 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. Friday,
June 13, 2003                                                      
                    CB-03-93    Press Copy 
                                  BEA-03-22
                                FT-900 (03-04)                                                                                For information on goods contact:
                     Bureau of the Census:
               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
                            April 2003

Goods and Services

     The U.S. Census Bureau and the Bureau of
Economic Analysis, through the Department of
Commerce, announced today that total April exports of
$81.0 billion and imports of $123.0 billion resulted in
a goods and services deficit of $42.0 billion, compared
to $42.9 billion in March, revised.  April exports were
$1.8 billion less than March exports of $82.8 billion. 
April imports were $2.7 billion less than March
imports of $125.7 billion.

     In April, the goods deficit decreased $0.9 billion from
March to $46.6 billion, and the services surplus was
virtually unchanged at $4.6 billion.  Exports of goods
decreased $1.1 billion to $57.2 billion, and imports of
goods decreased $2.0 billion to $103.8 billion.  Exports of
services decreased to $23.8 billion from $24.5 billion, and
imports of services decreased to $19.2 billion from $19.9
billion.

     In April, the goods and services deficit was up $7.8
billion from April 2002.  Exports were up $0.3 billion, or
0.4 percent, and imports were up $8.1 billion, or 7.1
percent.

Goods

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

     The March to April change in imports of goods
reflected decreases in industrial supplies and materials
($2.4 billion); automotive vehicles, parts, and engines
($0.4 billion); and consumer goods ($0.2 billion). 
Increases occurred in capital goods ($0.9 billion) and
foods, feeds, and beverages ($0.1 billion).  Other goods
were virtually unchanged.

     The April 2002 to April 2003 change in exports of
goods reflected increases in industrial supplies and
materials ($1.2 billion); foods, feeds, and beverages ($0.3
billion); other goods ($0.1 billion); and consumer goods
($0.1 billion).  A decrease occurred in capital goods
($1.1 billion).  Automotive vehicles, parts, and engines
were virtually unchanged.

     The April 2002 to April 2003 change in imports of
goods reflected increases in industrial supplies and
materials ($3.5 billion); consumer goods ($2.8 billion);
foods, feeds, and beverages ($0.6 billion); and capital
goods ($0.4 billion).  A decrease occurred in other goods
($0.1 billion).  Automotive vehicles, parts, and engines
were virtually unchanged.

Services
     
     Services exports decreased $0.8 billion from March to
April.  The decrease was mostly accounted for by
decreases in travel and passenger fares.  Changes in the
other categories of services exports were small.

     Services imports decreased $0.7 billion from March to
April.  The decrease was more than accounted for by
decreases in travel and passenger fares.  Changes in the
other categories of services imports were small.

     From April 2002 to April 2003, services exports were
virtually unchanged at $23.8 billion.  The largest
decreases were in travel ($0.8 billion) and passenger
fares ($0.3 billion).  The largest increase was in other
private services ($0.5 billion), which includes items such
as business, professional, and technical services, insurance
services, and financial services.

     Services imports increased $1.0 billion during the
same period.  The largest increases were in other private
services ($0.6 billion); direct defense expenditures ($0.5
billion); and other transportation ($0.5 billion), which
includes freight and port services.  The largest decrease
was in travel ($0.7 billion).

Goods and Services Moving Average 

     For the three months ending in April, exports of goods
and services averaged $82.3 billion, while imports of
goods and services averaged $123.4 billion, resulting in
an average trade deficit of $41.2 billion.  For the three
months ending in March, the average trade deficit was
$40.5 billion, reflecting average exports of $82.6 billion
and average imports of $123.2 billion.
     
Selected Not Seasonally Adjusted Goods Details 

     The April figures showed surpluses, in billions of
dollars, with Hong Kong $0.4 (for March $0.6), Australia
$0.4 ($0.5), and Egypt $0.1 ($0.1).  Deficits were
recorded, in billions of dollars, with China $9.5 ($7.7),
Western Europe $8.4 ($7.8), Japan $6.0 ($5.8), OPEC
$5.0 ($5.0), Canada $3.8 ($5.1), Mexico $3.3 ($3.9),
Taiwan $1.4 ($1.2), Korea $1.1 ($0.7), Brazil $0.6 ($0.6),
and Singapore $0.2 (surplus of $0.3). 

     Advanced technology products (ATP) exports were
$13.9 billion in April and imports were $16.4 billion,
resulting in a deficit of $2.6 billion.  April exports were
$2.2 billion less than the $16.0 billion in March, while
imports were $0.4 billion less than the $16.8 billion in
March.

Revisions
     
     Goods carry-over in April was $0.4 billion (0.7
percent) for exports and $1.0 billion (1.0 percent) for
imports.  For March, revised export carry-over was
virtually zero, revised down from $0.2 billion (0.3
percent).  For March, revised import carry-over was $0.1
billion (0.1 percent), revised down from $0.9 billion (0.8
percent).

     Goods and services exports and imports for the month
of March and for all months shown in this release reflect
the incorporation of annual revisions to the U.S.
international transactions accounts.  See the "Notice" in
this release for a description of the major revisions to
goods and services exports and imports.                                       

NOTICE
                                
In this release and the accompanying "U.S. International Trade in Goods and Services: Annual
Revision for 2002," 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 the first three months of 2003
and revised data for services for 1992-2002 and the first three months of 2003.    

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
and the first three months of 2003.  

With this release and the "U.S. International Trade in Goods and Services: Annual Revision for
2002" 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 of the Bureau of
Economic Analysis.

Services

The services estimates were revised for 1992-2002 and the first three months of 2003.  The
revisions resulted from the incorporation of results from BEA's annual and quarterly surveys,
from BEA's Benchmark Survey of U.S. Direct Investment Abroad for 1999, 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
and the first three months of 2003.  

In addition, a new measure of insurance services, which are a component of other private
services, is introduced for 1992-2002 and the first three months of 2003.  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
"normal" losses; "normal" losses are 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.


                                
                        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 Real Exports and Imports of Goods by Principal End-Use
             Category (2000 Chain-weighted dollars). . . . . . .15

Exhibit 11 Real Exports, Imports, and Balance of Goods, Petroleum and Non-
             Petroleum End-Use Commodity Category Totals (2000 Chain-weighted 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 Oil . . . . . . . . . . . . . . . .24

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

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

