
This release contains sensitive economic
data not to be released before 8:30 a.m. Tuesday,
September 21, 1999


CB-99-169     Press Copy 
FT-900 (99-07)

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
  	                    July 1999

Goods and Services

	The Bureau of the Census and the Bureau of Economic Analysis, through 
the Department of Commerce, announced today that total July  exports of $79.0 
billion and imports of $104.2 billion resulted in a goods and services 
deficit of $25.2 billion, $0.6 billion more than the deficit of $24.6 billion 
in June, revised.  July exports were $0.4 billion more than June exports of 
$78.6 billion.  July imports were $1.0 billion more than June imports of 
$103.2 billion.  

	In July, the goods deficit increased $0.5 billion from June to $31.7 
billion, and the services surplus decreased $0.1 billion to $6.5 billion.  
Exports of goods increased to $55.8 billion from $55.5 billion, and imports 
of goods increased to $87.5 billion from $86.7 billion. Exports of services 
were virtually unchanged at $23.2 billion, and imports of services increased 
to $16.7 billion from $16.6 billion.

Goods
	
	The June to July change in exports of goods reflected increases in 
capital goods of $1.0 billion (primarily semiconductors, medicinal 
equipment, and drilling and oilfield equipment) and consumer goods ($0.2 
billion).

Decreases occurred in automotive vehicles, parts, and engines ($0.4 billion); 
other goods ($0.3 billion); industrial supplies and materials ($0.2 billion); 
and foods, feeds, and beverages ($0.1 billion). 
 
	The June to July change in imports of goods reflected increases in 
industrial supplies and materials of $0.4 billion (primarily crude petroleum, 
organic chemicals, and lumber); consumer goods ($0.4 billion); capital goods 
($0.1 billion); and automotive vehicles, parts, and engines ($0.1 billion).  
A decrease occurred in foods, feeds, and beverages ($0.1 billion).  Other 
goods were virtually unchanged.

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 were virtually unchanged from  June to July.  An 
increase in travel was partly offset by small decreases in several other 
categories.

	Services imports increased  $0.1  billion  from June to July, 
reflecting small increases in nearly  all categories.

Goods and Services Moving Average 

	For the three months ending in July, exports of goods and services 
averaged $78.5 billion, while imports of goods and services averaged $102.3 
billion, resulting in an average trade deficit of $23.7 billion.  For the 
three months ending in June, the average trade deficit was $21.6 billion, 
reflecting average exports of $78.2 billion and average imports of $99.8 
billion.


Selected Not Seasonally Adjusted Goods Details 

	The July figures showed surpluses, in billions of dollars, with 
Australia $0.5 (for June $0.5), Egypt $0.2 ($0.2), Argentina $0.1 ($0.2), 
Brazil $0.1 ($0.1), and Hong Kong $0.1 ($0.1).  Deficits were recorded, in  
billions  of  dollars, with Western Europe  -$6.8  (-$4.9), Japan  -$6.8  
(-$6.3), China  -$6.3 (-$5.7),  Canada -$3.3 (-$2.6),  Mexico -$2.1   
(-$2.5), OPEC -$1.9 (-$2.0), Taiwan -$1.3 (-$1.5), Korea -$0.8 (-$0.7), and 
Singapore -$0.4 (-$0.2).

	Advanced technology products (ATP) exports were $15.6 billion in 
July and imports were $16.0 billion, resulting in a deficit of $0.4 billion.  
July exports were $0.9 billion less than the $16.5 billion in June, while 
imports were $0.2 billion more than the $15.8 billion in June.

Revisions
	
	Goods carry-over in July was $0.8  billion (1.5 percent) for exports 
and $1.1 billion (1.3 percent) for imports.  For June, revised export 
carry-over was $0.2 billion (0.3 percent), revised down from $0.9 billion 
(1.6 percent).  For June, revised import carry-over was $0.1 billion (0.1 
percent), revised down from $1.0 billion (1.1 percent).

	Services exports and imports for January through June 1999 were 
revised to incorporate BEA's quarterly U.S. international transactions 
accounts, which were released September 14 (see the Information on Goods and 
Services section at the end of this release for the monthly revision policy).  The revised quarterly and monthly estimates are based on more complete source data than were available previously.  Services exports for June were revised up $0.1 billion to $23.3 billion; increases in several categories were partly offset by decreases in others.  Services imports for June were revised up $0.3 billion to $16.6 billion; the revision was largely attributable to increases in other private services and other transportation.
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-99-169), Bureau of the Census, Foreign Trade
        Division, July 1999.  For more information, contact Haydn R. 
        Mearkle (301-457-2246) or Nick Orsini (301-457-2311), Foreign 
        Trade Division.