


                        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,
April 18, 2001                                    
                                
CB-01-72 Press Copy 
FT-900 (01-02) 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
                                February 2001

Goods and Services

The Bureau of the Census and the Bureau of Economic Analysis, through the
Department of Commerce, announced today that total February  exports of
$90.5 billion and imports of $117.4 billion resulted in a goods and
services deficit of $27.0 billion, $6.3 billion less than the $33.3 billion
in January, revised.  February exports were $0.9 billion more than January
exports of $89.6 billion.  February imports were $5.4 billion less than
January imports of $122.8 billion.  

In February, the goods deficit decreased $6.1 billion from January to $33.4
billion, and the services surplus increased $0.1 billion to $6.4 billion.
Exports of goods increased to $65.2 billion from $64.6 billion, and imports
of goods decreased to $98.6 billion from $104.1 billion.  Exports of
services increased to $25.2 billion from $25.0 billion, and imports of
services increased $0.1 billion to $18.8 billion.

Goods
     
The January to February change in exports of goods reflected increases in
industrial supplies and materials ($0.3 billion); capital goods ($0.1
billion); consumer goods ($0.1 billion); and foods, feeds, and beverages
($0.1 billion).  Decreases occurred in automotive vehicles, parts, and
engines ($0.1 billion) and other goods ($0.1 billion).
 
The January to February change in imports of goods reflected decreases in
consumer goods ($1.9 billion); industrial supplies and materials ($1.8
billion); capital goods ($1.3 billion); foods, feeds, and beverages
($0.2 billion); other goods ($0.2 billion); and automotive vehicles, parts,
and engines ($0.1 billion).

Services
     
Services exports increased $0.2 billion from January to February, mostly
reflecting an increase in other private services (which includes items such
as business, professional, and technical services and financial services).
Changes in the other categories of services exports were small. 

Services imports increased $0.1 billion from January to February as
increases in travel, passenger fares, and other private services were
partly offset by a decrease in other transportation.

Goods and Services Moving Average 

For the three months ending in February, exports of goods and services
averaged $89.7 billion, while imports of goods and services averaged
$120.9 billion, resulting in an average trade deficit of $31.1 billion.
For the three months ending in January, the average trade deficit was
$33.1 billion, reflecting average exports of $89.9 billion and average
imports of $123.0 billion.

Selected Not Seasonally Adjusted Goods Details 

The February figures showed surpluses, in billions of dollars, with
Hong Kong $0.5 (for January $0.1), Australia $0.5 ($0.3), Singapore
$0.2 (-$0.1), Egypt $0.2 ($0.1), Argentina $0.1 ($0.1), and Brazil $0.1
($0.0).  Deficits were recorded, in billions of dollars, with Japan  
-$6.1 (-$5.9), China -$5.1 (-$7.2), Canada -$4.5 (-$5.9), OPEC -$3.3
(-$4.2), Western Europe -$3.3 (-$5.6), Mexico -$1.5 (-$2.1), Taiwan 
-$0.8 (-$1.2), and Korea -$0.8 (-$1.4).

Advanced technology products (ATP) exports were $18.1 billion in February
and imports were $16.2 billion, resulting in a surplus of $2.0 billion. 
February exports were $0.3 billion less than the $18.4 billion in January,
while imports were $1.5 billion less than the $17.7 billion in January.

Revisions
     
Goods carry-over in February was $0.6 billion (0.9 percent) for exports and
$0.6 billion (0.7 percent) for imports.  For January, revised export
carry-over was $0.3 billion (0.5 percent), revised down from $0.6 billion
(1.0 percent).  For January, revised import carry-over was $0.4 billion
(0.4 percent), revised down from $1.0 billion (1.0 percent).

Services exports for January were revised up $0.1 billion to $25.0 billion;
the revision was mainly accounted for by small upward revisions in travel
and passenger fares.  Services imports for January were revised up $0.1
billion to $18.8 billion; the revision was more than accounted for by small
upward revisions in travel and passenger fares.




                            Table of Contents

                             February  2001

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-01-72), Bureau of the Census, Foreign Trade
        Division, February  2001.  For more information, contact Haydn R. 
        Mearkle (301-457-2246) or Nick Orsini (301-457-2311), Foreign 
        Trade Division.           


                         



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