Travel is our second-largest export and it generated a $70 billion trade surplus in 2018. In fact, without travel the U.S. trade deficit would have been 11 percent larger. This fact sheet highlights the incredible—yet not so obvious—impact of international inbound travel on the U.S. trade balance.
It provides answers to key questions, including:
- What is a travel export?
- What are the components of U.S. Travel Exports?
- Where does travel rank compared to other U.S. exports?
- How many jobs are supported by travel exports compared to other exports?
- How is the travel trade balance calculated?
- How does our travel trade balance vary by our top trade partners?
- How has our travel trade balance changed over time?
The Fact Sheet also includes a detailed country-level table of travel trade statistics with our top-10 trade partners. Highlights include:
- Without travel, our trade surplus with Canada of $3.6 billion in 2018 would have been a deficit of $9.3 billion
- Without travel, our trade deficit with India in 2018 would have been 48% higher
Travel experiences by international visitors to the U.S. help fuel the U.S. economy, and are truly “Made in America”.