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, OCTOBER 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



CB12-193, BEA12-46, FT-900 (12-08)

U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
August 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 August exports of $181.3 billion 
and imports of $225.5 billion resulted in a goods and services 
deficit of $44.2 billion, up from $42.5 billion in July, revised.  
August exports were $1.9 billion less than July exports of 
$183.2 billion.  August imports were $0.2 billion less than 
July imports of $225.7 billion.
    
    In August, the goods deficit increased $1.5 billion from 
July to $59.3 billion, and the services surplus decreased $0.3 
billion from July to $15.1 billion.  Exports of goods decreased 
$2.1 billion to $128.5 billion, and imports of goods decreased 
$0.7 billion to $187.8 billion.  Exports of services increased 
$0.2 billion to $52.8 billion, and imports of services increased 
$0.5 billion to $37.7 billion.
    
    The goods and services deficit decreased $0.6 billion 
from August 2011 to August 2012.  Exports were up $2.9 
billion, or 1.6 percent, and imports were up $2.3 billion, or 1.0 
percent.
    
Goods (Census Basis)
    
    The July to August decrease in exports of goods reflected 
decreases in industrial supplies and materials ($1.2 billion); 
foods, feeds, and beverages ($1.1 billion); consumer goods 
($0.4 billion); and automotive vehicles, parts, and engines 
($0.1 billion).  Increases occurred in capital goods ($0.4 
billion) and other goods ($0.2 billion).
      
 
 

   The July to August decrease in imports of goods reflected 
decreases in consumer goods ($1.2 billion); automotive 
vehicles, parts, and engines ($0.8 billion); and capital goods 
($0.5 billion). Increases occurred in industrial supplies and 
materials ($1.5 billion); other goods ($0.2 billion); and foods, 
feeds, and beverages ($0.1 billion).  
   
   The August 2011 to August 2012 increase in exports of 
goods reflected increases in capital goods ($2.8 billion); 
foods, feeds, and beverages ($1.3 billion); automotive 
vehicles, parts, and engines ($1.1 billion); other goods ($0.3 
billion) and consumer goods ($0.3 billion). A decrease 
occurred in industrial supplies and materials ($3.9 billion).
   
   
   
   
   The August 2011 to August 2012 increase in imports of 
goods reflected increases in automotive vehicles, parts, and 
engines ($3.9 billion); capital goods ($2.1 billion); foods, 
feeds, and beverages ($0.3 billion); and other goods ($0.1 
billion).  Decreases occurred in industrial supplies and 
materials ($4.2 billion) and consumer goods ($0.7 billion).
    
Services

    Exports of services increased $0.2 billion from July to 
August. The increase was mostly accounted for by increases in 
other private services ($0.1 billion), which includes items 
such as business, professional, and technical services, 
insurance services, and financial services, and in 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 $0.5 billion from July to 
August.  The increase was more than accounted for by an 
increase in royalties and license fees ($0.5 billion), which 
included an increased amount for the rights to broadcast the 
portion of the 2012 Summer Olympic Games that occurred in 
August. July imports include a smaller amount for the portion 
of the Games that occurred in July. Changes in the other 
categories of services imports were small.
				
	The August 2011 to August 2012 increase in exports of 
services was $0.9 billion. The largest increases were in travel 
($0.5 billion) and other private services ($0.5 billion). Within 
other private services, the largest increase was in business, 
professional, and technical services.

	The August 2011 to August 2012 increase in imports of 
services was $1.2 billion.  The largest increases were in 
royalties and license fees ($1.1 billion) and travel ($0.5 
billion). The increase in royalties and license fees was mostly 
accounted for by payments for the rights to broadcast the 2012 
Summer Olympic Games.
    
Goods and Services Moving Average

    For the three months ending in August, exports of goods 
and services averaged $183.2 billion, while imports of goods 
and services averaged $226.1 billion, resulting in an average 
trade deficit of $42.9 billion.  For the three months ending in 
July, the average trade deficit was $44.0 billion, reflecting 
average exports of $183.8 billion and average imports of 
$227.8 billion.
 








Selected Not Seasonally Adjusted Goods Details
    
    The August figures show surpluses, in billions of dollars, 
with Hong Kong $2.1 ($1.8 for July), Australia $1.8 ($2.1), 
Singapore $0.9 ($0.7), and Egypt $0.2 ($0.2).  Deficits were 
recorded, in billions of dollars, with China $28.7 ($29.4), 
European Union $11.7 ($12.0), OPEC $8.1 ($8.4), Japan $6.7 
($6.8), Germany $5.7 ($4.9), Mexico $4.5 ($5.0), Canada $2.4 
($2.1), Ireland $2.4 ($2.6), Venezuela $2.2 ($1.4), Korea $1.6 
($1.9), Taiwan $1.4 ($1.5), and Nigeria $1.1 ($0.8).  
   
   Advanced technology products exports were $25.5 billion 
in August and imports were $32.3 billion, resulting in a deficit 
of $6.7 billion.  August exports were $0.7 billion more than 
the $24.8 billion in July, while August imports were $0.7 
billion less than the $33.0 billion in July.
    
Revisions 
       
Census Basis (not seasonally adjusted)
    
    For July, exports of goods were revised down $0.1 billion 
and imports of goods were revised up $0.5 billion.  Goods 
carry-over in August was $0.1 billion (0.1 percent) for exports 
and $1.3 billion (0.6 percent) for imports.  For July, revised 
export and import carry-over were virtually zero.

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



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




