                           ECONOMICS
                              AND
                           STATISTICS
                         ADMINISTRATION
                          ------------
U.S. Census Bureau
U.S. Bureau of Economic Analysis 
United States Department of COMMERCE NEWS  
Washington, D.C. 20230


This release contains sensitive economic
data not to be released before 8:30 a.m. Friday,
December 12, 2003
CB-03-191
BEA-03-50

FT-900 (03-10)

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:
U.S. Bureau of Economic Analysis:
Technical:  Christopher Bach  (202) 606-9545
Media:      Larry Moran       (202) 606-2649

U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
                           October 2003

Goods and Services

     The U.S. Census Bureau and the U.S. Bureau of
Economic Analysis, through the Department of
Commerce, announced today that total October exports
of $88.0 billion and imports of $129.7 billion resulted
in a goods and services deficit of $41.8 billion,
compared with $41.3 billion in September, revised. 
October exports were $2.2 billion more than
September exports of $85.7 billion.  October imports
were $2.7 billion more than September imports of
$127.1 billion.

     In October, the goods deficit increased $0.9 billion
from September to $47.4 billion, and the services surplus
increased $0.4 billion to $5.7 billion.  Exports of goods
increased $1.7 billion to $61.4 billion, and imports of
goods increased $2.5 billion to $108.8 billion.  Exports of
services increased to $26.6 billion from $26.0 billion, and
imports of services increased to $20.9 billion from $20.8
billion.

     In October, the goods and services deficit was up $6.6
billion from October 2002.  Exports were up $5.8 billion,
or 7.1 percent, and imports were up $12.4 billion, or 10.6
percent.

Goods
     
     The September to October change in exports of goods
reflected increases in capital goods ($0.9 billion); 
industrial supplies and materials ($0.6 billion); foods,
feeds, and beverages ($0.2 billion); and automotive
vehicles, parts, and engines ($0.2 billion).  A decrease
occurred in consumer goods ($0.2 billion).  Other goods
were virtually unchanged.

     The September to October change in imports of goods
reflected increases in consumer goods ($1.5 billion);
automotive vehicles, parts, and engines ($1.0 billion);
capital goods ($0.2 billion); and other goods ($0.1
billion).  A decrease occurred in industrial supplies and
materials ($0.1 billion).  Foods, feeds, and beverages
were virtually unchanged.
                                 
     
     The October 2002 to October 2003 change in exports
of goods reflected increases in industrial supplies and
materials ($1.5 billion); capital goods ($1.1 billion);
foods, feeds, and beverages ($0.9 billion); consumer
goods ($0.4 billion); and automotive vehicles, parts, and
engines ($0.3 billion).  A decrease occurred in other
goods ($0.2 billion).

     The October 2002 to October 2003 change in imports
of goods reflected increases in consumer goods ($3.5
billion); capital goods ($3.1 billion); industrial supplies
and materials ($2.3 billion); automotive vehicles, parts,
and engines ($1.3 billion) and foods, feeds, and
beverages ($0.7 billion).  A decrease occurred in other
goods ($0.1 billion)
     
Services
     
     Services exports increased $0.6 billion from
September to October.  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), travel, and passenger fares.  Changes in the
other categories of services exports were small.

     Services imports increased $0.2 billion from
September to October.  The increase was accounted for by
small increases in nearly every category of services
imports. 

     From October 2002 to October 2003, services exports
increased $1.7 billion.  The largest increases were in other
private services ($0.9 billion) and royalties and license
fees ($0.4 billion).  

     From October 2002 to October 2003, services imports
increased $1.6 billion.  The largest increases were in other
private services ($0.6 billion), other transportation ($0.6
billion), which includes freight and port services, and
direct defense expenditures ($0.3 billion). 
     
Goods and Services Moving Average 

     For the three months ending in October, exports of
goods and services averaged $85.7 billion, while imports
of goods and services averaged $126.6 billion, resulting
in an average trade deficit of $40.9 billion.  For the three
months ending in September, the average trade deficit was
$40.5 billion, reflecting average exports of $84.8 billion
and average imports of $125.3 billion.

Selected Not Seasonally Adjusted Goods Details 

     The October figures showed surpluses, in billions of
dollars, with Australia $0.6 (for September $0.7), Hong
Kong $0.3 ($0.3), Egypt $0.2 ($0.3), and Singapore $0.1
(deficit of $0.1).  Deficits were recorded, in billions of
dollars, with China $13.6 ($12.7), Western Europe $9.4
($8.9), Japan $6.4 ($5.1), Canada $4.9 ($5.3), OPEC $4.4
($4.0), Mexico $3.5 ($3.3), Korea $1.6 ($1.1), Taiwan
$1.1 ($1.4), and Brazil $0.6 ($0.6).

     Advanced technology products (ATP) exports were
$16.3 billion in October and imports were $19.8 billion,
resulting in a deficit of $3.5 billion.  October exports were
$1.3 billion more than the $15.0 billion in September,
while imports were $0.9 billion more than the $18.9
billion in September.

Revisions
     
     Goods carry-over in October was $0.2 billion (0.4
percent) for exports and $1.1 billion (1.0 percent) for
imports.  For September, revised export carry-over was
$0.1 billion (0.2 percent), revised down from $0.3 billion
(0.4 percent).  For September, revised import carry-over
was $0.2 billion (0.2 percent), revised down from $1.0
billion (0.9 percent).

     Services exports and imports for April through
September 2003 reflect the incorporation of more
comprehensive and revised quarterly and monthly data. 
For services exports, the largest revisions over the entire
period were in other private services, passenger fares, and
royalties and license fees.  For services imports, the largest
revisions over the entire period were in passenger fares
and travel.

     Services exports for September were revised down $0.3
billion to $26.0 billion; the revision was more than
accounted for by downward revisions in other private
services and passenger fares.  Services imports for
September were revised down $0.3 billion to $20.8 billion;
the revision was more than accounted for by downward
revisions in passenger fares and travel.
                        
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-03-191, BEA-03-50), Bureau of the Census, Foreign 
Trade Division, October 2003.  For more information, contact Haydn R. 
Mearkle (301-763-2246) or Nick Orsini (301-763-2311), Foreign 
Trade Division. 
            