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, AUGUST 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

CB06-124, BEA06-35, FT-900 (06-06)
               
U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
June 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 June exports of
$120.7 billion and imports of $185.5 billion resulted in
a goods and services deficit of $64.8 billion, $0.2 billion
less than the $65.0 billion in May, revised. June exports
were $2.4 billion more than May exports of $118.4
billion.  June imports were $2.2 billion more than May
imports of $183.4 billion.
                                                                 
In June, the goods deficit decreased $0.7 billion from
May to $70.4 billion, and the services surplus decreased
$0.5 billion to $5.6 billion.  Exports of goods increased $2.5
billion to $86.6 billion, and imports of goods increased $1.9
billion to $156.9 billion.  Exports of services decreased $0.2
billion to $34.2 billion, and imports of services increased
$0.3 billion to $28.6 billion.

In June, the goods and services deficit was up $6.4
billion from June 2005.  Exports were up $14.8 billion, or
14.0 percent, and imports were up $21.2 billion, or 12.9
percent.
     
Goods

The May to June change in exports of goods reflected
increases in capital goods ($0.9 billion);  industrial supplies 
and materials ($0.7 billion); automotive vehicles, parts, and
engines ($0.4 billion);  foods, feeds, and beverages ($0.2
billion); consumer goods ($0.2 billion); and other goods
($0.1 billion).

The May to June change in imports of goods reflected
increases in consumer goods ($1.2 billion); automotive
vehicles, parts, and engines ($1.2 billion); and other
goods ($0.2 billion). Decreases occurred in industrial
supplies and materials ($0.6 billion) and capital goods
($0.1 billion). Foods, feeds, and beverages were virtually
unchanged.
     
The June 2005 to June 2006 change in exports of goods
reflected increases in capital goods ($4.7 billion); industrial
supplies and materials ($4.1 billion); consumer goods ($1.2
billion); automotive vehicles, parts, and engines ($1.1
billion); foods, feeds, and beverages ($0.7 billion) and other
goods ($0.3 billion).
          
The June 2005 to June 2006 change in imports of goods
reflected increases in industrial supplies and materials ($10.5
billion); consumer goods ($2.6 billion); automotive vehicles,
parts, and engines ($2.4 billion); capital goods ($2.4 billion);
foods, feeds, and beverages ($0.4 billion); and other goods
($0.3 billion).

Services

Services exports decreased $0.2 billion from May to June. 
The decrease was mostly accounted for by decreases in travel
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 $0.3 billion from May to June. 
The increase was mostly accounted for by increases in
royalties and license fees and passenger fares.  Changes in
other categories of services imports were small.
          
From June 2005 to June 2006, services exports increased
$2.6 billion.  The largest increases were in other private
services ($1.3 billion), other transportation, which includes
freight and port services ($0.7 billion), and royalties and
license fees ($0.5 billion).  

From June 2005 to June 2006, services imports increased
$2.5 billion.  The largest increases were in other private
services ($1.3 billion), other transportation ($0.3 billion),
and royalties and license fees ($0.3 billion).
     
                                                                   
Goods and Services Moving Average 

For the three months ending in June, exports of goods and
services averaged $118.4 billion, while imports of goods and
services averaged $182.7 billion, resulting in an average trade
deficit of $64.4 billion.  For the three months ending in May,
the average trade deficit was $63.4 billion, reflecting average
exports of $116.8 billion and average imports of $180.1
billion.

Selected Not Seasonally Adjusted Goods Details 

The June figures showed surpluses, in billions of dollars,
with Hong Kong $0.9 ($0.8 for May), Australia $0.6 ($0.8),
Singapore $0.3 ($0.6), Egypt $0.1 ($0.2), and Argentina
$0.1 ($0.1). Deficits were recorded, in billions of dollars,
with China $19.7 ($17.7),  Europe $10.7 ($13.5), OPEC
$10.2 ($10.2), the European Union $9.0 ($10.8), Japan $7.0
($7.1), Mexico $6.1 ($5.5), Canada $5.7 ($5.9), Korea $1.1
($1.7), Brazil $0.9 ($0.4), and Taiwan $0.6 ($1.4).

Advanced technology products (ATP) exports were
$22.2 billion in June and imports were $24.7 billion,
resulting in a deficit of $2.5 billion.  June exports were $2.3
billion more than the $19.9 billion in May, while imports
were $1.9 billion more than the $22.9 billion in May.

Revisions
                                  
Goods carry-over in June was $0.1 billion (0.1 percent)
for exports and $1.8 billion (1.1 percent) for imports. For
May, revised export carry-over was $0.1 billion (0.1
percent), revised down from $0.2 billion (0.3 percent). For
May, revised import carry-over was $0.2 billion (0.2
percent), revised down from $1.0 billion (0.6 percent).

Services exports for May were revised down $0.1 billion
to $34.3 billion; the revision was accounted for by
downward revisions to travel and passenger fares, which
were partly offset by an upward revision to other private
services.  Services imports for May were revised up $0.1
billion to $28.3 billion; the revision was mostly accounted
for by an upward revision to 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-06-124, BEA-06-35), Bureau of the Census, Foreign
Trade Division, June 2006.  For more information, contact Nick Orsini
(301-763-6959) or Vanessa Ware (301-763-2311), Foreign Trade Division.