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 TUESDAY, APRIL 12, 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
                                   
CB05-50, BEA05-14, FT-900 (05-02)

U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
February 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 February  exports
of $100.5 billion and imports of $161.5 billion resulted
in a goods and services deficit of $61.0 billion, $2.5
billion more than the $58.5 billion in January, revised.
February exports were $0.1 billion more than January
exports of $100.4 billion.  February imports were $2.6
billion more than January imports of $158.9 billion.

In February, the goods deficit increased $2.3 billion from
January to $64.7 billion, and the services surplus decreased
$0.3 billion to $3.7 billion.  Exports of goods increased $0.1
billion to $71.2 billion, and imports of goods increased $2.3
billion to $135.9 billion.  Exports of services were virtually
unchanged at $29.3 billion, and imports of services
increased $0.2 billion to $25.6 billion.

In February, the goods and services deficit was up $15.2
billion from February 2004.  Exports were up $8.1 billion, or
8.7 percent, and imports were up $23.2 billion, or 16.8 percent.
     
Goods

The January to February change in exports of goods reflected
increases in industrial supplies and materials ($0.5 billion) and
consumer goods ($0.3 billion).  Decreases occurred in 
capital goods ($0.4 billion) and automotive vehicles, parts, and
engines ($0.3 billion).  Foods, feeds, and beverages and other
goods were virtually unchanged.

The January to February change in imports of goods reflected
increases in industrial supplies and materials ($2.3 billion);
consumer goods ($0.7 billion); and automotive vehicles, parts,
and engines ($0.2 billion).  A decrease occurred in capital
goods ($0.8 billion).  Foods, feeds, and beverages and other
goods were virtually unchanged.
     
The February 2004 to February 2005 change in exports of goods
reflected increases in industrial supplies and materials ($2.8
billion); consumer goods ($1.4 billion); capital goods ($0.9 billion);
and automotive vehicles, parts, and engines ($0.9 billion).  Foods,
feeds, and beverages and other goods were virtually unchanged.

The February 2004 to February 2005 change in imports of goods
reflected increases in industrial supplies and materials ($9.3
billion); consumer goods ($6.1 billion); capital goods ($3.7 billion);
automotive vehicles, parts, and engines ($1.1 billion); foods, feeds,
and beverages ($0.5 billion); and other goods ($0.3 billion).
                                                                   
                                  
Services

Services exports were virtually unchanged from January to
February.  A decrease in travel was partly offset by an increase in
transfers under U.S. military sales contracts.  Changes in the other
categories of services exports were small.

Services imports increased $0.2 billion from January to
February.  Most of the increase was accounted for by increases in
other transportation (which includes freight and port services) 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 February 2004 to February 2005, services exports
increased $1.9 billion.  The largest increases were in other private
services ($0.8 billion), royalties and license fees ($0.4 billion), and
travel ($0.3 billion).  

From February 2004 to February 2005, services imports
increased $2.3 billion.  The largest increases were in other
transportation ($0.9 billion) and other private services ($0.6
billion).

                                                                   
Goods and Services Moving Average 

For the three months ending in February, exports of goods and
services averaged $100.4 billion, while imports of goods and
services averaged $158.9 billion, resulting in an average trade
deficit of $58.4 billion.  For the three months ending in January, the
average trade deficit was $57.9 billion, reflecting average exports of
$99.4 billion and average imports of $157.3 billion.

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

Selected Not Seasonally Adjusted Goods Details 
                                 
The February figures showed surpluses, in billions of
dollars, with Australia $0.7 ( for January $0.6), Hong Kong $0.7
($0.4), Singapore $0.4 ($0.3), and Egypt $0.1 ($0.2).  Deficits
were recorded, in billions of dollars, with China $13.9 ($15.3),
Europe $10.1 ($9.5), the European Union $8.5 ($8.1), Japan
$6.9 ($6.2), OPEC $6.3 ($6.1), Canada $5.8 ($6.3), Mexico
$3.7 ($2.9), Korea $1.2 ($1.9), Taiwan $1.0 ($1.2), and Brazil
$0.6 ($0.9). 
                                 
Advanced technology products (ATP) exports were $14.9
billion in February and imports were $18.3 billion, resulting in
a deficit of $3.4 billion.  February exports were $0.3 billion less
than the $15.2 billion in January, while imports were $0.5
billion less than the $18.8 billion in January.
                                  

Revisions
     
Goods carry-over in February was $0.4 billion (0.6 percent)
for exports and $1.1 billion (0.9 percent) for imports.  For
January, revised export carry-over was $0.2 billion (0.2
percent), revised down from $0.4 billion (0.6 percent).  For
January, revised import carry-over was $0.2 billion (0.1
percent), revised down from $1.1 billion (0.9 percent).
          
     
Services exports for January were revised down $0.2 billion
to $29.3 billion; the revision was mostly accounted for by a
downward revision in travel.  Services imports for January were
revised down $0.2 billion to $25.4 billion; the revision was
mostly accounted for by a downward 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-05-50, BEA-05-14), Bureau of the Census, Foreign 
Trade Division, February 2005.  For more information, contact Nick Orsini 
(301-763-6959) or Vanessa Ware (301-763-2311), Foreign Trade Division. 