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See the full U.S. trade picture by combining Census Bureau merchandise data with BEA services trade data. The U.S. runs a large goods deficit but a significant services surplus.
Goods Trade
Census Bureau (monthly, annualized)
Services Trade
BEA (N/A annual)
Combined
Goods + Services
Services surplus offsets N/A of goods deficit
Most trade discussions focus on the merchandise (goods) trade deficit. But the U.S. is the world's largest services exporter — in financial services, technology, travel, education, and intellectual property. When services are included, the overall trade deficit is significantly smaller.