
PART A:    SEASONALLY ADJUSTED

EXHIBIT 2. U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES 
           THREE-MONTH MOVING AVERAGES -- JANUARY 1997 TO JUNE 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                       -8,871           -16,403             7,532
March                          -8,289           -15,917             7,627
April                          -8,197           -16,042             7,845
May                            -8,063           -15,960             7,896
June                           -7,949           -15,773             7,823

July                           -8,009           -15,811             7,802
August                         -8,574           -16,305             7,731
September                      -8,889           -16,716             7,827
October                        -9,072           -16,710             7,638
November                       -9,400           -16,883             7,483
December                       -9,834           -17,101             7,267

1998           

January                       -10,257           -17,338             7,081
February                      -11,113           -18,292             7,179
March                         -12,235           -19,532             7,297
April                         -13,633           -21,108             7,475
May                           -13,987           -21,167             7,180
June                          -14,478           -21,235             6,758

July                          -14,797           -21,253             6,456
August                        -15,241           -21,656             6,415
September                     -15,131           -21,631             6,500
October                       -14,732           -21,380             6,648
November                      -14,421           -21,196             6,775
December                      -15,058           -21,982             6,924

1999           

January                       -16,351           -23,194             6,842
February                      -17,920           -24,734             6,814
March                         -18,694           -25,396             6,702
April (R)                     -19,569           -26,305             6,735
May                           -21,461           -28,215             6,755
June                                                     
                                       
July                                                     
August                                                   
September                                                
October                                                  
November                                                 
December                                                 
________________________________________


                                           Exports

       Center
      Month of
       Moving
      Average             Total           Goods (1)          Services


1997           

January                            ---               ---              ---
February                       75,253            54,326            20,927
March                          76,667            55,586            21,081
April                          77,523            56,126            21,398
May                            78,227            56,631            21,596
June                           78,948            57,233            21,715

July                           79,559            57,722            21,837
August                         79,762            57,816            21,946
September                      79,802            57,704            22,098
October                        79,612            57,645            21,967
November                       79,606            57,798            21,808
December                       79,328            57,699            21,629

1998           

January                        78,994            57,430            21,564
February                       78,610            56,888            21,722
March                          78,158            56,082            22,076
April                          77,867            55,529            22,338
May                            77,296            55,066            22,230
June                           76,558            54,677            21,880

July                           76,258            54,601            21,657
August                         76,428            54,753            21,675
September                      77,693            55,763            21,930
October                        78,659            56,530            22,129
November                       78,968            56,708            22,260
December                       78,396            56,064            22,332

1999           

January                        77,734            55,324            22,410
February                       77,365            54,764            22,601
March                          77,472            54,766            22,706
April (R)                      77,744            54,905            22,839
May                            78,183            55,224            22,958
June                                                     
                                       
July                                                     
August                                                   
September                                                
October                                                  
November                                                 
December                                                 
________________________________________


                                            Imports

       Center
      Month of
       Moving
      Average             Total           Goods (1)          Services


1997           

January                            ---               ---               ---
February                       84,124            70,729            13,395
March                          84,956            71,502            13,454
April                          85,721            72,168            13,553
May                            86,291            72,591            13,700
June                           86,897            73,006            13,892

July                           87,568            73,533            14,035
August                         88,336            74,121            14,215
September                      88,691            74,420            14,271
October                        88,684            74,355            14,329
November                       89,007            74,681            14,325
December                       89,162            74,800            14,361

1998           

January                        89,251            74,768            14,483
February                       89,723            75,180            14,543
March                          90,393            75,614            14,779
April                          91,500            76,638            14,863
May                            91,283            76,233            15,051
June                           91,035            75,913            15,123

July                           91,055            75,854            15,201
August                         91,669            76,409            15,260
September                      92,823            77,394            15,430
October                        93,391            77,910            15,481
November                       93,389            77,904            15,485
December                       93,454            78,047            15,408

1999           

January                        94,085            78,517            15,568
February                       95,285            79,498            15,787
March                          96,166            80,162            16,004
April (R)                      97,313            81,210            16,104
May                            99,643            83,440            16,204
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-99-155), Bureau of the Census, Foreign Trade
        Division, June 1999.  For more information, contact Haydn R. 
        Mearkle (301-457-2246) or Nick Orsini (301-457-2311), Foreign 
        Trade Division.