

                           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,
October 19, 2001                                                   
                                
CB-01-171 Press Copy 
FT-900 (01-08)

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 August exports of $84.5
billion and imports of $111.6 billion resulted in a goods and services
deficit of $27.1 billion, $2.1 billion less than the $29.2 billion in July,
revised.  August exports were $0.9 billion more than July exports of $83.6
billion.  August imports were $1.2 billion less than July imports of $112.8
billion.

In August, the goods deficit decreased $2.0 billion from July to $33.8
billion, and the services surplus was virtually unchanged at $6.7 billion. 
Exports of goods increased to $59.5 billion from $58.7 billion, and imports
of goods decreased to $93.3 billion from $94.5 billion.  Exports of services
increased to $25.0 billion from $24.9 billion, and imports of services
increased to $18.3 billion from $18.2 billion.

Goods
     
The July to August change in exports of goods reflected increases in
industrial supplies and materials ($0.5 billion); automotive vehicles, parts,
and engines ($0.5 billion); foods, feeds, and beverages ($0.2 billion); and
other goods ($0.1 billion).  Decreases occurred in capital goods ($0.6
billion) and consumer goods ($0.2 billion).
 
The July to August change in imports of goods reflected decreases in
industrial supplies and materials ($0.9 billion); capital goods ($0.4
billion); consumer goods ($0.3 billion); other goods ($0.2 billion); and
foods, feeds, and beverages ($0.1 billion).  An increase occurred in
automotive vehicles, parts, and engines ($0.6 billion).

Services
     
Services exports increased $0.1 billion from July to August.  The increase
was more than accounted for by increases in travel and passenger fares.
Changes in the other categories of services exports were small and nearly
offsetting.

Services imports increased $0.1 billion from July to August, reflecting small
increases in most services categories.

Goods and Services Moving Average 

For the three months ending in August, exports of goods and services averaged
$84.7 billion, while imports of goods and services averaged $113.1 billion,
resulting in an average trade deficit of $28.5 billion.  For the three months
ending in July, the average trade deficit was $28.8 billion, reflecting
average exports of $85.7 billion and average imports of $114.5 billion.

Selected Not Seasonally Adjusted Goods Details 

The August figures showed surpluses, in billions of dollars, with Australia
$0.3 (for July $0.3), Hong Kong $0.3 ($0.2), Egypt $0.2 ($0.3), Singapore
$0.2 ($0.2), Brazil $0.1 ($0.2), and Argentina $0.1 ($0.1).  Deficits were
recorded, in billions of dollars, with China -$8.1 (-$7.5), Japan -$5.4
(-$5.9), Western Europe -$5.4 (-$8.6), Canada -$4.4 (-$4.8), OPEC -$3.4
(-$3.6), Mexico -$2.5 (-$2.9), Taiwan -$1.5 (-$1.3), and Korea -$1.0 (-$1.0).

Advanced technology products (ATP) exports were $15.7 billion in August and
imports were $15.2 billion, resulting in a surplus of $0.5 billion.  August
exports were $0.7 billion more than the $15.1 billion in July, while imports
were $1.3 billion less than the $16.5 billion in July.

Revisions
     
Goods carry-over in August was $0.2 billion (0.3 percent) for exports and
$0.7 billion (0.7 percent) for imports.  For July, revised export carry-over
was $0.3 billion (0.5 percent), revised down from $0.5 billion (0.9 percent).
For July, revised import carry-over was $0.1 billion (0.1 percent), revised
down from $0.4 billion (0.4 percent).

Services exports for July were virtually unrevised at $24.9 billion.  Services
imports for July were revised down $0.1 billion, to $18.2 billion, reflecting
downward revisions in other private services (which includes items such as
business, professional, and technical services and financial services) and
travel.

  

                             Table of Contents

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-01-171), Bureau of the Census, Foreign Trade
        Division, August 2001.  For more information, contact Haydn R. 
        Mearkle (301-457-2246) or Nick Orsini (301-457-2311), Foreign 
        Trade Division.           


                         
                                 


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