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. EST FRIDAY, JANUARY 13, 2012

For information on goods contact:
U.S. Census Bureau:

Matthew Przybocki
301-763-3148

Maria Iseman
301-763-2311

For information on services contact:
U.S. Bureau of Economic Analysis:

Technical:  Edward Dozier
202-606-9559

Media:       Ralph Stewart
202-606-2649



CB12-10, BEA12-01, FT-900 (11-11)

U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
November 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 November exports of $177.8 
billion and imports of $225.6 billion resulted in a goods and 
services deficit of $47.8 billion, up from $43.3 billion in 
October, revised.  November exports were $1.5 billion less than 
October exports of $179.4 billion.  November imports were 
$2.9 billion more than October imports of $222.6 billion.
    
    In November, the goods deficit increased $4.6 billion 
from October to $63.2 billion, and the services surplus 
increased $0.1 billion from October to $15.4 billion.  Exports 
of goods decreased $1.5 billion to $126.6 billion, and imports 
of goods increased $3.1 billion to $189.7 billion.  Exports of 
services were virtually unchanged at $51.3 billion, and imports 
of services decreased $0.2 billion to $35.9 billion.
    
    The goods and services deficit increased $8.9 billion from 
November 2010 to November 2011.  Exports were up $16.6 
billion, or 10.3 percent, and imports were up $25.5 billion, or 
12.7 percent.
    
Goods (Census Basis)
    
    The October to November decrease in exports of goods 
reflected decreases in industrial supplies and materials ($1.6 
billion); capital goods ($0.2 billion); other goods ($0.2 billion); 
automotive vehicles, parts, and engines ($0.2 billion);  
  

 
and foods, feeds, and beverages ($0.1 billion). An increase 
occurred in consumer goods ($0.8 billion).

   The October to November increase in imports of goods 
reflected increases in industrial supplies and materials ($2.7 
billion); automotive vehicles, parts, and engines ($0.8 billion); 
other goods ($0.6 billion); and capital goods ($0.1 billion). 
Decreases occurred in consumer goods ($0.7 billion) and 
foods, feeds, and beverages ($0.1 billion).
   
   The November 2010 to November 2011 increase in 
exports of goods reflected increases in industrial supplies and 
materials ($6.3 billion); capital goods ($3.5 billion); 
automotive vehicles, parts, and engines ($1.6 billion); 
consumer goods ($0.7 billion); and other goods ($0.3 billion). 
A decrease occurred in foods, feeds, and beverages ($0.1 
billion).  
   
   
   
   The November 2010 to November 2011 increase in 
imports of goods reflected increases in industrial supplies and 
materials ($13.1 billion); capital goods ($3.5 billion); 
automotive vehicles, parts, and engines ($2.9 billion); 
consumer goods ($1.7 billion); foods, feeds, and beverages 
($1.4 billion); and other goods ($0.6 billion).
    
Services

    Exports of services were virtually unchanged from 
October to November.  Decreases in travel and passenger 
fares were mostly offset by increases in royalties and license 
fees and other private services (which includes items such as 
business, professional, and technical services, insurance 
services, and financial services).  Changes in the other 
categories of services exports were small.
    
	Imports of services decreased $0.2 billion from October to 
November.  The decrease was more than accounted for by 
decreases in travel and other transportation (which includes 
freight and port services).  Changes in the other categories of 
services imports were small.
				
	The November 2010 to November 2011 increase in 
exports of services was $3.8 billion. The largest increases were 
in royalties and license fees ($1.5 billion), other private 
services ($0.9 billion), and travel ($0.7 billion).  Within other 
private services, the largest increase was in business, 
professional, and technical services.

	The November 2010 to November 2011 increase in 
imports of services was $2.1 billion. The largest increases were 
in other private services ($1.1 billion), other transportation 
($0.3 billion), and royalties and license fees ($0.3 billion).  
Within other private services, the largest increase was in 
business, professional, and technical services.
    
Goods and Services Moving Average

    For the three months ending in November, exports of 
goods and services averaged $179.3 billion, while imports of 
goods and services averaged $224.3 billion, resulting in an 
average trade deficit of $45.1 billion.  For the three months 
ending in October, the average trade deficit was $44.3 billion, 
reflecting average exports of $179.3 billion and average 
imports of $223.6 billion.
 

Selected Not Seasonally Adjusted Goods Details
    
    The November figures show surpluses, in billions of 
dollars, with Hong Kong $3.2 ($3.0 for October), Australia 
$1.5 ($2.1), Singapore $1.0 ($1.0), and Egypt $0.1 ($0.2).  


Deficits were recorded, in billions of dollars, with China $26.9 
($28.1), European Union $9.7 ($8.0), OPEC $9.1 ($8.3), Japan 
$6.2 ($6.2), Mexico $5.5 ($5.3), Germany $4.7 ($4.3), Canada 
$3.0 ($2.2), Ireland $2.8 ($2.8), Nigeria $2.3 ($1.9), Venezuela 
$1.9 ($2.3), Taiwan $1.4 ($1.7), and Korea $1.3 ($1.4). 
    
    Advanced technology products exports were $24.9 billion 
in November and imports were $35.7 billion, resulting in a 
deficit of $10.7 billion.  November exports were $0.5 billion 
less than the $25.5 billion in October, while November imports 
were $0.2 billion less than the $35.9 billion in October.
    
Revisions  

Census Basis (not seasonally adjusted)
    
    For October, exports of goods were revised up $0.3 billion 
and imports of goods were revised up $0.1 billion. Goods 
carry-over in November was $0.3 billion (0.3 percent) for 
exports and $1.6 billion (0.9 percent) for imports.  For October, 
revised export carry-over was virtually zero. For October, 
revised import carry-over was $0.2 billion (0.1 percent).

Balance of Payments Basis (seasonally adjusted)
    
    For October, exports of goods were revised up $0.3 billion 
and imports of goods were revised up $0.1 billion.  
    
    For October, exports of services were revised down $0.1 
billion; the revision was more than accounted for by 
downward revisions in passenger fares and travel.  For 
October, imports of services were revised down $0.1 billion, 
mostly reflecting a downward revision in travel.
    


NOTICE

Upcoming Changes to the Real (chain-weighted dollar) Series

Effective with the release of the January 2012 statistics on March 9, 2012, the U.S. Census Bureau 
(Census) will begin seasonally adjusting selected export and import prices that previously were not 
seasonally adjusted.  These prices are used in calculating the chain-weighted dollar series (Exhibits 10 
and 11).  Chain-weighted dollar statistics for 2010 and 2011 will be revised to reflect this new procedure.

This change will improve the overall quality of the chain-weighted dollar series by removing identified 
seasonal patterns.  This change also improves consistency between the Census chain-weighted dollar data 
and the chain-weighted dollar data published by the Bureau of Economic Analysis (BEA) in the National 
Income and Product Accounts. For information on recent changes to BEA's seasonal adjustment 
procedures, see "Annual Revision of the National Income and Product Accounts" in the August 2011 
Survey of Current Business, p. 27.
If you have any questions or need additional information, please contact the Special Projects Branch of 
the U.S. Census Bureau's Foreign Trade Division on (301) 763-3251.

















BLANK PAGE 



Table of Contents 

Seasonally Adjusted

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

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

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

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

Exhibit 5
U.S. Trade in Goods 

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

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

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

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

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)

Not Seasonally Adjusted

Exhibit 12
U.S. Trade in Goods

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

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

Exhibit 15
Exports and Imports of Goods by Principal SITC Commodities 

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

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

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

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

Information on Goods and Services 




