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, FEBRUARY 10, 2006

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
                              
CB06-21, BEA06-04, FT-900 (05-12)
                                 
U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
December 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 December exports
of $111.5 billion and imports of $177.2 billion resulted
in a goods and services deficit of $65.7 billion, $1.0
billion more than the $64.7 billion in November, revised. 
December exports were $2.3 billion more than November
exports of $109.2 billion.  December imports were $3.3
billion more than November imports of $173.9 billion.
                                                                  
In December, the goods deficit increased $1.2 billion
from November to $70.6 billion, and the services surplus
increased $0.3 billion to $4.9 billion.  Exports of goods
increased $1.9 billion to $79.0 billion, and imports of goods
increased $3.1 billion to $149.6 billion.  Exports of services
increased $0.5 billion to $32.5 billion, and imports of
services increased $0.2 billion to $27.6 billion.

In December, the goods and services deficit was up $11.0
billion from December 2004.  Exports were up $9.8 billion, or
9.6 percent, and imports were up $20.8 billion, or 13.3 percent.
     
Goods

The November to December change in exports of goods
reflected increases in consumer goods ($0.6 billion); industrial 
supplies and materials ($0.6 billion); automotive vehicles, parts,
and engines ($0.4 billion); other goods ($0.3 billion); and capital
goods ($0.2 billion).  Foods, feeds, and beverages were virtually
unchanged.

The November to December change in imports of goods
reflected increases in consumer goods ($1.8 billion); capital goods
($0.8 billion); automotive vehicles, parts, and engines ($0.5
billion); foods, feeds, and beverages ($0.2 billion); and industrial
supplies and materials ($0.1 billion).  A decrease occurred in other
goods ($0.2 billion).

The December 2004 to December 2005 change in exports of
goods reflected increases in capital goods ($3.7 billion); industrial
supplies and materials ($1.6 billion); consumer goods ($1.2
billion); automotive vehicles, parts, and engines ($1.0 billion); and
other goods ($0.7 billion).  Foods, feeds, and beverages were
virtually unchanged.
          
The December 2004 to December 2005 change in imports of
goods reflected increases in industrial supplies and materials ($10.4
billion); capital goods ($3.2 billion); consumer goods ($2.5 billion);
automotive vehicles, parts, and engines ($2.1 billion); foods, feeds,
and beverages ($0.6 billion); and other goods ($0.3 billion).                                                                   
                                  
Services
                                  
Services exports increased $0.5 billion from November to
December.  The increase was mostly accounted for by increases in
travel, transfers under U.S. military sales contracts, and other
private services (which includes items such as business,
professional, and technical services, insurance services, and
financial services).  Changes in other categories of services exports
were small.   

Services imports increased $0.2 billion from November to
December.  The increase was more than accounted for by increases
in travel, passenger fares, and other private services.  Changes in
other categories of services imports were small.   
     
From December 2004 to December 2005, services exports
increased $1.8 billion.  The largest increases were in travel ($0.5
billion), other transportation, which includes freight and port
services ($0.5 billion), and other private services ($0.4 billion).

From December 2004 to December 2005, services imports
increased $1.7 billion.  The largest increases were in other private
services ($0.8 billion) and other transportation ($0.6 billion).
                                  
                                                                   
Goods and Services Moving Average 

For the three months ending in December, exports of goods and
services averaged $109.3 billion, while imports of goods and
services averaged $175.4 billion, resulting in an average trade
deficit of $66.1 billion.  For the three months ending in November,
the average trade deficit was $66.1 billion, reflecting average
exports of $107.3 billion and average imports of $173.5 billion.
                                  
Scheduled FT-900 release dates through February 2007 are located on page 30

Selected Not Seasonally Adjusted Goods Details 

The December figures showed surpluses, in billions of dollars,
with Australia $0.7 ($0.7 for November), Hong Kong $0.7 ($0.5),
Singapore $0.3 ($0.3), and Egypt $0.1 (virtually zero).  Deficits were
recorded, in billions of dollars, with China $16.3 ($18.5), Europe
$11.8 ($12.6), the European Union $10.1 ($11.2), Canada $8.0
($7.7), OPEC $7.6 ($7.8), Japan $6.8 ($7.3), Mexico $4.3 ($4.6),
Korea $1.1 ($1.9), Taiwan $1.1 ($1.4), and Brazil $0.6 ($0.7).

Advanced technology products (ATP) exports were $20.3 billion
in December and imports were $23.6 billion, resulting in a deficit of
$3.2 billion.  December exports were $1.4 billion more than the
$18.9 billion in November, while imports were $0.2 billion less than
the $23.8 billion in November.
                                  
                                  
Revisions
     
Goods carry-over in December was $0.4 billion (0.5 percent) for
exports and $1.2 billion (0.9 percent) for imports.  For November,
revised export carry-over was $0.1 billion (0.1 percent), revised down
from $0.2 billion (0.3 percent).  For November, revised import carry-
over was $0.2 billion (0.1 percent), revised down from $0.7 billion
(0.4 percent).

The seasonally adjusted goods data for January through
November were also revised to align the seasonally adjusted months
with the annual totals.

Services exports for November were revised up $0.1 billion to
$32.0 billion.  The revision was mostly accounted for by upward
revisions in other transportation and travel. Services imports for
November were revised up $0.1 billion to $27.4 billion.  The revision
was mostly accounted for by upward revisions in passenger fares and
other private services.
                                  
Annual Summary for 2005

Goods and Services

For 2005, exports of $1,271.1 billion and imports of
$1,996.9 billion resulted in a goods and services deficit
of $725.8 billion, $108.2 billion more than the 2004
deficit of $617.6 billion.  For goods, exports were
$892.5 billion and imports were $1,674.6 billion,
resulting in a goods deficit of $782.1 billion, $116.7
billion more than the 2004 deficit of $665.4 billion.  For
services, exports were $378.6 billion and imports were
$322.2 billion, resulting in a services surplus of $56.3
billion, $8.5 billion more than the 2004 surplus of $47.8
billion.

The goods and services deficit in 2005 was $725.8
billion.  As a percentage of U.S. gross domestic product,
the goods and services deficit increased from 5.3 percent
in 2004 to 5.8 percent in 2005.
                                  
Goods

For 2005, exports of goods were up $85.0 billion
from 2004.  Increases occurred in capital goods ($30.4
billion); industrial supplies and materials ($27.8
billion); consumer goods ($12.4 billion); automotive
vehicles, parts, and engines ($8.5 billion); other goods
($4.2 billion); and foods, feeds, and beverages ($2.2
billion).

For 2005, imports of goods were up $201.7 billion
from 2004.  Increases occurred in industrial supplies and
materials ($107.9 billion);  capital goods ($36.1 billion);
consumer goods ($34.1 billion); automotive vehicles,
parts, and engines ($11.7 billion); foods, feeds, and
beverages ($6.0 billion); and other goods ($5.5 billion).
     

Services
                                  
For 2005, exports of services were $378.6 billion, up
$34.7 billion from 2004.  Increases occurred in other
private services, which includes items such as business,
professional, and technical services, insurance services,
and financial services ($10.0 billion); travel ($9.0
billion); royalties and license fees ($5.2 billion); other
transportation, which includes freight and port services
($4.5 billion); transfers under U.S. military sales
contracts ($3.5 billion); and passenger fares ($2.5
billion).  U.S. Government miscellaneous services were
virtually unchanged.   

For 2005, imports of services were $322.2 billion, up
$26.1 billion from 2004.  Increases occurred in other
private services ($9.9 billion); other transportation ($8.1
billion); travel ($3.9 billion);  passenger fares ($1.8
billion); royalties and license fees ($1.4 billion); direct
defense expenditures ($0.8 billion); and U.S. Government
miscellaneous services ($0.1 billion).  

For detailed descriptions of the types of transactions
included in each of the services categories, see
"Information on Goods and Services" starting on page 26
of this release.
          
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

NOTICE
                                 
**Advanced Technology Products**
             
With the release of January 2006 statistics on March 9, 2006, the 
FT-900 report will include Exhibit 16a, Exports, Imports, and Balance 
of Advanced Technology Products by Technology Group and Selected 
Countries and Areas.  For an example of the new exhibit, go to
http://www.census.gov/foreign-trade/Press-Release/example16a.html.  
If you have any questions or comments, please contact Vanessa Ware 
at (301) 763-2311 or e-mail at vanessa.ware@census.gov.

SOURCE: Report FT900 (CB-06-21, BEA-06-04), Bureau of the Census, Foreign
Trade Division, December 2005.  For more information, contact Nick Orsini
(301-763-6959) or Vanessa Ware (301-763-2311), Foreign Trade Division.