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 THURSDAY, APRIL 10, 2008

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
Maria Iseman
301-763-2311
Media:       Ralph Stewart
202-606-2649



CB08-58, BEA08-14, FT-900 (08-02)

U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
February 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 February exports 
of $151.4 billion and imports of $213.7 billion resulted 
in a goods and services deficit of $62.3 billion, up from 
$59.0 billion in January, revised.  February exports were 
$3.0 billion more than January exports of $148.4 billion.  
February imports were $6.3 billion more than January 
imports of $207.3 billion.

In February, the goods deficit increased $3.5 billion 
from January to $72.9 billion, and the services surplus 
increased $0.1 billion to $10.6 billion. Exports of goods 
increased $2.6 billion to $107.3 billion, and imports of 
goods increased $6.0 billion to $180.2 billion.  Exports 
of services increased $0.4 billion to $44.1 billion, and 
imports of services increased $0.3 billion to $33.5 
billion.

In February, the goods and services deficit increased 
$4.1 billion from February 2007.  Exports were up $26.1 
billion, or 20.8 percent, and imports were up $30.2 
billion, or 16.4 percent.

Goods

The January to February change in exports of goods 
reflected increases in industrial supplies and materials


($1.9 billion); foods, feeds, and beverages ($0.7 billion); 
other goods ($0.6 billion); and automotive vehicles, 
parts, and engines ($0.4 billion).  Decreases occurred in 
capital goods ($0.7 billion) and consumer goods ($0.1 
billion).

     The January to February change in imports of goods 
reflected increases in consumer goods ($2.2 billion); 
automotive vehicles, parts, and engines ($1.8 billion); 
capital goods ($1.0 billion); foods, feeds, and beverages 
($0.1 billion); industrial supplies and materials ($0.1 
billion); and other goods ($0.1 billion).
 
The February 2007 to February 2008 change in 
exports of goods reflected increases in industrial 
supplies and materials ($8.0 billion); capital goods ($4.2 
billion); foods, feeds, and beverages ($3.0 billion); 
consumer goods ($1.8 billion); automotive vehicles, 
parts, and engines ($1.4 billion); and other goods ($0.5 
billion).

The February 2007 to February 2008 change in 
imports of goods reflected increases in industrial 
supplies and materials ($19.5 billion); capital goods 
($1.9 billion); automotive vehicles, parts, and engines 
($1.5 billion); consumer goods ($1.3 billion); foods, 
feeds, and beverages ($0.6 billion); and other goods 
($0.1 billion).

Services
	
	Services exports increased $0.4 billion from January 
to February.  The increase was mostly accounted for by 
increases in travel and royalties and license fees.  
Changes in other categories of services exports were 
small and nearly offsetting.

	Services imports increased $0.3 billion from 
January to February.  The increase was mostly accounted 
for by increases in other transportation (which includes 
freight and port services), travel, and 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 and nearly offsetting. 
									
	From February 2007 to February 2008, services 
exports increased $7.1 billion.  The largest increases 
were in other private services ($2.8 billion), travel ($2.1 
billion), royalties and license fees ($0.9 billion), and 
other transportation ($0.9 billion).  Within other private 
services, increases were largest in business, professional, 
and technical services and in financial services.

	From February 2007 to February 2008, services 
imports increased $4.0 billion.  The largest increases 
were in other private services ($2.0 billion), other 
transportation ($0.6 billion), and travel ($0.5 billion). 
Within other private services, increases were largest in 
insurance services and in business, professional, and 
technical services.

Goods and Services Moving Average

 
For the three months ending in February, exports of 
goods and services averaged $148.5 billion, while 
imports of goods and services averaged $208.2 billion, 
resulting in an average trade deficit of $59.7 billion.  For 
the three months ending in January, the average trade 
deficit was $59.7 billion, reflecting average exports of 
$146.0 billion and average imports of $205.7 billion.


Selected Not Seasonally Adjusted Goods Details

The February figures showed surpluses, in billions 
of dollars, with Australia $1.2 ($0.6 for January), Hong 
Kong $1.2 ($0.9), Singapore $1.1 ($0.5), Belgium $0.7 
($0.9), and Egypt $0.4 ($0.3).  Deficits were recorded, in 
billions of dollars, with China $18.4 ($20.3), OPEC 
$13.2 ($15.5), Japan $6.9 ($6.6), the European Union 
$6.9 ($6.1), Canada $6.5 ($5.9), Mexico $5.5 ($5.1), 
Nigeria $2.9 ($3.4), Venezuela $2.6 ($3.4), Korea $1.1 
($1.2), and Taiwan $0.7 ($1.0).

Advanced technology products (ATP) exports were 
$22.3 billion in February and imports were $25.6 billion, 
resulting in a deficit of $3.3 billion.  February exports 
were $0.1 billion more than the $22.1 billion in January, 
while imports were virtually unchanged  from January at 
$25.6 billion.

Revisions

Goods carry-over in February was $0.4 billion (0.4 
percent) for exports and $1.7 billion (1.0 percent) for 
imports.  For January, revised export carry-over was 
$0.1 billion (0.1 percent), revised down from $0.2 billion 
(0.2 percent).  For January, revised import carry-over 
was $0.3 billion (0.2 percent), revised down from $0.8 
billion (0.5 percent).

Services exports for January were virtually 
unrevised at $43.6 billion.  Downward revisions in travel 
and passenger fares were partly offset by an upward 
revision in other transportation.  Services imports for 
January were virtually unrevised at $33.2 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 March 11, 2008.
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 May 9, 2008.

			

Scheduled release dates through February 2009 are located on page 31


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.
