
PART A:    SEASONALLY ADJUSTED

EXHIBIT 2. U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES 
           THREE-MONTH MOVING AVERAGES -- JANUARY 1996 TO JUNE 1998

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

                                 
     Center
    Month of                           Balance
     Moving
     Average              Total       Goods (1)      Services

1996           

January                     
February                 -7,701        -14,204          6,503
March                    -8,035        -14,589          6,554
April                    -9,175        -16,056          6,881
May                      -9,402        -16,278          6,876
June                    -10,108        -16,709          6,601

July                    -10,233        -16,594          6,361
August                  -11,027        -17,185          6,158
September                -9,528        -16,466          6,937
October                  -8,393        -15,994          7,602
November                 -8,064        -16,112          8,048
December                 -9,164        -16,913          7,749

1997           

January                  -9,918        -17,250          7,332
February                 -9,377        -16,574          7,198
March                    -8,917        -16,245          7,328
April                    -8,914        -16,415          7,501
May                      -8,839        -16,366          7,527
June                     -8,720        -16,152          7,432

July                     -8,675        -16,128          7,452
August                   -9,036        -16,432          7,396
September                -9,054        -16,568          7,514
October                  -9,162        -16,467          7,305
November                 -9,485        -16,613          7,127
December                 -9,914        -16,881          6,967

1998           

January                 -10,620        -17,386          6,766
February                -11,621        -18,566          6,945
March                   -13,067        -19,986          6,919
April (R)               -14,339        -21,472          7,133
May                     -14,654        -21,610          6,957
June                                            
                                 
July                                            
August                                          
September                                       
October                                         
November                                        
December                                        
__________________________________________________________________

     Center
    Month of                           Exports
     Moving
     Average             Total        Goods (1)      Services

1996           

January                     
February                 69,463         50,285         19,178
March                    69,955         50,625         19,330
April                    70,278         50,549         19,728
May                      70,444         50,710         19,734
June                     69,992         50,339         19,654

July                     69,931         50,455         19,476
August                   69,790         50,418         19,373
September                71,647         51,530         20,117
October                  73,028         52,237         20,791
November                 73,893         52,582         21,311
December                 73,678         52,562         21,116

1997           

January                  73,789         52,933         20,856
February                 75,395         54,500         20,895
March                    76,840         55,723         21,117
April                    77,725         56,312         21,413
May                      78,005         56,413         21,592
June                     78,450         56,789         21,661

July                     78,907         57,122         21,786
August                   79,310         57,434         21,876
September                79,807         57,771         22,035
October                  79,794         57,899         21,895
November                 79,820         58,095         21,725
December                 79,481         57,906         21,574

1998           

January                  79,013         57,529         21,484
February                 78,801         57,156         21,645
March                    78,017         56,301         21,716
April (R)                77,651         55,757         21,894
May                      76,657         54,889         21,769
June                                            
                                 
July                                            
August                                          
September                                       
October                                         
November                                        
December                                        
__________________________________________________________________

     Center
    Month of                           Imports
     Moving
     Average              Total       Goods (1)      Services

1996           

January                     
February                 77,164         64,489         12,675
March                    77,990         65,214         12,776
April                    79,452         66,605         12,848
May                      79,846         66,988         12,858
June                     80,100         67,047         13,053

July                     80,164         67,049         13,115
August                   80,817         67,602         13,215
September                81,175         67,996         13,179
October                  81,421         68,232         13,189
November                 81,957         68,694         13,263
December                 82,842         69,475         13,367

1997           

January                  83,707         70,183         13,524
February                 84,771         71,074         13,697
March                    85,757         71,968         13,789
April                    86,640         72,727         13,912
May                      86,843         72,779         14,065
June                     87,171         72,941         14,229

July                     87,583         73,249         14,333
August                   88,346         73,866         14,480
September                88,860         74,339         14,521
October                  88,956         74,365         14,591
November                 89,306         74,708         14,598
December                 89,394         74,787         14,607

1998           

January                  89,633         74,915         14,718
February                 90,422         75,722         14,700
March                    91,084         76,287         14,798
April (R)                91,990         77,229         14,761
May                      91,311         76,499         14,812
June                                            
                                                
July                                            
August                                          
September                                       
October                                         
November                                        
December                                        

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

Note:   The three-month moving averages shown in this exhibit are
        computed by summing the subject month, the two prior months,
        dividing by three and showing the average at the center
        month of the period.  Using this method, an average is not
        available for the current month.  A centered moving average
        is useful in smoothing the volatile trade data so that trends
        can better be discerned.


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.