PART A: SEASONALLY ADJUSTED EXHIBIT 2. U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES THREE-MONTH MOVING AVERAGES JANUARY 1993 TO NOVEMBER 1995 (In millions of dollars. Details may not equal totals due to seasonal adjustment and rounding. (R) Revised.) Center Month of Balance Moving Average Total Goods (1) Services 1993 January --- --- --- February -4,525 -9,653 5,128 March -5,313 -10,436 5,123 April -5,837 -10,797 4,960 May -6,265 -11,195 4,931 June -6,646 -11,611 4,966 July -7,226 -12,198 4,972 August -7,328 -12,201 4,874 September -7,487 -12,227 4,739 October -7,860 -12,206 4,346 November -6,830 -11,156 4,326 December -6,472 -10,737 4,265 1994 January -7,088 -11,439 4,350 February -7,672 -12,163 4,491 March -8,317 -12,854 4,538 April -8,176 -13,003 4,827 May -8,974 -13,831 4,856 June -9,619 -14,639 5,020 July -9,692 -14,691 4,999 August -9,604 -14,876 5,273 September -9,289 -14,575 5,286 October -9,414 -14,928 5,514 November -9,157 -14,497 5,340 December -9,303 -14,787 5,484 1995 January -9,226 -14,446 5,220 February -9,664 -14,868 5,204 March -9,975 -15,047 5,073 April -10,419 -15,616 5,197 May -11,144 -16,268 5,123 June -11,097 -16,232 5,134 July -10,235 -15,408 5,173 August -9,188 -14,492 5,304 September (R) -8,218 -13,664 5,446 October -7,820 -13,321 5,501 November --- --- --- December __________________________________________________________________ Center Month of Exports Moving Average Total Goods (1) Services 1993 January --- --- --- February 52,826 37,288 15,538 March 53,349 37,647 15,701 April 54,077 38,462 15,615 May 53,688 38,044 15,644 June 53,190 37,537 15,654 July 52,730 36,993 15,737 August 52,872 37,192 15,680 September 53,880 38,115 15,765 October 54,364 38,795 15,569 November 55,474 39,751 15,723 December 55,162 39,630 15,531 1994 January 54,716 39,031 15,685 February 55,410 39,481 15,928 March 56,066 39,956 16,110 April 57,323 40,955 16,368 May 57,274 40,909 16,365 June 57,507 40,934 16,572 July 58,659 42,015 16,644 August 59,424 42,461 16,963 September 60,402 43,423 16,979 October 60,874 43,676 17,199 November 61,625 44,643 16,983 December 62,366 45,178 17,188 1995 January 62,493 45,577 16,916 February 63,212 46,169 17,043 March 63,925 46,914 17,011 April 65,086 47,805 17,282 May 64,866 47,616 17,250 June 64,634 47,354 17,280 July 64,912 47,612 17,300 August 65,838 48,411 17,427 September (R) 66,869 49,281 17,588 October 67,184 49,389 17,795 November --- --- --- December __________________________________________________________________ Center Month of Imports Moving Average Total Goods (1) Services 1993 January --- --- --- February 57,352 46,941 10,410 March 58,661 48,083 10,578 April 59,914 49,259 10,655 May 59,953 49,239 10,713 June 59,836 49,148 10,688 July 59,955 49,191 10,765 August 60,200 49,393 10,806 September 61,367 50,342 11,025 October 62,224 51,001 11,223 November 62,304 50,907 11,397 December 61,634 50,368 11,267 1994 January 61,804 50,470 11,334 February 63,081 51,644 11,437 March 64,383 52,810 11,573 April 65,499 53,958 11,541 May 66,249 54,740 11,509 June 67,126 55,574 11,552 July 68,350 56,705 11,645 August 69,028 57,338 11,690 September 69,691 57,998 11,692 October 70,289 58,604 11,685 November 70,782 59,140 11,643 December 71,669 59,965 11,704 1995 January 71,719 60,024 11,695 February 72,876 61,037 11,839 March 73,900 61,962 11,938 April 75,505 63,420 12,085 May 76,010 63,884 12,127 June 75,731 63,585 12,146 July 75,147 63,020 12,126 August 75,026 62,904 12,122 September (R) 75,087 62,945 12,141 October 75,004 62,711 12,294 November --- --- --- December 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-96-12), Bureau of the Census, Foreign Trade Division, NOVEMBER 1995. For more information, contact Haydn R. Mearkle (301-457-2246) or Richard M. Preuss (301-457-2311), Foreign Trade Division.