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, JULY 11, 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



CB12-123, BEA12-31, FT-900 (12-05)

U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
May 2012


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 May exports of $183.1 billion and 
imports of $231.8 billion resulted in a goods and services 
deficit of $48.7 billion, down from $50.6 billion in April, 
revised.  May exports were $0.4 billion more than April 
exports of $182.7 billion.  May imports were $1.6 billion less 
than April imports of $233.3 billion.
    
    In May, the goods deficit decreased $1.6 billion from 
April to $63.5 billion, and the services surplus increased $0.3 
billion from April to $14.8 billion.  Exports of goods were 
virtually unchanged at $130.7 billion, and imports of goods 
decreased $1.6 billion to $194.3 billion.  Exports of services 
increased $0.3 billion to $52.4 billion, and imports of services 
increased $0.1 billion to $37.5 billion.
    
    The goods and services deficit increased $1.0 billion from 
May 2011 to May 2012.  Exports were up $7.4 billion, or 4.2 
percent, and imports were up $8.4 billion, or 3.8 percent.
    
Goods (Census Basis)
    
    The April to May increase in exports of goods reflected 
increases in foods, feeds, and beverages ($0.9 billion) and 
capital goods ($0.7 billion). Decreases occurred in industrial 
supplies and materials ($0.8 billion); consumer goods ($0.2 
billion); and automotive vehicles, parts, and engines ($0.1 
billion). Other goods were virtually unchanged. 
      
 
 

   The April to May decrease in imports of goods reflected 
decreases in industrial supplies and materials ($3.6 billion); 
consumer goods ($0.4 billion); and foods, feeds, and 
beverages ($0.1 billion).  Increases occurred in capital goods 
($1.4 billion); automotive vehicles, parts, and engines ($0.7 
billion); and other goods ($0.3 billion). 
   
   The May 2011 to May 2012 increase in exports of goods 
reflected increases in capital goods ($2.6 billion); automotive 
vehicles, parts, and engines ($1.3 billion); foods, feeds, and 
beverages ($0.9 billion); industrial supplies and materials 
($0.6 billion); and  consumer goods ($0.5 billion). A decrease 
occurred in other goods ($0.1 billion). 
   
   
   
   
   The May 2011 to May 2012 increase in imports of goods 
reflected increases in automotive vehicles, parts, and engines 
($5.6 billion); capital goods ($4.5 billion); other goods ($0.7 
billion); consumer goods ($0.4 billion); and foods, feeds, and 
beverages ($0.1 billion).  A decrease occurred in industrial 
supplies and materials ($4.6 billion).
    
Services

    Exports of services increased $0.3 billion from April to 
May.  The increase was mostly accounted for by increases in 
other private services ($0.2 billion), which includes items 
such as business, professional, and technical services, 
insurance services, and financial services, and passenger fares 
($0.1 billion).  Changes in the other categories of services 
exports were small.
    
	Imports of services increased $0.1 billion from April to 
May.  The increase was more than accounted for by an 
increase in other private services ($0.1 billion).  A decrease in 
passenger fares ($0.1 billion) was partly offsetting. Changes 
in the other categories of services imports were small.
				
	The May 2011 to May 2012 increase in exports of services 
was $1.6 billion.  The largest increases were in travel ($0.8 
billion), royalties and license fees ($0.3 billion), other private 
services ($0.3 billion), and passenger fares ($0.3 billion).  
Within other private services, the largest increase was in 
business, professional, and technical services.

	The May 2011 to May 2012 increase in imports of 
services was $2.1 billion.  The largest increases were in other 
private services ($0.7 billion), travel ($0.6 billion), and 
royalties and license fees ($0.6 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 May, exports of goods and 
services averaged $183.4 billion, while imports of goods and 
services averaged $234.1 billion, resulting in an average trade 
deficit of $50.6 billion.  For the three months ending in April, 
the average trade deficit was $49.5 billion, reflecting average 
exports of $182.4 billion and average imports of $231.9 
billion.
 

Selected Not Seasonally Adjusted Goods Details
    
    The May figures show surpluses, in billions of dollars, 
with Hong Kong $2.9 ($3.3 for April), Australia $1.7 ($1.6), 
Singapore $1.0 ($0.7), and Egypt $0.1 ($0.2).  Deficits were 
recorded, in billions of dollars, with China $26.0 ($24.6), 
OPEC $11.2 ($11.5), European Union $10.5 ($8.7), Japan 
$6.4 ($6.3), Mexico $6.3 ($5.4), Germany $4.9 ($4.6), Ireland 
$2.7 ($1.9),  Canada $2.2 ($3.3), Korea $2.0 ($1.8), Venezuela 
$1.6 ($2.1), Nigeria $1.4 ($1.7), and Taiwan $1.3 ($1.3). 
     
   Advanced technology products exports were $24.8 billion 
in May and imports were $33.4 billion, resulting in a deficit of 
$8.7 billion.  May exports were $1.1 billion more than the 
$23.7 billion in April, while May imports were $3.1 billion 
more than the $30.3 billion in April.
    
Revisions 
       
Census Basis (not seasonally adjusted)
    
    For April, exports of goods were virtually unrevised and 
imports of goods were revised up $0.3 billion.  Goods carry-
over in May was $0.1 billion (0.1 percent) for exports and 
$1.4 billion (0.7 percent) for imports.  For April, revised 
export carry-over was virtually zero.  For April, revised import 
carry-over was $0.1 billion (0.1 percent).

Balance of Payments Basis (seasonally adjusted)
    
    For April, exports of goods were virtually unrevised and 
imports of goods were revised up $0.4 billion.  
    
    For April, exports of services were revised down $0.2 
billion, reflecting downward revisions in travel and passenger 
fares.  For April, imports of services were unrevised, 
reflecting small offsetting revisions to several categories.     
          



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 - Chained (2005) 
Dollars . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .


12
Exhibit 11
Real Exports, Imports, and Balance of Goods, Petroleum and Non-Petroleum End-Use 
Commodity Category Totals - Chained (2005) 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


   






