EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, FRIDAY, NOVEMBER 9, 2007
BEA 07-52
* See the navigation bar at the right side of the news release text for links to data tables,
contact personnel and their telephone numbers, and supplementary materials.
| Services: | Christopher Bach: | (202) 606-9545 | (Technical) | U.S. Bureau of Economic Analysis |
| Ralph Stewart: | 606-2649 | (Media) | U.S. Bureau of Economic Analysis | |
| Goods: | Nick Orsini | (301) 763-6959 | U.S. Census Bureau | |
| Maria Iseman | 763-2311 | U.S. Census Bureau |
U.S. International Trade in Goods and Services
SEPTEMBER 2007
U.S. Census Bureau
U.S. Bureau of Economic Analysis
NEWS
U.S. Department of Commerce * Washington, DC 20230
FOR IMMEDIATE RELEASE
8:30 A.M. EST FRIDAY, NOVEMBER 9, 2007
CB07-160
BEA07-52
FT-900 (07-09)
For information on goods contact:
U.S. Census Bureau:
Nick Orsini (301) 763-6959
Joe Kafchinski (301) 763-2311
For information on services contact:
U.S. Bureau of Economic Analysis:
Technical: Christopher Bach (202) 606-9545
Media: Ralph Stewart (202) 606-2649
U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
September 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 September exports of $140.1 billion and imports
of $196.6 billion resulted in a goods and services deficit of $56.5 billion, compared
with $56.8 billion in August, revised. September exports were $1.5 billion more than
August exports of $138.6 billion. September imports were $1.2 billion more than August
imports of $195.4 billion.
In September, the goods deficit decreased $0.3 billion from August to $65.7 billion, and
the services surplus was virtually unchanged at $9.3 billion. Exports of goods increased
$1.2 billion to $100.2 billion, and imports of goods increased $0.9 billion to $166.0
billion. Exports of services increased $0.3 billion to $39.9 billion, and imports of
services increased $0.2 billion to $30.6 billion.
In September, the goods and services deficit was down $7.7 billion from September 2006.
Exports were up $16.8 billion, or 13.6 percent, and imports were up $9.1 billion, or
4.9 percent.
Goods
The August to September change in exports of goods reflected increases in foods, feeds,
and beverages ($0.7 billion); industrial supplies and materials ($0.7 billion);
consumer goods ($0.3 billion); and automotive vehicles, parts, and engines ($0.1 billion).
Decreases occurred in capital goods ($0.4 billion) and other goods ($0.3 billion).
The August to September change in imports of goods reflected increases in capital goods
($0.8 billion); automotive vehicles, parts, and engines ($0.3 billion); and consumer goods
($0.2 billion). A decrease occurred in industrial supplies and materials ($0.4 billion).
Other goods and foods, feeds, and beverages were virtually unchanged.
The September 2006 to September 2007 change in exports of goods reflected increases in
industrial supplies and materials ($3.5 billion); capital goods ($2.7 billion); food,
feeds, and beverages ($2.4 billion); consumer goods ($2.0 billion); and automotive
vehicles, parts, and engines ($1.6 billion). A decrease occurred in other goods
($0.3 billion).
The September 2006 to September 2007 change in imports of goods reflected increases in
capital goods ($2.4 billion); consumer goods ($1.5 billion); automotive vehicles, parts,
and engines ($1.2 billion); industrial supplies and materials ($0.6 billion); food, feeds,
and beverages ($0.6 billion); and other goods ($0.3 billion).
Services
Services exports increased $0.3 billion from August to September. The increase was more
than accounted for by increases in travel, passenger fares, and transfers under U.S.
military sales contracts. Changes in other categories of services exports were small.
Services imports increased $0.2 billion from August to September. The largest increase was
in travel. Changes in other categories of services imports were small.
From September 2006 to September 2007, services exports increased $4.4 billion. The
largest increases were in other private services, which includes items such as business,
professional, and technical services, insurance services, and financial services
($1.8 billion), travel ($1.4 billion), and other transportation, which includes freight
and port services ($0.5 billion).
From September 2006 to September 2007, services imports increased $1.9 billion. The
largest increases were in other private services ($1.0 billion), travel ($0.3 billion),
and royalties and license fees ($0.2 billion).
Goods and Services Moving Average
For the three months ending in September, exports of goods and services averaged $138.8
billion, while imports of goods and services averaged $196.3 billion, resulting in an
average trade deficit of $57.4 billion. For the three months ending in August, the average
trade deficit was $58.4 billion, reflecting average exports of $136.8 billion and average
imports of $195.2 billion.
Selected Not Seasonally Adjusted Goods Details
The September figures showed surpluses, in billions of dollars, with Hong Kong $1.4
($1.1 for August), Australia $1.0 ($0.9), Singapore $0.7 ($0.6), Egypt $0.4 ($0.4), and
Argentina $0.3 ($0.1). Deficits were recorded, in billions of dollars, with China $23.8
($22.5), OPEC $11.1 ($11.4), Europe $7.3 ($11.1), the European Union $6.4 ($10.2), Mexico
$6.3 ($6.9), Japan $6.2 ($6.7), Canada $4.9 ($5.0), Taiwan $1.3 ($0.8), Korea $0.9 ($0.8),
and Brazil $0.1 ($0.2).
Advanced technology products (ATP) exports were $22.9 billion in September and imports
were $28.1 billion, resulting in a deficit of $5.2 billion. September exports were $0.3
billion less than the $23.2 billion in August, while imports were $0.1 billion more than
the $27.9 billion in August.
Revisions
Goods carry-over in September was $0.1 billion (0.1 percent) for exports and $0.9 billion
(0.6 percent) for imports. For August, revised export carry-over was $0.1 billion (0.1 percent),
revised down from $0.4 billion (0.4 percent). For August, revised import carry-over was $0.3
billion (0.2 percent), revised down from $1.5 billion (0.9 percent).
Services exports for August were revised up $0.3 billion to $39.7 billion. The revision
was mostly accounted for by an upward revision in travel. Services imports for August
were virtually unchanged at $30.4 billion.
