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, October 10, 2003

CB-03-161    
BEA-03-40
FT-900 (03-08)

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
August 2003

Goods and Services

     The U.S. Census Bureau and the Bureau of
Economic Analysis, through the Department of
Commerce, announced today that total August exports
of $83.7 billion and imports of $122.9 billion resulted
in a goods and services deficit of $39.2 billion, $0.8
billion less than the $40.0 billion in July, revised. 
August exports were $2.3 billion less than July exports
of $86.0 billion.  August imports were $3.1 billion less
than July imports of $126.0 billion.

     In August, the goods deficit decreased $0.5 billion
from July to $44.5 billion, and the services surplus
increased $0.3 billion to $5.3 billion.    Exports of goods
decreased $2.6 billion to $57.8 billion, and imports of
goods decreased $3.1 billion to $102.2 billion.  Exports of
services increased to $25.9 billion from $25.7 billion, and
imports of services were virtually unchanged at $20.7
billion.

     In August, the goods and services deficit was up $3.0
billion from August 2002.  Exports were up $1.1 billion,
or 1.4 percent, and imports were up $4.1 billion, or 3.4
percent.

Goods

     The July to August change in exports of goods
reflected decreases in capital goods ($0.8 billion);
industrial supplies and materials ($0.8 billion); 
automotive vehicles, parts, and engines ($0.7 billion); 
foods, feeds, and beverages ($0.3 billion); and consumer
goods ($0.1 billion).  An increase occurred in other goods
($0.2 billion).
                                 
     The July to August change in imports of goods
reflected decreases in automotive vehicles, parts, and
engines ($2.3 billion); capital goods ($0.5 billion); other
goods ($0.2 billion); and consumer goods ($0.2 billion). 
Foods, feeds, and beverages and industrial supplies and
materials were virtually unchanged.
                                 
                                                                   
     The August 2002 to August 2003 change in exports of
goods reflected decreases in capital goods ($0.8 billion)
and automotive vehicles, parts, and engines ($0.7 billion). 
Increases occurred in industrial supplies and materials
($0.7 billion); consumer goods ($0.4 billion); and foods,
feeds, and beverages ($0.2 billion).  Other goods were
virtually unchanged.

     The August 2002 to August 2003 change in imports of
goods reflected increases in industrial supplies and
materials ($3.2 billion); consumer goods ($0.4 billion);
foods, feeds, and beverages ($0.3 billion); and capital
goods ($0.2 billion).  Decreases occurred in automotive
vehicles, parts, and engines ($1.8 billion) and other goods
($0.2 billion).
     
Services
     
     Services exports increased $0.3 billion from July to
August.  The increase was mostly accounted for by
increases in other private services (which includes items
such as business, professional, and technical services,
insurance services, and financial services) and transfers
under U.S. military sales contracts.  Changes in the other
categories of services exports were small.

     Services imports were virtually unchanged from July
to August.  Increases in travel and passenger fares were
nearly offset by a decrease in other transportation (which
includes freight and ports services).  Changes in the other
categories of services imports were small.

     From August 2002 to August 2003, services exports
increased $1.2 billion.  The largest increase was in other
private services ($1.0 billion),  which includes items such
as business, professional, and technical services, insurance
services, and financial services.    

     From August 2002 to August 2003, services imports
increased $1.8 billion.  The largest increases were in other
private services ($0.6 billion), other transportation ($0.4
billion), direct defense expenditures ($0.3 billion),
passenger fares ($0.3 billion), and travel ($0.3 billion).
     
Goods and Services Moving Average 

     For the three months ending in August, exports of
goods and services averaged $84.7 billion, while imports
of goods and services averaged $124.5 billion, resulting
in an average trade deficit of $39.8 billion.  For the three
months ending in July, the average trade deficit was $40.6
billion, reflecting average exports of $84.3 billion and
average imports of $124.9 billion.

Selected Not Seasonally Adjusted Goods Details 

     The August figures showed surpluses, in billions of
dollars, with Singapore $0.8 (for July $0.4), Australia
$0.5 ($0.8), Hong Kong $0.3 ($0.2), and Egypt $0.2
($0.1).  Deficits were recorded, in billions of dollars, with
China $11.7 ($11.3), Western  Europe $6.9 ($11.2), Japan
$4.8 ($5.9), Canada $4.7 ($5.0), OPEC $4.1 ($4.5),
Mexico $3.4 ($3.2), Taiwan $1.2 ($1.1), Korea $0.9
($1.3), and Brazil $0.6 ($0.7).

     Advanced technology products (ATP) exports were
$14.5 billion in August and imports were $16.2 billion,
resulting in a deficit of $1.7 billion.  August exports were
$0.2 billion less than the $14.6 billion in July, while
imports were $1.4 billion less than the $17.6 billion in
July.

Revisions
     
     Goods carry-over in August was $0.3 billion (0.4
percent) for exports and $0.7 billion (0.7 percent) for
imports.  For July, revised export carry-over was $0.1
billion (0.2 percent), revised down from $0.3 billion (0.6
percent).  For July, revised import carry-over was $0.2
billion (0.2 percent), revised down from $1.3 billion (1.2
percent).

     Services exports for July were virtually unrevised at
$25.7 billion.  Services imports for July were also
virtually unrevised at $20.7 billion.

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

 
SOURCE: Report FT900 (CB-03-161, BEA-03-40), Bureau of the Census, Foreign 
Trade Division, August 2003.  For more information, contact Haydn R. 
Mearkle (301-763-2246) or Nick Orsini (301-763-2311), Foreign 
Trade Division. 