The largest item in U.S. transportation related imports has been automobile vehicles, engines, and parts, which accounted for 60 percent of U.S. total transportation-related imports. After a sharp increase during the period from mid-1998 to the beginning of 2000, the growth of U.S. imports of automobile vehicles decreased slightly in the last two years before a nine percent increase in the second quarter of 2002.
|Imports (billions of dollars)||Q1 02||Q2 02|
|Transportation-related total percent change from previous quarter||2.83||4.99|
|Automotive and parts||47.60||52.00|
|Automotive and parts percent change from previous quarter||1.55||9.24|
|Travel percent change from previous quarter||13.51||1.36|
|Other percent change from previous quarter||0.28||4.71|
|Civilian aircraft and parts||7.25||6.43|
|Civilian aircraft and parts percent change from previous quarter||-10.77||-11.38|
|Passenger fares percent change from previous quarter||15.17||-0.49|
NOTES: "Other transportation" imports include payments for freight transportation services and port services.
Passenger fares include international transportation fares, particularly, air fares and ocean liner fares.
Travel includes intercity and local fares within a country, hotel and restaurant, admission fees, and souvenir expenditures.
SOURCE: U.S. Department of Commerce, Bureau of Economic Analysis; National Income and Product Accounts data, Table 4.3; July 31, 2002; available at: http://www.bea.doc.gov/bea/dn/nipaweb/AllTables.asp?Selected=N#S4; based on Survey of Current Business.