\RN 12 01 00 100 \RT DATA REP \DI TEXT U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES: APRIL 1995 IMPORTANT: This release contains sensitive economic data not to be released before 8:30 a.m. Wednesday, June 21, 1995. CB-95-115Press Copy FT-900 (95-04) For information on goods contact: Bureau of the Census: Haydn R. Mearkle(301) 457-2246 Richard M. Preuss(301) 457-2311 For information on services contact: Bureau of Economic Analysis: Media: Larry Moran(202) 606-2649 Technical: Christopher Bach(202) 606-9545 U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES April 1995 The Bureau of the Census and the Bureau of Economic Analysis, through the Department of Commerce, announced today that total April exports of $64.0 billion and imports of $75.4 billion resulted in a goods and services deficit of $11.4 billion, $1.6 billion more than the $9.8 billion of March, revised. April exports were $0.8 billion less than March exports of $64.8 billion. April imports were $0.7 billion more than March imports of $74.6 billion. In April, the goods deficit increased to $16.5 billion from $14.7 billion in March, and the services surplus increased to $5.1 billion from $4.9 billion. Exports of goods decreased to $46.9 billion from $47.8 billion, and imports of goods increased to $63.4 billion from $62.5 billion. Exports of services of $17.1 billion were virtually the same as in March and imports of services decreased to $11.9 billion from $12.1 billion. The March to April change in exports of goods reflected decreases in capital goods of $0.4 billion (primarily telecommunications equipment and semiconductors); industrial supplies and materials ($0.3 billion); other goods ($0.1 billion); and consumer goods ($0.1 billion). Foods, feeds, and beverages, and automotive vehicles, parts, and engines were virtually unchanged. The March to April change in imports of goods reflected increases in capital goods of $0.4 billion (primarily computer accessories and semiconductors); automotive vehicles, parts, and engines ($0.4 billion); consumer goods ($0.3 billion); and industrial supplies and materials ($0.1 billion). Foods, feeds, and beverages decreased ($0.2 billion). Other goods were virtually unchanged. 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 25 of this release. For the three months ending in April, exports of goods and services, using a centered three month moving average, were $63.6 billion, while imports of goods and services averaged $73.9 billion, resulting in an average trade deficit of $10.3 billion. For the three months ending in March, the average trade deficit was $10.0 billion, reflecting average exports of $63.0 billion and average imports of $73.0 billion. Service exports changed little as there were small offsetting changes across categories. The March to April change in services imports largely reflected a decrease in other transportation. Other categories of services imports changed little. Selected Not Seasonally Adjusted Goods Details Advanced technology products (ATP) exports were $11.1 billion for April and imports were $9.2 billion, resulting in a surplus of $1.9 billion, $0.3 billion less than the March surplus of $2.2 billion. April exports were $1.3 billion less than the $12.4 billion of March, while imports were $1.1 billion less than the $10.2 billion of March. The April figures showed surpluses in billions of dollars with Australia $0.6 (for March $0.7), Hong Kong $0.5 ($0.6), Brazil $0.5 ($0.4), Korea $0.3 ($0.7), Argentina $0.2 ($0.2), and Egypt $0.2 ($0.2). Deficits were recorded in billions of dollars with Japan -$5.9 (-$6.1), China -$2.2 (-$1.8), Canada -$1.6 (-$1.2), Mexico -$1.5 (-$1.7), OPEC $-1.2 (-$1.4), Taiwan -$0.7 (-$0.6), Western Europe -$0.4 (virtually zero), and Singapore -$0.2 (-$0.1). Carry-over in April was $0.2 billion (0.4 percent) for exports and $0.2 billion (0.3) percent) for imports. For March, revised export carry-over was $0.1 billion (0.2 percent), revised down from $0.4 billion (0.8 percent). For March, revised import carryover was $0.1 billion (0.2 percent), revised down from $0.3 billion (0.5 percent). TABLE OF CONTENTS Seasonally Adjusted Exhibit 1 International Trade in Goods and Services 4 Exhibit 2 Goods and Services 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 Principle 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 - 1995 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 Information on Goods and Services 25 FT900 1995 Release Schedule 28 SOURCE: Report FT900 (CB-95-115), Bureau of the Census, Foreign Trade Division, APRIL 1995. For more information, contact Haydn R. Mearkle (301-457-2246) or Richard M. Preuss (301-457-2311), Foreign Trade Division.