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

IMPORTANT:  This release contains sensitive economic data not to be 
            released before 8:30 a.m. Wednesday, September 20, 1995.

            CB-95-169Press Copy
            FT-900 (95-07)

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 JULY 1995

The Bureau of the Census and the Bureau of Economic Analysis, through the 
Department of Commerce, announced today that total July exports of $63.1 
billion and imports of $74.6 billion resulted in a goods and services 
deficit of $11.5 billion, $0.2 billion more than the $11.3 billion of 
June, revised.  July exports were $1.5 billion less than June exports of
$64.6 billion.  July imports were $1.3 billion less than June imports of 
$75.9 billion.     

In July, the goods deficit increased to $16.6 billion from $16.5 billion 
in June, and the services surplus decreased to $5.1 billion from $5.2 
billion in June.  Exports of goods decreased to $46.1 billion from $47.4 
billion, and  imports of goods decreased to $62.6 billion from $63.9 
billion.  Exports of services decreased to $17.0 billion from $17.2 
billion, and imports of services decreased to $11.9 billion from $12.0 
billion. 

The June to July change in exports of goods reflected decreases in 
industrial supplies and materials of $0.8 billion (primarily nonmonetary
gold and chemical products); capital goods ($0.5 billion); consumer goods 
($0.2 billion); automotive vehicles, parts, and engines ($0.1 billion); 
and other goods ($0.1 billion).  Foods, feeds, and beverages increased 
($0.3 billion).

The June to July change in imports of goods reflected decreases in 
automotive vehicles, parts, and engines ($0.4 billion) and industrial 
supplies ($0.3 billion).  Capital goods increased ($0.1 billion) and 
consumer goods increased ($0.1 billion).  Other goods and foods, feeds, 
and beverages were virtually unchanged. 

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.


For the three months ending in July, exports of goods and services, using 
a centered three month moving average, were $64.4 billion, while imports 
of goods and services averaged $75.6 billion, resulting in an average 
trade deficit of $11.2 billion.  For the three months ending in June, the 
average trade deficit was $11.0 billion, reflecting average exports of 
$64.9 billion and average imports of $75.9 billion.

Services exports and imports in July were both little changed from June, 
as in each case there were small offsetting changes across categories.


Selected Not Seasonally Adjusted Goods Details 

Advanced technology products (ATP) exports were $10.6 billion for July and
imports were $10.4 billion, resulting in a surplus of $0.3 billion, $1.1 
billion less than the June surplus of $1.4 billion.  July exports were 
$1.4 billion less than the $12.0 billion of June, while imports were $0.3 
billion less than the $10.6 billion of June.

The July figures showed surpluses in billions of dollars with Australia 
$0.6 (for June $0.7), Hong Kong $0.3 ($0.4), Egypt $0.2 ($0.2), Brazil 
$0.1 ($0.2), and Argentina $0.1 (0.2).  Deficits were recorded in billions
of  dollars  with  Japan -$5.1  (-$5.3),  China -$3.3 (-$3.0), Western 
Europe -$3.1 (-$1.6), OPEC -$1.6 (-$1.3), Canada -$1.5 (-$1.7), Mexico 
-$1.3 (-$1.5), Taiwan  -$1.0 (-$0.5), and Singapore -$0.3 (-$0.3).  
The balance with Korea was virtually zero ($0.2).       

Carry-over in July was $0.1 billion (0.2 percent) for exports and $0.4 
billion (0.6 percent) for imports.  For June, revised export carry-over 
was virtually zero, revised down from $0.2 billion (0.4 percent).  For 
June, revised import carryover was $0.1 billion (0.2 percent), revised 
down from $0.3 billion (0.5 percent).

*** NOTICE ***  *** NOTICE ***  *** NOTICE ***  *** NOTICE ***

Exports to Mexico of Commodities for Automobile Assembly

The Bureau of the Census recently identified certain exports of 
commodities for use in automobile assembly operations in Mexico that were 
omitted from previously published figures.   The shipments involve a wide 
variety of products such as automobile parts, tires, electronic equipment, 
and fabrics.  The U.S. Customs Service did not receive export 
documentation for these shipments for the period of January through 
June 1995.  

The Bureau has revised the detailed 1995 monthly and year-to-date export 
figures in this release to reflect the omission.  The table below 
summarizes the omitted data.  Please contact the Foreign Trade Division,  
Bureau  of  the Census, Washington, D.C.  20233,  or  call  (301) 457-2311 
if you would like to receive the omitted detailed data.


Commodities for Automobile Assembly -- Not seasonally adjusted data
(Value in millions of dollars)

Statistical Month      FAS Value

January                 140.9
February                147.7
March                   149.4 
April                   152.9
May                     165.1 
June                    154.9
Total                   910.9

TABLE OF CONTENTS

Seasonally Adjusted

Exhibit 1  International Trade in Goods and Services     6

Exhibit 2  Goods and Services Three - Month Moving Averages     7

Exhibit 3  U.S. Services by Major Category--Exports     8

Exhibit 4  U.S. Services by Major Category--Imports     9

Exhibit 5  U.S. Trade in Goods     10

Exhibit 6  Exports and Imports of Goods by Principal End-Use Category   11

Exhibit 7  Exports of Goods by End-Use Category and Commodity     12

Exhibit 8  Imports of Goods by End-Use Category and Commodity     14

Exhibit 9  Petroleum and Non-Petroleum End-Use Category Totals    16

Exhibit 10  Exports and Imports of Goods by Principle End-Use
            Category (Constant Dollars)     17

Exhibit 11  Exports, Imports, and Balance of Goods, Petroleum and Non-
            Petroleum End-Use Commodity Category Totals (Constant 
            Dollars)     18

Not Seasonally Adjusted

Exhibit 12  U.S. Trade in Goods     19

Exhibit 13  Exports and Imports of Goods by Principal End-Use Category  20

Exhibit 14  Exports, Imports, and Balance of Goods by Selected  
            Countries and Areas - 1995     21

Exhibit 15  Exports and Imports of Goods by Principal SITC 
            Commodity Groupings     23

Exhibit 16  Exports, Imports, and Balance of Advanced Technology 
            Products     25

Exhibit 17  Imports of Energy - Related Petroleum Products,  
            Including Crude Petroleum     26

Information on Goods and Services     27

FT900 1995 Release Schedule           30



SOURCE: Report FT900 (CB-95-169), Bureau of the Census, Foreign Trade
        Division, JULY 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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