


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

                                       ECONOMICS
                                          AND
                                      STATISTICS
                                    ADMINISTRATION
                                     ------------
                                  U.S. Census Bureau
                             Bureau of Economic Analysis
                                                                                                                                                                                                                                                                                                            
                                
                                
This release contains sensitive economic data not to be released before 
8:30 a.m. Thursday,
June 20, 2002                                     
                                
CB-02-79 Press Copy 
FT-900 (02-04)      

For information on goods contact:
U.S. Census Bureau:
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
                                    April 2002 

Goods and Services

The U.S. Census Bureau and the Bureau of Economic Analysis, through the 
Department of Commerce, announced today that total April exports of $80.1 
billion and imports of $116.0 billion resulted in a goods and services 
deficit of $35.9 billion, $3.5 billion more than the $32.5 billion in 
March, revised.  April exports were $1.7 billion more than March exports 
of $78.4 billion.  April imports were $5.2 billion more than March imports 
of $110.9 billion.  

In April, the goods deficit increased $3.3 billion from March to $39.9 
billion, and the services surplus decreased $0.2 billion to $4.0 billion.  
Exports of goods increased to $56.9 billion from $55.0 billion, and imports 
of goods increased to $96.8 billion from $91.6 billion.  Exports of services 
decreased to $23.2 billion from $23.4 billion, and imports of services
decreased to $19.2 billion from $19.3 billion.

Goods
     
The March to April change in exports of goods reflected increases in 
industrial supplies and materials ($0.8 billion); automotive vehicles, parts,  
and engines ($0.4 billion); consumer goods ($0.3 billion); and other goods 
($0.1 billion).   Capital goods and foods, feeds, and beverages were 
virtually unchanged.  
 
The March to April change in imports of goods reflected increases in 
industrial supplies and materials ($3.0 billion); consumer goods ($1.3
billion); automotive vehicles, parts, and engines ($0.8 billion); capital 
goods ($0.4 billion); and foods, feeds, and beverages ($0.1 billion).  A
decrease occurred in other goods ($0.3 billion).      

Services
     
Services exports decreased $0.2 billion from March to April.  Decreases in 
travel, passenger fares, and other private services (which includes items 
such as business, professional, and technical services, insurance services, 
and financial services) were partly offset by an increase in transfers under
U.S. military sales contracts.  Changes in the other categories of services 
exports were small.

Services imports decreased $0.1 billion from March to April.  The decrease 
was more than accounted for by decreases in travel and passenger fares.  
Changes in the other categories of services imports were small. 

Goods and Services Moving Average 

For the three months ending in April, exports of goods and services averaged 
$78.7 billion, while imports of goods and services averaged $112.4 billion, 
resulting in an average trade deficit of $33.8 billion.  For the three months 
ending in March, the average trade deficit was $31.6 billion, reflecting
average exports of $77.9 billion and average imports of $109.5 billion.

Selected Not Seasonally Adjusted Goods Details 

The April figures showed surpluses, in billions of dollars, with Australia 
$0.4 (for March $0.6), Hong Kong $0.4 ($0.5), Egypt $0.2 ($0.3), and
Singapore $0.1 ($0.5).  Deficits were recorded, in billions of dollars, with 
China $7.6 ($5.6), Western Europe $7.2 ($5.5), Japan $6.8 ($5.7), Canada 
$4.1 ($3.9), Mexico $3.3 ($3.5), OPEC $3.0 ($2.4), Taiwan $1.2 ($0.9), 
Korea $1.1 ($1.1), Argentina $0.1 ($0.1), and Brazil $0.1 (virtually zero).

Advanced technology products (ATP) exports were $14.4 billion in April and 
imports were $15.5 billion resulting in a deficit of $1.1 billion.  April
exports were $2.6 billion less than the $17.0 billion in March, while imports 
were $0.7 billion less than the $16.2 billion in March.

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

Goods and services exports and imports for the month of March and for all 
months shown in this release reflect the incorporation of annual revisions 
to the U.S. international transactions accounts.  See the "Notice" in this 
release for a description of the major revisions to goods and services exports 
and imports.
                                                                        
          

                                 NOTICE
      
In this release and the accompanying "U.S. International Trade in Goods and 
Services:  Annual Revision for 2001," the Census Bureau and the Bureau of 
Economic Analysis (BEA) are jointly publishing revised data on U.S. trade in 
goods for 1999-2001 and the first three months of 2002 and revised data for 
services for 1998-2001 and the first three months of 2002.  The data in these 
releases are also reflected in today's BEA release of "U.S. International 
Transactions: First Quarter 2002."  More detailed information on U.S.
international transactions is available on BEA's Web site at www.bea.gov and 
in the July issue of the Survey of Current Business.  
 
Goods

The 2001 not seasonally adjusted 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 1999-2001 and the first three months of 2002.  Similar changes were made 
to the constant-dollar series, which were also revised for 1999-2001 and the 
first three months of 2002.    

Services

The services estimates were revised for 1998-2001 and the first three months 
of 2002.  The revisions resulted from the incorporation of results from BEA's 
annual and quarterly surveys, from BEA's Benchmark Survey of Selected Services 
Transactions for 2001 (covering mainly business, professional, and technical 
services), and from other newly available and updated source data.  The 
estimates for other private services exports and for other private services 
imports included significant revisions to business, professional, and
technical services in 2000 and 2001, and to insurance in 2001.  The revisions 
in 2001 largely reflected new data reported on BEA annual surveys for 
construction services (which are a component of business, professional, and 
technical services) and for insurance.  These estimates had previously been 
based largely on press reports and other industry information.

                       

                                  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-02-79), Bureau of the Census, Foreign Trade
        Division, April 2002.  For more information, contact Haydn R. 
        Mearkle (301-457-2246) or Nick Orsini (301-457-2311), Foreign 
        Trade Division.           


                         
                                 


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