


                         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. Friday,
May 18, 2001                                  
                                
CB-01-84 Press Copy 
FT-900 (01-03) 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
                                  March 2001

Goods and Services

The Bureau of the Census and the Bureau of Economic Analysis, through the
Department of Commerce, announced today that total March exports of $89.5
billion and imports of $120.6 billion resulted in a goods and services
deficit of $31.2 billion, $4.3 billion more than the $26.9 billion in
February, revised.  March exports were $0.9 billion less than February
exports of $90.4 billion.  March imports were $3.4 billion more than
February imports of $117.2 billion.  

In March, the goods deficit increased $4.4 billion from February to
$37.6 billion, and the services surplus increased $0.1 billion to $6.5
billion.  Exports of goods decreased to $64.1 billion from $65.2 billion,
and imports of goods increased to $101.7 billion from $98.4 billion. 
Exports of services increased to $25.4 billion from $25.2 billion, and
imports of services increased to $18.9 billion from $18.8 billion.

Goods
     
The February to March change in exports of goods reflected decreases in
capital goods ($1.6 billion) and other goods ($0.1 billion).  Increases
occurred in automotive vehicles, parts, and engines ($0.4 billion);
industrial supplies and materials ($0.2 billion); and foods, feeds, and
beverages ($0.2 billion).  Consumer goods were virtually unchanged.
 
The February to March change in imports of goods reflected increases in
consumer goods ($2.8 billion); capital goods ($0.6 billion); and automotive
vehicles, parts, and engines ($0.2 billion).  Decreases occurred in other
goods ($0.1 billion) and foods, feeds, and beverages ($0.1 billion).
Industrial supplies and materials were virtually unchanged.

Services
     
Services exports increased $0.2 billion from February to March, mostly
reflecting increases in travel and passenger fares.  Services imports
increased $0.1 billion from February to March as increases in travel and
passenger fares were partly offset by a decrease in other transportation.

Goods and Services Moving Average 

For the three months ending in March, exports of goods and services averaged
$89.8 billion, while imports of goods and services averaged $120.2 billion,
resulting in an average trade deficit of $30.4 billion.  For the three months
ending in February, the average trade deficit was $31.1 billion, reflecting
average exports of $89.7 billion and average imports of $120.8 billion.

Selected Not Seasonally Adjusted Goods Details 

The March figures showed surpluses, in billions of dollars, with Hong Kong
$0.6 (for February $0.5), Australia $0.5 ($0.5), Egypt $0.4 ($0.2),
Singapore $0.3 ($0.2), Brazil $0.2  ($0.1), and Argentina $0.1 ($0.1).
Deficits were recorded, in billions of dollars, with Japan -$6.2 (-$6.1),
China -$5.7 (-$5.1), Western Europe -$4.7 (-$3.3), Canada -$4.3 (-$4.4),
OPEC -$3.2 (-$3.3), Mexico -$2.8 (-$1.5), Taiwan -$1.5 (-$0.8), and Korea
-$0.9 (-$0.8).

Advanced technology products (ATP) exports were $20.6 billion in March and
imports were $18.6 billion, resulting in a surplus of $2.0 billion.  March
exports were $2.5 billion more than the $18.1 billion in February, while
imports were $2.4 billion more than the $16.2 billion in February.

Revisions
     
Goods carry-over in March was $0.1 billion (0.1 percent) for exports and
$0.4 billion (0.4 percent) for imports.  For February, revised export
carry-over was $0.3 billion (0.5 percent), revised down from $0.6 billion
(0.9 percent).  For February, revised import carry-over was $0.1 billion
(0.1 percent), revised down from $0.6 billion (0.7 percent).

Services exports for February were virtually unrevised at $25.2 billion.
Services imports for February were also virtually unrevised at $18.8
billion.
                  
        

                             Table of Contents                                     
                                 March 2001
                                                                                   March  1995

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-01-84), Bureau of the Census, Foreign Trade
        Division, March  2001.  For more information, contact Haydn R. 
        Mearkle (301-457-2246) or Nick Orsini (301-457-2311), Foreign 
        Trade Division.           


                         
                                 


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