



                         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,
August 17, 2001                                              
                                
CB-01-138 Press Copy 
FT-900 (01-06)

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
                                    August 2001

Goods and Services

The Bureau of the Census and the Bureau of Economic Analysis, through the
Department of Commerce, announced today that total June exports of $86.0
billion and imports of $115.4 billion resulted in a goods and services
deficit of $29.4 billion, $0.9 billion more than the $28.5 billion in May,
revised.  June exports were $1.7 billion less than May exports of $87.7
billion.  June imports were $0.8 billion less than May imports of $116.2
billion.

In June, the goods deficit increased $1.2 billion from May to $35.7 billion,
and the services surplus increased $0.3 billion to $6.3 billion.  Exports of
goods decreased to $60.8 billion from $62.8 billion, and imports of goods
decreased to $96.5 billion from $97.3 billion.  Exports of services increased
to $25.1 billion from $24.9 billion, and imports of services were virtually
the same as in May.

Goods
     
The May to June change in exports of goods reflected decreases in capital
goods ($1.2 billion); consumer goods ($0.8 billion); industrial supplies
and materials ($0.4 billion); and foods, feeds, and beverages ($0.1 billion).
Increases occurred in automotive vehicles, parts, and engines ($0.3 billion)
and other goods ($0.2 billion).
 
The May to June change in imports of goods reflected decreases in industrial
supplies and materials ($0.7 billion); capital goods ($0.3 billion); and
other goods ($0.2 billion).  Increases occurred in automotive vehicles, parts,
and engines ($0.4 billion); foods, feeds, and beverages ($0.2 billion); and
consumer goods ($0.1 billion).
 
Services
     
Services exports increased $0.3 billion from May to June, mostly reflecting
increases in travel and passenger fares.  Changes in the other categories of
services exports were small and nearly offsetting.

Services imports in June were virtually the same as in May.  Decreases in
other transportation and other private services (which includes items such
as business, professional, and technical services and financial services)
were mostly offset by increases in passenger fares and travel.

Goods and Services Moving Average 

For the three months ending in June, exports of goods and services averaged
$86.9 billion, while imports of goods and services averaged $116.8 billion,
resulting in an average trade deficit of $30.0 billion.  For the three months
ending in May, the average trade deficit was $31.2 billion, reflecting
average exports of $87.8 billion and average imports of $119.0 billion.

Selected Not Seasonally Adjusted Goods Details 

The June figures showed surpluses, in billions of dollars, with Brazil $0.4
(for May $0.2), Hong Kong $0.4 ($0.4), Australia $0.4 ($0.4), Singapore
$0.3 ($0.3), Argentina $0.1 ($0.1), and Egypt $0.1 ($0.2).  Deficits were
recorded, in billions of dollars, with China -$6.6 (-$6.1), Japan -$5.0
(-$4.8), Western Europe -$4.5 (-$4.6), Canada -$4.4 (-$5.0), OPEC -$3.6
(-$4.1), Mexico -$3.1 (-$2.7), Taiwan -$1.5 (-$1.3), and Korea -$1.1
(-$1.1).

Advanced technology products (ATP) exports were $17.7 billion in June and
imports were $16.6 billion, resulting in a surplus of $1.1 billion.  June
exports were $0.5 billion more than the $17.2 billion in May, while imports
were $1.3 billion more than the $15.3 billion in May.

Revisions
     
Goods carry-over in June was $0.3 billion (0.5 percent) for exports and
$0.7 billion (0.7 percent) for imports.  For May, revised export carry-over
was $0.1 billion (0.2 percent), revised down from $0.3 billion (0.5 percent).
For May, revised import carry-over was $0.1 billion (0.1 percent), revised
down from $0.5 billion (0.5 percent).

Services exports for May were virtually unrevised at $24.9 billion.  Services
imports for May were virtually unrevised at $18.9 billion.
                     
    
                                

                              Table of Contents

                                 August 2001
                                                                                   June  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-01-138), Bureau of the Census, Foreign Trade
        Division, June 2001.  For more information, contact Haydn R. 
        Mearkle (301-457-2246) or Nick Orsini (301-457-2311), Foreign 
        Trade Division.           


                         
                                 


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