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. Wednesday,
January 14, 2004
CB-04-05    Press Copy 
              BEA-04-02
              FT-900 (03-11)

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
November 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 November
exports of $90.6 billion and imports of $128.6 billion
resulted in a goods and services deficit of $38.0
billion, $3.6 billion less than the $41.6 billion in
October, revised.  November exports were $2.5 billion
more than October exports of $88.1 billion.  November
imports were $1.0 billion less than October imports of
$129.7 billion.

     In November, the goods deficit decreased $3.5 billion
from October to $43.6 billion, and the services surplus
increased $0.1 billion to $5.6 billion.  Exports of goods
increased $2.2 billion to $63.8 billion, and imports of
goods decreased $1.3 billion to $107.4 billion.  Exports of
services increased to $26.8 billion from $26.4 billion, and
imports of services increased to $21.2 billion from $20.9
billion.

     In November, the goods and services deficit was down
$0.6 billion from November 2002.  Exports were up $7.7
billion, or 9.3 percent, and imports were up $7.1 billion,
or 5.8 percent.

Goods
     
     The October to November change in exports of goods
reflected increases in capital goods ($1.7 billion); 
consumer goods ($0.6 billion); and foods, feeds, and
beverages ($0.4 billion).  Decreases occurred in
automotive vehicles, parts, and engines ($0.3 billion);
other goods ($0.1 billion); and industrial supplies and
materials ($0.1 billion).

     The October to November change in imports of goods
reflected decreases in industrial supplies and materials
($1.3 billion); consumer goods ($0.2 billion); and
automotive vehicles, parts, and engines ($0.1 billion). 
Increases occurred in capital goods ($0.2 billion) and
foods, feeds, and beverages ($0.1 billion).  Other goods
were virtually unchanged.
                                 
     
     
     The November 2002 to November 2003 change in
exports of goods reflected increases in capital goods
($2.9 billion); industrial supplies and materials ($1.1
billion); consumer goods ($0.9 billion); foods, feeds, and
beverages ($0.8 billion); and automotive vehicles, parts,
and engines ($0.2 billion).  A decrease occurred in other
goods ($0.1 billion).

     The November 2002 to November 2003 change in
imports of goods reflected increases in industrial supplies
and materials ($1.7 billion); consumer goods ($1.3
billion); capital goods ($1.3 billion); automotive vehicles,
parts, and engines ($0.7 billion); foods, feeds, and
beverages ($0.5 billion); and other goods ($0.1 billion).
     
Services
     
     Services exports increased $0.4 billion from October to
November.  The increase was more than accounted for by
increases in travel and passenger fares.  Changes in the
other categories of services exports were small.

     Services imports increased $0.3 billion from October to
November.  The increase was more than accounted for by
increases in travel and passenger fares.  Changes in the
other categories of services imports were small.

     From November 2002 to November 2003, services
exports increased $1.7 billion.  The largest increases were
in other private services ($0.8 billion), which includes
items such as business, professional, and technical services,
insurance services, and financial services, and royalties and
license fees ($0.4 billion).  

     From November 2002 to November 2003, services
imports increased $1.6 billion.  The largest increases were
in other private services ($0.6 billion), other transportation
($0.3 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 November, exports of
goods and services averaged $88.1 billion, while imports
of goods and services averaged $128.5 billion, resulting
in an average trade deficit of $40.3 billion.  For the three
months ending in October, the average trade deficit was
$40.8 billion, reflecting average exports of $85.7 billion
and average imports of $126.5 billion.

Selected Not Seasonally Adjusted Goods Details 

     The November figures showed surpluses, in billions of
dollars, with Hong Kong $0.5 (for October $0.3),
Australia $0.5 ($0.6), Singapore $0.2 ($0.1), and Egypt
$0.1 ($0.2).  Deficits were recorded, in billions of dollars,
with China $10.8 ($13.6), Western Europe $7.8 ($9.4),
Japan $5.7 ($6.4), Canada $4.2 ($4.7), OPEC $3.9 ($4.4),
Mexico $3.0 ($3.5), Korea $1.2 ($1.6), Taiwan $1.1
($1.1), and Brazil $0.4 ($0.6). 

     Advanced technology products (ATP) exports were
$16.7 billion in November and imports were $18.6 billion,
resulting in a deficit of $1.9 billion.  November exports
were $0.4 billion more than the $16.3 billion in October,
while imports were $1.2 billion less than the $19.8 billion
in October.

Revisions
     
     Goods carry-over in November was $0.5 billion (0.7
percent) for exports and $0.8 billion (0.8 percent) for
imports.  For October, revised export carry-over was $0.1
billion (0.2 percent), revised down from $0.2 billion (0.4
percent).  For October, revised import carry-over was $0.4
billion (0.3 percent), revised down from $1.1 billion (1.0
percent).

     Services exports for October were revised down $0.2
billion to $26.4 billion; the revision was mostly  accounted
for by downward revisions in  passenger fares and travel. 
Services imports for October were virtually
unrevised at $20.9 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-04-02, BEA-04-02), Bureau of the Census, Foreign 
	Trade Division, November 2003.  For more information, contact Haydn R. 
        Mearkle (301-763-2246) or Nick Orsini (301-763-2311), Foreign 
        Trade Division. 
            