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Release date: June 8, 2012
In this news release and in the accompanying “U.S. International Trade in Goods and Services: April 2012,” release, the U.S. Census Bureau (Census) and the U.S. Bureau of Economic Analysis (BEA) are publishing revised statistics on both U.S. trade in goods and U.S. trade in services for January 2009 to March 2012. The revised statistics will also appear in “U.S International Transactions: First Quarter 2012” and in the annual revision of the “U.S. international transactions accounts, both to be released by BEA on June 14, 2012.
This annual revision has not changed the overall trend in the goods and services balance. On an annual basis, the goods and services deficit was revised down 0.6 percent for 2009, was revised down 1.1 percent for 2010, and was virtually unrevised for 2011. The goods deficit was revised down for 2009 and 2010 and up for 2011; the services surplus was revised up for all three years. These revisions reflect newly available and revised source data and minor improvements to estimation methodologies.
Goods on a Census basis for 2011 were revised to 1) redistribute monthly data that arrived too late for inclusion in the month of transaction and were initially included in the month in which the data were received and 2) apply corrections to previously published 2011 statistics. In addition, statistics for 2009-2011 were revised as a result of the reclassification of several commodities to end-use categories; these reclassifications were introduced in March 2012 beginning with the January 2012 statistics. Seasonal and trading-day adjustments were then recalculated, and the seasonally adjusted current-dollar series were revised for January 2009 to March 2012.
Census has revised the real chained-dollar series to 1) update selected seasonally adjusted export and import prices back to 2002 and 2) incorporate improved quality-adjusted price indexes for capital goods (telecommunications equipment) back to 2002. The historical chained-dollar series were revised back to 1994 because the reference year (2005) was revised. These changes improve consistency between the Census chained-dollar data and the chained-dollar data published by BEA in the National Income and Product Accounts. For related changes implemented by BEA, see “Annual Revision of the National Income and Product Accounts” in the August 2011 Survey of Current Business.
Balance of payments (BOP) adjustments – adjustments that BEA applies to goods on a Census basis to convert them to a BOP basis – for January 2009 to March 2012 were revised to introduce new adjustments to revalue exports and imports of recorded smart cards from media value to market value and to incorporate revised source data on other adjustments. These adjustments are combined and presented as “Net Adjustments” in this release.
Services exports and imports for January 2009 to March 2012 were revised mostly as a result of newly available and revised source data, primarily from BEA’s surveys of international services transactions.
|FT900||U.S. International Trade in Goods and Services - Annual Revision for 2011|
|Exhibit 1||U.S. International Trade in Goods and Services|
|Exhibit 2||U.S. Services by Major Category - Exports|
|Exhibit 3||U.S. Services by Major Category - Imports|
|Exhibit 4||U.S. Trade in Goods|
|Exhibit 5||Exports of Goods by Principal End-Use Category|
|Exhibit 5a||Imports of Goods by Principal End-Use Category|
|Exhibit 6||Exports of Goods by End-Use Category and Commodity|
|Exhibit 7||Imports of Goods by End-Use Category and Commodity|
|Exhibit 8||Exports, Imports, and Balance of Goods, Petroleum and Non-Petroleum End-Use Category Totals|
|Exhibit 9||Real Exports of Goods by Principal End-Use Category (2005 Chain-weighted dollars)|
|Exhibit 9a||Real Imports of Goods by Principal End-Use Category (2005 Chain-weighted dollars)|
|Exhibit 10||Real Exports, Imports, and Balance of Goods, Petroleum and Non-Petroleum End-Use Commodity Category Totals (2005 Chain-weighted dollars)|
|Not Seasonally Adjusted|
|Exhibit 11||U.S. Trade in Goods|
|Exhibit 12||Exports of Goods by Principal End-Use Category|
|Exhibit 12a||Imports of Goods by Principal End-Use Category|
|Exhibit 13 - Annual||Exports, Imports, and Trade Balance by Country and Area: Annual Totals|
|Exhibit 13: Part 1||Exports, Imports, and Trade Balance by Country and Area: January - March|
|Exhibit 13: Part 2||Exports, Imports, and Trade Balance by Country and Area: April - June|
|Exhibit 13: Part 3||Exports, Imports, and Trade Balance by Country and Area: July - September|
|Exhibit 13: Part 4||Exports, Imports, and Trade Balance by Country and Area: October - December|
|Exhibit 14: Annual||Exports and Imports of Goods by Principal SITC Commodity Groupings: Annual Totals|
|Exhibit 14: Part 1||Exports and Imports of Goods by Principal SITC Commodity Groupings: January -April|
|Exhibit 14: Part 2||Exports and Imports of Goods by Principal SITC Commodity Groupings: May - August|
|Exhibit 14: Part 3||Exports and Imports of Goods by Principal SITC Commodity Groupings: September - December|
|Exhibit 15||Exports, Imports, and Balance of Advanced Technology Products|
|Exhibit 15a: Annual||Exports, Imports, and Balance of Advanced Technology Products by Technology Group and Selected Countries and Areas: Annual Totals|
|Exhibit 15a: Part 1||Exports, Imports, and Balance of Advanced Technology Products by Technology Group and Selected Countries and Areas: January -April|
|Exhibit 15a: Part 2||Exports, Imports, and Balance of Advanced Technology Products by Technology Group and Selected Countries and Areas: May - August|
|Exhibit 15a: Part 3||Exports, Imports, and Balance of Advanced Technology Products by Technology Group and Selected Countries and Areas: September - December|
|Exhibit 16||Imports of Energy-Related Petroleum Products, Including Crude Oil|
|Exhibit 17: Annual||Exports and Imports of Motor Vehicles and Parts by Selected Countries: Annual Totals|
|Exhibit 17: Part 1||Exports and Imports of Motor Vehicles and Parts by Selected Countries: January - March|
|Exhibit 17: Part 2||Exports and Imports of Motor Vehicles and Parts by Selected Countries: April - June|
|Exhibit 17: Part 3||Exports and Imports of Motor Vehicles and Parts by Selected Countries: July - September|
|Exhibit 17: Part 4||Exports and Imports of Motor Vehicles and Parts by Selected Countries: October - December|
|Exhibit 18||U.S. International Trade in Goods and Services (2006-2008)|
|Exhibit 19||U.S. Services by Major Category - Exports (2006-2008)|
|Exhibit 20||U.S. Services by Major Category - Imports (2006-2008)|
Deficit: $41.5 Billion
Exports: $195.9 Billion
Imports: $237.4 Billion
Next release: September 4, 2014
Complete Release Schedule
Collection of videos to enhance export training.
Sep 9-10, 2014