Table 3-3 Water Transportation: U.S. Balance of Payments ($ current millions)

Table 3-3
Water Transportation: U.S. Balance of Payments ($ current millions)

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  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.