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 FRIDAY, OCTOBER 3, 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 14-183, BEA 14-50, FT-900 (14-08)

U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
August 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 August exports of $198.5 billion 
and imports of $238.6 billion resulted in a goods and services 
deficit of $40.1 billion, down from $40.3 billion in July,  
revised. August exports were $0.4 billion more than July 
exports of $198.0 billion. August imports were $0.2 billion 
more than July imports of $238.3 billion.
    
    In August, the goods deficit increased $0.1 billion from 
July to $59.9 billion, and the services surplus increased $0.3 
billion from July to $19.8 billion. Exports of goods increased 
$0.1 billion to $138.8 billion, and imports of goods increased 
$0.1 billion to $198.7 billion. Exports of services increased 
$0.4 billion to $59.6 billion, and imports of services increased 
$0.1 billion to $39.9 billion.
    
    The goods and services deficit increased $0.6 billion from 
August 2013 to August 2014. Exports were up $7.9 billion, or 
4.1 percent, and imports were up $8.4 billion, or 3.7 percent.
    
Goods (Census Basis)
    
    The July to August increase in exports of goods reflected 
increases in capital goods ($1.0 billion); consumer goods 
($0.8 billion); industrial supplies and materials ($0.7 billion); 
and other goods ($0.4 billion). Decreases occurred in 
automotive vehicles, parts, and engines ($1.7 billion) and 
foods, feeds, and beverages ($0.6 billion).
 

   The July to August increase in imports of goods reflected 
increases in capital goods ($1.8 billion) and consumer goods 
($0.7 billion). Decreases occurred in automotive vehicles, 
parts, and engines ($1.4 billion); other goods ($0.5 billion); 
foods, feeds, and beverages ($0.3 billion); and industrial 
supplies and materials ($0.2 billion). 
   
   The August 2013 to August 2014 increase in exports of 
goods reflected increases in capital goods ($2.4 billion); 
consumer goods ($1.6 billion); industrial supplies and 
materials ($1.4 billion); other goods ($0.8 billion); and 
automotive vehicles, parts, and engines ($0.5 billion). Foods, 
feeds, and beverages were virtually unchanged.
   
   The August 2013 to August 2014 increase in imports of 
goods reflected increases in capital goods ($4.1 billion); 
consumer goods ($2.0 billion); automotive vehicles, parts, and 
engines ($1.4 billion); foods, feeds, and beverages ($0.9 
billion); and other goods ($0.1 billion). A decrease occurred in 
industrial supplies and materials ($1.0 billion). 
    
Services

   Exports of services increased $0.4 billion from July to 
August. The increase mostly reflected increases in transport 
($0.2 billion), which includes freight and port services and 
passenger fares, and in travel (for all purposes including 
education) ($0.1 billion). Changes in the other categories of 
services exports were relatively small.
   
   Imports of services increased $0.1 billion from July to 
August. The increase reflected increases in transport ($0.1 
billion) and in other business services ($0.1 billion) that were 
partly offset by a decrease in charges for the use of intellectual 
property ($0.1 billion), which in July included payments for 
the rights to broadcast the 2014 soccer World Cup. Changes in 
the other categories of services imports were relatively small.
   
   The August 2013 to August 2014 increase in exports of 
services was $1.9 billion or 3.2 percent. The largest increases 
were in transport ($0.7 billion), in travel (for all purposes 
including education) ($0.6 billion), in other business services 
($0.3 billion), and in financial services ($0.3 billion).  
   
   The August 2013 to August 2014 increase in imports of 
services was $1.1 billion or 2.8 percent. Increases in travel 
(for all purposes including education) ($0.6 billion), in other 
business services ($0.5 billion), and in transport ($0.4 billion) 
were partly offset by a decrease in insurance ($0.5 billion).
    
Goods and Services Moving Average

    For the three months ending in August, exports of goods 
and services averaged $197.6 billion, while imports of goods 
and services averaged $238.0 billion, resulting in an average 
trade deficit of $40.4 billion. For the three months ending in 
July, the average trade deficit was $41.5 billion, reflecting 
average exports of $196.8 billion and average imports of 
$238.3 billion.
    
 
Selected Not Seasonally Adjusted Goods Details
    
    The August figures show surpluses, in billions of dollars, 
with Hong Kong $2.8 ($2.1 for July), Australia $1.4 ($1.6), 
Singapore $1.0 ($0.9), and Brazil $1.0 ($0.5). Deficits were 
recorded, in billions of dollars, with China $30.2 ($30.9), 
European Union $11.0 ($13.2), Germany $7.1 ($6.4), Japan 
$4.7 ($6.2), OPEC $3.2 ($6.2), Canada $2.3 ($3.0), Ireland 
$2.2 ($1.8), India $1.9 ($2.1), South Korea $1.8 ($2.5), Saudi 
Arabia $1.5 ($2.8), and Venezuela $1.3 ($2.2).
 
    
    
    Advanced technology products exports were $28.9 billion 
in August and imports were $33.4 billion, resulting in a deficit 
of $4.5 billion. August exports were $1.7 billion more than the 
$27.1 billion in July, while August imports were $0.7 billion 
less than the $34.0 billion in July.
Revisions 

Census Basis (not seasonally adjusted)
    
    For July, exports of goods were revised up $0.2 billion, 
and imports of goods were revised down $0.3 billion. Goods 
carry-over in August was $0.1 billion (0.1 percent) for exports 
and $1.6 billion (0.8 percent) for imports. For July, 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 July, exports of goods were revised up $0.2 billion, 
and imports of goods were revised down $0.2 billion.
    
    For July, exports of services were revised down $0.2 
billion, mainly reflecting downward revisions in travel (for all 
purposes including education) and in financial services. For 
July, imports of services were virtually unrevised.


NOTICE
Upcoming Changes to Release Text
With the release of U.S. International Trade in Goods and Services: October 2014 on December 5, 
2014, the text will be reorganized and the discussion of trade by geography will be modified to 
highlight the newly available seasonally adjusted statistics. Further details on the upcoming changes 
will be made available with the release on November 4, 2014.

If you have questions or need additional information, please contact the Data Dissemination Branch of 
the U.S. Census Bureaus Foreign Trade Division on (301) 763-2311 or at 
ftd.data.dissemination@census.gov.

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


    

































