                          United States Department of
                                 COMMERCE NEWS  
                             Washington, D.C. 20230 

                                    ECONOMICS
                                       AND
                                   STATISTICS
                                 ADMINISTRATION
                                  ------------
                               U.S. Census Bureau
                         U.S. Bureau of Economic Analysis
                                                                                                                                                                                         
                                
                                
                                
                                      CB-04-91
                                     BEA-04-28
                                    FT-900 (04)
                                                           
                                                           
                                   June 14, 2004

For information on goods contact:
Haydn R. Mearkle       (301) 763-2246 U.S. Census Bureau 
Nick Orsini            (301) 763-2311 U.S. Census Bureau
                                
For information on services contact:
Technical: Christopher Bach    (202) 606-9545 U.S. Bureau of Economic Analysis
Media:     Ralph Stewart       (202) 606-9690 U.S. Bureau of Economic Analysis 
                               

     

                    U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES

                              Annual Revision for 2003
                            
                                 
                                       NOTICE
                                
In this release and the accompanying "U.S. International Trade in Goods and 
Services:  April 2004," the U.S. Census Bureau and the U.S. Bureau of Economic 
Analysis (BEA) are jointly publishing revised data on U.S. trade in goods for 
1992-2003 and the first three months of 2004 and revised data on services for 
1992-2003 and the first three months of 2004.

Goods

The 2003 not seasonally adjusted Census-basis goods data were revised to 
eliminate monthly data that arrived too late for inclusion in the month of 
transaction but that were included, initially, in the month in which the data 
were received.  In addition, corrections were made to previously published data.  
Once the redistributions of data to the proper month of transaction and 
corrections were completed, factors for seasonal adjustments and trading day 
adjustments were recomputed and the seasonally adjusted current-dollar series 
were revised for 2001-2003 and the first three months of 2004.  Similar changes
are made to the chain-weighted dollar series.               

Beginning with this release and the "U.S. International Trade in Goods and 
Services:  April 2004" release, the U.S. Census Bureau and BEA are adjusting 
various import and export petroleum and petroleum products series for seasonal 
variation.  The adjustments begin in 1992.  The seasonally adjusted series 
contribute to a more accurate picture of seasonally adjusted total imports and 
total exports.  The BEA will carry these adjustments through to the International 
Transactions Accounts and the National Income and Product Accounts.  

Services

The services estimates were revised for 1992-2003 and the first three months of 
2004.  The revisions resulted from the incorporation of results from BEA's annual 
and quarterly surveys and from other newly available and updated source data.  
Revisions from these sources have an impact mostly on receipts and payments for 
other private services for 2002-2003 and the first three months of 2004.  

In addition, BEA is introducing a definitional revision in the measure of 
insurance services, which is a component of the measure of "other private 
services."  The revisions are for 1992-2003.  The new measure treats the 
expected investment income on technical reserves of insurance companies as 
being paid to policyholders, who then pay it to insurance companies as a 
supplement to their premium payments.  The change affects both exports and 
imports, although the change is much larger for imports than exports.  This 
revision accounts for most of the revision to estimates of total services 
imports and total services exports in each year included in this release.


       
     

                        Table of Contents


Seasonally Adjusted

Exhibit 1  U.S. International Trade in Goods and Services. . . ...........1

Exhibit 2  U.S. Services by Major Category--Exports. . . . . . ...........2

Exhibit 3  U.S. Services by Major Category--Imports. . . . . . ...........3

Exhibit 4  U.S. Trade in Goods . . . . . . . . . . . . . . . . ...........4

Exhibit 5  Exports of Goods by Principal End-Use Category. . . ...........5

Exhibit 5a Imports of Goods by Principal End-Use Category . . ............6

Exhibit 6  Exports of Goods by End-Use Category and Commodity  ...........7

Exhibit 7  Imports of Goods by End-Use Category and Commodity. ...........9

Exhibit 8  Petroleum and Non-Petroleum End-Use Category Totals ..........11

Exhibit 9  Real Exports of Goods by Principal End-Use
           Category (2000 Chain-weighted dollars) . . . .................12

Exhibit 9a Real Imports of Goods by Principal End-Use 
           Category (2000 Chain-weighted dollars). . . . . . . ..........13

Exhibit 10 Real Exports, Imports, and Balance of Goods, 
           Petroleum and Non-Petroleum End-Use Commodity Category 
           Totals (2000 Chain-weighted dollars)..........................14

Not Seasonally Adjusted

Exhibit 11 U.S. Trade in Goods. . . . . . . . . . . . . . . . ...........15

Exhibit 12 Exports of Goods by Principal End-Use Category . . ...........16

Exhibit 12a Imports of Goods by Principal End-Use Category. ............ 17

Exhibit 13  Exports, Imports, and Trade Balance by Country and Area,
            Not Seasonally Adjusted - 2003. . . . . . . .................18

Exhibit 14  Exports and Imports of Goods by Principal SITC 
            Commodity Groupings - 2003 ..................................43

Exhibit 15  Exports, Imports, and Balance of Advanced Technology 
            Products ....................................................51

Exhibit 16  Imports of Energy - Related Petroleum Products,  
            Including Crude Oil . . . . . . . . . . . .................. 52

Exhibit 17  Exports and Imports of Motor Vehicles and Parts by 
            Selected Countries - 2003 ...................................53

1992-2000 Data

Exhibit 18  U.S. International Trade in Goods and Services . . ..........58

Exhibit 19  U.S. Services by Major Category - Exports. . . . . ..........61

Exhibit 20 U.S. Services by Major Category - Imports . . . . ........... 64           




















                          - BLANK PAGE -





SOURCE: Report FT900 (03) (CB-04-91), Bureau of the Census, Foreign Trade
        Division, FINAL 2003. For more information, contact Haydn R. 
        Mearkle (301-763-2246) or Nick Orsini (301-763-2311), 
        Foreign Trade Division.
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