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. Thursday,
April 10, 2003
CB-03-64    
Press Copy 
FT-900 (03-02)

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
                          February 2003
Goods and Services

     The U.S. Census Bureau and the Bureau of
Economic Analysis, through the Department of
Commerce, announced today that total February
exports of $82.4 billion and imports of $122.8
billion resulted in a goods and services deficit of
$40.3 billion, $0.9 billion less than the $41.2 billion
in January, revised.  February exports were $0.4
billion more than January exports of $82.0 billion. 
February imports were $0.5 billion less than January
imports of $123.3 billion.

     In February, the goods deficit decreased $0.7
billion from January to $44.2 billion, and the services
surplus increased $0.2 billion to $3.9 billion. 
Exports of goods increased $0.6 billion to $57.4
billion, and imports of goods decreased $0.1 billion
to $101.6 billion.  Exports of services decreased to
$25.0 billion from $25.2 billion, and imports of
services decreased to $21.1 billion from $21.5
billion.

Goods
     
     The January to February change in exports of goods
reflected increases in capital goods ($1.1 billion); other
goods ($0.1 billion); and foods, feeds, and beverages
($0.1 billion).  Decreases occurred in consumer
goods ($0.5 billion) and industrial supplies and
materials ($0.1 billion).  Automotive vehicles, parts,
and engines were virtually unchanged.

     The January to February change in imports of
goods reflected decreases in capital goods ($1.0
billion) and foods, feeds, and beverages ($0.1
billion).  Increases occurred in industrial supplies
and materials ($0.8 billion) and consumer goods
($0.1 billion).  Automotive vehicles, parts, and
engines and other goods were virtually unchanged.


Services
     
     Services exports decreased $0.2 billion from January
to February.  Decreases in travel and passenger fares
more than accounted for the decrease.  Changes in the
other categories of services exports were small.

     Services imports decreased $0.4 billion from January
to February.  Decreases in travel, other transportation
(which includes freight and port expenditure services),
and passenger fares more than accounted for the
decrease.  Changes in other categories of services
imports were small.


Goods and Services Moving Average 

     For the three months ending in February, exports of
goods and services averaged $81.7 billion, while
imports of goods and services averaged $123.8 billion,
resulting in an average trade deficit of $42.1 billion. 
For the three months ending in January, the average
trade deficit was also $42.1 billion, reflecting average
exports of $81.9 billion and average imports of $124.0
billion.

Selected Not Seasonally Adjusted Goods Details 
     
     The February figures showed surpluses, in
billions of dollars, with Australia $0.6 (for January
$0.3), Hong Kong $0.4 ($0.1), Singapore $0.3
(deficit of $0.4), and Egypt $0.1 ($0.1).  Deficits
were recorded, in billions of dollars, with China $7.6
($9.4), Western Europe $6.6 ($7.0), Japan $5.3
($5.2), Canada $4.3 ($4.9), Mexico $3.9 ($3.0),
OPEC $3.4 ($3.6), Taiwan $1.0 ($1.4), Brazil $0.5
($0.6), Korea $0.5 ($1.1), and Argentina $0.1 ($0.1).

     Advanced technology products (ATP) exports
were $13.7 billion in February and imports were
$14.3 billion, resulting in a deficit of $0.6 billion. 
February exports were $0.6 billion more than the
$13.1 billion in January, while imports were $1.1
billion less than the $15.4 billion in January.

Revisions
     
     Goods carry-over in February was $0.3 billion
(0.5 percent) for exports and $1.0 billion (1.1
percent) for imports.  For January, revised export
carry-over was $0.1 billion (0.2 percent), revised
down from $0.3 billion (0.5 percent).  For January,
revised import carry-over was $0.2 billion (0.2
percent), revised down from $0.9 billion (0.9
percent).

Services exports for January were revised up $0.1
billion to $25.2 billion; the revision was mostly
accounted for by an upward revision in travel. 
Services imports for January were revised up $0.1
billion to $21.5 billion; the revision was mostly
accounted for by upward revisions in travel and
passenger fares.

Table of Contents
Seasonally Adjusted
Exhibit 1 International Trade in Goods and Services. . . . . . .4
   
Exhibit 2  Goods and Services Centered Three - Month Moving Averages5

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 Category9

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 Category18


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 Groupings21

Exhibit 16  Exports, Imports, and Balance of Advanced Technology Products23

Exhibit 17  Imports of Energy - Related Petroleum Products, 
            Including Crude Petroleum. . . . . . . . . . . . . 24

Exhibit 18  Exports and Imports of Motor Vehicles and Parts By Selected Countries25

Information on Goods and Services. . . . . . . . . . . . . . . 26

