U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES - Annual Revision for1997

*** NOTICE *** NOTICE *** NOTICE *** NOTICE *** NOTICE*** NOTICE

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

Select:

Goods
Services
Contents

Full Report

Compressed file (ZIP)
FT900 - U.S. International Trade in Goods and Services - PDF

Goods

The 1997 unadjusted Census basis goods data were revised to eliminate "carry over" (that portion of the monthly statistics that arrive too late for inclusion in the transaction month) and to include errata (corrections to the published monthly data). Once these corrections were completed, factors for seasonal adjustments, working day adjustments, and constant dollars were recomputed, and the seasonally adjusted and constant dollars series were revised for 1995, 1996, 1997. With this release, the Bureau of the Census and the Bureau of Economic Analysis (BEA) are introducing monthly seasonal adjustment for exports of civilian aircraft. The monthly pattern of exports of civilian aircraft exhibits high variability. The series does not meet the Census Bureau's usual criteria for seasonal adjustment. There is, however, evidence that seasonally adjusting this series will contribute to a more accurate picture of seasonally adjusted total exports, particularly when the data are aggregated on a quarterly basis. The BEA will carry this adjustment through the National Income and Product Accounts, where they expect it to increase the accuracy of the quarterly Gross Domestic Product estimates. At this time next year, we will assess the effects of seasonally adjusting exports of civilian aircraft on the monthly and quarterly export statistics and on the yearly revisions to the statistics to determine whether to continue the practice.

Services

Several major improvements and reclassifications are introduced to the services estimates. "Other" private services and royalties and license fees incorporate newly available information from BEA's 1994 Benchmark Survey of U.S. Direct Investment Abroad; for the period after 1994, the estimates are revised by extrapolating forward the 1994 universe data and by incorporating new or adjusted data from BEA's quarterly sample surveys for 1995-97. In addition, to consolidate all nonfinancial leasing transactions into one account, the leasing of transportation equipment, which was previously included with "other" transportation, has been reclassified to "other" private services. Similarly, computer software royalties and license fees are reclassified from the "other" private services accounts to the royalties and license fees accounts. For the "other" transportation accounts, revised estimates of freight charges for land transportation between the United States and Canada are introduced. In addition to these improvements, the services estimates are revised to reflect newly available and updated source data.

Seasonally Adjusted

Exhibit 1 International Trade in Goods and Services
Exhibit 2 U.S. Services by Major Category--Exports
Exhibit 3 U.S. Services by Major Category--Imports
Exhibit 4 U.S. Trade in Goods
Exhibit 5 Exports of Goods by Principal End-Use Category
Exhibit 5a Imports of Goods by Principal End-Use Category
Exhibit 6 Exports of Goods by End-Use Category and Commodity
Exhibit 7 Imports of Goods by End-Use Category and Commodity
Exhibit 8 Petroleum and Non-Petroleum End-Use Category Totals
Exhibit 9 Exports of Goods by Principal End-Use Category (Constant Dollars)
Exhibit 9a Imports of Goods by Principal End-Use Category (Constant Dollars)
Exhibit 10 Exports, Imports, and Balance of Goods, Petroleum and Non-Petroleum End-Use Commodity Category Totals (Constant Dollars)

Not Seasonally Adjusted

Exhibit 11 U.S. Trade in Goods
Exhibit 12 Exports of Goods by Principal End-Use Category
Exhibit 12a Imports of Goods by Principal End-Use Category
Exhibit 13 Exports, Imports, and Balance of Goods by Countries and Selected Areas - 1997

Jan, Feb, Mar
Apr, May, Jun
Jul, Aug, Sep
Oct, Nov, Dec
Year-End Totals

Exhibit 14 Exports and Imports of Goods by Principal SITC Commodity Groupings

Jan, Feb, Mar, Apr
May, Jun, Jul, Aug
Sep, Oct, Nov, Dec
Year-End Totals

Exhibit 15 Exports, Imports, and Balance of Advanced Technology Products
Exhibit 16 Imports of Energy - Related Petroleum Products, Including Crude Petroleum
Exhibit 17 Exports and Imports of Motor Vehicles and Parts by Selected Countries - 1997

Jan, Feb, Mar
Apr, May, Jun
Jul, Aug, Sep
Oct, Nov, Dec
Year-End Totals

1992 and 1994 Revisions

Exhibit 18 U.S. International Trade in Goods and Services
Exhibit 19 U.S. Services by Major Category - Exports
Exhibit 20 U.S. Services by Major Category - Imports

Compressed File

1997 Final Revisions - Compressed Version (ZIP)

SOURCE: Report FT900 (97) (CB-97-99), Bureau of the Census, ForeignTrade Division, FINAL 1997. For more information, contact Haydn R. Mearkle(301-457-2246) or Richard M. Preuss (301-457-2311), Foreign Trade Division.