                        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

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

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.- Dec.                         -549,410       -535,699

January                             -44,003        -43,061
February                            -38,883        -37,819
March                               -44,107        -42,885
April                               -45,836        -44,544
May                                 -43,504        -42,266
June                                -44,113        -42,760

July                                -51,533        -50,474
August                              -45,299        -43,917
September                           -49,911        -48,831
October                             -51,867        -50,816
November (R)                        -42,937        -41,930
December                            -47,417        -46,395

November data as published last month:
				    -42,588	   -41,588
                               _________________

Exports

                   Total
                   Balance                         Total
                   of Payments     Net             Census
Period             Basis           Adjustments     Basis

2001                                                        

Jan.- Dec.           718,712         -10,388         729,100

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

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.- Dec.           713,761         -10,246         724,006

January               53,997            -747          54,745
February              54,971            -857          55,828
March                 62,212            -973          63,184
April                 58,061          -1,026          59,086
May                   59,323            -888          60,210
June                  60,504            -885          61,389

July                  56,081            -855          56,936
August                57,600            -916          58,515
September             59,089            -774          59,863
October               65,941            -782          66,723
November (R)          63,645            -750          64,395
December              62,338            -794          63,132

November data as published last month:
		      63,746		-750	      64,496
                               _________________

Imports

                   Total
                   Balance                         Total
                   of Payments     Net             Census
Period             Basis           Adjustments     Basis

2001                                                        

Jan.- Dec.         1,145,927           4,928       1,140,999

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

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.- Dec.         1,263,170           3,465       1,259,705

January               98,001             195          97,806
February              93,854             207          93,647
March                106,319             249         106,070
April                103,896             266         103,630
May                  102,826             350         102,477
June                 104,617             468         104,149

July                 107,613             203         107,410
August               102,898             466         102,432
September            109,001             307         108,694
October              117,808             269         117,539
November (R)         106,582             257         106,325
December             109,755             228         109,527

November data as published last month:
		     106,333		 250  	     106,083

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-04-25, BEA-04-07), Bureau of the Census, Foreign
Trade Division, December 2003.  For more information, contact Haydn R.
Mearkle (301-763-2246) or Nick Orsini (301-763-2311), Foreign
Trade Division.
