
PART A: SEASONALLY ADJUSTED

EXHIBIT 1. U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
           JANUARY 1996 TO MARCH 1998

(In millions of dollars. Details may not equal totals due to seasonal
adjustment and rounding.  (R) Revised.)

                               
                                  Balance

     Period         Total        Goods (1)      Services
                                                     
1996           

Jan.- Dec.           -111,040       -191,170         80,130
Jan.- Mar.            -24,539        -42,923         18,384
January                -9,510        -15,508          5,998
February               -7,657        -13,080          5,423
March                  -7,372        -14,335          6,963
April                  -9,676        -15,897          6,221
May                    -9,973        -16,826          6,853
June                   -8,132        -14,839          6,707

July                  -11,623        -17,757          6,134
August                -10,007        -16,759          6,752
September             -10,887        -17,976          7,089
October                -7,935        -15,320          7,385
November               -7,665        -15,176          7,511
December              -10,601        -17,695          7,094

1997           

Jan.- Dec.           -113,684       -198,975         85,291
Jan.- Mar.            -29,323        -49,843         20,520
January               -11,619        -18,167          6,548
February               -9,864        -16,780          6,916
March                  -7,840        -14,896          7,056
April                  -8,129        -15,546          7,417
May                    -9,196        -16,381          7,185
June                   -8,346        -15,262          6,916

July                   -9,919        -16,867          6,948
August                 -8,992        -16,577          7,585
September             -10,996        -18,557          7,561
October                -8,979        -16,498          7,519
November               -8,904        -15,741          6,837
December              -10,896        -17,702          6,806

1998           

Jan.- Mar.            -36,821        -57,066         20,245
January               -11,619        -18,328          6,709
February (R)          -12,177        -18,541          6,364
March                 -13,025        -20,197          7,172
April                                         
May                                           
June                                          

July                                          
August                                        
September                                     
October                                       
November                                      
December                                      

February data  as published last month:
                      -12,108        -18,565          6,457
_____________________________________________________

                                  Exports

     Period         Total        Goods (1)      Services
                                                     
1996           

Jan.- Dec.            848,833        612,069        236,764
Jan.- Mar.            207,105        150,048         57,057
January                67,630         48,899         18,731
February               68,818         50,433         18,385
March                  70,657         50,716         19,941
April                  69,982         50,794         19,188
May                    71,277         51,282         19,995
June                   70,889         51,335         19,554

July                   68,500         49,087         19,413
August                 71,150         51,254         19,896
September              70,435         50,423         20,012
October                73,088         52,503         20,585
November               73,969         53,209         20,760
December               72,444         52,133         20,311

1997           

Jan.- Dec.            931,370        678,150        253,220
Jan.- Mar.            224,078        162,342         61,736
January                71,789         51,624         20,165
February               74,224         53,625         20,599
March                  78,065         57,093         20,972
April                  78,325         57,100         21,225
May                    77,930         56,809         21,121
June                   78,306         57,317         20,989

July                   77,681         56,683         20,998
August                 78,867         57,264         21,603
September              78,104         56,308         21,796
October                80,067         58,388         21,679
November               78,661         57,524         21,137
December               79,352         58,414         20,938

1998           

Jan.- Mar.            233,922        169,755         64,167
January                77,642         56,686         20,956
February (R)           76,873         55,543         21,330
March                  79,407         57,526         21,881
April                                         
May                                           
June                                          

July                                          
August                                        
September                                     
October                                       
November                                      
December                                      

February data  as published last month:
                       77,011         55,609         21,402
______________________________________________________

                                  Imports

     Period         Total        Goods (1)      Services
                                                     
1996           

Jan.- Dec.            959,873        803,239        156,634
Jan.- Mar.            231,645        192,972         38,673
January                77,140         64,407         12,733
February               76,476         63,514         12,962
March                  78,030         65,052         12,978
April                  79,658         66,691         12,967
May                    81,250         68,108         13,142
June                   79,021         66,174         12,847

July                   80,123         66,844         13,279
August                 81,157         68,013         13,144
September              81,323         68,400         12,923
October                81,023         67,823         13,200
November               81,634         68,385         13,249
December               83,045         69,828         13,217

1997           

Jan.- Dec.          1,045,054        877,125        167,929
Jan.- Mar.            253,401        212,185         41,216
January                83,408         69,791         13,617
February               84,088         70,405         13,683
March                  85,905         71,989         13,916
April                  86,454         72,646         13,808
May                    87,127         73,191         13,936
June                   86,652         72,579         14,073

July                   87,600         73,550         14,050
August                 87,860         73,842         14,018
September              89,100         74,865         14,235
October                89,046         74,886         14,160
November               87,565         73,265         14,300
December               90,249         76,117         14,132

1998           

Jan.- Mar.            270,743        226,821         43,922
January                89,261         75,014         14,247
February (R)           89,051         74,085         14,966
March                  92,431         77,722         14,709
April                                         
May                                           
June                                          

July                                          
August                                        
September                                     
October                                       
November                                      
December                                      

February data  as published last month:
                       89,119         74,174         14,945

(1) Data presented on a Balance of Payments (BOP) Basis.

SOURCE: Report FT900 (CB-98-85), Bureau of the Census, Foreign Trade
        Division, MARCH 1998.  For more information, contact Haydn R. 
        Mearkle (301-457-2246) or Richard M. Preuss (301-457-2311), 
        Foreign Trade Division.