Home > News Release: U.S. International Trade in Goods and Services, April 2009
FOR IMMEDIATE RELEASE AT 8:30 A.M. EDT, WEDNESDAY, JUNE 10, 2009
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                              U.S. Census Bureau
                        U.S. Bureau of Economic Analysis
                                     NEWS
               U.S. Department of Commerce * Washington, DC 20230

                 U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
                                  April 2009

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 April exports of $121.1 billion
and imports of $150.3 billion resulted in a goods and services deficit of $29.2
billion, up from $28.5 billion in March, revised.  April exports were $2.8 billon
less than March exports of $123.9 billion.  April imports were $2.2 billion less
than March imports of $152.5 billion.

In April, the goods deficit increased $0.9 billion from March to $40.1 billion,
and the services surplus increased $0.2 billion to $10.9 billion.  Exports of
goods decreased $2.6 billion to $80.0 billion, and imports of goods decreased
$1.7 billion to $120.1 billion.  Exports of services decreased $0.2 billion to
$41.1 billion, and imports of services decreased $0.5 billion to $30.2 billion.

In April, the goods and services deficit decreased $33.0 billion from April 2008.
Exports were down $33.7 billion, or 21.8 percent, and imports were down $66.7
billion, or 30.7 percent.

Goods

The March to April decrease in exports of goods reflected decreases in industrial
supplies and materials ($1.3 billion); capital goods ($1.1 billion); consumer goods
($0.5 billion); other goods ($0.2 billion); and automotive vehicles, parts, and
engines ($0.2 billion).  An increase occurred in foods, feeds, and beverages
($0.3 billion).

The March to April decrease in imports of goods reflected decreases in capital
goods ($0.9 billion); industrial supplies and materials ($0.7 billion); other
goods ($0.3 billion); automotive vehicles, parts, and engines ($0.1 billion);
and foods, feeds, and beverages ($0.1 billion).  An increase occurred in consumer
goods ($0.4 billion).

The April 2008 to April 2009 decrease in exports of goods reflected decreases
in industrial supplies and materials ($12.0 billion); capital goods ($8.3 billion);
automotive vehicles, parts, and engines ($4.4 billion); foods, feeds, and beverages
($1.9 billion); consumer goods ($1.6 billion); and other goods ($0.9 billion).

The April 2008 to April 2009 decrease in imports of goods reflected decreases
in industrial supplies and materials ($34.2 billion); automotive vehicles, parts,
and engines ($10.7 billion); capital goods ($10.4 billion); consumer goods
($4.9 billion); other goods ($1.2 billion); and foods, feeds, and beverages
($0.7 billion).

Services

Services exports decreased $0.2 billion from March to April.  The decrease was
more than accounted for by decreases in travel, other private services (which
includes items such as business, professional, and technical services, insurance
services, and financial services), and passenger fares.  An increase in other
transportation (which includes freight and port services) was partly offsetting.
Changes in other categories of services exports were small.

Services imports decreased $0.5 billion from March to April.  The decrease was
more than accounted for by decreases in other transportation, travel, and passenger
fares.  An increase in other private services was partly offsetting.  Changes in
other categories of services imports were small.

The April 2008 to April 2009 decrease in exports of services was $4.7 billion.
The largest decreases were in other transportation ($1.6 billion), travel
($1.5 billion), and other private services ($0.6 billion).  Within other private
services, the largest decreases were in financial services and business,
professional, and technical services.

The April 2008 to April 2009 decrease in imports of services was $3.2 billion.
The largest decreases were in other transportation ($1.7 billion), travel
($0.7 billion), and passenger fares ($0.4 billion).

Goods and Services Moving Average

For the three months ending in April, exports of goods and services averaged
$123.8 billion, while imports of goods and services averaged $151.7 billion,
resulting in an average trade deficit of $27.9 billion.  For the three months
ending in March, the average trade deficit was $30.4 billion, reflecting average
exports of $125.1 billion and average imports of $155.5 billion.

Selected Not Seasonally Adjusted Goods Details

The April figures show surpluses, in billions of dollars, with Hong Kong $1.4
($1.5 for March), Australia $0.6 ($1.1), Singapore $0.3 ($0.5), and Egypt $0.2
($0.3).  Deficits were recorded, in billions of dollars, with China $16.8 ($15.6),
the European Union $5.3 ($4.4), Mexico $4.1 ($3.9), OPEC $3.6 ($2.4), Japan
$3.2 ($2.6), Canada $1.2 ($0.8), Venezuela $1.0 ($0.9), Taiwan $1.0 ($1.0),
Korea $1.0 ($1.2), and Nigeria $0.7 ($0.9).

Advanced technology products (ATP) exports were $18.7 billion in April and imports
were $23.4 billion, resulting in a deficit of $4.7 billion.  April exports were
$2.0 billion less than the $20.7 billion in March, while imports were virtually
unchanged at $23.4 billion.

Revisions

Goods carry-over in April was $0.1 billion (0.1 percent) for exports and $0.6
billion (0.5 percent) for imports.  For March, export carry-over was virtually
unrevised to $0.0 billion (0.0 percent).  For March, revised import carry-over
was $0.1 billion (0.1 percent), revised down from $0.6 billion (0.5 percent).

Services exports for March were revised down $0.3 billion to $41.4 billion.  The
revision was more than accounted for by downward revisions in other private services,
other transportation, and travel; an upward revision in transfers under U.S. military
sales contracts was partly offsetting.  Services imports for March were revised down
$0.2 billion to $30.7 billion.  The revision was mostly accounted for by a downward
revision in direct defense expenditures.

Goods and services exports and imports for all months shown in this release, prior
to April, reflect the incorporation of annual revisions to the goods and services
series in the U.S. international transactions accounts.  See the “Notice” in this
release for a description of major revisions to goods and services exports and
imports.


                                  NOTICE

In this release and in the accompanying “U.S. International Trade in Goods and
Services: Annual Revision for 2008,” the U.S. Census Bureau and the U.S. Bureau
of Economic Analysis (BEA) are jointly publishing revised data on U.S. trade in
goods for 2001-2008 and for the first three months of 2009 and revised data on
services for 2006-2008 and for the first three months of 2009.

The annual revision has not changed the overall trend in the goods and services
balance.  For 2001-2007, the goods and services deficit is revised less than 1
percent each year.  For 2008, the goods and services deficit is revised up
$14.8 billion, or 2.2 percent.

Goods

The 2008 not seasonally adjusted Census-basis goods data were revised to redistribute
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 2008 data.  Also,
goods export data from January 2004 through December 2008 were revised as a result
of analysis of the aircraft industry.  Once the redistributions of data to the
proper month of transaction and corrections were completed, factors for seasonal
adjustment and trading day adjustments were recomputed and the seasonally adjusted
current-dollar series were revised for 2006-2008 and the first three months of 2009.
Similar changes were made to the chain-weighted dollar series.  The chain-weighted
dollar series has also been revised using 2005 as the base year.

Beginning with 2001, a new balance of payments adjustment to Census-basis imports
has been added to improve the coverage of locomotives and railcars.  Other import
adjustments have been revised for 2008 based on updated source data.  The export
adjustment for transfers under U.S. military agency sales contracts has been revised
beginning with 2002 because of a change in methodology, and other export adjustments
have been revised beginning with 2007 based on updated source data.

Services

The services estimates were revised for 2006-2008 and for the first three months
of 2009.  The revisions resulted largely from the incorporation of updated results
from BEA’s benchmark survey of selected international services for 2006, updated
results from BEA’s quarterly surveys of international services beginning with the
first quarter of 2007, and new information on transfers under U.S. military agency
sales contracts beginning with 2006.  The BEA surveys cover transactions in royalties
and license fees and other private services.  On an annual basis, the revisions to
services receipts are larger than the revisions to services payments.