
This release contains sensitive economic
data not to be released before 8:30 a.m. Thursday,
August 19, 1999  

  CB-99-155     Press Copy 
  FT-900 (99-06)

For information on goods contact:
Bureau of the Census:
Haydn R. Mearkle  (301) 457-2246 
Nick Orsini       (301) 457-2311

For information on services contact:
Bureau of Economic Analysis:
Technical: Christopher Bach (202) 606-9545
Media: Larry Moran          (202) 606-2649
          
            U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
                            June 1999
Goods and Services

     The Bureau of the Census and the Bureau of Economic Analysis, through
the Department of Commerce, announced today that total June exports of $78.4 
billion and imports of $103.0 billion resulted in a goods and services 
deficit of $24.6 billion, $3.5 billion more than the $21.2 billion in May, 
revised.  June exports were $0.4 billion more than May exports of $78.0 
billion.  June imports were $3.9 billion more than May imports of $99.1 
billion.  

     In June, the goods deficit increased $3.5 billion from May to $31.4 
billion, and the services surplus increased $0.1 billion to $6.8 billion.  
Exports of goods increased to $55.3 billion from $55.1 billion, and imports 
of goods increased to $86.7 billion from $83.0 billion.  Exports of services 
increased to $23.1 billion from $22.8 billion, and imports of services 
increased to $16.3 billion from $16.1 billion.

Goods
     
     The May to June change in exports of goods reflected increases in 
automotive vehicles, parts, and engines of $0.4 billion (primarily passenger 
cars and  parts);  foods,   feeds,   and   beverages ($0.1 billion); and 
industrial supplies and materials ($0.1 billion). Decreases occurred in other 
goods ($0.2 billion) and capital goods ($0.2 billion).  Consumer goods were 
virtually unchanged.

   The May to June change in imports of goods reflected increases in capital 
goods of $1.2 billion (primarily telecommunications equipment, computer 
accessories, and computers); consumer goods ($0.9 billion); automotive 
vehicles, parts,and engines ($0.9 billion); industrial supplies and 
materials ($0.4 billion); foods, feeds, and beverages ($0.1 billion); and 
other goods ($0.1 billion).


Note:  Total goods are reported on a balance of payments basis; commodity and 
country detail for goods are on a Census basis. 
Definitions are explained in the notes starting on page 26 of this release.


Services
     
     Services  exports  increased  $0.3  billion from May to June, 
reflecting small increases in all categories. 

     Services imports increased  $0.2  billion  from May to June, reflecting 
small increases in all categories.

Goods and Services Moving Average 

     For the three months ending in June, exports of goods and services 
averaged $78.2 billion, while imports of goods and services averaged $99.6 
billion, resulting in an average trade deficit of $21.5 billion.  For the 
three months ending in May, the average trade deficit was $19.6 billion, 
reflecting average exports of $77.7 billion and average imports of $97.3 
billion.



Selected Not Seasonally Adjusted Goods Details 

     The June figures showed surpluses, in billions of dollars, with 
Australia $0.5 (for May $0.5), Egypt $0.2 ($0.3), Argentina $0.2 ($0.2), 
Brazil $0.1 ($0.2), and Hong Kong $0.1 ($0.2).  Deficits were recorded, in 
billions  of  dollars, with Japan  -$6.3 (-$5.3),  China  -$5.7 (-$5.3), 
Western Europe -$4.9 (-$3.6), Canada -$2.8 (-$2.1), Mexico -$2.5  (-$2.2),
OPEC  -$2.0  (-$1.6),  Taiwan -$1.5  (-$1.2), Korea -$0.7 (-$0.7), and 
Singapore -$0.2 (-$ 0.3).

     Advanced technology products (ATP) exports were $16.5 billion in June 
and imports were $15.8 billion, resulting in a surplus of $0.7 billion.  
June exports were $0.9 billion more than the $15.7 billion in May, while 
imports were $1.8 billion more than the $14.0 billion in May.

Revisions
     
     Goods carry-over in June was $0.9 billion (1.6 percent) for exports and 
$1.0 billion (1.1 percent) for imports.  For May, revised export carry-over 
was $0.2 billion (0.4 percent), revised down from $0.6 billion (1.1 percent).
For May, revised import carry-over was $0.1 billion (0.1 percent), revised
down from $0.9 billion (1.1 percent).

     Services exports for May were revised down $0.1 billion to $22.8
billion.  The revision was attributable to small decreases in travel and
passenger fares, reflecting updated source data. Services imports for May
were unrevised at $16.1 billion.

Seasonally Adjusted

Exhibit 1  International Trade in Goods and Services . . . . . ..............4

Exhibit 2  Goods and Services Centered Three - Month Moving Averages.........5

Exhibit 3  U.S. Services by Major Category--Exports. . . . . . ..............6

Exhibit 4  U.S. Services by Major Category--Imports. . . . . . ..............7

Exhibit 5  U.S. Trade in Goods . . . . . . . . . . . . . . . . ..............8

Exhibit 6  Exports and Imports of Goods by Principal End-Use Category........9

Exhibit 7  Exports of Goods by End-Use Category and Commodity...............10

Exhibit 8  Imports of Goods by End-Use Category and Commodity...............12

Exhibit 9  Petroleum and Non-Petroleum End-Use Category Totals............. 14

Exhibit 10  Exports and Imports of Goods by Principal End-Use
            Category (Constant Dollars) . . . . . . . ......................15

Exhibit 11  Exports, Imports, and Balance of Goods, Petroleum and Non-
            Petroleum End-Use Commodity Category Totals (Constant Dollars)..16

Not Seasonally Adjusted

Exhibit 12  U.S. Trade in Goods. . . . . . . . . . . . . . . .............. 17

Exhibit 13  Exports and Imports of Goods by Principal End-Use Category......18


Exhibit 14  Exports, Imports, and Balance of Goods by Selected  
            Countries and Areas   . . . . . . . . . . . . . . . ............19

Exhibit 15  Exports and Imports of Goods by Principal SITC 
            Commodity Groupings.............................................21

Exhibit 16  Exports, Imports, and Balance of Advanced Technology Products...23

Exhibit 17  Imports of Energy - Related Petroleum Products, 
            Including Crude Petroleum . . . . . . . . . . . . . ............24

Exhibit 18  Exports and Imports of Motor Vehicles and 
            Parts By Selected Countries.....................................25

Information on Goods and Services. . . . . . . . . . . . . . . .............26
                                                                                                              
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.
