Evidence From New Linked Data on International Trade in Services and Operations of Multinational Companies. IN CONTRAST to a large and growing deficit on trade in goods, the United States has historically run a surplus on trade in services. In 2011, a $193.5 billion surplus on trade in private services partially offset a $738.3 billion deficit on trade in goods. Despite the importance of services trade and widespread interest in topics such as offshore outsourcing and recent policy initiatives aimed at boosting U.S. exports, little information about an important group of U.S. exporters-firms that trade in private services-is publicly available.
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