                       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, FEBRUARY 13, 2007
     
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

                                        CB07-26, BEA07-05, FT-900 (06-12)
               
U.S. INTER    NATIONAL TRADE IN GOODS AND SERVICES
December 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 December exports
of $125.5 billion and imports of $186.7 billion resulted
in a goods and services deficit of $61.2 billion, $3.1
billion more than the $58.1 billion in November, revised. 
December exports were $0.7 billion more than November
exports of $124.8 billion.  December imports were $3.8
billion more than November imports of $182.9 billion.
                                                                 
     In December, the goods deficit increased $3.4 billion
from November to $68.2 billion, and the services surplus
increased $0.3 billion to $7.0 billion.  Exports of goods
increased $0.4 billion to $89.4 billion, and imports of goods
increased $3.8 billion to $157.6 billion.  Exports of services
increased $0.3 billion to $36.1 billion, and imports of
services were virtually unchanged at $29.1 billion.

     In December, the goods and services deficit was down
$3.0 billion from December 2005.  Exports were up $13.0
billion, or 11.5 percent, and imports were up $10.0 billion,
or 5.6 percent.
     
Goods
                                 
     The November to December change in exports of goods 
reflected increases in automotive vehicles, parts, and
engines ($0.5 billion); foods, feeds, and beverages ($0.3
billion); and consumer goods ($0.1 billion). Decreases
occurred in other goods ($0.3 billion);  industrial supplies
and materials ($0.2 billion); and capital goods ($0.1
billion).  

     The November to December change in imports of goods
reflected increases in industrial supplies and materials
($1.6 billion); automotive vehicles, parts, and engines
($1.5 billion); consumer goods ($0.8 billion);  foods, feeds,
and beverages ($0.1 billion); and other goods ($0.1
billion). A decrease occurred in capital goods ($0.3
billion).
2
     
     The December 2005 to December 2006 change in exports
of goods reflected increases in capital goods ($3.5 billion);
industrial supplies and materials ($3.5 billion); consumer
goods ($1.0 billion); other goods ($0.9 billion);  foods, feeds,
and beverages ($0.8 billion); and automotive vehicles, parts,
and engines ($0.6 billion).
          
     The December 2005 to December 2006 change in imports
of goods reflected increases in consumer goods ($4.7 billion);
capital goods ($2.5 billion); automotive vehicles, parts, and
engines ($1.5 billion); other goods ($0.6 billion); and foods,
feeds, and beverages ($0.5 billion). A decrease occurred in
industrial supplies and materials ($1.8 billion). 

Services

     Services exports increased $0.3 billion from November to
December.  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 transfers under U.S.
military sales contracts.  Changes in other categories of
services exports were small.  
          
     Services imports were virtually unchanged from
November to December.  A decrease in other transportation
(which includes freight and port services) was mostly offset
by an increase in other private services.  Changes in other
categories of services imports were small. 
          
     From December 2005 to December 2006, services exports
increased $3.0 billion.  The largest increases were in other
private services ($1.8 billion) and travel ($0.6 billion).
  
     From December 2005 to December 2006, services imports
increased $2.0 billion.  The largest increases were in other
private services ($1.4 billion) and travel ($0.4 billion). 
                                                                   
Goods and Services Moving Average 

     For the three months ending in December, exports of
goods and services averaged $124.6 billion, while imports of
goods and services averaged $184.0 billion, resulting in an
average trade deficit of $59.4 billion.  For the three months
ending in November, the average trade deficit was $60.5
billion, reflecting average exports of $123.8 billion and
average imports of $184.2 billion.

Selected Not Seasonally Adjusted Goods Details 

     The December figures showed surpluses, in billions of
dollars, with Singapore $1.7 ($1.0 for November), Hong Kong
$1.1 ($0.9), Australia $0.8 ($0.8), Argentina $0.1 ($0.1), 
Brazil $0.1 (-$0.4), and Egypt $0.1 ($0.2).  Deficits were
recorded, in billions of dollars, with China $19.0 ($22.9),
Europe $10.1 ($10.7), the European Union $9.0 ($9.5), Japan
$7.5 ($7.9), OPEC $6.9 ($6.8), Canada $5.6 ($5.2), Mexico
$5.0 ($5.4), Taiwan $1.1 ($1.1), and Korea $0.7 ($1.2).

     Advanced technology products (ATP) exports were $23.0
billion in December and imports were $25.2 billion, resulting
in a deficit of $2.2 billion.  December exports were $0.2
billion more than the $22.8 billion in November, while
imports were $2.0 billion less than the $27.2 billion in
November.

Revisions
                                  
     Goods carry-over in December was $0.2 billion (0.3
percent) for exports and $1.2 billion (0.8 percent) for imports.
For November, revised export carry-over was virtually zero,
revised down from $0.3 billion (0.3 percent).  For November,
revised import carry-over was $0.1 billion (0.1 percent),
revised down from $1.0 billion (0.7 percent).
     
     The seasonally adjusted goods data for January through
November were also revised to align the seasonally adjusted
months with the annual totals.
     
     Services exports for November were revised up $0.1 billion to
$35.8 billion; the revision was mostly accounted for by an upward
revision in other transportation.  Services imports for November
were revised down $0.1 billion to $29.1 billion; the revision was
mostly accounted for by downward revisions in travel and
passenger fares, which were partly offset by an upward revision in
other transportation.

Annual Summary for 2006 

Goods and Services

     For 2006, exports of $1,437.8 billion and imports of
$2,201.4 billion resulted in a goods and services deficit
of $763.6 billion, $46.9 billion more than the 2005
deficit of $716.7 billion.  For goods, exports were
$1,023.7 billion and imports were $1,859.8 billion,
resulting in a goods deficit of $836.1 billion, $53.3
billion more than the 2005 deficit of $782.7 billion.  For
services, exports were $414.1 billion and imports were
$341.6 billion, resulting in a services surplus of $72.5
billion, $6.5 billion more than the 2005 surplus of $66.0
billion.

     The goods and services deficit in 2006 was a record
$763.6 billion.  As a percentage of U.S. gross domestic
product, the goods and services deficit was virtually
unchanged from 2005 at 5.8 percent.
                                  
Goods

     For 2006, on a Census basis, exports of goods were
up $131.3 billion from 2005.  Increases occurred in
capital goods ($51.4 billion); industrial supplies and
materials ($42.7 billion); consumer goods ($13.5
billion); automotive vehicles, parts, and engines ($8.6
billion); other goods ($8.2 billion); and foods, feeds, and
beverages ($6.9 billion).

     For 2006, on a Census basis, imports of goods were
up $182.0 billion from 2005.  Increases occurred in
industrial supplies and materials ($79.1 billion);  capital
goods ($39.3 billion); consumer goods ($35.7 billion);
automotive vehicles, parts, and engines ($17.1 billion);
foods, feeds, and beverages ($6.8 billion); and other
goods ($3.9 billion).
     

Services
                                  
     For 2006, exports of services were $414.1 billion, up
$33.5 billion from 2005.  Increases occurred in other
private services, which includes items such as business,
professional, and technical services, insurance services,
and financial services ($20.2 billion); other
transportation, which includes freight and port services
($5.9 billion); royalties and license fees ($4.5 billion);
travel ($4.1 billion); passenger fares ($0.7 billion), and
U.S. Government miscellaneous services ($0.1 billion). 
A decrease occurred in transfers under U.S. military
sales contracts ($2.0 billion).   

     For 2006, imports of services were $341.6 billion, up
$27.0 billion from 2005.  Increases occurred in other
private services ($16.1 billion); travel ($3.7 billion);
other transportation ($3.6 billion);  royalties and license
fees ($1.4 billion); passenger fares ($1.1 billion); direct
defense expenditures ($1.1 billion); and U.S.
Government miscellaneous services ($0.1 billion).  

     For detailed descriptions of the types of transactions
included in each of the services categories, see
"Information on Goods and Services" starting on page
29 of this release.

Table of Contents

Seasonally Adjusted

Exhibit 1   U.S. International Trade in Goods and Services . . . .6

Exhibit 2   U.S. International Trade in Goods and Services Three-month Moving Averages7

Exhibit 3   U.S. Services by Major Category--Exports . . . . . . .8

Exhibit 4   U.S. Services by Major Category--Imports . . . . . . .9
     
Exhibit 5   U.S. Trade in Goods. . . . . . . . . . . . . . . . . 10

Exhibit 6   Exports and Imports of Goods by Principal End-Use Category11

Exhibit 7   Exports of Goods by End-Use Category and Commodity . 12

Exhibit 8   Imports of Goods by End-Use Category and Commodity . 14

Exhibit 9  Exports, Imports, and Balance of Goods, Petroleum and
            Non-Petroleum End-Use Category Totals. . . . . . . . 16

Exhibit 10 Real Exports and Imports of Goods by Principal End-Use
              Category (2000 Chain-weighted dollars) . . . . . . 17

Exhibit 11 Real Exports, Imports, and Balance of Goods, Petroleum and Non-
              Petroleum End-Use Commodity Category Totals (2000 Chain-weighted dollars)18
             
Not Seasonally Adjusted

Exhibit 12  U.S. Trade in Goods. . . . . . . . . . . . . . . . . 19

Exhibit 13  Exports and Imports of Goods by Principal End-Use Category20

Exhibit 14  Exports, Imports, and Balance of Goods by Selected  
                   Countries and Areas   . . . . . . . . . . . . 21

Exhibit 15  Exports and Imports of Goods by Principal SITC Commodities23
             
Exhibit 16  Exports, Imports, and Balance of Advanced Technology Products25

Exhibit 16aExports, Imports, and Balance of Advanced Technology Products
               by Technology Group and Selected Countries and Areas26

Exhibit 17  Imports of Energy-Related Petroleum Products, 
              Including Crude Oil. . . . . . . . . . . . . . . . 27

Exhibit 18  Exports and Imports of Motor Vehicles and Parts By Selected Countries28

Information on Goods and Services. . . . . . . . . . . . . . . . 29
             
NOTICE
                                 
**Changes to Countries and Areas**
             
Effective with the release of January 2007 statistics on March 9, 2007, the U.S. International Trade
in Goods and Services report will be revised to reflect country changes for Serbia and Montenegro,
the European Union, the Euro Area, and OPEC as specified below. The changes will affect exhibits
14 and 14a in the FT-900 U.S. International Trade in Goods and Services report and exhibits 3, 6,
and 6a in the FT-900 supplement.

If you have any questions or comments, please contact Vanessa Ware at (301) 763-2311 or e-mail
at vanessa.ware@census.gov.

The European Union
Bulgaria and Romania will be included in the European Union in exhibits 14 and 14a of the FT-
900 report and exhibits 6 and 6a of the FT-900 supplement.

Euro Area
Slovenia will be added to the Euro Area in exhibits 14 and 14a of the FT-900 report and exhibits 6
and 6a of the FT-900 supplement.

OPEC
Angola will be added to OPEC in exhibits 14 and 14a of the FT-900 report and exhibits 3, 6, and
6a of the FT-900 supplement.

Serbia and Montenegro
The former country of Serbia and Montenegro will be listed as two countries in exhibits 6 and 6a
of the FT-900 supplement.

