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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 TUESDAY, DECEMBER 12, 2006

CB06-180
BEA06-54
FT-900 (06-10)

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
                               October 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 October exports of $123.6
billion and imports of $182.5 billion resulted in a goods and services deficit
of $58.9 billion, $5.4 billion less than the $64.3 billion in September, revised.
October exports were $0.3 billion more than September exports of $123.4 billion.
October imports were $5.1 billion less than September imports of $187.6 billion.

In October, the goods deficit decreased $5.2 billion from September to $65.1 billion,
and the services surplus increased $0.2 billion to $6.2 billion.  Exports of goods
decreased $0.1 billion to $88.5 billion, and imports of goods decreased $5.3 billion
to $153.6 billion.  Exports of services increased $0.4 billion to $35.2 billion, and
imports of services increased $0.2 billion to $28.9 billion.

In October, the goods and services deficit was down $7.7 billion from October
2005. Exports were up $15.0 billion, or 13.8 percent, and imports were up $7.3
billion, or 4.2 percent.

Goods

The September to October change in exports of goods reflected decreases in industrial
supplies and materials ($0.5 billion) and automotive vehicles, parts, and engines
($0.1 billion).  An increase occurred in consumer goods ($0.4 billion).  Foods, feeds,
and beverages; capital goods; and other goods were virtually unchanged.

The September to October change in imports of goods reflected decreases in industrial
supplies and materials ($5.2 billion); capital goods ($0.4 billion); and automotive
vehicles, parts, and engines ($0.3 billion).  Increases occurred in consumer goods
($0.2 billion); other goods ($0.2 billion); and foods, feeds, and beverages ($0.1 billion).

The October 2005 to October 2006 change in exports of goods reflected increases in
industrial supplies and materials ($4.8 billion); capital goods ($4.5 billion);
consumer goods ($1.6 billion); other goods ($1.0 billion); foods, feeds, and beverages
($0.8 billion); and automotive vehicles, parts, and engines ($0.2 billion).

The October 2005 to October 2006 change in imports of goods reflected increases in
consumer goods ($3.8 billion); capital goods ($3.2 billion); foods, feeds, and
beverages ($0.7 billion); and other goods ($0.5 billion).  A decrease occurred in
industrial supplies and materials ($3.1 billion).  Automotive vehicles, parts, and
engines were virtually unchanged.

Services

Services exports increased $0.4 billion from September to October.  The increase
was mostly accounted for by increases in other private services (which includes
items such as business, professional, and technical services, insurance services,
and financial services) and travel.  Changes in other categories of services exports
were small.

Services imports increased $0.2 billion from September to October.  The increase was
more than accounted for by increases in other private services, travel, and passenger
fares.  Changes in other categories of services imports were small.

From October 2005 to October 2006, services exports increased $2.5 billion.  The
largest increases were in other private services ($1.7 billion) and travel ($0.4 billion).

From October 2005 to October 2006, services imports increased $2.3 billion.  The
largest increases were in other private services ($1.5 billion) and travel ($0.4 billion).

Goods and Services Moving Average

For the three months ending in October, exports of goods and services averaged
$123.2 billion, while imports of goods and services averaged $187.1 billion,
resulting in an average trade deficit of $63.9 billion.  For the three months
ending in September, the average trade deficit was $66.8 billion, reflecting
average exports of $122.0 billion and average imports of $188.8 billion.

Selected Not Seasonally Adjusted Goods Details

The October figures showed surpluses, in billions of dollars, with Australia $1.0
($0.9 for September), Hong Kong $0.7 ($1.0), Singapore $0.3 ($0.7), Egypt $0.3 ($0.2),
and Argentina $0.1 ($0.2).  Deficits were recorded, in billions of dollars, with
China $24.4 ($23.0), Europe $11.4 ($9.0), the European Union $9.5 ($7.0), Japan $8.3
($6.7), OPEC $7.5 ($9.2), Canada $5.4 ($5.7), Mexico $5.2 ($5.8), Korea $1.4 ($0.8),
Taiwan $1.3 ($1.5), and Brazil $0.6 ($0.5).

Advanced technology products (ATP) exports were $22.3 billion in October and imports
were $27.1 billion, resulting in a deficit of $4.8 billion.  October exports were
$0.3 billion more than the $22.0 billion in September, while imports were $0.9 billion
more than the $26.2 billion in September.

Revisions

Goods carry-over in October was $0.2 billion (0.2 percent) for exports and $1.1
billion (0.7 percent) for imports.  For September, revised export carry-over was
$0.1 billion (0.1 percent), revised down from $0.2 billion (0.2 percent).  For
September, revised import carry-over was $0.2 billion (0.2 percent), revised down
from $1.0 billion (0.6 percent).

Services exports and imports for April through September 2006 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.  For
services imports, the largest revisions over the entire period were in passenger fares.

Services exports for September were revised up $0.2 billion to $34.8 billion; the
revision was mostly accounted for by an upward revision in other private services
that was partly offset by a downward revision in royalties and license fees.  Services
imports for September were virtually unchanged at $28.7 billion; travel was revised up,
and royalties and license fees and other private services were revised down.