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 WEDNESDAY, MAY 11, 2011

For information on goods contact:	For information on services contact:
U.S. Census Bureau:	U.S. Bureau of Economic Analysis:
Matthew Przybocki
301-763-3148	Technical:  Edward Dozier
202-606-9559
Maria Iseman
301-763-2311	Media:       Ralph Stewart
202-606-2649
	
	CB11-84, BEA11-22, FT-900 (11-03)
U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
MARCH 2011
 


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 March exports of $172.7 billion and imports of $220.8 billion resulted in a goods and services deficit of $48.2 billion, up from $45.4 billion in February, revised.  March exports were $7.7 billion more than February exports of $165.0 billion.  March imports were $10.4 billion more than February imports of $210.4 billion.

In March, the goods deficit increased $3.0 billion from February to $62.1 billion, and the services surplus increased $0.3 billion to $13.9 billion.  Exports of goods increased $7.1 billion to $124.9 billion, and imports of goods increased $10.1 billion to $187.0 billion.  Exports of services increased $0.5 billion to $47.7 billion, and imports of services increased $0.3 billion to $33.8 billion.

The goods and services deficit increased $8.7 billion from March 2010 to  March 2011.  Exports were up $22.4 billion, or 14.9 percent, and imports were up $31.1 billion, or 16.4 percent.

Goods (Census Basis)

The February to March increase in exports of goods reflected increases in industrial supplies and materials ($2.5 billion); automotive vehicles, parts, and engines ($1.6 billion); capital goods ($1.0 billion); other goods ($0.8 billion); 
 

 
consumer goods ($0.7 billion); and foods, feeds, and beverages ($0.6 billion). 

The February to March increase in imports of goods reflected increases in industrial supplies and materials ($7.7 billion); automotive vehicles, parts, and engines ($2.1 billion); capital goods ($1.6 billion); and other goods ($0.6 billion). A decrease occurred in consumer goods ($2.0 billion). Foods, feeds, and beverages were virtually unchanged.

The March 2010 to March 2011 increase in exports of goods reflected increases in industrial supplies and materials ($9.9 billion); capital goods ($4.0 billion); foods, feeds, and beverages ($2.4 billion); automotive vehicles, parts, and engines ($2.4 billion); and consumer goods ($0.7 billion). A decrease occurred in other goods ($0.5 billion).



The March 2010 to March 2011 increase in imports of goods reflected increases in industrial supplies and materials ($13.8 billion); capital goods ($6.8 billion); automotive vehicles, parts, and engines ($4.0 billion); consumer goods ($3.0 billion); foods, feeds, and beverages ($1.2 billion); and other goods ($0.3 billion).

Services

Services exports increased $0.5 billion from February to March.  The increase was more than accounted for by increases in other private services (which includes items such as business, professional, and technical services, insurance services, and financial services), other transportation (which includes freight and port services), passenger fares, and transfers under U.S. military agency sales contracts.  A decrease in royalties and license fees was partly offsetting.  Changes in the other categories of services exports were small. 

	Services imports increased $0.3 billion from February to March.  The increase was mostly accounted for by increases in other transportation and other private services.  Changes in the other categories of services imports were small.
								
	The March 2010 to March 2011 increase in exports of services was $2.7 billion.  The largest increases were in other private services ($1.8 billion), travel ($0.4 billion), and passenger fares ($0.3 billion).  Within other private services, the largest increases were in financial services and business, professional, and technical services.
	
	The March 2010 to March 2011 increase in imports of services was $1.6 billion.  The largest increases were in other private services ($1.0 billion) and other transportation ($0.3 billion).  Within other private services, the largest increases were in insurance services and business, professional, and technical services.

Goods and Services Moving Average

For the three months ending in March, exports of goods and services averaged $168.4 billion, while imports of goods and services averaged $215.3 billion, resulting in an average trade deficit of $46.9 billion.  For the three months ending in February, the average trade deficit was $44.2 billion, reflecting average exports of $165.3 billion and average imports of $209.5 billion.

 


Selected Not Seasonally Adjusted Goods Details

The March figures show surpluses, in billions of dollars, with Hong Kong $2.7 ($2.5 for February), Australia $1.1 ($1.4), Singapore $0.9 ($0.8), and Egypt $0.4 ($0.5).  Deficits were recorded, in billions of dollars, with China $18.1 ($18.8), OPEC $10.8 ($9.4), European Union $9.0 ($6.9), Mexico $6.2 ($5.3), Japan $6.1 ($5.2), Germany $4.6 ($3.3), Venezuela $3.0 ($2.1), Canada $2.8 ($3.0), Ireland $2.6 ($2.6), Nigeria $2.5 ($2.5), Korea $0.6 ($0.8), and Taiwan $0.6 ($0.9).

Advanced technology products exports were $25.3 billion in March and imports were $32.2 billion, resulting in a deficit of $6.9 billion.  March exports were $4.3 billion more than the $21.0 billion in February, while March imports were $5.3 billion more than the $26.9 billion in February.

Revisions (Goods on a Census Basis, not seasonally adjusted)

For February, goods exports were revised down $0.2 billion and imports were revised down $0.3 billion. Goods carry-over in March was virtually zero for exports and $0.9 billion (0.5 percent) for imports.  For February, revised export carry-over was virtually unchanged at $0.1 billion (0.1 percent).  For February, revised import carry-over was $0.3 billion (0.2 percent), revised down from $1.4 billion (0.9 percent).

Services exports for February were virtually unrevised at $47.2 billion.  Services imports were virtually unrevised at $33.5 billion. 
 
 
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 (2005 Chain-weighted dollars) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
	
12
Exhibit 11	Real Exports, Imports, and Balance of Goods, Petroleum and Non-Petroleum End-Use Commodity Category Totals (2005 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


