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 WEDNESDAY, MAY 11, 2005

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

CB05-66, BEA05-20, FT-900 (05-03)

U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
March 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 March  exports of
$102.2 billion and imports of $157.2 billion resulted in
a goods and services deficit of $55.0 billion, $5.6 billion
less than the $60.6 billion in February, revised.  March
exports were $1.5 billion more than February exports of
$100.7 billion.  March imports were $4.1 billion less
than February imports of $161.2 billion.
                                                                  
In March, the goods deficit decreased $5.2 billion from
February to $59.4 billion, and the services surplus increased
$0.4 billion to $4.4 billion.  Exports of goods increased $1.0
billion to $72.1 billion, and imports of goods decreased $4.2
billion to $131.5 billion.  Exports of services increased $0.5
billion to $30.1 billion, and imports of services increased
$0.1 billion to $25.7 billion.

In March, the goods and services deficit was up $7.9 billion
from March 2004.  Exports were up $6.8 billion, or 7.1 percent,
and imports were up $14.7 billion, or 10.3 percent.
     
Goods

The February to March change in exports of goods reflected
increases in capital goods ($0.9 billion); foods, feeds, and
beverages ($0.3 billion);  and other goods ($0.1 billion).  
Decreases occurred in industrial supplies and materials ($0.1
billion) and automotive vehicles, parts, and engines ($0.1 billion). 
Consumer goods were virtually unchanged.

The February to March change in imports of goods reflected
decreases in consumer goods ($2.4 billion); automotive vehicles,
parts, and engines ($1.3 billion); capital goods ($0.3 billion); and
industrial supplies and materials ($0.2 billion).  Foods, feeds, and
beverages and other goods were virtually unchanged. 
     

The March 2004 to March 2005 change in exports of goods
reflected increases in industrial supplies and materials ($2.0
billion); capital goods ($1.3 billion); consumer goods ($0.8
billion); automotive vehicles, parts, and engines ($0.5 billion); and
foods, feeds, and beverages ($0.1 billion).  A decrease occurred in
other goods ($0.3 billion).
          
The March 2004 to March 2005 change in imports of goods
reflected increases in industrial supplies and materials ($8.4
billion); capital goods ($2.3 billion); consumer goods ($1.4
billion); other goods ($0.4 billion); and foods, feeds, and
beverages ($0.3 billion).  A decrease occurred in automotive
vehicles, parts, and engines ($0.2 billion).
                                                                  
                                 
Services

Services exports increased $0.5 billion from February to
March.  The increase was mostly accounted for by increases in
other private services (which includes items such as business,
professional, and technical services, insurance services, and
financial services), travel, and other transportation (which
includes freight and port services).  Changes in the other categories
of services exports were small.

Services imports increased $0.1 billion from February to
March.  Increases in travel and other private services were partly
offset by a decrease in other transportation.  Changes in the other
categories of services imports were small.

From March 2004 to March 2005, services exports increased
$2.2 billion.  The largest increases were in other private services
($0.7 billion), travel ($0.7 billion), and royalties and license fees
($0.4 billion).

From March 2004 to March 2005, services imports increased
$2.1 billion.  The largest increases were in other private services
($0.6 billion), other transportation ($0.6 billion), and travel ($0.4
billion).

                                                                  
Goods and Services Moving Average 

For the three months ending in March, exports of goods and
services averaged $101.1 billion, while imports of goods and
services averaged $159.1 billion, resulting in an average trade
deficit of $58.0 billion.  For the three months ending in February,
the average trade deficit was $58.3 billion, reflecting average
exports of $100.5 billion and average imports of $158.8 billion.

                                 
Selected Not Seasonally Adjusted Goods Details 
                                
The March figures showed surpluses, in billions of dollars,
with Hong Kong $0.9 (for February $0.7), Singapore $0.9 ($0.4),
Australia $0.8 ($0.7), and Egypt $0.1 ($0.1).  Deficits were
recorded, in billions of dollars, with China $12.9 ($13.9), Europe
$10.9 ($10.1), the European Union $9.3 ($8.5), Japan $7.8 ($6.9),
OPEC $6.6 ($6.3), Canada $5.0 ($5.8), Mexico $4.3 ($3.7), Korea
$1.3 ($1.2), Brazil $0.7 ($0.6), and Taiwan $0.7 ($1.0).  
                                
Advanced technology products (ATP) exports were $19.5
billion in March and imports were $21.0 billion, resulting in a
deficit of $1.5 billion.  March exports were $4.7 billion more than
the $14.9 billion in February, while imports were $2.7 billion more
than the $18.3 billion in February.
                                 
                                 
Revisions
     
Goods carry-over in March was $0.1 billion (0.2 percent) for
exports and $1.0 billion (0.7 percent) for imports.  For February,
revised export carry-over was $0.2 billion (0.3 percent), revised
down from $0.4 billion (0.6 percent).  For February, revised
import carry-over was $0.1 billion (0.1 percent), revised down
from $1.1 billion (0.9 percent).

Services exports for February were revised up $0.3 billion to
$29.6 billion; the revision was mostly accounted for by an upward
revision in travel.  Services imports for February were revised
down $0.1 billion to $25.6 billion; the revision was mostly
accounted for by a downward revision in 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-05-66, BEA-05-20), Bureau of the Census, Foreign 
Trade Division, March 2005.  For more information, contact Nick Orsini 
(301-763-6959) or Vanessa Ware (301-763-2311), Foreign Trade Division. 