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, WEDNESDAY, JANUARY 7, 2015

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 , BEA 15-06, FT-900 (15-01)


U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
November 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 $39.0 billion in 
November, down $3.2 billion from $42.2 billion in October, 
revised. November exports were $196.4 billion, $2.0 billion 
less than October exports. November imports were $235.4 
billion, $5.2 billion less than October imports.

The November decrease in the goods and services deficit 
reflected a decrease in the goods deficit of $3.3 billion to 
$58.3 billion and a decrease in the services surplus of less 
than $0.1 billion to $19.3 billion.

Year-to-date, the goods and services deficit increased $22.3 
billion, or 5.1 percent, from the same period in 2013. Exports 
increased $60.0 billion or 2.9 percent. Imports increased 
$82.4 billion or 3.3 percent.
Goods and Services Three-Month Moving Averages 
(Exhibit 2)
The average goods and services deficit decreased $0.3 billion 
to $41.6 billion for the three months ending in November.
*	Average exports of goods and services decreased $0.8 
billion to $196.6 billion in November.
*	Average imports of goods and services decreased $1.1 
billion to $238.3 billion in November.

Year-over-year, the average goods and services deficit 
increased $2.5 billion from the three months ending in 
November 2013.
*		Average exports of goods and services increased $3.6 
billion from November 2013.
*	Average imports of goods and services increased $6.1 
billion from November 2013.
 


 


Exports (Exhibits 3, 6, and 7)

Exports of goods decreased $1.9 billion to $136.7 billion in 
November.
Exports of goods on a Census basis decreased $1.9 billion. 
*	Capital goods decreased $2.3 billion.
o	Civilian aircraft decreased $1.1 billion.
o	Generators, transformers, and accessories 
decreased $0.3 billion.
Net balance of payments adjustments increased $0.1 
billion.

Exports of services decreased $0.1 billion to $59.6 billion in 
November. The decrease mostly reflected a decrease in 
transport ($0.1 billion), which includes freight and port 
services and passenger fares.  


Imports (Exhibits 4, 6, and 8)

Imports of goods decreased $5.2 billion to $195.0 billion in 
November.
Imports of goods on a Census basis decreased $5.2 billion. 
*	Industrial supplies decreased $4.6 billion.
o	Crude oil decreased $2.2 billion.
o	Fuel oil decreased $0.7 billion.
Net balance of payments adjustments decreased less than 
$0.1 billion.

Imports of services decreased less than $0.1 billion to $40.4 
billion in November. A decrease in travel (for all purposes 
including education) ($0.1 billion) was mostly offset by 
increases of less than $0.1 billion in several categories of 
services.


 


Real Goods in 2009 Dollars  Census Basis (Exhibit 11)

The real goods deficit decreased $2.2 billion to $47.8 billion 
in November.
*	Real exports of goods decreased $0.6 billion to $123.5 
billion.
*	Real imports of goods decreased $2.8 billion to $171.4 
billion.


Revisions

Revisions to October exports
*	Exports of goods were revised upward $0.5 billion.
*	Exports of services were revised upward $0.2 billion.

Revisions to October imports
*	Imports of goods were revised downward $0.5 billion.
*	Imports of services were revised upward $0.1 billion.


 


*	
Goods by Selected Countries and Areas: 
Monthly  Census Basis (Exhibit 19)

The November figures show surpluses, in billions of dollars, 
with South and Central America ($4.3) and Brazil ($0.6).  
Deficits were recorded, in billions of dollars, with China 
($29.8), European Union ($12.7), Germany ($6.3), Japan 
($5.6), Mexico ($4.4), South Korea ($2.9), Italy ($2.3), India 
($1.7), France ($1.6), OPEC ($1.6), Canada ($1.4), Saudi 
Arabia ($1.3) and United Kingdom ($0.2).

*	The deficit with China increased $0.2 billion to $29.8 
billion in November. Exports decreased $0.2 billion to 
$11.1 billion and imports decreased $0.1 billion 
to $40.9 billion.
*	The deficit with the European Union increased $1.5 
billion to $12.7 billion in November. Exports decreased 
$0.7 billion to $22.2 billion and imports increased $0.8 
billion to $35.0 billion.



NOTICE

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

With the release of the U.S. International Trade in Goods and Services: January 2015 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 15-06 | BEA 15-01 | FT-900 (14-11)
NOTE: All statistics referenced are seasonally adjusted; statistics 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 February 5, 2015.

NOTE: For definitions of goods on a balance of payments basis, goods on a Census basis, and net balance of payments adjustments, see the information 
section on page A-1 of this release.










