U.S. Census Bureau: U.S. Bureau of Economic Analysis:

Transcription

1 U.S. Census Bureau U.S. Bureau of Economic Analysis NEWS U.S. Department of Commerce Washington, DC FOR IMMEDIATE RELEASE 8:30 A.M. EST THURSDAY, FEBRUARY 14, 2008 For information on goods contact: For information on services contact: U.S. Census Bureau: U.S. Bureau of Economic Analysis: Nick Orsini Technical: Christopher Bach Maria Iseman Media: Ralph Stewart CB08-27, BEA08-05, FT-900 (07-12) U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES December 2007 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 December exports of $144.3 billion and imports of $203.1 billion resulted in a goods and services deficit of $58.8 billion, down from $63.1 billion in November, revised. December exports were $2.2 billion more than November exports of $142.2 billion. December imports were $2.2 billion less than November imports of $205.3 billion. In December, the goods deficit decreased $4.6 billion from November to $68.2 billion, and the services surplus decreased $0.2 billion to $9.5 billion. Exports of goods increased $2.3 billion to $103.1 billion, and imports of goods decreased $2.3 billion to $171.3 billion. Exports of services decreased $0.1 billion to $41.2 billion, and imports of services increased $0.1 billion to $31.8 billion. In December, the goods and services deficit was down $1.5 billion from December Exports were up $17.2 billion, or 13.6 percent, and imports were up $15.7 billion, or 8.4 percent. Goods The November to December change in exports of goods reflected increases in capital goods ($2.0 billion); industrial supplies and materials ($1.0 billion); and andand consumer goods ($0.6 billion). Decreases occurred in automotive vehicles, parts, and engines ($0.9 billion); other goods ($0.6 billion); and foods, feeds, and beverages ($0.1 billion). The November to December change in imports of goods reflected decreases in automotive vehicles, parts, and engines ($2.1 billion); consumer goods ($0.5 billion); other goods ($0.4 billion); foods, feeds, and beverages ($0.2 billion); and capital goods ($0.1 billion). An increase occurred in industrial supplies and materials ($0.8 billion). NOTE: Total goods data are reported on a Balance of Payments basis; commodity and country detail data for goods are on a Census basis. For information on data sources and definitions, see the information section on page 29 of this release, or at or The next FT-900 release is March 11, 2008.

2 2 The December 2006 to December 2007 change in exports of goods reflected increases in industrial supplies and materials ($5.2 billion); capital goods ($3.8 billion); foods, feeds, and beverages ($2.1 billion); consumer goods ($1.5 billion); automotive vehicles, parts, and engines ($0.6 billion); and other goods ($0.1 billion). The December 2006 to December 2007 change in imports of goods reflected increases in industrial supplies and materials ($11.7 billion); capital goods ($2.1 billion); consumer goods ($0.9 billion); foods, feeds, and beverages ($0.4 billion); and other goods ($0.1 billion). A decrease occurred in automotive vehicles, parts, and engines ($2.2 billion). Services Services exports decreased $0.1 billion from November to December. The decrease was more than accounted for by decreases in transfers under U.S. military sales contracts and travel. Increases in other private services (which includes items such as business, professional, and technical services, insurance services, and financial services), passenger fares, and royalties and license fees were partly offsetting. Changes in other categories of services exports were small. Services imports increased $0.1 billion from November to December. The increase was more than accounted for by increases in passenger fares and other private services. A decrease in other transportation (which includes freight and port services) was partly offsetting. Changes in other categories of services imports were small. From December 2006 to December 2007, services exports increased $3.6 billion. The largest increases were in travel ($1.3 billion) and other private services ($0.9 billion). From December 2006 to December 2007, services imports increased $2.5 billion. The largest increases were in other private services ($1.1 billion), travel ($0.3 billion), and other transportation ($0.3 billion). Goods and Services Moving Average For the three months ending in December, exports of goods and services averaged $142.6 billion, while imports of goods and services averaged $202.6 billion, resulting in an average trade deficit of $60.0 billion. For the three months ending in November, the average trade deficit was $59.5 billion, reflecting average exports of $141.2 billion and average imports of $200.8 billion. Selected Not Seasonally Adjusted Goods Details The December figures showed surpluses, in billions of dollars, with Hong Kong $1.1 ($1.0 for November), Singapore $1.0 ($0.6), Australia $0.9 ($1.0), Brazil $0.6 ($0.1), and Egypt $0.3 ($0.3). Deficits were recorded, in billions of dollars, with China $18.8 ($24.0), OPEC $12.3 ($11.8), Europe $9.2 ($12.0), the European Union $7.8 ($10.4), Japan $6.6 ($7.1), Mexico $6.5 ($7.6), Canada $4.7 ($4.7), Korea $0.4 ($1.2), and Taiwan $0.3 ($1.3). Advanced technology products (ATP) exports were $24.8 billion in December and imports were $27.6 billion, resulting in a deficit of $2.8 billion. December exports were $1.2 billion more than the $23.6 billion in November, while imports were $2.4 billion less than the $30.0 billion in November. Revisions Goods carry-over in December was $0.3 billion (0.3 percent) for exports and $1.1 billion (0.7 percent) for imports. For November, revised export carry-over was $0.1 billion (0.1 percent), revised down from $0.3 billion (0.3 percent). For November, revised import carry-over was $0.4 billion (0.2 percent), revised down from $1.3 billion (0.7 percent). The seasonally adjusted goods data for January through November were also revised to align the seasonally adjusted months with the annual totals. Services exports for November were virtually unrevised at $41.4 billion. Services imports for November were revised down $0.1 billion to $31.7 billion. The revision was more than accounted for by a downward revision_in_travel. Scheduled release dates through February 2009 are located on page 33

3 Annual Summary for Goods and Services For 2007, exports of $1,621.8 billion and imports of $2,333.4 billion resulted in a goods and services deficit of $711.6 billion, $46.9 billion less than the 2006 deficit of $758.5 billion. For goods, exports were $1,149.3 billion and imports were $1,964.9 billion, resulting in a goods deficit of $815.6 billion, $22.7 billion less than the 2006 deficit of $838.3 billion. For services, exports were $472.5 billion and imports were $368.5 billion, resulting in a services surplus of $104.0 billion, $24.2 billion more than the 2006 surplus of $79.7 billion. The goods and services deficit was $711.6 billion in 2007, down from $758.5 billion in As a percentage of U.S. gross domestic product, the goods and services deficit was 5.1 percent in 2007, down from 5.7 percent in Goods For 2007, on a Census basis, exports of goods were up $126.7 billion from Increases occurred in industrial supplies and materials ($39.6 billion); capital goods ($32.1 billion); foods, feeds, and beverages ($18.2 billion); consumer goods ($16.4 billion); automotive vehicles, parts, and engines ($13.8 billion); and other goods ($6.6 billion). For 2007, imports of services were $368.5 billion, up $25.7 billion from Increases occurred in other private services ($15.3 billion); travel ($4.3 billion); other transportation ($1.9 billion); royalties and license fees ($1.6 billion); direct defense expenditures ($1.5 billion); and passenger fares ($1.0 billion). U.S. Government miscellaneous services were virtually unchanged. For detailed descriptions of the types of transactions included in each of the services categories, see Information on Goods and Services starting on page 29 of this release. For 2007, on a Census basis, imports of goods were up $99.7 billion from Increases occurred in consumer goods ($32.3 billion); industrial supplies and materials ($28.9 billion); capital goods ($26.6 billion); foods, feeds, and beverages ($6.8 billion); other goods ($2.9 billion); and automotive vehicles, parts, and engines ($2.3 billion). Services For 2007, exports of services were $472.5 billion, up $49.9 billion from Increases occurred in other private services ($22.8 billion), which includes items such as business, professional, and technical services, insurance services, and financial services; travel ($12.1 billion); royalties and license fees ($8.1 billion); other transportation ($5.3 billion), which includes freight and port services; and passenger fares ($2.7 billion). A decrease occurred in transfers under U.S. military sales contracts ($1.2 billion). U.S. Government miscellaneous services were virtually unchanged.

4 TABLE OF CONTENTS Seasonally Adjusted Exhibit 1 U.S. International Trade in Goods and Services Exhibit 2 U.S. International Trade in Goods and Services Three-month Moving Averages Exhibit 3 U.S. Services by Major Category Exports Exhibit 4 U.S. Services by Major Category Imports Exhibit 5 U.S. Trade in Goods Exhibit 6 Exports and Imports of Goods by Principal End-Use Category Exhibit 7 Exports of Goods by End-Use Category and Commodity Exhibit 8 Imports of Goods by End-Use Category and Commodity Exhibit 9 Exhibit 10 Exhibit 11 Exports, Imports, and Balance of Goods, Petroleum and Non-Petroleum End-Use Category Totals Real Exports and Imports of Goods by Principal End-Use Category (2000 Chainweighted dollars) Real Exports, Imports, and Balance of Goods, Petroleum and Non-Petroleum End-Use Commodity Category Totals (2000 Chain-weighted dollars) Not Seasonally Adjusted Exhibit 12 U.S. Trade in Goods Exhibit 13 Exports and Imports of Goods by Principal End-Use Category Exhibit 14 Exports, Imports, and Balance of Goods by Selected Countries and Areas Exhibit 15 Exports and Imports of Goods by Principal SITC Commodities Exhibit 16 Exports, Imports, and Balance of Advanced Technology Products Exhibit 16a Exports, Imports, and Balance of Advanced Technology Products by Technology Group and Selected Countries and Areas Exhibit 17 Imports of Energy-Related Petroleum Products, Including Crude Oil Exhibit 18 Exports and Imports of Motor Vehicles and Parts by Selected Countries Information on Goods and Services

5 Notice Change to FT-900 Exhibit 18 Effective with the January 2008 U.S. International Trade in Goods and Services release on March 11, 2008, Exhibit 18 Exports and Imports of Motor Vehicles and Parts by Selected Countries will be revised. The composition of the three product groups will be aligned to better match the Bureau of Economic Analysis End-Use classification. New headings will read: Passenger Cars; Trucks, Buses, Special Purpose Vehicles; and Parts. Changes to Country Groupings and Areas Effective with the January 2008 U.S. International Trade in Goods and Services release on March 11, 2008, country groupings and areas will be revised to reflect changes for the Euro area and OPEC as specified below. Euro Area Cyprus and Malta will be added to the Euro area in exhibit 14 of the FT-900 report and exhibit 6 of the FT-900 supplement. These changes take effect with the January 2008 statistics. The statistics for prior time periods remain unchanged. OPEC In December 2007, Ecuador was reinstated as a member of OPEC. Ecuador will be added to OPEC in exhibit 14 of the FT-900 report and exhibits 3 and 6 of the FT-900 supplement. These changes take effect beginning with the revised December 2007 statistics. The statistics for prior time periods remain unchanged.

6 6 Part A: Seasonally Adjusted Exhibit 1. U.S. International Trade in Goods and Services In millions of dollars. Details may not equal totals due to seasonal adjustment and rounding. (R) - Revised. Balance Exports Imports Period Total Goods (1) Services Total Goods (1) Services Total Goods (1) Services 2005 Jan.- Dec. -714, ,149 72,778 1,283, , ,439 1,997,441 1,681, ,661 January -55,627-61,148 5, ,213 71,143 31, , ,291 25,549 February -57,506-63,410 5, ,666 71,265 31, , ,675 25,497 March -53,509-59,832 6, ,870 71,982 31, , ,815 25,565 April -56,259-62,187 5, ,571 74,789 31, , ,976 25,854 May -56,320-62,323 6, ,055 74,110 31, , ,433 25,942 June -58,092-64,013 5, ,258 74,169 32, , ,183 26,168 July -57,877-63,944 6, ,096 74,736 32, , ,680 26,293 August -58,024-64,109 6, ,439 76,043 32, , ,152 26,311 September -65,053-71,265 6, ,553 73,540 33, , ,806 26,801 October -67,078-73,403 6, ,308 75,907 33, , ,310 27,076 November -64,683-70,720 6, ,597 77,366 33, , ,087 27,194 December -64,347-70,793 6, ,439 79,579 33, , ,372 27, Jan.- Dec. -758, ,271 79,749 1,445,703 1,023, ,594 2,204,225 1,861, ,845 January -65,158-71,564 6, ,578 80,598 33, , ,162 27,574 February -62,377-67,900 5, ,551 80,913 33, , ,813 28,115 March -62,178-68,293 6, ,507 82,369 34, , ,662 28,023 April -62,336-68,598 6, ,733 82,317 34, , ,915 28,154 May -65,714-72,035 6, ,816 83,882 34, , ,917 28,613 June -64,527-70,643 6, ,026 86,259 34, , ,902 28,651 July -67,554-73,733 6, ,903 85,061 34, , ,794 28,663 August -67,606-74,272 6, ,612 87,375 35, , ,647 28,571 September -64,149-70,894 6, ,353 87,849 35, , ,743 28,759 October -58,165-65,492 7, ,611 88,203 36, , ,696 29,081 November -58,455-66,256 7, ,920 88,788 37, , ,044 29,331 December -60,306-68,590 8, ,092 89,495 37, , ,085 29, Jan.- Dec. -711, , ,970 1,621,808 1,149, ,468 2,333,420 1,964, ,498 January (R) -57,291-64,905 7, ,284 90,215 37, , ,120 29,455 February (R) -58,163-65,781 7, ,377 88,293 37, , ,074 29,466 March (R) -62,968-71,022 8, ,667 90,780 37, , ,802 29,833 April (R) -59,147-67,625 8, ,188 90,658 38, , ,283 30,052 May (R) -60,209-68,764 8, ,417 93,168 39, , ,932 30,694 June (R) -59,915-68,666 8, ,093 94,685 39, , ,351 30,657 July (R) -59,352-68,049 8, ,783 98,335 39, , ,384 30,751 August (R) -57,243-66,363 9, ,979 98,700 40, , ,063 31,159 September (R) -57,398-66,129 8, , ,083 40, , ,212 31,332 October (R) -58,049-67,222 9, , ,574 40, , ,795 31,654 November (R) -63,117-72,828 9, , ,772 41, , ,600 31,667 December -58,759-68,227 9, , ,078 41, , ,305 31,778 November data as published last month: -63,118-72,705 9, , ,951 41, , ,656 31,771 NOTE: (1) Data presented on a Balance of Payments (BOP) basis. For information on data sources and methodology, see the information section on page 29 of this release, or at or

7 7 Part A: Seasonally Adjusted Exhibit 2. U.S. International Trade in Goods and Services Three-month Moving Averages (R) - Revised. Month of Balance Exports Imports Moving Average Total Goods (1) Services Total Goods (1) Services Total Goods (1) Services 2005 January -56,417-61,654 5, ,220 70,333 30, , ,987 25,651 February -55,931-61,495 5, ,306 71,163 31, , ,657 25,580 March -55,547-61,463 5, ,917 71,464 31, , ,927 25,537 April -55,758-61,810 6, ,369 72,679 31, , ,489 25,639 May -55,363-61,448 6, ,499 73,627 31, , ,075 25,787 June -56,890-62,841 5, ,295 74,356 31, , ,197 25,988 July -57,430-63,427 5, ,470 74,339 32, , ,765 26,134 August -57,998-64,022 6, ,265 74,983 32, , ,005 26,257 September -60,318-66,440 6, ,363 74,773 32, , ,213 26,468 October -63,385-69,593 6, ,100 75,164 32, , ,756 26,729 November -65,605-71,796 6, ,819 75,604 33, , ,401 27,024 December -65,370-71,639 6, ,115 77,617 33, , ,256 27, January -64,729-71,026 6, ,871 79,181 33, , ,207 27,394 February -63,961-70,086 6, ,189 80,363 33, , ,449 27,701 March -63,237-69,252 6, ,212 81,293 33, , ,546 27,904 April -62,297-68,264 5, ,930 81,866 34, , ,130 28,097 May -63,409-69,642 6, ,352 82,856 34, , ,498 28,263 June -64,192-70,425 6, ,858 84,153 34, , ,578 28,473 July -65,932-72,137 6, ,915 85,067 34, , ,205 28,642 August -66,563-72,883 6, ,180 86,232 34, , ,114 28,628 September -66,436-72,966 6, ,956 86,762 35, , ,728 28,664 October -63,307-70,219 6, ,525 87,809 35, , ,028 28,804 November -60,256-67,547 7, ,628 88,280 36, , ,828 29,057 December -58,975-66,779 7, ,874 88,829 37, , ,608 29, January (R) -58,684-66,584 7, ,765 89,499 37, , ,083 29,366 February (R) -58,587-66,425 7, ,584 89,334 37, , ,760 29,411 March (R) -59,474-67,236 7, ,109 89,763 37, , ,999 29,585 April (R) -60,093-68,143 8, ,744 89,910 37, , ,053 29,784 May (R) -60,775-69,137 8, ,091 91,535 38, , ,672 30,193 June (R) -59,757-68,352 8, ,899 92,837 39, , ,189 30,468 July (R) -59,825-68,493 8, ,764 95,396 39, , ,889 30,701 August (R) -58,837-67,693 8, ,951 97,240 39, , ,933 30,856 September (R) -57,998-66,847 8, ,969 99,039 39, , ,887 31,081 October (R) -57,563-66,571 9, ,175 99,786 40, , ,357 31,382 November (R) -59,521-68,726 9, , ,476 40, , ,203 31,551 December -59,975-69,426 9, , ,475 41, , ,900 31,700 (1) Data presented on a Balance of Payments (BOP) basis. For information on data sources and methodology, see the information section on page 29 of this release, or at or 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 end month of the period. A moving average is useful in smoothing the volatile trade data so that trends can better be discerned.

8 8 Part A: Seasonally Adjusted Period Total Services Travel Exhibit 3. U.S. Services by Major Category--Exports In millions of dollars. Details may not equal totals due to seasonal adjustment and rounding. (R) - Revised. Passenger Fares Other Transportation Royalties and License Fees Other Private Services Transfers Under U.S. Military Sales Contracts U.S. Government Misc. Services 2005 Jan.-Dec. 388,439 81,799 20,970 41,334 59, ,301 19,539 1,087 January 31,070 6,489 1,578 3,235 4,940 13,189 1, February 31,401 6,667 1,608 3,242 4,930 13,214 1, March 31,888 6,774 1,663 3,447 4,913 13,376 1, April 31,782 7,001 1,729 3,453 4,856 13,127 1, May 31,945 6,975 1,763 3,368 4,850 13,259 1, June 32,089 6,950 1,735 3,429 4,862 13,417 1, July 32,360 6,746 1,877 3,402 4,910 13,433 1, August 32,396 6,719 1,814 3,404 4,943 13,713 1, September 33,013 6,946 1,855 3,428 4,982 13,976 1, October 33,401 6,923 1,826 3,616 5,065 14,353 1, November 33,231 6,682 1,736 3,640 5,083 14,538 1, December 33,860 6,927 1,785 3,670 5,074 14,705 1, Jan. - Dec. 422,594 85,694 22,187 46,297 62, ,771 17,112 1,155 January 33,980 7,091 1,867 3,650 4,980 14,756 1, February 33,638 6,836 1,739 3,611 4,967 14,853 1, March 34,138 6,918 1,791 3,777 4,976 15,136 1, April 34,416 7,035 1,769 3,928 5,017 15,172 1, May 34,934 7,169 1,790 3,898 5,061 15,485 1, June 34,767 7,008 1,769 3,928 5,117 15,497 1, July 34,842 7,194 1,893 3,820 5,201 15,277 1, August 35,237 7,155 1,887 4,024 5,272 15,427 1, September 35,504 7,178 1,916 3,872 5,342 15,729 1, October 36,408 7,247 1,898 3,857 5,437 16,532 1, November 37,132 7,378 1,927 3,956 5,488 16,853 1, December 37,597 7,485 1,940 3,976 5,519 17,056 1, Jan.-Dec. 472,468 97,791 24,865 51,594 70, ,614 15,950 1,157 January 37,069 7,350 1,871 4,012 5,526 16,746 1, February 37,084 7,340 1,885 3,982 5,547 16,801 1, March 37,887 7,607 1,950 4,163 5,572 17,133 1, April 38,530 7,699 1,991 4,185 5,779 17,494 1, May 39,249 7,893 2,036 4,254 5,866 17,707 1, June 39,408 7,992 2,039 4,252 5,924 17,838 1, July 39,448 8,212 2,050 4,294 5,931 17,560 1, August 40,279 8,589 2,098 4,362 5,973 17,882 1, September 40,063 8,530 2,168 4,337 6,018 17,641 1, October 40,827 8,844 2,229 4,461 6,068 17,891 1, November (R) 41,378 8,919 2,244 4,666 6,119 17,929 1, December 41,246 8,816 2,304 4,626 6,174 17,992 1, NOTE: For information on data sources, methodology, and details of what is included in each service category, see the information section on page 29 of this release, or at or

9 9 Part A: Seasonally Adjusted Exhibit 4. U.S. Services by Major Category--Imports In millions of dollars. Details may not equal totals due to seasonal adjustment and rounding. (R) - Revised. Period Total Services Travel Passenger Fares Other Transportation Royalties and License Fees Other Private Services Direct Defense Expenditures U.S. Government Misc. Services 2005 Jan.-Dec. 315,661 68,970 26,149 61,929 24,632 99,927 30,075 3,979 January 25,549 5,679 2,076 5,197 1,998 7,756 2, February 25,497 5,711 2,078 5,149 1,987 7,716 2, March 25,565 5,798 2,103 5,052 1,991 7,766 2, April 25,854 5,851 2,133 5,075 2,031 7,949 2, May 25,942 5,842 2,132 5,047 2,048 8,063 2, June 26,168 5,815 2,156 5,121 2,063 8,197 2, July 26,293 5,716 2,251 5,053 2,089 8,337 2, August 26,311 5,668 2,193 4,993 2,097 8,505 2, September 26,801 5,772 2,301 5,102 2,098 8,673 2, October 27,076 5,738 2,232 5,343 2,080 8,857 2, November 27,194 5,613 2,256 5,418 2,077 8,999 2, December 27,414 5,767 2,238 5,379 2,074 9,111 2, Jan.-Dec. 342,845 72,029 27,503 65,282 26, ,524 31,054 4,021 January 27,574 5,847 2,211 5,374 2,067 9,183 2, February 28,115 5,796 2,269 5,234 2,619 9,287 2, March 28,023 5,939 2,268 5,417 2,081 9,398 2, April 28,154 6,008 2,287 5,364 2,109 9,483 2, May 28,613 6,097 2,325 5,544 2,119 9,613 2, June 28,651 5,972 2,315 5,493 2,304 9,632 2, July 28,663 6,062 2,308 5,450 2,254 9,580 2, August 28,571 5,938 2,286 5,541 2,111 9,683 2, September 28,759 6,015 2,295 5,500 2,133 9,825 2, October 29,081 6,069 2,277 5,511 2,189 10,163 2, November 29,331 6,113 2,323 5,522 2,214 10,306 2, December 29,313 6,173 2,339 5,332 2,233 10,373 2, Jan.-Dec. 368,498 76,367 28,505 67,200 28, ,825 32,547 4,050 January 29,455 6,161 2,223 5,543 2,260 10,314 2, February 29,466 6,140 2,254 5,455 2,271 10,363 2, March 29,833 6,281 2,322 5,492 2,279 10,456 2, April 30,052 6,145 2,249 5,458 2,284 10,891 2, May 30,694 6,287 2,343 5,685 2,300 11,042 2, June 30,657 6,336 2,359 5,538 2,314 11,063 2, July 30,751 6,323 2,353 5,604 2,333 11,096 2, August 31,159 6,451 2,426 5,706 2,351 11,176 2, September 31,332 6,632 2,442 5,661 2,370 11,168 2, October 31,654 6,624 2,448 5,682 2,392 11,356 2, November (R) 31,667 6,481 2,501 5,721 2,413 11,422 2, December 31,778 6,506 2,585 5,655 2,437 11,478 2, NOTE: For information on data sources, methodology, and details of what is included in each service category, see the information section on page 29 of this release, or at or

10 10 Part A: Seasonally Adjusted Period Total Balance of Payments Basis Exhibit 5. U.S. Trade in Goods In millions of dollars. Details may not equal totals due to seasonal adjustment and rounding. (R) - Revised. Balance Exports Imports Total Census Basis Total Balance of Payments Basis Net Ajustments Total Census Basis Total Balance of Payments Basis Net Ajustments Total Census Basis 2005 Jan.- Dec. -787, , ,631-11, ,978 1,681,780 8,325 1,673,455 January -61,148-59,708 71, , , ,613 February -63,410-62,056 71, , , ,101 March -59,832-58,184 71, , , ,093 April -62,187-60,507 74, , , ,237 May -62,323-60,612 74,110-1,044 75, , ,767 June -64,013-62,376 74,169-1,040 75, , ,586 July -63,944-62,494 74, , , ,941 August -64,109-62,331 76,043-1,084 77, , ,457 September -71,265-69,515 73,540-1,001 74, , ,057 October -73,403-71,741 75, , , ,570 November -70,720-69,046 77, , , ,385 December -70,793-68,906 79,579-1,164 80, , , Jan.- Dec. -838, ,304 1,023,109-13,525 1,036,635 1,861,380 7,442 1,853,938 January -71,564-70,035 80, , , ,464 February -67,900-66,434 80, , , ,246 March -68,293-66,714 82, , , ,989 April -68,598-67,106 82, , , ,353 May -72,035-70,421 83,882-1,025 84, , ,328 June -70,643-69,103 86, , , ,335 July -73,733-72,002 85,061-1,102 86, , ,165 August -74,272-72,359 87,375-1,213 88, , ,947 September -70,894-69,005 87,849-1,284 89, , ,137 October -65,492-63,552 88,203-1,283 89, , ,038 November -66,256-64,019 88,788-1,610 90, , ,417 December -68,590-66,555 89,495-1,470 90, , , Jan.- Dec. -815, ,328 1,149,340-13,975 1,163,315 1,964,922 11,280 1,953,642 January (R) -64,905-63,077 90,215-1,248 91, , ,541 February (R) -65,781-64,233 88,293-1,014 89, , ,541 March (R) -71,022-68,170 90,780-1,372 92, ,802 1, ,322 April (R) -67,625-65,129 90,658-1,299 91, ,283 1, ,086 May (R) -68,764-66,320 93,168-1,246 94, ,932 1, ,735 June (R) -68,666-66,893 94,685-1,097 95, , ,674 July (R) -68,049-65,769 98,335-1,173 99, ,384 1, ,277 August (R) -66,363-64,267 98,700-1,078 99, ,063 1, ,044 September (R) -66,129-64, , , ,212 1, ,109 October (R) -67,222-65, ,574-1, , , ,850 November (R) -72,828-70, ,772-1, , , ,959 December -68,227-66, ,078-1, , , ,506 November data as published last month: -72,705-70, ,951-1, , , ,018 NOTE: For information on data sources, nonsampling errors, definitions and details concerning what is included in the Net Adjustments, see the information section on page 29 of this release, or at or

11 11 Part A: Seasonally Adjusted Exhibit 6. Exports and Imports of Goods by Principal End-Use Category In millions of dollars. Details may not equal totals due to seasonal adjustment and rounding. (R) - Revised. Period Total Balance of Payments Basis Net Adjustments Total Census Basis (1) Foods, Feeds, & Beverages Industrial Supplies (2) End-Use Commodity Category Capital Goods Automotive Vehicles, etc. Consumer Goods Other Goods Exports 2006 Jan.- Dec. 1,023,109-13,525 1,036,635 65, , , , ,982 43,589 January 80, ,429 5,179 20,912 32,979 8,761 10,331 3,267 February 80, ,811 5,076 20,927 33,250 8,791 10,254 3,514 March 82, ,275 5,206 22,239 33,541 8,575 10,515 3,199 April 82, ,247 5,193 22,325 33,581 8,605 10,328 3,216 May 83,882-1,025 84,907 5,399 23,070 33,893 8,543 10,685 3,316 June 86, ,232 5,543 23,556 34,815 8,959 10,872 3,487 July 85,061-1,102 86,163 5,571 22,913 33,877 9,386 10,916 3,501 August 87,375-1,213 88,588 5,844 23,534 34,866 9,333 11,227 3,784 September 87,849-1,284 89,133 5,744 24,457 35,173 8,829 10,865 4,065 October 88,203-1,283 89,486 5,737 24,306 35,479 8,815 11,214 3,937 November 88,788-1,610 90,398 5,597 24,024 36,086 9,106 11,343 4,242 December 89,495-1,470 90,965 5,874 23,781 36,356 9,459 11,434 4, Jan.- Dec. 1,149,340-13,975 1,163,315 84, , , , ,387 50,167 January (R) 90,215-1,248 91,463 5,981 23,699 36,834 8,903 11,858 4,188 February (R) 88,293-1,014 89,307 6,304 23,581 34,718 9,071 11,495 4,138 March (R) 90,780-1,372 92,152 5,958 24,670 35,140 9,882 11,813 4,688 April (R) 90,658-1,299 91,957 6,543 24,998 34,511 9,815 11,952 4,138 May (R) 93,168-1,246 94,415 6,577 25,712 36,426 9,777 12,024 3,899 June (R) 94,685-1,097 95,781 6,567 26,869 36,523 9,894 11,849 4,079 July (R) 98,335-1,173 99,508 6,888 26,420 38,411 11,333 12,356 4,100 August (R) 98,700-1,078 99,777 7,435 27,181 38,186 10,380 12,521 4,075 September (R) 100, ,987 8,280 27,890 37,788 10,450 12,848 3,729 October (R) 100,574-1, ,620 7,677 27,697 39,070 10,451 12,447 4,278 November (R) 100,772-1, ,205 8,068 27,957 38,205 10,921 12,331 4,723 December 103,078-1, ,143 7,933 28,946 40,175 10,065 12,893 4,131 Imports 2006 Jan.- Dec. 1,861,380 7,442 1,853,938 74, , , , ,595 59,487 January 152, ,464 6,188 50,203 33,853 21,492 34,861 4,866 February 148, ,246 5,959 48,964 32,820 21,197 34,485 4,821 March 150, ,989 6,301 46,963 34,412 21,006 36,449 4,858 April 150, ,353 6,137 48,536 34,229 21,264 35,442 4,744 May 155, ,328 6,081 52,712 34,592 21,049 36,093 4,803 June 156, ,335 6,084 51,897 34,729 21,886 36,809 4,929 July 158, ,165 6,198 53,880 35,180 21,072 36,920 4,915 August 161, ,947 6,414 55,012 35,762 21,327 37,424 5,007 September 158, ,137 6,352 51,867 35,766 21,204 37,920 5,029 October 153, ,038 6,390 46,758 35,495 21,102 38,089 5,204 November 155, ,417 6,378 46,938 35,704 21,428 38,820 5,148 December 158, ,519 6,455 48,257 35,730 22,631 39,283 5, Jan.- Dec. 1,964,922 11,280 1,953,642 81, , , , ,864 62,419 January (R) 155, ,541 6,582 47,996 36,443 20,412 38,197 4,910 February (R) 154, ,541 6,598 44,528 36,690 20,833 39,712 5,180 March (R) 161,802 1, ,322 6,836 49,711 36,175 22,126 40,441 5,033 April (R) 158,283 1, ,086 6,584 50,162 35,680 21,079 38,778 4,802 May (R) 161,932 1, ,735 6,758 52,524 36,576 20,508 39,258 5,111 June (R) 163, ,674 6,726 52,814 37,162 21,503 39,275 5,195 July (R) 166,384 1, ,277 6,933 53,838 37,143 22,595 39,494 5,273 August (R) 165,063 1, ,044 6,991 52,853 37,412 22,140 39,258 5,390 September (R) 166,212 1, ,109 6,984 52,723 38,188 22,330 39,534 5,350 October (R) 167, ,850 6,853 54,504 37,671 22,484 40,001 5,337 November (R) 173, ,959 7,038 59,212 37,885 22,522 40,705 5,597 December 171, ,506 6,827 60,004 37,804 20,421 40,210 5,241 (1) Detailed data are presented on a Census basis. The information needed to convert to a BOP basis is not available. (2) Includes petroleum and petroleum products. NOTE: For information on data sources, nonsampling errors and definitions, see the information section on page 29 of this release, or at or

12 12 Part A: Seasonally Adjusted Exhibit 7. Exports of Goods by End-Use Category and Commodity In millions of dollars. Details may not equal totals due to seasonal adjustment and rounding. The commodities in this exhibit are ranked on the month-tomonth change within each major commodity grouping. (-) Represents zero or less than one half of measurement shown. (R) - Revised. Item (1) December November Monthly Annual Annual Annual (R) Change Change Total, Balance of Payments Basis 103, ,772 2,306 1,149,340 1,023, ,230 Net Adjustments -1,065-1, ,975-13, Total, Census Basis 104, ,205 1,938 1,163,315 1,036, ,680 Foods, feeds, and beverages 7,933 8, ,209 65,962 18,247 Wheat ,459 4,257 4,203 Soybeans 1, ,469 7,288 3,181 Corn 943 1, ,202 8,226 2,976 Meat, poultry, etc ,792 7,831 1,961 Dairy products and eggs ,450 1, Animal feeds, n.e.c ,551 3, Oilseeds, food oils ,035 1, Other foods ,264 6, Fruits, frozen juices ,196 5, Sorghum, barley, oats , Vegetables ,318 3, Bakery products ,452 2, Nuts ,448 3, Alcoholic beverages, excluding wine , Rice ,478 1, Wine, beer, and related products ,216 1, Nonagricultural foods, etc ,119 1, Fish and shellfish ,370 4, Industrial supplies and materials 28,946 27, , ,045 39,575 Nonmonetary gold 1, ,324 8,783 4,541 Chemicals-organic 2,906 2, ,349 27,117 4,231 Plastic materials 2,603 2, ,055 25,125 3,931 Fuel oil 2,092 1, ,302 12,061 3,241 Steelmaking materials ,955 6,802 3,153 Petroleum products, other 1,913 2, ,563 17,317 2,246 Chemicals-other 1,702 1, ,365 18,653 1,712 Iron and steel mill products ,845 7,281 1,564 Precious metals, other ,481 7,042 1,439 Nonferrous metals, other ,986 6,601 1,384 Finished metal shapes 1,268 1, ,241 13,941 1,300 Pulpwood and woodpulp ,110 5,908 1,202 Newsprint 966 1, ,523 10, Chemicals-fertilizers ,274 5, Other industrial supplies 1,620 1, ,778 18, Gas-natural ,069 2, Aluminum and alumina ,022 7, Copper ,380 4, Iron and steel products, other ,765 5, Nuclear fuel materials ,430 1, Agric. industry-unmanufactured ,116 1, Natural gas liquids ,103 1, Synthetic rubber-primary ,604 3, Shingles, molding, wallboard ,432 3, Mineral supplies-manufactured ,919 4, Metallurgical grade coal ,945 2, Chemicals-inorganic ,029 6, Coal and fuels, other ,682 1, Industrial rubber products ,240 2, Agric. farming-unmanufactured ,090 1, Glass-plate, sheet, etc ,474 1, Agriculture-manufactured, other ,914 1, Crude oil Hides and skins ,182 2, Logs and lumber ,721 4, Manmade cloth ,859 5, Leather and furs ,151 1, Cotton, raw ,591 4, Tobacco, unmanufactured ,202 1, Hair, waste materials Wood supplies, manufactured (-) 1,278 1, Nontextile floor tiles Nonmetallic minerals (-) Electric energy , Finished textile supplies ,464 2, Cotton fiber cloth ,857 3, Tapes, audio and visual ,796-1,212

13 13 Part A: Seasonally Adjusted Exhibit 7. Exports of Goods by End-Use Category and Commodity--continued Item (1) December November Monthly Annual Annual Annual (R) Change Change Capital goods, except automotive 40,175 38,205 1, , ,894 32,093 Civilian aircraft 5,425 4,075 1,350 48,876 40,832 8,044 Industrial machines, other 3,366 3, ,301 32,697 5,604 Industrial engines 1,854 2, ,102 15,977 3,125 Telecommunications equipment 2,904 2, ,392 28,322 3,071 Excavating machinery 1,102 1, ,761 9,871 2,890 Business machines and equipment ,392 2,702 2,690 Engines-civilian aircraft 1,788 1, ,520 16,951 2,570 Computers 1,119 1, ,506 11,470 2,036 Materials handling equipment 1,129 1, ,954 9,920 2,034 Drilling & oilfield equipment 1, ,611 10,780 1,831 Measuring, testing, control instruments 1,759 1, ,598 19,152 1,446 Parts-civilian aircraft 1,650 1, ,782 17,387 1,395 Electric apparatus 2,489 2, ,061 29,804 1,257 Medicinal equipment 2,035 2, ,848 22,708 1,140 Photo, service industry machinery ,167 8, Agricultural machinery, equipment ,253 5, Generators, accessories ,398 9, Laboratory testing instruments ,123 7, Food, tobacco machinery ,604 2, Nonfarm tractors and parts ,102 1, Specialized mining , Marine engines, parts ,268 1, Textile, sewing machines (-) 1,384 1, Railway transportation equipment ,014 2, Commercial vessels, other Vessels, excluding scrap Spacecraft, excluding military Wood, glass, plastic ,510 3, Pulp and paper machinery ,697 2, Semiconductors 4,658 4, ,189 52,430-2,241 Metalworking machine tools ,712 9,498-2,786 Computer accessories 2,283 2, ,369 36,110-6,741 Automotive vehicles, parts, and engines 10,065 10, , ,161 13,782 Consumer goods 12,893 12, , ,982 16,405 Pharmaceutical preparations 2,797 2, ,014 30,919 4,095 Gem diamonds 1,268 1, ,328 9,986 2,341 Toys, games, and sporting goods 919 1, ,265 9,045 2,221 Artwork, antiques, stamps, etc ,492 5,953 1,539 Records, tapes, and disks ,955 3,543 1,411 Other household goods 1,328 1, ,441 14,078 1,363 Toiletries and cosmetics ,598 6, Jewelry, etc ,968 6, Musical instruments ,109 1, Pleasure boats and motors ,139 2, Furniture, household goods, etc ,573 3, Books, printed matter ,548 5, Writing and art supplies ,157 5, Household appliances ,926 6, Cookware, cutlery, tools , Apparel,household goods-nontextile ,943 1, Numismatic coins Glassware, chinaware Nursery stock, etc Stereo equipment, etc ,467 2,460 6 Rugs ,014 1,008 5 Sports apparel and gear TV's, VCR's, etc ,852 4, Tobacco, manufactured ,157 1, Apparel, household goods - textile ,718 5, Other goods 4,131 4, ,167 43,589 6,578 (1) Detailed data are presented on a Census basis. The information needed to convert to a BOP basis is not available. NOTE: For information on data sources, nonsampling errors and definitions, see the information section on page 29 of this release, or at or

14 14 Part A: Seasonally Adjusted Exhibit 8. Imports of Goods by End-Use Category and Commodity In millions of dollars. Details may not equal totals due to seasonal adjustment and rounding. The commodities in this exhibit are ranked on the month-tomonth change within each major commodity grouping. (-) Represents zero or less than one half of measurement shown. (R) - Revised. Item (1) December November Monthly Annual Annual Annual (R) Change Change Total, Balance of Payments Basis 171, ,600-2,295 1,964,922 1,861, ,542 Net Adjustments ,280 7,442 3,839 Total, Census Basis 170, ,959-2,452 1,953,642 1,853,938 99,704 Foods, feeds, and beverages 6,827 7, ,709 74,938 6,772 Fruits, frozen juices ,033 7,543 1,490 Feedstuff and foodgrains ,943 2, Food oils, oilseeds ,378 2, Vegetables ,211 6, Alcoholic beverages, excluding wine ,552 4, Other foods ,531 7, Meat products ,011 7, Wine, beer, and related products ,358 7, Green coffee ,237 2, Bakery products ,016 5, Fish and shellfish 1,077 1, ,556 13, Tea, spices, etc , Dairy products and eggs ,580 1, Nuts ,223 1, Nonagricultural foods, etc Cocoa beans Cane and beet sugar , Industrial supplies and materials 60,004 59, , ,988 28,882 Crude oil 26,857 25,226 1, , ,627 20,741 Fuel oil 2,979 2, ,333 27,072 4,261 Petroleum products, other 4,382 4, ,368 44,232 4,136 Other precious metals ,101 8,326 2,775 Chemicals-fertilizers ,516 7,683 1,833 Nuclear fuel materials ,545 3,989 1,555 Nickel ,727 3,216 1,511 Industrial supplies, other 2,027 2, ,509 22,408 1,101 Steelmaking materials ,264 6, Finished metal shapes 1,432 1, ,036 16, Iron and steel products, n.e.c ,181 8, Nonferrous metals, other ,723 3, Pulpwood and woodpulp ,744 3, Electric energy ,713 2, Zinc ,782 2, Chemicals-other, n.e.c ,539 8, Tobacco, waxes, etc ,296 4, Chemicals-inorganic ,204 5, Chemicals-organic 1,814 1, ,159 18, Iron and steel, advanced ,824 7, Finished textile supplies ,573 3, Synthetic cloth ,632 5, Farming materials, livestock ,189 1, Tin Natural rubber ,126 2, Sulfur, nonmetallic minerals Hair, waste materials Wool, silk, etc Hides and skins Cotton, natural fibers Leather and furs Materials, excluding chemicals ,361 1, Synthetic rubber--primary ,972 2, Glass-plate, sheet, etc ,186 1, Gas-natural 1,515 1, ,151 28, Nontextile floor tiles ,794 2, Plywood and veneers ,924 3, Coal and related fuels ,492 2, Paper and paper products ,962 8, Cotton cloth, fabrics ,487 1, Liquefied petroleum gases 1,737 1, ,162 14, Copper ,772 8, Stone, sand, cement, etc ,296 6, Plastic materials 1,137 1, ,830 13, Newsprint ,384 3, Nonmonetary gold ,627 5,643-1,017 Bauxite and aluminum 999 1, ,468 14,530-1,062 Lumber ,773 8,698-1,925 Blank tapes, audio & visual ,152 4,400-2,248 Shingles, wallboard ,975 12,226-2,252 Iron and steel mill products 1,311 1, ,505 22,370-3,865

15 15 Part A: Seasonally Adjusted Exhibit 8. Imports of Goods by End-Use Category and Commodity--continued Item (1) December November Monthly Annual Annual Annual (R) Change Change Capital goods, except automotive 37,804 37, , ,271 26,558 Computers 3,842 3, ,919 33,771 7,148 Industrial machines, other 3,070 3, ,849 29,066 5,783 Telecommunications equipment 3,876 4, ,355 40,250 4,105 Generators, accessories 1,581 1, ,476 16,281 3,194 Civilian aircraft 1,066 1, ,290 10,607 2,683 Electric apparatus 3,026 2, ,558 33,556 2,002 Drilling & oilfield equipment ,075 6,130 1,946 Engines-civilian aircraft 1,033 1, ,883 11,156 1,726 Parts-civilian aircraft ,261 6,622 1,639 Industrial engines 1,366 1, ,726 14,090 1,636 Medicinal equipment 2,104 2, ,839 23,241 1,598 Measuring, testing, control instruments 1,229 1, ,609 13,363 1,245 Laboratory testing instruments ,659 3, Agricultural machinery, equipment ,110 6, Food, tobacco machinery ,360 2, Pulp and paper machinery ,523 5, Textile, sewing machines ,344 1, Marine engines, parts , Commercial vessels, other Specialized mining Spacecraft, excluding military Nonfarm tractors and parts ,626 1,629-3 Vessels, except scrap (-) (-) (-) (-) Railway transportation equipment ,553 1, Materials handling equipment ,482 11, Wood, glass, plastic ,397 6, Semiconductors 2,229 2, ,612 27, Photo, service industry machinery 1,124 1, ,911 14, Metalworking machine tools ,684 9, Business machines and equipment ,739 8, Excavating machinery ,737 10,358-1,621 Computer accessories 5,152 5, ,056 67,575-4,519 Automotive vehicles, parts, and engines 20,421 22,522-2, , ,660 2,292 Consumer goods 40,210 40, , ,595 32,269 Pharmaceutical preparations 5,682 5, ,679 64,366 7,313 Toys, games, and sporting goods 3,117 2, ,362 28,790 5,572 Other household goods 4,796 5, ,001 51,870 4,132 TV's, VCR's, etc 3,863 3, ,817 35,869 3,948 Artwork, antiques, stamps, etc , ,863 8,674 2,189 Apparel, household goods - cotton 4,249 4, ,861 48,712 2,149 Records, tapes, and disks ,334 1,280 2,054 Gem diamonds 1,773 1, ,952 17,291 1,660 Household appliances 1,582 1, ,796 18,436 1,360 Writing and art supplies 1,131 1, ,143 12, Photo equipment ,439 6, Footwear 1,271 1, ,256 14, Furniture, household goods, etc. 2,113 2, ,145 24, Toiletries and cosmetics ,337 5, Apparel, textiles, nonwool or cotton 2,644 2, ,611 31, Jewelry 1,145 1, ,550 13, Books, printed matter ,638 4, Apparel, household goods - wool ,854 3, Apparel,household goods-nontextile ,024 7, Cookware, cutlery, tools ,608 6, Gem stones, other ,696 2, Nursery stock, etc (-) 1,549 1, Numismatic coins Rugs ,120 2, Glassware, chinaware ,370 2, Pleasure boats and motors ,953 2, Musical instruments ,619 1, Camping apparel and gear ,783 7, Motorcycles and parts ,084 4, Stereo equipment, etc ,075 10,391-2,316 Other goods 5,241 5, ,419 59,487 2,932 (1) Detailed data are presented on a Census basis. The information needed to convert to a BOP basis is not available. NOTE: For information on data sources, nonsampling errors and definitions, see the information section on page 29 of this release, or at or

16 16 Part A: Seasonally Adjusted Exhibit 9. Exports, Imports, and Balance of Goods, Petroleum and Non-Petroleum End-Use Category Totals In millions of dollars. Details may not equal totals due to seasonal adjustment and rounding. (R) - Revised. Balance Exports Imports Period Total Net Adjustments Petroleum (1) Total Net Adjustments Petroleum (1) Total Net Adjustments Petroleum (1) Nonpetroleum Nonpetroleum Nonpetroleum 2006 Jan.- Dec. -838,271-20, , ,442 1,023,109-13,525 31,568 1,005,066 1,861,380 7, ,430 1,551,509 January -71,564-1,529-23,319-46,715 80, ,054 79, , , ,090 February -67,900-1,466-22,981-43,453 80, ,089 79, , , ,176 March -68,293-1,579-20,490-46,224 82, ,429 80, , , ,071 April -68,598-1,492-21,195-45,911 82, ,749 80, , , ,410 May -72,035-1,614-25,453-44,968 83,882-1,025 2,521 82, , , ,354 June -70,643-1,540-24,182-44,922 86, ,614 84, , , ,539 July -73,733-1,732-25,357-46,645 85,061-1,102 2,800 83, , , ,008 August -74,272-1,913-25,999-46,360 87,375-1,213 2,563 86, , , ,385 September -70,894-1,889-22,527-46,478 87,849-1,284 3,523 85, , , ,088 October -65,492-1,941-18,809-44,743 88,203-1,283 3,044 86, , , ,185 November -66,256-2,237-19,382-44,637 88,788-1,610 2,763 87, , , ,273 December -68,590-2,036-21,169-45,386 89,495-1,470 2,420 88, , , , Jan.- Dec. -815,582-25, , ,796 1,149,340-13,975 37,700 1,125,615 1,964,922 11, ,231 1,622,411 January (R) -64,905-1,828-22,215-40,862 90,215-1,248 2,624 88, , , ,701 February (R) -65,781-1,548-18,660-45,573 88,293-1,014 2,453 86, , , ,427 March (R) -71,022-2,852-22,413-45,757 90,780-1,372 2,571 89, ,802 1,480 24, ,338 April (R) -67,625-2,497-22,460-42,669 90,658-1,299 2,569 89, ,283 1,197 25, ,056 May (R) -68,764-2,444-23,873-42,447 93,168-1,246 2,718 91, ,932 1,198 26, ,143 June (R) -68,666-1,773-23,521-43,372 94,685-1,097 3,083 92, , , ,071 July (R) -68,049-2,281-24,037-41,732 98,335-1,173 3,250 96, ,384 1,108 27, ,990 August (R) -66,363-2,096-24,189-40,078 98,700-1,078 3,123 96, ,063 1,019 27, ,733 September (R) -66,129-2,007-24,228-39, , ,138 97, ,212 1,103 27, ,743 October (R) -67,222-1,991-26,383-38, ,574-1,046 3,272 98, , , ,195 November (R) -72,828-2,075-30,034-40, ,772-1,433 4,461 97, , , ,464 December -68,227-1,864-31,518-34, ,078-1,065 4,438 99, , , ,550 (1) The petroleum products aggregated in the end-use commodity classification system include virtually the same energy related petroleum products as those aggregated in the SITC. The end-use petroleum products, however, include some products such as ethane, butane, benzene, and toluene which are included in "Manufactured Goods". NOTE: For information on data sources, nonsampling errors, definitions and details concerning what is included in the Net Adjustments, see the information section on page 29 of this release, or at or