
PART A: SEASONALLY ADJUSTED

EXHIBIT 1. U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
           JANUARY 1996 TO MAY 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.         -108,574      -191,337        82,763
Jan.- May           -42,701       -75,785        33,084
January              -8,409       -14,802         6,393
February             -6,768       -12,817         6,049
March                -7,928       -14,995         7,067
April                -9,409       -15,955         6,546
May                 -10,188       -17,217         7,029
June                 -8,608       -15,662         7,054

July                -11,529       -17,248         5,719
August              -10,563       -16,873         6,310
September           -10,988       -17,433         6,445
October              -7,034       -15,091         8,057
November             -7,156       -15,459         8,303
December            -10,002       -17,785         7,783

1997           

Jan.- Dec.         -110,207      -197,955        87,748
Jan.- May           -46,494       -83,210        36,716
January             -10,334       -17,495         7,161
February             -9,417       -16,469         7,052
March                -8,379       -15,759         7,380
April                -8,954       -16,505         7,551
May                  -9,410       -16,982         7,572
June                 -8,152       -15,610         7,458

July                 -8,599       -15,864         7,265
August               -9,275       -16,909         7,634
September            -9,235       -16,524         7,289
October              -8,650       -16,270         7,620
November             -9,600       -16,605         7,005
December            -10,205       -16,962         6,757

1998           

Jan.- May           -64,882       -99,836        34,954
January              -9,936       -17,076         7,140
February            -11,720       -18,120         6,400
March               -13,209       -20,504         7,295
April (R)           -14,274       -21,335         7,061
May                 -15,745       -22,803         7,058
June                                       

July                                       
August                                     
September                                  
October                                    
November                                   
December                                   

April data  as published last month:
                    -14,458       -21,477         7,019
_____________________________________________________

                             Exports

     Period       Total       Goods (1)      Services
                                                 
1996           

Jan.- Dec.          850,775       611,983       238,792
Jan.- May           349,052       252,099        96,953
January              68,382        49,473        18,909
February             69,838        50,979        18,859
March                70,169        50,403        19,766
April                69,858        50,492        19,366
May                  70,806        50,753        20,053
June                 70,669        50,885        19,784

July                 68,501        49,377        19,124
August               70,621        51,102        19,519
September            70,248        50,773        19,475
October              74,071        52,715        21,356
November             74,764        53,223        21,541
December             72,842        51,807        21,035

1997           

Jan.- Dec.          937,593       679,325       258,268
Jan.- May           381,701       275,928       105,773
January              73,426        52,655        20,771
February             75,099        54,337        20,762
March                77,659        56,507        21,152
April                77,762        56,326        21,436
May                  77,755        56,103        21,652
June                 78,498        56,811        21,687

July                 79,099        57,455        21,644
August               79,126        57,100        22,026
September            79,705        57,747        21,958
October              80,589        58,467        22,122
November             79,088        57,482        21,606
December             79,784        58,336        21,448

1998           

Jan.- May           389,852       281,161       108,691
January              79,571        57,902        21,669
February             77,684        56,350        21,334
March                79,148        57,217        21,931
April (R)            77,219        55,335        21,884
May                  76,230        54,357        21,873
June                                       

July                                       
August                                     
September                                  
October                                    
November                                   
December                                   

April data  as published last month:
                     77,112        55,280        21,832
_____________________________________________________

                             Imports

     Period       Total       Goods (1)      Services
                                                 
1996           

Jan.- Dec.          959,349       803,320       156,029
Jan.- May           391,754       327,885        63,869
January              76,790        64,274        12,516
February             76,606        63,796        12,810
March                78,096        65,397        12,699
April                79,267        66,447        12,820
May                  80,994        67,970        13,024
June                 79,278        66,548        12,730

July                 80,030        66,625        13,405
August               81,184        67,975        13,209
September            81,236        68,206        13,030
October              81,105        67,806        13,299
November             81,920        68,682        13,238
December             82,845        69,593        13,252

1997           

Jan.- Dec.        1,047,799       877,279       170,520
Jan.- May           428,195       359,138        69,057
January              83,760        70,150        13,610
February             84,517        70,807        13,710
March                86,038        72,266        13,772
April                86,716        72,831        13,885
May                  87,165        73,085        14,080
June                 86,649        72,420        14,229

July                 87,697        73,318        14,379
August               88,401        74,009        14,392
September            88,940        74,271        14,669
October              89,240        74,738        14,502
November             88,688        74,087        14,601
December             89,989        75,298        14,691

1998           

Jan.- May           454,734       380,997        73,737
January              89,506        74,977        14,529
February             89,404        74,470        14,934
March                92,356        77,720        14,636
April (R)            91,493        76,670        14,823
May                  91,975        77,160        14,815
June                                       

July                                       
August                                     
September                                  
October                                    
November                                   
December                                   

April data  as published last month:
                     91,570        76,757        14,813

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

SOURCE: Report FT900 (CB-98-120), Bureau of the Census, Foreign Trade
        Division, MAY 1998.  For more information, contact Haydn R. 
        Mearkle (301-457-2246) or Richard M. Preuss (301-457-2311), 
        Foreign Trade Division.