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, MARCH 6, 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



U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
January 2015



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 $41.8 billion in 
January, down $3.8 billion from $45.6 billion in December, 
revised. January exports were $189.4 billion, down $5.6 
billion from December. January imports were $231.2 billion, 
down $9.4 billion from December.

The January decrease in the goods and services deficit 
reflected a decrease in the goods deficit of $3.4 billion to 
$61.6 billion and an increase in the services surplus of $0.5 
billion to $19.9 billion.

Year-over-year, the goods and services deficit increased $2.9 
billion, or 7.5 percent, from January 2014. Exports decreased 
$3.3 billion or 1.7 percent. Imports decreased $0.4 billion or 
0.2 percent.
Goods and Services Three-Month Moving Averages 
(Exhibit 2)
The average goods and services deficit decreased less than 
$0.1 billion to $42.3 billion for the three months ending in 
January.
*	Average exports of goods and services decreased $3.1 
billion to $193.7 billion in January.
*	Average imports of goods and services decreased $3.2 
billion to $236.0 billion in January.

Year-over-year, the average goods and services deficit 
increased $4.9 billion from the three months ending in 
January 2014.
*		Average exports of goods and services increased $0.2 
billion from January 2014.
*	Average imports of goods and services increased $5.1 
billion from January 2014.
  


Exports (Exhibits 3, 6, and 7)

Exports of goods decreased $5.5 billion to $128.7 billion in 
January.
Exports of goods on a Census basis decreased $5.9 billion. 
*	Industrial supplies and materials decreased $2.2 
billion.
o	Fuel oil decreased $0.8 billion.
o	Other petroleum products decreased $0.3 billion.
Net balance of payments adjustments increased $0.4 
billion.

Exports of services decreased $0.1 billion to $60.7 billion in 
January. The decrease was more than accounted for by 
decreases in transport ($0.2 billion), which includes freight 
and port services and passenger fares, in financial services 
($0.1 billion), and in maintenance and repair services ($0.1 
billion). Increases in travel (for all purposes including 
education) ($0.2 billion) and in other business services ($0.1 
billion) were partly offsetting.


Imports (Exhibits 4, 6, and 8)

Imports of goods decreased $8.9 billion to $190.3 billion in 
January.
Imports of goods on a Census basis decreased $8.7 billion. 
*	Industrial supplies and materials decreased $6.0 
billion.
o	Crude oil decreased $4.5 billion.
o	Other petroleum products decreased $0.7 billion.
Net balance of payments adjustments decreased $0.2 
billion.

Imports of services decreased $0.5 billion to $40.8 billion in 
January. The decrease was more than accounted for by 
decreases in transport ($0.4 billion) and in travel (for all 
purposes including education) ($0.2 billion). An increase in 
charges for the use of intellectual property ($0.1 billion) was 
partly offsetting.  



Real Goods in 2009 Dollars  Census Basis (Exhibit 11)

The real goods deficit decreased $0.4 billion to $53.6 billion 
in January.
*	Real exports of goods decreased $2.4 billion to $120.7 
billion.
*	Real imports of goods decreased $2.8 billion to $174.3 
billion.


Revisions

Exports and imports of goods and services were revised for 
July through December 2014 to incorporate more 
comprehensive and updated quarterly and monthly data. In 
addition to these revisions, seasonally adjusted data for all 
months in 2014 were revised so that the totals of the 
seasonally adjusted months equal the annual totals.

Revisions to December exports
*	Exports of goods were revised downward $0.1 billion.
*	Exports of services were revised upward $0.2 billion.

Revisions to December imports
*	Imports of goods were revised downward $1.1 billion.
*	Imports of services were revised upward $0.2 billion.


 

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

The January figures show surpluses, in billions of dollars, 
with South and Central America ($2.2) and Brazil ($0.7).  
Deficits were recorded, in billions of dollars, with China 
($29.3), European Union ($12.1), Germany ($6.7), Japan 
($6.5), Mexico ($3.9), South Korea ($3.1), Italy ($2.4), India 
($2.1), OPEC ($1.2), France ($1.2), Canada ($0.8), Saudi 
Arabia ($0.6), and United Kingdom ($0.1).

*	The deficit with Canada decreased $2.5 billion to $0.8 
billion in January. Exports decreased $1.1 billion to 
$24.6 billion and imports decreased $3.6 billion to $25.4 
billion.
*	The deficit with Mexico decreased $1.8 billion to $3.9 
billion in January. Exports increased $0.3 billion to $19.9 
billion and imports decreased $1.5 billion to $23.8 
billion.

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


The fourth quarter figures show surpluses, in billions of 
dollars, with South and Central America ($15.2), Brazil 
($6.6), and United Kingdom ($3.7). Deficits were recorded, 
in billions of dollars, with China ($83.4), European Union 
($22.8), Germany ($19.0), Mexico ($15.0), Japan ($12.9), 
Italy ($7.3), India ($6.7), South Korea ($5.1), France ($3.4), 
Saudi Arabia ($2.1), OPEC ($1.8), and Canada ($1.0).

*	The deficit with China increased $2.7 billion to $83.4 
billion in the fourth quarter. Exports increased $3.5 
billion to $43.8 billion and imports increased $6.2 billion 
to $127.2 billion.
*	The deficit with South Korea increased $1.9 billion to 
$5.1 billion in the fourth quarter. Exports increased $0.1 
billion to $16.5 billion and imports increased $2.0 billion 
to $21.6 billion. 



NOTICE

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

With this release of the U.S. International Trade in Goods and Services report (FT-900) and the 
accompanying FT-900 Supplement, the following changes have been made:

*	Exhibit 3 of the FT-900 Supplement, General Imports of Crude Oil by Country, has been 
moved to the FT-900 and has been numbered Exhibit 17a. The content of this exhibit has not 
changed.
*	Exhibit 4 of the FT-900 Supplement, Exports and Imports of Goods by SITC Commodity 
Sections, has been 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 have been renumbered Exhibits 3, 4, and 4a, 
respectively.
*	The Euro Area includes Lithuania, which joined on January 1, 2015. This change affects 
Exhibit 14 of the FT-900 and Exhibit 4 of the FT-900 Supplement.
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 EID.International.Trade.Data@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 
Exhibit 6
Exports and Imports of Goods by Principal End-Use Category 
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 10
Real Exports and Imports of Goods by Principal End-Use Category  Chained (2009) 
Dollars 
Exhibit 11
Real 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 14a
Exports, 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 16a
Exports, 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 17a
Imports of Crude Oil by Selected Countries
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 20a
U.S. Trade in Goods by Selected Countries and Areas  BOP Basis
Exhibit 20b
U.S. Trade in Services by Selected Countries and Areas
Information on Goods and Services 



CB 15-34 | BEA 15-09 | FT-900 (15-01)
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 April 2, 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.


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.





