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

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  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.