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U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES:  JUNE 1995 

IMPORTANT:  This release contains sensitive economic data not to be 
            released before 8:30 a.m. Thursday, 

August 17, 1995.  CB-95-152
Press Copy FT-900 (95-06)

For information on goods contact: Bureau of the Census:
Haydn R. Mearkle (301) 457-2246 
Richard M. Preuss (301) 457-2311

For information on services contact: Bureau of Economic Analysis:
Media: Larry Moran (202) 606-2649 
Technical: Christopher Bach (202) 606-9545

U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES  JUNE 1995

The Bureau of the Census and the Bureau of Economic Analysis, through 
the Department of Commerce, announced today that total June exports of 
$64.5 billion and imports of $75.8 billion resulted in a goods and 
services deficit of $11.3 billion, $0.3 billion more than the $11.0 
billion of May, revised.  June exports were $0.8 billion less than May 
exports of $65.2 billion.  June imports were $0.5 billion less than May 
imports of $76.3 billion.     

In June, the goods deficit increased to $16.4 billion from $16.1 billion 
in May, and the services surplus was unchanged at $5.1 billion.  Exports 
of goods decreased to $47.4 billion from $48.2 billion, and  imports of 
goods decreased to $63.8 billion from $64.3 billion.  Exports of services 
of $17.1 billion and imports of services of $12.0 billion were virtually 
the same as in May.

The May to June change in exports of goods reflected decreases in 
automotive vehicles, parts and engines of $0.5 billion (primarily parts 
and accessories); other goods ($0.4 billion); foods, feeds, and beverages 
($0.1); and consumer goods ($0.1).  Industrial supplies and materials 
increased ($0.3 billion) and capital goods increased ($0.2 billion).  

The May to June change in imports of goods reflected decreases in consumer 
goods of $0.4 billion (primarily artwork and gem diamonds); automotive 
vehicles, parts, and engines ($0.4 billion); and industrial supplies ($0.2 
billion).  Capital goods increased ($0.6 billion) and foods, feeds, and 
beverages increased ($0.1 billion).  Other goods were virtually unchanged.

For the three months ending in June, exports of goods and services, using 
a centered three month moving average, were $64.6 billion, while imports 
of goods and services averaged $75.8 billion, resulting in an average 
trade deficit of $11.3 billion.  For the three months ending in May, the 
average trade deficit was $10.8 billion, reflecting average exports of 
$64.7 billion and average imports of $75.4 billion.

Services exports and imports in June were unchanged from May, as there 
were small offsetting changes across categories.


Selected Not Seasonally Adjusted Goods Details 

Advanced technology products (ATP) exports were $12.0 billion for June and
imports were $10.6 billion, resulting in a surplus of $1.4 billion, $0.2 
billion more than the May surplus of $1.2 billion.  June exports were $1.0 
billion more than the $11.0 billion of May, while imports were $0.8 
billion more than the $9.8 billion of May.

The June figures showed surpluses in billions of dollars with Australia 
$0.7 (for May $0.6), Hong Kong $0.4 ($0.6), Korea $0.2 ($0.1), Brazil $0.2 
($0.3), Egypt $0.2 ($0.2), and Argentina $0.2 ($0.2).  Deficits were 
recorded in billions of dollars with Japan -$5.3 (-$5.5),  China  -$3.0  
(-$2.8),  Canada -$1.7 (-$0.9), Mexico -$1.6 (-$1.6),  Western Europe -$1.6 
(-$1.0), OPEC  -$1.3 (-$1.3), Taiwan  -$0.5 (-$0.7),  and Singapore  -$0.3
(-$0.3).
      
Carry-over in June was $0.2 billion (0.4 percent) for exports and $0.3 
billion (0.5 percent) for imports.  For May, revised export carry-over was
virtually zero, revised down from $0.2 billion (0.4 percent).  For May,
revised import carryover was $0.1 billion (0.2 percent), revised down from 
$0.2 billion (0.3 percent).


Note: Total goods are reported on a balance of payments basis; commodity 
      and country detail for goods are on a Census basis.  Definitions are 
      explained in the notes starting on page 25 of this release.


TABLE OF CONTENTS

Seasonally Adjusted

Exhibit 1  International Trade in Goods and Services 4

Exhibit 2  Goods and Services Three - Month Moving Averages 5

Exhibit 3  U.S. Services by Major Category--Exports 6

Exhibit 4  U.S. Services by Major Category--Imports 7

Exhibit 5  U.S. Trade in Goods 8

Exhibit 6  Exports and Imports of Goods by Principal End-Use Category 9

Exhibit 7  Exports of Goods by End-Use Category and Commodity 10

Exhibit 8  Imports of Goods by End-Use Category and Commodity 12

Exhibit 9  Petroleum and Non-Petroleum End-Use Category Totals 14

Exhibit 10  Exports and Imports of Goods by Principle End-Use
                                  Category (Constant Dollars) 15

Exhibit 11  Exports, Imports, and Balance of Goods, Petroleum and Non-
                                  Petroleum End-Use Commodity Category 
                                             Totals (Constant Dollars) 16

Not Seasonally Adjusted

Exhibit 12  U.S. Trade in Goods 17

Exhibit 13  Exports and Imports of Goods by Principal End-Use Category 18

Exhibit 14  Exports, Imports, and Balance of Goods by Selected  
                                    Countries and Areas - 1995 19

Exhibit 15  Exports and Imports of Goods by Principal SITC 
                                       Commodity Groupings 21

Exhibit 16  Exports, Imports, and Balance of 
                Advanced Technology Products 23

Exhibit 17  Imports of Energy - Related Petroleum Products,  
                                  Including Crude Petroleum 24

Information on Goods and Services 25

FT900 1995 Release Schedule 28



SOURCE: Report FT900 (CB-95-152), Bureau of the Census, Foreign Trade
        Division, JUNE 1995.  For more information, contact Haydn R. 
        Mearkle (301-457-2246) or Richard M. Preuss (301-457-2311), 
        Foreign Trade Division.


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