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 TUESDAY, SEPTEMBER 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



CB12-169, BEA12-38, FT-900 (12-07)

U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
July 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 July exports of $183.3 billion and 
imports of $225.3 billion resulted in a goods and services 
deficit of $42.0 billion, up from $41.9 billion in June, revised.  
July exports were $1.9 billion less than June exports of $185.2 
billion.  July imports were $1.8 billion less than June imports 
of $227.1 billion.
    
    In July, the goods deficit decreased $0.2 billion from June 
to $57.3 billion, and the services surplus decreased $0.3 
billion from June to $15.3 billion.  Exports of goods decreased 
$1.9 billion to $130.8 billion, and imports of goods decreased 
$2.1 billion to $188.1 billion.  Exports of services were 
virtually unchanged at $52.5 billion, and imports of services 
increased $0.3 billion to $37.2 billion.
    
    The goods and services deficit decreased $3.6 billion 
from July 2011 to July 2012.  Exports were up $4.9 billion, or 
2.8 percent, and imports were up $1.4 billion, or 0.6 percent.
    
Goods (Census Basis)
    
    The June to July decrease in exports of goods reflected 
decreases in industrial supplies and materials ($2.4 billion); 
automotive vehicles, parts, and engines ($0.6 billion); other 
goods ($0.6 billion); and consumer goods ($0.4 billion). 
Increases occurred in foods, feeds, and beverages ($1.8 
billion) and capital goods ($0.1 billion).
      
 
 

   The June to July decrease in imports of goods reflected 
decreases in industrial supplies and materials ($2.1 billion); 
capital goods ($0.6 billion); and other goods ($0.4 billion). 
Increases occurred in automotive vehicles, parts, and engines 
($0.5 billion); consumer goods ($0.4 billion); and foods, feeds, 
and beverages ($0.1 billion).  
   
   The July 2011 to July 2012 increase in exports of goods 
reflected increases in foods, feeds, and beverages ($2.5 
billion); capital goods ($2.3 billion); consumer goods ($0.9 
billion); automotive vehicles, parts, and engines ($0.5 billion); 
and other goods ($0.1 billion). A decrease occurred in 
industrial supplies and materials ($2.0 billion).
   
   
   
   
   The July 2011 to July 2012 increase in imports of goods 
reflected increases in automotive vehicles, parts, and engines 
($3.6 billion); capital goods ($2.5 billion); other goods ($0.8 
billion); and foods, feeds, and beverages ($0.2 billion).  
Decreases occurred in industrial supplies and materials ($6.0 
billion) and consumer goods ($0.1 billion).
    
Services

    Exports of services were virtually unchanged from June to 
July. Increases in royalties and license fees ($0.1 billion), 
travel ($0.1 billion), and other private services ($0.1 billion), 
which includes items such as business, professional, and 
technical services, insurance services, and financial services, 
were mostly offset by decreases in several categories.  The 
largest decrease was in other transportation ($0.1 billion), 
which includes freight and port services.
    
	Imports of services increased $0.3 billion from June to 
July.  The increase was more than accounted for by an 
increase in royalties and license fees ($0.4 billion), which 
included payments for the rights to broadcast the 2012 
Summer Olympic Games. Decreases in passenger fares ($0.1 
billion) and travel ($0.1 billion) were partly offsetting.  
Changes in the other categories of services imports were 
small.
				
	The July 2011 to July 2012 increase in exports of services 
was $0.7 billion. The largest increases were in other private 
services ($0.6 billion) and travel ($0.4 billion). Within other 
private services, the largest increase was in business, 
professional, and technical services.

	The July 2011 to July 2012 increase in imports of services 
was $0.8 billion.  The largest increases were in royalties and 
license fees ($0.6 billion) and travel ($0.4 billion).
    
Goods and Services Moving Average

    For the three months ending in July, exports of goods and 
services averaged $183.8 billion, while imports of goods and 
services averaged $227.7 billion, resulting in an average trade 
deficit of $43.8 billion.  For the three months ending in June, 
the average trade deficit was $46.4 billion, reflecting average 
exports of $183.7 billion and average imports of $230.1 
billion.
 

Selected Not Seasonally Adjusted Goods Details
    
    The July figures show surpluses, in billions of dollars, 
with Australia $2.1 ($1.9 for June), Hong Kong $1.8 ($2.6), 
Singapore $0.7 ($1.2), and Egypt $0.2 ($0.1).  Deficits were 
recorded, in billions of dollars, with China $29.4 ($27.4), 
European Union $12.0 ($8.4), OPEC $8.4 ($8.5), Japan $6.8 
($6.0), Mexico $5.0 ($5.9), Germany $4.9 ($4.1), Ireland $2.6 
($2.6), Canada $2.1 ($1.5), Korea $1.9 ($1.1), Taiwan $1.5 
($1.2), Venezuela $1.4 ($1.0), and Nigeria $0.8 ($1.4). 
     
   
   Advanced technology products exports were $24.8 billion 
in July and imports were $33.0 billion, resulting in a deficit of 
$8.1 billion.  July exports were $1.7 billion less than the $26.5 
billion in June, while July imports were $0.7 billion less than 
the $33.7 billion in June.
    
Revisions 
       
Census Basis (not seasonally adjusted)
    
    For June, exports of goods were revised up $0.1 billion 
and imports of goods were revised down $0.1 billion.  Goods 
carry-over in July was $0.2 billion (0.2 percent) for exports 
and $0.7 billion (0.4 percent) for imports.  For June, revised 
export and import carry-over were virtually zero.

Balance of Payments Basis (seasonally adjusted)
    
    For January 2012 through June 2012, exports and imports 
of goods and services were revised to incorporate more 
comprehensive and updated quarterly and monthly data.  

    For June, exports of goods were virtually unrevised and 
imports of goods were revised down $0.1 billion.  Exports of 
services were revised up $0.2 billion; an upward revision in 
other private services was partly offset by downward revisions 
in travel and transfers under U.S. military sales contracts. 
Imports of services were revised down $0.7 billion, mostly 
reflecting a downward revision in other private services.     
          



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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