News Release

BEA N/A

U.S. International Trade in Goods and Services: Annual Revision for 2001




A PDF version of the entire release is also available and the tables from this release are available in an XLS spreadsheet.
For plain text copies of the tables, please visit the Census web site.

              United States Department of
                    COMMERCE NEWS
                Washington, D.C. 20230


                      ECONOMICS
                         AND
                      STATISTICS
                    ADMINISTRATION
                     ------------

                 U.S. Census Bureau
              Bureau of Economic Analysis



CB-02-73
FT-900 (02)

June 20, 2002


For information on goods contact:
Haydn R. Mearkle       (301) 457-2246  U.S. Census Bureau
Nick Orsini            (301) 457-2311  U.S. Census Bureau

For information on services contact:
Media: Larry Moran          (202) 606-2649  Bureau of Economic Analysis
Technical: Christopher Bach (202) 606-9545  Bureau of Economic Analysis




          U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES

                     Annual Revision for 2001




                             NOTICE

In this release, the U.S. Census Bureau and the Bureau of Economic
Analysis (BEA) are jointly publishing revised data on U.S. trade
in goods for 1999-2001 and revised data for services for 1998-2001.
The data for 2000-2001 in this release are also reflected in today's
joint release of "U.S. International Trade in Goods and Services: April
2002," and in today's BEA release of "U.S. International Transactions:
First Quarter 2002."  AdditionaL information on other U.S.
international transactions is available in the BEA release and on
BEA's Web site at www.bea.gov.


Goods

The 2001 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).  Once these corrections
were completed, factors for seasonal adjustments and trading-day
adjustments were recomputed, and the seasonally adjusted current-dollar
series were revised for 1999-2001 and the first quarter of 2002.
Similar changes were made to the constant-dollar series, which were
revised for 1999-2001 and the first quarter of 2002.


Services

Revisions to the services accounts resulted from the incorporation of
results from BEA's annual and quarterly surveys, from BEA's Benchmark
Survey of Selected Services Transactions for 2001 (covering mainly
business, professional, and technical services), and from other newly
available and updated source data.  The estimates for other private
services exports and for other private services imports included
significant revisions to business, professional, and technical
services in 2000 and 2001, and to insurance in 2001.  The revisions
in 2001 largely reflected new data reported on BEA annual surveys for
construction services (which are a component of business, professional,
and technical services) and for insurance.  These estimates had
previously been based on preliminary BEA annual survey data for 2000,
on press reports, and on industry information.



                       Table of Contents

                          April 2002



Seasonally Adjusted

Exhibit 1   U.S. International Trade in Goods and Services . . . . . . . .1

Exhibit 2   U.S. Services by Major Category--Exports . . . . . . . . . . .2

Exhibit 3   U.S. Services by Major Category--Imports . . . . . . . . . . .3

Exhibit 4   U.S. Trade in Goods. . . . . . . . . . . . . . . . . . . . . .4

Exhibit 5   Exports of Goods by Principal End-Use Category. . . . . . . . 5

Exhibit 5a  Imports of Goods by Principal End-Use Category . . . . . . . .6

Exhibit 6   Exports of Goods by End-Use Category and Commodity. . . . . . 7

Exhibit 7   Imports of Goods by End-Use Category and Commodity. . . . . . 9

Exhibit 8   Petroleum and Non-Petroleum End-Use Category Totals11

Exhibit 9   Exports of Goods by Principle End-Use
                     Category (1996 Constant Dollars). . . . . . . . . . 12

Exhibit 9a  Imports of Goods by Principle End-Use
                      Category (1996 Constant Dollars). . . . . . . . . .13

Exhibit 10  Exports, Imports, and Balance of Goods, Petroleum and
                      Non-Petroleum End-Use Commodity Category Totals
                      (1996 Constant Dollars). . . . . . . . . . . . . . 14

Not Seasonally Adjusted

Exhibit 11  U.S. Trade in Goods . . . . . . . . . . . . . . . . . . . . .15

Exhibit 12  Exports of Goods by Principal End-Use Category. . . . . . . .16

Exhibit 12a Imports of Goods by Principal End-Use Category. . . . . . . .17

Exhibit 13  Exports, Imports, and Trade Balance by Country and Area,
                      Not Seasonally Adjusted - 2001 . . . . . . . . . . 18

Exhibit 14  Exports and Imports of Goods by Principal SITC
                      Commodity Groupings. . . . . . . . . . . . . . . . 43

Exhibit 15  Exports, Imports, and Balance of Advanced Technology
                      Products. . . . . . . . . . . . . . . . . . . . . .51

Exhibit 16  Imports of Energy - Related Petroleum Products,
                      Including Crude Petroleum . . . . . . . . . . . . .52

Exhibit 17  Exports and Imports of Motor Vehicles and Parts by
                      Selected Countries - 2001. . . . . . . . . . . . . 53

1992-1998 Data

Exhibit 18  U.S. International Trade in Goods and Services. . . . . . . .58

Exhibit 19  U.S. Services by Major Category - Exports . . . . . . . . . .61

Exhibit 20  U.S. Services by Major Category - Imports . . . . . . . . . .64