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

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                            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, NOVEMBER 9, 2006

CB06-164
BEA06-50
FT-900 (06-09)

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
                                September 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 September exports of $123.2 billion and imports
of $187.5 billion resulted in a goods and services deficit of $64.3 billion, $4.7 billion
less than the $69.0 billion in August, revised.  September exports were $0.6 billion more
than August exports of $122.6 billion.  September imports were $4.1 billion less than
August imports of $191.6 billion.

In September, the goods deficit decreased $4.8 billion from August to $70.1 billion, and
the services surplus decreased $0.1 billion to $5.8 billion.  Exports of goods increased
$0.6 billion to $88.6 billion, and imports of goods decreased $4.2 billion to $158.7
billion.  Exports of services were virtually unchanged at $34.5 billion, and imports of
services were virtually unchanged at $28.7 billion.

In September, the goods and services deficit was down $0.7 billion from September 2005.
Exports were up $16.8 billion, or 15.8 percent, and imports were up $16.2 billion,
or 9.4 percent.

Goods

The August to September change in exports of goods reflected increases in industrial
supplies and materials ($1.0 billion); capital goods ($0.7 billion); and other goods
($0.3 billion).  Decreases occurred in automotive vehicles, parts, and engines ($0.7 billion);
consumer goods ($0.4 billion); and foods, feeds, and beverages ($0.3 billion).

The August to September change in imports of goods reflected decreases in industrial
supplies and materials ($3.6 billion); capital goods ($0.6 billion); automotive vehicles,
parts, and engines ($0.4 billion); and foods, feeds, and beverages ($0.1 billion).  An
increase occurred in consumer goods ($0.6 billion).  Other goods were virtually unchanged.

The September 2005 to September 2006 change in exports of goods reflected increases in
capital goods ($6.5 billion); industrial supplies and materials ($5.4 billion);
other goods ($1.0 billion); consumer goods ($0.9 billion); foods, feeds, and beverages
($0.9 billion); and automotive vehicles, parts, and engines ($0.3 billion).

The September 2005 to September 2006 change in imports of goods reflected increases in
industrial supplies and materials ($5.2 billion); consumer goods ($3.8 billion);
capital goods ($3.5 billion); automotive vehicles, parts, and engines ($0.8 billion);
foods, feeds, and beverages ($0.5 billion); and other goods ($0.2 billion).

Services

Services exports were virtually unchanged from August to September.  A decrease in
other transportation (which includes freight and port services) was mostly offset by
an increase in other private services (which includes items such as business,
professional, and technical services, insurance services, and financial services).
Changes in other categories of services exports were small.

Services imports were virtually unchanged from August to September.  An increase in
other private services was mostly offset by small decreases in other categories
of services imports.

From September 2005 to September 2006, services exports increased $2.1 billion.
The largest increases were in other private services ($1.5 billion), royalties and
license fees ($0.5 billion), and other transportation ($0.4 billion).

From September 2005 to September 2006, services imports increased $2.1 billion.
The largest increases were in other private services ($1.5 billion) and other
transportation ($0.3 billion).

Goods and Services Moving Average

For the three months ending in September, exports of goods and services averaged
$121.8 billion, while imports of goods and services averaged $188.9 billion, resulting
in an average trade deficit of $67.1 billion.  For the three months ending in August,
the average trade deficit was $67.3 billion, reflecting average exports of $121.2 billion
and average imports of $188.5 billion.

Selected Not Seasonally Adjusted Goods Details

The September figures showed surpluses, in billions of dollars, with Hong Kong $1.0
($0.7 for August), Australia $0.9 ($0.9), Singapore $0.7 ($0.4), Egypt $0.2 ($0.2),
and Argentina $0.2 ($0.1).  Deficits were recorded, in billions of dollars, with
China $23.0 ($22.0), OPEC $9.2 ($11.2), Europe $9.0 ($13.7), the European Union $7.0
($11.0), Japan $6.7 ($7.5), Mexico $5.8 ($6.2), Canada $5.7 ($6.1), Taiwan $1.5
($1.7), Korea $0.8 ($1.1), and Brazil $0.5 ($1.0).

Advanced technology products (ATP) exports were $22.0 billion in September and imports
were $26.2 billion, resulting in a deficit of $4.2 billion.  September exports were
$0.7 billion more than the $21.3 billion in August, while imports were $1.3 billion
more than the $24.9 billion in August.

Revisions

Goods carry-over in September was $0.2 billion (0.2 percent) for exports and $1.0 billion
(0.6 percent) for imports. For August, revised export carry-over was $0.1 billion
(0.1 percent), revised down from $0.2 billion (0.2 percent).  For August, revised
import carry-over was $0.6 billion (0.3 percent), revised down from $2.0 billion
(1.2 percent).

Services exports for August were revised up $0.1 billion to $34.6 billion; the
revision was mostly accounted for by an upward revision to travel.  Services imports
for August were revised down $0.1 billion to $28.7 billion; the revision was mostly
accounted for by a downward revision to travel.