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. Tuesday,
December 14, 2004

CB-04-241
BEA-04-55
FT-900 (04-10)

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
October 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 October 
exports of $98.1 billion and imports of $153.5 billion
resulted in a goods and services deficit of $55.5
billion, compared with $50.9 billion in September,
revised.  October exports were $0.6 billion more than
September exports of $97.5 billion.  October imports
were $5.1 billion more than September imports of
$148.4 billion.

     In October, the goods deficit increased $4.7 billion
from September to $59.7 billion, and the services surplus
increased $0.2 billion to $4.2 billion.  Exports of goods
increased $0.2 billion to $69.4 billion, and imports of
goods increased $4.9 billion to $129.0 billion.  Exports of
services increased $0.4 billion to $28.7 billion, and
imports of services increased $0.2 billion to $24.5 billion.
                                                                  
     In October, the goods and services deficit was up $14.0
billion from October 2003.  Exports were up $10.0 billion,
or 11.3 percent, and imports were up $23.9 billion, or 18.5
percent.

Goods

     The September to October change in exports of goods
reflected increases in industrial supplies and materials
($0.6 billion) and capital goods ($0.1 billion).  Decreases
occurred in other goods ($0.3 billion); foods, feeds, and
beverages ($0.1 billion); and automotive vehicles, parts, and
engines ($0.1 billion).  Consumer goods were virtually
unchanged.
     
     The September to October change in imports of goods
reflected increases in industrial supplies and materials ($3.0
billion); consumer goods ($1.6 billion); foods, feeds, and
beverages ($0.3 billion); capital goods ($0.1 billion); and
other goods ($0.1 billion).  A decrease occurred in automotive
vehicles, parts, and engines ($0.2 billion).

     The October 2003 to October 2004 change in exports of
goods reflected increases in industrial supplies and
materials ($3.3 billion); capital goods ($2.6 billion);
consumer goods ($1.2 billion); automotive vehicles, parts,
and engines ($0.7 billion); and other goods ($0.5 billion). 
Foods, feeds, and beverages were virtually unchanged.

     The October 2003 to October 2004 change in imports of
goods reflected increases in industrial supplies and
materials ($12.5 billion); capital goods ($4.2 billion);
consumer goods ($3.0 billion); automotive vehicles, parts,
and engines ($1.2 billion); foods, feeds, and beverages ($0.4
billion); and other goods ($0.2 billion).
     

Services
     
     Services exports increased $0.4 billion from September
to October.  The increase was mostly accounted for by
increases in travel and other transportation (which includes
freight and port services).  Changes in the other categories of
services exports were small.

     Services imports increased $0.2 billion from September
to October.  The increase was more than accounted for by
increases in travel, passenger fares, and other private
services (which includes items such as business,
professional, and technical services, insurance services, and
financial services).  Changes in the other categories of 
services imports were small.
               
     From October 2003 to October 2004, services exports
increased $1.8 billion.  The largest increases were in other
private services ($0.5 billion), travel ($0.5 billion), and
other transportation ($0.4 billion).  

     From October 2003 to October 2004, services imports
increased $2.2 billion.  The largest increases were in other
transportation ($0.7 billion), travel ($0.6 billion), and
other private services ($0.6 billion). 

                                  
Goods and Services Moving Average 

      For the three months ending in October, exports of goods
and services averaged $97.3 billion, while imports of goods
and services averaged $150.7 billion, resulting in an average
trade deficit of $53.4 billion.  For the three months ending in
September, the average trade deficit was $51.8 billion,
reflecting average exports of $96.5 billion and average
imports of $148.3 billion.
                                  
Selected Not Seasonally Adjusted Goods Details 
                                   
The October figures showed surpluses, in billions of dollars,
with Australia $0.6 (for September $0.6), Hong Kong $0.4
($0.5), Egypt $0.2 ($0.1), and Singapore $0.1 ($0.3).  Deficits
were recorded, in billions of dollars, with China $16.8 ($15.5), 
the European Union (25) $9.3 ($7.7), OPEC $7.2 ($6.7), Japan
$5.9 ($6.1), Canada $5.6 ($5.2), Mexico $4.4 ($3.8), Korea
$2.0 ($2.1), Taiwan $1.1 ($1.1), and Brazil $0.8 ($0.9).
                                 
Advanced technology products (ATP) exports were $17.9
billion in October and imports were $22.0 billion, resulting in
a deficit of $4.1 billion.  October exports were $0.6 billion
more than the $17.3 billion in September, while imports were
$1.5 billion more than the $20.4 billion in September.
                                 
Revisions
                                   
Goods carry-over in October was $0.3 billion (0.5 percent)
for exports and $0.9 billion (0.6 percent) for imports.  For
September, revised export carry-over was $0.2 billion (0.3
percent), revised down from $0.5 billion (0.7 percent).  For
September, revised import carry-over was $0.1 billion (0.1
percent), revised down from $1.2 billion (0.9 percent). 
                                 
Services exports and imports for April through September
2004 reflect the incorporation of quarterly revisions to the U.S.
international transactions accounts.  The revised quarterly and
monthly estimates are based on more complete source data than
were available previously.  For services exports, the largest
revision over the entire period was in travel.  For services
imports, the largest revision over the entire period was in other
private services.
                                 
Services exports for September were revised down $0.2
billion to $28.4 billion; the revision was more than accounted
for by downward revisions in travel and transfers under U.S.
military sales contracts.  Services imports for September were
revised down $0.2 billion to $24.3 billion; the revision was
more than  accounted for by downward revisions in other
private services, other transportation, 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 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-04-241, BEA-04-55), Bureau of the Census, Foreign 
Trade Division, October 2004.  For more information, contact Nick Orsini 
(301-763-2311), Foreign Trade Division. 