
PART A:    SEASONALLY ADJUSTED

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

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


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


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                       -9,942           -16,918             6,976

1998           

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

July                          -15,413           -21,543             6,131
August                        -15,500           -21,634             6,134
September                     -15,096           -21,346             6,250
October                       -14,574           -20,954             6,380
November                      -14,394           -20,816             6,422
December  (R)                 -15,343           -21,809             6,466

1999           

January                       -16,767           -23,303             6,536
February                                                 
March                                                    
April                                                    
May                                                      
June                                                     
                                       
July                                                     
August                                                   
September                                                
October                                                  
November                                                 
December                                                 
__________________________________________________________________________
                                           Exports

       Center
      Month of
       Moving
      Average             Total           Goods (1)          Services


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                       79,474            57,876            21,599

1998           

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

July                           75,342            54,059            21,283
August                         75,786            54,472            21,314
September                      77,615            55,976            21,639
October                        78,934            57,090            21,844
November                       79,077            57,163            21,914
December  (R)                  77,966            56,137            21,829

1999           

January                        77,184            55,213            21,971
February                                                 
March                                                    
April                                                    
May                                                      
June                                                     
                                       
July                                                     
August                                                   
September                                                
October                                                  
November                                                 
December                                                 
__________________________________________________________________________

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


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                       89,417            74,794            14,623

1998           

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

July                           90,755            75,602            15,152
August                         91,286            76,105            15,180
September                      92,711            77,322            15,389
October                        93,507            78,043            15,464
November                       93,471            77,979            15,492
December  (R)                  93,308            77,946            15,362

1999           

January                        93,951            78,516            15,435
February                                                 
March                                                    
April                                                    
May                                                      
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-99-73), Bureau of the Census, Foreign Trade
        Division, February 1999.  For more information, contact Haydn R. 
        Mearkle (301-457-2246) or Richard M. Preuss (301-457-2311), 
        Foreign Trade Division.