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Travel & Tourism

U.S. Inbound Travel & Tourism is America's Most Valuable Export Service

It seems that when it comes to the economy, all eyes are on production and manufacturing. However, there is one sector of the economy that's really successful in reining in the U.S. balance of trade deficit, but somehow still flies under the radar: Inbound travel & tourism to the U.S. (counts towards export services).

According to figures released by the , the balance has dipped year-over-year by 14 percent, from plus $97.2 billion in 2015 to $83.9 billion in 2016. A trend that shouldn't continue.

Description

U.S trade balance for goods & services and trade balance for travel & tourism (in $b)

Balance of trade in goods and services UK 2015-2026
Monthly balance of trade in Turkey 2018-2024
Value of trade in the UK 2015-2026
Premium statistics
Trade deficit and surplus in goods of the U.S. with select regions 2010-2025
New York's imports and exports of goods 2017-2026
New Jersey's imports and exports of goods 2017-2026

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