U.S. Census Bureau
U.S. Bureau of Economic Analysis
NEWS
U.S. Department of Commerce ? Washington, DC 20230


FOR IMMEDIATE RELEASE
8:30 A.M. EST WEDNESDAY, DECEMBER 12, 2007

For information on goods contact:
U.S. Census Bureau:
Nick Orsini
301-763-6959
Maria Iseman
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

CB07-174, BEA07-55, FT-900 (07-10)

U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
October 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 October exports of 
$141.7 billion and imports of $199.5 billion resulted in a 
goods and services deficit of $57.8 billion, $0.7 billion 
more than the $57.1 billion in September, revised.  
October exports were $1.3 billion more than September 
exports of $140.4 billion.  October imports were $2.0 
billion more than September imports of $197.5 billion.

In October, the goods deficit increased $0.9 billion 
from September to $66.8 billion, and the services surplus 
increased $0.2 billion to $8.9 billion. Exports of goods 
increased $0.7 billion to $101.1 billion, and imports of 
goods increased $1.6 billion to $167.8 billion.  Exports of 
services increased $0.5 billion to $40.6 billion, and 
imports of services increased $0.3 billion to $31.7 billion.

In October, the goods and services deficit was down 
$0.3 billion from October 2006.  Exports were up $17.1 
billion, or 13.7 percent, and imports were up $16.7 billion, 
or 9.2 percent.

Goods

The September to October change in exports of goods 
reflected increases in capital goods ($1.3 billion) and 
other goods ($0.7 billion).  Decreases occurred in foods, 
feeds, and beverages ($0.5 billion); consumer goods ($0.4 
billion); and industrial supplies and materials ($0.2 
billion).  Automotive vehicles, parts, and engines were 
virtually unchanged.

 The September to October change in imports of 
goods reflected increases in industrial supplies and 
materials ($1.9 billion); consumer goods ($0.4 billion); 
and automotive vehicles, parts, and engines ($0.1 billion).  
Decreases occurred in capital goods ($0.5 billion) and 
foods, feeds, and beverages ($0.1 billion).  Other goods 
were virtually unchanged.
 
The October 2006 to October 2007 change in exports 
of goods reflected increases in capital goods ($3.7 
billion); industrial supplies and materials ($3.5 billion); 
food, feeds, and beverages ($2.1 billion); automotive 
vehicles, parts, and engines ($1.6 billion); consumer 
goods ($1.2 billion); and other goods ($0.5 billion).

The October 2006 to October 2007 change in imports 
of goods reflected increases in industrial supplies and 
materials ($7.9 billion); capital goods ($2.2 billion); 
consumer goods ($1.9 billion); automotive vehicles, parts, 
and engines ($1.3 billion); food, feeds, and beverages 
($0.5 billion); and other goods ($0.1 billion).

Services

	Services exports increased $0.5 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, travel, and other transportation, which includes 
freight and port services.  Changes in other categories of 
services exports were small.
					
	Services imports increased $0.3 billion from 
September to October.  The increase was mostly 
accounted for by an increase in other private services.  
Changes in other categories of services imports were 
small.
				
	From October 2006 to October 2007, services exports 
increased $4.2 billion.  The largest increases were in 
travel ($1.4 billion) and other private services ($1.4 
billion).
						
From October 2006 to October 2007, services imports 
increased $2.6 billion.  The largest increases were in other 
private services ($1.2 billion) and travel ($0.6 billion).

Goods and Services Moving Average

 
For the three months ending in October, exports of 
goods and services averaged $140.5 billion, while imports 
of goods and services averaged $197.8 billion, resulting in 
an average trade deficit of $57.3 billion.  For the three 
months ending in September, the average trade deficit was 
$57.7 billion, reflecting average exports of $139.2 billion 
and average imports of $197.0 billion.

Selected Not Seasonally Adjusted Goods Details

The October figures showed surpluses, in billions of 
dollars, with Hong Kong $1.3 ($1.4 for September), 
Australia $0.9 ($1.0), Singapore $0.7 ($0.7), Egypt $0.5 
($0.4), and Argentina $0.3 ($0.3).  Deficits were recorded, 
in billions of dollars, with China $25.9 ($23.8), Europe 
$13.7 ($7.3), the European Union $11.9 ($6.4), OPEC 
$11.0 ($11.1), Japan $8.0 ($6.2), Mexico $7.5 ($6.3), 
Canada $5.2 ($4.9), Taiwan $1.4 ($1.3), and Korea $0.8 
($0.9).

Advanced technology products (ATP) exports were 
$25.1 billion in October and imports were $31.8 billion, 
resulting in a deficit of $6.7 billion.  October exports were 
$2.3 billion more than the $22.9 billion in September, 
while imports were $3.8 billion more than the $28.1 
billion in September.

Revisions

Goods carry-over in October was $0.4 billion (0.3 
percent) for exports and $1.5 billion (0.8 percent) for 
imports. For September, revised export carry-over was 
virtually unchanged at $0.1 billion (0.1 percent).  For 
September, revised import carry-over was $0.2 billion (0.1 
percent), revised down from $0.9 billion (0.6 percent).

	Services exports and imports for April through 
September 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 royalties and license fees and other private 
services.  For services imports, the largest revision over 
the entire period was in other private services.
	
Services exports for September were revised up $0.1 
billion to $40.1 billion.  The revision was accounted for by 
upward revisions in royalties and license fees and other 
private services, which were partly offset by downward 
revisions in all other categories.  Services imports for 
September were revised up $0.7 billion to $31.3 billion.  
The revision was mostly accounted for by upward 
revisions in other private services and travel.



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 
 
NOTE:  Total goods data are reported on a Balance of Payments basis; commodity 
and country detail data for goods are on a Census basis.  For information on data 
sources and definitions, see the information section on page 27 of this release, 
or at www.census.gov/ft900 or www.bea.gov/bea/di/home/trade.htm.  
The next FT-900 release is January 11, 2008.

Scheduled release dates through February 2009 are located on page 31

SOURCE: Report FT900 (CB-07-174, BEA-07-55), Bureau of the Census, Foreign
Trade Division, October 2007.  For more information, contact Nick Orsini
(301-763-6959) or Maria Iseman  (301-763-2311), Foreign Trade Division.