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

                                  ECONOMICS
                                     AND
                                  STATISTICS
                                ADMINISTRATION
                                 ------------
                             Bureau of the Census
                          Bureau of Economic Analysis                  
                                                                                        
                                
                          
                                  CB-01-105
                                  FT-900 (01)
                                      
                                 June 21, 2001


For information on goods contact:
Haydn R. Mearkle       (301) 457-2246 Bureau of the Census 
Nick Orsini            (301) 457-2311 Bureau of the Census
                                
For information on services contact:
Media: Larry Moran             (202) 606-2649 Bureau of Economic Analysis 
Technical: Christopher Bach    (202) 606-9545 Bureau of Economic Analysis                                                                                                                                                                                                                                                                                                                                   
                                      
                                
                                
                U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES

                          Annual Revision for 2000
                     
                                                       
                                   NOTICE

In this release, the Bureau of the Census and the Bureau of Economic Analysis
(BEA) are jointly publishing revised data on U.S. international trade in goods
and services for 1992-2000.  The data for 1999-2000 in this release are also
reflected in today's joint release of "U.S. International Trade in Goods and
Services: April 2001," and today's BEA release of U.S. International
Transactions: First Quarter 2001.  More detailed information on U.S.
international transactions, which were revised for 1989-2000, will be
available on BEA's website <www.bea.doc.gov> approximately one week after
this release and in the July issue of the Survey of Current Business.

Goods

The 2000 unadjusted Census-basis goods data were revised to eliminate
"carry-over" (that portion of the monthly statistics that arrives too late
for inclusion in the transaction month) and to include errata (corrections
to the published monthly data).  Once these corrections were completed,
factors for seasonal adjustments and trading-day adjustments were recomputed,
and the seasonally adjusted current-dollar series were revised for 1989-2000
and the first quarter of 2001.  Similar changes were made to the constant-
dollar series, which were revised for 1998-2000 and the first quarter of 2001.    

Several additional changes were made to improve the consistency of the
current-dollar series from 1989-2000 and the first quarter of 2001.  First,
cellular phones were reclassified to consumer goods and off-the-road
construction vehicles were reclassified to capital goods and the
reclassifications were carried back to 1989; these changes have a large
impact on individual end-use commodity categories in 1998-2000, but their
impact in earlier years is small.  Other end-use reclassifications made in
January 2001 were also carried back to 1989.  Second, the methodological
change to adjust series for trading day variation at the 5-digit end-use
level, first introduced last year for 1997-2000, is now applied to 1989-1996.
This change allows a consistent application of trading-day and seasonal
factors to the most detailed level of unadjusted data available.  Third,
estimates of the balance of payments adjustments to the Census-basis data
were improved for 1989-2000; the changes are largest for 1997 and for
1989-1991, and are very small in other years.

Services

Revisions to the services accounts resulted from the incorporation of results
from BEA's quarterly and annual surveys, from BEA's Benchmark Survey of
Foreign Direct Investment in the United States for 1997, and from other newly
available and updated source data.  The estimates of travel exports included
significant revisions in the second half of 2000.  The estimates of other
private services imports included significant revisions to business,
professional, and technical services for 1999-2000.  The estimates of other
private services payments included significant revisions to insurance for
1999-2000.





                              Table of Contents
                                 Apri1 2001

                            
Seasonally Adjusted

Exhibit 1  U.S. International Trade in Goods and Services. . . ..........1

Exhibit 2  U.S. Services by Major Category--Exports. . . . . . ..........2

Exhibit 3  U.S. Services by Major Category--Imports. . . . . . ..........3

Exhibit 4  U.S. Trade in Goods . . . . . . . . . . . . . . . . ..........4

Exhibit 5  Exports of Goods by Principal End-Use Category. . . ..........5

Exhibit 5a Imports of Goods by Principal End-Use Category . . ...........6

Exhibit 6  Exports of Goods by End-Use Category and Commodity  ..........7

Exhibit 7  Imports of Goods by End-Use Category and Commodity. ..........9

Exhibit 8  Petroleum and Non-Petroleum End-Use Category Totals .........11

Exhibit 9  Exports of Goods by Principle End-Use
           Category (1996 Constant Dollars). . . . . ...................12

Exhibit 9a Imports of Goods by Principle End-Use 
           Category (1996 Constant Dollars). . . . . . . . . . .........13

Exhibit 10 Exports, Imports, and Balance of Goods, Petroleum and Non-
           Petroleum End-Use Commodity Category Totals
           (1996 Constant Dollars)......................................14

Not Seasonally Adjusted

Exhibit 11  U.S. Trade in Goods. . . . . . . . . . . . . . . . .........15

Exhibit 12  Exports of Goods by Principal End-Use Category . . .........16

Exhibit 12a Imports of Goods by Principal End-Use Category. . ..........17

Exhibit 13  Exports, Imports, and Trade Balance by Country and Area,
            Not Seasonally Adjusted - 2000 . . . . . . . . . . .........18

Exhibit 14  Exports and Imports of Goods by Principal SITC
            Commodity Groupings.........................................43

Exhibit 15  Exports, Imports, and Balance of Advanced Technology
            Products....................................................51

Exhibit 16  Imports of Energy - Related Petroleum Products,  
            Including Crude Petroleum . . . . . . . . . . . . ......... 52

Exhibit 17  Exports and Imports of Motor Vehicles and Parts by
            Selected Countries - 2000 ..................................53

1992 through 1997 Revisions

Exhibit 18  U.S. International Trade in Goods and Services . . .........59

Exhibit 19  U.S. Services by Major Category - Exports. . . . . .........61

Exhibit 20  U.S. Services by Major Category - Imports  . . . . .........63


                   




SOURCE: Report FT900 (01) (CB-01-105), Bureau of the Census, Foreign Trade
        Division, FINAL 2000. For more information, contact Haydn R. 
        Mearkle (301-457-2246) or Nick Orsini (301-457-2311), 
        Foreign Trade Division.

