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, DECEMBER 14, 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) 606-2649
                              
CB05-172, BEA05-52, FT-900 (05-10)
                                 
U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
October 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 October exports
of $107.5 billion and imports of $176.4 billion resulted
in a goods and services deficit of $68.9 billion, $2.9
billion more than the $66.0 billion in September, revised. 
October exports were $1.8 billion more than September
exports of $105.8 billion.  October imports were $4.7
billion more than September imports of $171.8 billion.
                                                                  
In October, the goods deficit increased $2.6 billion from
September to $73.9 billion, and the services surplus
decreased $0.3 billion to $5.0 billion.  Exports of goods
increased $1.8 billion to $75.2 billion, and imports of goods
increased $4.3 billion to $149.1 billion.  Exports of services
were virtually unchanged at $32.3 billion, and imports of
services increased $0.3 billion to $27.3 billion. 

In October, the goods and services deficit was up $13.3
billion from October 2004.  Exports were up $9.0 billion, or 9.2
percent, and imports were up $22.3 billion, or 14.5 percent. 
     
Goods

The September to October change in exports of goods reflected
increases in capital goods ($1.8 billion); foods, feeds, and 
beverages ($0.2 billion); automotive vehicles, parts, and engines
($0.2 billion); industrial supplies and materials ($0.1 billion); and
other goods ($0.1 billion).  A decrease occurred in consumer
goods ($0.6 billion). 

The September to October change in imports of goods reflected
increases in industrial supplies and materials ($3.5 billion);
automotive vehicles, parts, and engines ($0.8 billion); and
consumer goods ($0.4 billion).  Decreases occurred in foods, feeds,
and beverages ($0.2 billion); other goods ($0.1 billion); and
capital goods ($0.1 billion).
   
The October 2004 to October 2005 change in exports of goods
reflected increases in capital goods ($2.8 billion); industrial
supplies and materials ($1.1 billion); automotive vehicles, parts,
and engines ($0.7 billion); other goods ($0.7 billion); consumer
goods ($0.5 billion); and foods, feeds, and beverages ($0.3 billion).
          
The October 2004 to October 2005 change in imports of goods
reflected increases in industrial supplies and materials ($12.5
billion); consumer goods ($3.0 billion); capital goods ($2.3 billion);
automotive vehicles, parts, and engines ($1.4 billion); other goods
($0.6 billion); and foods, feeds, and beverages ($0.5 billion).
                                                                   
Services
                                  
Services exports were virtually unchanged from September to
October.  Decreases in travel and transfers under U.S. military sales
contracts were mostly offset by increases in other private services
(which includes items such as business, professional, and technical
services, insurance services, and financial services) and royalties
and license fees.  Changes in other categories of services exports
were small.

Services imports increased $0.3 billion from September to
October.  The increase was mostly accounted for by increases in
other transportation (which includes freight and port services) and
other private services.  Changes in other categories of services
imports were small.  
          
From October 2004 to October 2005, services exports increased
$3.0 billion.  The largest increases were in other private services
($0.9 billion), travel ($0.8 billion), and other transportation ($0.5
billion).

From October 2004 to October 2005, services imports increased
$1.9 billion.  The largest increases were in other private services
($0.9 billion), other transportation ($0.6 billion), and travel ($0.2
billion).
                                  
Goods and Services Moving Average 

For the three months ending in October, exports of goods and
services averaged $107.2 billion, while imports of goods and
services averaged $171.8 billion, resulting in an average trade
deficit of $64.6 billion.  For the three months ending in September,
the average trade deficit was $60.9 billion, reflecting average
exports of $106.9 billion and average imports of $167.9 billion. 
                                  
Scheduled FT-900 release dates through February 2007 are located on page 30

       
Selected Not Seasonally Adjusted Goods Details 

The October figures showed surpluses, in billions of dollars, with
Singapore $0.7 (for September $0.5), Australia $0.7 ($0.7), Hong
Kong $0.3 ($0.5), and Egypt $0.1 (virtually zero).  Deficits were
recorded, in billions of dollars, with China $20.5 ($20.1), Europe
$14.5 ($12.0), the European Union $12.1 ($10.1), OPEC $9.4 ($9.1),
Canada $8.1 ($7.4), Japan $7.4 ($6.4), Mexico $4.8 ($4.3), Taiwan
$1.3 ($1.3), Korea $1.2 ($1.2), and Brazil $1.0 ($0.7). 

Advanced technology products (ATP) exports were $18.8 billion
in October and imports were $23.8 billion, resulting in a deficit of
$4.9 billion.  October exports were $1.8 billion more than the $17.1
billion in September, while imports were $1.1 billion more than the
$22.6 billion in September.
                                  
                                  
Revisions
     
Goods carry-over in October was $0.2 billion (0.3 percent) for
exports and $1.7 billion (1.1 percent) for imports.  For September,
revised export carry-over was $0.1 billion (0.1 percent), revised
down from $0.2 billion (0.3 percent).  For September, revised import
carry-over was $0.2 billion (0.1 percent), revised down from $1.2
billion (0.8 percent).
                                  
Services exports for September were revised up $0.5 billion to
$32.3 billion.  Upward revisions in other private services and travel
were partly offset by a downward revision in royalties and license
fees.  Services imports for September were revised up $0.2 billion to
$27.0 billion.  Upward revisions in other private services and other
transportation were partly offset by downward revisions in travel and
royalties and license fees.
                                  
NOTICE TO USERS OF THE EXPORT CONSTANT DOLLAR 
(REAL) DATA SERIES

The Census Bureau has identified a processing error that caused an incorrect 
deflator to be applied to the export data for April 2005 through September 2005, 
as published in exhibits 10 and 11 of the September 2005 issue of the U.S. 
International Trade in Goods and Services report.  The revision procedure for 
the real dollars requires compiling new deflators at the end of each quarter 
and applying them to the current and previous quarter.  As new deflators were 
compiled for the September 2005 release, a processing error caused the deflator 
for semiconductors to be compiled incorrectly.  With this release, exhibits 10 
and 11 have been revised to reflect the current deflators and are available at 
www.census.gov/trade and www.bea.gov/bea/di/home/trade.htm.

The revisions do not affect the chained-dollar import, export, or gross domestic 
product estimates produced by the Bureau of Economic Analysis.

If you have further questions, contact the U.S. Census Bureau, Foreign Trade 
Division at: (301) 763-2311 or e-mail Vanessa Ware at vanessa.ware@census.gov.

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-05-172, BEA-05-52), Bureau of the Census, Foreign
Trade Division, October 2005.  For more information, contact Nick Orsini
(301-763-6959) or Vanessa Ware (301-763-2311), Foreign Trade Division.