U.S. Census Bureau

U.S. Bureau of Economic Analysis

# NEWS

## U.S. Department of Commerce • Washington, DC 20230

### For Immediate Release {#for-immediate-release .none}

### 8:30 A.M. EST Wednesday, December 12, 2007 {#a.m.-est-wednesday-december-12-2007 .none}

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| For        |                         | For information on |         |
| i          |                         | services contact:  |         |
| nformation |                         |                    |         |
| on goods   |                         |                    |         |
| contact:   |                         |                    |         |
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| **U.S.     |                         | **U.S. Bureau of   |         |
| Census     |                         | Economic           |         |
| Bureau:**  |                         | Analysis:**        |         |
+------------+-------------------------+--------------------+---------+
| ######## N | 301-763-6959            | Number range       | 202-6   |
| umber rang |                         | CHAPTER*Tec        | 06-9545 |
| e CHAPTERN |                         | hnical:Christopher |         |
| ick Orsini |                         | Bach*              |         |
+------------+-------------------------+--------------------+---------+
| Number     | 301-763-2311            | Number range       | 202-6   |
| range      |                         | CHAPTER*Media:     | 06-2649 |
| CHA        |                         | Ralph Stewart*     |         |
| PTER*Maria |                         |                    |         |
| Iseman*    |                         |                    |         |
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|            |                         |                    |         |
+------------+-------------------------+--------------------+---------+
|            |                         | Number range       |         |
|            |                         | CHAPTERCB07-174,   |         |
|            |                         | BEA07-55, FT-900   |         |
|            |                         | (07-10)            |         |
+------------+-------------------------+--------------------+---------+

+-----------------------------------------------------------------------+
| #### U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES                   |
+-----------------------------------------------------------------------+
| #### October 2007                                                     |
+-----------------------------------------------------------------------+

##### 

##### 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 October exports
of **\$141.7 billion** and imports of **\$199.5 billion** resulted in a
goods and services deficit of **\$57.8 billion**, \$0.7 billion more
than the \$57.1 billion in September, revised. October exports were
\$1.3 billion more than September exports of \$140.4 billion. October
imports were \$2.0 billion more than September imports of \$197.5
billion.

In October, the goods deficit increased \$0.9 billion from September to
\$66.8 billion, and the services surplus increased \$0.2 billion to
\$8.9 billion. Exports of goods increased \$0.7 billion to \$101.1
billion, and imports of goods increased \$1.6 billion to \$167.8
billion. Exports of services increased \$0.5 billion to \$40.6 billion,
and imports of services increased \$0.3 billion to \$31.7 billion.

In October, the goods and services deficit was down \$0.3 billion from
October 2006. Exports were up \$17.1 billion, or 13.7 percent, and
imports were up \$16.7 billion, or 9.2 percent.

**[Goods]{.underline}**

The September to October change in exports of goods reflected increases
in *capital goods* (\$1.3 billion) and

*other goods* (\$0.7 billion). Decreases occurred in *foods,*

*feeds, and beverages* (\$0.5 billion); *consumer goods* (\$0.4
billion); and *industrial supplies and materials* (\$0.2 billion).
*Automotive vehicles, parts, and engines* were virtually unchanged.

The September to October change in imports of goods reflected increases
in *industrial supplies and materials* (\$1.9 billion); *consumer goods*
(\$0.4 billion); and *automotive vehicles, parts, and engines* (\$0.1
billion). Decreases occurred in *capital goods* (\$0.5 billion) and
*foods, feeds, and beverages* (\$0.1 billion). *Other goods* were
virtually unchanged.

The Number range CHAPTEROctober 2006 to October 2007 change in exports
of goods reflected increases in *capital goods* (\$3.7 billion);
*industrial supplies and materials* (\$3.5 billion); *food, feeds, and
beverages* (\$2.1 billion); *automotive vehicles, parts, and engines*
(\$1.6 billion); *consumer goods* (\$1.2 billion); and *other goods*
(\$0.5 billion).![](media/image1.png){width="3.4027777777777777in"
height="2.2534722222222223in"}

The October 2006 to October 2007 change in imports of goods reflected
increases in *industrial supplies and materials* (\$7.9 billion);
*capital goods* (\$2.2 billion); *consumer goods* (\$1.9 billion);
*automotive vehicles, parts, and engines* (\$1.3 billion); *food, feeds,
and beverages* (\$0.5 billion); and *other goods* (\$0.1 billion).

##### Services

Services exports increased \$0.5 billion from September to October. The
increase was mostly accounted for by increases in *other private
services,* which includes items such as business, professional, and
technical services, insurance services, and financial services,
*travel*, and *other transportation*, which includes freight and port
services. Changes in other categories of services exports were small.

Services imports increased \$0.3 billion from September to October. The
increase was mostly accounted for by an increase in *other private
services*. Changes in other categories of services imports were small.

From October 2006 to October 2007, services exports increased \$4.2
billion. The largest increases were in *travel* (\$1.4 billion) and
*other private services* (\$1.4 billion).

From October 2006 to October 2007, services imports increased \$2.6
billion. The largest increases were in *other private services* (\$1.2
billion) and *travel* (\$0.6 billion).

##### Goods and Services Moving Average

For the three months ending in October, exports of goods and services
averaged \$140.5 billion, while imports of goods and services averaged
\$197.8 billion, resulting in an average trade deficit of \$57.3
billion. For the three months ending in September, the average trade
deficit was \$57.7 billion, reflecting average exports of \$139.2
billion and average imports of \$197.0
billion.![](media/image2.png){width="3.509027777777778in"
height="2.29375in"}

##### Selected Not Seasonally Adjusted Goods Details

Number range CHAPTERThe October figures showed surpluses, in billions of
dollars, with Hong Kong \$1.3 (\$1.4 for September), Australia \$0.9
(\$1.0), Singapore \$0.7 (\$0.7), Egypt \$0.5 (\$0.4), and Argentina
\$0.3 (\$0.3). Deficits were recorded, in billions of dollars, with
China \$25.9 (\$23.8), Europe \$13.7 (\$7.3), the European Union \$11.9
(\$6.4), OPEC \$11.0 (\$11.1), Japan \$8.0 (\$6.2), Mexico \$7.5
(\$6.3), Canada \$5.2 (\$4.9), Taiwan \$1.4 (\$1.3), and Korea \$0.8
(\$0.9).

Advanced technology products (ATP) exports were \$25.1 billion in
October and imports were \$31.8 billion, resulting in a deficit of \$6.7
billion. October exports were \$2.3 billion more than the \$22.9 billion
in September, while imports were \$3.8 billion more than the \$28.1
billion in September.

##### Revisions

Number range CHAPTERGoods carry-over in October was \$0.4 billion (0.3
percent) for exports and \$1.5 billion (0.8 percent) for imports. For
September, revised export carry-over was virtually unchanged at \$0.1
billion (0.1 percent). For September, revised import carry-over was
\$0.2 billion (0.1 percent), revised down from \$0.9 billion (0.6
percent).

Services exports and imports for April through September 2007 reflect
the incorporation of more comprehensive and revised quarterly and
monthly data. For services exports, the largest revisions over the
entire period were in *royalties and license fees* and *other private
services.* For services imports, the largest revision over the entire
period was in *other private services*.

Services exports for September were revised up \$0.1 billion to \$40.1
billion. The revision was accounted for by upward revisions in
*royalties and license fees* and *other private services*, which were
partly offset by downward revisions in all other categories. Services
imports for September were revised up \$0.7 billion to \$31.3 billion.
The revision was mostly accounted for by upward revisions in *other
private services* and *travel*.

Number range CHAPTER

+---------+---------------------------------------------------------+---+
| ######  |                                                         |   |
|         |                                                         |   |
| ######  |                                                         |   |
| **Table |                                                         |   |
|  of Con |                                                         |   |
| tents** |                                                         |   |
|         |                                                         |   |
| #       |                                                         |   |
| #####   |                                                         |   |
+---------+---------------------------------------------------------+---+
| #####   |                                                         |   |
|         |                                                         |   |
| ####    |                                                         |   |
| # Seaso |                                                         |   |
| nally A |                                                         |   |
| djusted |                                                         |   |
+---------+---------------------------------------------------------+---+
| ###     | U.S. International Trade in Goods and Services . . . .  | 4 |
| #### Ex | . . . . . . . . . . . . . . . . . . . . . . . . . . . . |   |
| hibit 1 |                                                         |   |
+---------+---------------------------------------------------------+---+
| ***     | U.S. International Trade in Goods and Services          | 5 |
| Exhibit | Three-month Moving Averages. . . . . . .                |   |
| 2***    |                                                         |   |
+---------+---------------------------------------------------------+---+
| ***     | U.S. Services by Major Category -- Exports . . . . . .  | 6 |
| Exhibit | . . . . . . . . . . . . . . . . . . . . . . . . . . . . |   |
| 3***    | .                                                       |   |
+---------+---------------------------------------------------------+---+
| ***     | U.S. Services by Major Category -- Imports . . . . . .  | 7 |
| Exhibit | . . . . . . . . . . . . . . . . . . . . . . . . . . . . |   |
| 4***    | .                                                       |   |
+---------+---------------------------------------------------------+---+
| ***     | U.S. Trade in Goods. . . . . . . . . . . . . . . . . .  | 8 |
| Exhibit | . . . . . . . . . . . . . . . . . . . . . . . . . . . . |   |
| 5***    | . . . . . . . .                                         |   |
+---------+---------------------------------------------------------+---+
| ***     | Exports and Imports of Goods by Principal End-Use       | 9 |
| Exhibit | Category . . . . . . . . . . . . . . . . . . . .        |   |
| 6***    |                                                         |   |
+---------+---------------------------------------------------------+---+
| ***     | Exports of Goods by End-Use Category and Commodity. . . | 1 |
| Exhibit | . . . . . . . . . . . . . . . . . . . . . .             | 0 |
| 7***    |                                                         |   |
+---------+---------------------------------------------------------+---+
| ***     | Imports of Goods by End-Use Category and Commodity. . . | 1 |
| Exhibit | . . . . . . . . . . . . . . . . . . . . . .             | 2 |
| 8***    |                                                         |   |
+---------+---------------------------------------------------------+---+
| ***     | Exports, Imports and Balance of Goods, Petroleum and    | 1 |
| Exhibit | Non-Petroleum End-Use Category Totals . . . . . . . . . | 4 |
| 9***    | . . . . . . . . . . . . . . . . . . . . . . . . . . . . |   |
|         | . . . . . . . . . . . . . . . . . . . .                 |   |
+---------+---------------------------------------------------------+---+
| ***     | Real Exports and Imports of Goods by Principal End-Use  | 1 |
| Exhibit | Category (2000 Chain-weighted dollars) . . . . . . . .  | 5 |
| 10***   | . . . . . . . . . . . . . . . . . . . . . . . . . . . . |   |
|         | . . . . . . . . . . . . . . . . . . . .                 |   |
+---------+---------------------------------------------------------+---+
| ***     | Real Exports, Imports and Balance of Goods, Petroleum   | 1 |
| Exhibit | and Non-Petroleum End-Use Commodity Category Totals     | 6 |
| 11***   | (2000 Chain-weighted dollars) . . . . . . . . . . . . . |   |
|         | . . . . . . . . .                                       |   |
+---------+---------------------------------------------------------+---+
| #####   |                                                         |   |
|         |                                                         |   |
| #       |                                                         |   |
| #### No |                                                         |   |
| t Seaso |                                                         |   |
| nally A |                                                         |   |
| djusted |                                                         |   |
+---------+---------------------------------------------------------+---+
| ####    | U.S. Trade in Goods. . . . . . . . . . . . . . . . . .  | 1 |
| ### Exh | . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 7 |
| ibit 12 | . . . . . . . .                                         |   |
+---------+---------------------------------------------------------+---+
| ***     | Exports and Imports of Goods by Principal End-Use       | 1 |
| Exhibit | Category . . . . . . . . . . . . . . . . . . . .        | 8 |
| 13***   |                                                         |   |
+---------+---------------------------------------------------------+---+
| ***     | Exports, Imports and Balance of Goods by Selected       | 1 |
| Exhibit | Countries and Areas. . . . . . . . . . . .              | 9 |
| 14***   |                                                         |   |
+---------+---------------------------------------------------------+---+
| ***     | Exports and Imports of Goods by Principal SITC          | 2 |
| Exhibit | Commodities. . . . . . . . . . . . . . . . . . . .      | 1 |
| 15***   |                                                         |   |
+---------+---------------------------------------------------------+---+
| ***     | Exports, Imports and Balance of Advanced Technology     | 2 |
| Exhibit | Products. . . . . . . . . . . . . . . . . .             | 3 |
| 16***   |                                                         |   |
+---------+---------------------------------------------------------+---+
| ***     | Exports, Imports and Balance of Advanced Technology     | 2 |
| Exhibit | Products by Technology Group and Selected Countries and | 4 |
| 16a***  | Areas. . . . . . . . . . . . . . . . . . . . . . . . .  |   |
|         | . . . . . . . . . . . . . . . . . .                     |   |
+---------+---------------------------------------------------------+---+
| ***     | Imports of Energy-Related Petroleum Products, Including | 2 |
| Exhibit | Crude Oil . . . . . . . . . . . . . . .                 | 5 |
| 17***   |                                                         |   |
+---------+---------------------------------------------------------+---+
| ***     | Exports and Imports of Motor Vehicles and Parts by      | 2 |
| Exhibit | Selected Countries. . . . . . . . . . . . .             | 6 |
| 18***   |                                                         |   |
+---------+---------------------------------------------------------+---+
| Info    |                                                         | 2 |
| rmation |                                                         | 7 |
| on      |                                                         |   |
| Goods   |                                                         |   |
| and     |                                                         |   |
| Ser     |                                                         |   |
| vices.. |                                                         |   |
| . . . . |                                                         |   |
| . . . . |                                                         |   |
| . . . . |                                                         |   |
| . . . . |                                                         |   |
| . . . . |                                                         |   |
| . . . . |                                                         |   |
| . . . . |                                                         |   |
| . . . . |                                                         |   |
| . . . . |                                                         |   |
| . . . . |                                                         |   |
| . . . . |                                                         |   |
| . . . . |                                                         |   |
| . . . . |                                                         |   |
| .       |                                                         |   |
+---------+---------------------------------------------------------+---+