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 FRIDAY, JANUARY 11, 2008

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

CB08-07, BEA08-01, FT-900 (07-11)

U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
November 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 November exports 
of $142.3 billion and imports of $205.4 billion resulted in 
a goods and services deficit of $63.1 billion, up from 
$57.8 billion in October, revised.  November exports 
were $0.6 billion more than October exports of $141.7 
billion.  November imports were $6.0 billion more than 
October imports of $199.4 billion.

In November, the goods deficit increased $5.8 billion 
from October to $72.7 billion, and the services surplus 
increased $0.4 billion to $9.6 billion. Exports of goods 
increased $0.1 billion to $101.0 billion, and imports of 
goods increased $5.9 billion to $173.7 billion.  Exports of 
services increased $0.5 billion to $41.4 billion, and 
imports of services increased $0.1 billion to $31.8 billion.

In November, the goods and services deficit was up 
$4.7 billion from November 2006.  Exports were up $16.4 
billion, or 13.0 percent, and imports were up $21.1 billion, 
or 11.4 percent.

Goods

The October to November change in exports of goods 
reflected increases in automotive vehicles, parts, and 
engines ($0.5 billion); foods, feeds, and beverages ($0.4 
billion); other goods ($0.4 billion); and industrial supplies 
and materials ($0.2 billion).  Decreases occurred in 
capital goods ($0.9 billion) and consumer goods ($0.1 
billion).

The October to November change in imports of goods 
reflected increases in industrial supplies and materials 
($4.7 billion); consumer goods ($0.8 billion); other goods 
($0.3 billion); foods, feeds, and beverages ($0.2 billion); 
capital goods ($0.2 billion); and automotive vehicles, 
parts, and engines ($0.1 billion).
 
The November 2006 to November 2007 change in 
exports of goods reflected increases in industrial supplies 
and materials ($4.0 billion); foods, feeds, and beverages 
($2.5 billion); capital goods ($2.2 billion); automotive 
vehicles, parts, and engines ($1.8 billion); consumer 
goods ($1.0 billion); and other goods ($0.5 billion).

The November 2006 to November 2007 change in 
imports of goods reflected increases in industrial supplies 
and materials ($12.2 billion); capital goods ($2.1 billion); 
consumer goods ($1.9 billion); automotive vehicles, parts, 
and engines ($1.2 billion); foods, feeds, and beverages 
($0.7 billion); and other goods ($0.4 billion).

Services
	
Services exports increased $0.5 billion from October 
to November.  The increase was mostly accounted for by 
increases in transfers under U.S. military sales contracts, 
other transportation, which includes freight and port 
services, and travel.  Changes in other categories of 
services exports were small.
					
Services imports increased $0.1 billion from October 
to November.  The increase was mostly accounted for by 
an increase 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 imports were small.
				
From November 2006 to November 2007, services 
exports increased $4.2 billion.  The largest increases were 
in travel ($1.6 billion) and other private services ($1.1 
billion).

From November 2006 to November 2007, services 
imports increased $2.4 billion.  The largest increases were 
in other private services ($1.1 billion) and travel ($0.5 
billion).

Goods and Services Moving Average

 
For the three months ending in November, exports of 
goods and services averaged $141.5 billion, while imports 
of goods and services averaged $200.8 billion, resulting in 
an average trade deficit of $59.3 billion.  For the three 
months ending in October, the average trade deficit was 
$57.3 billion, reflecting average exports of $140.5 billion 
and average imports of $197.7 billion.

Selected Not Seasonally Adjusted Goods Details

The November figures showed surpluses, in billions 
of dollars, with Australia $1.0 ($0.9 for October), Hong 
Kong $1.0 ($1.3), Singapore $0.6 ($0.7), and Egypt $0.3 
($0.5).  Deficits were recorded, in billions of dollars, with 
China $24.0 ($25.9), Europe $12.0 ($13.7), OPEC $11.8 
($11.0), the European Union $10.4 ($11.9), Mexico $7.6 
($7.5), Japan $7.1 ($8.0), Canada $4.7 ($5.4), Taiwan $1.3 
($1.4), and Korea $1.2 ($0.8).

Advanced technology products (ATP) exports were 
$23.6 billion in November and imports were $30.0 billion, 
resulting in a deficit of $6.4 billion.  November exports 
were $1.6 billion less than the $25.2 billion in October, 
while imports were $1.9 billion less than the $31.8 billion 
in October.

Revisions

Goods carry-over in November was $0.3 billion (0.3 
percent) for exports and $1.3 billion (0.7 percent) for 
imports. For October, revised export carry-over was $0.1 
billion (0.1 percent), revised down from $0.4 billion (0.3 
percent).  For October, revised import carry-over was $0.5 
billion (0.3 percent), revised down from $1.5 billion (0.8 
percent).

Services exports for October were revised up $0.2 
billion to $40.8 billion.  The revision was mostly 
accounted for by an upward revision in travel.  Services 
imports for October were virtually unrevised at $31.7 
billion. 



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 February 14, 2008.

Scheduled release dates through February 2009 are located on page 31


