                          


                             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. Tuesday, 
August 20, 2002                                              
                                
CB-02-108 Press Copy 
FT-900 (02-06)

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
                                         June 2002

Goods and Services

The U.S. Census Bureau and the Bureau of Economic Analysis, through the 
Department of Commerce, announced today that total June exports of $82.0 
billion and imports of $119.2 billion resulted in a goods and services 
deficit of $37.2 billion, $0.7 billion less than the $37.8 billion in May, 
revised.  June exports were $1.3 billion more than May exports of $80.7 
billion.  June imports were $0.7 billion more than May imports of $118.5 
billion.

In June, the goods deficit decreased $0.9 billion from May to $40.8 billion, 
and the services surplus decreased $0.2 billion to $3.6 billion.  Exports of
goods increased to $58.5 billion from $57.3 billion, and imports of goods 
increased to $99.3 billion from $99.0 billion.  Exports of services increased 
to $23.5 billion from $23.4 billion, and imports of services increased to 
$19.9 billion from $19.5 billion.

Goods
     
The May to June change in exports of goods reflected increases in capital goods 
($0.9 billion); foods, feeds, and beverages ($0.3 billion); consumer goods 
($0.3 billion); and industrial supplies and materials ($0.1 billion).  Decreases
occurred in other goods ($0.3 billion) and automotive vehicles, parts, and engines 
($0.1 billion).
 
The May to June change in imports of goods reflected increases in consumer goods 
($0.6 billion); other goods ($0.3 billion); and capital goods ($0.3 billion).  
Decreases occurred in automotive vehicles, parts, and engines ($0.5 billion) and 
industrial supplies and materials ($0.3 billion).  Foods, feeds, and beverages 
were virtually unchanged. 
     
Services
     
Services exports increased $0.2 billion from May to June.  The increase was 
mostly accounted for by an increase in travel.  Changes in the other categories 
of services exports were small.

Services imports increased $0.4 billion from May to June.  More than half of 
the increase was accounted for by an increase in royalties and license fees.  
Changes in the other categories of services imports were small.

Goods and Services Moving Average 

For the three months ending in June, exports of goods and services averaged $80.9 
billion, while imports of goods and services averaged $118.0 billion, resulting 
in an average trade deficit of $37.0 billion.  For the three months ending in May, 
the average trade deficit was $35.5 billion, reflecting average exports of $79.7 
billion and average imports of $115.2 billion.

Selected Not Seasonally Adjusted Goods Details 

The June figures showed surpluses, in billions of dollars, with Australia $0.6 
(for May $0.6), Singapore $0.5 (deficit of $0.1), and Hong Kong $0.4 ($0.3).  
Deficits were recorded, in billions of dollars, with China $8.5 ($8.1), Western 
Europe $7.1 ($8.4), Japan $5.3 ($4.9), Canada $3.4 ($4.2), Mexico $3.2 ($3.3), 
OPEC $2.9 ($2.4), Taiwan $1.1 ($1.1), Korea $0.8 ($1.0), Brazil $0.3 ($0.3),
Egypt $0.3 (surplus of $0.1), and Argentina $0.1 ($0.1).

The deficit in advanced technology products (ATP)  decreased from $0.9 billion in 
May to $0.1 billion in June.  Exports increased $1.8 billion from May to $16.5 
billion, while imports increased $1.0 billion from May to $16.5 billion.

Revisions
     
Goods carry-over in June was $0.4 billion (0.7 percent) for exports and $1.0 
billion (1.0 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 $0.6 billion (0.6 percent), revised down from $1.2 
billion (1.2 percent).

Services exports for May were virtually unrevised at $23.4 billion.  Services 
imports for May were also virtually unrevised at $19.5 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-02-108), Bureau of the Census, Foreign Trade
        Division, June 2002.  For more information, contact Haydn R. 
        Mearkle (301-457-2246) or Nick Orsini (301-457-2311), Foreign 
        Trade Division.           


                         
                                 


