The transportation sectors trade balance has been negative for many years. The strong growth of imports, together with much slower growth of exports, have increased the transportation-related trade deficit.
|Imports (billions of dollars)||Q3 01||Q4 01|
|Transportation-related total percent change from previous quarter||-4.23||-5.57|
|Automotive and parts||48.00||47.25|
|Automotive and parts percent change from previous quarter||0.37||-1.56|
|Travel percent change from previous quarter||-15.54||-17.85|
|Other percent change from previous quarter||-6.87||-3.28|
|Civilian aircraft and parts||7.68||8.00|
|Civilian aircraft and parts percent change from previous quarter||-1.29||4.23|
|Passenger fares percent change from previous quarter||-9.30||-26.07|
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; Feb. 28, 2002; available at: http://www.bea.doc.gov/bea/dn/nipaweb/AllTables.asp?Selected=N#S4; based on Survey of Current Business.