I recently paid $400 for a case of Mexican Tequila (made in Mexico). Prior to this, the importer of tequila had to buy $400 worth of pesos. The person that purchased these pesos used $100 to buy a share of Zoom stock and used $300 to buy some COVID-19 masks produced by Pavel in Sunnyvale, CA. Just considering these transactions explain (in $) how each of these changed for the US:
Current Account
Capital and Financial Account
Official Reserves Account
