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 THURSDAY, OCTOBER 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
                              
CB05-147, BEA05-45, FT-900 (05-08)
                                 
U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
August 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 August exports of
$108.2 billion and imports of $167.2 billion resulted in
a goods and services deficit of $59.0 billion, compared
with $58.0 billion in July, revised.  August exports were
$1.8 billion more than July exports of $106.4 billion. 
August imports were $2.9 billion more than July imports
of $164.3 billion.
                                                                  
In August, the goods deficit increased $1.3 billion from
July to $63.8 billion, and the services surplus increased $0.2
billion to $4.8 billion.  Exports of goods increased $1.6
billion to $76.7 billion, and imports of goods increased $2.9
billion to $140.5 billion.  Exports of services increased $0.2
billion to $31.5 billion, and imports of services were
virtually unchanged at $26.7 billion.

In August, the goods and services deficit was up $4.8
billion from August 2004.  Exports were up $11.7 billion, or
12.1 percent, and imports were up $16.5 billion, or 10.9
percent.
     
Goods

The July to August change in exports of goods reflected
increases in capital goods ($1.1 billion); automotive vehicles, 
parts, and engines ($0.3 billion); industrial supplies and materials
($0.2 billion); other goods ($0.2 billion); and foods, feeds, and
beverages ($0.1 billion).  Consumer goods were virtually
unchanged.

The July to August change in imports of goods reflected
increases in industrial supplies and materials ($1.7 billion);
automotive vehicles, parts, and engines ($1.2 billion); capital
goods ($0.2 billion); and foods, feeds, and beverages ($0.1
billion).  Decreases occurred in other goods ($0.2 billion) and
consumer goods ($0.1 billion).

The August 2004 to August 2005 change in exports of goods
reflected increases in capital goods ($3.3 billion); industrial
supplies and materials ($3.1 billion); consumer goods ($0.8
billion); foods, feeds, and beverages ($0.6 billion); other goods
($0.6 billion); and automotive vehicles, parts, and engines ($0.6
billion).
          
The August 2004 to August 2005 change in imports of goods
reflected increases in industrial supplies and materials ($7.2
billion); capital goods ($3.0 billion); consumer goods ($2.7 billion);
automotive vehicles, parts, and engines ($1.7 billion); foods, feeds,
and beverages ($0.5 billion); and other goods ($0.2 billion).
                                                                   
                                  
Services
                                  
Services exports increased $0.2 billion from July to August.  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 ($0.2
billion),  and royalties and license fees ($0.1 billion), which were
partly offset by a decrease in transfers under U.S. military sales
contracts ($0.1 billion).  Changes in other categories of services
exports were small.

Services imports were virtually unchanged from July to August. 
A decrease in travel ($0.1 billion) was nearly offset by small
increases in several other categories of services imports.
          
From August 2004 to August 2005, services exports increased
$3.1 billion.  The largest increases were in travel ($0.9 billion),
royalties and license fees ($0.7 billion), and other private services
($0.6 billion).

From August 2004 to August 2005, services imports increased
$1.1 billion.  The largest increases were in other private services
($0.7 billion), travel ($0.4 billion), and other transportation, which
includes freight and port services ($0.4 billion).
                                  
Goods and Services Moving Average 

For the three months ending in August, exports of goods and
services averaged $106.8 billion, while imports of goods and
services averaged $165.6 billion, resulting in an average trade
deficit of $58.8 billion.  For the three months ending in July, the
average trade deficit was $57.9 billion, reflecting average exports of
$106.0 billion and average imports of $163.8 billion.
                                  
Selected Not Seasonally Adjusted Goods Details 

The August figures showed surpluses, in billions of dollars, with
Australia $0.7 (for July $0.6), Hong Kong $0.6 ($0.5), Singapore
$0.4 ($0.4), and Egypt $0.1 ($0.1).  Deficits were recorded, in
billions of dollars, with China $18.5 ($17.7), Europe $12.8 ($13.1),
the European Union $11.3 ($11.2), OPEC $9.0 ($8.9), Canada $6.7
($6.0), Japan $6.6 ($6.6), Mexico $4.2 ($3.5), Korea $1.3 ($1.0),
Taiwan $0.8 ($1.1), and Brazil $0.6 ($0.8).  

Advanced technology products (ATP) exports were $18.5 billion
in August and imports were $21.8 billion, resulting in a deficit of
$3.3 billion.  August exports were $1.2 billion more than the $17.3
billion in July, while imports were $0.3 billion more than the $21.5
billion in July.
                                  
Revisions
     
Goods carry-over in August was $0.2 billion (0.3 percent) for
exports and $1.3 billion (0.9 percent) for imports.  For July, revised
export carry-over was $0.2 billion (0.2 percent), revised down from
$0.4 billion (0.5 percent).  For July, revised import carry-over was
$0.3 billion (0.2 percent), revised down from $1.0 billion (0.7
percent).

Services exports for July were virtually unchanged at $31.3
billion.  Services imports for July were virtually unchanged at $26.7
billion.
                                  
Scheduled FT-900 release dates through February 2006 are located on page 30  

NOTICE

New Preliminary Export and Import Goods Data for the Gulf Region

On October 21, 2005 at 10 a.m. the Census Bureau will release preliminary 
September 2005 export and import data for districts in the Gulf Region affected 
by the hurricanes, three weeks earlier than the official September release.  The 
report will be available at: www.census.gov/trade and contains preliminary export 
and import totals for each of the ports in the Gulf region and aggregated 
industry data for five Custom Districts.  This release will pertain solely to 
Census basis goods trade data involving districts in the region affected by 
hurricanes Katrina and Rita, and will not include any data on trade in services. 
An example of the preliminary release can be found at: 
www.census.gov/foreign-trade/Press-Release/gulf_index.html

The Census Bureau requested, and the Office of Management and Budget (OMB) 
granted an exception under Section 7 of OMB Statistical Policy Directive No. 3 on 
the Compilation, Release, and Evaluation of Principal Federal Economic Indicators 
to the previously approved schedule of release dates.  The OMB exception, for a 
period not to exceed six months, was for the sole purpose of providing public 
release of preliminary monthly trade statistics for the Gulf region. 
  
The data will provide more timely trade statistics on export and import flows in 
this major international trade gateway.  The statistics in this release will have 
several limitations, most significant being the coverage of the preliminary data in 
relation to the final data.  Analysis of Gulf Region export and import goods data 
indicates the value of preliminary data should equal between 70 to 90 percent of 
the final value reported in the regular monthly trade report with wider 
variations by district, port, and industry group.

Preliminary data will be released for the next four months at 10 a.m. on the dates 
provided below. OMB, in consultation with the Census Bureau, will determine if an 
optional two- month extension is warranted.

Statistical Month	Date      Day
            
September 2005      	10-21-05  Friday
October 2005            11-21-05  Monday
November 2005       	12-20-05  Tuesday
December 2005       	01-20-06  Friday


If you have questions please contact nick.orsini@census.gov.  

Table of Contents

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-05-147, BEA-05-45), Bureau of the Census, Foreign
Trade Division, August 2005.  For more information, contact Nick Orsini
(301-763-6959) or Vanessa Ware (301-763-2311), Foreign Trade Division.