> I don't think it is weird considering that US is a mass-exporter of Intellectual Property. I wonder what would US trade deficit look like if we remove IP rel

> I don't think it is weird considering that US is a mass-exporter of Intellectual Property. I wonder what would US trade deficit look like if we remove IP related trade from the statistics? My gut feeling would be that the deficit would look quite a lot worse, but is there some "official" measure on this?