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The first two pages of this release are shown in plain text below.
A PDF version of the entire release is also available and the tables from this release are available in an XLS spreadsheet.
Also available: an information section and a brief summary of highlights.
For plain text copies of the tables, please visit the Census web site.
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U.S. Census Bureau
U.S. Bureau of Economic Analysis
NEWS
U.S. Department of Commerce Washington, D.C. 20230
CB05-117
BEA05-36
FT-900 (05-06)
For information on goods contact:
U.S. Census Bureau:
Nick Orsini (301) 763-6959
Vanessa Ware (301) 763-2311
For information on services contact:
U.S. Bureau of Economic Analysis:
Technical: Christopher Bach (202) 606-9545
Media: Ralph Stewart (202) 606-9690
U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
June 2005
Goods and Services
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the
Department of Commerce, announced today that total June exports of $106.8 billion
and imports of $165.6 billion resulted in a goods and services deficit of $58.8
billion, $3.4 billion more than the $55.4 billion in May, revised. June exports
were virtually unchanged from May, and June imports were $3.4 billion more than
May imports of $162.2 billion.
In June, the goods deficit increased $3.3 billion from May to $64.0 billion, and
the services surplus decreased $0.1 billion to $5.2 billion. Exports of goods
were virtually unchanged at $74.5 billion, and imports of goods increased $3.2
billion to $138.5 billion. Exports of services increased $0.1 billion to $32.4
billion, and imports of services increased $0.2 billion to $27.1 billion.
In June, the goods and services deficit was up $3.9 billion from June 2004. Exports
were up $12.6 billion, or 13.4 percent, and imports were up $16.5 billion, or 11.1
percent.
Goods
The May to June change in exports of goods reflected decreases in foods, feeds,
and beverages ($0.4 billion); consumer goods ($0.2 billion); and industrial
supplies and materials ($0.2 billion). Increases occurred in capital goods($0.6
billion); other goods ($0.1 billion); and automotive vehicles, parts, and engines
($0.1 billion).
The May to June change in imports of goods reflected increases in industrial
supplies and materials ($2.2 billion); capital goods ($1.2 billion); and consumer
goods ($0.1 billion). Decreases occurred in automotive vehicles, parts, and engines
($0.2 billion) and other goods ($0.1 billion). Foods, feeds, and beverages were
virtually unchanged.
The June 2004 to June 2005 change in exports of goods reflected increases in capital
goods ($3.3 billion); industrial supplies and materials ($3.1 billion); consumer
goods ($1.0 billion); automotive vehicles, parts, and engines ($0.6 billion); foods,
feeds, and beverages ($0.5 billion); and other goods ($0.1 billion).
The June 2004 to June 2005 change in imports of goods reflected increases in
industrial supplies and materials ($6.6 billion); capital goods ($3.3 billion);
consumer goods ($2.9 billion); automotive vehicles, parts, and engines ($0.6
billion); other goods ($0.4 billion); and foods, feeds, and beverages ($0.4 billion).
Services
Services exports increased $0.1 billion from May to June. The increase was more
than accounted for by an increase in other private services (which includes items
such as business, professional, and technical services, insurance services, and
financial services). Changes in the other categories of services exports were small.
Services imports increased $0.2 billion from May to June. The increase was mostly
accounted for by increases in other private services and travel. Changes in the
other categories of services imports were small.
From June 2004 to June 2005, services exports increased $3.9 billion. The largest
increases were in other private services ($1.2 billion), royalties and license fees
($0.9 billion), and travel ($0.8 billion).
From June 2004 to June 2005, services imports increased $2.4 billion. The largest
increases were in other private services ($1.0 billion), other transportation ($0.4
billion), which includes freight and port services, travel ($0.4 billion), and
royalties and license fees ($0.4 billion).
Goods and Services Moving Average
For the three months ending in June, exports of goods and services averaged $106.8
billion, while imports of goods and services averaged $163.8 billion, resulting in
an average trade deficit of $57.0 billion. For the three months ending in May, the
average trade deficit was $55.3 billion, reflecting average exports of $105.6
billion and average imports of $160.9 billion.
Selected Not Seasonally Adjusted Goods Details
The June figures showed surpluses, in billion of dollars, with Hong Kong $0.7 (for
May $0.7), Australia $0.7 ($0.7), Singapore $0.5 ($0.5), and Egypt $0.2 ($0.1).
Deficits were recorded, in billions of dollars, with China $17.6 ($15.8), Europe
$12.8 ($12.1), the European Union $10.8 ($10.5), OPEC $7.7 ($7.3), Japan $6.9 ($6.6),
Canada $5.4 ($4.8), Mexico $4.8 ($4.5), Korea $1.3 ($1.5), Taiwan $1.2 ($0.9), and
Brazil $0.8 ($0.7).
Advanced technology products (ATP) exports were $19.3 billion in June and imports
were $22.9 billion, resulting in a deficit of $3.7 billion. June exports were $2.1
billion more than the $17.2 billion in May, while imports were $1.9 billion more
than the $21.0 billion in May.
Revisions
Goods carry-over in June was $0.3 billion (0.4 percent) for exports and $1.0 billion
(0.7 percent) for imports. For May, revised export carry-over was $0.1 billion (0.1
percent), revised down from $0.2 billion (0.3 percent). For May, revised import
carry-over was $0.1 billion (0.1 percent), revised down from $0.9 billion (0.7
percent).
Services exports for May were revised down $0.1 billion to $32.3 billion; the
revision was mostly accounted for by a downward revision in travel. Services
imports for May were virtually unchanged at $27.0 billion.
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