                       U.S. Census Bureau
                U.S. Bureau of Economic Analysis
                              NEWS
          U.S. Department of Commerce  Washington, D.C. 20230
                                                            
                         
                     FOR IMMEDIATE RELEASE
              8:30 A.M. EST FRIDAY, MARCH 11, 2005

For information on goods contact:            For information on services contact:
U.S. Census Bureau:                     U.S. Bureau of Economic Analysis:
Nick Orsini    (301) 763-6959           Technical: Christopher Bach   (202) 606-9545
Vanessa Ware   (301) 763-2311           Media: Ralph Stewart          (202) 606-9690
                                   
                                        CB05-34, BEA05-08, FT-900 (05-01)

         U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
                          January 2005
                                
                                
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 January  exports
of $100.8 billion and imports of $159.1 billion resulted
in a goods and services deficit of $58.3 billion,
compared with $55.7 billion in December, revised. 
January exports were $0.4 billion more than December
exports of $100.4 billion.  January imports were $2.9
billion more than December imports of $156.2 billion.

     In January, the goods deficit increased $2.4 billion from
December to $62.3 billion, and the services surplus
decreased $0.1 billion to $4.0 billion.  Exports of goods
increased $0.1 billion to $71.3 billion, and imports of goods
increased $2.5 billion to $133.5 billion.  Exports of services
increased $0.3 billion to $29.6 billion, and imports of
services increased $0.4 billion to $25.6 billion.

     In January, the goods and services deficit was up $12.4
billion from January 2004.  Exports were up $12.0 billion, or
13.6 percent, and imports were up $24.5 billion, or 18.2
percent.
     
Goods

     The December to January  change in exports of goods reflected
increases in automotive vehicles, parts, and engines 
($0.3 billion) and other goods ($0.1 billion).  Decreases
occurred in capital goods ($0.2 billion); consumer goods ($0.2
billion); and foods, feeds, and beverages ($0.1 billion). 
Industrial supplies and materials were virtually unchanged.

   The December to January change in imports of goods
reflected increases in consumer goods ($2.0 billion); automotive
vehicles, parts, and engines ($0.5 billion); capital goods ($0.5
billion); and other goods ($0.2 billion).  A decrease occurred in
industrial supplies and materials ($0.7 billion).  Foods, feeds,
and beverages were virtually unchanged.     

   The January 2004 to January 2005 change in exports of goods
reflected increases in industrial supplies and materials ($3.2
billion); capital goods ($2.6 billion); consumer goods ($1.5 billion);
automotive vehicles, parts, and engines ($1.4 billion); other goods
($0.3 billion); and foods, feeds, and beverages ($0.1 billion).

     The January 2004 to January 2005 change in imports of goods
reflected increases in industrial supplies and materials ($9.9
billion); consumer goods ($5.1 billion); capital goods ($3.9 billion);
automotive vehicles, parts, and engines ($1.9 billion);  foods, feeds,
and beverages ($0.7 billion); and other goods ($0.5 billion).
                                                                   

Services
     
     Services exports increased $0.3 billion from December to
January.  Half of the increase was accounted for by an increase in
travel.  Changes in the other categories of services exports were
small.

     Services imports increased $0.4 billion from December to
January.  The increase was mostly accounted for by increases in
other transportation, which includes freight and port services, and
travel.  Changes in the other categories of services imports were
small. 

     From January 2004 to January 2005, services exports increased
$2.6 billion.  The largest increases were in travel ($0.9 billion) and
in other private services, which includes items such as business,
professional, and technical services, insurance services, and
financial services ($0.8 billion).  

     From January 2004 to January 2005, services imports increased
$2.4 billion.  The largest increases were in other transportation
($0.9 billion), other private services ($0.6 billion), and travel ($0.4
billion). 

                                                                   
Goods and Services Moving Average 

     For the three months ending in January, exports of goods and
services averaged $99.5 billion, while imports of goods and services
averaged $157.3 billion, resulting in an average trade deficit of
$57.8 billion.  For the three months ending in December, the
average trade deficit was $57.0 billion, reflecting average exports
of $98.6 billion and average imports of $155.6 billion.


Scheduled release dates through February 2006 are located on page 30.

Selected Not Seasonally Adjusted Goods Details 
                                 
     The January figures showed surpluses, in billions of dollars,
     with Australia $0.6 (for December $0.5), Hong Kong $0.4
 ($0.7), Singapore $0.3 ($0.2), and Egypt $0.2 ($0.1).  Deficits
 were recorded, in billions of dollars, with China $15.3 ($14.3),
   Europe $9.5 ($11.9), the European Union $8.1 ($10.3), Japan
  $6.2 ($6.9), Canada $6.2 ($4.9), OPEC $6.1 ($5.8), Mexico $2.9
    ($3.4), Korea $1.9 ($1.3), Taiwan $1.2 ($0.6), Brazil $0.9
               ($0.9), and Argentina $0.1 ($0.1).  
                                 
         Advanced technology products (ATP) exports were $15.2
billion in January and imports were $18.8 billion, resulting in a
 deficit of $3.7 billion.  January exports were $2.8 billion less
   than the $18.0 billion in December, while imports were $2.7
         billion less than the $21.5 billion in December.
                                  

Revisions
     
     Goods carry-over in January was $0.4 billion (0.6 percent)
for exports and $1.1 billion (0.9 percent) for imports.  For
December, revised export carry-over was $0.2 billion (0.3
percent), revised down from $0.4 billion (0.6 percent).  For
December, revised import carry-over was $0.4 billion (0.3
percent), revised down from $2.0 billion (1.6 percent).
          
     Goods and services exports and imports for all months in
2004 were revised in order to align the seasonally adjusted 
monthly data with the annual totals.
     
     Services exports and imports for July through December
2004 reflect the incorporation of more comprehensive and
revised quarterly and monthly data.  For services exports, the
largest revision over the entire period was in other private
services.  For services imports, the largest revisions over the
entire period were in other transportation and other private
services.

     Services exports for December were revised up $0.2 billion
to $29.3 billion; the revision was mostly accounted for by an
upward revision in other private services.  Services imports for
December were revised up $0.3 billion to $25.2 billion; the
revision was mostly accounted for by upward revisions in other
transportation and other private services .
     
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 Averages5

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 Category9

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 Category18

Exhibit 14  Exports, Imports, and Balance of Goods by Selected  
                   Countries and Areas   . . . . . . . . . . . . 19

Exhibit 15  Exports and Imports of Goods by Principal SITC Commodities21

Exhibit 16  Exports, Imports, and Balance of Advanced Technology Products23

Exhibit 17  Imports of Energy - Related Petroleum Products, 
              Including Crude Oil. . . . . . . . . . . . . . . . 24

Exhibit 18  Exports and Imports of Motor Vehicles and Parts By Selected Countries25

Information on Goods and Services. . . . . . . . . . . . . . . . 26

SOURCE: Report FT900 (CB-05-34, BEA-05-08), Bureau of the Census, Foreign
Trade Division, January 2005.  For more information, contact Nick Orsini
(301-763-6959) or Vanessa Ware (301-763-2311), Foreign Trade Division.