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. Thursday,
October 14, 2004

CB-04-181
BEA-04-47
FT-900 (04-08)

For information on goods contact:
U.S. Census Bureau:
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
August 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 August  exports
of $96.0 billion and imports of $150.1 billion resulted
in a goods and services deficit of $54.0 billion, $3.5
billion more than the $50.5 billion in July, revised. 
August exports were $0.1 billion more than July
exports of $95.9 billion.  August imports were $3.6
billion more than July imports of $146.5 billion.

     In August, the goods deficit increased $2.7 billion
from July to $57.4 billion, and the services surplus
decreased $0.8 billion to $3.4 billion.  Exports of goods
decreased $0.1 billion to $67.4 billion, and imports of
goods increased $2.6 billion to $124.8 billion.  Exports of
services increased $0.2 billion to $28.6 billion, and
imports of services increased $1.0 billion to $25.2 billion. 
                                                                  
     In August, the goods and services deficit was up $13.9
billion from August 2003.  Exports were up $11.9 billion,
or 14.2 percent, and imports were up $25.8 billion, or 
20.7 percent.

Goods

     The July to August change in exports of goods reflected
decreases in industrial supplies and materials ($0.4 billion); 
foods, feeds, and beverages ($0.2 billion); and other goods
($0.1 billion).  Increases occurred in consumer goods ($0.3
billion) and automotive vehicles, parts, and engines ($0.2
billion).  Capital goods were virtually unchanged.
     
     The July to August change in imports of goods reflected
increases in industrial supplies and materials ($2.4 billion);
other goods ($0.3 billion); and automotive vehicles, parts,
and engines ($0.1 billion).  A decrease occurred in capital
goods ($0.1 billion).  Consumer goods and  foods, feeds, and
beverages were virtually unchanged.

The August 2003 to August 2004 change in exports of
goods reflected increases in capital goods ($3.7 billion);
industrial supplies and materials ($2.8 billion); automotive
vehicles, parts, and engines ($1.4 billion); consumer goods
($1.1 billion); and other goods ($0.1billion).  A decrease
occurred in foods, feeds, and beverages ($0.2 billion).

     The August 2003 to August 2004 change in imports of
goods reflected increases in industrial supplies and
materials ($10.3 billion); capital goods ($4.8 billion);
consumer goods ($3.1 billion); automotive vehicles, parts,
and engines ($3.0 billion); other goods ($0.6 billion); and
foods, feeds, and beverages ($0.5 billion).
     

Services
     
     Services exports increased $0.2 billion from July to
August.  An increase in other transportation (which
includes freight and port services) was partly offset by a
decrease in transfers under U.S. military sales contracts. 
Changes in the other categories of services exports were
small.

     Services imports increased $1.0 billion from July to
August.  Royalties and license fees increased $0.8 billion; it
includes payments for the rights to broadcast the 2004
Summer Olympic Games.  Other transportation increased
$0.2 billion.  Changes in the other categories of services
imports were small.     
          
    From August 2003 to August 2004, services exports
increased $2.8 billion.  The largest increases were in travel
($1.1 billion), other private services, which includes items
such as business, professional, and technical services,
insurance services, and financial services ($0.7 billion), and
other transportation ($0.6 billion).  

    From August 2003 to August 2004, services imports
increased $3.6 billion.  The largest increases were in
royalties and license fees ($0.9 billion), other transportation
($0.9 billion), and other private services ($0.8 billion).
                                  
Goods and Services Moving Average 

      For the three months ending in August, exports of goods
and services averaged $95.0 billion, while imports of goods
and services averaged $148.2 billion, resulting in an average
trade deficit of $53.2 billion.  For the three months ending in
July, the average trade deficit was $50.9 billion, reflecting
average exports of $95.3 billion and average imports of
$146.2 billion.
                                  
Scheduled release dates through February 2005 are located on page 30

Selected Not Seasonally Adjusted Goods Details 
                                   
The August figures showed surpluses, in billions of
dollars, with Singapore $0.6 (for July $0.5), Australia $0.6
($0.6), Hong Kong $0.4 ($0.4), and Egypt $0.1 ($0.1). 
Deficits were recorded, in billions of dollars, with China
$15.4 ($14.9), Western Europe $10.0 ($11.1); the European
Union (25) $9.6 ($10.5), OPEC $7.0 ($6.0), Canada $6.6
($5.9), Japan $6.4 ($6.4), Mexico $3.7 ($3.5), Taiwan $ 1.5
($1.3), Korea $1.5 ($1.7), and Brazil $0.6 ($0.8). 
                                 
Advanced technology products (ATP) exports were $16.0
billion in August and imports were $20.4 billion, resulting in a
deficit of $4.5 billion.  August exports were $0.1 billion  more
than the $15.8 billion in July, while imports were $0.9 billion
more than the $19.5 billion in July.
                                 
Revisions
                                   
Goods carry-over in August was $0.5 billion (0.7 percent)
for exports and $1.3 billion (1.0 percent) for imports.  For July,
revised export carry-over was $0.1 billion (0.1 percent), revised
down from $0.6 billion (1.0 percent).  For July, revised import
carry-over was $0.1 billion (0.1 percent), revised down from
$0.7 billion (0.6 percent).
                                 
Services exports for July were revised up $0.1 billion to
$28.5 billion; the revision was more than accounted for by an
upward revision in travel.  Services imports for July were
revised up $0.2 billion to $24.2 billion; the revision was mostly
accounted for by an upward revision in travel.
                                  
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 Oil. . . . . . . . . . . . . . . . . . . . . . . 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-04-181, BEA-04-47), Bureau of the Census, Foreign 
Trade Division, August 2004.  For more information, contact Nick Orsini 
(301-763-2311), Foreign Trade Division. 