United States Department of COMMERCE NEWS Washington, D.C. 20230 ECONOMICS AND STATISTICS ADMINISTRATION ------------ Bureau of the Census Bureau of Economic Analysis This release contains sensitive economic data not to be released before 8:30 a.m. Tuesday, November 21, 2000 CB-00-196 Press Copy FT-900 (00-09) 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 September 2000 Goods and Services The Bureau of the Census and the Bureau of Economic Analysis, through the Department of Commerce, announced today that total September exports of $92.4 billion and imports of $126.6 billion resulted in a goods and services deficit of $34.3 billion, $4.5 billion more than the $29.8 billion in August, revised. September exports were $0.6 billion less than August exports of $93.0 billion. September imports were $3.8 billion more than August imports of $122.8 billion. In September, the goods deficit increased $3.5 billion from August to $40.2 billion, and the services surplus decreased $0.9 billion to $5.9 billion. Exports of goods decreased to $67.3 billion from $68.0 billion, and imports of goods increased to $107.5 billion from $104.7 billion. Exports of services were virtually unchanged at $25.0 billion, and imports of services increased to $19.1 billion from $18.1 billion. Goods The August to September change in exports of goods reflected decreases in automotive vehicles, parts, and engines ($0.5 billion); capital goods ($0.3 billion); other goods ($0.2 billion); foods, feeds, and beverages ($0.1 billion); and consumer goods ($0.1 billion). An increase occurred in industrial supplies and materials ($0.4 billion). The August to September change in imports of goods reflected increases in industrial supplies and materials ($1.4 billion); capital goods ($0.8 billion); and consumer goods ($0.5 billion). A decrease occurred in other goods ($0.1 billion). Automotive vehicles, parts, and engines and foods, feeds, and beverages were virtually unchanged. Services Services exports in September were virtually the same as in August. Changes in all categories of services exports were small and nearly offsetting. Services imports increased $1.0 billion from August to September. Royalties and license fees increased $0.7 billion, reflecting payments for the rights to broadcast the 2000 Summer Olympic Games. Other transportation, travel, and other private services each increased $0.1 billion. Changes in the other categories of services imports were small. Goods and Services Moving Average For the three months ending in September, exports of goods and services averaged $91.7 billion, while imports of goods and services averaged $123.6 billion, resulting in an average trade deficit of $31.9 billion. For the three months ending in August, the average trade deficit was $30.4 billion, reflecting average exports of $91.3 billion and average imports of $121.7 billion. Selected Not Seasonally Adjusted Goods Details The September figures showed surpluses, in billions of dollars, with Australia $0.4 (for August $0.5), Brazil $0.3 ($0.0), Egypt $0.2 ($0.2), Argentina $0.1 ($0.1), and Hong Kong $0.1 ($0.2). Deficits were recorded, in billions of dollars, with China -$8.7 (-$8.6), Japan -$6.1 (-$6.8), Canada -$4.7 (-$4.3), Western Europe -$4.4 (-$5.2), OPEC -$4.2 (-$4.4), Mexico -$2.7 (-$1.9), Taiwan -$1.7 (-$1.4), Korea -$1.2 (-$1.2), and Singapore -$0.0 (-$0.2). Advanced technology products (ATP) exports were $20.1 billion in September and imports were $21.2 billion, resulting in a deficit of $1.1 billion. September exports were $0.4 billion more than the $19.7 billion in August, while imports were $1.1 billion more than the $20.1 billion in August. Revisions Goods carry-over in September was $0.5 billion (0.7 percent) for exports and $1.1 billion (1.0 percent) for imports. For August, revised export carry-over was $0.2 billion (0.3 percent), revised down from $0.6 billion (1.0 percent). For August, revised import carry-over was $0.2 billion (0.2 percent), revised down from $0.7 billion (0.7 percent). Services exports for August were revised down $0.1 billion to $25.0 billion; the revision was mainly accounted for by a small downward revision in other private services. Services imports for August were virtually unrevised at $18.1 billion. Scheduled Release Dates In 2001 are Located on Page 29 Table of Contents September 1995 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-00-196), Bureau of the Census, Foreign Trade Division, September 2000. For more information, contact Haydn R. Mearkle (301-457-2246) or Nick Orsini (301-457-2311), Foreign Trade Division.