U.S. International Travel and Tourism Balance of Trade (Receipts/Exports and Payments/Imports) (1988 - 1996)

RECEIPTS/EXPORTS
1988 1989 1990 1991 1992 1993 1994 1995 1996
TOTAL ($Mil) $38,409 $46,863 $58,305 $64,237 $71,359 $73,986 $75,500 $82,520 $90,465
% Change 25.7% 22.0% 24.4% 10.2% 11.1% 3.7% 2.0% 9.3% 9.6%
TRAVEL ($Mil) $29,434 $36,205 $43,007 $48,384 $54,742 $57,875 $58,417 $63,395 $69,908
% Change 24.9% 23.0% 18.8% 12.5% 13.1% 5.7% 0.9% 8.5% 10.3%
PASSENGER FARES ($Mil) $8,976 $10,658 $15,298 $15,854 $16,618 $16,111 $17,083 $19,125 $20,557
% Change 28.2% 18.7% 43.5% 3.6% 4.8% -3.1% 6.0% 12.0% 7.5%
PAYMENTS/IMPORTS
TOTAL ($Mil) $39,843 $41,665 $47,880 $45,334 $49,108 $52,026 $56,667 $60,486 $64,515
% Change 8.9% 4.6% 14.9% -5.3% 8.3% 5.9% 8.9% 6.7% 6.7%
TRAVEL ($Mil) $32,114 $33,416 $37,349 $35,322 $38,552 $40,713 $43,782 $46,053 $48,739
% Change 9.6% 4.1% 11.8% -5.4% 9.1% 5.6% 7.5% 5.2% 5.8%
PASSENGER
FARES ($Mil)
$7,729 $8,249 $10,531 $10,012 $10,556 $11,313 $12,885 $14,433 $15,776
% Change 6.1% 6.7% 27.7% -4.9% 5.4% 7.2% 13.9% 12.0% 9.3%
TRAVEL TRADE BALANCE (SURPLUS/DEFICIT)
BALANCE ($Mil) ($1,434) $5,198 $10,425 $18,903 $22,251 $21,960 $18,833 $22,034 $25,950
% Change -76.2% * 100.6% 81.3% 17.7% -1.3% -14.2% 17.0% 17.8%

* Note: Statistically inappropriate to calculate.

Travel (Receipts)/Exports = Spending by international visitors within the U.S. on travel-related expenses, i.e., lodging, food, entertainment, etc.
Passenger Fares (Receipts)/Exports = Spending by international visitors traveling to the U.S. on U.S. flag carriers, and other misc. transportation.
Travel (Payments)/Imports = Spending by U.S. citizens outside the U.S. on travel-related expenses, i.e., lodging, food, entertainment, etc.
Passenger Fares (Payments)/Imports = Spending by U.S. citizens traveling outside the U.S. on foreign flag carriers, and other misc. transportation.

Source: Tourism Industries, International Trade Administration and Bureau of Economic Analysis. 2/98