

Capital Account

Capital account transactions were unchanged at net inflows of $0.2 billion in the second quarter.

16 Equals: Imports of goods, adjusted to balance of payments basis, excluding military (table 1, line 20)... B Trade in goods, by area and country, adjusted to balance of payments basis, excluding military: 7 EXPORTS 1 Total, all countries (A8)... 32 Western Europe... European Union.... Belgium and Luxembourg... France... Germany 8.... Italy.... Netherlands.... United Kingdom... Other.... Western Europe, excluding EU...
772,210 185,006 193,698 193,488 200,018 193,701 188,036 185,142 191,558 199,273 196,237 194,942 185,838 178,793 162,583 14,266 20,200 28,923 10,951 21,717 40,727 25,799 16,210 44,135 39,240 3,371 4,921 7,040 2,542 5,222 10,074 6,070 4,895 44,846 40,872 3,462 4,975 7,459 2,575 5,272 10,086 7,043 3,974 42,620 39,245 3,584 4,737 6,969 3,092 5,291 9,529 6,043 3,375 47,192 43,226 3,849 5,567 7,455 2,742 5,932 11,038 6,643 3,966 47,894 43,062 3,627 5,614 8,257 2,754 5,516 10,358 6,936 4,832 45,841 40,692 3,689 5,011 7,370 2,398 4,936 11,305 5,983 5,149 44,269 39,335 3,369 4,939 7,035 2,546 5,229 10,124 6,093 4,934 44,275 40,350 3,419 4,902 7,371 2,544 5,214 9,941 6,959 3,925 43,807 40,340 3,690 4,864 7,169 3,167 5,450 9,785 6,215 3,467 46,442 42,558 3,788 5,495 7,348 2,694 5,824 10,877 6,532 3,884 48,288 43,451 3,656 5,664 8,344 2,778 5,558 10,466 6,985 4,837 45,200 40,110 3,638 4,933 7,264 2,365 4,877 11,135 5,898 5,090
178,987 45,665 46,698 42,343 44,281 42,649 44,643 45,743 46,187 43,524 43,533 42,942 44,083 Canada 2.... Japan.... 63,576 15,369 15,499 15,965 16,743 16,062 14,574 15,285 15,421 16,521 16,349 16,102 14,497 Australia, New Zealand, and South Africa 9....... Australia... 12,189 2,971 3,268 3,010 2,940 2,704 2,638 2,987 3,218 3,094 2,890 2,730 2,599 Eastern Europe.... Latin America and Other Western Hemisphere.. Brazil.... Mexico.... Venezuela.... Other.... Other countries in Asia and Africa 7 9... Asia 7 9.... Members of OPEC... China.... Hong Kong... Korea, Republic of... Singapore.... Taiwan.... Africa 7 9.... Members of OPEC... International organizations and unallocated.. Memoranda: 5,925 170,262 15,257 111,171 5,508 38,326 162,477 151,998 10,519 16,138 14,510 27,150 17,621 23,833 10,115 1,598 1,441 39,563 3,191 26,031 1,259 9,082 35,862 33,636 2,232 3,149 3,153 6,313 4,001 5,314 2,1,329 42,146 3,664 27,558 1,408 9,516 39,911 37,280 2,340 4,087 3,550 7,196 4,055 6,051 2,1,514 44,480 4,229 29,230 1,377 9,644 43,556 40,763 2,737 4,405 3,809 6,968 4,881 6,763 2,1,641 44,073 4,173 28,352 1,464 10,084 43,148 40,319 3,210 4,497 3,998 6,673 4,684 5,705 2,1,694 41,410 3,844 26,743 1,399 9,423 41,288 38,252 3,324 4,341 3,570 6,085 4,595 5,097 2,1,829 40,606 4,348 25,233 1,470 9,555 37,905 34,826 2,889 4,774 3,706 4,849 4,158 4,333 3,1,454 39,577 3,203 26,048 1,255 9,071 35,827 33,604 2,253 3,121 3,141 6,299 4,002 5,304 2,1,318 41,662 3,603 27,235 1,395 9,429 39,476 36,862 2,319 4,048 3,519 7,125 3,994 5,968 2,1,559 45,801 4,342 30,090 1,417 9,952 44,967 42,060 2,828 4,569 3,928 7,199 5,009 6,994 2,1,594 43,222 4,109 27,798 1,441 9,874 42,207 39,472 3,119 4,400 3,922 6,527 4,616 5,567 2,1,698 41,736 3,878 26,972 1,406 9,480 41,446 38,411 3,279 4,308 3,578 6,131 4,635 5,156 2,1,828 40,142 4,275 24,947 1,454 9,466 37,489 34,437 2,873 4,708 3,668 4,805 4,089 4,300 2,985 566

......

69 Industrial countries 7... 70 Of which: Euro Area 10.. 71 Members of OPEC 7... 72 Other countries 7... BALANCE (EXCESS OF EXPORTS +) 73 Total, all countries... 104 Western Europe.... European Union... Belgium and Luxembourg... France.... Germany 8... Italy... Netherlands... United Kingdom... Other... Western Europe, excluding EU... Canada 2.... Japan... Australia, New Zealand, and South Africa 9... Australia... Eastern Europe... Latin America and Other Western Hemisphere.. Brazil.... Mexico.... Venezuela... Other.... Other countries in Asia and Africa 7 9.. Asia 7 9.... Members of OPEC... China... Hong Kong.... Korea, Republic of... Singapore... Taiwan.... Africa 7 9... Members of OPEC... International organizations and unallocated.. Memoranda: 105 Industrial countries 7... 106 Of which : Euro Area 10.. 107 Members of OPEC 7... 108 Other countries 7... See the footnotes on page 92.
636,319 152,950 163,414 38,358 66,996 14,619 521,102 116,932
159,383 40,442 16,530 125,814
157,144 41,058 18,210 142,367
166,842 43,556 17,637 135,989
158,702 42,765 16,250 122,636
156,418 42,417 16,504 118,943
157,205 39,450 14,787 120,555
160,172 40,663 16,616 126,441
155,102 40,537 18,094 140,688
163,840 42,764 17,499 133,418
164,202 44,250 16,510 126,750
157,442 42,701 16,557 119,640
452,207 99,495 108,029 124,233 120,450 103,887 103,829 107,405 111,671 114,611 118,520 112,520 107,801 64,633 14,249 57,363 12,878 4,9,573 2,138 29,578 7,048 14,080 3,359 12,093 2,890 2,17,572 3,570 7,270 1,371 15,010 13,676 1,001 2,445 7,029 3,564 2,3,759 1,334 17,715 15,344 1,115 2,184 7,974 3,614 2,917 1,050 4,554 2,371 17,659 15,465 1,055 2,806 7,527 3,543 3,5,689 2,194 15,210 13,2,580 6,790 3,452 3,4,304 1,387 16,658 15,2,623 8,018 3,555 2,5,344 1,325 15,690 14,2,325 7,445 3,528 2,3,828 1,456 15,896 14,2,550 7,205 3,621 2,3,909 1,406 15,781 13,564 1,246 1,963 7,564 3,452 3,4,272 2,217 17,266 15,075 1,044 2,735 7,364 3,479 3,5,563 2,191 16,969 15,2,785 7,249 3,647 3,4,661 1,550 17,706 16,2,756 8,233 3,623 2,5,502 1,418
54,691 11,477 12,884 14,457 15,873 15,226 14,552 12,975 13,639 12,501 15,576 16,891 15,462 82,921 19,373 21,075 20,616 21,857 18,568 16,590 20,480 21,371 19,582 21,488 19,814 16,913...... 5,767 1,626 1,592 1,278 1,271 1,1,599 1,537 1,386 1,245 1,10,176 39,917 1,404 25,640 13,115 2,566 2,581 9,5,809 3,2,357 10,6,538 3,48,232 43,766 6,179 19,2,4,062 4,475 3,214 2,932 10,6,571 3,59,597 54,857 7,106 24,3,4,196 4,731 3,195 2,306 9,6,722 3,54,135 49,671 6,025 22,787 1,254 4,4,644 4,515 2,810 2,744 10,6,602 3,43,236 39,272 5,155 18,057 1,217 3,3,703 3,968 2,742 1,427 10,8,420 2,45,356 41,232 6,014 19,067 1,414 3,4,161 4,112 2,878 2,666 11,6,696 3,076 1,109 46,168 42,390 5,472 17,2,4,085 3,785 2,363 2,383 10,7,045 3,49,120 44,595 6,240 19,2,4,191 4,532 3,236 2,841 8,5,293 3,57,038 52,464 6,947 24,3,3,825 4,570 3,158 2,286 9,6,606 3,53,311 48,818 6,026 22,299 1,238 4,4,573 4,543 2,814 2,864 11,7,478 3,45,805 41,712 5,372 18,868 1,144 3,3,944 4,094 2,766 1,446 10,8,890 2,46,241 42,063 6,061 19,278 1,365 3,4,251 4,166 2,887

See the footnotes on page 92.
C Trade in goods, by principal end-use category, adjusted to balance of payments basis, excluding militaryContinued: 74 Imports of goods, balance of payments basis, excluding military (A16).. 1,224,417 284,501 301,727 317,721 320,468 297,588 291,865 292,547 303,229 313,884 314,757 307,462 293,Petroleum and products 6... Nonpetroleum products.... Foods, feeds, and beverages... Agricultural.... Coffee, cocoa, and sugar... Green coffee... Meat products and poultry... Vegetables, fruits, nuts, and preparations... Wine and related products... Other agricultural foods, feeds, and beverages.. Nonagricultural (fish, distilled beverages, etc.).. Fish and shellfish... Whiskey and other alcoholic beverages... Industrial supplies and materials.... Agricultural.... Nonagricultural products... Energy products.... Fuels and lubricants 6.... Paper and paper base stocks... Textile supplies and related materials.. Chemicals, excluding medicinals... Building materials, except metals... Other nonmetals.... Metals and nonmetallic products... Steelmaking materials... Iron and steel products... Nonferrous metals.... Nonmonetary gold... Other precious metals... Bauxite and aluminum.... Other nonferrous metals... Other metallic and nonmetallic products... Capital goods, except automotive... Machinery, except consumer-type... Electric generating machinery, electric apparatus and parts.. Nonelectric, including parts and attachments.. Oil drilling, mining, and construction machinery... Industrial engines, pumps, and compressors... Machine tools and metalworking machinery.. Measuring, testing, and control instruments.. Other industrial, agricultural, and service industry machinery. Computers, peripherals, and parts... Semiconductors... Telecommunications equipment... Other office and business machines.. Scientific, hospital, and medical equipment and parts.. Transportation equipment, except automotive... Civilian aircraft, engines, parts... Civilian aircraft, complete, all types... Automotive vehicles, engines, and parts... From Canada... Passenger cars, new and used.. Trucks, buses, and special purpose vehicles... Engines and engine parts... Other parts and accessories... From other areas.... Passenger cars, new and used.. Trucks, buses, and special purpose vehicles... Engines and engine parts... Other parts and accessories... Consumer goods (nonfood), except automotive.. Consumer nondurable goods, manufactured.. Textile apparel and household goods, except rugs.. Footwear of leather, rubber, and other materials... Consumer durable goods, manufactured... Household and kitchen appliances and other household goods.. Toys, shooting, and sporting goods, including bicycles.. Television and video receivers... Radio and stereo equipment, including records, tapes, and disks. Unmanufactured consumer goods (gemstones, nursery stock). Imports, n.e.c., and U.S. goods returned... U.S. goods returned.... Other products, including balance of payments adjustments not included above (minimum value shipments and miscellaneous imports).. 120,185 26,817 29,316 32,134 31,918 28,964 28,545 26,961 29,472 31,982 31,770 29,306 28,624 1,104,232 257,684 272,411 285,587 288,550 268,624 263,320 265,586 273,757 281,902 282,987 278,156 265,015 45,974 32,773 3,258 2,350 5,309 9,191 4,500 10,517 13,201 9,909 2,947 302,911 5,611 297,300 138,397 135,677 13,725 11,242 34,449 21,801 17,914 59,772 3,098 20,908 26,687 5,877 6,643 6,981 7,186 9,079 346,663 317,198 39,748 277,450 7,210 10,061 8,549 9,533 50,923 89,762 48,355 31,927 6,134 14,996 29,465 26,376 12,404 195,858 63,946 33,931 12,154 4,217 13,644 131,912 75,266 6,487 10,818 39,341 281,581 130,435 63,279 11,376 136,311 56,361 21,730 21,044 11,187 14,835 51,430 31,858 19,572 11,080 8,407 1,1,249 2,2,460 2,673 1,71,216 1,458 69,758 29,831 29,520 3,292 2,789 8,634 5,418 4,259 15,5,126 7,516 2,394 1,576 1,803 1,743 2,096 78,492 71,874 8,976 62,898 1,839 2,523 2,002 2,186 12,212 19,893 10,775 6,584 1,568 3,316 6,618 5,816 2,322 49,894 17,841 9,539 3,509 1,150 3,643 32,053 17,356 1,937 2,733 10,027 61,484 29,198 14,319 2,875 28,486 12,140 4,168 4,030 2,247 3,800 12,335 7,783 4,552 11,536 8,680 1,378 2,450 1,181 2,621 3,020 2,74,778 1,460 73,318 32,911 32,334 3,380 3,010 8,734 5,910 4,570 14,5,686 5,1,428 1,876 1,852 2,325 85,986 78,912 9,914 68,998 2,056 2,570 2,247 2,304 13,264 21,710 11,605 8,129 1,538 3,575 7,074 6,294 2,911 49,688 16,643 8,628 3,106 1,256 3,653 33,045 18,492 1,776 2,738 10,039 67,074 31,252 14,663 2,795 32,276 13,861 4,460 4,736 2,792 3,546 12,665 7,739 4,926 11,437 7,500 1,297 1,829 1,185 2,682 3,698 2,78,436 1,236 77,200 37,155 36,164 3,589 2,790 8,675 5,491 4,573 14,5,494 6,268 1,058 1,670 1,843 1,697 2,365 90,357 82,929 10,338 72,591 1,716 2,458 2,053 2,459 12,564 24,352 13,316 8,166 1,517 3,990 7,428 6,662 3,204 46,292 13,960 7,058 2,3,180 32,332 18,467 1,524 2,704 9,637 78,019 37,237 18,995 3,127 36,901 15,518 6,013 5,899 3,131 3,881 13,180 8,196 4,984 11,921 8,363 1,385 2,257 1,180 2,754 3,810 2,78,481 1,457 77,024 38,500 37,659 3,464 2,653 8,406 4,982 4,512 14,4,602 7,007 1,685 1,969 1,459 1,894 2,293 91,828 83,483 10,520 72,963 1,599 2,510 2,247 2,584 12,883 23,807 12,659 9,048 1,511 4,115 8,345 7,604 3,967 49,984 15,502 8,706 2,3,168 34,482 20,951 1,250 2,643 9,638 75,004 32,748 15,302 2,579 38,648 14,842 7,089 6,379 3,017 3,608 13,250 8,140 5,110 11,186 8,378 1,481 2,771 1,016 2,420 2,846 2,76,764 1,359 75,405 35,909 34,971 3,376 2,640 9,959 4,644 4,286 14,4,165 7,589 1,531 2,601 1,677 1,780 2,282 82,662 74,097 9,557 64,540 1,757 2,766 2,199 2,462 12,776 19,756 10,547 7,074 1,391 3,812 8,565 7,753 3,703 47,253 14,843 8,149 2,3,134 32,410 19,310 1,286 2,587 9,227 67,248 32,989 15,620 3,119 30,806 13,380 4,531 4,579 1,952 3,453 12,475 7,744 4,731 11,506 8,381 1,537 2,468 1,245 2,659 3,085 2,75,217 1,348 73,869 35,434 34,399 3,109 2,735 8,841 5,839 4,401 13,4,247 6,468 1,622 1,530 1,594 1,722 2,178 74,796 66,370 8,693 57,677 1,952 2,607 1,905 2,347 12,070 18,250 7,590 6,049 1,221 3,686 8,426 7,766 3,542 48,639 15,849 8,521 2,3,407 32,790 18,439 1,999 2,640 9,712 68,500 33,037 14,709 2,883 32,076 14,181 4,679 5,008 2,231 3,387 13,207 8,384 4,823 11,222 8,666 1,247 2,216 1,122 2,633 3,086 2,71,645 1,392 70,253 30,014 29,607 3,303 2,832 8,078 5,757 4,387 15,5,444 7,467 2,394 1,517 1,798 1,758 2,108 81,401 74,784 9,300 65,484 1,782 2,477 2,016 2,204 12,205 21,405 11,140 7,196 1,583 3,476 6,617 5,814 2,322 49,016 16,881 8,894 3,338 1,104 3,545 32,135 17,625 1,937 2,682 9,891 66,727 30,471 15,172 2,863 32,622 13,375 5,248 4,957 2,780 3,634 12,536 7,850 4,686 11,460 8,660 1,330 2,269 1,124 2,662 3,208 2,73,818 1,388 72,430 33,301 32,705 3,416 2,867 8,497 5,587 4,497 14,5,440 5,1,413 1,734 1,854 2,248 86,270 79,254 9,981 69,273 1,878 2,512 2,166 2,316 12,822 22,575 11,775 8,013 1,580 3,636 7,016 6,236 2,911 48,992 16,081 8,386 3,052 1,164 3,479 32,911 18,513 1,770 2,710 9,918 70,062 32,528 15,940 2,845 33,743 13,945 5,133 5,084 2,883 3,791 12,627 7,758 4,869 11,713 8,580 1,351 2,301 1,139 2,615 3,465 2,78,190 1,305 76,885 37,049 36,252 3,558 2,793 8,992 5,253 4,491 14,5,287 6,301 1,058 1,688 1,878 1,677 2,373 89,655 82,219 10,174 72,045 1,803 2,537 2,125 2,470 12,967 23,389 13,179 8,102 1,520 3,953 7,436 6,670 3,204 49,594 15,893 8,372 3,044 1,032 3,445 33,701 19,372 1,541 2,814 9,974 71,596 33,512 15,991 2,862 34,374 14,412 5,411 5,235 2,756 3,710 13,136 8,150 4,986 11,579 8,444 1,381 2,405 1,115 2,607 3,442 2,79,258 1,526 77,732 38,033 37,113 3,448 2,750 8,882 5,204 4,539 14,4,737 7,178 1,685 2,025 1,571 1,897 2,350 89,337 80,941 10,293 70,648 1,747 2,535 2,242 2,543 12,929 22,393 12,261 8,616 1,451 3,931 8,396 7,656 3,967 48,256 15,091 8,279 2,3,175 33,165 19,756 1,239 2,612 9,558 73,196 33,924 16,176 2,806 35,572 14,629 5,938 5,768 2,768 3,700 13,131 8,100 5,031 11,463 8,304 1,481 2,337 1,200 2,604 3,290 2,77,200 1,298 75,902 36,221 35,052 3,395 2,691 9,323 4,979 4,443 14,4,387 7,545 1,531 2,549 1,673 1,792 2,314 86,412 77,838 9,964 67,874 1,720 2,750 2,216 2,501 12,907 21,418 11,075 7,832 1,408 4,047 8,574 7,762 3,703 46,736 14,022 7,559 2,3,069 32,714 19,706 1,284 2,565 9,159 72,973 34,438 16,574 3,119 35,222 14,843 5,679 5,603 2,417 3,313 12,678 7,753 4,925 11,435 8,368 1,484 2,286 1,187 2,711 3,269 2,74,580 1,289 73,291 35,992 34,895 3,135 2,610 8,610 5,513 4,335 13,4,068 6,348 1,622 1,524 1,471 1,731 2,107 74,920 66,555 8,733 57,822 1,791 2,550 1,836 2,363 11,686 18,970 7,711 5,902 1,258 3,755 8,365 7,705 3,542 47,858 15,264 8,244 2,3,228 32,594 18,429 1,979 2,610 9,576 71,660 34,454 16,071 2,948 33,591 14,264 5,370 5,364 2,307 3,615 13,186 8,433 4,753

22,051

16,850 2,916 3,237 3,652 7,044 2,426 2,502 16,821 2,912 3,232 3,634 7,043 2,418 2,498 7,205 1,1,248 4,355 Other grants...... 9,616 1,886 2,514 2,386 2,830 2,093 2,143 Cash contributions received from coalition partners for Persian Gulf operations...... Debt forgiveness (table 1, part of line 39, with sign reversed)..... 4
Credits and other long-term assets (table 1, line 47, with sign reversed).... 5,177 1,750 1,368 1,050 1,009 1,094 1,314 Capital subscriptions and contributions to international financial institutions, excluding IMF... 1,498 Credits repayable in U.S. dollars...... 3,679 1,Credits repayable in other than U.S. dollars...... 2 2... Other long-term assets........ Foreign currency holdings and short-term assets, net (table 1, line 49 with sign reversed).... Foreign currency holdings (excluding administrative cash holdings), net.... Receipts from: Sales of agricultural commodities...... Interest....... Repayments of principal...... Reverse grants....... Other sources...... Less currencies disbursed for: Grants and credits in the recipient's currency...... Other grants and credits...... Other U.S. Government expenditures..... Assets acquired in performance of U.S. Government guarantee and insurance obligations, net... Other assets held under Commodity Credit Corporation Charter Act, net.... Assets financing military sales contracts, net 2..... Other short-term assets (including changes in administrative cash holdings), net.... By program 1... (*)... (*)... 5 (*). 4
... (*) (*) (*) (*) (*) 6 4. 1..... (*). 37
.... 1.. 13 (*) (*) (*) (*) (*)... 113
Capital subscriptions and contributions to international financial institutions, excluding IMF.... Under Agricultural Trade Development and Assistance Act and related programs.... Under Foreign Assistance Act and related programs..... Under Export-Import Bank Act....... Under Commodity Credit Corporation Charter Act..... Under other grant and credit programs...... Other foreign currency assets acquired (lines A16, A17, and A19)..... Less foreign currencies used by U.S. Government other than for grants or credits (line A22)... Other (including changes in administrative cash holdings), net.... By disposition 3
1,498 1,275 15,654 2,767 2,756 3,557 6,575 1,825 2,004 1,1,4. 1.. 1. 1... 4
Estimated transactions involving no direct dollar outflow from the United States.... 16,880 3,354 3,200 3,625 6,702 2,147 2,542 Expenditures on U.S. merchandise...... 8,246 1,261 1,011 1,569 4,1,287 Expenditures on U.S. services 4...... 4,289 1,007 1,1,852 Financing of military sales contracts by U.S. Government 5 (line C6).... 3,1,376 By long-term credits...... 29 By short-term credits 1......... 3,1,347 By grants 1....... U.S. Government grants and credits to repay prior U.S. Government credits 1 4.... 22 U.S. Government long- and short-term credits to repay prior U.S. private credits 6 and other assets... 5 Increase in liabilities associated with U.S. Government grants and transactions increasing Government assets (including changes in retaining accounts) 7 (line C11)...... (*) (*) (*) (*) (*) (*) (*) Less receipts on short-term U.S. Government assets (a) financing military sales contracts 1 (b) financing repayment of private credits and other assets, and (c) financing expenditures on U.S. merchandise..... 37.. Less foreign currencies used by U.S. Government other than for grants or credits (line A22)... 1. 1... Estimated dollar payments to foreign countries and international financial institutions.... 5,172 1,019 1,465 1,178 1,510 1,273 1,275 4,257 1,1,265 4,257 1,1,124 1,1,(*).. 808 1,808 1,271. 2 (*)..

Seasonally adjusted IIp I II III IV Ir 2001 IIp

2000 II III IV Ir

31,799 34,385 3,990 4,094 9,822 10,347 17,987 19,944 40,915 35,626 15,531 14,323 18,275 19,324 2,744 5,001 26,601 26,898 1,217 5,595 3,867 1,214 5,084 6,809 3,212 3,254 37,703 32,372 15,531 14,2,556 5,808 4,637 9,156 7,129 23,389 23,644 3,159 3,122 6,501 6,885 13,729 13,638 1,217 5,595 1,725 4,070 3,2,811 2,233 5,361 5,515 5,903 6,530 1,511 1,722 4,621 4,860 3,109 3,138
16,130 18,141 2,643 3,920 7,578 8,340 5,909 5,881 36,911 90,565 25,012 73,056 30,516 75,614 5,504 2,557 7,555 10,209 4,344 7,300 10,832 10,461 6,488 3,160 1,547 1,595 35,364 88,970 25,012 73,34,179 8,274 10,920 16,613 27,957 6,008 8,614 2,192 3,127 1,786 5,186 2,4,344 7,163 4,757 4,2,692 1,754 1,874 2,175 2,258 2,595 2,903 2,833 2,645
Table 6.Securities Transactions

(Credits +; debits )

33,129 15,272

24,621 22,359

31,591 27,309
48,240 52,(D) (D) 329 51,255 23,836 2,767 4,486 10,087 12,846 3,972 8,997 2,087 (D) 5,350 (D) (D) 3,646 (D) 2,724 1,212 (D) 6,162 2,382 1,436 1,6,807 4,249 10,877 4,475 3,866 2,715 132,671 33,977 22,394 1,8,744 2,866 4,122 4,595 98,694 19,211 29,357 50,126 56,033 2,839 1,680 45,696 2,322 4,983 35,277 79
A1 Foreign securities, net U.S. purchases (), (table 1, line 52 or lines 2 + 13 below). Stocks, net U.S. purchases.... New issues in the United States.... Of which Western Europe.... Canada..... Latin America... Transactions in outstanding stocks, net... Western Europe.... Of which United Kingdom... Canada.... Japan.... Other.... Bonds, net U.S. purchases.... New issues in the United States.... By issuer: Central governments and their agencies and corporations... Other governments and their agencies and corporations 1... Private corporations.... International financial institutions 2...

124,935 99,735

27,546 15,638

39,639 46,466

15,526 1,894 8,075 3,641 1,916 1,142 2,924. 2,645 279. (D) 1,665 737. 186 742. 1,477. 1,477... 84,209 54,216 41,472 17,972 17,709 29,730 25,200 54,273 13,3,157 3,131 1,561 8,779 11,908 11,187 38,391 27,193 23,107 5,413 11,729 17,514 6,827 7,811 11,631 12,184 8,337 2,999 5,904 2,352 17,857 22,864 20,443 14,566 6,871 6,429 1,637 1,085 2,262 12,411 26,167 14,017 9,6,990 5,381 4,283 8,325 3,4,813 200
15,548 6,500 2,400 1,595 350. 36,898 4,337 5,180 232. 231
6,648. 1,15,215 12,166 1.
By area: Western Europe.... 26,3,425 11,913 10,Canada.... 2,615 1,923 Japan.... 2,000 2,000... Latin America.... 17,894 6,070 2,431 8,4,763 Other countries.... 4,972 1,860 1,846 2,089 International financial institutions 2...... 200 Redemptions of U.S.-held foreign bonds 3... Western Europe.... Canada.... Other countries.... International financial institutions 2... Other transactions in outstanding bonds, net 3... Western Europe.... Of which United Kingdom... Canada.... Japan.... Other.... 20,886 4,120 6,927 8,148 1,691 8,187 19,589 26,5,608 21,516 485,644 192,741 181,263 31,600 11,727 71,810 7,690 2,018 1,770 292,903 64,965 111,830 116,108 167,375 3,100 2,883 141,330 10,890 38,896 75,2,1,140 3,085 8,937 9,1,834 4,548 136,208 66,045 62,150 15,542 6,753 13,515 1,730 5,344 7,509 70,163 13,560 26,010 30,593 44,759 40,053 3,368 4,217 17,5,3,396 9,1,124 2,034 1,515 10,498 94,400 33,619 40,847 9,297 2,268 15,668 1,146 1,072 7,302 60,781 17,759 18,998 24,024 33,049 1,27,080 2,147 8,030 17,5,951 1,2,944 11,733 13,862 3,844 1,517 5,428 128,393 53,825 44,382 3,649 3,548 24,3,540 5,299 74,568 23,788 28,589 22,191 42,1,060 35,850 3,094 12,584 16,6,945 1,341 1,283 3,3,204 2,048 2,742 1,042 126,643 39,252 33,884 3,18,197 4,210 4,894 3,736 87,391 9,858 38,233 39,300 47,499 38,347 2,281 14,065 23,7,422 1,372 1,571 2,622 1,857 3,380 11,350 13,840 7,376 148,809 41,120 33,615 3,738 2,047 11,164 4,2,297 107,689 17,694 38,663 51,332 63,216 3,330 2,683 50,7,402 36,032 149

Western Europe European Union 2000 I II III IV Ir IIp I II 2000
(Credits +, debits )1 2000
Current account 1 Exports of goods and services and income receipts..

437,170

105,668

110,191

108,286

113,025

111,346

108,470

391,637

93,945

98,807
2 Exports of goods and services... 281,812 68,046 70,775 69,489 73,502 71,644 72,031 255,258 60,594 64,431 178,793 44,135 44,846 42,620 47,192 47,894 45,841 162,583 39,240 40,Goods, balance of payments basis 2... 4 Services 3..... 103,019 23,911 25,929 26,869 26,310 23,750 26,190 92,675 21,354 23,559 4... 3,1,090 2,Transfers under U.S. military agency sales contracts 6 Travel.... 26,498 5,475 7,062 7,633 6,328 5,206 6,953 24,136 4,927 6,Passenger fares.... 6,897 1,382 1,826 2,009 1,680 1,380 1,706 6,656 1,329 1,Other transportation... 9,340 2,207 2,336 2,501 2,296 2,212 2,250 8,055 1,891 2,Royalties and license fees 5.... 18,201 4,462 4,461 4,359 4,919 4,374 4,503 16,584 4,164 4,083 5... 38,768 9,577 9,284 9,603 10,304 9,636 9,646 34,582 8,386 8,Other private services 11 U.S. Government miscellaneous services... 12 Income receipts... 155,358 37,622 39,416 38,797 39,523 39,702 36,439 136,379 33,351 34,Income receipts on U.S.-owned assets abroad... 155,207 37,584 39,378 38,760 39,485 39,663 36,399 136,240 33,316 34,Direct investment receipts... 65,503 16,776 16,738 15,891 16,098 17,368 16,738 56,215 14,573 14,Other private receipts... 88,868 20,555 22,493 22,626 23,194 22,010 19,460 79,305 18,532 19,U.S. Government receipts... 17 Compensation of employees... 18 Imports of goods and services and income payments... 521,433 121,607 132,489 133,263 134,074 130,835 133,478 467,900 108,888 119,Imports of goods and services... 336,818 77,668 84,736 86,669 87,745 84,453 88,462 301,888 69,179 76,Goods, balance of payments basis 2... 243,426 58,384 59,856 60,335 64,851 63,104 62,499 219,946 52,118 54,548 93,392 19,284 24,880 26,334 22,894 21,349 25,963 81,942 17,061 21,Services 3..... 22 Direct defense expenditures... 7,971 1,952 1,956 2,047 2,016 2,076 2,005 6,252 1,556 1,Travel.... 22,674 3,981 7,285 7,293 4,115 3,862 7,155 20,585 3,647 6,Passenger fares.... 13,238 2,655 3,903 4,010 2,670 2,723 4,092 11,981 2,403 3,Other transportation... 13,633 3,028 3,345 3,660 3,600 3,406 3,342 11,126 2,474 2,Royalties and license fees 5.... 8,501 1,786 1,804 2,160 2,751 1,966 1,817 6,807 1,530 1,458 26,219 5,599 6,300 6,872 7,448 7,030 7,265 24,194 5,207 5,Other private services 5... 28 U.S. Government miscellaneous services... 1,29 Income payments.... 184,615 43,939 47,753 46,594 46,329 46,382 45,016 166,012 39,709 42,Income payments on foreign-owned assets in the United States.. 184,388 43,876 47,702 46,546 46,264 46,318 44,964 165,826 39,659 42,Direct investment payments... 45,781 11,488 13,304 10,830 10,159 10,971 11,001 41,477 10,401 11,Other private payments... 95,871 21,551 23,633 25,067 25,620 24,989 23,867 84,703 19,258 20,U.S. Government payments 42,736 10,837 10,765 10,649 10,485 10,358 10,096 39,646 10,000 10,Compensation of employees... 35 Unilateral current transfers, net... 1,4... 36 U.S. Government grants 1. 37 U.S. Government pensions and other transfers.. 1,359 1,Private remittances and other transfers 6... 241 1,356 Capital and financial account Capital account 39 Capital account transactions, net... Financial account 40 U.S.-owned assets abroad, net (increase/financial outflow ()).. 367,391 159,373 38,750 93,346 75,922 188,741 59,335 340,816 105,424 76,U.S. official reserve assets, net... 6,310 4,124 1,164 1,Gold 7......... 43 Special drawing rights......... 44 Reserve position in the International Monetary Fund....... 45 Foreign currencies.... 6,310 4,124 1,164 1,U.S. Government assets, other than official reserve assets, net.. 47 U.S. credits and other long-term assets.. 48 Repayments on U.S. credits and other long-term assets 8.. 49 U.S. foreign currency holdings and U.S. short-term assets, net. 50 U.S. private assets, net.... 361,923 159,250 38,469 89,236 74,968 189,186 59,263 340,081 105,517 75,Direct investment.... 77,213 24,658 18,119 19,766 14,670 17,143 22,893 67,874 19,217 17,Foreign securities.... 99,354 9,650 33,739 34,253 21,712 24,131 25,910 86,985 10,471 32,U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns. 78,060 40,758 10,165 26,61,557. 83,244 29,429 20,U.S. claims reported by U.S. banks, not included elsewhere. 107,296 84,184 23,554 8,453 38,213 86,355 10,460 101,978 46,400 5,Foreign-owned assets in the United States, net (increase/financial inflow(+)). 655,195 213,749 134,180 174,383 132,883 272,525 167,773 610,679 167,713 144,Foreign official assets in the United States, net.. 5,105 2,088 2,9,492 1,482 4,420 (18) (18) (18) 57 U.S. Government securities... (17) (17) (17) (17) (17) (17) (17) (18) (18) (18) (17) (17) (17) (17) (17) (17) (17) (18) (18) (18) 58 U.S. Treasury Securities 9... 59 Other 10..... (17) (17) (17) (17) (17) (17) (17) (18) (18) (18) 60 Other U.S. Government liabilities 11... 61 U.S. liabilities reported by U.S. banks, not included elsewhere.. (17) (17) (17) (17) (17) (17) (17) (18) (18) (18) 62 Other foreign official assets 12.... (17) (17) (17) (17) (17) (17) (17) (18) (18) (18) 63 Other foreign assets in the United States, net... 660,300 211,661 131,479 174,785 142,375 274,007 172,193 (18) (18) (18) 64 Direct investment.... 222,934 26,112 70,380 63,282 63,160 50,085 61,761 201,778 24,892 63,U.S. Treasury securities.... (17) (17) (17) (17) (17) (17) (17) (18) (18) (18) 66 U.S. securities other than U.S. Treasury securities... 348,638 106,852 73,896 86,802 81,088 96,831 78,427 333,830 97,609 72,U.S. currency........ 68 U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns. 121,178 82,428 4,624 15,273 28,101 108,476. 131,474 69,891 1,U.S. liabilities reported by U.S. banks, not included elsewhere.. (17) (17) (17) (17) (17) (17) (17) 56,056 24,405 10,Statistical discrepancy (sum of above items with sign reversed).. 202,404 38,198 72,967 55,756 35,483 63,951 83,231 193,572 47,431 48,76 Memoranda: Balance on goods (lines 3 and 20)... Balance on services (lines 4 and 21)... Balance on goods and services (lines 2 and 19)... Balance on income (lines 12 and 29)... Unilateral current transfers, net (line 35)... Balance on current account (lines 1, 18, and 35 or lines 73, 74, and 75) 13. 64,633 9,627 55,006 29,257 1,293 85,556 14,249 4,627 9,622 6,16,216 15,010 1,049 13,961 8,22,501 17,17,180 7,25,321 17,659 3,416 14,243 6,21,518 15,210 2,401 12,809 6,19,868 16,16,431 8,25,242 57,363 10,733 46,630 29,76,431 12,878 4,293 8,585 6,14,893 13,676 1,679 11,997 8,20,220

12 46,986... 136. 135 1

10 113,756... 1. 1

10 4,128... 1. 1

67 82,366... 40. 40

16 29,053... 19. 19

16 11,678... 1. 1

17 16,969... 2. 2

18 24,666... 20. 20

13 44,585... 13. 13

13 44,420... 3. 3
70,330 89,017 161,085 45,288 212,057 58,255 61,051 45,96............. 124 96... 6. 12 25... 135... 6.
69,766 88,816 161,096 45,208 212,198 58,266 61,045 45,765 47,122 113,755 4,127 82,406 29,072 11,677 16,971 24,686 44,572 44,423 18,356 13,238 15,691 18,786 28,976 5,173 9,416 9,491 4,896 8,875 3,797 24,839 10,005 4,236 5,043 5,555 4,864 14,639 30,625 13,073 22,341 27,140 79,049 13,033 27,578 22,450 15,988 23,354 6,866 11,811 2,940 8,275 10,000 3,524 1,012 21,227 26,170 7,360 61,342. 48,312 27,929 11,399 6,866 2,118 52,519. 24,398 1,571 10,636 14,253 1,080 9,570. 5,385 55,145 61,55,861 12,131 12,652 6,958 24,120 29,007 6,536 21,358 23,578 11,470 12,325 21,575 29,126 8,557 148,637 149,565 252,429 148,942 336,597 102,940 85,549 75,823 72,285 177,820 55,559 220,099 51,642 50,031 52,924 65,502 65,560 84,668 (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) 62,984 49,913 38,154 60,089 73,667 5,768 35,268 17,757 14,874 10,883 6,647 108,373 18,285 25,840 38,715 25,533 27,092 51,579 (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) 82,373 81,406 91,059 75,791 213,139 53,568 42,748 60,280 56,543 61,404 54,440 93,491 35,872 24,807 13,486 19,326 23,699 16,414........ 23,349 39,805 88,977. 86,314 55,278 4,785 11,797 24,024 74,383. 43,487 13,986 3,461 11,116 14,924 12,921. 20,059 21,647 34,299 13,128 36,266 11,595 12,412 13,918 23,165 31,132 5,533 25,276 16,540 4,040 10,390 5,694 1,824 16,736 56,545 15,344 1,177 14,167 7,21,797 41,063 15,465 3,584 11,881 7,19,521 73,383 13,823 2,348 11,475 6,17,989 80,443 15,14,712 8,23,239 85,112 2,661 2,40,984 1,278 39,477 36,9,8,233 15,9,9,277 17,822 1,699 11,12,248 15,1,10,9,719 53,11,10,830 40,350 1,148 12,10,675 106,111 37,130 2,481 34,649 3,31,689 15,458 8,818 1,428 7,49 7,147 29,009 9,9,64 9,360 28,729 9,9,583 2,7,243 32,915 9,8,94 7,939 13,980 8,8,742 1,7,008 30,060 10,11,618 1,10,201
Eastern Europe Canada I II III IV Ir IIp I II 2000
(Credits +, debits ) 1 2000
Current account 1 Exports of goods and services and income receipts.. 2 Exports of goods and services... 3 Goods, balance of payments basis 2... 4 Services 3..... 5 Transfers under U.S. military agency sales contracts 4... 6 Travel.... 7 Passenger fares.... 8 Other transportation... 9 Royalties and license fees 5.... 10 Other private services 5... 11 U.S. Government miscellaneous services.. 12 Income receipts... 13 Income receipts on U.S.-owned assets abroad... 14 Direct investment receipts... 15 Other private receipts... 16 U.S. Government receipts... 17 Compensation of employees... 18 Imports of goods and services and income payments... 19 Imports of goods and services... 20 Goods, balance of payments basis 2... 21 Services 3..... 22 Direct defense expenditures... 23 Travel.... 24 Passenger fares.... 25 Other transportation... 26 Royalties and license fees 5.... 27 Other private services 5... 28 U.S. Government miscellaneous services.. 29 Income payments.... 30 Income payments on foreign-owned assets in the United States.. 31 Direct investment payments... 32 Other private payments... 33 U.S. Government payments 34 Compensation of employees... 35 Unilateral current transfers, net... 36 U.S. Government grants 4.... 37 U.S. Government pensions and other transfers.. 38 Private remittances and other transfers 6... Capital and financial account Capital account 39 Capital account transactions, net... Financial account 40 U.S.-owned assets abroad, net (increase/financial outflow ()).. 41 U.S. official reserve assets, net... 42 Gold 7.... 43 Special drawing rights.... 44 Reserve position in the International Monetary Fund.. 45 Foreign currencies.... 46 U.S. Government assets, other than official reserve assets, net.. 47 U.S. credits and other long-term assets.. 48 Repayments on U.S. credits and other long-term assets 8.. 49 U.S. foreign currency holdings and U.S. short-term assets, net.. 50 U.S. private assets, net.... 51 Direct investment.... 52 Foreign securities.... 53 U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns. 54 U.S. claims reported by U.S. banks, not included elsewhere. 55 Foreign-owned assets in the United States, net (increase/financial inflow(+)). 56 Foreign official assets in the United States, net.. 57 U.S. Government securities... 58 U.S. Treasury Securities 9... 59 Other 10..... 60 Other U.S. Government liabilities 11... 61 U.S. liabilities reported by U.S. banks, not included elsewhere.. 62 Other foreign official assets 12.... 63 Other foreign assets in the United States, net.. 64 Direct investment.... 65 U.S. Treasury securities... 66 U.S. securities other than U.S. Treasury securities... 67 U.S. currency.... 68 U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns. 69 U.S. liabilities reported by U.S. banks, not included elsewhere.. 70 Statistical discrepancy (sum of above items with sign reversed).. Memoranda: Balance on goods (lines 3 and 20)... Balance on services (lines 4 and 21)... Balance on goods and services (lines 2 and 19).. Balance on income (lines 12 and 29)... Unilateral current transfers, net (line 35)... Balance on current account (lines 1, 18, and 35 or lines 73, 74, and 75) 13.

General notes for all tables: p Preliminary. r Revised. * Less than $500,000 (+/-) D Suppressed to avoid disclosure of data of individual companies. Table 1: 1. Credits, +: Exports of goods and services and income receipts; unilateral current transfers to the United States; capital account transactions receipts; financial inflowsincrease in foreign-owned assets (U.S. liabilities) or decrease in U.S.-owned assets (U.S. claims). Debits,: Imports of goods and services and income payments; unilateral current transfers to foreigners; capital accounts transactions payments; financial outflowsdecrease in foreign-owned assets (U.S. liabilities) or increase in U.S.-owned assets (U.S. claims). 2. Excludes exports of goods under U.S. military agency sales contracts identified in Census export documents, excludes imports of goods under direct defense expenditures identified in Census import documents, and reflects various other adjustments (for valuation, coverage, and timing) of Census statistics to balance of payments basis; see table 2. 3. Includes some goods: Mainly military equipment in line 5; major equipment, other materials, supplies, and petroleum products purchased abroad by U.S. military agencies in line 22; and fuels purchased by airline and steamship operators in lines 8 and 25. 4. Includes transfers of goods and services under U.S. military grant programs. 5. Beginning in 1982, these lines are presented on a gross basis. The definition of exports is revised to exclude U.S. parents payments to foreign affiliates and to include U.S. affiliates receipts from foreign parents. The definition of imports is revised to include U.S. parents payments to foreign affiliates and to exclude U.S. affiliates receipts from foreign parents. 6. Beginning in 1982, the other transfers component includes taxes paid by U.S. private residents to foreign governments and taxes paid by private nonresidents to the U.S. Government. 7. At the present time, all U.S. Treasury-owned gold is held in the United States. 8. Includes sales of foreign obligations to foreigners. 9. Consists of bills, certificates, marketable bonds and notes, and nonmarketable convertible and nonconvertible bonds and notes. 10. Consists of U.S. Treasury and Export-Import Bank obligations, not included elsewhere, and of debt securities of U.S. Government corporations and agencies. 11. Includes, primarily, U.S. Government liabilities associated with military agency sales contracts and other transactions arranged with or through foreign official agencies; see table 4. 12. Consists of investments in U.S. corporate stocks and in debt securities of private corporations and State and local governments. 13. Conceptually, line 76 is equal to net foreign investment in the national income and product accounts (NIPAs). However, the foreign transactions account in the NIPAs (a) includes adjustments to the international transactions accounts for the treatment of gold, (b) includes adjustments for the different geographical treatment of transactions with U.S. territories and Puerto Rico, and (c) includes services furnished without payment by financial pension plans except life insurance carriers and private noninsured pension plans. A reconciliation of the balance on goods and services from the international accounts and the NIPA net exports appears in reconciliation table 2 in appendix A in this issue of the SURVEY OF CURRENT BUSINESS. A reconciliation of the other foreign transactions in the two sets of accounts appears in table 4.5 of the full set of NIPA tables in the August issue of the SURVEY. Additional footnotes for historical data in July issues of the SURVEY: 14. For 1974, includes extraordinary U.S. Government transactions with India. See Special U.S. Government Transactions, June 1974 SURVEY, p. 27. 15. For 197883, includes foreign currency-denominated notes sold to private residents abroad. 16. Break in series. See Technical Notes in the June 198990, 199295, and July 19962001 issues of the SURVEY. Table 2: 1. Exports, Census basis, represent transactions values, f.a.s. U.S. port of exportation, for all years; imports, Census basis, represent Customs values (see Technical Notes in the June 1982 SURVEY), except for 197481, when they represent transactions values, f.a.s. foreign port of exportation (see July issues of the SURVEY for historical data). From 1983 forward, both unadjusted and seasonally adjusted data have been prepared by BEA from actual and revised statistical monthly data supplied by the Census Bureau (see Technical Notes in the December 1985 SURVEY). Seasonally adjusted data reflect the application of seasonal factors developed jointly by Census and BEA. The seasonally adjusted data are the sum of seasonally adjusted five-digit end-use categories (see technical Notes in the June 1980 SURVEY, in the June 1988 SURVEY, and in the June 1991 SURVEY). Prior to 1983, annual data are as published by the Census Bureau, except that for 197580 published Census data are adjusted to include trade between the U.S. Virgin Islands and foreign countries. 2. Adjustments in lines A5 and A13, B12, B48, and B84 reflect the Census Bureaus reconciliation of discrepancies between the goods statistics published by the United States and the counterpart statistics published in Canada. These adjustments are distributed to the affected end-use categories in section C. Beginning in 1986, estimates for undocumented exports to Canada, the largest item in the U.S.-Canadian reconciliation, are included in Census basis data shown in line A1. 3. Exports of military equipment under U.S. military agency sales contracts with foreign governments (line A6), and direct imports by the Department of Defense and the Coast Guard (line A14), to the extent such trade is identifiable from Customs declarations. The exports are included in tables 1 and 10, line 5 (transfers under U.S. military agency sales contracts); the imports are included in tables 1 and 10, line 22 (direct defense expenditures). 4. Addition of electrical energy; deduction of exposed motion picture film for rental rather than sale; net change in stock of U.S.-owned grains in storage in Canada; coverage adjustments for special situations in which shipments were omitted from Census data; deduction of the value of repairs and alterations to foreign-owned equipment shipped to the United States for repair; and the inclusion of fish exported outside of U.S. customs area. Also includes deduction of exports to the Panama Canal Zone before October 1, 1979, and for 197582, net timing adjustments for goods recorded in Census data in one period but found to have been shipped in another (see July issues of the SURVEY for historical data). 5. Coverage adjustments for special situations in which shipments were omitted from Census data; the deduction of the value of repairs and alterations to U.S.-owned equipment shipped abroad for repair; and the adjustment of software imports to market value. Also includes addition of understatement of inland freight in f.a.s. values of U.S. imports of goods from Canada in 197481; deduction of imports from the Panama Canal Zone before October 1, 1979; and for 197582, net timing adjustments for goods recorded in Census data in one period but found to have been shipped in another (see July issues of the SURVEY for historical data). 6. For 198889, correction for the understatement of crude petroleum imports from Canada. 7. Annual and unadjusted quarterly data shown in this table correspond to country and area data in table 10, lines 3 and 20. Trade with international organizations includes purchases of nonmonetary gold from the International Monetary Fund, transfers of tin to the International Tin Council (ITC), and sales of satellites to Intelsat. The memoranda are defined as follows: Industrial countries: Western Europe, Canada, Japan, Australia, New Zealand, and South Africa; Members of OPEC: Venezuela, Ecuador, Iraq, Iran, Kuwait, Saudi Arabia, Qatar, United Arab Emirates, Indonesia, Algeria, Libya, Nigeria, and Gabon (Excludes Ecuador beginning in January 1993 and Gabon beginning in January 1995.); Other countries: Eastern Europe, Latin America and Other Western Hemisphere, and other countries in Asia and Africa, less OPEC. Before 1984, complete geographic area detail was not available for some balance of payments adjustments. Therefore, the detail shown does not always sum to the values shown for the area aggregates. For all years, Asia and Africa exclude certain Pacific Islands and unidentified countries included in Other countries in Asia and Africa. 8. Includes the former German Democratic Republic (East Germany) beginning in fourth quarter of 1990. In earlier periods, the German Democratic Republic was included in Eastern Europe. 9. Beginning in 1986, New Zealand and South Africa are included in Other countries in Asia and Africa, with New Zealand included as part of Asia and South Africa as part of Africa. 10. The Euro area, which formed in January 1999, includes Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, and from January 2001, Greece. Table 3: 1. Patented techniques, processes, and formulas and other intangible property rights that are used in goods production. 2. Copyrights, trademarks, franchises, rights to broadcast live events, software licensing fees, and other intangible property rights. 3. Other unaffiliated services receipts (exports) include mainly expenditures of foreign governments and international organizations in the United States and film and television tape rentals. Payments (imports) include mainly expenditures of U.S. residents temporarily working abroad and film and television tape rentals. Table 4: 1. Expenditures to release foreign governments from their contractual liabilities to pay for military} goods and services purchased through military sales contractsfirst authorized (for Israel) under Public Law 93199, section 4, and subsequently authorized (for many recipients) under similar legislationare included in line A4. Deliveries against these military sales contracts are included in line C10; see footnote 2. Of the line A4 items, part of these mil-