U.S. Census Bureau
U.S. Bureau of Economic Analysis
NEWS
U.S. Department of Commerce * Washington, DC 20230

FOR IMMEDIATE RELEASE AT 8:30 A.M. EST, FRIDAY, DECEMBER 5, 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 14-222, BEA 14-61, FT-900 (14-10)


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



The U.S. Census Bureau and the U.S. Bureau of Economic 
Analysis, through the Department of Commerce, announced 
today that the goods and services deficit was $43.4 billion in 
October, down $0.2 billion from $43.6 billion in September, 
revised. October exports were $197.5 billion, $2.3 billion 
more than September exports. October imports were $241.0 
billion, $2.1 billion more than September imports.

The October decrease in the goods and services deficit 
reflected a less than $0.1 billion decrease in the goods deficit 
to $62.7 billion. The services surplus increased $0.1 billion to 
$19.2 billion.

Year-to-date, the goods and services deficit increased $20.5 
billion, or 5.1 percent, from the same period in 2013. Exports 
increased $57.8 billion or 3.1 percent. Imports increased 
$78.3 billion or 3.4 percent.
Goods and Services Three-Month Moving Averages 
(Exhibit 2)
The average goods and services deficit increased $0.9 billion 
to $42.4 billion for the three months ending in October.
*	Average exports of goods and services decreased $0.2 
	billion to $197.2 billion in October.
*	Average imports of goods and services increased $0.7 
	billion to $239.5 billion in October.

Year over year, the average goods and services deficit 
increased $2.1 billion from the three months ending in 
October of 2013.
*	Average exports of goods and services increased $5.6 
	billion from October 2013.
*	Average imports of goods and services increased $7.6 
	billion from October 2013.
 


Exports (Exhibits 3, 6, and 7)

Exports of goods increased $2.0 billion to $138.0 billion in 
October.
Exports of goods on a Census basis increased $1.9 billion. 
*	Capital Goods increased $1.7 billion.
	o	Civilian aircraft increased $1.0 billion.
	o	Generators, accessories increased $0.3 billion.
		Net balance of payments adjustments increased $0.1 
		billion.

Exports of services increased $0.3 billion to $59.5 billion in 
October. The increase reflected increases in financial services 
($0.1 billion), in maintenance and repair services ($0.1 
billion), and in charges for the use of intellectual property 
($0.1 billion). 


Imports (Exhibits 4, 6, and 8)

Imports of goods increased $2.0 billion to $200.7 billion in 
October.
Imports of goods on a Census basis increased $2.0 billion. 
*	Automotive vehicles, parts, and engines increased 
	$1.3 billion.
	o	Trucks and buses increased $0.5 billion.
	o	Passenger cars increased $0.4 billion.
*	Capital Goods increased $1.1 billion.
Net balance of payments adjustments decreased $0.1 
billion.

Imports of services increased $0.2 billion to $40.3 billion in 
October. The increase mostly reflected an increase in 
transport ($0.1 billion), which includes freight and port 
services and passenger fares.


Real Goods in 2009 Dollars  Census Basis (Exhibit 11)

The real goods deficit decreased less than $0.1 billion to 
$50.8 billion in October.
*	Real exports of goods increased $2.9 billion to $123.7 
	billion.
*	Real imports of goods increased $2.9 billion to $174.5 
	billion.


Revisions

For April 2014 through September 2014, exports and imports 
of goods and services were revised to incorporate more 
comprehensive and updated quarterly and monthly data.

Revisions to September exports
*	Exports of goods were revised downward less than $0.1 
	billion.
*	Exports of services were revised downward $0.3 billion.

Revisions to September imports
*	Imports of goods were revised downward less than $0.1 
	billion.
*	Imports of services were revised upward $0.2 billion.


 


Goods by Selected Countries and Areas: 

Monthly  Census Basis (Exhibit 19)

The October figures show surpluses, in billions of dollars, 
with South and Central America ($2.3), Brazil ($0.8), and  
United Kingdom ($0.3). Deficits were recorded, in billions of 
dollars, with China ($29.6), European Union ($11.2), 
Germany ($6.3), Japan ($5.9), Mexico ($5.4), Canada ($3.0), 
South Korea ($2.4), OPEC ($2.2), Italy ($2.2), India ($2.0), 
Saudi Arabia ($1.2), and France ($1.0).

*	The deficit with China decreased $1.6 billion to $29.6 
	billion in October. Exports increased $1.6 billion to $11.4 
	billion and imports decreased $0.1 billion to $40.9 
	billion.
*	The deficit with the European Union decreased $1.2 
	billion to $11.2 billion in October. Exports increased $0.8 
	billion to $22.9 billion and imports decreased $0.4 billion 
	to $34.2 billion.


Goods and Services by Selected Countries and Areas:
Quarterly  Balance of Payments Basis (Exhibit 20)


The third quarter figures show surpluses, in billions of 
dollars, with South and Central America ($17.3), Brazil 
($7.7), and United Kingdom ($5.0). Deficits were recorded, 
in billions of dollars, with China ($80.4), European Union 
($21.9), Germany ($20.6), Mexico ($13.2), Japan ($12.5), 
India ($7.3), Italy ($6.7), OPEC ($5.1), Saudi Arabia ($3.8), 
South Korea ($3.3), Canada ($2.9), and France ($2.5).

*	The deficit with Saudi Arabia decreased $2.9 billion to 
	$3.8 billion in the third quarter. Exports increased $0.1 
	billion to $6.8 billion, and imports decreased $2.7 billion 
	to $10.6 billion.
*	The surplus with the United Kingdom increased $2.0 
	billion to $5.0 billion in the third quarter. Exports 
	increased $1.2 billion to $30.8 billion, and imports 
	decreased $0.8 billion to $25.8 billion. 


NOTICE
Changes to Release Text
Beginning with this release of the U.S. International Trade in Goods and Services report (FT-900), 
the release text has been reorganized and streamlined to improve readability. With this change, the 
release text presents only seasonally adjusted data. Other changes include:

Reorganized
*	The discussion of the three-month moving average trade balance and the associated graph are 
	presented on the first page of the release.
*	The discussion of goods and services trade details has been integrated and is presented in new 
	sections on total exports and total imports.

Added
*	Additional information for goods on a Census basis by detailed end-use commodity.
*	A new section on real goods trade.
*	A new section on quarterly goods and services trade by selected countries and areas, which is 
	included only with the releases of January, April, July, and October statistics.

Removed
*	Detail on revisions to not seasonally adjusted goods on a Census basis; this detail is available 
	on page A-1 of the information section.
*	The discussion of advanced technology products; this information is available in Exhibits 16 
	and 16a.

Upcoming Changes to the FT-900 and the FT-900 Supplement

With the release of the FT-900 and the accompanying FT-900 Supplement on March 6, 2015, the 
following changes will be made:

*	Exhibit 3 of the FT-900 Supplement, General Imports of Crude Oil by Country, will be 
	moved to the FT-900 and will be numbered Exhibit 17a. The content of this exhibit will not 
	change.
*	Exhibit 4 of the FT-900 Supplement, Exports and Imports of Goods by SITC Commodity 
	Sections, will be eliminated because the data in this exhibit are available in Exhibit 15 of the 
	FT-900.
*	Exhibits 5, 6, and 6a of the FT-900 Supplement will be renumbered Exhibits 3, 4, and 4a, 
	respectively.

If you have questions or need additional information, please contact the International Trade Indicator 
Macro Analysis Branch of the U.S. Census Bureaus Economic Indicators Division on (301) 763-2311 
or at ftd.data.dissemination@census.gov.


    





















BLANK PAGE


Table of Contents

Part A: Seasonally Adjusted (by Commodity/Service)
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 (2009) 
Dollars 

12
Exhibit 11
Real Exports, Imports, and Balance of Goods, Petroleum and Non-Petroleum End-Use 
Commodity Category Totals - Chained (2009) Dollars  
13
Part B: 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: 2014
16
Exhibit 14a
Exports, Imports, and Balance of Goods by Selected Countries and Areas: 2013
17
Exhibit 15
Exports and Imports of Goods by Principal 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: 2014
23
Part C: Seasonally Adjusted (by Geography)
Exhibit 19
U.S. Trade in Goods by Selected Countries and Areas  Census Basis
24
Exhibit 20
U.S. Trade in Goods and Services by Selected Countries and Areas  BOP Basis
25
Exhibit 20a
U.S. Trade in Goods by Selected Countries and Areas  BOP Basis
26
Exhibit 20b
U.S. Trade in Services by Selected Countries and Areas
  27
Information on Goods and Services 
A-1

*	

   
3



CB 14-222 | BEA 14-61 | FT-900 (14-10)
NOTE: All statistics referenced are seasonally adjusted; statistics for goods are on a balance of payments basis unless otherwise specified. Additional statistics, 
including not seasonally adjusted statistics and details for goods on a Census basis, are available in Exhibits 1-20b of this release. For information on data sources, 
definitions, and scheduled release dates through December 2015, see the information section on page A-1 of this release. The next release is January 7, 2015.










