Table 3-3Water Transportation: U.S. Balance of Payments ($ current millions)
Wednesday, November 30, 2011
Table 3-3
Water Transportation: U.S. Balance of Payments ($ current millions)
1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | |
---|---|---|---|---|---|---|---|
Receipts | |||||||
Passenger fares | 237 | 287 | 285 | 338 | 296 | 394 | 360 |
Export freight* | 4,056 | 4,506 | 5,282 | 4,703 | 4,571 | 3,786 | 3,929 |
Port expenditures | 7,477 | 7,898 | 8,299 | 7,799 | 7,659 | 7,144 | 7,806 |
Total | 11,770 | 12,691 | 13,866 | 12,840 | 12,526 | 11,324 | 12,095 |
Payments | |||||||
Passenger fares | 341 | 353 | 353 | 444 | 358 | 399 | 369 |
Import freight* | 10,462 | 11,369 | 11,514 | 11,259 | 11,907 | 13,652 | 15,727 |
Port expenditures | 2,011 | 2,325 | 2,554 | 2,233 | 2,187 | 1,930 | 1,974 |
Total | 12,814 | 14,047 | 14,421 | 13,936 | 14,452 | 15,981 | 18,070 |
Balance | -1,044 | -1,356 | -555 | -1,096 | -1,926 | -4,657 | -5,975 |
*Includes charter hires.
SOURCE: U.S. Department of Commerce, Economics and Statistics Administration, U.S. Census Bureau, Statistical Abstract of the United States, The National Data Book, 120th Edition 2000, December 2000, p. 658.
- The United States has had a persistent U.S. balance of payments deficit in water transportation. In 1999, foreign carriers, while paying $7.8 billion for U.S. port and handling services, received $15.7 billion for transporting foreign goods to U.S. ports.