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News Release: U.S. International Trade in Goods and Services

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Note:   Revisions to trade in services.
                             U.S. Census Bureau
                      U.S. Bureau of Economic Analysis
                                   NEWS
             U.S. Department of Commerce  Washington, D.C. 20230

                          FOR IMMEDIATE RELEASE
                  8:30 A.M. EST THURSDAY, MARCH 9, 2006

CB06-32
BEA06-07
FT-900 (06-01)

For information on goods contact:
U.S. Census Bureau:
Nick Orsini    (301) 763-6959
Vanessa Ware   (301) 763-2311

For information on services contact:
U.S. Bureau of Economic Analysis:
Technical: Christopher Bach   (202) 606-9545
Media:     Ralph Stewart      (202) 606-2649

             U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
                              January 2006

Goods and Services

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the
Department of Commerce, announced today that total January exports of $114.4
billion and imports of $182.9 billion resulted in a goods and services deficit of
$68.5 billion, $3.4 billion more than the $65.1 billion in December, revised.
January exports were $2.8 billion more than December exports of $111.6 billion.
January imports were $6.2 billion more than December imports of $176.6 billion.

In January, the goods deficit increased $3.2 billion from December to $73.4 billion,
and the services surplus decreased $0.2 billion to $4.9 billion.  Exports of goods
increased $2.6 billion to $81.7 billion, and imports of goods increased $5.9 billion
to $155.1 billion.  Exports of services increased $0.2 billion to $32.7 billion, and
imports of services increased $0.4 billion to $27.8 billion.

In January, the goods and services deficit was up $10.2 billion from January 2005.
Exports were up $12.2 billion, or 12.0 percent, and imports were up $22.5 billion,
or 14.0 percent.

Goods

The December to January change in exports of goods reflected increases in industrial
supplies and materials ($1.0 billion); capital goods ($0.9 billion); foods, feeds,
and beverages ($0.5 billion); and automotive vehicles, parts, and engines ($0.1 billion).
Decreases occurred in consumer goods ($0.1 billion) and other goods ($0.1 billion).

The December to January change in imports of goods reflected increases in industrial
supplies and materials ($1.4 billion); capital goods ($1.2 billion); automotive
vehicles, parts, and engines ($1.2 billion); consumer goods ($1.0 billion); other
goods ($0.6 billion); and foods, feeds, and beverages ($0.4 billion).

The January 2005 to January 2006 change in exports of goods reflected increases in
capital goods ($4.7 billion); industrial supplies and materials ($2.6 billion);
consumer goods ($1.1 billion); automotive vehicles, parts, and engines ($0.9 billion);
foods, feeds, and beverages ($0.7 billion); and other goods ($0.5 billion).

The January 2005 to January 2006 change in imports of goods reflected increases in
industrial supplies and materials ($12.0 billion); capital goods ($3.1 billion);
automotive vehicles, parts, and engines ($2.8 billion); consumer goods ($1.9 billion);
foods, feeds, and beverages ($0.8 billion); and other goods ($0.6 billion).

Services

Services exports increased $0.2 billion from December to January.  Increases in
travel and passenger fares were partly offset by a decrease in transfers under U.S.
military sales contracts.  Changes in other categories of services exports were small.

Services imports increased $0.4 billion from December to January.  The increase was
mostly accounted for by increases in other transportation, which includes freight and
port services, and travel.  Changes in other categories of services imports were small.

From January 2005 to January 2006, services exports increased $2.0 billion.  The
largest increases were in other private services, which includes items such as
business, professional, and technical services, insurance services, and financial
services ($0.9 billion), travel ($0.6 billion), and other transportation ($0.5 billion).

From January 2005 to January 2006, services imports increased $1.3 billion.  The
largest increases were in other private services ($1.0 billion) and passenger
fares ($0.3 billion).

Goods and Services Moving Average

For the three months ending in January, exports of goods and services averaged
$111.7 billion, while imports of goods and services averaged $177.7 billion,
resulting in an average trade deficit of $66.0 billion.  For the three months
ending in December, the average trade deficit was $65.8 billion, reflecting average
exports of $109.4 billion and average imports of $175.2 billion.

Selected Not Seasonally Adjusted Goods Details

The January figures showed surpluses, in billions of dollars, with Australia $0.9
($0.7 for December), Hong Kong $0.4 ($0.7), Singapore $0.3 ($0.3), and Egypt $0.1 ($0.1).
Deficits were recorded, in billions of dollars, with China $17.9 ($16.3), Europe $11.7
($11.8), the European Union $9.7 ($10.1), Canada $8.9 ($8.0), OPEC $8.4 ($7.6),
Japan $6.5 ($6.8), Mexico $4.6 ($4.3), Taiwan $1.6 ($1.1), Korea $1.3 ($1.1), and
Brazil $0.6 ($0.6).

Advanced technology products (ATP) exports were $18.3 billion in January and imports
were $21.7 billion, resulting in a deficit of $3.4 billion.  January exports were $2.0
billion less than the $20.3 billion in December, while imports were $1.9 billion less
than the $23.6 billion in December.

Revisions

Goods carry-over in January was $0.5 billion (0.7 percent) for exports and $1.0
billion (0.7 percent) for imports.  For December, revised export carry-over was $0.1
billion (0.2 percent), revised down from $0.4 billion (0.5 percent).  For December,
revised import carry-over was $0.1 billion (0.1 percent), revised down from $1.2
billion (0.9 percent).

Goods and services exports and imports for all months in 2005 were revised in order
to align the seasonally adjusted monthly data with the annual totals.

Services exports and imports for July through December 2005 reflect the incorporation
of more comprehensive and revised quarterly and monthly data.  For services exports,
the largest revisions over the entire period were in other private services and travel.
For services imports, the largest revisions over the entire period were in passenger
fares and other private services.

Services exports for December were virtually unchanged at $32.5 billion.  Services
imports for December were revised down $0.2 billion to $27.4 billion; the revision
was more than accounted for by downward revisions in royalties and license fees and
other private services.

               Notice Regarding Advanced Technology Products

The FT-900 report includes new exhibit 16a, Exports, Imports, and Balance of Advanced
Technology Products by Technology Group and Selected Countries and Areas.