PART A: SEASONALLY ADJUSTED EXHIBIT 2. U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES THREE MONTH MOVING AVERAGES -- JANUARY 2001 TO December 2003 (In millions of dollars. Details may not equal totals due to seasonal adjustments and rounding. (R) Revised.) Balance Center Month of Moving Averages Total Goods (1) Services 2001 January --- --- --- February -31,147 -37,575 6,428 March -30,352 -36,641 6,289 April -30,611 -36,628 6,017 May -29,819 -35,723 5,905 June -29,356 -35,369 6,013 July -29,254 -35,369 6,115 August -29,681 -35,440 5,759 September -29,983 -35,403 5,420 October -30,231 -35,301 5,070 November -28,628 -33,666 5,038 December -27,771 -32,889 5,118 2002 January -28,429 -33,504 5,075 February -30,018 -35,344 5,327 March -31,993 -37,437 5,444 April -33,342 -39,088 5,746 May -34,962 -40,429 5,467 June -34,910 -40,272 5,363 July -35,294 -40,686 5,392 August -35,660 -41,104 5,444 September -36,022 -41,552 5,530 October -36,815 -42,244 5,429 November -38,705 -44,080 5,375 December -40,323 -45,476 5,152 2003 January (R) -40,311 -45,303 4,992 February (R) -40,518 -45,314 4,796 March (R) -41,173 -45,815 4,642 April (R) -42,234 -46,815 4,581 May (R) -41,369 -46,004 4,635 June (R) -40,858 -45,561 4,703 July (R) -40,127 -44,917 4,790 August (R) -40,445 -45,416 4,971 September (R) -40,815 -46,110 5,295 October (R) -40,406 -45,860 5,454 November (R) -40,794 -46,402 5,608 December _________________ Exports Center Month of Moving Averages Total Goods Services 2001 January --- --- --- February 89,756 64,715 25,041 March 88,628 63,660 24,968 April 87,566 62,650 24,916 May 86,386 61,486 24,900 June 85,140 60,296 24,844 July 83,949 59,060 24,889 August 81,300 57,509 23,791 September 79,683 56,797 22,886 October 78,029 55,909 22,120 November 78,418 55,861 22,557 December 78,533 55,516 23,017 2002 January 78,542 55,179 23,363 February 78,815 55,099 23,715 March 79,513 55,647 23,866 April 80,337 56,267 24,069 May 81,233 57,141 24,092 June 81,993 57,729 24,263 July 82,498 58,070 24,428 August 82,605 58,105 24,500 September 82,340 57,659 24,680 October 82,457 57,624 24,832 November 82,050 56,947 25,104 December 82,020 56,898 25,122 2003 January (R) 81,948 56,950 24,998 February (R) 82,472 57,795 24,677 March (R) 82,154 57,824 24,330 April (R) 82,010 57,775 24,235 May (R) 82,508 58,095 24,413 June (R) 83,991 59,137 24,855 July (R) 84,332 59,109 25,223 August (R) 84,862 59,259 25,604 September (R) 85,709 59,688 26,020 October (R) 88,134 61,699 26,436 November (R) 89,681 62,771 26,910 December _________________ Imports Center Month of Moving Averages Total Goods Services 2001 January --- --- --- February 120,903 102,290 18,613 March 118,980 100,301 18,679 April 118,176 99,278 18,899 May 116,205 97,209 18,996 June 114,496 95,665 18,831 July 113,203 94,429 18,773 August 110,981 92,949 18,032 September 109,666 92,200 17,466 October 108,259 91,209 17,050 November 107,046 89,527 17,519 December 106,304 88,406 17,899 2002 January 106,971 88,683 18,288 February 108,832 90,444 18,389 March 111,506 93,084 18,422 April 113,679 95,355 18,323 May 116,194 97,569 18,625 June 116,902 98,002 18,901 July 117,792 98,756 19,036 August 118,265 99,209 19,056 September 118,362 99,211 19,151 October 119,272 99,868 19,404 November 120,755 101,027 19,728 December 122,343 102,374 19,969 2003 January (R) 122,259 102,253 20,006 February (R) 122,990 103,109 19,881 March (R) 123,326 103,639 19,688 April (R) 124,244 104,590 19,654 May (R) 123,877 104,099 19,778 June (R) 124,850 104,698 20,152 July (R) 124,459 104,026 20,433 August (R) 125,307 104,675 20,632 September (R) 126,524 105,799 20,725 October (R) 128,541 107,559 20,982 November (R) 130,475 109,173 21,302 December NOTE: (1) Data presented on a Balance of Payments (BOP) basis. For information on data sources and methodology, see the information section on page 26 of this release, or at www.census.gov/foreign-trade/www/press.html or www.bea.gov/bea/rels.htm. 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 center month of the period. Using this method, an average is not available for the current month. A centered moving average is useful in smoothing the volatile trade data so that trends can better be discerned. SOURCE: Report FT900 (CB-04-25, BEA-04-07), Bureau of the Census, Foreign Trade Division, December 2003. For more information, contact Haydn R. Mearkle (301-763-2246) or Nick Orsini (301-763-2311), Foreign Trade Division.