PART A: SEASONALLY ADJUSTED EXHIBIT 2. U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES THREE-MONTH MOVING AVERAGES -- JANUARY 1996 TO JANUARY 1998 (In millions of dollars. Details may not equal totals due to seasonal adjustment and rounding. (R) Revised.) Center Month of Balance Moving Average Total Goods (1) Services 1996 January February -8,180 -14,308 6,128 March -8,235 -14,438 6,202 April -9,007 -15,686 6,679 May -9,260 -15,854 6,594 June -9,909 -16,474 6,565 July -9,921 -16,452 6,531 August -10,839 -17,498 6,658 September -9,610 -16,685 7,075 October -8,829 -16,157 7,328 November -8,734 -16,064 7,330 December (R) -9,962 -17,013 7,051 1997 January (R) -10,695 -17,547 6,853 February (R) -9,774 -16,614 6,840 March (R) -8,611 -15,741 7,130 April (R) -8,388 -15,608 7,219 May (R) -8,557 -15,730 7,173 June (R) -9,154 -16,170 7,016 July (R) -9,086 -16,235 7,150 August (R) -9,969 -17,334 7,365 September (R) -9,656 -17,211 7,555 October (R) -9,626 -16,932 7,306 November (R) -9,593 -16,647 7,054 December -10,615 -17,413 6,798 1998 January February March April May June July August September October November December __________________________________________________________ Center Month of Exports Moving Average Total Goods (1) Services 1996 January February 69,035 50,016 19,019 March 69,819 50,648 19,171 April 70,639 50,931 19,708 May 70,716 51,137 19,579 June 70,222 50,568 19,654 July 70,180 50,559 19,621 August 70,028 50,255 19,774 September 71,558 51,393 20,164 October 72,497 52,045 20,452 November 73,167 52,615 20,552 December (R) 72,734 52,322 20,412 1997 January (R) 72,819 52,461 20,358 February (R) 74,693 54,114 20,579 March (R) 76,871 55,939 20,932 April (R) 78,107 57,001 21,106 May (R) 78,187 57,075 21,112 June (R) 77,972 56,936 21,036 July (R) 78,285 57,088 21,197 August (R) 78,217 56,752 21,466 September (R) 79,013 57,320 21,693 October (R) 78,944 57,407 21,537 November (R) 79,360 58,109 21,251 December 78,432 57,411 21,021 1998 January February March April May June July August September October November December __________________________________________________________ Center Month of Imports Moving Average Total Goods (1) Services 1996 January February 77,215 64,324 12,891 March 78,054 65,085 12,969 April 79,646 66,617 13,029 May 79,976 66,991 12,985 June 80,132 67,042 13,089 July 80,101 67,011 13,090 August 80,868 67,752 13,115 September 81,168 68,079 13,089 October 81,327 68,203 13,124 November 81,901 68,679 13,222 December (R) 82,696 69,335 13,361 1997 January (R) 83,514 70,008 13,506 February (R) 84,467 70,728 13,739 March (R) 85,482 71,680 13,802 April (R) 86,495 72,609 13,887 May (R) 86,744 72,805 13,939 June (R) 87,126 73,107 14,020 July (R) 87,371 73,324 14,047 August (R) 88,187 74,086 14,101 September (R) 88,669 74,531 14,138 October (R) 88,570 74,339 14,232 November (R) 88,953 74,756 14,197 December 89,047 74,824 14,222 1998 January February March April May June July August September October November December Note: The three-month moving averages shown in this exhibit are computed by summing the subject month, the two prior months, dividing by three and showing the average at the center month of the period. Using this method, an average is not available for the current month. A centered moving average is useful in smoothing the volatile trade data so that trends can better be discerned. SOURCE: Report FT900 (CB-98-39), Bureau of the Census, Foreign Trade Division, JANUARY 1998. For more information, contact Haydn R. Mearkle (301-457-2246) or Richard M. Preuss (301-457-2311), Foreign Trade Division.