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, SEPTEMBER 11, 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



CB08-137, BEA08-40, FT-900 (08-07)

U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
July 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 July exports of $168.1 billion 
and imports of $230.3 billion resulted in a goods and 
services deficit of $62.2 billion, up from $58.8 billion in 
June, revised.  July exports were $5.4 billion more than 
June exports of $162.8 billion.  July imports were $8.7 
billion more than June imports of $221.6 billion.

In July, the goods deficit increased $3.6 billion from 
June to $74.9 billion, and the services surplus increased 
$0.2 billion to $12.7 billion.  Exports of goods increased 
$4.5 billion to $120.8 billion, and imports of goods 
increased $8.1 billion to $195.7 billion.  Exports of services 
increased $0.8 billion to $47.4 billion, and imports of 
services increased $0.6 billion to $34.7 billion.

In July 2008, the goods and services deficit increased 
$4.9 billion from July 2007.  Exports were up $28.2 billion, 
or 20.1 percent, and imports were up $33.0 billion, or 16.8 
percent.

Goods

The June to July change in exports of goods reflected 
increases in industrial supplies and materials ($1.6 billion);




automotive vehicles, parts, and engines ($1.4 billion); 
capital goods ($0.9 billion); and consumer goods ($0.8 
billion).  A decrease occurred in foods, feeds, and 
beverages ($0.1 billion).  Other goods were virtually 
unchanged.
 
	The June to July change in imports of goods reflected 
increases in industrial supplies and materials ($7.0 billion); 
capital goods ($0.6 billion); other goods ($0.3 billion); and 
foods, feeds, and beverages ($0.1 billion).  Decreases 
occurred in automotive vehicles, parts, and engines ($0.1 
billion) and consumer goods ($0.1 billion).
 
The July 2007 to July 2008 change in exports of goods 
reflected increases in industrial supplies and materials 
($11.9 billion); foods, feeds, and beverages ($3.4 billion); 
capital goods ($3.3 billion); consumer goods ($2.5 billion); 
automotive vehicles, parts, and engines ($1.3 billion); and 
other goods ($0.5 billion).

The July 2007 to July 2008 change in imports of goods 
reflected increases in industrial supplies and materials 
($26.8 billion); consumer goods ($2.2 billion); capital 
goods ($1.8 billion); foods, feeds, and beverages ($0.7 
billion); and other goods ($0.7 billion).  A decrease 
occurred in automotive vehicles, parts, and engines ($1.8 
billion). 

Services

	Services exports increased $0.8 billion from June to 
July.  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 $0.6 billion from June to 
July.  The increase was mostly accounted for by increases 
in other transportation, other private services, and travel.  
Changes in other categories of services imports were small.

	From July 2007 to July 2008, services exports 
increased $4.9 billion.  The largest increases were in 
travel ($1.6 billion), other private services ($1.3 billion), 
and other transportation ($1.1 billion).  Within other 
private services, the largest increases were in financial 
services and business, professional, and technical services.

	From July 2007 to July 2008, services imports 
increased $2.7 billion.  The largest increases were in travel 
($0.6 billion), other transportation ($0.6 billion), and other 
private services ($0.5 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 July, exports of goods 
and services averaged $162.6 billion, while imports of 
goods and services averaged $223.0 billion, resulting in an 
average trade deficit of $60.4 billion.  For the three months 
ending in June, the average trade deficit was $60.2 billion, 
reflecting average exports of $158.3 billion and average 
imports of $218.5 billion.

Selected Not Seasonally Adjusted Goods Details

	The July figures showed surpluses, in billions of 
dollars, with Australia $1.2 ($1.0 for June), Hong Kong 
$1.1 ($1.8), Singapore $0.9 ($1.5), and Egypt $0.5 ($0.4).  
Deficits were recorded, in billions of dollars, with China 
$24.9 ($21.4), OPEC $24.2 ($18.1), the European Union 
$11.0 ($8.2), Canada $8.3 ($7.2), Japan $6.3 ($6.1), Mexico 
$5.5 ($5.7), Venezuela $5.4 ($4.6), Nigeria $3.8 ($3.3), 
Korea $1.3 ($0.5), and Taiwan $0.5 ($0.6).

	Advanced technology products (ATP) exports were 
$23.3 billion in July and imports were $30.4 billion, 
resulting in a deficit of $7.1 billion.  July exports were $1.7 
billion less than the $25.0 billion in June, while imports 
were $1.5 billion more than the $28.9 billion in June.

Revisions

	Goods carry-over in July was $0.4 billion (0.3 percent) 
for exports and $2.2 billion (1.1 percent) for imports.  For 
June, revised export carry-over was $0.2 billion (0.2 
percent), revised down from $0.8 billion (0.7 percent).  For 
June, revised import carry-over was $0.2 billion (0.1 
percent), revised down from $1.4 billion (0.7 percent).

	Services exports and imports for January through June 
2008 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 
also in other private services and royalties and license fees.

	Services exports for June were revised down $1.2 
billion to $46.5 billion.  The revision was more than 
accounted for by downward revisions in other private 
services and royalties and license fees.  An upward revision 
in travel was partly offsetting.  Services imports for June 
were revised down $0.4 billion to $34.1 billion.  The 
revision was more than accounted for by a downward 
revision in other private services.  Upward revisions in 
royalties and license fees and other transportation were 
partly offsetting.



	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 October 10, 2008.

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







