Examine the summary of the balance of payments of the United States for $2021.$ Compute and discuss the balance on the current account and its subaccounts.

A Summary of the U$.$S$.$ Balance of Payments for $2021($in $ billion$)$

Credits Debits

Current Account

$[1]$ Exports $$2,528\mathrm{.}4$

$[1\mathrm{.}1]$ Goods $1,652\mathrm{.}1$

$[1\mathrm{.}2]$ Services $876\mathrm{.}3$

$[2]$ Imports $$$$3,104\mathrm{.}7$

$[2\mathrm{.}1]$ Goods $2,513\mathrm{.}6$

$[2\mathrm{.}2]$ Services $591\mathrm{.}1$

$[3]$ Primary income $1,124\mathrm{.}9893\mathrm{.}0$

$[4]$ Secondary income $159\mathrm{.}2286\mathrm{.}9$

Balance on current account $[[1]+[2]+[3]+[4]]472\mathrm{.}1$

Capital Account $0\mathrm{.}16\mathrm{.}5$

Balance on capital account $6\mathrm{.}4$

Financial Account $($excluding official reserves$)$

$[5]$ Direct investment $302\mathrm{.}2122\mathrm{.}2$

$[6]$ Portfolio investment $218\mathrm{.}913\mathrm{.}5$

$[6\mathrm{.}1]$ Equity securities $244\mathrm{.}1163\mathrm{.}4$

$[6\mathrm{.}2]$ Debt securities $421\mathrm{.}3149\mathrm{.}9$

$[6\mathrm{.}3]$ Derivatives, net $41\mathrm{.}7$

$[7]$ Other investment $276\mathrm{.}4203\mathrm{.}6$

Balance on financial account $[[5]+[6]+[7]]485\mathrm{.}2$

$[8]$ Statistical discrepancies $2\mathrm{.}0$

Overall balance $4\mathrm{.}7$

Official Reserve Account