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 THURSDAY, MARCH 9, 2006

For information on goods contact:            
U.S. Census Bureau:                     
Nick Orsini    (301) 763-6959           
Vanessa Ware   (301) 763-2311           

For information on services contact:
U.S. Bureau of Economic Analysis:
Technical: Christopher Bach   (202) 606-9545
Media:      Ralph Stewart     (202) 606-2649
                              
CB06-32, BEA06-07, FT-900 (06-01)
                                 
U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
January 2006
                                
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 January exports
of $114.4 billion and imports of $182.9 billion resulted
in a goods and services deficit of $68.5 billion, $3.4
billion more than the $65.1 billion in December, revised. 
January exports were $2.8 billion more than December
exports of $111.6 billion.  January imports were $6.2
billion more than December imports of $176.6 billion.
                                                                  
In January, the goods deficit increased $3.2 billion from
December to $73.4 billion, and the services surplus
decreased $0.2 billion to $4.9 billion.  Exports of goods
increased $2.6 billion to $81.7 billion, and imports of goods
increased $5.9 billion to $155.1 billion.  Exports of services
increased $0.2 billion to $32.7 billion, and imports of
services increased $0.4 billion to $27.8 billion.

In January, the goods and services deficit was up $10.2
billion from January 2005.  Exports were up $12.2 billion, or
12.0 percent, and imports were up $22.5 billion, or 14.0
percent.
     
Goods

The December to January change in exports of goods reflected
increases in industrial supplies and materials ($1.0 billion);
capital goods ($0.9 billion); foods, feeds, and beverages ($0.5
billion); and automotive vehicles, parts, and engines ($0.1 billion). 
Decreases occurred in consumer goods ($0.1 billion) and other
goods ($0.1 billion).

The December to January change in imports of goods reflected
increases in industrial supplies and materials ($1.4 billion); 
capital goods ($1.2 billion); automotive vehicles, parts, and
engines ($1.2 billion);  consumer goods ($1.0 billion); other goods
($0.6 billion); and foods, feeds, and beverages ($0.4 billion).
     
The January 2005 to January 2006 change in exports of goods
reflected increases in capital goods ($4.7 billion); industrial
supplies and materials ($2.6 billion); consumer goods ($1.1 billion);
automotive vehicles, parts, and engines ($0.9 billion); foods, feeds,
and beverages ($0.7 billion); and other goods ($0.5 billion).
          
The January 2005 to January 2006 change in imports of goods
reflected increases in industrial supplies and materials ($12.0
billion); capital goods ($3.1 billion); automotive vehicles, parts, and
engines ($2.8 billion); consumer goods ($1.9 billion); foods, feeds,
and beverages ($0.8 billion);  and other goods ($0.6 billion).
                                                                   
Services
                                  
Services exports increased $0.2 billion from December to
January.  Increases in travel and passenger fares were partly offset
by a decrease in transfers under U.S. military sales contracts. 
Changes in other categories of services exports were small.

Services imports increased $0.4 billion from December to
January.  The increase was mostly accounted for by increases in
other transportation, which includes freight and port services, and
travel.  Changes in other categories of services imports were small. 

From January 2005 to January 2006, services exports 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 ($0.9 billion),
travel ($0.6 billion), and other transportation ($0.5 billion).  

From January 2005 to January 2006, services imports increased
$1.3 billion.  The largest increases were in other private services
($1.0 billion) and passenger fares ($0.3 billion). 
                                  
Goods and Services Moving Average 

For the three months ending in January, exports of goods and
services averaged $111.7 billion, while imports of goods and
services averaged $177.7 billion, resulting in an average trade
deficit of $66.0 billion.  For the three months ending in December,
the average trade deficit was $65.8 billion, reflecting average
exports of $109.4 billion and average imports of $175.2 billion.
                                  
Notice Regarding Advanced Technology Products
                                 
The FT-900 report includes new exhibit 16a, Exports, Imports, and 
Balance of Advanced Technology Products by Technology Group
and Selected Countries and Areas.

Scheduled FT-900 release dates through February 2007 are located 
on page 31
                                 
Selected Not Seasonally Adjusted Goods Details 
                                 
The January figures showed surpluses, in billions of dollars, with
Australia $0.9, ($0.7 for December), Hong Kong $0.4 ($0.7),
Singapore $0.3 ($0.3), and Egypt $0.1 ($0.1).  Deficits were
recorded, in billions of dollars, with China $17.9 ($16.3), Europe
$11.7 ($11.8), the European Union $9.7 ($10.1), Canada $8.9 ($8.0),
OPEC $8.4 ($7.6), Japan $6.5 ($6.8), Mexico $4.6 ($4.3), Taiwan
$1.6 ($1.1), Korea $1.3 ($1.1), and Brazil $0.6 ($0.6).
                                 
Advanced technology products (ATP) exports were $18.3 billion
in January and imports were $21.7 billion, resulting in a deficit of
$3.4 billion.  January exports were $2.0 billion less than the $20.3
billion in December, while imports were $1.9 billion less than the
$23.6 billion in December.
                                  
Revisions
     
Goods carry-over in January was $0.5 billion (0.7 percent) for
exports and $1.0 billion (0.7 percent) for imports.  For December,
revised export carry-over was $0.1 billion (0.2 percent), revised
down from $0.4 billion (0.5 percent).  For December, revised import
carry-over was $0.1 billion (0.1 percent), revised down from $1.2
billion (0.9 percent).

Goods and services exports and imports for all months in 2005
were revised in order to align the seasonally adjusted monthly data
with the annual totals.
          
Services exports and imports for July through December 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 and
travel.  For services imports, the largest revisions over the entire
period were in passenger fares and other private services.

Services exports for December were virtually unchanged at $32.5
billion.  Services imports for December were revised down $0.2
billion to $27.4 billion; the revision was more than accounted for by
downward revisions in royalties and license fees and other private
services.
             
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 16a Exports, Imports, and Balance of Advanced Technology 
Products by Technology Group and Selected Countries and Areas. . 24

Exhibit 17  Imports of Energy - Related Petroleum Products, 
Including Crude Oil. . . . . . . . . . . . . . . . . . . . . . . 25

Exhibit 18  Exports and Imports of Motor Vehicles and Parts By 
Selected Countries. . . . . . . . . . . . . . . . . . . . . . . .26

Information on Goods and Services. . . . . . . . . . . . . . . . 27

SOURCE: Report FT900 (CB-06-32, BEA-06-07), Bureau of the Census, Foreign
Trade Division, January 2006.  For more information, contact Nick Orsini
(301-763-6959) or Vanessa Ware (301-763-2311), Foreign Trade Division.