                        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.                         -482,895       -468,263
Jan.- Aug.                         -304,570       -294,773

January                             -33,411        -32,444
February                            -31,515        -30,411
March                               -32,027        -30,687
April                               -39,879        -38,745
May                                 -39,320        -37,765
June                                -37,670        -36,495

July                                -46,652        -45,440
August                              -44,095        -42,787
September                           -43,322        -42,151
October                             -45,586        -44,276
November                            -44,108        -42,894
December                            -45,308        -44,169

2003                                                      

Jan.- Dec.                         -547,552       -532,350
Jan.- Aug.                         -355,992       -345,628

January                             -43,625        -42,637
February                            -38,358        -37,237
March                               -43,544        -42,318
April                               -46,154        -44,707
May                                 -43,395        -42,085
June                                -43,888        -42,387

July                                -51,805        -50,561
August                              -45,223        -43,696
September                           -49,484        -48,083
October                             -51,817        -50,769
November                            -42,941        -41,575
December                            -47,318        -46,296

2004                                                      

Jan.- Aug.                         -422,710       -412,969

January                             -45,869        -44,649
February                            -42,662        -41,447
March                               -50,286        -48,811
April                               -52,328        -51,156
May                                 -49,475        -48,261
June                                -60,234        -58,947

July (R)                            -60,251        -59,210
August                              -61,605        -60,487
September                                                 
October                                                   
November                                                  
December                                                  
                                        
                               _________________

Exports

                   Total
                   Balance                         Total
                   of Payments     Net             Census
Period             Basis           Adjustments     Basis

2002                                                        

Jan.- Dec.           681,833         -11,270         693,103
Jan.- Aug.           451,352          -7,579         458,931

January               51,932            -736          52,667
February              52,180            -881          53,061
March                 59,660          -1,068          60,728
April                 57,325            -821          58,146
May                   58,628          -1,256          59,884
June                  59,041            -880          59,920

July                  54,106            -926          55,032
August                58,480          -1,011          59,491
September             56,417            -860          57,277
October               60,985            -991          61,975
November              58,741            -930          59,671
December              54,339            -910          55,249

2003                                                        

Jan.- Dec.           713,122         -11,649         724,771
Jan.- Aug.           462,804          -7,889         470,693

January               54,100            -754          54,854
February              55,011            -906          55,917
March                 62,548            -976          63,524
April                 57,976          -1,186          59,162
May                   59,027            -957          59,983
June                  60,549          -1,021          61,570

July                  56,035          -1,035          57,070
August                57,558          -1,053          58,611
September             59,148          -1,091          60,239
October               65,617            -771          66,389
November              63,389          -1,103          64,492
December              62,164            -796          62,959

2004                                                        

Jan.- Aug.           525,946          -7,647         533,593

January               58,175            -976          59,151
February              62,424            -964          63,388
March                 73,303          -1,173          74,475
April                 66,809            -951          67,760
May                   68,766            -938          69,704
June                  67,233          -1,040          68,273

July (R)              63,136            -770          63,906
August                66,101            -835          66,936
September                                                   
October                                                     
November                                                    
December                                                    
                                        
                               _________________

Imports

                   Total
                   Balance                         Total
                   of Payments     Net             Census
Period             Basis           Adjustments     Basis

2002                                                        

Jan.- Dec.         1,164,728           3,362       1,161,366
Jan.- Aug.           755,922           2,218         753,703

January               85,343             232          85,111
February              83,695             222          83,473
March                 91,687             272          91,415
April                 97,204             314          96,891
May                   97,948             299          97,649
June                  96,710             295          96,415

July                 100,758             286         100,472
August               102,575             298         102,277
September             99,740             311          99,429
October              106,571             320         106,251
November             102,849             285         102,564
December              99,646             228          99,418

2003                                                        

Jan.- Dec.         1,260,674           3,553       1,257,121
Jan.- Aug.           818,796           2,476         816,321

January               97,725             234          97,491
February              93,370             216          93,154
March                106,092             249         105,842
April                104,130             261         103,869
May                  102,422             353         102,068
June                 104,437             479         103,958

July                 107,840             209         107,631
August               102,781             474         102,307
September            108,632             310         108,322
October              117,434             277         117,158
November             106,330             264         106,066
December             109,481             226         109,255

2004                                                        

Jan.- Aug.           948,657           2,095         946,562

January              104,043             243         103,800
February             105,086             251         104,835
March                123,589             302         123,287
April                119,137             220         118,917
May                  118,242             277         117,965
June                 127,467             247         127,220

July (R)             123,388             271         123,117
August               127,706             284         127,422
September                                                   
October                                                     
November                                                    
December                                                    
                                                  

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/ft900 or www.bea.gov/bea/rels.htm.
                                                  

SOURCE: Report FT900 (CB-04-181, BEA-04-47), Bureau of the Census, Foreign
Trade Division, August 2004.  For more information, contact Nick Orsini
(301-763-2311), Foreign Trade Division.
