U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES: NOVEMBER 1995 IMPORTANT: This release contains sensitive economic data not to be released before 8:30 a.m. Wednesday, February 7, 1996. CB-96-12Press Copy FT-900 (95-11) 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 November 1995 The Bureau of the Census and the Bureau of Economic Analysis, through the Department of Commerce, announced today that total November exports of $67.4 billion and imports of $74.4 billion resulted in a goods and services deficit of $7.1 billion, $1.1 billion less than the $8.2 billion of October, revised. November exports were $0.6 billion more than October exports of $66.7 billion. November imports were $0.5 billion less than October imports of $74.9 billion. In November, the goods deficit decreased $1.3 billion from October to $12.5 billion and the services surplus decreased to $5.4 billion from $5.6 billion in October. Exports of goods increased to $49.4 billion from $49.0 billion, and imports of goods decreased to $61.9 billion from $62.7 billion. Exports of services increased to $17.9 billion from $17.8 billion, and imports of services increased to $12.5 billion from $12.2 billion. The October to November change in exports of goods reflected increases in other goods of $0.5 billion (primarily military goods); capital goods $0.4 billion (primarily semiconductors and civilian aircraft); automotive vehicles, parts, and engines ($0.2 billion); and foods, feeds, and beverages ($0.1 billion). A decrease was reflected in industrial supplies and materials ($0.7 billion). Consumer goods was virtually unchanged. The October to November change in imports of goods reflected decreases in capital goods $0.4 billion (primarily civilian aircraft and computer accessories); consumer goods ($0.4 billion); other goods ($0.1 billion); and foods, feeds, and beverages ($0.1 billion). Increases were reflected in industrial supplies and materials ($0.2 billion) and automotive vehicles, parts, and engines ($0.1 billion). 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 November, exports of goods and services, using a centered three-month moving average, were $67.2 billion, while imports of goods and services averaged $75.0 billion, resulting in an average trade deficit of $7.8 billion. For the three months ending in October, the average trade deficit was $8.2 billion, reflecting average exports of $66.9 billion and average imports of $75.1 billion. Services exports increased from October to November, reflecting an increase in travel. Changes in other categories of services exports were small and offsetting. Services imports increased from October to November, reflecting increases in travel and other private services. Changes in other categories of services imports were small and offsetting. Selected Not Seasonally Adjusted Goods Details Advanced technology products (ATP) exports were $12.7 billion for November and imports were $11.7 billion, resulting in a surplus of $1.1 billion, $1.2 billion more than the October deficit of $0.2 billion. November exports were $0.7 billion more than the $12.0 of October, while imports were $0.5 billion less than the $12.2 billion of October. The November figures showed surpluses in billions of dollars with Australia $0.6 (for October $0.7), and Hong Kong $0.3 ($0.1), Brazil $0.2 ($0.1), Argentina $0.2 ($0.2), Egypt $0.2 ($0.3). Deficits were recorded in billions of dollars with Japan -$4.1 (-$4.8), China -$2.8 (-$3.6), Canada -$1.8 (-$1.9), Mexico -$1.7 (-$1.4), OPEC -$1.2 (-$1.3), Taiwan -$1.0 (-$1.4), Western Europe -$0.9 (-$1.1), Singapore -$0.4 (-$0.3), and Korea -$0.2 (-$0.3). Carry-over in November was $0.1 billion (0.2 percent) for exports and $0.4 billion (0.6 percent) for imports. For October, revised export carry-over was virtually zero, revised down from $0.1 billion (0.2 percent). For October, revised import carry-over was $0.1 billion (0.1 percent), revised down from $0.3 billion (0.4 percent). 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 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.