                          PART A: SEASONALLY ADJUSTED
           EXHIBIT 2. U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
          THREE MONTH MOVING AVERAGES -- JANUARY 2002 TO December 2004
                                        
     (In millions of dollars.  Details may not equal totals due to seasonal
                    adjustments and rounding.  (R) Revised.)

Balance

Center Month
of Moving Averages
                           Total              Goods (1)        Services

2002                                                                    

January                      -28,633            -33,416            4,783
February                     -29,614            -34,280            4,667
March                        -31,254            -36,133            4,879
April                        -32,691            -37,788            5,097
May                          -33,167            -38,679            5,512
June                         -34,457            -39,787            5,330

July                         -34,513            -39,709            5,196
August                       -35,240            -40,412            5,172
September                    -35,639            -40,803            5,164
October                      -35,908            -41,135            5,227
November                     -37,043            -42,140            5,097
December                     -39,228            -44,243            5,015

2003                                                                    

January                      -41,369            -46,076            4,707
February                     -41,627            -46,092            4,466
March                        -41,796            -45,981            4,185
April                        -42,184            -46,171            3,986
May                          -42,335            -46,272            3,937
June                         -41,127            -45,178            4,051

July                         -40,559            -44,677            4,118
August                       -40,345            -44,442            4,097
September                    -40,750            -44,878            4,128
October                      -40,975            -45,378            4,403
November                     -40,912            -45,494            4,583
December                     -41,832            -46,480            4,649

2004                                                                    

January (R)                  -43,290            -47,651            4,361
February (R)                 -45,251            -49,359            4,107
March (R)                    -46,297            -50,352            4,054
April (R)                    -47,185            -51,483            4,298
May (R)                      -47,694            -52,051            4,357
June (R)                     -50,457            -54,622            4,165

July (R)                     -51,164            -55,213            4,049
August (R)                   -53,348            -57,050            3,702
September (R)                -51,876            -55,672            3,796
October (R)                  -53,692            -57,456            3,764
November (R)                 -55,484            -59,589            4,104
December                     -57,279            -61,415            4,137
                                        
                               _________________

Exports

Center Month
of Moving Averages
                           Total              Goods            Services

2002                                                                    

January                       78,377             55,375           23,002
February                      78,411             55,076           23,335
March                         78,736             55,041           23,695
April                         79,609             55,687           23,922
May                           80,652             56,450           24,202
June                          81,641             57,345           24,297

July                          82,206             57,752           24,454
August                        82,696             58,097           24,599
September                     82,790             58,124           24,666
October                       82,618             57,723           24,895
November                      82,566             57,483           25,084
December                      82,147             56,769           25,378

2003                                                                    

January                       82,084             56,771           25,313
February                      82,046             56,889           25,157
March                         82,666             57,820           24,846
April                         82,424             57,899           24,524
May                           82,342             57,876           24,466
June                          82,824             58,185           24,640

July                          84,258             59,110           25,148
August                        84,766             59,249           25,517
September                     85,242             59,417           25,824
October                       86,073             59,776           26,297
November                      88,083             61,390           26,693
December                      89,436             62,286           27,150

2004                                                                    

January (R)                   89,646             62,502           27,144
February (R)                  90,396             63,166           27,230
March (R)                     92,159             64,774           27,385
April (R)                     94,050             66,195           27,856
May (R)                       95,575             67,448           28,127
June (R)                      94,815             66,572           28,243

July (R)                      95,352             67,077           28,275
August (R)                    95,156             66,849           28,307
September (R)                 96,674             68,338           28,336
October (R)                   97,308             68,910           28,398
November (R)                  97,550             68,899           28,651
December                      98,398             69,511           28,887
                                        
                               _________________

Imports

Center Month
of Moving Averages
                           Total              Goods            Services

2002                                                                    

January                      107,010             88,791           18,219
February                     108,025             89,356           18,669
March                        109,989             91,173           18,816
April                        112,300             93,475           18,825
May                          113,819             95,128           18,690
June                         116,099             97,132           18,967

July                         116,719             97,461           19,258
August                       117,936             98,509           19,427
September                    118,428             98,926           19,502
October                      118,526             98,857           19,668
November                     119,609             99,622           19,987
December                     121,375            101,012           20,364

2003                                                                    

January                      123,453            102,847           20,607
February                     123,673            102,981           20,691
March                        124,462            103,801           20,661
April                        124,608            104,070           20,538
May                          124,677            104,148           20,528
June                         123,951            103,362           20,589

July                         124,817            103,787           21,030
August                       125,111            103,691           21,420
September                    125,991            104,295           21,696
October                      127,048            105,154           21,894
November                     128,994            106,884           22,110
December                     131,267            108,766           22,501

2004                                                                    

January (R)                  132,936            110,153           22,783
February (R)                 135,648            112,525           23,123
March (R)                    138,456            115,125           23,330
April (R)                    141,236            117,678           23,558
May (R)                      143,269            119,499           23,770
June (R)                     145,272            121,194           24,078

July (R)                     146,517            122,291           24,226
August (R)                   148,504            123,899           24,605
September (R)                148,550            124,010           24,540
October (R)                  151,000            126,366           24,634
November (R)                 153,035            128,488           24,547
December                     155,677            130,927           24,750
                                                  

NOTE:  (1)  Data presented on a Balance of Payments (BOP) basis. For information
on data sources and methodology, see the information section on page 26 of this
release, or at www.census.gov/ft900 or www.bea.gov/bea/di/home/trade.htm.

NOTE:   The three-month moving averages shown in this exhibit are computed by
summing the subject month, the two prior months, dividing by three and showing
the average at the end month of the period.  A moving average is useful in
smoothing the volatile trade data so that trends can better be discerned.
                                                  
SOURCE: Report FT900 (CB-05-17, BEA-05-05), Bureau of the Census, Foreign
Trade Division, December 2004.  For more information, contact Nick Orsini
(301-763-6959) or Vanessa Ware (301-763-2311), Foreign Trade Division.
