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, AUGUST 6, 2014

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:  	Jeffrey Bogen

202-606-9592

Media:       	Jeannine Aversa

202-606-2649



CB 14-146, BEA 14-36, FT-900 (14-06)

U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
June 2014


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 $195.9 billion and 
imports of $237.4 billion resulted in a goods and services 
deficit of $41.5 billion, down from $44.7 billion in May,  
revised. June exports were $0.3 billion more than May exports 
of $195.6 billion. June imports were $2.9 billion less than May 
imports of $240.3 billion.
    
    In June, the goods deficit decreased $3.0 billion from 
May to $60.3 billion, and the services surplus increased $0.1 
billion from May to $18.7 billion. Exports of goods increased 
$0.1 billion to $136.9 billion, and imports of goods decreased 
$2.9 billion to $197.2 billion. Exports of services increased 
$0.1 billion to $59.0 billion, and imports of services were 
virtually unchanged at $40.2 billion.
    
    The goods and services deficit increased $5.0 billion from 
June 2013 to June 2014. Exports were up $5.5 billion, or 2.9 
percent, and imports were up $10.5 billion, or 4.6 percent.
    
Goods (Census Basis)
    
    The May to June decrease in exports of goods reflected 
decreases in other goods ($0.5 billion) and foods, feeds, and 
beverages ($0.3 billion).  Increases occurred in consumer 
goods ($0.4 billion); automotive vehicles, parts, and engines 
($0.2 billion); and industrial supplies and materials ($0.1 
billion).  Capital goods were virtually unchanged.
 

   The May to June decrease in imports of goods reflected 
decreases in consumer goods ($1.3 billion); automotive 
vehicles, parts, and engines ($1.1 billion);  industrial supplies 
and materials ($0.5 billion); and capital goods ($0.3 billion).  
An increase occurred in foods, feeds, and beverages ($0.2 
billion).  Other goods were virtually unchanged.   
   
   The June 2013 to June 2014 increase in exports of goods 
reflected increases in foods, feeds, and beverages ($1.1 
billion); automotive vehicles, parts, and engines ($1.0 billion); 
and consumer goods ($0.7 billion).  A decrease occurred in 
industrial supplies and materials ($0.1 billion).  Capital goods 
and other goods were virtually unchanged.
   
   
   The June 2013 to June 2014 increase in imports of goods 
reflected increases in capital goods ($3.4 billion); consumer 
goods ($2.1 billion); automotive vehicles, parts, and engines 
($1.9 billion); foods, feeds, and beverages ($1.2 billion); other 
goods ($0.1 billion); and industrial supplies and materials 
($0.1 billion). 
    
Services

   Exports of services increased $0.1 billion from May to 
June. An increase in travel (for all purposes including 
education) ($0.2 billion) was partly offset by a decrease in 
transport ($0.1 billion), which includes freight and port 
services and passenger fares. Changes in the other categories 
of services exports were relatively small and mostly offsetting.
   
   Imports of services were virtually unchanged from May to 
June. An increase in charges for the use of intellectual 
property ($0.1 billion), which included payments for the rights 
to broadcast the portion of the 2014 soccer World Cup that 
occurred in June, was mostly offset by a decrease in transport 
($0.1 billion). Changes in the other categories of services 
imports were relatively small and mostly offsetting.
				
	The June 2013 to June 2014 increase in exports of services 
was $2.0 billion or 3.5 percent. The largest increases were in 
travel (for all purposes including education) ($1.1 billion), in 
transport ($0.4 billion), and in maintenance and repair 
services ($0.4 billion).

	The June 2013 to June 2014 increase in imports of 
services was $1.6 billion or 4.3 percent. The largest increases 
were in travel (for all purposes including education) ($0.7 
billion) and in other business services ($0.6 billion).
    
Goods and Services Moving Average

    For the three months ending in June, exports of goods and 
services averaged $195.0 billion, while imports of goods and 
services averaged $239.4 billion, resulting in an average trade 
deficit of $44.4 billion. For the three months ending in May, 
the average trade deficit was $45.3 billion, reflecting average 
exports of $194.3 billion and average imports of $239.5 
billion.
    
 
Selected Not Seasonally Adjusted Goods Details
    
    The June figures show surpluses, in billions of dollars, 
with Hong Kong $3.1 ($2.5 for May), Australia $1.3 ($1.2), 
Singapore $0.9 ($1.0), and Brazil $0.9 ($1.1).  Deficits were 
recorded, in billions of dollars, with China $30.1 ($28.8), 
European Union $11.2 ($12.3), Japan $5.4 ($5.1), Germany 
$5.2 ($6.6), Mexico $4.9 ($4.3), OPEC $3.9 ($4.2), Ireland 
$2.8 ($2.1), Canada $2.7 ($2.8), Saudi Arabia $1.9 ($2.7), 
South Korea $1.9 ($2.7), and India $1.3 ($2.4).
 
    
  
    Advanced technology products exports were $28.4 billion 
in June and imports were $35.8 billion, resulting in a deficit of 
$7.5 billion. June exports were $0.8 billion more than the 
$27.6 billion in May, while June imports were $0.6 billion 
more than the $35.2 billion in May.
    
Revisions 

Census Basis (not seasonally adjusted)
    
    For May, exports of goods were virtually unrevised, and 
imports of goods were revised up $0.1 billion. Goods carry-
over in June was $0.1 billion (0.1 percent) for exports and 
$1.7 billion (0.9 percent) for imports. For May, revised export 
carry-over was virtually zero, while revised import carry-over 
was $0.2 billion (0.1 percent).

Balance of Payments Basis (seasonally adjusted)
    
    For May, exports of goods were revised up $0.1 billion, 
and imports of goods were revised up $0.1 billion.
    
    For May, exports of services were revised up $0.1 billion, 
mainly reflecting an upward revision in transport. For May, 
imports of services were revised up $0.3 billion, reflecting 
upward revisions in travel (for all purposes including 
education) and in transport. 
    
    


Table of Contents

Part A: Seasonally Adjusted (by Commodity/Service)

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 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 
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 10Real Exports and Imports of Goods by Principal End-Use Category - Chained (2009) Dollars 
Exhibit 11Real Exports, Imports, and Balance of Goods, Petroleum and Non-Petroleum End-Use 
Commodity Category Totals - Chained (2009) Dollars  

Part B: 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: 2014
Exhibit 14 aExports, Imports, and Balance of Goods by Selected Countries and Areas: 2013
Exhibit 15 Exports and Imports of Goods by Principal Commodities 
Exhibit 16 Exports, Imports, and Balance of Advanced Technology Products
Exhibit 16aExports, 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: 2014

Part C: Seasonally Adjusted (by Geography)
Exhibit 19 U.S. Trade in Goods by Selected Countries and Areas  Census Basis
Exhibit 20 U.S. Trade in Goods and Services by Selected Countries and Areas  BOP Basis
Exhibit 20aU.S. Trade in Goods by Selected Countries and Areas  BOP Basis
Exhibit 20bU.S. Trade in Services by Selected Countries and Areas

Information on Goods and Services A-1





