                       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 11, 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
                                                  
                                        CB07-125, BEA07-40, FT-900 (07-07)


               U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
                           July 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 July exports of $137.7 billion 
and imports of $196.9 billion resulted in a goods and 
services deficit of $59.2 billion, $0.2 billion less than 
the $59.4 billion in June, revised.  July exports were 
$3.6 billion more than June exports of $134.1 billion.  
July imports were $3.4 billion more than June  imports of 
$193.5 billion.
                                                                 
     In July, the goods deficit decreased $0.3 billion 
from June to $68.1 billion, and the services surplus 
decreased $0.1 billion to $8.9 billion.  Exports of goods 
increased $3.5 billion to $98.4 billion, and imports of 
goods increased $3.2 billion to $166.6 billion.  Exports of 
services increased $0.1 billion to $39.2 billion, and 
imports of services increased $0.2 billion to $30.4 billion.

     In July, the goods and services deficit was down 
$8.3 billion from July 2006.  Exports were up $17.8 billion, 
or 14.8 percent, and imports were up $9.5 billion, or 5.1 percent.
     

Goods
                                 
     The June to July change in exports of goods reflected 
increases in capital goods ($1.9 billion); automotive vehicles, 
parts, and engines ($1.4 billion); consumer goods ($0.5 billion); 
and  foods, feeds, and beverages ($0.3 billion). A decrease 
occurred in industrial supplies and materials ($0.6 billion). 
Other goods were virtually unchanged.   

     The June to July change in imports of goods reflected 
increases in automotive vehicles, parts, and engines ($1.1 billion); 
industrial supplies and materials ($1.0 billion); consumer goods 
($0.4 billion); foods, feeds, and beverages ($0.2 billion); and 
other goods ($0.1 billion). A decrease occurred in capital goods 
($0.1 billion).  


2     


     The July 2006 to July 2007 change in exports of goods 
reflected increases in capital goods ($4.7 billion); industrial 
supplies and materials ($3.5 billion); automotive vehicles, parts, 
and engines ($2.0 billion); consumer goods ($1.4 billion);  foods, 
feeds, and beverages ($1.3 billion); and other goods ($0.6 billion).                                               
     The July 2006 to July 2007 change in imports of goods 
reflected increases in consumer goods ($2.8 billion); capital goods 
($1.9 billion); automotive vehicles, parts, and engines ($1.5 billion); 
foods, feeds, and beverages ($0.7 billion); and other goods 
($0.4 billion). Industrial supplies and materials were virtually 
unchanged.  

Services                                                           

     Services exports increased $0.1 billion from June to July.  
The increase was mostly accounted for by increases in travel and 
other transportation (which includes freight and port services), 
which were partly offset by a decrease 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 exports were small.                                                       
     Services imports increased $0.2 billion from June to July.  
The increase was more than accounted for by increases in other 
transportation and other private services.  Changes in other 
categories of services imports were small. 
          
     From July 2006 to July 2007, services exports increased 
$4.4 billion.  The largest increases were in other private 
services ($2.3 billion), travel ($0.9 billion), and other 
transportation ($0.6 billion). 
  
     From July 2006 to July 2007, services imports increased 
$1.7 billion.  The largest increases were in other private 
services ($1.2 billion), travel ($0.2 billion), and other 
transportation ($0.2 billion). 
                                                                   
Goods and Services Moving Average 

     For the three months ending in July, exports of goods and 
services averaged $134.7 billion, while imports of goods and 
services averaged $194.2 billion, resulting in an average trade 
deficit of $59.4 billion.  For the three months ending in June,
the average trade deficit was $59.2 billion, reflecting average 
exports of $131.9 billion and average imports of $191.1 billion.
                                                                   
     
Selected Not Seasonally Adjusted Goods Details 

     The July figures showed surpluses, in billions of dollars, 
with Hong Kong $0.9 ($1.2 for June), Australia $0.7 ($0.9), 
Singapore $0.5 ($1.0), Argentina $0.2 ($0.2), and Egypt $0.1 
($0.2 billion). Deficits were recorded, in billions of dollars, 
with China $23.8 ($21.2), Europe $14.8 ($9.6), 
the European Union $13.0 ($9.2), OPEC $10.9 ($9.9), 
Japan $8.0 ($6.3), Canada $5.7 ($5.9), Mexico $5.6 ($6.4), 
Korea $1.4 ($0.9), Taiwan $1.0 ($0.7), and Brazil $0.2 ($0.4).
                                  
     Advanced technology products (ATP) exports were $22.2 billion 
in July and imports were $27.1 billion, resulting in a deficit of 
$4.9 billion.  July exports were $2.1 billion less than the 
$24.2 billion in June, while imports were $0.4 billion less than 
the $27.5 billion in June.

Revisions
                                  
     Goods carry-over in July was $0.3 billion (0.3 percent) 
for exports and $2.0 billion (1.2 percent) for imports. For June, 
revised export carry-over was $0.1 billion (0.1 percent), revised 
down from $0.4 billion (0.4 percent).  For June, revised import 
carry-over was $0.4 billion (0.2 percent), revised down from 
$1.1 billion (0.7 percent).
     
     Services exports and imports for January through June 2007 
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 other transportation, passenger fares, and travel.

Services exports for June were revised down $0.2 billion to 
$39.1 billion.  The revision was more than  accounted for by a 
downward revision in other private services.  Services imports 
for June were revised up $0.2 billion to $30.2 billion.  The 
revision was more than accounted for by upward revisions in travel 
and other transportation, which were partly offset by downward 
revisions in passenger fares and other private services.                                                                   


                         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