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,
September 20, 2000
                                
CB-00-149 Press Copy 
FT-900 (00-07) 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: Ralph Morris         (202) 606-2649


          U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
                            July 2000

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 $89.7
billion and imports of $121.6 billion resulted in a goods and services
deficit of $31.9 billion, $2.0 billion more than the $29.8 billion in June,
revised.  July exports were $1.3 billion less than June exports of $91.0
billion.  July imports were $0.7 billion more than June imports of $120.8
billion.

In July, the goods deficit increased $1.8 billion from June to $38.7 billion,
and the services surplus decreased $0.2 billion to $6.8 billion.  Exports of
goods decreased to $65.0 billion from $66.5 billion, and imports of goods
increased to $103.7 billion from $103.3 billion.  Exports of services
increased to $24.7 billion from $24.5 billion, and imports of services
increased to $17.9 billion from $17.5 billion.

Goods
     
The June to July change in exports of goods reflected decreases in automotive
vehicles, parts, and engines ($0.5 billion), other goods ($0.4 billion);
capital goods ($0.4 billion); industrial supplies and materials ($0.3
billion); and consumer goods ($0.2 billion).  Foods, feeds, and beverages
were virtually unchanged. 
 
The June to July change in imports of goods reflected increases in industrial
supplies and materials of $0.4 billion (primarily crude oil and natural gas);
automotive vehicles, parts, and engines ($0.3 billion); foods, feeds, and
beverages ($0.1 billion).  Decreases occurred in capital goods ($0.1 billion)
and consumer goods ($0.1 billion).  Other goods were virtually unchanged.
                                    
Services
     
Services exports increased $0.2 billion from June to July.  The largest
increase was in travel.  Changes in the other categories of services exports
were small.

Services imports increased $0.4 billion from June to July.  The increase was
mostly accounted for by increases in travel, other transportation, and other
private services.  Changes in the other categories of services imports were
small.

Goods and Services Moving Average 

For the three months ending in July, exports of goods and services averaged
$89.2 billion, while imports of goods and services averaged $119.7 billion,
resulting in an average trade deficit of $30.5 billion.  For the three months
ending in June, the average trade deficit was $29.8 billion, reflecting
average exports of $88.4 billion and average imports of $118.1 billion.

Selected Not Seasonally Adjusted Goods Details

The July figures showed surpluses, in billions of dollars, with Australia
$0.4 (for June $0.6), Egypt $0.2 ($0.3), Argentina $0.1 ($0.1), Brazil $0.1
($0.1), and Hong King $0.1 ($0.3).  Deficits were recorded, in billions of
dollars, with China -$7.6 (-$7.2), Japan -$7.5 (-$6.3), Western Europe
-$7.2 (-$4.3), Canada -$4.7 (-$4.1), OPEC -$4.5 (-$4.6), Mexico -$2.2
(-$2.3), Korea -$1.2 (-$0.9), Taiwan -$1.0 (-$1.2), and Singapore -$0.1
(-$0.1).

Advanced technology products (ATP) exports were $18.1 billion in July and
imports were $18.5 billion, resulting in a deficit of $0.4 billion.  July
exports were $2.1 billion less than the $20.3 billion in June, while imports
were $0.5 billion less than the $19.0 billion in June.

Revisions
     
Goods carry-over in July was $1.2 billion (2.0 percent) for exports and
$0.9 billion (0.9 percent) for imports.  For June, revised export carry-over
was $0.4 billion (0.6 percent), revised down from $1.1 billion (1.6 percent).
For June, revised import carry-over was $0.2 billion (0.2 percent), revised
down from $0.8 billion (0.8 percent).

Services exports and imports for January through June 2000 were revised to
incorporate revisions to BEA's quarterly U.S. international transactions
accounts, which were released September 13 (see page 29 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 $0.5 billion to $24.5 billion; the revision was
mostly accounted for by upward revisions in travel and royalties and license
fees.  Services imports for June were revised down $0.3 billion to $17.5
billion; the revision was mostly accounted for by downward revisions in other
private services and royalties and license fees.


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-00-149), Bureau of the Census, Foreign Trade
        Division, July 2000.  For more information, contact Haydn R. 
        Mearkle (301-457-2246) or Nick Orsini (301-457-2311), Foreign 
        Trade Division.           
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