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                          U.S. Census Bureau
                   U.S. Bureau of Economic Analysis
                                NEWS
           U.S. Department of Commerce  Washington, D.C. 20230

                        
CB06-52
BEA06-13
FT-900 (06-02)

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
                             February 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 February exports of $113.0 billion and imports
of $178.7 billion resulted in a goods and services deficit of $65.7 billion, $2.8
billion less than the $68.6 billion in January, revised.  February exports were $1.3
billion less than January exports of $114.3 billion.  February imports were $4.2
billion less than January imports of $182.9 billion.

In February, the goods deficit decreased $3.5 billion from January to $70.1 billion,
and the services surplus decreased $0.6 billion to $4.3 billion.  Exports of goods
decreased $1.1 billion to $80.5 billion, and imports of goods decreased $4.6 billion
to $150.5 billion.  Exports of services decreased $0.2 billion to $32.5 billion, and
imports of services increased $0.4 billion to $28.2 billion.

In February, the goods and services deficit was up $5.6 billion from February 2005.
Exports were up $11.7 billion, or 11.5 percent, and imports were up $17.3 billion, or
10.7 percent.

Goods

The January to February change in exports of goods reflected decreases in foods, feeds,
and beverages ($0.3 billion); capital goods ($0.3 billion); industrial supplies and
materials ($0.2 billion); automotive vehicles, parts, and engines ($0.2 billion);
other goods ($0.1 billion); and consumer goods ($0.1 billion).

The January to February change in imports of goods reflected decreases in capital goods
($1.5 billion); automotive vehicles, parts, and engines ($1.3  billion); consumer goods
($0.9 billion); other goods ($0.4 billion); foods, feeds, and beverages ($0.3 billion);
and industrial supplies and materials ($0.2 billion).

The February 2005 to February 2006 change in exports of goods reflected increases in
capital goods ($4.9 billion); industrial supplies and materials ($2.1 billion);
automotive vehicles, parts, and engines ($1.2 billion); consumer goods ($0.9 billion);
foods, feeds, and beverages ($0.5 billion); and other goods ($0.4 billion).

The February 2005 to February 2006 change in imports of goods reflected increases in
industrial supplies and materials ($10.2 billion); capital goods ($2.7 billion);
automotive vehicles, parts, and engines ($1.6 billion); foods, feeds, and beverages
($0.6 billion); and other goods ($0.5 billion).  A decrease occurred in consumer
goods ($0.1 billion).

Services

Services exports decreased $0.2 billion from January to February.  The decrease
reflected decreases in travel ($0.2 billion) and other transportation, which includes
freight and port services ($0.1 billion).  Changes in other categories of services
exports were small.

Services imports increased $0.4 billion from January to February.  Royalties and
license fees increased $0.6 billion; it includes payments for the rights to broadcast
the 2006 Winter Olympic Games.  Other transportation decreased $0.2 billion and travel
decreased $0.1 billion.  Changes in other categories of services imports were small.

From February 2005 to February 2006, services exports increased $1.8 billion.  The
largest increases were in other private services, which includes items such as business,
professional, and technical services, insurance services, and financial services ($1.0

billion), other transportation ($0.5 billion), and travel ($0.4 billion).

From February 2005 to February 2006, services imports increased $1.9 billion.  The
largest increases were in other private services ($1.0 billion) and royalties and
license fees ($0.6 billion).

Goods and Services Moving Average

For the three months ending in February, exports of goods and services averaged
$113.0 billion, while imports of goods and services averaged $179.4 billion, resulting
in an average trade deficit of $66.5 billion.  For the three months ending in January,
the average trade deficit was $66.0 billion, reflecting average exports of $111.7 billion
and average imports of $177.7 billion.

Selected Not Seasonally Adjusted Goods Details

The February figures showed surpluses, in billions of dollars, with Australia $0.7
($0.9 for January), Hong Kong $0.6 ($0.5), Singapore $0.5 ($0.3), and Egypt $0.1 ($0.1).
Deficits were recorded, in billions of dollars, with China $13.8 ($17.9), Europe $9.8
($11.7), the European Union $8.3 ($9.7), OPEC $7.3 ($8.4), Canada $7.2 ($8.9), Japan
$7.1 ($6.5), Mexico $4.7 ($4.6), Korea $1.2 ($1.3), Taiwan $1.0 ($1.6), and Brazil
$0.6 ($0.6).

Advanced technology products (ATP) exports were $18.4 billion in February and imports
were $19.8 billion, resulting in a deficit of $1.4 billion.  February exports were
$0.1 billion more than the $18.3 billion in January, while imports were $1.9 billion
less than the $21.7 billion in January.

Revisions

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

Services exports for January were revised up $0.1 billion to $32.7 billion.  The revision
was mostly accounted for by upward revisions in travel and passenger fares.  Services
imports for January were virtually unchanged at $27.8 billion.