
PART A: SEASONALLY ADJUSTED

EXHIBIT 1. U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
           JANUARY 1996 TO JUNE 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.- June              -51,310        -91,448         40,138
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.- June              -54,646        -98,820         44,174
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.- June              -78,825       -120,530         41,705
January                  -9,936        -17,076          7,140
February                -11,720        -18,120          6,400
March                   -13,209        -20,504          7,295
April                   -14,274        -21,335          7,061
May (R)                 -15,536        -22,578          7,042
June                    -14,151        -20,918          6,767

July                             
August                           
September                        
October                          
November                         
December                         
May data  as published last month:
                        -15,745        -22,803          7,058
______________________________________________________________

                               Exports

  Period                 Total        Goods (1)      Services
                                                       
1996           

Jan.- Dec.              850,775        611,983        238,792
Jan.- June              419,722        302,985        116,737
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.- June              460,199        332,739        127,460
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.- June              466,374        336,134        130,240
January                  79,571         57,902         21,669
February                 77,684         56,350         21,334
March                    79,148         57,217         21,931
April                    77,219         55,335         21,884
May (R)                  76,586         54,719         21,867
June                     76,167         54,612         21,555

July                             
August                           
September                        
October                          
November                         
December                         
May data  as published last month:
                         76,230         54,357         21,873
______________________________________________________________

                               Imports

  Period                 Total        Goods (1)      Services
                                                       
1996           

Jan.- Dec.              959,349        803,320        156,029
Jan.- June              471,032        394,433         76,599
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.- June              514,844        431,558         83,286
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.- June              545,199        456,664         88,535
January                  89,506         74,977         14,529
February                 89,404         74,470         14,934
March                    92,356         77,720         14,636
April                    91,493         76,670         14,823
May (R)                  92,122         77,297         14,825
June                     90,318         75,530         14,788

July                             
August                           
September                        
October                          
November                         
December                         
May data  as published last month:
                         91,975         77,160         14,815

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

SOURCE: Report FT900 (CB-98-148), Bureau of the Census, Foreign Trade
        Division, JUNE 1998.  For more information, contact Haydn R. 
        Mearkle (301-457-2246) or Richard M. Preuss (301-457-2311), 
        Foreign Trade Division.