The Bureau of the Census and the Bureau of Economic Analysis issued today 
the U.S. International Trade in Goods and Services 1995 Annual Revisions.

Goods

For 1995, unadjusted Census basis goods data were revised to eliminate 
"carry-over" (that portion of the monthly statistics that arrives too late 
for inclusion in the transaction month) and to include errata (corrections 
to the published monthly data).  For 1994-96, the seasonally adjusted data 
were revised based upon recomputed factors for seasonal and working day
adjustments.  

New deflators were computed and data in constant dollars were revised for 
1994-96.  The values for capital goods and total trade for both imports 
and exports were substantially revised due to a change in the methodology 
for determining the deflator for semiconductors.  The new deflators, based 
on deflators prepared by the Bureau of Labor Statistics and the Bureau of
Economic Analysis, better reflect the quality-adjusted prices of 
semiconductors.

Services

The services estimates were revised to incorporate updated source data and 
improved coverage of transactions for 1992-95 and the first quarter of 
1996.  Revisions to the other private services accounts for 1992-95 and 
the first quarter of 1996 were sizable, largely reflecting the 
introduction of survey-based results for a major subcomponent - - 
financial services transactions with unaffiliated foreigners.  The new 
estimates lower both receipts and payments from the estimates previously 
published.  The survey-based results expand coverage of financial services
transactions, improve measurement of previously covered financial 
services, and permit the elimination of duplication.  Revisions to the 
travel and passenger fare accounts were sizable for 1994-95, reflecting 
significant revisions to underlying source data.  Other accounts were 
revised based upon updated quarterly and annual survey data.
SOURCE: Report FT900 (CB-96-99), Bureau of the Census, Foreign Trade
        Division, APRIL 1996.  For more information, contact Haydn R. 
        Mearkle (301-457-2246) or Richard M. Preuss (301-457-2311), 
        Foreign Trade Division.