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

                                   ECONOMICS
                                      AND
                                  STATISTICS
                                ADMINISTRATION
                                 ------------
                              U.S. Census Bureau
                         Bureau of Economic Analysis
                                
                                                                                                                
                                                                                                                               
CB-03-94
BEA-03-21
FT-900 (03)
                                                          
June 13, 2003
For information on goods contact:
Haydn R. Mearkle       (301) 763-2246 U.S. Census Bureau 
Nick Orsini            (301) 763-2311 U.S. Census Bureau
                                
For information on services contact:
Technical: Christopher Bach    (202) 606-9545 Bureau of Economic Analysis
Media: Larry Moran             (202) 606-2649 Bureau of Economic Analysis 
                                
                                                                                                                                          
                                
                                
                 U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES

                            Annual Revision for 2002

                              
                                 
                                    NOTICE

In this release and the accompanying "U.S. International Trade in Goods and 
Services:  April 2003," the Census Bureau and the Bureau of Economic Analysis
(BEA) are jointly publishing revised data on U.S. trade in goods for 2000-2002 
and revised data for services for 1992-2002.    

Goods  

The 2002 not seasonally adjusted Census-basis goods data were revised to 
eliminate monthly data that arrived too late for inclusion in the month of 
transaction but that were included, initially, in the month in which the data 
were received.  In addition, corrections were made to previously published 
data.  Once the redistributions of data to the proper month of transaction 
and corrections were completed, factors for seasonal adjustments and trading 
day adjustments were recomputed, and the seasonally adjusted current-dollar
series were revised for 2000-2002.  

With this release and the "U.S. International Trade in Goods and Services: 
April 2003" release, the U.S. Census Bureau is replacing its fixed-weighted 
constant dollar series with a chained-dollar series.   We are adopting this 
methodology to improve the quality of the constant dollar series and for 
consistency with other official government statistics released by the 
Department of Commerce.

Services

The services accounts were revised for 1992-2002.  The revisions resulted 
from the incorporation of results from BEA's annual and quarterly surveys, 
from BEA's 1999 Benchmark Survey of U.S. Direct Investment Abroad, and from 
other newly available and updated source data.  Revisions from these sources 
have an impact mostly on receipts and payments for royalties and license fees 
and other private services for 1999-2002.  

In addition, a new measure of insurance services, which are a component of 
other private services, is introduced for 1992-2002.  Previously, the estimate 
of insurance services equaled premiums minus losses.  A major shortcoming of 
this measure was that it fluctuated sharply due to fluctuations in losses, 
and it could even become negative when losses were exceptionally high.  The 
new measure calculates insurance services as a share of premiums.  This amount 
is equal to premiums minus the portion of premiums attributed to losses; the 
portion of premiums attributed to losses is based on the relationship between 
losses and premiums averaged over a period of years.  The new measure 
eliminates the sharp swings present in the old series whenever claims were
unusually high or low, and negative estimates of insurance services are now 
eliminated.  The impact on other private services is largest in 2001 and 2002.



                        Table of Contents



Seasonally Adjusted

Exhibit  1  U.S. International Trade in Goods and Services. . . ..........1

Exhibit  2  U.S. Services by Major Category--Exports. . . . . . ..........2

Exhibit  3  U.S. Services by Major Category--Imports. . . . . . ..........3

Exhibit  4  U.S. Trade in Goods . . . . . . . . . . . . . . . . ..........4

Exhibit  5  Exports of Goods by Principal End-Use Category. . . ..........5

Exhibit  5a Imports of Goods by Principal End-Use Category . . ...........6

Exhibit  6  Exports of Goods by End-Use Category and Commodity  ..........7

Exhibit  7  Imports of Goods by End-Use Category and Commodity. ..........9

Exhibit  8  Petroleum and Non-Petroleum End-Use Category Totals......... 11

Exhibit  9  Real Exports of Goods by Principal End-Use
            Category (2000 Chain-weighted dollars) . . . ................12

Exhibit  9a Real Imports of Goods by Principal End-Use 
            Category (2000 Chain-weighted dollars). . . . . . .......... 13

Exhibit 10  Real Exports, Imports, and Balance of Goods, 
            Petroleum and Non-Petroleum End-Use Commodity Category 
            Totals (2000 Chain-weighted dollars) ........................14

Not Seasonally Adjusted

Exhibit 11  U.S. Trade in Goods. . . . . . . . . . . . . . . ........... 15

Exhibit 12  Exports of Goods by Principal End-Use Category . ........... 16

Exhibit 12a Imports of Goods by Principal End-Use Category. . ...........17

Exhibit 13  Exports, Imports, and Trade Balance by Country and Area,
            Not Seasonally Adjusted - 2002. . . . . . .................. 18

Exhibit 14  Exports and Imports of Goods by Principal SITC 
            Commodity Groupings - 2002  .................................43

Exhibit 15  Exports, Imports, and Balance of Advanced Technology 
            Products.....................................................51

Exhibit 16  Imports of Energy - Related Petroleum Products,  
            Including Crude Oil . . . . . . . . . . . . .................52

Exhibit 17  Exports and Imports of Motor Vehicles and Parts by 
            Selected Countries - 2002 ...................................53

1992-1999 Data

Exhibit 18  U.S. International Trade in Goods and Services . . ..........58

Exhibit 19  U.S. Services by Major Category - Exports. . . . . ..........61

Exhibit 20  U.S. Services by Major Category - Imports . . . . . .........64




        




SOURCE: Report FT900 (03) (CB-03-93), U.S. Census Bureau, Foreign Trade
        Division, FINAL 2002. For more information, contact Haydn R. 
        Mearkle (301-763-2246) or Nick Orsini (301-763-2311), 
        Foreign Trade Division.

