PART A: SEASONALLY ADJUSTED EXHIBIT 2. U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES THREE-MONTH MOVING AVERAGES -- JANUARY 1996 TO JUNE 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 -7,701 -14,204 6,503 March -8,035 -14,589 6,554 April -9,175 -16,056 6,881 May -9,402 -16,278 6,876 June -10,108 -16,709 6,601 July -10,233 -16,594 6,361 August -11,027 -17,185 6,158 September -9,528 -16,466 6,937 October -8,393 -15,994 7,602 November -8,064 -16,112 8,048 December -9,164 -16,913 7,749 1997 January -9,918 -17,250 7,332 February -9,377 -16,574 7,198 March -8,917 -16,245 7,328 April -8,914 -16,415 7,501 May -8,839 -16,366 7,527 June -8,720 -16,152 7,432 July -8,675 -16,128 7,452 August -9,036 -16,432 7,396 September -9,054 -16,568 7,514 October -9,162 -16,467 7,305 November -9,485 -16,613 7,127 December -9,914 -16,881 6,967 1998 January -10,620 -17,386 6,766 February -11,621 -18,566 6,945 March -13,067 -19,986 6,919 April (R) -14,339 -21,472 7,133 May -14,654 -21,610 6,957 June July August September October November December __________________________________________________________________ Center Month of Exports Moving Average Total Goods (1) Services 1996 January February 69,463 50,285 19,178 March 69,955 50,625 19,330 April 70,278 50,549 19,728 May 70,444 50,710 19,734 June 69,992 50,339 19,654 July 69,931 50,455 19,476 August 69,790 50,418 19,373 September 71,647 51,530 20,117 October 73,028 52,237 20,791 November 73,893 52,582 21,311 December 73,678 52,562 21,116 1997 January 73,789 52,933 20,856 February 75,395 54,500 20,895 March 76,840 55,723 21,117 April 77,725 56,312 21,413 May 78,005 56,413 21,592 June 78,450 56,789 21,661 July 78,907 57,122 21,786 August 79,310 57,434 21,876 September 79,807 57,771 22,035 October 79,794 57,899 21,895 November 79,820 58,095 21,725 December 79,481 57,906 21,574 1998 January 79,013 57,529 21,484 February 78,801 57,156 21,645 March 78,017 56,301 21,716 April (R) 77,651 55,757 21,894 May 76,657 54,889 21,769 June July August September October November December __________________________________________________________________ Center Month of Imports Moving Average Total Goods (1) Services 1996 January February 77,164 64,489 12,675 March 77,990 65,214 12,776 April 79,452 66,605 12,848 May 79,846 66,988 12,858 June 80,100 67,047 13,053 July 80,164 67,049 13,115 August 80,817 67,602 13,215 September 81,175 67,996 13,179 October 81,421 68,232 13,189 November 81,957 68,694 13,263 December 82,842 69,475 13,367 1997 January 83,707 70,183 13,524 February 84,771 71,074 13,697 March 85,757 71,968 13,789 April 86,640 72,727 13,912 May 86,843 72,779 14,065 June 87,171 72,941 14,229 July 87,583 73,249 14,333 August 88,346 73,866 14,480 September 88,860 74,339 14,521 October 88,956 74,365 14,591 November 89,306 74,708 14,598 December 89,394 74,787 14,607 1998 January 89,633 74,915 14,718 February 90,422 75,722 14,700 March 91,084 76,287 14,798 April (R) 91,990 77,229 14,761 May 91,311 76,499 14,812 June July August September October November December (1) Data presented on a Balance of Payments (BOP) Basis. 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-98-148), Bureau of the Census, Foreign Trade Division, JUNE 1998. For more information, contact Haydn R. Mearkle (301-457-2246) or Richard M. Preuss (301-457-2311), Foreign Trade Division.