
PART A:    SEASONALLY ADJUSTED

EXHIBIT 2. U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES 
           THREE-MONTH MOVING AVERAGES -- JANUARY 1997 TO JANUARY 1999

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

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


1997           

January                            ---               ---               ---
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  (R)                  -9,942           -16,918             6,976

1998           

January  (R)                  -10,653           -17,460             6,807
February  (R)                 -11,791           -18,678             6,887
March  (R)                    -13,164           -20,098             6,934
April  (R)                    -14,506           -21,584             7,077
May  (R)                      -14,745           -21,593             6,848
June  (R)                     -15,089           -21,491             6,402

July  (R)                     -15,413           -21,543             6,131
August  (R)                   -15,500           -21,634             6,134
September  (R)                -15,096           -21,346             6,250
October  (R)                  -14,574           -20,954             6,380
November  (R)                 -14,394           -20,816             6,422
December                      -15,403           -21,862             6,459

1999           

January                                                  
February                                                 
March                                                    
April                                                    
May                                                      
June                                                     
                                       
July                                                     
August                                                   
September                                                
October                                                  
November                                                 
December                                                 
__________________________________________________________________________


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


1997           

January                            ---               ---              ---
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  (R)                  79,474            57,876            21,599

1998           

January  (R)                   79,012            57,468            21,544
February  (R)                  78,732            57,064            21,668
March  (R)                     78,079            56,209            21,871
April  (R)                     77,691            55,665            22,027
May  (R)                       76,747            54,848            21,899
June  (R)                      75,859            54,345            21,514

July  (R)                      75,342            54,059            21,283
August  (R)                    75,786            54,472            21,314
September  (R)                 77,615            55,976            21,639
October  (R)                   78,934            57,090            21,844
November  (R)                  79,077            57,163            21,914
December                       77,863            56,025            21,838

1999           

January                                                  
February                                                 
March                                                    
April                                                    
May                                                      
June                                                     
                                       
July                                                     
August                                                   
September                                                
October                                                  
November                                                 
December                                                 
__________________________________________________________________________

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


1997           

January                            ---               ---               ---
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  (R)                  89,417            74,794            14,623

1998           

January  (R)                   89,665            74,928            14,737
February  (R)                  90,523            75,742            14,781
March  (R)                     91,243            76,306            14,937
April  (R)                     92,198            77,249            14,949
May  (R)                       91,492            76,441            15,051
June  (R)                      90,947            75,836            15,112

July  (R)                      90,755            75,602            15,152
August  (R)                    91,286            76,105            15,180
September  (R)                 92,711            77,322            15,389
October  (R)                   93,507            78,043            15,464
November  (R)                  93,471            77,979            15,492
December                       93,266            77,887            15,379

1999           

January                                                  
February                                                 
March                                                    
April                                                    
May                                                      
June                                                     
                                                         
July                                                     
August                                                   
September                                                
October                                                  
November                                                 
December                                                 

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-99-55), Bureau of the Census, Foreign Trade
        Division, January 1999.  For more information, contact Haydn R. 
        Mearkle (301-457-2246) or Richard M. Preuss (301-457-2311), 
        Foreign Trade Division.