                       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. EDT TUESDAY, SEPTEMBER 13, 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
                              
                                        CB05-132, BEA05-40, FT-900 (05-07)
                                 
U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
July 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 July exports of
$106.2 billion and imports of $164.2 billion resulted in
a goods and services deficit of $57.9 billion, $1.6 billion
less than the $59.5 billion in June, revised.  July exports
were $0.4 billion more than June exports of $105.8
billion.  July imports were $1.1 billion less than June
imports of $165.3 billion.
                                                                  
In July, the goods deficit decreased $1.3 billion from
June to $62.6 billion, and the services surplus increased $0.3
billion to $4.6 billion.  Exports of goods increased $0.4
billion to $74.9 billion, and imports of goods decreased $0.9
billion to $137.5 billion.  Exports of services were virtually
unchanged at $31.3 billion, and imports of services
decreased $0.3 billion to $26.7 billion.

In July, the goods and services deficit was up $6.6 billion
from July 2004.  Exports were up $10.0 billion, or 10.4 percent,
and imports were up $16.7 billion, or 11.3 percent.
     
Goods

The June to July change in exports of goods reflected increases
in industrial supplies and materials ($0.3 billion); capital goods 
($0.2 billion); automotive vehicles, parts, and engines ($0.1
billion); and consumer goods ($0.1 billion).  Decreases occurred
in other goods ($0.4 billion) and foods, feeds, and beverages ($0.1
billion).

The June to July change in imports of goods reflected decreases
in consumer goods ($0.8 billion) and capital goods ($0.7 billion). 
Increases occurred in industrial supplies and materials ($0.5
billion); automotive vehicles, parts, and engines ($0.1 billion); and
other goods ($0.1 billion).  Foods, feeds, and beverages were
virtually unchanged. 
    
The July 2004 to July 2005 change in exports of goods reflected
increases in industrial supplies and materials ($2.5 billion); capital
goods ($2.3 billion); consumer goods ($1.2 billion); automotive
vehicles, parts, and engines ($0.4 billion); foods, feeds, and beverages
($0.4 billion); and other goods ($0.4 billion). 
          
The July 2004 to July 2005 change in imports of goods reflected
increases in industrial supplies and materials ($7.9 billion); capital
goods ($2.8 billion); consumer goods ($2.4 billion); automotive
vehicles, parts, and engines ($0.7 billion); other goods ($0.6 billion);
and foods, feeds, and beverages ($0.4 billion).
                                                                   
                                  
Services

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

Services imports decreased $0.3 billion from June to July.  The
decrease was more than accounted for by decreases in travel and
passenger fares.  Changes in the other categories of services imports
were small. 

From July 2004 to July 2005, services exports increased $2.9
billion.  The largest increases were in royalties and license fees ($0.8
billion) and travel ($0.7 billion).  

From July 2004 to July 2005, services imports increased $2.0
billion.  The largest increases were in other private services, which
includes items such as business, professional, and technical services,
insurance services, and financial services ($0.7 billion) and other
transportation, which includes freight and port services ($0.5 billion).
                                  
                                                                   
Goods and Services Moving Average 

For the three months ending in July, exports of goods and services
averaged $105.9 billion, while imports of goods and services
averaged $163.8 billion, resulting in an average trade deficit of $57.8
billion.  For the three months ending in June, the average trade deficit
was $57.8 billion, reflecting average exports of $105.8 billion and
average imports of $163.5 billion.
                                  
Selected Not Seasonally Adjusted Goods Details 

The July figures showed surpluses, in billions of dollars, with
Australia $0.6 (for June $0.7), Hong Kong $0.5 ($0.7), Singapore
$0.4 ($0.5), and Egypt $0.1 ($0.2).  Deficits were recorded, in
billions of dollars, with China $17.7 ($17.6), Europe $13.1 ($12.8),
the European Union $11.2 ($10.8), OPEC $8.9 ($7.7), Japan $6.6
($6.9), Canada $6.2 ($5.4), Mexico $3.5 ($4.8), Taiwan $1.1 ($1.2),
Korea $1.0 ($1.3), and Brazil $0.8 ($0.8).

Advanced technology products (ATP) exports were $17.3 billion
in July and imports were $21.5 billion, resulting in a deficit of $4.2
billion.  July exports were $2.0 billion less than the $19.3 billion in
June, while imports were $1.5 billion less than the $22.9 billion in
June.                                  
                                  
Revisions
     
Goods carry-over in July was $0.4 billion (0.5 percent) for
exports and $1.0 billion (0.7 percent) for imports.  For June, revised
export carry-over was $0.2 billion (0.2 percent), revised down from
$0.3 billion (0.4 percent).  For June, revised import carry-over was
$0.2 billion (0.1 percent), revised down from $1.0 billion (0.7
percent). 

Services exports and imports for January through June 2005
reflect the incorporation of more comprehensive and revised
quarterly and monthly data.  For services exports, the largest
revisions over the entire period were in other private services.  For
services imports, the largest revisions over the entire period were
also in other private services.

Services exports for June were revised down $1.1 billion to $31.3 billion; 
the revision was mostly the result of the reporting of settlements under 
financial contracts as other private services.  Services imports for June 
were revised down $0.2 billion to $27.0 billion; the revision was accounted 
for by downward revisions in other private services and royalties and 
license fees, which were partly offset by upward revisions in travel and 
other transportation.

Scheduled release dates through February 2006 are located on page 30    

Table of Contents

Seasonally Adjusted                                                
   
Exhibit 1   U.S. 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-05-132, BEA-05-40), Bureau of the Census, Foreign 
Trade Division, July 2005.  For more information, contact Nick Orsini 
(301-763-6959) or Vanessa Ware (301-763-2311), Foreign Trade Division. 