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 TUESDAY, SEPTEMBER 12, 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

CB06-139, BEA06-39, FT-900 (06-07)
               
U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
July 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 July exports of
$120.0 billion and imports of $188.0 billion resulted in
a goods and services deficit of $68.0 billion, $3.2 billion
more than the $64.8 billion in June, revised.  July exports
were $1.3 billion less than June exports of $121.2 billion. 
July imports were $1.9 billion more than June imports of
$186.1 billion.
                                                                 
In July, the goods deficit increased $3.4 billion from June
to $73.4 billion, and the services surplus increased $0.2
billion to $5.4 billion.  Exports of goods decreased $1.3
billion to $85.7 billion, and imports of goods increased $2.1
billion to $159.1 billion.  Exports of services were virtually
unchanged at $34.3 billion, and imports of services
decreased $0.2 billion to $28.9 billion.

In July, the goods and services deficit was up $10.0
billion from July 2005.  Exports were up $13.4 billion, or
12.6 percent, and imports were up $23.4 billion, or 14.2
percent.
     
Goods
                                 
The June to July change in exports of goods reflected
decreases in capital goods ($1.3 billion),  industrial supplies 
and materials ($0.6 billion), and other goods ($0.1
billion). Increases occurred in automotive vehicles, parts,
and engines ($0.7 billion) and consumer goods ($0.2
billion). Foods, feeds, and beverages were virtually
unchanged.

The June to July change in imports of goods reflected
increases in industrial supplies and materials ($2.2
billion); capital goods ($0.8 billion); foods, feeds, and
beverages ($0.2 billion); and consumer goods ($0.2
billion). Decreases  occurred in automotive vehicles,
parts, and engines ($1.2 billion) and other goods ($0.1
billion).
     
The July 2005 to July 2006 change in exports of goods
reflected increases in industrial supplies and materials ($3.5
billion); capital goods ($3.4 billion); consumer goods ($1.4
billion); automotive vehicles, parts, and engines ($1.3
billion); foods, feeds, and beverages ($0.8 billion); and other
goods ($0.8 billion).
          
The July 2005 to July 2006 change in imports of goods
reflected increases in industrial supplies and materials ($11.5
billion); capital goods ($3.7 billion); consumer goods ($3.5
billion); automotive vehicles, parts, and engines ($1.2
billion); foods, feeds, and beverages ($0.6 billion); and other
goods ($0.2 billion).

Services

Services exports were virtually unchanged from June to
July.  Changes in the categories of services exports were
small and nearly offsetting.  
          
Services imports decreased $0.2 billion from June to July. 
Decreases in royalties and license fees and passenger fares
were partly offset by an increase in other private services
(which includes items such as business, professional, and
technical services, insurance services, and financial services). 
Changes in other categories of services imports were small.
          
From July 2005 to July 2006, services exports increased
$2.6 billion.  The largest increases were in other private
services ($1.6 billion), other transportation, which includes
freight and port services ($0.6 billion), and royalties and
license fees ($0.5 billion).  

From July 2005 to July 2006, services imports increased
$2.7 billion.  The largest increases were in other private
services ($1.4 billion), other transportation ($0.5 billion),
and travel ($0.4 billion).
     
Goods and Services Moving Average 

For the three months ending in July, exports of goods and
services averaged $119.9 billion, while imports of goods and
services averaged $186.0 billion, resulting in an average trade
deficit of $66.1 billion.  For the three months ending in June,
the average trade deficit was $64.6 billion, reflecting average
exports of $118.6 billion and average imports of $183.2
billion.

Selected Not Seasonally Adjusted Goods Details 

The July figures showed surpluses, in billions of dollars,
with Hong Kong $0.7 ($0.9 for June), Australia $0.7 ($0.6),
Singapore $0.1 ($0.3), Egypt $0.1 ($0.1), and Argentina
$0.1 ($0.1). Deficits were recorded, in billions of dollars,
with China $19.6 ($19.7),  Europe $15.6 ($10.7), the
European Union $13.4 ($9.0), OPEC $10.9 ($10.2), Japan
$7.6 ($7.0), Canada $5.9 ($5.4), Mexico $5.1 ($6.1),
Taiwan $1.4 ($0.6), Korea $1.3 ($1.1), and Brazil $0.9 ($0.9).

Advanced technology products (ATP) exports were
$19.6 billion in July and imports were $24.2 billion,
resulting in a deficit of $4.6 billion.  July exports were $2.6
billion less than the $22.2 billion in June, while imports
were $0.5 billion less than the $24.7 billion in June.

Revisions
                                  
Goods carry-over in July was $0.3 billion (0.3 percent)
for exports and $1.9 billion (1.2 percent) for imports. For
June, revised export carry-over was $0.1 billion (0.1
percent), virtually unchanged from last month. For June,
revised import carry-over was $0.3 billion (0.2 percent),
revised down from $1.8 billion (1.1 percent).

Services exports and imports for January through June
2006 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.  For services imports, the largest revisions
over the entire period were in travel.

Services exports for June were revised up $0.1 billion to
$34.3 billion; the revision was accounted for by upward
revisions in other private services and royalties and license
fees that were partly offset by downward revisions in
transfers under U.S. military sales contracts and other
transportation.   Services imports for June were revised up
$0.5 billion to $29.1 billion; the revision was accounted for
by upward revisions in all categories of services imports.

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-06-139, BEA-06-39), Bureau of the Census, Foreign
Trade Division, July 2006.  For more information, contact Nick Orsini
(301-763-6959) or Vanessa Ware (301-763-2311), Foreign Trade Division.