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United States Department of
COMMERCE NEWS
Washington, D.C. 20230
ECONOMICS
AND
STATISTICS
ADMINISTRATION
------------
U.S. Census Bureau
Bureau of Economic Analysis
CB-03-94
BEA-03-21
FT-900 (03)
June 13, 2003
For information on goods contact:
Haydn R. Mearkle (301) 763-2246 U.S. Census Bureau
Nick Orsini (301) 763-2311 U.S. Census Bureau
For information on services contact:
Technical: Christopher Bach (202) 606-9545 Bureau of Economic Analysis
Media: Larry Moran (202) 606-2649 Bureau of Economic Analysis
U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
Annual Revision for 2002
NOTICE
In this release and the accompanying "U.S. International Trade in Goods and
Services: April 2003," the Census Bureau and the Bureau of Economic Analysis
(BEA) are jointly publishing revised data on U.S. trade in goods for 2000-2002
and revised data for services for 1992-2002.
Goods
The 2002 not seasonally adjusted Census-basis goods data were revised to
eliminate monthly data that arrived too late for inclusion in the month of
transaction but that were included, initially, in the month in which the data
were received. In addition, corrections were made to previously published data.
Once the redistributions of data to the proper month of transaction and corrections
were completed, factors for seasonal adjustments and trading day adjustments were
recomputed, and the seasonally adjusted current-dollar series were revised for
2000-2002.
With this release and the "U.S. International Trade in Goods and Services: April
2003" release, the U.S. Census Bureau is replacing its fixed-weighted constant dollar
series with a chained-dollar series. We are adopting this methodology to improve the
quality of the constant dollar series and for consistency with other official government
statistics released by the Department of Commerce.
Services
The services accounts were revised for 1992-2002. The revisions resulted from the
incorporation of results from BEA's annual and quarterly surveys, from BEA's 1999
Benchmark Survey of U.S. Direct Investment Abroad, and from other newly available
and updated source data. Revisions from these sources have an impact mostly on
receipts and payments for royalties and license fees and other private services
for 1999-2002.
In addition, a new measure of insurance services, which are a component of other
private services, is introduced for 1992-2002. Previously, the estimate of insurance
services equaled premiums minus losses. A major shortcoming of this measure was that
it fluctuated sharply due to fluctuations in losses, and it could even become negative
when losses were exceptionally high. The new measure calculates insurance services as
a share of premiums. This amount is equal to premiums minus the portion of premiums
attributed to losses; the portion of premiums attributed to losses is based on the
relationship between losses and premiums averaged over a period of years. The new
measure eliminates the sharp swings present in the old series whenever claims were
unusually high or low, and negative estimates of insurance services are now eliminated.
The impact on other private services is largest in 2001 and 2002.
Table of Contents
Seasonally Adjusted
Exhibit 1 U.S. International Trade in Goods and Services. . . . . . . . . .1
Exhibit 2 U.S. Services by Major Category--Exports. . . . . . . . . . . . .2
Exhibit 3 U.S. Services by Major Category--Imports. . . . . . . . . . . . .3
Exhibit 4 U.S. Trade in Goods. . . . . . . . . . . . . . . . . . . . . . . 4
Exhibit 5 Exports of Goods by Principal End-Use Category. . . . . . . . . . 5
Exhibit 5a Imports of Goods by Principal End-Use Category. . . . . . . . . . 6
Exhibit 6 Exports of Goods by End-Use Category and Commodity. . . . . . . . 7
Exhibit 7 Imports of Goods by End-Use Category and Commodity. . . . . . . . 9
Exhibit 8 Petroleum and Non-Petroleum End-Use Category Totals. . . . . . . 11
Exhibit 9 Real Exports of Goods by Principal End-Use
Category (2000 Chain-weighted Dollars). . . . . . . . . . . . . .12
Exhibit 9a Real Imports of Goods by Principal End-Use
Category (2000 Chain-weighted Dollars). . . . . . . . . . . . . .13
Exhibit 10 Real Exports, Imports, and Balance of Goods, Petroleum and Non-
Petroleum End-Use Commodity Category Totals
(2000 Chain-weighted Dollars). . . . . . . . . . . . . . . . . . 14
Not Seasonally Adjusted
Exhibit 11 U.S. Trade in Goods. . . . . . . . . . . . . . . . . . . . . . .15
Exhibit 12 Exports of Goods by Principal End-Use Category. . . . . . . . . 16
Exhibit 12a Imports of Goods by Principal End-Use Category. . . . . . . . . 17
Exhibit 13 Exports, Imports, and Trade Balance by Country and Area,
Not Seasonally Adjusted - 2002. . . . . . . . . . . . . . . . . 18
Exhibit 14 Exports and Imports of Goods by Principal SITC
Commodity Groupings - 2002. . . . . . . . . . . . . . . . . . . 43
Exhibit 15 Exports, Imports, and Balance of Advanced Technology Products. .51
Exhibit 16 Imports of Energy - Related Petroleum Products,
Including Crude Oil. . . . . . . . . . . . . . . . . . . . . . .52
Exhibit 17 Exports and Imports of Motor Vehicles and Parts by
Selected Countries - 2002. . . . . . . . . . . . . . . . . . . .53
1992-1999 Data
Exhibit 18 U.S. International Trade in Goods and Services. . . . . . . . . 58
Exhibit 19 U.S. Services by Major Category - Exports. . . . . . . . . . . .61
Exhibit 20 U.S. Services by Major Category - Imports. . . . . . . . . . . .64
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