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. EDT, THURSDAY, APRIL 2, 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
February 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 $35.4 billion in 
February, down $7.2 billion from $42.7 billion in January, 
revised. February exports were $186.2 billion, $3.0 billion 
less than January exports. February imports were $221.7 
billion, $10.2 billion less than January imports.

The February decrease in the goods and services deficit 
reflected a decrease in the goods deficit of $7.4 billion to 
$55.2 billion and a decrease in the services surplus of $0.1 
billion to $19.7 billion.

Year-to-date, the goods and services deficit decreased $2.6 
billion, or 3.2 percent, from the same period in 2014. Exports 
decreased $5.3 billion or 1.4 percent. Imports decreased $7.9 
billion or 1.7 percent.
Goods and Services Three-Month Moving Averages 
(Exhibit 2)
The average goods and services deficit decreased $1.4 billion 
to $41.2 billion for the three months ending in February.
*	Average exports of goods and services decreased $3.5 
billion to $190.2 billion in February.
*	Average imports of goods and services decreased $4.9 
billion to $231.4 billion in February.

Year-over-year, the average goods and services deficit 
increased $1.9 billion from the three months ending in 
February 2014.
*		Average exports of goods and services decreased $1.0 
billion from February 2014.
*	Average imports of goods and services increased $0.8 
billion from February 2014.
 


  
 


Exports (Exhibits 3, 6, and 7)

Exports of goods decreased $2.9 billion to $125.6 billion in 
February.
Exports of goods on a Census basis decreased $2.9 billion. 
*	Capital goods decreased $1.7 billion.
o	Civilian aircraft decreased $0.6 billion.
o	Semiconductors decreased $0.3 billion.
*	Industrial supplies and materials decreased $1.4 
billion.
o	Nonmonetary gold decreased $0.5 billion.
Net balance of payments adjustments decreased less than 
$0.1 billion.

Exports of services decreased $0.1 billion to $60.6 billion in 
February. The decrease was more than accounted for by 
decreases in transport ($0.2 billion), which includes freight 
and port services and passenger fares, and in financial 
services ($0.1 billion). Increases in other business services 
($0.1 billion) and in travel (for all purposes including 
education) ($0.1 billion) were partly offsetting.
  


Imports (Exhibits 4, 6, and 8)

Imports of goods decreased $10.3 billion to $180.8 billion in 
February.
Imports of goods on a Census basis decreased $10.3 
billion. 
*	Industrial supplies and materials decreased $4.4 
billion.
o	Crude oil decreased $2.3 billion.
*	Capital goods decreased $2.6 billion.
o	Other industrial machines decreased $0.6 billion.
Net balance of payments adjustments increased $0.1 
billion.

Imports of services increased less than $0.1 billion to $40.9 
billion in February. An increase in travel (for all purposes 
including education) ($0.1 billion) was mostly offset by a 
decrease in transport ($0.1 billion).


 


Real Goods in 2009 Dollars  Census Basis (Exhibit 11)

The real goods deficit decreased $3.8 billion to $50.8 billion 
in February.
*	Real exports of goods decreased $2.8 billion to $117.5 
billion.
*	Real imports of goods decreased $6.6 billion to $168.2 
billion.


Revisions

Revisions to January exports
*	Exports of goods were revised downward $0.2 billion.
*	Exports of services were revised downward less than $0.1 
billion.

Revisions to January imports
*	Imports of goods were revised upward $0.7 billion.
*	Imports of services were revised upward less than $0.1 
billion.


 


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

The February figures show surpluses, in billions of dollars, 
with South and Central America ($3.6), Brazil ($0.8), and 
OPEC ($0.3). Deficits were recorded, in billions of dollars, 
with China ($27.3), European Union ($11.0), Germany 
($6.3), Mexico ($4.5), Japan ($4.3), Italy ($2.5), South Korea 
($2.2), India ($2.0), France ($1.6), Canada ($1.4), United 
Kingdom ($0.5), and Saudi Arabia ($0.4).

*	The deficit with Japan decreased $2.2 billion to $4.3 
billion in February. Exports increased $0.1 billion to $5.4 
billion and imports decreased $2.1 billion to $9.7 billion.
*	The deficit with China decreased $2.0 billion to $27.3 
billion in February. Exports decreased $1.5 billion to 
$9.0 billion and imports decreased $3.5 billion to $36.3 
billion.




*	The balance with OPEC shifted from a deficit of $1.2 
billion to a surplus of $0.3 billion in February. Exports 
increased $0.3 billion to $6.4 billion and imports 
decreased $1.3 billion to $6.0 billion.



NOTICE

New Report on U.S. International Trade in Goods
On July 30, 2015, at 8:30 a.m., the U.S. Census Bureau will introduce a new release, Advance Report: 
U.S. International Trade in Goods. This report will:
*	Be released monthly, 4-7 business days in advance of the U.S. International Trade in Goods and 
Services report (FT-900).
*	Present advance statistics for the reference month. For example, the July 30 release will feature 
advance statistics for June 2015.
*	Contain statistics for international trade in goods on a Census basis by principal end-use category.
*	Include both seasonally adjusted and not seasonally adjusted statistics.
*	Not include statistics for trade in goods on a balance of payments basis or statistics for trade in 
services, both of which will continue to be featured in the FT-900.
*	Be available at www.census.gov/trade.
In accordance with Section 7 of the Office of Management and Budgets (OMB) Statistical Policy 
Directive No. 3, OMB granted the Census Bureau an exception to the previously approved schedule for 
the release of the FT-900. OMB granted the exception for the sole purpose of publicly releasing advance 
monthly statistics on trade in goods.
The new report will present two sets of statistics: Advance statistics, which reflect partial coverage, and 
Final statistics, which reflect complete coverage and correspond to the most recently published statistics 
in Exhibits 6 and 13 of the FT-900. Sample exhibits of the new report are available at: 
www.census.gov/foreign-trade/statistics/notices/20150405_advrelease.html. 
The release schedule for this report through December 2015 is as follows:
       Statistical Month	Date		Day
       June			07-30-15	Thu
       July			08-28-15	Fri
       August			09-29-15	Tue
       September		10-28-15	Wed
       October			11-24-15	Tue
       November		12-29-15	Tue	
If you have questions, please contact the Census Bureau, Economic Indicators Division, on (800) 549-
0595, option 4, on (301) 763-2311, or at eid.international.trade.data@census.gov.




Upcoming Revisions to Goods and Services
On June 3, 2015, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis (BEA) will release 
U.S. International Trade in Goods and Services: April 2015 and U.S. International Trade in Goods and 
Services: Annual Revision for 2014. With these releases, statistics on trade in goods, on both a Census 
basis and a balance of payments (BOP) basis, will be revised beginning with 2012, and statistics on trade 
in services will be revised beginning with 1999. The revised statistics for goods on a BOP basis and for 
services will also be included in the report U.S. International Transactions: First Quarter 2015 and 
Annual Revisions and in the annual revision of the U.S. International Transactions Accounts (ITAs), 
both to be released by BEA on June 18, 2015.

Goods

Revised statistics on trade in goods will reflect 1) corrections and adjustments to previously published 
not-seasonally-adjusted statistics for goods on a Census basis, 2) recalculated seasonal and trading-day 
adjustments, and 3) newly available and revised source data on BOP adjustments, which are adjustments 
that BEA applies to goods on a Census basis to convert them to a BOP basis. BOP adjustments are 
presented as net adjustments in this release.
Services
Revised statistics on trade in services beginning with 1999 will reflect the reclassification of repairs 
related to Foreign Military Sales from exports of government goods and services n.i.e. (not included 
elsewhere) to exports of maintenance and repair services n.i.e. This reclassification will result in more 
accurate international account statistics and will bring BEAs statistics into closer alignment with 
international guidelines, which recommend that services supplied by and to governments be classified to a 
specific services category where possible.

Revised statistics on trade in services beginning with 2012 will also reflect 1) newly available and revised 
source data primarily from BEAs surveys of international services transactions, 2) revised seasonal 
adjustments, and 3) revised interpolations of quarterly source data to monthly statistics (see the 
information section on page A-4 of this release).
Additional information on BEAs 2015 annual revision of the ITAs will be presented in the April 2015 
issue of the Survey of Current Business, which BEA will release in mid-April. If you have questions, 
please contact BEAs Balance of Payments Division at InternationalAccounts@bea.gov.








To learn more about the FT-900 and other economic indicators the Census Bureau publishes, join the 
Economic Indicators Division for the Investigating Economic Indicators Webinar series. For more 
information, visit www.census.gov/econ/webinar.

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 15-62 | BEA 15-16 | FT-900 (15-02)

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 May 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.









