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 WEDNESDAY, APRIL 12, 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
                              
CB06-52, BEA06-13, FT-900 (06-02)
                                 
U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
February 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  February exports
of $113.0 billion and imports of $178.7 billion resulted
in a goods and services deficit of $65.7 billion, $2.8
billion less than the $68.6 billion in January, revised. 
February exports were $1.3 billion less than January
exports of $114.3 billion.  February imports were $4.2
billion less than January imports of $182.9 billion.
                                                                  
In February, the goods deficit decreased $3.5 billion from
January to $70.1 billion, and the services surplus decreased
$0.6 billion to $4.3 billion.  Exports of goods decreased $1.1
billion to $80.5 billion, and imports of goods decreased $4.6
billion to $150.5 billion.  Exports of services decreased $0.2
billion to $32.5 billion, and imports of services increased
$0.4 billion to $28.2 billion.

In February, the goods and services deficit was up $5.6
billion from February  2005.  Exports were up $11.7 billion, or
11.5 percent, and imports were up $17.3 billion, or 10.7
percent.
     
Goods

The January to February change in exports of goods reflected
decreases in foods, feeds, and beverages  ($0.3 billion);
capital goods ($0.3 billion); industrial supplies and materials 
($0.2 billion); automotive vehicles, parts, and engines ($0.2
billion); other goods ($0.1 billion); and consumer goods ($0.1
billion).

The January to February change in imports of goods reflected
decreases in capital goods ($1.5 billion); automotive vehicles,
parts, and engines  ($1.3  billion); consumer goods  ($0.9 billion); 
other goods ($0.4 billion); foods, feeds, and beverages ($0.3
billion); and industrial supplies and materials ($0.2 billion).
     
The February 2005 to February 2006 change in exports of goods
reflected increases in capital goods ($4.9 billion); industrial
supplies and materials ($2.1 billion); automotive vehicles, parts,
and engines  ($1.2 billion); consumer goods ($0.9 billion); foods,
feeds, and beverages ($0.5 billion); and other goods ($0.4 billion).
          
The February 2005 to February 2006 change in imports of goods
reflected increases in industrial supplies and materials ($10.2
billion); capital goods ($2.7 billion); automotive vehicles, parts, and
engines ($1.6 billion); foods, feeds, and beverages ($0.6 billion);
and other goods ($0.5 billion).  A decrease occurred in consumer
goods ($0.1 billion).

Services

Services exports decreased $0.2 billion from January to February.
The decrease reflected decreases in travel ($0.2 billion) and other
transportation, which includes freight and port services ($0.1
billion).  Changes in other categories of services exports were small.

Services imports increased $0.4 billion from January to
February.  Royalties and license fees increased $0.6 billion; it
includes payments for the rights to broadcast the 2006 Winter
Olympic Games.  Other transportation decreased $0.2 billion and
travel decreased $0.1 billion.  Changes in other categories of
services imports were small. 

From February 2005 to February 2006, services exports
increased $1.8 billion.  The largest increases were in other private
services, which includes items such as business, professional, and
technical services, insurance services, and financial services ($1.0
billion), other transportation ($0.5 billion), and travel ($0.4 billion).
 
From February 2005 to February 2006, services imports
increased $1.9 billion.  The largest increases were in other private
services ($1.0 billion) and royalties and license fees  ($0.6 billion). 
                                                                                                     
Goods and Services Moving Average 

For the three months ending in February, exports of goods and
services averaged $113.0 billion, while imports of goods and
services averaged $179.4 billion, resulting in an average trade
deficit of $66.5 billion.   For the three months ending in January, the
average trade deficit was $66.0 billion, reflecting average exports
of $111.7 billion and average imports of $177.7 billion.
                                                                   
Scheduled FT-900 release dates through February 2007 are located on page 31     
                                   
Selected Not Seasonally Adjusted Goods Details 
                                 
The February figures showed surpluses, in billions of dollars,
with Australia $0.7 ($0.9 for January), Hong Kong $0.6 ($0.5),
Singapore $0.5 ($0.3), and Egypt $0.1 ($0.1).  Deficits were
recorded, in billions of dollars, with China $13.8 ($17.9), Europe
$9.8 ($11.7), the European Union $8.3 ($9.7), OPEC $7.3 ($8.4),
Canada $7.2 ($8.9),  Japan $7.1 ($6.5), Mexico $4.7 ($4.6), Korea
$1.2 ($1.3), Taiwan $1.0 ($1.6),  and Brazil $0.6 ($0.6).
                                 
Advanced technology products (ATP) exports were $18.4
billion in February and imports were $19.8 billion, resulting in a
deficit of $1.4 billion.  February exports were $0.1 billion more
than the $18.3 billion in January, while imports were $1.9 billion
less than the $21.7 billion in January.
                                  
Revisions
     
Goods carry-over in February was $0.4 billion (0.5 percent) for
exports and $1.2 billion (0.9 percent) for imports.  For January,
revised export carry-over was $0.2 billion (0.3 percent), revised
down from $0.5 billion (0.7 percent).  For January, revised import
carry-over was $0.2 billion (0.1 percent), revised down from $1.0
billion (0.7 percent).

Services exports for January were revised up $0.1 billion to
$32.7 billion.  The revision was mostly accounted for by upward
revisions in travel and passenger fares.  Services imports for
January were virtually unchanged at $27.8 billion.

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

NOTE:  (1)  Data presented on a Balance of Payments (BOP) basis.  For information
on data sources and methodology, see the information section on page 27 of this
release, or at www.census.gov/ft900 or www.bea.gov/bea/di/home/trade.htm.
                                                 '
SOURCE: Report FT900 (CB-06-52, BEA-06-13), Bureau of the Census, Foreign
Trade Division, February 2006.  For more information, contact Nick Orsini
(301-763-6959) or Vanessa Ware (301-763-2311), Foreign Trade Division.