FOR IMMEDIATE RELEASE AT 8:30 A.M. EST, TUESDAY, JANUARY 7, 2014
CB 14-02
BEA 14-01
FT-900 (13-11)



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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
                                        November 2013

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 November exports of $194.9 billion and imports of $229.1 billion resulted
in a goods and services deficit of $34.3 billion, down from $39.3 billion in October, revised.
November exports were $1.7 billion more than October exports of $193.1 billion. November imports
were $3.4 billion less than October imports of $232.5 billion.

In November, the goods deficit decreased $4.9 billion from October to $53.9 billion, and the services
surplus increased $0.2 billion from October to $19.7 billion. Exports of goods increased $1.5 billion
to $137.1 billion, and imports of goods decreased $3.4 billion to $191.0 billion. Exports of services
increased $0.3 billion to $57.8 billion, and imports of services increased $0.1 billion to $38.1
billion.

The goods and services deficit decreased $12.2 billion from November 2012 to November 2013. Exports
were up $9.6 billion, or 5.2 percent, and imports were down $2.5 billion, or 1.1 percent.

Goods (Census Basis)

The October to November increase in exports of goods reflected increases in industrial supplies
and materials ($0.7 billion); other goods ($0.5 billion); capital goods ($0.3 billion); and automotive
vehicles, parts, and engines ($0.1 billion). Decreases occurred in consumer goods ($0.5 billion)
and  foods, feeds, and beverages ($0.1 billion).

The October to November decrease in imports of goods reflected decreases in industrial supplies
and materials ($4.3 billion); other goods ($0.8 billion); foods, feeds, and beverages ($0.3 billion);
and consumer goods ($0.1 billion).  Increases occurred in automotive vehicles, parts, and engines
($1.1 billion) and capital goods ($0.9 billion).

The November 2012 to November 2013 increase in exports of goods reflected increases in industrial
supplies and materials ($3.1 billion); capital goods ($1.2 billion); foods, feeds, and beverages
($1.1 billion); automotive vehicles, parts, and engines ($0.8 billion); other goods ($0.6 billion);
and consumer goods ($0.5 billion).

The November 2012 to November 2013 decrease in imports of goods reflected decreases in industrial
supplies and materials ($6.9 billion); other goods ($0.3 billion); and consumer goods ($0.3 billion).
Increases occurred in capital goods ($2.2 billion); automotive vehicles, parts, and engines ($1.6
billion); and foods, feeds, and beverages ($0.2 billion).

Services

Exports of services increased $0.3 billion from October to November. The increase was mostly accounted
for by increases in travel ($0.1 billion), in passenger fares ($0.1 billion), and in royalties
and license fees ($0.1 billion). Changes in the other categories of services exports were relatively
small.

Imports of services increased $0.1 billion from October to November, mainly reflecting increases
in other transportation ($0.1 billion), which includes freight and port services, and in other
private services ($0.1 billion), which includes items such as business, professional, and technical
services, insurance services, and financial services. Changes in the other categories of services
imports were relatively small.

The November 2012 to November 2013 increase in exports of services was $2.2 billion or 4.0 percent.
The largest increases were in travel ($0.9 billion), in royalties and license fees ($0.6 billion),
and in other private services ($0.4 billion). Within other private services, the largest increase
was in financial services.

The November 2012 to November 2013 increase in imports of services was $1.0 billion or 2.7 percent.
The largest increases were in other transportation ($0.4 billion), in travel ($0.4 billion), and
in passenger fares ($0.3 billion). The largest decrease was in direct defense expenditures ($0.2
billion).

Goods and Services Moving Average

For the three months ending in November, exports of goods and services averaged $192.4 billion,
while imports of goods and services averaged $231.3 billion, resulting in an average trade deficit
of $38.8 billion. For the three months ending in October, the average trade deficit was $40.4 billion,
reflecting average exports of $190.7 billion and average imports of $231.1 billion.

Selected Not Seasonally Adjusted Goods Details

The November figures show surpluses, in billions of dollars, with Hong Kong $2.9 ($2.8 for October),
Australia $1.2 ($1.4), Singapore $1.2 ($1.2), and Brazil $1.1 ($1.7). Deficits were recorded, in
billions of dollars, with China $26.9 ($28.9), European Union $10.1 ($14.3), Germany $5.9 ($6.9),
Japan $5.8 ($6.4), OPEC $4.8 ($5.6), Mexico $4.1 ($4.1), Saudi Arabia $2.9 ($3.1), Ireland $1.8
($3.2), Venezuela $1.5 ($1.9), Canada $1.5 ($2.8), Korea $1.2 ($1.7), and India $1.0 ($2.0).

Advanced technology products exports were $28.0 billion in November and imports were $37.3 billion,
resulting in a deficit of $9.3 billion. November exports were $0.3 billion more than the $27.7
billion in October, while November imports were $0.3 billion less than the $37.5 billion in October.

Revisions

Census Basis (not seasonally adjusted)

For October, exports of goods were revised up $0.4 billion and imports of goods were revised down
$1.1 billion. Goods carry-over in November was $0.3 billion (0.2 percent) for exports and $1.4
billion (0.8 percent) for imports. For October, revised export and import carry-over were virtually
zero.

Balance of Payments Basis (seasonally adjusted)

For October, exports of goods were revised up $0.3 billion and imports of goods were revised down
$1.0 billion.

For October, exports of services were revised up $0.1 billion, mainly reflecting an upward revision
in other private services. For October, imports of services were revised up $0.2 billion, mainly
reflecting upward revisions in travel and in passenger fares.

NOTICE

Entry of Latvia into the Euro Area

Beginning with the January 2014 statistics scheduled for release on March 7, 2014, the Euro Area
will be expanded to reflect the entry of Latvia into the Euro Area on January 1, 2014.  This change
will affect Exhibit 14 of the "U.S. International Trade in Goods and Services" news release (FT-900)
and Exhibit 6 of the FT-900 Supplement.

If you have questions or need additional information, please contact the Data Dissemination Branch
of the U.S. Census Bureau's Foreign Trade Division on (301) 763-2311 or at
(ftd.data.dissemination@census.gov).