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US Data: Current Account - Details Changes>

Release for:  Second Quarter
Source: U.S. Department of Commerce
Changes in millions of U.S. dollars, seasonally adjusted
                                                        Q3-17   Q4-17   Q1-18   Q2-18
Current account
Exports of goods, services, income receipts             29717   21396   14905   27976
  Exports of goods, services                             9364   16809   11521   20953
    Goods                                                5322   14125    9503   17796
      General merchandise                                6072   14315    7784   19010
        Foods, feeds, beverages                           457   -2110    1239    7183
        Industrial supplies, materials                   1473   12452    1159    9141
        Capital goods except auto                        4103    2356     868    3438
        auto vehicles, parts, engines                      31     683    2446   -1873
        Consumer goods except food, auto                 -319     928    1791    -316
        Other general merchandise                         327       8     278    1438
      Net exports of goods under merchanting                0       9      10     -13
      Nonmonetary gold                                   -749    -200    1710   -1201
    Services                                             4041    2684    2017    3158
      Maintenance, repair services                       -361     527     546      37
      Transport                                           727     213     253     231
      Travel (for all purposes incl education)            589     449      75     307
      Insurance services                                  316      47    -200      74
      Financial services                                 1073     824    -844     796
      Charges for use of intellectual prop                 59     489     815     604
      Telecomm, computer, information                     394     167      11     276
      Other business services                            1050     390    1230     847
      Government goods, services                          193    -420     131     -13
  Primary income receipts                               13653   11308    7089    3901
    Investment income                                   13652   11309    7068    3890
      Direct investment income                           7313    8130    -867   -1268
      Portfolio investment income                        4527    2460    5630    2918
      Other investment income                            1838     745    2218    2363
      Reserve asset income                                -26     -27      87    -122
    Compensation of employees                               0       0      21      11
  Secondary income (current transfer) receipts           6701   -6721   -3704    3121
Imports of goods, services, income payments             11328   34096   20467    7726
  Imports of goods, services                             5456   31843   17684     776
    Goods                                                2197   29680   17927     152
      General merchandise                                2004   28995   18592     282
        Foods, feeds, beverages                           599     482    1463      75
        Industrial supplies, materials                  -2384   10257    8503    4018
        Capital goods except auto                        5273    5968    1453    3561
        auto vehicles, parts, engines                     -96    1134    2296   -2735
        Consumer goods except food, auto                -1168    9400    6410   -6594
        Other general merchandise                        -219    1754   -1533    1957
      Nonmonetary gold                                    195     684    -664    -131
    Services                                             3257    2165    -244     624
      Maintenance, repair services                       -132      55      34     -30
      Transport                                            33     520     381     366
      Travel (for all purposes incl education)            288    1093     647      47
      Insurance services                                  274    -660   -2680    -538
      Financial services                                  402     150     -96     106
      Charges for use of intellectual prop                838     672     117    -215
      Telecomm, computer, information                     263     212    -106     169
      Other business services                            1225     155    1317     708
      Government goods, services                           64     -31     143       9
  Primary income payments                                3966    7159    8285    4231
    Investment income                                    3885    7171    8274    4217
      Direct investment income                           -956    4636    1480   -1146
      Portfolio investment income                        2975    1460    3663    1980
      Other investment income                            1866    1074    3131    3384
    Compensation of employees                              81     -11      10      14
  Secondary income (current transfer) payments           1907   -4907   -5501    2719
Capital account
Capital transfer receipts, other credits                24788  -24788       0       0
Capital transfer payments, other debits                     1      39     -38    #N/A
Financial account
Net US acquisition of financial assets ex derivatives   57669 -246456  123991 -426238
  Direct investment assets                              52960  -11680 -230582  110354
    Equity                                             -23490   32458 -269268  131258
    Debt instruments                                    76450  -44138   38687  -20905
  Portfolio investment assets                           -4790  -87609  215793 -327831
    Equity, investment fund shares                     -47143 -102632  240104 -274391
    Debt securities                                     42354   15022  -24311  -53440
      Short term                                        35350  -33682  -12696  -25302
      Long term                                          7004   48704  -11614  -28140
  Other investment assets                                9709 -145687  137248 -211836
    Currency, deposits                                  52605  -73638   48966  -80807
    Loans                                              -44465  -70859   89116 -134842
    Insurance technical reserves                         #N/A    #N/A    #N/A    #N/A
    Trade credit, advances                               1569   -1191    -833    3813
  Reserve assets                                         -211   -1478    1532    3075
    Monetary gold                                           0       0       0       0
    Special drawing rights                                 11       0       7       0
    Reserve position in the IMF                          -180   -1437    1462    3209
    Other reserve assets                                  -43     -40      63    -135
      Currency, deposits                                    0       0       0       0
      Securities                                          -43     -40      63    -135
      Financial derivatives                                 0       0       0       0
      Other claims                                          0       0       0       0
Net US incurrence of liabilities ex derivatives         58744 -344918  281916 -498823
  Direct investment liabilities                          9989  -68857   19699  -33384
    Equity                                              -4095   -8607    8341  -39216
    Debt instruments                                    14083  -60250   11358    5832
  Portfolio investment liabilities                      31105 -212649  219877 -291432
    Equity, investment fund shares                      59537  -83938  157690 -180477
    Debt securities                                    -28434 -128710   62187 -110955
      Short term                                       -35299   45250    6140    3230
      Long term                                          6866 -173960   56047 -114184
  Other investment liabilities                          17651  -63413   42340 -174007
    Currency, deposits                                -126537   77215  -71457  -24375
    Loans                                              137899 -135985  106002 -145701
    Insurance technical reserves                         #N/A    #N/A    #N/A    #N/A
    Trade credit, advances                               6289   -4641    7794   -3931
    Special drawing rights allocations                      0       0       0       0
Financial derivatives other than reserves,net            9294  -17823   28247  -45993
Statistical discrepancy
Statistical discrepancy                                -34958  118167 -124154    6341
Balances
Balance on current account                              18390  -12701   -5562   20250
  Balance on goods, services                             3909  -15035   -6163   20177
    Balance on goods                                     3125  -15555   -8424   17644
    Balance on services                                   784     519    2261    2534
  Balance on primary income                              9687    4149   -1196    -330
  Balance on secondary income                            4794   -1814    1796     403
Balance on capital account                              24787  -24827      38       2
Net lending/borrowing, current-, capital-account        43177  -37528   -5524   20252
Net lending/borrowing, financial-account transactions    8220   80639 -129678   26593
  ** MNI Washington Bureau (202) 371-2121 **
[TOPICS: MAUDT$]

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