U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES: SEPTEMBER 1995 IMPORTANT: This release contains sensitive economic data not to be released before 8:30 a.m. Wednesday, November 22, 1995. CB-95-207 Press Copy FT-900 (95-09) 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 September 1995 The Bureau of the Census and the Bureau of Economic Analysis, through the Department of Commerce, announced today that total September exports of $67.2 billion and imports of $75.6 billion resulted in a goods and services deficit of $8.3 billion, virtually the same as August, revised. September exports were $1.1 billion more than August exports of $66.2 billion. September imports were $1.0 billion more than August imports of $74.5 billion. In September, the goods deficit increased to $13.7 billion from $13.5 billion in August, and the services surplus increased to $5.4 billion from $5.1 billion in August. Exports of goods increased to $49.9 billion from $49.1 billion, and imports of goods increased to $63.6 billion from $62.6 billion. Exports of services increased to $17.4 billion from $17.1 billion, and imports of services of $12.0 billion were virtually the same as in August. The August to September change in exports of goods reflected increases in automotive vehicles, parts, and engines of $0.3 billion (primarily automobiles); foods, feeds, and beverages $0.3 billion (primarily corn and soybeans); and industrial supplies ($0.3 billion). Capital goods decreased $0.3 billion. Other goods and consumer goods were virtually unchanged. The August to September change in imports of goods reflected increases in capital goods of $0.5 billion (primarily semiconductors, computers, and computer accessories); industrial supplies ($0.3 billion); and other goods ($0.1 billion). Automotive vehicles, parts, and engines; consumer goods; and foods, feeds, and beverages 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 September, exports of goods and services, using a centered three-month moving average, were $65.6 billion, while imports of goods and services averaged $74.9 billion, resulting in an average trade deficit of $9.3 billion. For the three months ending in August, the average trade deficit was $10.3 billion, reflecting average exports of $64.7 billion and average imports of $75.0 billion. The August to September change in services exports reflected an increase in travel. Other categories of services exports changed little. Services imports in September were unchanged from August, as there were small offsetting changes across categories. Selected Not Seasonally Adjusted Goods Details Advanced technology products (ATP) exports were $11.6 billion for September and imports were $11.6 billion, resulting in a trade balance of virtually zero, $0.7 billion less than the August surplus of $0.7 billion. September exports were $.1 billion less than the $11.7 billion of August, while imports were $0.6 billion more than the $11.0 billion of August. The September figures showed surpluses in billions of dollars with Australia $0.7 (for August $0.6), Argentina $0.3 ($0.2), Egypt $0.2 ($0.2), Brazil $0.2 ($0.1), and Hong Kong $0.2 ($0.1). Deficits were recorded in billions of dollars with Japan -$4.3 (-$5.1), China -$3.6 (-$3.9), Canada -$1.9 (-$1.5), OPEC -$1.4 (-$1.5), Mexico -$1.3 (-$1.1), Taiwan -$0.9 (-$1.0), Singapore -$0.5 (-$0.3), Western Europe -$0.1 (-$0.8), and Korea -$0.1 (-$0.2). Carry-over in September was $0.3 billion (0.6 percent) for exports and $0.4 billion (0.6 percent) for imports. For August, revised export carry-over was virtually zero, revised down from $0.1 billion (0.2 percent). For August, revised import carry-over was virtually zero, revised down from $0.3 billion (0.5 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 Good 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-95-207), Bureau of the Census, Foreign Trade Division, SEPTEMBER 1995. For more information, contact Haydn R. Mearkle (301-457-2246) or Richard M. Preuss (301-457-2311), Foreign Trade Division.