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. EDT TUESDAY, MARCH 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



CB08-42, BEA08-08, FT-900 (08-01)

U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
January 2008




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 January exports of 
$148.2 billion and imports of $206.4 billion resulted in a 
goods and services deficit of $58.2 billion, up from $57.9 
billion in December, revised.  January exports were $2.4 
billion more than December exports of $145.9 billion.  
January imports were $2.7 billion more than December 
imports of $203.7 billion.

In January, the goods deficit increased $0.7 billion 
from December to $68.7 billion, and the services surplus 
increased $0.4 billion to $10.5 billion. Exports of goods 
increased $1.6 billion to $104.5 billion, and imports of 
goods increased $2.4 billion to $173.3 billion.  Exports of 
services increased $0.8 billion to $43.7 billion, and 
imports of services increased $0.4 billion to $33.1 billion.

In January, the goods and services deficit was up $0.8 
billion from January 2007.  Exports were up $21.1 billion, 
or 16.6 percent, and imports were up $21.9 billion, or 11.9 
percent.

Goods

The December to January change in exports of goods 
reflected increases in industrial supplies and materials 
($0.8 billion); foods, feeds, and beverages ($0.6 billion); 

and consumer goods ($0.5 billion).   A decrease occurred 
in capital goods ($0.5 billion).  Other goods and 
automotive vehicles, parts, and engines were virtually 
unchanged.

     The December to January change in imports of goods 
reflected increases in industrial supplies and materials 
($3.8 billion); foods, feeds, and beverages ($0.3 billion); 
and automotive vehicles, parts, and engines ($0.2 billion).  
Decreases occurred in consumer goods ($1.7 billion) and 
capital goods ($0.2 billion).  Other goods were virtually 
unchanged.
 
The January 2007 to January 2008 change in exports 
of goods reflected increases in industrial supplies and 
materials ($5.9 billion); capital goods ($2.8 billion); 
foods, feeds, and beverages ($2.6 billion); consumer goods 
($1.5 billion); and automotive vehicles, parts, and engines 
($1.2 billion).  A decrease occurred in other goods ($0.1 
billion).

The January 2007 to January 2008 change in imports 
of goods reflected increases in industrial supplies and 
materials ($15.6 billion); capital goods ($1.1 billion); 
foods, feeds, and beverages ($0.5 billion); other goods 
($0.3 billion); consumer goods ($0.3 billion); and 
automotive vehicles, parts, and engines ($0.2 billion).

Services
	
	Services exports increased $0.8 billion from 
December to January.  The largest increases were 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 increased $0.4 billion from 
December to January.  The largest increases were in other 
private services, other transportation (which includes 
freight and port services), and passenger fares.  Changes 
in other categories of services imports were small.
			
	From January 2007 to January 2008, services exports 
increased $6.7 billion.  The largest increases were in other 
private services ($2.8 billion), travel ($1.9 billion), and 
royalties and license fees ($0.8 billion).
						
	From January 2007 to January 2008, services imports 
increased $3.7 billion.  The largest increases were in other 
private services ($2.0 billion) and passenger fares ($0.5 
billion).

Goods and Services Moving Average

 
For the three months ending in January, exports of 
goods and services averaged $145.9 billion, while imports 
of goods and services averaged $205.4 billion, resulting in 
an average trade deficit of $59.5 billion.  For the three 
months ending in December, the average trade deficit was 
$59.3 billion, reflecting average exports of $144.1 billion 
and average imports of $203.4 billion.

Selected Not Seasonally Adjusted Goods Details

The January figures showed surpluses, in billions of 
dollars, with Hong Kong $0.9 ($1.1 for December), 
Australia $0.6 ($0.9), Singapore $0.5 ($1.0), and Egypt 
$0.3 ($0.3).  Deficits were recorded, in billions of dollars, 
with China $20.3 ($18.8), OPEC $15.5 ($12.6), Europe 
$7.4 ($9.2), Japan $6.6 ($6.6), the European Union $6.1 
($7.8), Canada $5.9 ($4.7), Mexico $5.1 ($6.5), Venezuela 
$3.4 ($3.7), Nigeria $3.4 ($3.4), Korea $1.2 ($0.4), and 
Taiwan $1.0 ($0.3).

Advanced technology products (ATP) exports were 
$22.1 billion in January and imports were $25.6 billion, 
resulting in a deficit of $3.5 billion.  January exports were 
$2.7 billion less than the $24.8 billion in December, while 
imports were $2.0 billion less than the $27.6 billion in 
December.

Revisions

Goods carry-over in January was $0.2 billion (0.2 
percent) for exports and 0.8 billion (0.5 percent) for 
imports. For December, revised export carry-over was 
$0.3 billion (0.3 percent).  For December, revised import 
carry-over was $0.3 billion (0.2 percent), revised down 
from $1.1 billion (0.7 percent).

Goods and services exports and imports for all 
months in 2007 were revised in order to align the 
seasonally adjusted monthly estimates with the annual 
totals.
						
Services exports and imports for July through 
December 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 and royalties and 
license fees.  For services imports, the largest revisions 
over the entire period were in other private services and 
other transportation.

Services exports for December were revised up $1.7 
billion to $42.9 billion.  The revision was mostly 
accounted for by an upward revision in other private 
services.  Services imports for December were revised up 
$1.0 billion to  $32.8 billion.  The revision was mostly 
accounted for by an upward revision in other private 
services.







	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 Averages. . . . . . .
7

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 Category . . . . . . . . . . . . . . . . . . . .
11

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 Category . . . . . . . . . . . . . . . . . . . .
20

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

Exhibit 15
Exports and Imports of Goods by Principal SITC Commodities. . . . . . . . . . . . . . . . . . . .
23

Exhibit 16
Exports, Imports, and Balance of Advanced Technology Products. . . . . . . . . . . . . . . . . .
25

Exhibit 16a
Exports, Imports, and Balance of Advanced Technology Products by Technology
Group and Selected Countries and Areas. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
26

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

Exhibit 18
Exports and Imports of Motor Vehicles and Parts by Selected Countries. . . . . . . . . . . . .
28

Information on Goods and Services.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
29

Notice


Change to FT-900 Exhibit 18

Effective with this release, Exhibit 18: Exports and Imports of Motor Vehicles and Parts by Selected 
Countries is revised.  The composition of the three product groups is aligned to better match the 
Bureau of Economic Analysis' End-Use classification.  New headings read: Passenger Cars; Trucks, 
Buses, Special Purpose Vehicles; and Parts.

Changes to Country Groupings and Areas

Effective with this release, country groupings and areas are revised to reflect changes for the Euro area 
and OPEC as specified below.  

Euro Area 
Cyprus and Malta are added to the Euro area in exhibit 14 of the FT-900 report and exhibit 6 of the 
FT-900 supplement.  These changes are reflected in January 2008 statistics.  The statistics for prior 
time periods remain unchanged.


OPEC  
In December 2007, Ecuador was reinstated as a member of OPEC.  Ecuador has been added to OPEC 
in exhibit 14 of the FT-900 report and exhibits 3 and 6 of the FT-900 supplement.  These changes are 
reflected in December 2007 and January 2008 statistics.  The statistics for prior time periods remain 
unchanged.

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 29 of this release, or at www.census.gov/ft900 or 
www.bea.gov/bea/di/home/trade.htm.  The next FT-900 release is April 10, 2008.
2

Scheduled release dates through February 2009 are located on page 33

SOURCE: Report FT900 (CB-08-42, BEA-08-08), Bureau of the Census, Foreign
Trade Division, January 2008.  For more information, contact Nick Orsini
(301-763-6959) or Maria Iseman (301-763-2311), Foreign Trade Division.
