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, JUNE 10, 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
                                   
CB05-81, BEA05-25, FT-900 (05-04)
                                        
         U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
                           April 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 April exports of
$106.4 billion and imports of $163.4 billion resulted in
a goods and services deficit of $57.0 billion, $3.4 billion
more than the $53.6 billion in March, revised.  April
exports were $3.1 billion more than March exports of
$103.4 billion.  April imports were $6.5 billion more
than March imports of $156.9 billion.
                                                                  
     In April, the goods deficit increased $3.3 billion from
March to $62.2 billion, and the services surplus was
virtually unchanged at $5.3 billion.  Exports of goods
increased $3.0 billion to $74.5 billion, and imports of goods
increased $6.3 billion to $136.7 billion.  Exports of services
increased $0.1 billion to $31.9 billion, and imports of
services increased $0.1 billion to $26.6 billion.

     In April, the goods and services deficit was up $8.6 billion
from April 2004.  Exports were up $12.0 billion, or 12.7 percent,
and imports were up $20.5 billion, or 14.4 percent.
     
Goods

     The March to April change in exports of goods reflected
increases in capital goods ($1.6 billion); industrial supplies and 
materials ($0.9 billion); other goods ($0.3 billion); 
automotive vehicles, parts, and engines ($0.2 billion); and foods,
feeds, and beverages ($0.2 billion).  A decrease occurred in
consumer goods ($0.1 billion).

   The March to April change in imports of goods reflected
increases in capital goods ($2.3 billion); industrial supplies and
materials ($1.8 billion); consumer goods ($1.8 billion); other
goods ($0.3 billion); and  automotive vehicles, parts, and engines
($0.2 billion). Foods, feeds, and beverages were virtually
unchanged.

     

     The April 2004 to April 2005 change in exports of goods
reflected increases in capital goods ($3.3 billion); industrial
supplies and materials ($3.2 billion); consumer goods ($0.8
billion); automotive vehicles, parts, and engines ($0.6 billion);
other goods ($0.3 billion); and foods, feeds, and beverages ($0.3
billion).
          
     The April 2004 to April 2005 change in imports of goods
reflected increases in industrial supplies and materials ($10.7
billion); capital goods ($3.9 billion); consumer goods ($2.5
billion); other goods ($0.5 billion); and foods, feeds, and
beverages ($0.5 billion).  A decrease occurred in automotive
vehicles, parts, and engines ($0.3 billion).
                                                                  
                                 
Services

     Services exports increased $0.1 billion from March to April. 
Increases in travel and other private services (which includes
items such as business, professional, and technical services,
insurance services, and financial services) were partly offset by a
decrease in transfers under U.S. military sales contracts.  Changes
in the other categories of services exports were small.
          
     Services imports increased $0.1 billion from March to April. 
The increase was more than accounted for by increases in other
private services and travel.  Changes in the other categories of
services imports were small.
          
     From April 2004 to April 2005, services exports increased $3.6
billion.  The largest increases were in other private services ($1.2
billion), royalties and license fees ($0.9 billion), and travel ($0.7
billion).  

     From April 2004 to April 2005, services imports increased $2.7
billion.  The largest increases were in other private services ($1.0
billion) and other transportation, which includes freight and port
services ($0.6 billion). 

                                                                  
Goods and Services Moving Average 

     For the three months ending in April, exports of goods and
services averaged $103.8 billion, while imports of goods and
services averaged $160.7 billion, resulting in an average trade
deficit of $56.9 billion.  For the three months ending in March, the
average trade deficit was $57.3 billion, reflecting average exports
of $102.6 billion and average imports of $159.8 billion.

Scheduled release dates through February 2006 are located on page 30

Selected Not Seasonally Adjusted Goods Details 
                                
     The April figures showed surpluses, in billions of dollars, with
    Hong Kong $0.9 (for March $0.9), Australia $0.7 ($0.8),
  Singapore $0.3 ($0.9), and Egypt $0.1 ($0.1).  Deficits were
recorded, in billions of dollars, with China $14.7 ($12.9), Europe
$11.8 ($10.9), the European Union $9.3 ($9.3), Japan $7.2 ($7.8),
OPEC $7.1 ($6.6), Canada $5.4 ($5.0), Mexico $4.4 ($4.3), Korea
    $1.3 ($1.3), Brazil $0.8 ($0.7), and Taiwan $0.7 ($0.7).
                                
        Advanced technology products (ATP) exports were $18.7
billion in April and imports were $20.9 billion, resulting in a
deficit of $2.2 billion.  April exports were $0.8 billion less than the
$19.5 billion in March, while imports were $0.1 billion less than
                  the $21.0 billion in March.
                                 
                                 
Revisions
     
     Goods carry-over in April was $0.2 billion (0.3 percent) for
exports and $0.8 billion (0.6 percent) for imports.  For March,
revised export carry-over was virtually zero, revised down from
$0.1 billion (0.2 percent).  For March, revised import carry-over
was $0.2 billion (0.1 percent), revised down from $1.0 billion (0.7
percent).

     Goods and services exports and imports for all months shown
in this release reflect the incorporation of annual revisions to the
goods and services series in the U.S. international transactions
accounts.  See the "Notice" in this release for a description of
major revisions to goods and services exports and imports.
     
NOTICE

In this release and the accompanying "U.S. International Trade in Goods and Services: Annual
Revision for 2004", the U.S. Census Bureau and the U.S. Bureau of Economic Analysis (BEA) are
jointly publishing revised data on U.S. trade in goods for 2002-2004 and the first three months of
2005 and revised data on services for 1992-2004 and the first three months of 2005.  

Goods

The 2004 not seasonally adjusted Census-basis goods data were revised to eliminate monthly data
that arrived too late for inclusion in the month of transaction but that were included, initially, in the
month in which the data were received.  In addition, corrections were made to previously published
data.  Once the redistributions of data to the proper month of transaction and corrections were
completed, factors for seasonal adjustments and trading day adjustments were recomputed and the
seasonally adjusted current-dollar series were revised for 2002-2004 and the first three months of
2005.  Similar changes were made to the chain-weighted dollar series.  

Services

The services estimates were revised for 1992-2004 and the first three months of 2005.  The revisions
resulted from the incorporation of results from BEA's annual and quarterly surveys and from other
newly available and updated source data.  Revisions from these sources have an impact mostly on
receipts and payments for 2002-2004 and the first three months of 2005.   

Beginning with 2004, estimates of  major types of other private services transactions are based on
quarterly rather than annual BEA surveys.  BEA has instituted a program of quarterly surveys to
better capture movements of large and volatile categories of transactions, as well as to improve the
coverage of transactions.  In addition, estimates of medical services payments, a component of other
private services, are introduced for 1992-2004 and the first three months of 2005.


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