


                              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. Friday,
July 19, 2002                                
                                
CB-02-96 Press Copy 
FT-900 (02-05)               

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
                                           May 2002


Goods and Services

The U.S. Census Bureau and the Bureau of Economic Analysis, through the 
Department of Commerce, announced today that total May exports of $80.6 billion 
and imports of $118.3 billion resulted in a goods and services deficit of $37.6 
billion, $1.5 billion more than the $36.1 billion in April, revised.  May exports 
were $0.6 billion more than April exports of $80.0 billion.  May imports were 
$2.1 billion more than April imports of $116.2 billion.  

In May, the goods deficit increased $1.4 billion from April to $41.5 billion, and 
the services surplus decreased $0.1 billion to $3.9 billion.  Exports of goods 
increased to $57.3 billion from $56.8 billion, and imports of goods increased to 
$98.8 billion from $97.0 billion.  Exports of services increased to $23.4 billion 
from $23.2 billion, and imports of services increased to $19.5 billion from $19.2 
billion.

Goods
     
The April to May change in exports of goods reflected increases in other goods 
($0.2 billion); capital goods ($0.1 billion); industrial supplies and materials 
($0.1 billion); foods, feeds, and beverages ($0.1 billion); and automotive vehicles, 
parts, and engines ($0.1 billion).  A decrease occurred in consumer goods ($0.2 
billion).
 
The April to May change in imports of goods reflected increases in automotive 
vehicles, parts, and engines ($0.9 billion); consumer goods ($0.6 billion); capital 
goods ($0.2 billion); 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 April to May.  Increases 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 a decrease in transfers under U.S. military sales contracts.  
Changes in the other categories of services exports were small.

Services imports increased $0.3 billion from April to May.  The increase was more 
than accounted for by increases in travel, other private services, and other 
transportation.  Changes in the other categories of services imports were small. 

Goods and Services Moving Average 

For the three months ending in May, exports of goods and services averaged $79.7 
billion, while imports of goods and services averaged $115.1 billion, resulting in 
an average trade deficit of $35.4 billion.  For the three months ending in April, 
the average trade deficit was $33.8 billion, reflecting average exports of $78.7 
billion and average imports of $112.5 billion.

Selected Not Seasonally Adjusted Goods Details 

The May figures showed surpluses, in billions of dollars, with Australia $0.6 
(for April $0.4), Hong Kong $0.3 ($0.4), and Egypt $0.1 ($0.2).  Deficits were 
recorded, in billions of dollars, with Western Europe $8.4 ($7.2), China $8.1 
($7.6), Japan $4.9 ($6.8), Canada $4.2 ($4.1), Mexico $3.3 ($3.3), OPEC $2.4 ($3.0),
Taiwan $1.1 ($1.2), Korea $1.0 ($1.1), Brazil $0.3 ($0.1), Argentina $0.1 ($0.1),
and Singapore $0.1 (surplus of $0.1).

Advanced technology products (ATP) exports were $14.7 billion in May and imports 
were $15.6 billion resulting in a deficit of $0.9 billion.  May exports were $0.3 
billion more than the $14.4 billion in April, while imports were $0.1 billion
more than the $15.5 billion in April.

Revisions
     
Goods carry-over in May was $0.3 billion (0.5 percent) for exports and $1.2 billion 
(1.2 percent) for imports.  For April, revised export carry-over was virtually zero, 
revised down from $0.2 billion (0.3 percent).  For April, revised import carry-over
was $0.1 billion (0.1 percent), revised down from $0.5 billion (0.5 percent).

Services exports for April were virtually unrevised at $23.2 billion.  Services 
imports for April were also virtually unrevised at $19.2 billion.
                         
                                                                 
      
 
                               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-02-96), Bureau of the Census, Foreign Trade
        Division, May 2002.  For more information, contact Haydn R. 
        Mearkle (301-457-2246) or Nick Orsini (301-457-2311), Foreign 
        Trade Division.           


                         
                                 


