In 2022, U.S. imports of services via cross-border trade increased by 24.9 percent. The large drop in imports in 2020, as well as the significant growth in 2021 can be attributed to the COVID-19 pandemic, and subsequent recovery.
Percentage change in volume of United States imports of services from 2000 to 2022
According to the BEA: Beginning in 2004, services provided by bank affiliates and by the nonbank affiliates of U.S. banks are included in the statistics. Also beginning in 2004, the statistics are presented as "services supplied" rather than "sales of services." Compared with sales of services, services supplied adds 1) wholesalers' and retailers' distributive services, 2) insurers' premium supplements, and 3) banks' implicitly-charged services; it subtracts a proxy measure of insurers' expected losses.
Percentages calculated by Statista.
*There is no data available for imports of services via foreign affiliates of U.S. companies for 2021-2022
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BEA. (October 5, 2023). Percentage change in volume of United States imports of services from 2000 to 2022 [Graph]. In Statista. Retrieved February 13, 2025, from https://www.statista.com/statistics/259106/change-in-us-imports-of-services/?__sso_cookie_checker=failed
BEA. "Percentage change in volume of United States imports of services from 2000 to 2022." Chart. October 5, 2023. Statista. Accessed February 13, 2025. https://www.statista.com/statistics/259106/change-in-us-imports-of-services/?__sso_cookie_checker=failed
BEA. (2023). Percentage change in volume of United States imports of services from 2000 to 2022. Statista. Statista Inc.. Accessed: February 13, 2025. https://www.statista.com/statistics/259106/change-in-us-imports-of-services/?__sso_cookie_checker=failed
BEA. "Percentage Change in Volume of United States Imports of Services from 2000 to 2022." Statista, Statista Inc., 5 Oct 2023, https://www.statista.com/statistics/259106/change-in-us-imports-of-services/?__sso_cookie_checker=failed
BEA, Percentage change in volume of United States imports of services from 2000 to 2022 Statista, https://www.statista.com/statistics/259106/change-in-us-imports-of-services/?__sso_cookie_checker=failed (last visited February 13, 2025)
Percentage change in volume of United States imports of services from 2000 to 2022 [Graph], BEA, October 5, 2023. [Online]. Available: https://www.statista.com/statistics/259106/change-in-us-imports-of-services/?__sso_cookie_checker=failed