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

ECONOMICS AND STATISTICS ADMINISTRATION
------------
U.S. Census Bureau
U.S. Bureau of Economic Analysis
                                
This release contains sensitive economic
data not to be released before 8:30 a.m. Monday,
June 14, 2004

CB-04-92
BEA-04-27
FT-900 (04-04)

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:      Ralph Stewart     (202) 606-9690

U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
April 2004
           
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 April  exports
of $93.9 billion and imports of $142.3 billion resulted
in a goods and services deficit of $48.3 billion,
compared with $46.6 billion in March, revised.  April
exports were $1.5 billion less than March exports of
$95.4 billion.  April imports were $0.3 billion more
than March imports of $142.0 billion.

     In April, the goods deficit increased $1.8 billion from
March to $53.2 billion, and the services surplus was
virtually unchanged at $4.8 billion.  Exports of goods
decreased $1.5 billion to $65.8 billion, and imports of
goods increased $0.2 billion to $118.9 billion.  Exports of
services increased $0.1 billion to $28.2 billion, and
imports of services increased $0.1 billion to $23.3 billion.
                                                                  
     In April, the goods and services deficit was up $5.8
billion from April 2003.  Exports were up $12.6 billion, or
15.5 percent, and imports were up $18.4 billion, or 14.9
percent.

Goods

     The March to April change in exports of goods reflected
decreases in capital goods ($0.6 billion); industrial supplies
and materials ($0.4 billion); other goods ($0.3 billion);     
foods, feeds, and beverages ($0.2 billion); automotive
vehicles, parts, and engines ($0.1 billion); and consumer
goods ($0.1 billion).
     
     The March to April change in imports of goods reflected
increases in capital goods ($0.5 billion); consumer goods
($0.5 billion); and other goods ($0.3 billion).  A decrease
occurred in industrial supplies and materials ($1.0 billion). 
Automotive vehicles, parts, and engines and foods, feeds, and
beverages were virtually unchanged.
     
The April 2003 to April 2004 change in exports of goods
reflected increases in capital goods ($3.9 billion); industrial
supplies and materials ($2.2 billion); consumer goods ($1.4
billion); automotive vehicles, parts, and engines ($0.4
billion); foods, feeds, and beverages ($0.3 billion); and other
goods ($0.1 billion).

     The April 2003 to April 2004 change in imports of goods
reflected increases in industrial supplies and materials ($5.2
billion); consumer goods ($4.2 billion); capital goods ($3.4
billion); automotive vehicles, parts, and engines ($1.9
billion); foods, feeds, and beverages ($0.4 billion); and other
goods ($0.3 billion).

Services
     
Services exports increased $0.1 billion from March to April. 
Increases in other private services (which includes items
such as business, professional, and technical services,
insurance services, and financial services),  travel, passenger
fares, and royalties and license fees were partly offset by  a
decrease in other transportation (which includes freight and
port services).  Changes in the other categories of services
exports were small.

     Services imports increased $0.1 billion from March to
April.  Increases in direct defense expenditures, other private
services, and travel were partly offset by a decrease in other
transportation.  Changes in the other categories of services
imports were small.     
          
     From April 2003 to April 2004, services exports
increased $4.2 billion.  The largest increases were in travel
($1.8 billion) and other private services ($1.0 billion).  

     From April 2003 to April 2004, services imports
increased $3.0 billion.  The largest increases were in travel
($1.0 billion), other private services ($0.7 billion), and other
transportation ($0.6 billion). 

Goods and Services Moving Average 

     For the three months ending in April, exports of goods
and services averaged $94.0 billion, while imports of goods
and services averaged $140.7 billion, resulting in an average
trade deficit of $46.7 billion.  For the three months ending in
March, the average trade deficit was $45.6 billion, reflecting
average exports of $92.3 billion and average imports of
$137.9 billion.

Scheduled release dates through February 2005 are located on page 30
                                 
Selected Not Seasonally Adjusted Goods Details 
                                   
The April figures showed surpluses, in billions of dollars,
with Hong Kong $0.6 (for March $0.7), Australia $0.5 ($0.6),
Singapore $0.3 ($0.8), and Egypt $0.1 ($0.2).  Deficits were
recorded, in billions of dollars, with China $12.0 ($10.4),
Western Europe $10.1 ($10.1), the European Union $9.2
($9.3), Japan $6.4 ($6.7), Canada $5.7 ($4.9), OPEC $5.3
($5.6), Mexico $3.2 ($3.9), Korea $1.7 ($1.4), Taiwan $1.1
($0.8), and Brazil $0.5 ($0.2). 
                                 
Advanced technology products (ATP) exports were $16.4
billion in April and imports were $19.5 billion, resulting in a
deficit of $3.2 billion.  April exports were $2.6 billion less than
the $19.0 billion in March, while imports were $0.8 billion less
than the $20.4 billion in March.
                                 
Revisions
                                   
Goods carry-over in April was $0.2 billion (0.3 percent) for 
exports and $0.7 billion (0.6 percent) for imports.  For March, 
revised export carry-over was virtually zero, revised down from 
$0.2 billion (0.3 percent).  For March, revised import carry- 
over was $0.1 billion (0.1 percent), revised down from $1.1
billion (0.9 percent).
                                 
Goods and services exports and imports for the month of
March and for all months shown in this release reflect the
incorporation of annual revisions to the goods and services
series in the U.S. international transactions accounts.  See the
"Notice" in this release for a description of major revisions to
goods and services exports and imports.
                                 
NOTICE

In this release and the accompanying "U.S. International Trade in Goods 
and Services: Annual Revision for 2003," 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 revisedfor 2001-2003 and the first three 
months of 2004.  Similar changes were made to the chain-weighted dollar
series.  

Beginning with this 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 more 
comprehensively measures insurance services than the prior measure, by including 
in the calculation the income on technical reserves (owned by policyholders and 
held by insurance companies) used to reduce policyholder premiums.  That is, it 
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 to cover the full cost of insurance.  
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.
                                 
Notice Regarding The European Union
                                 
On May 1, 2004, the European Union expanded from fifteen countries to twenty-five 
countries. As a result, beginning with the May 2004 issue of the U.S. International 
Trade in Goods and Service report, to be released on July 13, 2004, Exhibits 14 and 
14a will be modified to include an additional line reflecting the new composition of 
the European Union.  For the remainder of 2004 the Exhibits will show the current 
European Union composition as European Union (15) and the new composition as European
Union (25).  With the release of January 2005 statistics, European Union (15) will be 
eliminated and exhibits 14 and 14a will be redesigned.

                                                                   
            


                         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  Exports and Imports of Goods by Principal End-Use
              Category (2000 Chain-weighted dollars) . . . . . . 15

Exhibit 11  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 Petroleum. . . . . . . . . . . . . 24

Exhibit 18  Exports and Imports of Motor Vehicles and Parts By Selected Countries25

Information on Goods and Services. . . . . . . . . . . . . . . . 26