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U.S. International Trade in Goods and Services -
Annual Revision for 1996


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With this release, the Bureau of the Census and the Bureau of Economic Analysis are publishing revised U.S. goods and services trade statistics.


Select:


Goods

The 1996 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). The 1995 unadjusted Census Basis goods were revised to include errata data. Once these corrections were completed, factors for seasonal, working day adjustments, and constant dollars were recomputed, and the seasonally adjusted and constant dollars were revised for 1994, 1995 and 1996.

Services

Several major improvements are introduced to the services estimates. The other private services estimates reflect newly available information from BEA's Benchmark Survey of Selected Services with Unaffiliated Foreigners for 1996, BEA's Annual Surveys of Financial Services with Unaffiliated Foreigners for 1995 and 1996, which update BEA's Benchmark Survey of Financial Services for 1994, and BEA's Benchmark Survey of Foreign Direct Investment in the United States for 1992. In addition, new estimates are incorporated for transactions of temporary workers in the United States. The expanded coverage provided by the benchmark surveys and the new annual surveys of financial services is indicative of BEA's efforts to increase the coverage and quality of measurement of the services estimates. The other transportation receipts estimates reflect newly available information for ocean port service receipts and for freight charges for land transportation between the United States and Canada. The new estimates are based on new source data and BEA research. The travel and passenger fare estimates reflect unusually large revisions due to the incorporation of more complete source data. In addition to these improvements, the services estimates are revised to reflect newly available and updated source data.

CONTENTS:

Full Report:

Seasonally Adjusted

Not Seasonally Adjusted

1992 and 1993 Revisions



July 2014
Trade Numbers

Deficit: $40.5 Billion
Exports: $198.0 Billion
Imports: $238.6 Billion

Next release: October 3, 2014
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Source: U.S. Census Bureau | Foreign Trade | ftdwebmaster@census.gov |  Last Revised: July 12, 2011