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. Wednesday,
January 12, 2005

CB-05-04
BEA-05-01
FT-900 (04-11)

For information on goods contact:
U.S. Census Bureau:
Nick Orsini       (301) 763-6959
Vanessa Ware      (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
November 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 November 
exports of $95.6 billion and imports of $155.8 billion
resulted in a goods and services deficit of $60.3
billion, $4.3 billion more than the $56.0 billion in
October, revised.  November exports were $2.2 billion
less than October exports of $97.8 billion.  November
imports were $2.0 billion more than October imports
of $153.8 billion. 

     In November, the goods deficit increased $4.0 billion
from October to $64.1 billion, and the services surplus
decreased $0.3 billion to $3.8 billion.  Exports of goods
decreased $2.6 billion to $66.5 billion, and imports of
goods increased $1.4 billion to $130.7 billion.  Exports of
services increased $0.4 billion to $29.0 billion, and
imports of services increased $0.7 billion to $25.2 billion.
                                                                  
     In November, the goods and services deficit was up
$20.3 billion from November 2003.  Exports were up $5.4
billion, or 6.0 percent, and imports were up $25.7 billion,
or 19.8 percent.

Goods

     The October to November change in exports of goods
reflected decreases in capital goods ($1.4 billion);
industrial supplies and materials ($0.8 billion); automotive
vehicles, parts, and engines ($0.4 billion); consumer goods
($0.2 billion); and foods, feeds, and beverages ($0.1 billion). 
An increase occurred in other goods ($0.2 billion).
     
     The October to November change in imports of goods
reflected increases in industrial supplies and materials ($1.2
billion); consumer goods ($0.4 billion); foods, feeds, and
beverages ($0.2 billion); and other goods ($0.2 billion). 
Decreases occurred in automotive vehicles, parts, and engines
($0.4 billion) and capital goods ($0.1 billion).
                                 
     The November 2003 to November 2004 change in exports
of goods reflected increases in industrial supplies and
materials ($2.5 billion); consumer goods ($0.6 billion);
automotive vehicles, parts, and engines ($0.5 billion); and other
goods ($0.2 billion).  Decreases occurred in foods, feeds, and
beverages ($0.4 billion) and capital goods ($0.2 billion).

     The November 2003 to November 2004 change in imports
of goods reflected increases in industrial supplies and
materials ($13.8 billion); capital goods ($4.0 billion);
consumer goods ($3.3 billion); automotive vehicles, parts, and
engines ($0.8 billion); foods, feeds, and beverages ($0.5
billion); and other goods ($0.3 billion).
     

Services
     
     Services exports increased $0.4 billion from October to
November.  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 exports were small.

     Services imports increased $0.7 billion from October to
November.  Most of the increase was accounted for by an
increase in other transportation (which includes freight and port
services).  Travel, passenger fares, and other private services
also increased.  Changes in the other categories of services
imports were small.

     From November 2003 to November 2004, services exports
increased $1.9 billion.  The largest increases were in other
private services ($0.6 billion), travel ($0.5 billion), and other
transportation ($0.4 billion).  

     From November 2003 to November 2004, services imports
increased $2.9 billion.  The largest increases were in other
transportation ($1.2 billion), travel ($0.7 billion), and other
private services ($0.6 billion).

                                  
Goods and Services Moving Average 

      For the three months ending in November, exports of goods
and services averaged $96.9 billion, while imports of goods and
services averaged $152.7 billion, resulting in an average trade
deficit of $55.7 billion.  For the three months ending in October,
the average trade deficit was $53.6 billion, reflecting average
exports of $97.2 billion and average imports of $150.8 billion.
                                  

Selected Not Seasonally Adjusted Goods Details 
                                            
The November figures showed surpluses, in billions of dollars
with Australia $0.5 (for October $0.6), Hong Kong $0.5 ($0.4),
Singapore $0.1 ($0.1), and Egypt $0.1 ($0.2).  Deficits were
recorded, in billions of dollars, with China $16.6 ($16.8), the
European Union (25) $10.5 ($9.3), Canada $7.3 ($5.7), Japan
$7.3 ($5.9), OPEC $6.9 ($7.2), Mexico $3.9 ($4.4), Korea $2.3
($2.0), Taiwan $1.4 ($1.1), and Brazil $0.8 ($0.8).
                                          
Advanced technology products (ATP) exports were $16.1
billion in November and imports were $21.9 billion, resulting in
a deficit of $5.8 billion.  November exports were $1.8 billion less
than the $17.9 billion in October, while imports were virtually
unchanged from October.
                                          
Revisions
                                            
Goods carry-over in November was $0.3 billion (0.4 percent)
for exports and $1.1 billion (0.8 percent) for imports.  For October,
revised export carry-over was $0.1 billion (0.2 percent), revised
down from $0.3 billion (0.5 percent).  For October, revised import
carry-over was $0.2 billion (0.1 percent), revised down from $0.9
billion (0.6 percent).
                                          
Services exports for October were revised down $0.1 billion to
$28.6 billion; the revision was mostly accounted for by a
downward revision in travel.  Services imports for October were 
virtually unchanged at $24.5 billion.
      
     
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

Notice
                                         
With the release of the January 2005 statistics on March 11, 2005, exhibits 14 and 
14a of the U.S. International Trade in Goods and Services release and exhibits 6 and 
6a of the FT-900 Supplement will be revised.  The primary modifications are to add 
lines to the exhibits for Europe, Africa, and individual countries that have accounted 
for increased trade activity in recent years.  In addition, lines pertaining to Western 
Europe, Eastern Europe, European Union (15), and the former Soviet Republics will be 
removed.  For examples of the revised exhibits, go to 
www.census.gov/foreign-trade/2005_examples.html.  
If you have any questions or comments, please contact Vanessa Ware at (301) 763-2311 
or e-mail at vanessa.ware@census.gov.

SOURCE: Report FT900 (CB-05-04, BEA-05-01), Bureau of the Census, Foreign 
Trade Division, November 2004.  For more information, contact Nick Orsini 
(301-763-6959) or Vanessa Ware (301-763-2311), Foreign Trade Division.