United States Department of
COMMERCE NEWS
Washington, D.C. 20230

                           ECONOMICS
                              AND
                           STATISTICS
                         ADMINISTRATION
                          ------------
                      Bureau of the Census
                  Bureau of Economic Analysis                                                                                  
                                
                                                                                                                                                                                                                                                                        

This release contains sensitive economic data not to be released before
8:30 a.m. Wednesday, July 19, 2000                                                      
                                
CB-00-109 Press Copy 
FT-900 (00-05)

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
                             May 2000

Goods and Services

The Bureau of the Census and the Bureau of Economic Analysis, through the
Department of Commerce, announced today that total May exports of $85.7
billion and imports of $116.8 billion resulted in a goods and services
deficit of $31.0 billion, $0.5 billion more than the $30.5 billion in April,
revised.  May exports were $0.8 billion less than April exports of $86.6
billion.  May imports were $0.3 billion less than April imports of $117.1
billion.

In May, the goods deficit increased $0.3 billion from April to $37.2 billion,
and the services surplus decreased $0.3 billion to $6.1 billion.  Exports of
goods decreased to $62.0 billion from $62.6 billion, and imports of goods
decreased to $99.1 billion from $99.5 billion.  Exports of services decreased
to $23.8 billion from $24.0 billion, and imports of services were virtually
unchanged at $17.6 billion.

Goods
     
The April to May change in exports of goods reflected decreases in capital
goods ($0.2 billion); other goods ($0.1 billion); industrial supplies and
materials ($0.1 billion); and consumer  goods ($0.1 billion).  Increases
occurred in automotive vehicles, parts, and engines ($0.1 billion) and foods,
feeds, and beverages ($0.1 billion). 
 
The April to May change in imports of goods reflected decreases in automotive
vehicles, parts, and engines ($0.8 billion) and other goods ($0.2 billion).
Increases occurred in industrial supplies and materials ($0.4 billion);
capital goods ($0.1 billion); and consumer goods ($0.1 billion).  Foods,
feeds, and beverages were virtually unchanged.


Services
     
Services exports decreased $0.2 billion from April to May.  The decrease was
mostly accounted for by decreases in travel and other transportation.  Changes
in the other categories of services exports were small. 

Services imports in May were virtually the same as in April.  Small increases
in several categories of imports were offset by small decreases in others.


Goods and Services Moving Average 

For the three months ending in May, exports of goods and services averaged
$86.4 billion, while imports of goods and services averaged $117.1 billion,
resulting in an average trade deficit of $30.7 billion.  For the three months
ending in April, the average trade deficit was $29.8 billion, reflecting
average exports of $86.0 billion and average imports of $115.8 billion.


Selected Not Seasonally Adjusted Goods Details

The May figures showed surpluses, in billions of dollars, with Australia
$0.5 (for April $0.6), Hong Kong $0.2 ($0.4), Egypt $0.2 ($0.1), Argentina
$0.1 ($0.2), and Brazil $0.1 ($0.0).  Deficits were recorded, in billions
of dollars, with Japan -$6.9 (-$7.3), China -$6.3 (-$5.8), Western Europe
-$5.7 (-$4.6), OPEC -$4.1 (-$3.5), Canada -$4.0 (-$3.7), Mexico -$2.5
(-$1.5), Taiwan -$1.5 (-$1.2), Korea -$0.7 (-$0.5), and Singapore -$0.3
(-$0.1).

Advanced technology products (ATP) exports were $18.3 billion in May and
imports were $17.8 billion, resulting in a surplus of $0.5 billion.  May
exports were $0.3 billion more than the $18.0 billion in April, while
imports were $1.3 billion more than the $16.5 billion in April.

Revisions
     
Goods carry-over in May was $0.3 billion (0.5 percent) for exports and $0.6
billion (0.6 percent) for imports.  For April, revised export carry-over
was $0.2 billion (0.3 percent), revised down from $0.7 billion (1.1 percent).
For April, revised import carry-over was virtually zero, revised down from
$0.6 billion (0.6 percent).

Services exports for April were revised slightly downward to $24.0 billion.
Services imports for April were virtually unrevised at $17.6 billion.





                        Table of Contents
           


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-00-109), Bureau of the Census, Foreign Trade
        Division, May 2000.  For more information, contact Haydn R. 
        Mearkle (301-457-2246) or Nick Orsini (301-457-2311), Foreign 
        Trade Division.           
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