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. Friday, August 13, 2004

CB-04-134
BEA-04-38
FT-900 (04-06)

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
June 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 June  exports of
$92.8 billion and imports of $148.6 billion resulted in
a goods and services deficit of $55.8 billion, $8.9
billion more than the $46.9 billion in May, revised. 
June exports were $4.2 billion less than May exports
of $97.0 billion.  June imports were $4.7 billion more
than May imports of $143.9 billion.

     In June, the goods deficit increased $8.7 billion from
May to $60.2 billion, and the services surplus decreased
$0.2 billion to $4.3 billion.  Exports of goods decreased
$4.4 billion to $64.3 billion, and imports of goods
increased $4.2 billion to $124.4 billion.  Exports of
services increased $0.3 billion to $28.6 billion, and
imports of services increased $0.5 billion to $24.2 billion.
                                                                  
     In June, the goods and services deficit was up $15.8
billion from June 2003.  Exports were up $8.2 billion, or
9.7 percent, and imports were up $24.0 billion, or 19.3
percent.

Goods

     The May to June change in exports of goods reflected
decreases in capital goods ($2.6 billion); industrial supplies 
and materials ($1.3 billion); foods, feeds, and beverages ($0.3
billion); automotive vehicles, parts, and engines ($0.3
billion); and consumer goods ($0.1 billion).  An increase
occurred in other goods ($0.3 billion).
     
     The May to June change in imports of goods reflected
increases in industrial supplies and materials ($3.3 billion);
capital goods ($1.5 billion); and consumer goods ($0.1
billion).  A decrease occurred in automotive vehicles, parts,
and engines ($0.7 billion).  Foods, feeds, and beverages and
other goods were virtually unchanged.

The June 2003 to June 2004 change in exports of goods
reflected increases in capital goods ($1.9 billion); industrial
supplies and materials ($1.5 billion); consumer goods ($0.8
billion); other goods ($0.5 billion); and automotive vehicles,
parts, and engines ($0.3 billion).  A decrease occurred in
foods, feeds, and beverages ($0.1 billion).

     The June 2003 to June 2004 change in imports of goods
reflected increases in industrial supplies and materials
($10.1 billion); capital goods ($5.0 billion); consumer goods
($4.2 billion); foods, feeds, and beverages ($0.8 billion);
automotive vehicles, parts, and engines ($0.8 billion); and
other goods ($0.1 billion).

Services
     
     Services exports increased $0.3 billion from May to June. 
Increases in travel and  passenger fares 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 $0.5 billion from May to June. 
Most of the increase was accounted for by increases in other
transportation and travel.  Changes in the other categories 
of services imports were small.
          
     From June 2003 to June 2004, services exports increased
$3.4 billion.  The largest increases were in travel ($1.3
billion), other private services, which includes items such as
business, professional, and technical services, insurance
services, and financial services ($0.8 billion), and other
transportation ($0.5 billion).  

     From June 2003 to June 2004, services imports increased
$3.3 billion.  The largest increases were in travel ($1.0
billion), other transportation ($0.8 billion), and other
private services ($0.7 billion). 

Goods and Services Moving Average 

     For the three months ending in June, exports of goods
and services averaged $94.8 billion, while imports of goods
and services averaged $145.0 billion, resulting in an average
trade deficit of $50.3 billion.  For the three months ending in
May, the average trade deficit was $47.2 billion, reflecting
average exports of $95.6 billion and average imports of
$142.8 billion.

Selected Not Seasonally Adjusted Goods Details 
          
     The June figures showed surpluses, in billions of dollars,
with Hong Kong $0.5 (For May $0.6), Australia $0.5 ($0.6),
Singapore $0.4 ($0.6), and Egypt $0.1 ($0.2).  Deficits were
recorded, in billions of dollars, with China $14.2 ($12.1),
Western Europe $10.7 ($8.2); the European Union (25) $10.6
($7.9), Canada $6.6 ($4.8), Japan $6.3 ($5.5), OPEC $6.2
($5.6), Mexico $4.9 ($3.8), Korea $2.0 ($1.6), Taiwan $1.2
($1.0), and Brazil $1.1 ($0.4).

     Advanced technology products (ATP) exports were $17.3
billion in June and imports were $21.3 billion, resulting in a
deficit of $4.0 billion.  June exports were $0.2 billion more
than the $17.1 billion in May, while imports were $3.0 billion
more than the $18.2 billion in May.

Revisions
     
     Goods carry-over in June was $0.3 billion (0.4 percent) for
exports and $1.4 billion (1.1 percent) for imports.  For May,
revised export carry-over was $0.1 billion (0.1 percent), revised
down from $0.3 billion (0.4 percent).  For May, revised import
carry-over was $0.1 billion (0.1 percent), revised down from
$0.7 billion (0.6 percent).

     Services exports for May were revised down $0.1 billion to
$28.3 billion; the revision was accounted for by downward
revisions in travel, passenger fares, and other private services. 
Services imports for May were revised up $0.2 billion to $23.7
billion; the revision was more than accounted for by upward
revisions in travel and passenger fares.
                                  
Table of Contents
                              
Seasonally Adjusted
   
Exhibit 1   International Trade in Goods and Services. . . . . . .4

Exhibit 2   U.S. International Trade in Goods and 
Services Three - month Moving Averages. . . . . . . . . . . . . . 5

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 
Category. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

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   Exports, Imports, and Balance of Goods, Petroleum and
Non-Petroleum End-Use Category Totals. . . . . . . . . . . . . . 14

Exhibit 10  Real Exports and Imports of Goods by Principal End-Use
Category (2000 Chain-weighted dollars) . . . . . . . . . . . . . 15

Exhibit 11  Real 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 
Category. . . . . . . . . . . . . . . . . . . . . . . . . . . . .18

Exhibit 14  Exports, Imports, and Balance of Goods by Selected  
                   Countries and Areas   . . . . . . . . . . . . 19

Exhibit 15  Exports and Imports of Goods by Principal SITC 
Commodities. . . . . . . . . . . . . . . . . . . . . . . . . . . 21

Exhibit 16  Exports, Imports, and Balance of Advanced Technology 
Products. . . . . . . . . . . . . . . . . . . . . . . . . . . . .23

Exhibit 17  Imports of Energy - Related Petroleum Products, 
Including Crude Petroleum. . . . . . . . . . . . . . . . . . . . 24

Exhibit 18  Exports and Imports of Motor Vehicles and Parts By 
Selected Countries. . . . . . . . . . . . . . . . . . . . . . . .25

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

SOURCE: Report FT900 (CB-04-134, BEA-04-38), Bureau of the Census, Foreign 
Trade Division, June 2004.  For more information, contact Haydn R. 
Mearkle (301-763-2246) or Nick Orsini (301-763-2311), Foreign 
Trade Division. 