This release contains sensitive economic data not to be released before 8:30 a.m. Tuesday, June 20, 2000 CB-00-94 Press Copy FT-900 (00-04) 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 April 2000 Goods and Services The Bureau of the Census and the Bureau of Economic Analysis, through the Department of Commerce, announced today that total April exports of $86.7 billion and imports of $117.1 billion resulted in a goods and services deficit of $30.4 billion, $0.2 billion less than the deficit of $30.6 billion in March, revised. April exports were virtually unchanged from March. April imports were $0.2 billion less than March imports of $117.3 billion. In April, the goods deficit decreased $0.2 billion from March to $36.9 billion, and the services surplus was virtually unchanged at $6.5 billion. Exports of goods increased to $62.6 billion from $62.5 billion, and imports of goods decreased to $99.5 billion from $99.7 billion. Exports of services decreased to $24.1 billion from $24.2 billion, and imports of services decreased to $17.6 billion from $17.7 billion. Goods The March to April change in exports of goods reflected an increase in capital goods of $2.0 billion (primarily civilian aircraft). Decreases occurred in industrial supplies and materials ($0.9 billion); automotive vehicles, parts, and engines ($0.5 billion); other goods ($0.4 billion); consumer goods ($0.2 billion); and foods, feeds, and beverages ($0.1 billion). The March to April change in imports of goods reflected increases in capital goods of $0.9 billion (primarily computers, computer accessories, and telecommunications equipment); consumer goods ($0.4 billion); and automotive vehicles, parts, and engines ($0.1 billion). Decreases occurred in industrial supplies and materials ($1.1 billion) and foods, feeds, and beverages ($0.1 billion). Other goods were virtually unchanged. Services Services exports decreased $0.1 billion from March to April. The decrease was more than accounted for by decreases in other private services and passenger fares. Changes in the other categories of services exports were small. Services imports decreased $0.1 billion from March to April. A decrease in other transportation more than accounted for the drop and was partly offset by small increases in most other categories of services imports. Goods and Services Moving Average For the three months ending in April, exports of goods and services averaged $86.1 billion, while imports of goods and services averaged $115.8 billion, resulting in an average trade deficit of $29.7 billion. For the three months ending in March, the average trade deficit was $28.7 billion, reflecting average exports of $85.0 billion and average imports of $113.7 billion. Selected Not Seasonally Adjusted Goods Details The April figures showed surpluses, in billions of dollars, with Australia $0.6 (for March $0.6), Hong Kong $0.4 ($0.5), Argentina $0.2 ($0.2), Egypt $0.1 ($0.1), and Brazil $0.0 ($0.1). Deficits were recorded, in billions of dollars, with Japan -$7.3 (-$6.8), China -$5.8 (-$5.1), Western Europe -$4.6 (-$5.9), Canada -$3.9 (-$3.5), OPEC -$3.5 (-$4.2), Mexico -$1.5 (-$1.9), Taiwan -$1.2 (-$1.2), Korea-$0.5 (-$0.7), and Singapore -$0.1 ($0.2). Advanced technology products (ATP) exports were $18.0 billion in April and imports were $16.5 billion, resulting in a surplus of $1.5 billion. April exports were $0.7 billion less than the $18.7 billion in March, while imports were $1.0 billion less than the $17.6 billion in March. Revisions Goods carry-over in April was $0.7 billion (1.1 percent) for exports and $0.6 billion (0.6 percent) for imports. For March, revised export carry-over was $0.2 billion (0.3 percent), revised down from $1.3 billion (1.9 percent). For March, revised import carry-over was $0.1 billion (0.1 percent), revised down from $1.0 billion (1.0 percent). Services exports for the month of March and for all months shown in this release reflect the incorporation of annual revisions to the U.S. international transactions accounts. See the "Notice" on page 4 of this release for a description of the revisions to services exports and imports. 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-00-94), Bureau of the Census, Foreign Trade Division, April 2000. For more information, contact Haydn R. Mearkle (301-457-2246) or Nick Orsini (301-457-2311), Foreign Trade Division.