Automobiles vehicles (including engines and parts), and travel are the leading commodities in U.S. transportation related exports. Exports of civilian aircraft, engines and parts also contributed a significant portion to the U.S. total. In the fourth quarter of 2001, all U.S. transportation-related exports decreased. Out of these decreases, the drop in exports of travel services was particularly sharp, reflecting the impact of the September 11, 2001 terrorist attacks. However, travel services exports rebounded in the first quarter of 2002, making up much of the decline that occurred during the previous quarter.
|Exports (billions of dollars)||Q4 01||Q1 02|
|Transportation-related total percent change from previous quarter||-10.52||7.28|
|Automotive and parts||18.28||18.25|
|Automotive and parts percent change from previous quarter||-5.56||-0.14|
|Travel percent change from previous quarter||-16.48||19.73|
|Civilian aircraft and parts||12.03||12.45|
|Civilian aircraft and parts percent change from previous quarter||-9.42||3.53|
|Other percent change from previous quarter||-5.02||-1.13|
|Passenger fares percent change from previous quarter||-20.22||21.83|
NOTES: "Other transportation" exports 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; May 24, 2002; available at: http://www.bea.doc.gov/bea/dn/nipaweb/AllTables.asp?Selected=N#S4; based on Survey of Current Business.