                        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

2002                                                      

Jan.- Dec.                         -482,872       -468,263
Jan.-                               -33,408        -32,444

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. (R)                     -549,156       -535,455
Jan.-                               -44,003        -43,061

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                            -42,937        -41,930
December (R)                        -47,164        -46,151

2004                                                      

Jan.-                               -45,754        -44,531

January                             -45,754        -44,531
February                                                  
March                                                     
April                                                     
May                                                       
June                                                      

July                                                      
August                                                    
September                                                 
October                                                   
November                                                  
December                                                  
                                        
December data as published last month:
				    -47,417	   -46,395
                               _________________

Exports

                   Total
                   Balance                         Total
                   of Payments     Net             Census
Period             Basis           Adjustments     Basis

2002                                                        

Jan.- Dec.           681,874         -11,229         693,103
Jan.-                 51,936            -732          52,667

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. (R)       713,788         -10,241         724,030
Jan.-                 53,997            -747          54,745

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              63,645            -750          64,395
December (R)          62,366            -790          63,155

2004                                                        

Jan.-                 58,181            -975          59,156

January               58,181            -975          59,156
February                                                    
March                                                       
April                                                       
May                                                         
June                                                        

July                                                        
August                                                      
September                                                   
October                                                     
November                                                    
December                                                    
                                        
December data as published last month:
		      62,338		-794	      63,132
                               _________________

Imports

                   Total
                   Balance                         Total
                   of Payments     Net             Census
Period             Basis           Adjustments     Basis

2002                                                        

Jan.- Dec.         1,164,746           3,380       1,161,366
Jan.-                 85,343             232          85,111

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. (R)     1,262,945           3,460       1,259,485
Jan.-                 98,001             195          97,806

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             106,582             257         106,325
December (R)         109,529             223         109,306

2004                                                        

Jan.-                103,935             248         103,687

January              103,935             248         103,687
February                                                    
March                                                       
April                                                       
May                                                         
June                                                        

July                                                        
August                                                      
September                                                   
October                                                     
November                                                    
December                                                    
                                        
December data as published last month:
		     109,755		 228	     109,527          

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-04-38, BEA-04-10), Bureau of the Census, Foreign
Trade Division, January 2004.  For more information, contact Haydn R.
Mearkle (301-763-2246) or Nick Orsini (301-763-2311), Foreign
Trade Division.
