                       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 TUESDAY, DECEMBER 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

                                        CB06-180, BEA06-54, FT-900 (06-10)
               
U.S. INTER    NATIONAL TRADE IN GOODS AND SERVICES
                          October 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 October exports
of $123.6 billion and imports of $182.5 billion resulted
in a goods and services deficit of $58.9 billion, $5.4
billion less than the $64.3 billion in September, revised. 
October exports were $0.3 billion more than September
exports of $123.4 billion.  October imports were $5.1
billion less than September imports of $187.6 billion.
                                                                 
     In October, the goods deficit decreased $5.2 billion from
September to $65.1 billion, and the services surplus
increased $0.2 billion to $6.2 billion.  Exports of goods
decreased $0.1 billion to $88.5 billion, and imports of goods
decreased $5.3 billion to $153.6 billion.  Exports of services
increased $0.4 billion to $35.2 billion, and imports of
services increased $0.2 billion to $28.9 billion.

     In October, the goods and services deficit was down $7.7
billion from October 2005.  Exports were up $15.0 billion,
or 13.8 percent, and imports were up $7.3 billion, or 4.2
percent.
     
Goods
                                 
     The September to October change in exports of goods 
reflected decreases in industrial supplies and materials 
















($0.5 billion) and automotive vehicles, parts, and engines
($0.1 billion).  An increase occurred in consumer goods
($0.4 billion). Foods, feeds, and beverages; capital goods;
and other goods were virtually unchanged.  

     The September to October change in imports of goods
reflected decreases in industrial supplies and materials
($5.2 billion); capital goods ($0.4 billion); and automotive
vehicles, parts, and engines ($0.3 billion). Increases
occurred in consumer goods ($0.2 billion); other goods
($0.2 billion); and foods, feeds, and beverages ($0.1
billion).
2
     
     The October 2005 to October 2006 change in exports of
goods reflected increases in industrial supplies and materials
($4.8 billion); capital goods ($4.5 billion); consumer goods
($1.6 billion); other goods ($1.0 billion); foods, feeds, and
beverages ($0.8 billion); and automotive vehicles, parts, and
engines ($0.2 billion).
          
     The October 2005 to October 2006 change in imports of
goods reflected increases in consumer goods ($3.8 billion);
capital goods ($3.2 billion); foods, feeds, and beverages
($0.7 billion); and other goods ($0.5 billion). A decrease
occurred in industrial supplies and materials ($3.1 billion).
Automotive vehicles, parts, and engines were virtually
unchanged.

Services

     Services exports increased $0.4 billion from September to
October. The increase was mostly accounted for by increases
in other private services (which includes items such as
business, professional, and technical services, insurance
services, and financial services) and travel.  Changes in other
categories of services exports were small.  
          
     Services imports increased $0.2 billion from September to
October. The increase was more than accounted for by
increases in other private services, travel, and passenger
fares.  Changes in other categories of services imports were
small. 
          
     From October 2005 to October 2006, services exports
increased $2.5 billion. The largest increases were in other
private services ($1.7 billion) and travel ($0.4 billion).  

     From October 2005 to October 2006, services imports
increased $2.3 billion. The largest increases were in other
private services ($1.5 billion) and travel ($0.4 billion).
                                                                   
Goods and Services Moving Average 

     For the three months ending in October, exports of goods
and services averaged $123.2 billion, while imports of goods
and services averaged $187.1 billion, resulting in an average
trade deficit of $63.9 billion.  For the three months ending in
September, the average trade deficit was $66.8 billion,
reflecting average exports of $122.0 billion and average
imports of $188.8 billion.




                                                                   






















Selected Not Seasonally Adjusted Goods Details 

     The October figures showed surpluses, in billions of
dollars, with Australia $1.0 ($0.9 for September), Hong Kong
$0.7 ($1.0), Singapore $0.3 ($0.7), Egypt $0.3 ($0.2), and
Argentina $0.1 ($0.2).  Deficits were recorded, in billions of
dollars, with China $24.4 ($23.0), Europe $11.4 ($9.0), the
European Union $9.5 ($7.0), Japan $8.3 ($6.7), OPEC $7.5
($9.2), Canada $5.4 ($5.7), Mexico $5.2 ($5.8), Korea $1.4
($0.8), Taiwan $1.3 ($1.5), and Brazil $0.6 ($0.5).

     Advanced technology products (ATP) exports were
$22.3 billion in October and imports were $27.1 billion,
resulting in a deficit of $4.8 billion.  October exports were
$0.3 billion more than the $22.0 billion in September, while
imports were $0.9 billion more than the $26.2 billion in
September.

Revisions
                                  
     Goods carry-over in October was $0.2 billion (0.2
percent) for exports and $1.1 billion (0.7 percent) for
imports. For  September, revised export carry-over was $0.1
billion (0.1 percent), revised down from $0.2 billion (0.2
percent).  For September, revised import carry-over was
$0.2 billion (0.2 percent), revised down from $1.0 billion
(0.6 percent).

     Services exports and imports for April through
September 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 passenger
fares.
     
     Services exports for September were revised up $0.2 billion
to $34.8 billion; the revision was mostly accounted for by an
upward revision in other private services that was partly offset
by a downward revision in royalties and license fees.  Services
imports for September were virtually unchanged at $28.7
billion; travel was revised up, and royalties and license fees
and other private services were revised down.

                                                                   
                         Table of Contents








                                                     December  1995






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 Averages5

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 Category9

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 Category18

Exhibit 14  Exports, Imports, and Balance of Goods by Selected  
                   Countries and Areas   . . . . . . . . . . . . 19

Exhibit 15  Exports and Imports of Goods by Principal SITC Commodities21
             
Exhibit 16  Exports, Imports, and Balance of Advanced Technology Products23

Exhibit 16aExports, Imports, and Balance of Advanced Technology Products
               by Technology Group and Selected Countries and Areas24

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

Exhibit 18  Exports and Imports of Motor Vehicles and Parts By Selected Countries26

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