                        PART B:  NOT SEASONALLY ADJUSTED
                        EXHIBIT 12. U. S. TRADE IN GOODS
                                        
          (In millions of dollars.  Detail may not equal totals due to
                            rounding.  (R) Revised.)
                                        

Trade Balance

                                  Total
                                  Balance        Total
                                  of Payments    Census
Period                            Basis          Basis

2001                                                      

Jan.- Dec.                         -427,165       -411,899
Jan.-                               -41,135        -39,708

January                             -41,135        -39,708
February                            -30,203        -28,896
March                               -34,526        -33,179
April                               -35,533        -34,250
May                                 -33,476        -31,674
June                                -33,807        -32,330

July                                -41,256        -40,015
August                              -37,622        -36,616
September                           -35,348        -34,252
October                             -41,622        -40,475
November                            -34,889        -33,805
December                            -27,747        -26,700

2002                                                      

Jan.- Dec.                         -484,487       -470,260
Jan.-                               -33,523        -32,556

January                             -33,523        -32,556
February                            -31,576        -30,465
March                               -32,270        -30,948
April                               -40,087        -38,917
May                                 -39,562        -38,305
June                                -37,864        -36,709

July                                -46,816        -45,598
August                              -44,166        -42,878
September                           -42,922        -41,777
October                             -45,671        -44,392
November                            -44,159        -42,962
December (R)                        -45,872        -44,753

2003                                                      

Jan.-                               -43,861        -42,944

January                             -43,861        -42,944
February                                                  
March                                                     
April                                                     
May                                                       
June                                                      

July                                                      
August                                                    
September                                                 
October                                                   
November                                                  
December                                                  
                                        
                               _________________

Exports

                   Total
                   Balance                         Total
                   of Payments     Net             Census
Period             Basis           Adjustments     Basis

2001                                                        

Jan.- Dec.           718,762         -10,339         729,100
Jan.-                 61,317            -844          62,161

January               61,317            -844          62,161
February              62,000            -744          62,743
March                 69,592            -766          70,358
April                 61,328            -687          62,015
May                   63,887          -1,045          64,931
June                  62,433            -901          63,333

July                  53,582          -1,029          54,611
August                59,349            -763          60,111
September             54,361            -871          55,232
October               59,767            -934          60,701
November              57,022            -878          57,900
December              54,125            -878          55,003

2002                                                        

Jan.- Dec.           682,387         -10,915         693,302
Jan.-                 51,987            -732          52,720

January               51,987            -732          52,720
February              52,239            -881          53,121
March                 59,583          -1,048          60,631
April                 57,212            -850          58,062
May                   59,024            -936          59,960
June                  59,018            -875          59,893

July                  54,117            -943          55,060
August                58,470          -1,010          59,480
September             56,602            -849          57,451
October               60,923            -970          61,893
November              58,756            -914          59,670
December (R)          54,456            -906          55,362

2003                                                        

Jan.-                 53,977            -726          54,703

January               53,977            -726          54,703
February                                                    
March                                                       
April                                                       
May                                                         
June                                                        

July                                                        
August                                                      
September                                                   
October                                                     
November                                                    
December                                                    
                                        
                               _________________

Imports

                   Total
                   Balance                         Total
                   of Payments     Net             Census
Period             Basis           Adjustments     Basis

2001                                                        

Jan.- Dec.         1,145,927           4,928       1,140,999
Jan.-                102,452             583         101,869

January              102,452             583         101,869
February              92,203             563          91,639
March                104,118             582         103,536
April                 96,860             596          96,265
May                   97,363             758          96,605
June                  96,240             577          95,663

July                  94,838             212          94,625
August                96,971             243          96,728
September             89,709             225          89,484
October              101,390             213         101,177
November              91,911             206          91,705
December              81,872             169          81,703

2002                                                        

Jan.- Dec.         1,166,874           3,313       1,163,561
Jan.-                 85,510             235          85,276

January               85,510             235          85,276
February              83,815             229          83,586
March                 91,854             274          91,580
April                 97,298             320          96,978
May                   98,587             321          98,266
June                  96,882             280          96,602

July                 100,932             275         100,657
August               102,636             278         102,358
September             99,523             296          99,227
October              106,594             309         106,285
November             102,914             283         102,631
December (R)         100,328             213         100,116

2003                                                        

Jan.-                 97,837             191          97,647

January               97,837             191          97,647
February                                                    
March                                                       
April                                                       
May                                                         
June                                                        

July                                                        
August                                                      
September                                                   
October                                                     
November                                                    
December                                                    
                                                  

NOTE:  For information on data sources, nonsampling errors, definitions and
details concerning what is included in Net Adjustments, see the information
section on page 26 of this release, or at
www.census.gov/foreign-trade/www/press.html or www.bea.gov/bea/rels.htm.
                                                  

SOURCE: Report FT900 (CB-03-45), Bureau of the Census, Foreign Trade
Division, January 2003.  For more information, contact Haydn R.
Mearkle (301-763-2246) or Nick Orsini (301-763-2311), Foreign
Trade Division.
