                        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.                         -427,215       -411,899
Jan.- May                          -174,887       -167,706

January                             -41,136        -39,708
February                            -30,204        -28,896
March                               -34,527        -33,179
April                               -35,538        -34,250
May                                 -33,482        -31,674
June                                -33,813        -32,330

July                                -41,260        -40,015
August                              -37,627        -36,616
September                           -35,351        -34,252
October                             -41,628        -40,475
November                            -34,895        -33,805
December                            -27,753        -26,700

2002                                                      

Jan.- Dec.                         -482,872       -468,263
Jan.- May                          -176,148       -170,052

January                             -33,408        -32,444
February                            -31,511        -30,411
March                               -32,028        -30,687
April                               -39,880        -38,745
May                                 -39,321        -37,765
June                                -37,668        -36,495

July                                -46,647        -45,440
August                              -44,090        -42,787
September                           -43,321        -42,151
October                             -45,586        -44,276
November                            -44,107        -42,894
December                            -45,304        -44,169

2003                                                      

Jan.- May                          -216,470       -210,707

January                             -44,003        -43,061
February                            -38,883        -37,819
March                               -44,107        -42,885
April (R)                           -45,836        -44,544
May                                 -43,641        -42,397
June                                                      

July                                                      
August                                                    
September                                                 
October                                                   
November                                                  
December                                                  
                               
April data as published last month:
				    -46,055	   -44,767         
                               _________________

Exports

                   Total
                   Balance                         Total
                   of Payments     Net             Census
Period             Basis           Adjustments     Basis

2001                                                        

Jan.- Dec.           718,712         -10,388         729,100
Jan.- May            318,109          -4,099         322,208

January               61,316            -846          62,161
February              61,998            -745          62,743
March                 69,591            -767          70,358
April                 61,322            -692          62,015
May                   63,881          -1,050          64,931
June                  62,427            -906          63,333

July                  53,578          -1,033          54,611
August                59,344            -767          60,111
September             54,358            -874          55,232
October               59,761            -940          60,701
November              57,016            -884          57,900
December              54,119            -884          55,003

2002                                                        

Jan.- Dec.           681,874         -11,229         693,103
Jan.- May            279,743          -4,744         284,487

January               51,936            -732          52,667
February              52,184            -877          53,061
March                 59,665          -1,064          60,728
April                 57,328            -818          58,146
May                   58,630          -1,253          59,884
June                  59,043            -877          59,920

July                  54,109            -923          55,032
August                58,484          -1,007          59,491
September             56,421            -856          57,277
October               60,987            -989          61,975
November              58,744            -927          59,671
December              54,342            -907          55,249

2003                                                        

Jan.- May            288,377          -4,489         292,866

January               53,997            -747          54,745
February              54,971            -857          55,828
March                 62,212            -973          63,184
April (R)             58,061          -1,026          59,086
May                   59,137            -887          60,024
June                                                        

July                                                        
August                                                      
September                                                   
October                                                     
November                                                    
December                                                    
                          
April data as published last month:
		      58,058	      -1,026	      59,084        
                               _________________

Imports

                   Total
                   Balance                         Total
                   of Payments     Net             Census
Period             Basis           Adjustments     Basis

2001                                                        

Jan.- Dec.         1,145,927           4,928       1,140,999
Jan.- May            492,996           3,082         489,915

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.         1,164,746           3,380       1,161,366
Jan.- May            455,891           1,352         454,539

January               85,343             232          85,111
February              83,696             223          83,473
March                 91,693             278          91,415
April                 97,208             317          96,891
May                   97,951             302          97,649
June                  96,711             296          96,415

July                 100,757             284         100,472
August               102,574             297         102,277
September             99,742             313          99,429
October              106,573             322         106,251
November             102,851             286         102,564
December              99,647             228          99,418

2003                                                        

Jan.- May            504,847           1,274         503,574

January               98,001             195          97,806
February              93,854             207          93,647
March                106,319             249         106,070
April (R)            103,896             266         103,630
May                  102,778             357         102,421
June                                                        

July                                                        
August                                                      
September                                                   
October                                                     
November                                                    
December                                                    
                              
April data as published last month:
		     104,114		 263	     103,850	                    

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-03-107, BEA-03-27), Bureau of the Census, Foreign
Trade Division, May 2003.  For more information, contact Haydn R. 
Mearkle (301-763-2246) or Nick Orsini (301-763-2311), Foreign
Trade Division.
