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, AUGUST 12, 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



CB08-121, BEA08-37, FT-900 (08-06)

U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
June 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 June exports of 
$164.4 billion and imports of $221.2 billion resulted in a 
goods and services deficit of $56.8 billion, down from 
$59.2 billion in May, revised.  June exports were $6.4 
billion more than May exports of $158.0 billion.  June 
imports were $3.9 billion more than May imports of 
$217.2 billion.

In June, the goods deficit decreased $2.1 billion 
from May to $70.0 billion, and the services surplus 
increased $0.4 billion to $13.3 billion.  Exports of goods 
increased $5.7 billion to $116.7 billion, and imports of 
goods increased $3.6 billion to $186.7 billion.  Exports 
of services increased $0.7 billion to $47.7 billion, and 
imports of services increased $0.3 billion to $34.5 
billion.

In June, the goods and services deficit decreased 
$2.4 billion from June 2007.  Exports were up $28.7 
billion, or 21.1 percent, and imports were up $26.3 
billion, or 13.5 percent.

Goods

The May to June change in exports of goods 
reflected increases in industrial supplies and materials

($2.8 billion); capital goods ($1.2 billion); foods, feeds, 
and beverages ($0.9 billion); consumer goods ($0.7 
billion); and automotive vehicles, parts, and engines 
($0.6 billion).  A decrease occurred in other goods ($0.2 
billion). 
 
     The May to June change in imports of goods reflected 
increases in industrial supplies and materials ($5.6 
billion); other goods ($0.1 billion); and automotive 
vehicles, parts, and engines ($0.1 billion).  Decreases 
occurred in capital goods ($1.4 billion); consumer goods 
($0.6 billion); and foods, feeds, and beverages ($0.1 
billion).
 
The June 2007 to June 2008 change in exports of 
goods reflected increases in industrial supplies and 
materials ($10.0 billion); capital goods ($3.9 billion); 
foods, feeds, and beverages ($3.8 billion); consumer 
goods ($2.3 billion); automotive vehicles, parts, and 
engines ($0.8 billion); and other goods ($0.6 billion).

The June 2007 to June 2008 change in imports of 
goods reflected increases in industrial supplies and 
materials ($19.8 billion); consumer goods ($1.8 billion); 
capital goods ($1.2 billion); foods, feeds, and beverages 
($0.7 billion); and other goods ($0.4 billion).  A 
decrease occurred in automotive vehicles, parts, and 
engines ($0.9 billion). 

Services
	
	Services exports increased $0.7 billion from May to 
June.  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), royalties and 
license fees, passenger fares, and other transportation 
(which includes freight and port services).  
					
	Services imports increased $0.3 billion from May to 
June.  The increase was mostly accounted for by 
increases in other private services and passenger fares.  
Changes in other categories of services imports were 
small.
			
	From June 2007 to June 2008, services exports 
increased $6.8 billion.  The largest increases were in 
other private services ($2.3 billion), travel ($1.7 billion), 
other transportation ($1.1 billion), and royalties and 
license fees ($1.0 billion).  Within other private services, 
the largest increase was in business, professional, and 
technical services.
						
	From June 2007 to June 2008, services imports 
increased $3.1 billion.  The largest increases were in 
other private services ($1.2 billion), travel ($0.6 billion), 
and other transportation ($0.6 billion).  Within other 
private services, the largest increases were in business, 
professional, and technical services and insurance 
services.

Goods and Services Moving Average

 
For the three months ending in June, exports of 
goods and services averaged $159.5 billion, while 
imports of goods and services averaged $218.4 billion, 
resulting in an average trade deficit of $58.8 billion.  For 
the three months ending in May, the average trade deficit 
was $58.7 billion, reflecting average exports of $154.9 
billion and average imports of $213.7 billion.

Selected Not Seasonally Adjusted Goods Details

The June figures showed surpluses, in billions of 
dollars, with Hong Kong $1.8 ($1.4 for May), Singapore 
$1.5 ($1.3), Australia $1.0 ($1.1), and Egypt $0.4 ($0.3).  
Deficits were recorded, in billions of dollars, with China 
$21.4 ($21.0), OPEC $18.1 ($17.9), the European Union 
$8.2 ($7.9), Canada $7.2 ($5.4), Japan $6.1 ($5.0), 
Mexico $5.7 ($6.6), Venezuela $4.6 ($3.9), Nigeria $3.3 
($3.2), Taiwan $0.6 ($0.6), and Korea $0.5 ($1.1).

Advanced technology products (ATP) exports were 
$25.0 billion in June and imports were $28.9 billion, 
resulting in a deficit of $3.9 billion.  June exports were 
$1.0 billion more than the $24.1 billion in May, while 
imports were $1.3 billion more than the $27.6 billion in 
May.

Revisions

	Goods carry-over in June was $0.8 billion (0.7 
percent) for exports and $1.4 billion (0.7 percent) for 
imports.  For May, revised export carry-over was $0.2 
billion (0.1 percent), revised down from $0.7 billion (0.6 
percent).  For May, revised import carry-over was $0.1 
billion (0.1 percent), revised down from $1.5 billion (0.8 
percent).

Services exports for May were revised up $0.3 
billion to $47.0 billion.  The revision was mostly 
accounted for by upward revisions in travel and 
passenger fares.  Services imports for May were revised 
up $0.1 billion to $34.1 billion.  The revision was more 
than accounted for by an upward revision in travel.  



	TABLE OF CONTENTS
 

Seasonally Adjusted

Exhibit 1
U.S. International Trade in Goods and Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  

1
Exhibit 2
U.S. International Trade in Goods and Services Three-month Moving Averages. . . . . . .

2
Exhibit 3
U.S. Services by Major Category  Exports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3
Exhibit 4
U.S. Services by Major Category  Imports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4
Exhibit 5
U.S. Trade in Goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5
Exhibit 6
Exports and Imports of Goods by Principal End-Use Category . . . . . . . . . . . . . . . . . . . .

6
Exhibit 7
Exports of Goods by End-Use Category and Commodity. . . . . . . . . . . . . . . . . . . . . . . . .

7
Exhibit 8
Imports of Goods by End-Use Category and Commodity. . . . . . . . . . . . . . . . . . . . . . . . .

9
Exhibit 9
Exports, Imports, and Balance of Goods, Petroleum and Non-Petroleum End-Use 
Category Totals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .


11
Exhibit 10
Real Exports and Imports of Goods by Principal End-Use Category (2000 Chain-
weighted dollars) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .


12
Exhibit 11
Real Exports, Imports, and Balance of Goods, Petroleum and Non-Petroleum End-Use 
Commodity Category Totals (2000 Chain-weighted dollars) . . . . . . . . . . . . . . . . . . . . . . 


13

Not Seasonally Adjusted

Exhibit 12
U.S. Trade in Goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 

14
Exhibit 13
Exports and Imports of Goods by Principal End-Use Category . . . . . . . . . . . . . . . . . . . .

15
Exhibit 14
Exports, Imports, and Balance of Goods by Selected Countries and Areas. . . . . . . . . . . .

16
Exhibit 15
Exports and Imports of Goods by Principal SITC Commodities. . . . . . . . . . . . . . . . . . . .

18
Exhibit 16
Exports, Imports, and Balance of Advanced Technology Products. . . . . . . . . . . . . . . . . .

20
Exhibit 16a
Exports, Imports, and Balance of Advanced Technology Products by Technology
Group and Selected Countries and Areas. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .


21
Exhibit 17
Imports of Energy-Related Petroleum Products, Including Crude Oil . . . . . . . . . . . . . . .

22
Exhibit 18
Exports and Imports of Motor Vehicles and Parts by Selected Countries. . . . . . . . . . . . .

23
Information on Goods and Services.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
A-1

 
 
 
 


ii
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 April 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 A-1 of this release, or at www.census.gov/ft900 or 
www.bea.gov/newsreleases/international/trade/tradnewsrelease.htm.  The next FT-900 release is September 11, 2008.

Scheduled release dates through December 2008 are located on page A-5







