                    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. Tuesday,
December 19, 2000                                       
                                
CB-00-213 Press Copy 
FT-900 (00-10) 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
                           October 2000

Goods and Services

The Bureau of the Census and the Bureau of Economic Analysis, through the
Department of Commerce, announced today that total October exports of $91.2
billion and imports of $124.4 billion resulted in a goods and services
deficit of $33.2 billion, $0.6 billion less than the $33.7 billion in
September, revised.  October exports were $1.4 billion less than September
exports of $92.7 billion.  October imports were $2.0 billion less than
September imports of $126.4 billion.  

In October, the goods deficit increased $0.2 billion from September to $39.5
billion, and the services surplus increased $0.7 billion to $6.3 billion.
Exports of goods decreased to $66.4 billion from $67.8 billion, and imports
of goods decreased to $105.9 billion from $107.2 billion.  Exports of
services were virtually unchanged at $24.8 billion, and imports of services
decreased to $18.5 billion from $19.2 billion.

Goods
     
The September to October change in exports of goods reflected decreases in
capital goods ($0.5 billion); consumer goods ($0.4 billion); industrial
supplies and materials ($0.2 billion); and foods, feeds, and beverages
($0.1 billion).  An increase occurred in automotive vehicles, parts, and
engines ($0.1 billion).  Other goods were virtually unchanged.
 
The September to October change in imports of goods reflected decreases in
industrial supplies and materials ($0.5 billion); capital goods ($0.5
billion); other goods ($0.1 billion); foods, feeds, and beverages ($0.1
billion); and automotive vehicles, parts, and engines ($0.1 billion).  An
increase occurred in consumer goods ($0.1 billion).

Services
     
Services exports in October were virtually the same as in September, as a
decrease in travel was nearly offset by an increase in other private
services.  Changes in the other categories of services exports were small.

Services imports decreased $0.7 billion from September to October, mostly
reflecting a decrease in royalties and license fees.  Royalties and license
fees had been boosted in September by payments for broadcast rights for the
2000 Summer Olympic Games.  Changes in the other categories of services
imports were small.

Goods and Services Moving Average 

For the three months ending in October, exports of goods and services
averaged $92.3 billion, while imports of goods and services averaged
$124.6 billion, resulting in an average trade deficit of $32.3 billion.
For the three months ending in September, the average trade deficit was
$31.9 billion, reflecting average exports of $91.7 billion and average
imports of $123.6 billion.


Selected Not Seasonally Adjusted Goods Details 

The October figures showed surpluses, in billions of dollars, with Australia
$0.5 (for September $0.4), Brazil $0.5 ($0.3), Hong Kong $0.3 ($0.1), Egypt
$0.3 ($0.2), and Argentina $0.1 ($0.1).  Deficits were recorded, in billions
of dollars, with China -$9.1 (-$8.7), Japan -$8.4 (-$6.1), Western Europe
-$6.1 (-$4.4), Canada -$4.7 (-$4.5), OPEC -$4.3 (-$4.2), Mexico -$2.4
(-$2.7), Taiwan -$1.6 (-$1.7), and Korea -$1.4 (-$1.2).

Advanced technology products (ATP) exports were $20.5 billion in October and
imports were $21.4 billion, resulting in a deficit of $0.9 billion.  October
exports were $0.4 billion more than the $20.1 billion in September, while
imports were $0.2 billion more than the $21.2 billion in September.

Revisions
     
Goods carry-over in October was $1.1 billion (1.6 percent) for exports and
$0.7 billion (0.6 percent) for imports.  For September, revised export
carry-over was $0.3 billion (0.4 percent), revised down from $0.5 billion
(0.7 percent).  For September, revised import carry-over was $0.3 billion
(0.3 percent), revised down from $1.1 billion (1.0 percent).

Services exports and imports for April through September 2000 were revised
to incorporate revisions to BEA's quarterly U.S. international transactions
accounts, which were released December 14 (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 September were revised down $0.2 billion to $24.8 billion; the revision
was more than accounted for by downward revisions in other private services
and royalties and license fees.  Services imports for September were revised
up $0.1 billion to $19.2 billion; the revision was mostly accounted for by
an upward revision in travel.  

Scheduled Release Dates In 2001 are Located on Page 29


                        Table of Contents

                          October  2000


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-00-213), Bureau of the Census, Foreign Trade
        Division, October 2000.  For more information, contact Haydn R. 
        Mearkle (301-457-2246) or Nick Orsini (301-457-2311), Foreign 
        Trade Division.           


                         
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