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, AUGUST 9, 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



CB12-144, BEA12-34, FT-900 (12-06)

U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
June 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 June exports of $185.0 billion and 
imports of $227.9 billion resulted in a goods and services 
deficit of $42.9 billion, down from $48.0 billion in May, 
revised.  June exports were $1.7 billion more than May 
exports of $183.3 billion.  June imports were $3.5 billion less 
than May imports of $231.4 billion.
    
    In June, the goods deficit decreased $5.4 billion from 
May to $57.5 billion, and the services surplus decreased $0.3 
billion from May to $14.6 billion.  Exports of goods increased 
$1.8 billion to $132.8 billion, and imports of goods decreased 
$3.6 billion to $190.3 billion.  Exports of services decreased 
$0.2 billion to $52.2 billion, and imports of services increased 
$0.1 billion to $37.6 billion.
    
    The goods and services deficit decreased $7.4 billion 
from June 2011 to June 2012.  Exports were up $12.3 billion, 
or 7.1 percent, and imports were up $4.9 billion, or 2.2 
percent.
    
Goods (Census Basis)
    
    The May to June increase in exports of goods reflected 
increases in consumer goods ($0.9 billion); automotive 
vehicles, parts, and engines ($0.7 billion); industrial supplies 
and materials ($0.6 billion); other goods ($0.2 billion); and 
capital goods ($0.2 billion). A decrease occurred in foods, 
feeds, and beverages ($0.8 billion). 
      
 
 

   The May to June decrease in imports of goods reflected 
decreases in industrial supplies and materials ($2.3 billion); 
capital goods ($1.3 billion); consumer goods ($0.6 billion); 
and foods, feeds, and beverages ($0.2 billion).  Increases 
occurred in automotive vehicles, parts, and engines ($0.6 
billion) and other goods ($0.1 billion). 
   
   The June 2011 to June 2012 increase in exports of goods 
reflected increases in capital goods ($3.8 billion); industrial 
supplies and materials ($2.8 billion); automotive vehicles, 
parts, and engines ($2.0 billion); consumer goods ($0.9 
billion); other goods ($0.9 billion); and foods, feeds, and 
beverages ($0.8 billion).
   
   
   
   
   The June 2011 to June 2012 increase in imports of goods 
reflected increases in automotive vehicles, parts, and engines 
($5.8 billion); capital goods ($3.5 billion); and other goods 
($0.3 billion). Decreases occurred in industrial supplies and 
materials ($5.3 billion); consumer goods ($0.5 billion); and 
foods, feeds, and beverages ($0.1 billion).  
    
Services

    Exports of services decreased $0.2 billion from May to 
June.  The decrease was mostly accounted for by decreases in 
other private services ($0.1 billion), which includes items 
such as business, professional, and technical services, 
insurance services, and financial services, and other 
transportation ($0.1 billion), which includes freight and port 
services.  Changes in the other categories of services exports 
were small.
    
	Imports of services increased $0.1 billion from May to 
June.  The increase was mostly accounted for by an increase in 
passenger fares ($0.1 billion).  Changes in the other categories 
of services imports were small.
				
	The June 2011 to June 2012 increase in exports of services 
was $1.2 billion.  The largest increases were in travel ($0.7 
billion), passenger fares ($0.2 billion), and royalties and 
license fees ($0.2 billion).

	The June 2011 to June 2012 increase in imports of 
services was $1.8 billion.  The largest increases were in other 
private services ($0.5 billion), royalties and license fees ($0.5 
billion), and travel ($0.5 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 June, exports of goods and 
services averaged $183.7 billion, while imports of goods and 
services averaged $230.9 billion, resulting in an average trade 
deficit of $47.2 billion.  For the three months ending in May, 
the average trade deficit was $50.4 billion, reflecting average 
exports of $183.5 billion and average imports of $233.9 
billion.
 

Selected Not Seasonally Adjusted Goods Details
    
    The June figures show surpluses, in billions of dollars, 
with Hong Kong $2.6 ($2.9 for May), Australia $1.9 ($1.7), 
Singapore $1.2 ($1.0), and Egypt $0.1 ($0.1).  Deficits were 
recorded, in billions of dollars, with China $27.4 ($26.0), 
OPEC $8.5 ($11.2), European Union $8.4 ($10.5), Japan $6.0 
($6.4), Mexico $5.9 ($6.3), Germany $4.1 ($4.9), Ireland $2.6 
($2.7), Canada $1.5 ($2.0), Nigeria $1.4 ($1.4), Taiwan $1.2 
($1.3), Korea $1.1 ($2.0), and Venezuela $1.0 ($1.6). 
     
   
   Advanced technology products exports were $26.5 billion 
in June and imports were $33.7 billion, resulting in a deficit of 
$7.2 billion.  June exports were $1.8 billion more than the 
$24.8 billion in May, while June imports were $0.3 billion 
more than the $33.4 billion in May.
    
Revisions 
       
Census Basis (not seasonally adjusted)
    
    For May, exports of goods were revised up $0.2 billion 
and imports of goods were revised down $0.3 billion.  Goods 
carry-over in June was virtually zero for exports and $0.8 
billion (0.4 percent) for imports.  For May, revised export 
carry-over was virtually zero.  For May, revised import carry-
over was $0.3 billion (0.2 percent).

Balance of Payments Basis (seasonally adjusted)
    
    For May, exports of goods were revised up $0.2 billion 
and imports of goods were revised down $0.4 billion.  
    
    For May, exports of services were virtually unrevised, 
reflecting small offsetting revisions to several categories.    
For May, imports of services were revised down $0.1 billion, 
reflecting downward 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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