BEA News Release

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This release contains sensitive economic data not to be released before
8:30 a.m. Thursday, January 20, 2000

CB-00-13 Press Copy
FT-900 (99-11) 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
November 1999

Goods and Services

The Bureau of the Census and the Bureau of Economic Analysis, through the
Department of Commerce, announced today that total November exports of
$82.9 billion and imports of $109.4 billion resulted in a goods and services
deficit of $26.5 billion, $0.9 billion more than the deficit of $25.6 billion in October, revised.
November exports were $0.6 billion more than October exports of $82.3 billion. November
imports were $1.5 billion more than October imports of $107.9 billion.

In November, the goods deficit increased $0.6 billion from October to
$32.4 billion, and the services surplus decreased $0.3 billion to $5.9
billion. Exports of goods increased to $59.5 billion from $58.9 billion,
and imports of goods increased to $92.0 billion from $90.7 billion. Exports
of services decreased to $23.3 billion from $23.4 billion and imports of
services increased to $17.4 billion from $17.2 billion.

Goods

The October to November change in exports of goods reflected increases in
industrial supplies and materials of $0.5 billion (primarily nonmonetary
gold); capital goods ($0.2 billion); and consumer goods ($0.2 billion).
Decreases occurred in other goods ($0.3 billion); foods, feeds, and beverages
($0.2 billion); and automotive vehicles, parts, and engines ($0.1 billion).

The October to November change in imports of goods reflected increases in
automotive vehicles, parts, and engines of $0.5 billion (primarily passenger
cars); capital goods ($0.3 billion); consumer goods ($0.2 billion); and foods,
feeds, and beverages ($0.1 billion). Decreases occurred in other goods ($0.2
billion) and in industrial supplies and materials ($0.1 billion). Note:
Total goods are reported on a balance of payments basis; commodity and country
detail for goods are on a Census basis. Definitions are explained in the
notes starting on page 26 of this release.

Services

Services exports decreased $0.1 billion from October to November. The
decrease was more than accounted for by a small decrease in travel. Services
imports increased $0.3 billion from October to November, reflecting small
increases in nearly all categories.

Goods and Services Moving Average

For the three months ending in November, exports of goods and services
averaged $82.4 billion, while imports of goods and services averaged $107.8
billion, resulting in an average trade deficit of $25.4 billion. For the
three months ending in October, the average trade deficit was $24.6 billion,
reflecting average exports of $82.2 billion and average imports of $106.7
billion.

Selected Not Seasonally Adjusted Goods Details

The November figures showed surpluses, in billions of dollars, with Australia
$0.8 (for October $0.8), Brazil $0.2 ($0.4), Argentina $0.2 ($0.2), Egypt
$0.2 ($0.2), and Hong Kong $0.2 ($0.0). Deficits were recorded, in billions
of dollars, with China -$6.5 (-$7.2), Japan -$6.4 (-$7.2), Western Europe
-$5.5 (-$5.0), Canada -$3.3 (-$2.9), OPEC -$2.8 (-$2.7), Mexico -$1.7 (-$1.4),
Taiwan -$1.6 (-$1.1), Korea -$1.2 (-$1.0), and Singapore -$0.3 (-$0.2).

Advanced technology products (ATP) exports were $16.2 billion in November
and imports were $16.8 billion, resulting in a deficit of $0.6 billion.
November exports were $1.2 billion less than the $17.5 billion in October,
while imports were $0.1 billion more than the $16.7 billion in October.

Revisions

Goods carry-over in November was $1.0 billion (1.6 percent) for exports and
$1.3 billion (1.4 percent) for imports. For October, revised export carry-
over was $0.1 billion (0.2 percent), revised down from $1.0 billion (1.6
percent). For October, revised import carry-over was $0.1 billion (0.1
percent), revised down from $0.9 billion (1.0 percent). Services exports
for October were revised up $0.2 billion to $23.4 billion. The revision
was primarily attributable to travel and reflects the incorporation of
updated source data. Services imports for October were virtually unrevised
at $17.2 billion.

Scheduled Release Dates In 2000 are Located on Page 29

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-00-13), Bureau of the Census, Foreign Trade
Division, November 1999. For more information, contact Haydn R.
Mearkle (301-457-2246) or Nick Orsini (301-457-2311), Foreign
Trade Division.