                       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 FRIDAY, APRIL 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
                                                  
                                   CB07-50, BEA07-14, FT-900 (07-02)
               
U.S. INTER    NATIONAL TRADE IN GOODS AND SERVICES
                         February 2007
                                
                                
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 $124.0 billion and imports of $182.4 billion resulted
in a goods and services deficit of $58.4 billion, compared
with $58.9 billion in January, revised.  February exports
were $2.8 billion less than January exports of $126.8
billion.  February imports were $3.2 billion less than
January imports of $185.7 billion.
                                                                 
     In February, the goods deficit decreased $0.7 billion
from January to $64.5 billion, and the services surplus
decreased $0.3 billion to $6.0 billion.  Exports of goods
decreased $2.6 billion to $88.4 billion, and imports of goods
decreased $3.3 billion to $152.9 billion.  Exports of services
decreased $0.2 billion to $35.6 billion, and imports of
services increased $0.1 billion to $29.5 billion.

     In February, the goods and services deficit was down
$4.5 billion from February 2006.  Exports were up $10.5
billion, or 9.3 percent, and imports were up $6.1 billion, or
3.4 percent.
     
Goods
                                 
     The January to February change in exports of goods 
reflected decreases in capital goods ($2.2 billion); industrial
supplies and materials ($0.6 billion); consumer goods ($0.3















billion); and other goods ($0.1 billion). An increase
occurred in automotive vehicles, parts, and engines ($0.3
billion). Foods, feeds, and beverages were virtually
unchanged.   

     The January to February change in imports of goods
reflected decreases in industrial supplies and materials
($3.9 billion); capital goods ($0.4 billion); and automotive
vehicles, parts, and engines ($0.1 billion). An increase
occurred in consumer goods ($1.1 billion). Foods, feeds,
and beverages and other goods were virtually unchanged. 
2
     
     The February 2006 to February 2007 change in exports of
goods reflected increases in industrial supplies and materials
($2.8 billion); capital goods ($1.7 billion); consumer goods
($1.4 billion); foods, feeds, and beverages ($1.2 billion); other
goods ($0.7 billion); and automotive vehicles, parts, and
engines ($0.3 billion).
          
     The February 2006 to February 2007 change in imports of
goods reflected increases in consumer goods ($5.3 billion);
capital goods ($3.8 billion);  foods, feeds, and beverages ($0.7
billion) and other goods ($0.4 billion). Decreases occurred in
industrial supplies and materials ($5.6 billion) and automotive
vehicles, parts, and engines ($0.2 billion). 

Services

     Services exports decreased $0.2 billion from January to
February.  The decrease was mostly accounted for by
decreases in travel and other transportation (which includes
freight and port services).  Changes in other categories of
services exports were small and nearly offsetting.  
          
     Services imports increased $0.1 billion from January to
February.  An increase in other private services (which
includes items such as business, professional, and technical
services, insurance services, and financial services),  and small
increases in several other categories, were partly offset by a
decrease in other transportation. 
          
     From February 2006 to February 2007, services exports
increased $2.6 billion.  The largest increases were in other
private services ($1.7 billion), travel ($0.5 billion), and
royalties and license fees ($0.4 billion).
  
     From February 2006 to February 2007, services imports
increased $1.8 billion.  The largest increases were in other
private services ($1.3 billion) and travel ($0.5 billion). 
                                                                   
Goods and Services Moving Average 

     For the three months ending in February, exports of goods
and services averaged $125.4 billion, while imports of goods
and services averaged $184.9 billion, resulting in an average
trade deficit of $59.6 billion.  For the three months ending in
January, the average trade deficit was $59.5 billion, reflecting
average exports of $125.6 billion and average imports of
$185.1 billion.




                                                                   























Selected Not Seasonally Adjusted Goods Details 

     The February figures showed surpluses, in billions of
dollars, with Australia $0.9 ($0.7 for January), Hong Kong
$0.8 ($1.1), Singapore $0.8 ($0.5), and Egypt $0.3 ($0.2).
Deficits were recorded, in billions of dollars, with China $18.4
($21.3), Europe $7.2 ($7.7), Japan $7.1 ($6.5), OPEC $7.0
($9.3), the European Union $6.4 ($6.5), Mexico $5.1 ($4.6),
Canada $4.8 ($6.8), Korea $1.1 ($1.6), Taiwan $0.9 ($1.4), and
Brazil $0.1, (surplus of $0.1).

     Advanced technology products (ATP) exports were $19.4
billion in February and imports were $23.6 billion, resulting
in a deficit of $4.2 billion.  February exports were $1.4
billion less than the $20.8 billion in January, while imports
were $1.9 billion less than the $25.5 billion in January.

Revisions
                                  
     Goods carry-over in February was $0.3 billion (0.4
percent) for exports and $1.2 billion (0.9 percent) for imports.
For January, revised export carry-over was $0.2 billion (0.2
percent), revised down from $0.3 billion (0.3 percent).  For
January, revised import carry-over was $0.3 billion (0.2
percent), revised down from $1.2 billion (0.8 percent).
     
          
     Services exports for January were revised down $0.1
billion to $35.7 billion.  The revision was mostly accounted
for by a downward revision in travel.  Services imports for
January were revised down $0.1 billion to $29.4 billion. 
The revision was mostly accounted for by a downward
revision in travel.                                                                   
                         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