                          PART A: SEASONALLY ADJUSTED
           EXHIBIT 2. U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
          THREE MONTH MOVING AVERAGES -- JANUARY 2002 TO January 2004
                                        
     (In millions of dollars.  Details may not equal totals due to seasonal
                    adjustments and rounding.  (R) Revised.)

Balance

Center Month of Moving Averages
                           Total              Goods (1)        Services

2002                                                                    

January                                                                 
February                     -30,018            -35,344            5,327
March                        -31,993            -37,437            5,444
April                        -33,342            -39,088            5,746
May                          -34,962            -40,429            5,467
June                         -34,910            -40,272            5,363

July                         -35,294            -40,686            5,392
August                       -35,660            -41,104            5,444
September                    -36,022            -41,552            5,530
October                      -36,815            -42,244            5,429
November                     -38,705            -44,080            5,375
December (R)                 -40,323            -45,476            5,153

2003                                                                    

January (R)                  -40,309            -45,303            4,993
February (R)                 -40,516            -45,314            4,798
March (R)                    -41,171            -45,815            4,644
April (R)                    -42,231            -46,814            4,583
May (R)                      -41,367            -46,004            4,637
June (R)                     -40,914            -45,561            4,647

July (R)                     -40,250            -44,917            4,667
August (R)                   -40,549            -45,416            4,867
September (R)                -40,913            -46,110            5,197
October (R)                  -40,393            -45,860            5,467
November (R)                 -40,872            -46,317            5,445
December                     -41,323            -46,752            5,429

2004                                                                    

January                                                                 
February                                                                
March                                                                   
April                                                                   
May                                                                     
June                                                                    

July                                                                    
August                                                                  
September                                                               
October                                                                 
November                                                                
December                                                                
                                        
                               _________________

Exports
Center Month of Moving Averages
                           Total              Goods            Services

2002                                                                    

January                                                                 
February                      78,815             55,099           23,715
March                         79,513             55,647           23,866
April                         80,337             56,267           24,069
May                           81,233             57,141           24,092
June                          81,993             57,729           24,263

July                          82,498             58,070           24,428
August                        82,605             58,105           24,500
September                     82,340             57,659           24,680
October                       82,457             57,624           24,832
November                      82,050             56,947           25,104
December (R)                  82,017             56,898           25,118

2003                                                                    

January (R)                   81,941             56,950           24,991
February (R)                  82,463             57,795           24,668
March (R)                     82,145             57,824           24,320
April (R)                     82,001             57,776           24,226
May (R)                       82,499             58,096           24,403
June (R)                      84,007             59,137           24,870

July (R)                      84,381             59,109           25,272
August (R)                    84,949             59,259           25,690
September (R)                 85,824             59,688           26,135
October (R)                   88,240             61,699           26,541
November (R)                  89,662             62,780           26,882
December                      89,927             62,864           27,063

2004                                                                    

January                                                                 
February                                                                
March                                                                   
April                                                                   
May                                                                     
June                                                                    

July                                                                    
August                                                                  
September                                                               
October                                                                 
November                                                                
December                                                                
                                        
                               _________________

Imports
Center Month of Moving Averages
                           Total              Goods            Services

2002                                                                    

January                                                                 
February                     108,832             90,444           18,389
March                        111,506             93,084           18,422
April                        113,679             95,355           18,323
May                          116,194             97,569           18,625
June                         116,902             98,002           18,901

July                         117,792             98,756           19,036
August                       118,265             99,209           19,056
September                    118,362             99,211           19,151
October                      119,272             99,868           19,404
November                     120,755            101,027           19,728
December (R)                 122,339            102,374           19,965

2003                                                                    

January (R)                  122,251            102,253           19,998
February (R)                 122,979            103,110           19,869
March (R)                    123,315            103,639           19,676
April (R)                    124,233            104,590           19,643
May (R)                      123,866            104,100           19,766
June (R)                     124,921            104,698           20,223

July (R)                     124,632            104,026           20,606
August (R)                   125,499            104,675           20,823
September (R)                126,737            105,799           20,938
October (R)                  128,633            107,559           21,074
November (R)                 130,534            109,097           21,437
December                     131,250            109,616           21,634

2004                                                                    

January                                                                 
February                                                                
March                                                                   
April                                                                   
May                                                                     
June                                                                    

July                                                                    
August                                                                  
September                                                               
October                                                                 
November                                                                
December                                                                
                                                  

NOTE:  (1)  Data presented on a Balance of Payments (BOP) basis. For information
on data sources and methodology, 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.

NOTE:   The three-month moving averages shown in this exhibit are computed by
summing the subject month, the two prior months, dividing by three and showing
the average at the center month of the period.  Using this method, an average is
not available for the current month.  A centered moving average is useful in
smoothing the volatile trade data so that trends can better be discerned.
                                                  

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.
