TABLE 11-5 U.S. Trade Balance in Transportation-Related Services: 1994-2004
TABLE 11-5 U.S. Trade Balance in Transportation-Related Services: 1994-2004
Transportation-related services exports minus imports
Millions of current dollars
Excel | CSV | Graphic Version
1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Trade balance | 1,670 | 3,293 | 3,284 | 777 | -4,632 | -8,753 | -15,209 | -14,947 | -12,135 | -18,199 | -21,497 |
NOTE: Transportation-related
services include passenger fares and
freight and port services. It excludes receipts and payments for travel
services, which includes purchases of goods and services (e.g. food, lodging,
recreation, gifts, entertainment, and any incidental expense on a foreign visit).
These data have not been adjusted for inflation because there is no
specific deflator available for transportation-related services. In addition,
it is difficult to control for trading partners' inflation rates as well as
currency exchange fluctuations when adjusting the value of internationally
traded goods and services for inflation.
SOURCE: U.S. Department of Transportation, Research and Innovative Technology Administration, Bureau of Transportation Statistics, calculations based on data from U.S. Department of Commerce, Bureau of Economic Analysis, International Transactions Accounts data, available at http://www.bea.doc.gov/, as of May 2005.