U.S. Economy: Intellectual property exports up $96 million

September 8, 2018

According to the U.S. International Trade in Goods and Services report published by Bureau of Economic Analysis published on September 5th, although overall exports went down by $2.1 billion dollars last month when compared to the month of June exports in services went up by $209 million.

 

Exports in services currently sit at $70.3 billion a total of $1.6 billion dollars more when compared to July of 2017 and as previously mentioned $209 million more than in June.  Now 46% of this change comes from an increase in the charges for the use in intellectual property. Charges for the use of intellectual property went from $11,470 to $11,566 million a $96 million or 0.84% increase.  When compared to July of last year charges for intellectual property have gone from $10,748 to $11,566 million, a $818 million difference or a of 7.6% increase.

 

 

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