News Release
U.S. International Trade in Goods and Services, October 2000
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United States Department of
COMMERCE NEWS
Washington, D.C. 20230
ECONOMICS
AND
STATISTICS
ADMINISTRATION
------------
Bureau of the Census
Bureau of Economic Analysis
This release contains sensitive economic
data not to be released before 8:30 a.m. Tuesday,
December 19, 2000
CB-00-213 Press Copy
FT-900 (00-10) For information on goods contact:
Bureau of the Census:
Haydn R. Mearkle (301) 457-2246
Nick Orsini (301) 457-2311
For information on services contact:
Bureau of Economic Analysis:
Technical: Christopher Bach (202) 606-9545
Media: Larry Moran (202) 606-2649
U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
October 2000
Goods and Services
The Bureau of the Census and the Bureau of Economic Analysis, through the
Department of Commerce, announced today that total October exports of $91.2
billion and imports of $124.4 billion resulted in a goods and services
deficit of $33.2 billion, $0.6 billion less than the $33.7 billion in
September, revised. October exports were $1.4 billion less than September
exports of $92.7 billion. October imports were $2.0 billion less than
September imports of $126.4 billion.
In October, the goods deficit increased $0.2 billion from September to $39.5
billion, and the services surplus increased $0.7 billion to $6.3 billion.
Exports of goods decreased to $66.4 billion from $67.8 billion, and imports
of goods decreased to $105.9 billion from $107.2 billion. Exports of
services were virtually unchanged at $24.8 billion, and imports of services
decreased to $18.5 billion from $19.2 billion.
Goods
The September to October change in exports of goods reflected decreases in
capital goods ($0.5 billion); consumer goods ($0.4 billion); industrial
supplies and materials ($0.2 billion); and foods, feeds, and beverages
($0.1 billion). An increase occurred in automotive vehicles, parts, and
engines ($0.1 billion). Other goods were virtually unchanged.
The September to October change in imports of goods reflected decreases in
industrial supplies and materials ($0.5 billion); capital goods ($0.5
billion); other goods ($0.1 billion); foods, feeds, and beverages ($0.1
billion); and automotive vehicles, parts, and engines ($0.1 billion). An
increase occurred in consumer goods ($0.1 billion).
Services
Services exports in October were virtually the same as in September, as a
decrease in travel was nearly offset by an increase in other private
services. Changes in the other categories of services exports were small.
Services imports decreased $0.7 billion from September to October, mostly
reflecting a decrease in royalties and license fees. Royalties and license
fees had been boosted in September by payments for broadcast rights for the
2000 Summer Olympic Games. Changes in the other categories of services
imports were small.
Goods and Services Moving Average
For the three months ending in October, exports of goods and services
averaged $92.3 billion, while imports of goods and services averaged
$124.6 billion, resulting in an average trade deficit of $32.3 billion.
For the three months ending in September, the average trade deficit was
$31.9 billion, reflecting average exports of $91.7 billion and average
imports of $123.6 billion.
Selected Not Seasonally Adjusted Goods Details
The October figures showed surpluses, in billions of dollars, with Australia
$0.5 (for September $0.4), Brazil $0.5 ($0.3), Hong Kong $0.3 ($0.1), Egypt
$0.3 ($0.2), and Argentina $0.1 ($0.1). Deficits were recorded, in billions
of dollars, with China -$9.1 (-$8.7), Japan -$8.4 (-$6.1), Western Europe
-$6.1 (-$4.4), Canada -$4.7 (-$4.5), OPEC -$4.3 (-$4.2), Mexico -$2.4
(-$2.7), Taiwan -$1.6 (-$1.7), and Korea -$1.4 (-$1.2).
Advanced technology products (ATP) exports were $20.5 billion in October and
imports were $21.4 billion, resulting in a deficit of $0.9 billion. October
exports were $0.4 billion more than the $20.1 billion in September, while
imports were $0.2 billion more than the $21.2 billion in September.
Revisions
Goods carry-over in October was $1.1 billion (1.6 percent) for exports and
$0.7 billion (0.6 percent) for imports. For September, revised export
carry-over was $0.3 billion (0.4 percent), revised down from $0.5 billion
(0.7 percent). For September, revised import carry-over was $0.3 billion
(0.3 percent), revised down from $1.1 billion (1.0 percent).
Services exports and imports for April through September 2000 were revised
to incorporate revisions to BEA's quarterly U.S. international transactions
accounts, which were released December 14 (see page 29 for the monthly
revision policy). The revised quarterly and monthly estimates are based on
more complete source data than were available previously. Services exports
for September were revised down $0.2 billion to $24.8 billion; the revision
was more than accounted for by downward revisions in other private services
and royalties and license fees. Services imports for September were revised
up $0.1 billion to $19.2 billion; the revision was mostly accounted for by
an upward revision in travel.
Scheduled Release Dates In 2001 are Located on Page 29
Table of Contents
October 2000
Seasonally Adjusted
Exhibit 1 International Trade in Goods and Services. . . . . . ........4
Exhibit 2 Goods and Services Centered Three - Month Moving Averages....5
Exhibit 3 U.S. Services by Major Category--Exports . . . . . ..........6
Exhibit 4 U.S. Services by Major Category--Imports . . . . . ..........7
Exhibit 5 U.S. Trade in Goods. . . . . . . . . . . . . . . . ..........8
Exhibit 6 Exports and Imports of Goods by Principal End-Use Category...9
Exhibit 7 Exports of Goods by End-Use Category and Commodity .........10
Exhibit 8 Imports of Goods by End-Use Category and Commodity .........12
Exhibit 9 Petroleum and Non-Petroleum End-Use Category Totals ........14
Exhibit 10 Exports and Imports of Goods by Principal End-Use
Category (Constant Dollars) . . . . . . . ..................15
Exhibit 11 Exports, Imports, and Balance of Goods, Petroleum
and Non-Petroleum End-Use Commodity Category Totals
(Constant Dollars)..........................................16
Not Seasonally Adjusted
Exhibit 12 U.S. Trade in Goods. . . . . . . . . . . . . . . . .........17
Exhibit 13 Exports and Imports of Goods by Principal End-Use
Category....................................................18
Exhibit 14 Exports, Imports, and Balance of Goods by Selected
Countries and Areas . . . . . . . . . . . . . . . ........19
Exhibit 15 Exports and Imports of Goods by Principal SITC
Commodity Groupings.........................................21
Exhibit 16 Exports, Imports, and Balance of Advanced
Technology Products.........................................23
Exhibit 17 Imports of Energy - Related Petroleum Products,
Including Crude Petroleum . . . . . . . . . . . . . ........24
Exhibit 18 Exports and Imports of Motor Vehicles and Parts
By Selected Countries.......................................25
Information on Goods and Services. . . . . . . . . . . . . . . ........26
SOURCE: Report FT900 (CB-00-213), Bureau of the Census, Foreign Trade
Division, October 2000. For more information, contact Haydn R.
Mearkle (301-457-2246) or Nick Orsini (301-457-2311), Foreign
Trade Division.
PART A: SEASONALLY ADJUSTED
EXHIBIT 1. U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
JANUARY 1998 TO OCTOBER 2000
(In millions of dollars. Details may not equal totals due to seasonal
adjustment and rounding. (R) Revised.)
Balance
Period Total Goods (1) Services
1998
Jan.- Dec. -166,897 -246,853 79,956
Jan.- Oct. -136,777 -203,500 66,723
January -10,290 -17,446 7,156
February -10,765 -17,394 6,629
March -12,558 -19,806 7,248
April -13,902 -21,287 7,385
May -14,444 -21,551 7,107
June -13,260 -19,781 6,521
July -14,535 -20,623 6,088
August -16,600 -22,716 6,116
September -15,198 -21,224 6,026
October -15,223 -21,670 6,447
November -15,496 -21,904 6,408
December -14,628 -21,448 6,820
1999
Jan.- Dec. -264,971 -345,559 80,588
Jan.- Oct. -213,605 -280,903 67,298
January -15,946 -22,897 6,951
February -18,358 -25,104 6,746
March -18,372 -25,023 6,651
April -18,956 -25,851 6,895
May -21,003 -27,753 6,750
June -23,342 -30,381 7,039
July -24,740 -31,227 6,487
August -23,931 -30,518 6,587
September -24,047 -30,573 6,526
October -24,910 -31,576 6,666
November -25,712 -32,401 6,689
December -25,657 -32,255 6,598
2000
Jan.- Oct. -302,525 -370,093 67,568
January -27,266 -34,049 6,783
February -27,481 -34,641 7,160
March -30,370 -37,148 6,778
April (R) -29,172 -36,895 7,723
May (R) -29,603 -36,474 6,871
June (R) -29,826 -36,862 7,036
July (R) -31,823 -38,523 6,700
August (R) -30,059 -36,684 6,625
September (R) -33,740 -39,328 5,588
October -33,184 -39,488 6,304
November
December
September data as published last month:
-34,263 -40,208 5,945
___________________________________
Exports
Period Total Goods (1) Services
1998
Jan.- Dec. 932,977 670,324 262,653
Jan.- Oct. 776,366 558,055 218,311
January 79,167 57,480 21,687
February 77,874 56,416 21,458
March 78,695 56,713 21,982
April 77,769 55,298 22,471
May 77,313 55,205 22,108
June 77,269 55,551 21,718
July 76,058 54,611 21,447
August 75,566 54,083 21,483
September 77,248 55,684 21,564
October 79,406 57,013 22,393
November 78,760 56,720 22,040
December 77,849 55,550 22,299
1999
Jan.- Dec. 956,242 684,358 271,884
Jan.- Oct. 788,936 563,466 225,470
January 77,035 54,966 22,069
February 76,240 54,296 21,944
March 77,046 54,687 22,359
April 77,864 55,403 22,461
May 77,753 55,343 22,410
June 78,679 55,696 22,983
July 79,004 56,385 22,619
August 81,108 58,402 22,706
September 81,857 59,094 22,763
October 82,349 59,193 23,156
November 83,198 59,682 23,516
December 84,107 61,211 22,896
2000
Jan.- Oct. 888,354 642,847 245,507
January 83,691 60,321 23,370
February 85,312 60,894 24,418
March 86,975 62,513 24,462
April (R) 87,606 62,566 25,040
May (R) 87,074 62,749 24,325
June (R) 91,288 66,468 24,820
July (R) 89,655 65,096 24,559
August (R) 92,868 67,973 24,895
September (R) 92,654 67,836 24,818
October 91,231 66,431 24,800
November
December
September data as published last month:
92,360 67,316 25,044
____________________________________
Imports
Period Total Goods (1) Services
1998
Jan.- Dec. 1,099,875 917,178 182,697
Jan.- Oct. 913,143 761,555 151,588
January 89,457 74,926 14,531
February 88,640 73,811 14,829
March 91,253 76,519 14,734
April 91,672 76,586 15,086
May 91,758 76,757 15,001
June 90,529 75,332 15,197
July 90,594 75,235 15,359
August 92,166 76,799 15,367
September 92,446 76,908 15,538
October 94,630 78,684 15,946
November 94,256 78,624 15,632
December 92,477 76,998 15,479
1999
Jan.- Dec. 1,221,213 1,029,917 191,296
Jan.- Oct. 1,002,541 844,369 158,172
January 92,981 77,863 15,118
February 94,598 79,400 15,198
March 95,418 79,710 15,708
April 96,821 81,255 15,566
May 98,756 83,096 15,660
June 102,021 86,077 15,944
July 103,744 87,612 16,132
August 105,039 88,920 16,119
September 105,904 89,667 16,237
October 107,259 90,769 16,490
November 108,909 92,082 16,827
December 109,764 93,466 16,298
2000
Jan.- Oct. 1,190,879 1,012,940 177,939
January 110,957 94,370 16,587
February 112,793 95,535 17,258
March 117,345 99,661 17,684
April (R) 116,777 99,460 17,317
May (R) 116,678 99,224 17,454
June (R) 121,114 103,330 17,784
July (R) 121,479 103,620 17,859
August (R) 122,927 104,657 18,270
September (R) 126,395 107,165 19,230
October 124,415 105,919 18,496
November
December
September data as published last month:
126,623 107,524 19,099
(1) Data presented on a Balance of Payments (BOP) basis.
SOURCE: Report FT900 (CB-00-213), Bureau of the Census, Foreign Trade
Division, October 2000. For more information, contact Haydn R.
Mearkle (301-457-2246) or Nick Orsini (301-457-2311), Foreign
Trade Division.
PART A: SEASONALLY ADJUSTED
EXHIBIT 2. U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
THREE-MONTH MOVING AVERAGES -- JANUARY 1998 TO OCTOBER 2000
(In millions of dollars. Details may not equal totals due to seasonal
adjustment and rounding. (R) Revised.)
Balance
Center
Month of
Moving
Average Total Goods (1) Services
1998
January --- --- ---
February -11,204 -18,215 7,011
March -12,409 -19,496 7,087
April -13,635 -20,882 7,247
May -13,869 -20,873 7,004
June -14,080 -20,652 6,572
July -14,799 -21,040 6,242
August -15,445 -21,521 6,077
September -15,674 -21,870 6,196
October -15,306 -21,600 6,294
November -15,116 -21,674 6,558
December -15,357 -22,083 6,726
1999
January -16,311 -23,150 6,839
February -17,559 -24,341 6,783
March -18,562 -25,326 6,764
April -19,444 -26,209 6,765
May -21,100 -27,995 6,895
June -23,028 -29,787 6,759
July -24,004 -30,709 6,704
August -24,240 -30,773 6,533
September -24,296 -30,889 6,593
October -24,890 -31,517 6,627
November -25,426 -32,077 6,651
December -26,211 -32,901 6,690
2000
January -26,801 -33,648 6,847
February -28,372 -35,279 6,907
March (R) -29,008 -36,228 7,220
April (R) -29,715 -36,839 7,124
May (R) -29,534 -36,744 7,210
June (R) -30,418 -37,287 6,869
July (R) -30,569 -37,356 6,787
August (R) -31,874 -38,179 6,304
September (R) -32,328 -38,500 6,172
October
November
December
____________________________________
Exports
Center
Month of
Moving
Average Total Goods (1) Services
1998
January --- --- ---
February 78,579 56,870 21,709
March 78,113 56,142 21,970
April 77,926 55,739 22,187
May 77,450 55,351 22,099
June 76,880 55,122 21,758
July 76,298 54,748 21,549
August 76,291 54,793 21,498
September 77,407 55,593 21,813
October 78,471 56,472 21,999
November 78,672 56,428 22,244
December 77,881 55,745 22,136
1999
January 77,041 54,937 22,104
February 76,774 54,650 22,124
March 77,050 54,795 22,255
April 77,555 55,145 22,410
May 78,099 55,481 22,618
June 78,479 55,808 22,671
July 79,597 56,828 22,769
August 80,656 57,960 22,696
September 81,771 58,896 22,875
October 82,468 59,323 23,145
November 83,218 60,029 23,189
December 83,665 60,404 23,261
2000
January 84,370 60,809 23,561
February 85,326 61,243 24,083
March (R) 86,631 61,991 24,640
April (R) 87,218 62,609 24,609
May (R) 88,656 63,927 24,728
June (R) 89,339 64,771 24,568
July (R) 91,270 66,512 24,758
August (R) 91,726 66,969 24,757
September (R) 92,251 67,413 24,838
October
November
December
___________________________________
Imports
Center
Month of
Moving
Average Total Goods (1) Services
1998
January --- --- ---
February 89,783 75,085 14,698
March 90,522 75,639 14,883
April 91,561 76,620 14,940
May 91,320 76,225 15,095
June 90,960 75,775 15,186
July 91,096 75,789 15,308
August 91,735 76,314 15,421
September 93,081 77,464 15,617
October 93,777 78,072 15,705
November 93,788 78,102 15,686
December 93,238 77,828 15,410
1999
January 93,352 78,087 15,265
February 94,332 78,991 15,341
March 95,612 80,121 15,491
April 96,998 81,353 15,645
May 99,199 83,476 15,723
June 101,507 85,595 15,912
July 103,601 87,536 16,065
August 104,896 88,733 16,163
September 106,067 89,785 16,282
October 107,358 90,840 16,518
November 108,644 92,106 16,538
December 109,877 93,306 16,571
2000
January 111,171 94,457 16,714
February 113,698 96,522 17,176
March (R) 115,638 98,219 17,420
April (R) 116,933 99,448 17,485
May (R) 118,190 100,671 17,518
June (R) 119,757 102,058 17,699
July (R) 121,840 103,869 17,971
August (R) 123,600 105,147 18,453
September (R) 124,579 105,913 18,665
October
November
December
(1) Data presented on a Balance of Payments (BOP) basis.
Note: The three-month moving averages shown in this exhibit are computed
by summing the subject month, the two prior months, dividing by three and
showing the average at the center month of the period. Using this method,
an average is not available for the current month. A centered moving average
is useful in smoothing the volatile trade data so that trends can better be
discerned.
SOURCE: Report FT900 (CB-00-213), Bureau of the Census, Foreign Trade
Division, October 2000. For more information, contact Haydn R.
Mearkle (301-457-2246) or Nick Orsini (301-457-2311), Foreign
Trade Division.