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. Wednesday,
			December 18, 2002                                                 
                                
CB-02-162   
FT-900 (02-10)                                                                  

For information on goods contact:
U.S. Census Bureau:
Haydn R. Mearkle  	(301) 763-2246 
Nick Orsini             (301) 763-2311

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
                           October 2002
Goods and Services

     The U.S. Census Bureau and the Bureau of
Economic Analysis, through the Department of
Commerce, announced today that total October
exports of $82.0 billion and imports of $117.0
billion resulted in a goods and services deficit of
$35.1 billion, $2.0 billion less than the $37.1 billion
in September, revised.  October exports were $0.8
billion less than September exports of $82.8 billion. 
October imports were $2.9 billion less than
September imports of $119.9 billion.

     In October, the goods deficit decreased $1.9
billion from September to $39.4 billion, and the
services surplus increased $0.2 billion to $4.4
billion.  Exports of goods decreased $1.2 billion to
$57.1 billion, and imports of goods decreased $3.0
billion to $96.5 billion.  Exports of services
increased to $24.9 billion from $24.6 billion, and
imports of services increased to $20.5 billion from
$20.4 billion.

Goods
     
     The September to October change in exports of
goods reflected decreases in capital goods ($0.6
billion); industrial supplies and materials ($0.3
billion); foods, feeds, and beverages ($0.2 billion); 
and automotive vehicles, parts, and engines ($0.1
billion).  An increase occurred in consumer goods
($0.1 billion).  Other goods were virtually
unchanged.

     The September to October change in imports of
goods reflected decreases in capital goods ($1.4
billion); consumer goods ($1.3 billion);
automotive vehicles, parts, and engines ($0.9
billion); foods, feeds, and beverages ($0.2
billion); and other goods ($0.1 billion).  An
increase occurred in industrial supplies and
materials ($0.8 billion).


Services
     
     Services exports increased $0.3 billion from
September to October.  The increase was mostly
accounted for by increases in other private services
(which includes items such as business, professional,
and technical services; insurance services; and
financial services) and travel.  Changes in other
categories of services exports were small.
     
     Services imports increased $0.2 billion from
September to October.  Other transportation (which
includes freight and port expenditures services) and
travel accounted for most of the increase.  Changes in
other categories of services imports were small.


Goods and Services Moving Average 

     For the three months ending in October, exports of
goods and services averaged $82.7 billion, while
imports of goods and services averaged $119.4
billion, resulting in a average trade deficit of $36.8
billion.  For the three months ending in September,
the average trade deficit was $36.8 billion, reflecting
average exports of $83.1 billion and average imports
of $119.9 billion.


     

Selected Not Seasonally Adjusted Goods Details 
     
     The October figures showed surpluses, in billions
of dollars, with Australia $0.6 (for September $0.5),
Singapore $0.3 (deficit of $0.1), Hong Kong $0.1
($0.3), and Egypt $0.1 ($0.1).       Deficits were recorded,
in billions of dollars, with China $9.5 ($10.3), Western 
Europe $8.7 ($7.0), Japan $6.5 ($5.9), Canada $4.3 ($4.6),
OPEC $3.6 ($2.9), Mexico $3.5 ($3.0), Taiwan
$1.1 ($1.2), Korea $1.1 ($1.1), Brazil $0.5 ($0.4),
and Argentina $0.1 ($0.1).

     Advanced technology products (ATP) exports
were $15.7 billion in October and imports were
$17.5 billion, resulting in a deficit of $1.8 billion. 
October exports were $0.8 billion more than the
$14.8 billion in September, while imports were
$0.4 billion more than the $17.1 billion in
September.

Revisions
     
     Goods carry-over in October was $0.3 billion
(0.5 percent) for exports and $0.7 billion (0.7
percent) for imports.  For September, revised
export carry-over was $0.2 billion (0.3 percent),
revised down from $0.5 billion (0.9 percent).  For
September, revised import carry-over was $0.1
billion (0.1 percent), revised down from $1.1
billion (1.1 percent).

     Services exports and imports for April through
September 2002 were revised to incorporate
revisions to BEA's quarterly U.S. international
transactions accounts, which were released
December 12 (see page 30 for the monthly revision
policy).  The revised quarterly and monthly estimates
are based on more complete source data than were
available previously.  For services exports, the
largest revisions over the entire period were in other
private services, royalties and license fees, and
travel.  For services imports, the largest revisions
over the entire period were in royalties and license
fees and other private services. 

     Services exports for September were revised up
$0.7 billion to $24.6 billion.  The revision was
mostly accounted for by upward revisions in other
private services and royalties and license fees. 
Services imports for September were revised up $0.3
billion to $20.4 billion.  The revision was more than
accounted for by upward revisions in royalties and
license fees and other private services.

Note:  Ports located on the west coast of the United States 
were closed the last two days of September and first eight 
days of October due to a labor dispute.  The impact cannot 
be separately identified in the sourcedata.

Scheduled release dates through February 2004 are located on 
page 30
                                
                                
                                
                       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
