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EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, FRIDAY, DECEMBER 4, 2020 CB 20-181, BEA 20-61 Goods Data Inquiries Goods Media Inquiries Services Data and Media Inquiries U.S. Census Bureau U.S. Census Bureau U.S. Bureau of Economic Analysis Economic Indicators Division, International Trade Public Information Office Balance of Payments Division (301) 763-2311 (301) 763-3030 Data: (301) 278-9559 [email protected] [email protected] Media: (301) 278-9003 [email protected] U.S. International Trade in Goods and Services October 2020 The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $63.1 billion in October, up $1.0 billion from $62.1 billion in September, revised. U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES DEFICIT Deficit: $63.1 Billion +1.7%° Exports: $182.0 Billion +2.2%° Imports: $245.1 Billion +2.1%° Next release: January 7, 2021 (°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, December 4, 2020 Coronavirus (COVID-19) Impact on International Trade in Goods and Services Exports and imports in October reflect both the ongoing impact of the COVID-19 pandemic and the continued recovery from the sharp declines earlier this year. The full economic effects of the pandemic cannot be quantified in the trade statistics because the impacts are generally embedded in source data and cannot be separately identified. The Census Bureau and the Bureau of Economic Analysis continue to monitor data quality and have determined estimates in this release meet publication standards. For more information, see the frequently asked questions on goods from the Census Bureau and on services from BEA. Monthly deficit Three-month moving average 35 40 45 50 55 60 65 70 October 2018 October 2019 October 2020 Billion $ Goods and Services Trade Deficit Seasonally adjusted 0 U.S. International Trade in Goods and Services December 4, 2020 U.S. Bureau of Economic Analysis U.S. Census Bureau
Transcript
  • EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, FRIDAY, DECEMBER 4, 2020 CB 20-181, BEA 20-61

    Goods Data Inquiries Goods Media Inquiries Services Data and Media Inquiries U.S. Census Bureau U.S. Census Bureau U.S. Bureau of Economic Analysis Economic Indicators Division, International Trade Public Information Office Balance of Payments Division (301) 763-2311 (301) 763-3030 Data: (301) 278-9559 [email protected] [email protected] Media: (301) 278-9003 [email protected]

    U.S. International Trade in Goods and Services

    October 2020

    The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $63.1 billion in October, up $1.0 billion from $62.1 billion in September, revised.

    U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES DEFICIT

    Deficit: $63.1 Billion +1.7%°

    Exports: $182.0 Billion +2.2%°

    Imports: $245.1 Billion +2.1%°

    Next release: January 7, 2021

    (°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes

    Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, December 4, 2020

    Coronavirus (COVID-19) Impact on International Trade in Goods and Services

    Exports and imports in October reflect both the ongoing impact of the COVID-19 pandemic and the continued recovery from the sharp declines earlier this year. The full economic effects of the pandemic cannot be quantified in the trade statistics because the impacts are generally embedded in source data and cannot be separately identified. The Census Bureau and the Bureau of Economic Analysis continue to monitor data quality and have determined estimates in this release meet publication standards. For more information, see the frequently asked questions on goods from the Census Bureau and on services from BEA.

    Monthly deficit

    Three-month moving average

    30

    35

    40

    45

    50

    55

    60

    65

    70

    October 2018 October 2019 October 2020

    Billion $Goods and Services Trade Deficit

    Seasonally adjusted

    0

    U.S. International Trade in Goods and ServicesDecember 4, 2020

    U.S. Bureau of Economic AnalysisU.S. Census Bureau

    mailto:[email protected]:[email protected]:[email protected]://www.census.gov/foreign-trade/statistics/notices/COVIDFAQSFT900.pdfhttps://www.bea.gov/help/faq/1417https://www.bea.gov/help/faq/1417

  • Exports, Imports, and Balance (exhibit 1)

    October exports were $182.0 billion, $4.0 billion more than September exports. October imports were $245.1 billion, $5.0 billion more than September imports. The October increase in the goods and services deficit reflected an increase in the goods deficit of $0.6 billion to $81.4 billion and a decrease in the services surplus of $0.4 billion to $18.3 billion. Year-to-date, the goods and services deficit increased $46.6 billion, or 9.5 percent, from the same period in 2019. Exports decreased $345.9 billion or 16.4 percent. Imports decreased $299.4 billion or 11.5 percent.

    Three-Month Moving Averages (exhibit 2) The average goods and services deficit increased $0.6 billion to $63.4 billion for the three months ending in October.

    • Average exports increased $4.0 billion to $178.0 billion in October. • Average imports increased $4.6 billion to $241.3 billion in October.

    Year-over-year, the average goods and services deficit increased $16.2 billion from the three months ending in October 2019.

    • Average exports decreased $32.1 billion from October 2019. • Average imports decreased $15.9 billion from October 2019.

    Exports (exhibits 3, 6, and 7)

    Exports of goods increased $3.7 billion to $126.3 billion in October.

    Exports of goods on a Census basis increased $3.6 billion.

    • Industrial supplies and materials increased $1.6 billion. o Natural gas increased $0.5 billion. o Organic chemicals increased $0.4 billion.

    • Capital goods increased $1.5 billion. o Civilian aircraft engines increased $0.7 billion. o Semiconductors increased $0.4 billion.

    Net balance of payments adjustments increased $0.1 billion.

    Exports of services increased $0.3 billion to $55.7 billion in October.

    • Travel increased $0.2 billion. • Transport increased $0.2 billion.

    – 2 –

  • Imports (exhibits 4, 6, and 8)

    Imports of goods increased $4.3 billion to $207.8 billion in October.

    Imports of goods on a Census basis increased $4.7 billion.

    • Consumer goods increased $1.4 billion. o Cell phones and other household goods increased $1.1 billion.

    • Capital goods increased $1.4 billion. o Computer accessories increased $0.6 billion. o Other industrial machinery increased $0.3 billion.

    • Industrial supplies and materials increased $1.3 billion. o Nonmonetary gold increased $0.5 billion. o Crude oil increased $0.4 billion.

    • Automotive vehicles, parts, and engines increased $1.0 billion. o Automotive parts and accessories increased $0.5 billion. o Passenger cars increased $0.3 billion.

    Net balance of payments adjustments decreased $0.4 billion.

    Imports of services increased $0.7 billion to $37.4 billion in October.

    • Travel increased $0.3 billion. • Transport increased $0.3 billion.

    Real Goods in 2012 Dollars – Census Basis (exhibit 11)

    The real goods deficit increased $2.3 billion to $89.9 billion in October.

    • Real exports of goods increased $3.7 billion to $143.7 billion. • Real imports of goods increased $6.0 billion to $233.7 billion.

    Revisions

    Exports and imports of goods and services were revised for April through September 2020 to incorporate more comprehensive and updated quarterly and monthly data. Revisions to September exports

    • Exports of goods were revised down $0.1 billion. • Exports of services were revised up $1.8 billion.

    Revisions to September imports

    • Imports of goods were revised down less than $0.1 billion. • Imports of services were revised down $0.1 billion.

    – 3 –

  • Goods by Selected Countries and Areas: Monthly – Census Basis (exhibit 19)

    The October figures show surpluses, in billions of dollars, with South and Central America ($2.2), OPEC ($2.1), Hong Kong ($1.9), United Kingdom ($1.3), Saudi Arabia ($0.7), and Brazil ($0.5). Deficits were recorded, in billions of dollars, with China ($26.5), European Union ($15.7), Mexico ($11.8), Japan ($5.7), Germany ($5.2), South Korea, ($3.0), Taiwan ($3.0), India ($2.6), Italy ($2.5), Canada ($1.3), France ($0.9), and Singapore (less than $0.1).

    • The deficit with China increased $2.2 billion to $26.5 billion in October. Exports increased $1.1 billion to $13.1 billion and imports increased $3.3 billion to $39.7 billion.

    • The deficit with Mexico increased $1.1 billion to $11.8 billion in October. Exports increased $0.7 billion to $19.2 billion and imports increased $1.8 billion to $31.0 billion.

    • The deficit with the European Union decreased $1.6 billion to $15.7 billion in October. Exports decreased $0.2 billion to $19.4 billion and imports decreased $1.8 billion to $35.2 billion.

    Goods and Services by Selected Countries and Areas: Quarterly – Balance of Payments Basis

    (exhibit 20) Statistics on trade in goods and services by country and area are only available quarterly, with a one-month lag. With this release, third-quarter figures are now available. The third-quarter figures show surpluses, in billions of dollars, with South and Central America ($12.2), OPEC ($7.4), Hong Kong ($5.1), Brazil ($4.9), United Kingdom ($4.3), Singapore ($3.2), Saudi Arabia ($2.6), and Canada ($2.0). Deficits were recorded, in billions of dollars, with China ($74.6), Mexico ($34.2), European Union ($31.1), Germany ($14.1), Japan ($12.8), India ($8.5), Taiwan ($7.3), Italy ($6.9), France ($5.9), and South Korea ($4.3).

    • The deficit with Mexico increased $19.2 billion to $34.2 billion in the third quarter. Exports increased $15.6 billion to $58.8 billion and imports increased $34.8 billion to $92.9 billion.

    • The deficit with the European Union increased $9.9 billion to $31.1 billion in the third quarter. Exports increased $10.4 billion to $98.5 billion and imports increased $20.3 billion to $129.6 billion.

    • The surplus with Hong Kong increased $3.3 billion to $5.1 billion in the third quarter. Exports decreased $0.2 billion to $8.5 billion and imports decreased $3.5 billion to $3.3 billion.

    * * * All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified. Additional statistics, including not seasonally adjusted statistics and details for goods on a Census basis, are available in exhibits 1-20b of this release. For information on data sources, definitions, and revision procedures, see the explanatory notes in this release. The full release can be found at www.census.gov/foreign-trade/Press-Release/current_press_release/index.html or www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services. The full schedule is available in the Census Bureau’s Economic Briefing Room at www.census.gov/economic-indicators/ or on BEA’s website at www.bea.gov/news/schedule.

    – 4 –

    https://www.census.gov/foreign-trade/Press-Release/current_press_release/index.htmlhttps://www.bea.gov/data/intl-trade-investment/international-trade-goods-and-serviceshttps://www.census.gov/economic-indicators/https://www.bea.gov/news/schedule

  • * * *

    Next release: January 7, 2021, at 8:30 A.M. EST

    U.S. International Trade in Goods and Services, November 2020

    * * *

    U.S. International Trade in Goods and Services Release Dates in 2021

    Statistical Month Date

    November 2020 January 7 December 2020 February 5 January 2021 March 5 February 2021 April 7 March 2021 May 4 April 2021 June 8 May 2021 July 2 June 2021 August 5 July 2021 September 2 August 2021 October 5 September 2021 November 4 October 2021 December 7

    – 5 –

  • Explanatory Notes Goods (Census basis) Data for goods on a Census basis are compiled from the documents collected by U.S. Customs and Border Protection (CBP) and reflect the movement of goods between foreign countries and the 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, and U.S. Foreign Trade Zones. They include government and non-government shipments of goods and exclude shipments between the United States and its territories and possessions; transactions with U.S. military, diplomatic, and consular installations abroad; U.S. goods returned to the United States by its Armed Forces; personal and household effects of travelers; and in-transit shipments. The General Imports value reflects the total arrival of merchandise from foreign countries that immediately enters consumption channels, warehouses, or Foreign Trade Zones. For imports, the value reported is the CBP-appraised value of merchandise—generally, the price paid for merchandise for export to the United States. Import duties, freight, insurance, and other charges incurred in bringing merchandise to the United States are excluded. The exception is exhibit 17a, which shows CIF import value. The CIF (cost, insurance, and freight) value represents the landed value of the merchandise at the first port of arrival in the United States. It is computed by adding import charges to the customs value and therefore excludes U.S. import duties. Exports are valued at the f.a.s. (free alongside ship) value of merchandise at the U.S. port of export, based on the transaction price including inland freight, insurance, and other charges incurred in placing the merchandise alongside the carrier at the U.S. port of exportation.

    Revision procedure (Census basis) Monthly revisions: Monthly data include actual month's transactions as well as a small number of transactions for previous months. Each month, the U.S. Census Bureau revises the aggregate seasonally adjusted (current and real, or chained-dollar) and unadjusted export, import, and trade balance figures, as well as the end-use totals for the prior month. Country detail data and commodity detail data, based on the Standard International Trade Classification (SITC) Revision 4 and the North American Industry Classification System (NAICS), are not revised monthly. The timing adjustment shown in exhibit 14 is the difference between monthly data as originally reported and as recompiled. For September, unadjusted exports of goods were revised down less than $0.1 billion and unadjusted imports of goods were revised down less than $0.1 billion. Goods carry-over

    in October was less than $0.1 billion (less than 0.1 percent) for exports and less than $0.1 billion (less than 0.1 percent) for imports. For September, revised export carry-over was less than $0.1 billion (less than 0.1 percent) and revised import carry-over was less than $0.1 billion (less than 0.1 percent). Quarterly revisions to chain-weighted dollar series: For March, June, September, and December statistical month releases, revisions are made to the real, or chained-dollar, series presented in exhibits 10 and 11: the previous five months are revised to incorporate the U.S. Bureau of Labor Statistics’ (BLS) revisions to price indexes, which are used to produce the real series and to align Census data with data published by the U.S. Bureau of Economic Analysis (BEA) in the national income and product accounts (NIPAs). Annual revisions: Each June, not seasonally adjusted goods data are revised to redistribute monthly data that arrived too late for inclusion in the month of transaction. In addition, revisions are made to reflect corrections received subsequent to the monthly revisions. Seasonally adjusted data are also revised to reflect recalculated seasonal and trading-day adjustments. These revisions are reflected in totals, end-use, commodity, and country summary data. Other revisions: For December and January statistical month releases, each prior month of the most recent full year is revised so that the totals of the seasonally adjusted months equal the annual totals.

    U.S./Canada data exchange and substitution Data for U.S. exports to Canada are derived from import data compiled by Canada. The use of Canada's import data to produce U.S. export data requires several alignments in order to compare the two series. 1. Coverage - Canadian imports are based on country of

    origin. U.S. goods shipped from a third country are included. U.S. exports exclude these foreign shipments. For October 2020, these shipments totaled $165.8 million. U.S. export coverage also excludes U.S. postal shipments to Canada. For October 2020, these shipments totaled $20.6 million. U.S. import coverage includes shipments of railcars and locomotives from Canada. Effective with January 2004 statistics, Canada excludes these shipments from its goods exports to the United States, therefore creating coverage differences between the two countries for these goods.

    2. Valuation - Canadian imports are valued at the point of origin in the United States. However, U.S. exports are valued at the port of exit in the United States and

    – 6 –

  • include inland freight charges, making the U.S. export value slightly larger than the Canadian import value. Canada requires inland freight to be reported separately from the value of the goods. Combining the inland freight and the Canadian reported import value provides a consistent valuation for all U.S. exports. Inland freight charges for October 2020 accounted for 1.9 percent of the value of U.S. exports to Canada.

    3. Re-exports - Unlike Canadian imports, which are based on country of origin, U.S. exports include re-exports of foreign goods. Therefore, the aggregate U.S. export figure is slightly larger than the Canadian import figure. For October 2020, re-exports to Canada were $4,632.8 million.

    4. Exchange Rate - Average monthly exchange rates are applied to convert the published data to U.S. currency. For October 2020, the average exchange rate was 1.3218 Canadian dollars per U.S. dollar.

    5. Other - There are other minor differences, such as rounding error, that are statistically insignificant.

    Canadian estimates: Effective with January 2001 statistics, the current month data for exports to Canada contain an estimate for late arrivals and corrections. In the following month, this estimate is replaced, in the news release exhibits only, with the actual value of late receipts and corrections. This estimate improves the current month data for exports to Canada and treats late receipts for exports to Canada in a manner that is more consistent with the treatment of late receipts for exports to other countries.

    Nonsampling errors The goods data are a complete enumeration of documents collected by CBP and are not subject to sampling errors. Quality assurance procedures are performed at every stage of collection, processing, and tabulation. However, the data are still subject to several types of nonsampling errors. The most significant of these include reporting errors, undocumented shipments, timeliness, data capture errors, and errors in the estimation of low-valued transactions. Reporting errors: Reporting errors are mistakes or omissions made by importers, exporters, or their agents in their import or export declarations. Most errors involve missing or invalid commodity classification codes and missing or incorrect quantities or shipping weights. They have a negligible effect on aggregate import, export, and balance of trade statistics. However, they can affect the detailed commodity statistics. Undocumented shipments: Federal regulations require importers, exporters, or their agents to report all merchandise shipments above established exemption levels. The Census Bureau has determined that not all required documents are filed, particularly for exports.

    Timeliness and data capture errors: The Census Bureau captures import and export information from administrative documents and through various automated collection programs. Documents may be lost, and data may be incorrectly keyed, coded, or recorded. Transactions may be included in a subsequent month’s statistics if received late. Low-valued transactions: The total values of transactions valued as much as or below $2,500 for exports and $2,000 ($250 for certain quota items) for imports are estimated for each country, using factors based on the ratios of low-valued shipments to individual country totals for past periods. The Census Bureau recommends that data users incorporate this information into their analyses, as nonsampling errors could impact the conclusion drawn from the results. See “U.S. Merchandise Trade Statistics: A Quality Profile” (October 2014) for a detailed discussion of errors affecting the goods data.

    Area groupings North America: Canada, Mexico. Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR): Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua. Europe: Albania, Andorra, Armenia, Austria, Azerbaijan, Belarus, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Faroe Islands, Finland, France, Georgia, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Kazakhstan, Kosovo, Kyrgyzstan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Moldova, Monaco, Montenegro, Netherlands, North Macedonia, Norway, Poland, Portugal, Romania, Russia, San Marino, Serbia, Slovakia, Slovenia, Spain, Svalbard-Jan Mayen Island, Sweden, Switzerland, Tajikistan, Turkey, Turkmenistan, Ukraine, United Kingdom, Uzbekistan, Vatican City. European Union: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden. Euro Area: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain. Pacific Rim: Australia, Brunei, China, Hong Kong, Indonesia, Japan, Korea (South), Macau, Malaysia, New Zealand, Papua New Guinea, Philippines, Singapore, Taiwan.

    – 7 –

    https://www.census.gov/foreign-trade/aip/quality_profile10032014.pdfhttps://www.census.gov/foreign-trade/aip/quality_profile10032014.pdf

  • South/Central America: Anguilla, Antigua and Barbuda, Argentina, Aruba, Bahamas, Barbados, Belize, Bermuda, Bolivia, Brazil, British Virgin Islands, Cayman Islands, Chile, Colombia, Costa Rica, Cuba, Curacao, Dominica, Dominican Republic, Ecuador, El Salvador, Falkland Islands (Islas Malvinas), French Guiana, Grenada, Guadeloupe, Guatemala, Guyana, Haiti, Honduras, Jamaica, Martinique, Montserrat, Netherlands Antilles, Nicaragua, Panama, Paraguay, Peru, Sint Maarten, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Suriname, Trinidad and Tobago, Turks and Caicos Islands, Uruguay, Venezuela. Organization of Petroleum Exporting Countries (OPEC): Algeria, Angola, Congo (Brazzaville), Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Saudi Arabia, United Arab Emirates, Venezuela. Africa: Algeria, Angola, Benin, Botswana, British Indian Ocean Territories, Burkina Faso, Burundi, Cabo Verde, Cameroon, Central African Republic, Chad, Comoros, Congo (Brazzaville), Congo (Kinshasa), Djibouti, Egypt, Equatorial Guinea, Eritrea, Eswatini, Ethiopia, French Southern and Antarctic Lands, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Mayotte, Morocco, Mozambique, Namibia, Niger, Nigeria, Reunion, Rwanda, St. Helena, Sao Tome and Principe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Tanzania, Togo, Tunisia, Uganda, Western Sahara, Zambia, Zimbabwe.

    Adjustments for seasonal and trading-day variations Goods are initially classified under the Harmonized Commodity Description and Coding System (Harmonized System), which is an internationally accepted standard for the commodity classification of traded goods. The Harmonized System describes and measures the characteristics of the goods and is the basis for the systems used in the United States: Schedule B for exports and Harmonized Tariff Schedule for imports. Combining trade into approximately 140 export and 140 import end-use categories makes it possible to examine goods according to their principal uses (see exhibits 7 and 8). These categories are used as the basis for computing the seasonal and trading-day adjusted data. These adjusted data are then summed to the six end-use aggregates for publication (see exhibit 6). The Census Bureau provides these data to BEA for use in the NIPAs and in the U.S international transactions accounts (balance of payments accounts). Exhibit 19 shows goods (Census basis) that are seasonally adjusted for selected countries and world areas. Unlike the commodity-based adjustments discussed above, these adjustments are developed and applied directly at the country and world area levels. For total exports and imports, data users should refer to the commodity-based

    totals shown in the other exhibits. The seasonally adjusted country and world area data will not sum to the seasonally adjusted commodity-based totals because the seasonally adjusted country and world area data and the commodity-based totals are derived from different aggregations of the export and import data and from different seasonal adjustment models. Data users should use caution drawing comparisons between the two sets of seasonally adjusted series. The seasonal adjustment procedure (X-13ARIMA-SEATS) is based on a model that estimates the monthly movements as percentages above or below the general level of series (unlike other methods that redistribute the actual series values over the calendar year). Because the data series for aircraft is highly variable, users studying data trends may wish to analyze trade in aircraft separately from other trade.

    Adjustments for price change Data adjusted for seasonal variation on a real, or chained-dollar, basis (2012 reference year) are presented in exhibits 10 and 11. This adjustment for price change is done using the Fisher chain-weighted methodology. The deflators are primarily based on the monthly price indexes published by the BLS using techniques developed for the NIPAs by BEA.

    Principal commodities Goods data appearing in exhibit 15 are classified in terms of the SITC Revision 4, with the exception of agricultural and manufactured goods. Agricultural goods are defined by the U.S. Department of Agriculture (USDA); they consist of non-marine food products and other products of agriculture that have not passed through complex processes of manufacture. Manufactured goods conform to the NAICS; they consist of goods that have been mechanically, physically, or chemically transformed. USDA agricultural goods and NAICS manufactured goods are not mutually exclusive categories. Re-exports are foreign merchandise entering the country as imports and then exported in substantially the same condition as when imported. Re-exports, which are included in overall export totals, appear as separate line items in exhibit 15.

    Advanced technology products About 500 of some 22,000 Schedule B and Harmonized Tariff Schedule classification codes used in reporting U.S. merchandise trade are identified as "advanced technology" codes, and they meet the following criteria: 1. The code contains products whose technology is from

    a recognized high technology field (e.g., biotechnology).

    – 8 –

  • 2. These products represent leading edge technology in that field.

    3. Such products constitute a significant part of all items covered in the selected classification code.

    The aggregation of the goods results in a measure of advanced technology trade that appears in exhibits 16 and 16a. This product- and commodity-based measure of advanced technology differs from broader NAICS-based measures, which include all goods produced by a particular industry group, regardless of the level of technology embodied in the goods.

    Goods trade in the Advance Economic Indicators Report In addition to the U.S. International Trade in Goods and Services report (FT-900), which is released jointly with BEA, the Census Bureau also releases advance statistics on international trade in goods, along with advance estimates on retail and wholesale inventories, in the Advance Economic Indicators Report (Advance Report). Trade statistics in the Advance Report, released on average 24 to 26 calendar days after the end of the reference month, reflect nearly complete coverage of goods trade, while statistics in the FT-900, released on average 34 to 36 calendar days after the end of the reference month, reflect complete coverage. The Advance Report contains advance statistics for goods trade on a Census basis by principal end-use category, thus providing users an earlier high-level snapshot of U.S. international trade for the featured month. Commodity and country details and statistics for goods trade on a balance of payments (BOP) basis and for services trade are released several days later in the FT-900. See the Advance Report Frequently Asked Questions for more information. The FT-900 is the primary source for the goods trade data used in BEA’s quarterly gross domestic product (GDP) statistics. However, for the advance GDP estimate, FT-900 data for the third month are not yet available, so BEA uses data from the Advance Report. Because only goods trade on a Census basis by principal end-use category is available in the Advance Report, BEA applies adjustments, such as BOP and coverage adjustments, to the Advance Report statistics to produce detailed estimates for incorporation into the advance GDP estimate. See the “Key Source Data and Assumptions” table that accompanies each GDP release for more information.

    Goods (BOP basis) and services Quarterly and annual statistics for goods on a BOP basis and for services are included in the U.S. international transactions accounts (ITAs), which are published by BEA in news releases in March, June, September, and December and in the Survey of Current Business in the January, April,

    July, and October issues. The next release of the ITAs is scheduled for December 18, 2020. In addition, BEA releases detailed annual international services statistics, which consist of statistics on trade in services and on services supplied through affiliates of multinational enterprises. The statistics provide detail on U.S. trade in services by type and by country and area and detail on services supplied through affiliates by industry and by country and area.

    Goods (BOP basis) Goods on a Census basis are adjusted by BEA to a BOP basis to align the data with the concepts and definitions used to prepare the international and national economic accounts. These adjustments, which are applied separately to exports and imports, are necessary to supplement coverage of the Census data, to eliminate duplication of transactions recorded elsewhere in the international accounts, and to value transactions at market prices. They include both additions to and deductions from goods on a Census basis and are presented in this release as net adjustments. Adjustments that exhibit significant seasonal patterns are seasonally adjusted. BEA also publishes more detailed quarterly and annual statistics for net adjustments in ITA Table 2.4. U.S. International Trade in Goods, Balance of Payments Adjustments and in the January, April, July, and October issues of the Survey of Current Business. The export adjustments include:

    Gold exports, nonmonetary - This addition is made for gold that is purchased by foreign official agencies from private dealers in the United States and held at the Federal Reserve Bank of New York. The Census data only include gold that leaves the U.S. customs territory.

    Goods procured in U.S. ports by foreign carriers - This addition is made for foreign air and ocean carriers’ fuel purchases in U.S. ports.

    Net exports of goods under merchanting - This addition is made to include the net value of the purchase and subsequent resale of goods abroad without the goods entering the United States. Because these goods do not cross the U.S. customs frontier, their value is not recorded in the Census data.

    Other adjustments to exports include:

    Deductions for equipment repairs (parts and labor), developed motion picture film, military grant-aid, and, for periods prior to 2010, goods identified in the Census data as exports under the Foreign Military Sales (FMS) program. Additions for sales of fish caught in U.S. territorial waters, exports of electricity to Mexico, private gift parcels, vessels and oil rigs for which

    – 9 –

    https://www.census.gov/econ/indicators/index.htmlhttps://www.census.gov/econ/indicators/faqs.htmlhttps://www.census.gov/econ/indicators/faqs.htmlhttps://www.bea.gov/data/gdp/gross-domestic-producthttps://www.bea.gov/data/gdp/gross-domestic-producthttps://apps.bea.gov/scb/index.htmhttps://www.bea.gov/data/intl-trade-investment/international-services-expandedhttps://www.bea.gov/data/intl-trade-investment/international-services-expandedhttps://apps.bea.gov/iTable/iTable.cfm?reqid=62&step=6&isuri=1&6210=1&6200=48https://apps.bea.gov/iTable/iTable.cfm?reqid=62&step=6&isuri=1&6210=1&6200=48https://apps.bea.gov/iTable/iTable.cfm?reqid=62&step=6&isuri=1&6210=1&6200=48

  • ownership changes, valuation of software exports at market value, low-value (below reporting threshold) transactions for 1999–2009 to phase in a revised Census Bureau low-value methodology that was implemented for goods on a Census basis beginning with statistics for 2010, and, for periods prior to 2010, FMS goods exports reported to BEA by the U.S. Department of Defense.

    The import adjustments include:

    Gold imports, nonmonetary - This addition is made for gold sold by foreign official agencies to private purchasers out of stock held at the Federal Reserve Bank of New York. The Census data only include gold that enters the U.S. customs territory.

    Goods procured in foreign ports by U.S. carriers - This addition is made for U.S. air and ocean carriers’ fuel purchases in foreign ports.

    Imports by U.S. military agencies - This addition is made for purchases of goods abroad by U.S. military agencies, which are reported to BEA by the Department of Defense. The Census data only include imports of goods by U.S. military agencies that enter the U.S. customs territory.

    Inland freight in Canada and Mexico - This addition is made for inland freight in Canada and Mexico. Imports of goods from all countries should be valued at the customs value—the value at the foreign port of export including inland freight charges. For imports from Canada and Mexico, this should be the cost of the goods at the U.S. border. However, the customs value for imports for certain Canadian and Mexican goods is the point of origin in Canada or Mexico. BEA makes an addition for the inland freight charges of transporting these goods to the U.S. border to make the value comparable to the customs value reported for imports from other countries.

    Other adjustments to imports include:

    Deductions for equipment repairs (parts and labor), repairs to U.S. vessels abroad, and developed motion picture film. Additions for non-reported imports, such as locomotives and railcars; imports of electricity from Mexico; conversion of vessels for commercial use; valuation of software imports at market value; and low-value (below reporting threshold) transactions for 1999–2009 to phase in a revised Census Bureau low-value methodology that was implemented for goods on a Census basis beginning with statistics for 2010.

    Services The services statistics cover transactions between foreign countries and the 50 states, the District of Columbia, Puerto

    Rico, the U.S. Virgin Islands, and other U.S. territories and possessions. Transactions with U.S. military, diplomatic, and consular installations abroad are excluded because these installations are considered to be part of the U.S. economy. Services statistics are based on quarterly, annual, and benchmark surveys and information obtained from monthly government and private sector reports. For categories for which monthly data are not available, monthly statistics are derived from quarterly statistics through temporal distribution, or interpolation. The interpolation methodology used by BEA is the modified Denton proportional first difference method. This method preserves the pattern of the monthly indicator series, if available, while satisfying the annual aggregation constraints. See “An Empirical Review of Methods for Temporal Distribution and Interpolation in the National Accounts” (May 2008) for more information. Services are seasonally adjusted when statistically significant seasonal patterns are present. Services are shown in eleven broad categories. The following is a brief description of the types of services included in each category:

    Maintenance and repair services n.i.e. (not included elsewhere) - Consists of maintenance and repair services performed by residents of one country on goods that are owned by residents of another country. The repairs may be performed at the site of the repair facility or elsewhere. Excludes such services in which the cost is included in the price of the goods and is not billed separately or is declared as a part of the price of the goods on the import or export declaration filed with U.S. Customs and Border Protection. Maintenance and repair of computers are included under computer services, and some maintenance and repair of ships, aircraft, and other transport equipment are included under transport. Construction maintenance and repair are included under construction.

    Transport - Consists of transactions associated with moving people and freight from one location to another and includes related supporting and auxiliary services. Transport covers all modes of transportation, including air, sea, rail, road, space, and pipeline. Postal and courier services and port services, which cover cargo handling, storage and warehousing, and other related transport services, are also included.

    Travel (for all purposes including education) - Includes goods and services acquired by nonresidents while abroad. A traveler is defined as a person who stays, or intends to stay, for less than one year in a country of which he or she is not a resident or as a nonresident whose purpose is to obtain education or medical treatment, no matter how long the stay. Purchases can

    – 10 –

    https://apps.bea.gov/scb/pdf/2008/05%20May/0508_methods.pdfhttps://apps.bea.gov/scb/pdf/2008/05%20May/0508_methods.pdfhttps://apps.bea.gov/scb/pdf/2008/05%20May/0508_methods.pdf

  • be either for own use or for gifts to others. Travel is a transactor-based component that covers a variety of goods and services, primarily lodging, meals, transportation in the country of travel, amusement, entertainment, and gifts. Travel excludes air passenger services for travel between countries, which are included in transport, and goods for resale, which are included in goods.

    Travel includes business and personal travel. Business travel covers goods and services acquired for use by persons whose primary purpose for travel is for business (including goods and services for which business travelers are reimbursed by employers). Business travel also includes expenditures by border, seasonal, and other short-term workers in their economy of employment. Personal travel covers travel for all non-business purposes, including for medical or educational purposes.

    Construction - Consists of the services provided to create, renovate, repair, or extend buildings, land improvements, and civil engineering constructions, such as roads and bridges. Additionally, in concept, inputs purchased by foreign construction contractors for projects in the United States are included in construction exports, and inputs purchased abroad by U.S. construction contractors are included in construction imports. However, in practice, data are not available to estimate inputs purchased by foreign contractors for projects in the United States, so BEA statistics on construction exports do not include this component.

    Insurance services - Includes the direct insurance services of providing life insurance and annuities, non-life (property and casualty) insurance, reinsurance, freight insurance, and auxiliary insurance services. Insurance is measured as gross premiums earned plus premium supplements less claims payable, with an adjustment for claims volatility. Premium supplements represent investment income from insurance reserves, which are attributed to policyholders who are treated as paying the income back to the insurer. Auxiliary insurance services include agents’ commissions, brokerage services, insurance consulting services, actuarial services, and other insurance services.

    Financial services - Includes financial intermediary and auxiliary services, except insurance services. These services include those normally provided by banks and other financial institutions, such as securities brokerage and underwriting, financial management, financial advisory, and custody services; credit card and other credit-related services; and securities lending, electronic funds transfer, and other services. Financial services include services for which an explicit commission or fee is charged as well as implicit charges,

    such as (1) implicit fees for bond transactions, measured as the difference between bid and ask prices; (2) margins on buying and selling transactions (called market-making services); and (3) margins between interest payable and the reference rate on loans and deposits (called financial intermediation service charges indirectly measured, abbreviated as FISIM).

    Charges for the use of intellectual property n.i.e. - Includes (1) charges for the use of proprietary rights, such as patents, trademarks, copyrights, and franchises, and (2) charges for licenses to reproduce and/or distribute intellectual property embodied in produced originals (such as copyrights on books and manuscripts, computer software, cinematographic works, and sound recordings) and related rights (such as for live performances and television, cable, or satellite broadcast). Charges for end-user rights to use general-use computer software and outright sales of customized computer software are included under computer services. Charges for end-user rights to use audiovisual content, such as film, television programming, and sound recordings, as well as outright sales of audiovisual originals, are included under audiovisual services, a component of personal, cultural, and recreational services.

    Telecommunications, computer, and information services - Telecommunications services include the broadcast or transmission of sound, images, data, or other information by electronic means. These services do not include the value of the information transmitted. Computer services consist of hardware- and software-related services and data processing services. Sales of customized software and related use licenses, as well as licenses to use non-customized software with a periodic license fee, are also included, as is software downloaded or otherwise electronically delivered. Cross-border transactions in non-customized packaged software with a license for perpetual use are included in goods. Information services include news agency services, database services, and web search portals.

    Other business services - Consists of research and development services, professional and management consulting services, and technical, trade-related, and other business services. Research and development services include services associated with basic and applied research and experimental development of new products and processes as well as outright sales of the outcomes of research and development (such as patents, copyrights, and information about industrial processes). Professional and management consulting services include legal services, accounting, management consulting, managerial services, public relations services, advertising, and market research. Amounts received by a parent company from its affiliates for general overhead expenses related to

    – 11 –

  • these services are included. Technical, trade-related, and other business services include architectural and engineering, waste treatment, operational leasing, trade-related, and other business services.

    Personal, cultural, and recreational services - Consists of the following three subcategories: (1) audiovisual services, which covers production of audiovisual content, end-user rights to use audiovisual content, and outright sales and purchases of audiovisual originals; (2) artistic-related services, which includes the services provided by performing artists, authors, composers, and other visual artists; set, costume, and lighting design; presentation and promotion of performing arts and other live entertainment events; and fees to artists and athletes for performances, sporting events, and similar events; and (3) other personal, cultural, and recreational services, which includes services such as education services delivered online, remotely provided telemedicine services, and services associated with museum and other cultural, sporting gambling, and recreational activities, except those acquired by customers traveling outside their country of residence.

    Government goods and services n.i.e. - Includes goods and services supplied by and to enclaves, such as embassies, military bases, and international organizations; goods and services acquired from the host economy by diplomats, consular staff, and military personnel located abroad and their dependents; and services supplied by and to governments that are not included in other services categories. Services supplied by and to governments are classified to specific services categories when source data permit.

    Goods (BOP basis) and services by country and area Monthly country and area detail is not available for goods on a BOP basis or for services. However, quarterly statistics on goods on a BOP basis and on services that are seasonally adjusted by geography are shown in exhibit 20. Unlike the seasonal adjustments by commodity and by service type that are applied to the global totals, these adjustments are developed and applied directly at the country and world area levels. For total exports and imports, data users should refer to the by-commodity and by-service type totals shown in the other exhibits. The seasonally adjusted country and world area data will not sum to the seasonally adjusted by-commodity and by-service type totals because the two sets of statistics are derived from different aggregations of the export and import data and from different seasonal adjustment models. Data users should use caution drawing comparisons between the two sets of seasonally adjusted series.

    The definitions of the world areas shown in exhibit 20 are consistent with the definitions for goods on a Census basis (see Area groupings above) with a few exceptions. For services, CAFTA-DR is not available because trade with this area currently is not reviewed for seasonality. For goods on a BOP basis and for services, European Union and OPEC reflect the composition of the areas at the time of reporting.

    Revision procedure (goods on a BOP basis and services) Monthly revisions: Each month, a preliminary estimate for the current month and a revised estimate for the immediately preceding month are released. After the initial revision, no further revisions are made to a month until more complete source data become available in March, June, September, and December. Quarterly revisions: The releases in March, June, September, and December contain revised estimates for the previous six months to incorporate more comprehensive and updated source data. Annual revisions: Each June, historical data are revised to incorporate newly available and revised source data, changes in definitions and classifications, and changes in estimation methods. Seasonally adjusted data are also revised to reflect recalculated seasonal and trading-day adjustments.

    Other revisions: The release for December statistical month contains revisions to goods for January through November of the most recent year; the release for January statistical month contains revisions to both goods and services for all months of the most recent year. These revisions result from forcing the seasonally adjusted months to equal the annual totals.

    Data availability The FT-900 and the FT-900 Supplement are available at www.census.gov/ft900 or www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services. Census Bureau’s application programming interface (API): The Census Bureau’s API, available at www.census.gov/developers/, lets developers create custom apps to reach new users and makes key demographic, socio-economic, and housing statistics more accessible than ever before. BEA’s data API: BEA’s data API, available at apps.bea.gov/API/signup/index.cfm, provides programmatic access to BEA’s published economic statistics using industry-standard methods and procedures.

    – 12 –

    https://www.census.gov/ft900https://www.bea.gov/data/intl-trade-investment/international-trade-goods-and-serviceshttps://www.bea.gov/data/intl-trade-investment/international-trade-goods-and-serviceshttps://www.census.gov/developers/https://apps.bea.gov/API/signup/index.cfm

  • List of News Release Exhibits Part A: Seasonally Adjusted (by Commodity/Service) Exhibit 1. U.S. International Trade in Goods and Services Exhibit 2. U.S. International Trade in Goods and Services Three-Month Moving Averages Exhibit 3. U.S. Exports of Services by Major Category Exhibit 4. U.S. Imports of Services by Major Category Exhibit 5. U.S. Trade in Goods Exhibit 6. U.S. Trade in Goods by Principal End-Use Category Exhibit 7. U.S. Exports of Goods by End-Use Category and Commodity Exhibit 8. U.S. Imports of Goods by End-Use Category and Commodity Exhibit 9. U.S. Trade in Petroleum and Non-Petroleum Products by End-Use Exhibit 10. Real U.S. Trade in Goods by Principal End-Use Category—Chained (2012) Dollars Exhibit 11. Real U.S. Trade in Petroleum and Non-Petroleum Products by End-Use—Chained (2012) Dollars Part B: Not Seasonally Adjusted Exhibit 12. U.S. Trade in Goods Exhibit 13. U.S. Trade in Goods by Principal End-Use Category Exhibit 14. U.S. Trade in Goods by Selected Countries and Areas: 2020 Exhibit 14a. U.S. Trade in Goods by Selected Countries and Areas: 2019 Exhibit 15. U.S. Trade in Goods by Principal Commodities Exhibit 16. U.S. Trade in Advanced Technology Products Exhibit 16a. U.S. Trade in Advanced Technology Products by Technology Group and Selected Countries and Areas Exhibit 17. U.S. Trade in Energy-Related Petroleum Products, Including Crude Oil Exhibit 17a. U.S. Imports of Crude Oil by Selected Countries Exhibit 18. U.S. Trade in Motor Vehicles and Parts by Selected Countries Part C: Seasonally Adjusted (by Geography) Exhibit 19. U.S. Trade in Goods by Selected Countries and Areas—Census Basis Exhibit 20. U.S. Trade in Goods and Services by Selected Countries and Areas—BOP Basis Exhibit 20a. U.S. Trade in Goods by Selected Countries and Areas—BOP Basis Exhibit 20b. U.S. Trade in Services by Selected Countries and Areas

    – 13 –

  • Part A: Seasonally Adjusted (by Commodity/Service)

    Exhibit 1. U.S. International Trade in Goods and ServicesIn millions of dollars. Details may not equal totals due to seasonal adjustment and rounding. (R) - Revised.

    Balance Exports Imports

    Total Goods (1) Services Total Goods (1) Services Total Goods (1) Services

    2018

    Jan. - Dec. -579,937 -880,301 300,364 2,539,383 1,676,950 862,433 3,119,320 2,557,251 562,069

    Jan. - Oct. -473,889 -726,207 252,318 2,118,974 1,400,680 718,294 2,592,863 2,126,887 465,976

    January -47,247 -73,817 26,569 207,127 134,878 72,249 254,374 208,694 45,680

    February -48,714 -74,608 25,894 209,943 137,412 72,531 258,657 212,020 46,637

    March -42,893 -69,480 26,586 213,279 140,700 72,579 256,173 210,179 45,993

    April -44,666 -69,483 24,817 212,096 140,965 71,130 256,762 210,448 46,313

    May -41,160 -66,212 25,052 215,032 143,726 71,306 256,192 209,937 46,255

    June -44,404 -69,110 24,706 212,549 141,368 71,180 256,953 210,479 46,474

    July -50,572 -75,137 24,565 210,606 139,155 71,451 261,179 214,292 46,886

    August -50,381 -75,351 24,970 210,833 139,021 71,812 261,214 214,372 46,842

    September -51,453 -76,395 24,942 213,188 141,164 72,023 264,641 217,559 47,082

    October -52,398 -76,615 24,217 214,322 142,290 72,031 266,719 218,905 47,814

    November -49,634 -73,884 24,250 211,465 139,385 72,080 261,099 213,269 47,830

    December -56,413 -80,209 23,796 208,944 136,885 72,059 265,357 217,094 48,263

    2019

    Jan. - Dec. -576,865 -864,331 287,466 2,528,262 1,652,437 875,825 3,105,127 2,516,767 588,359

    Jan. - Oct. -490,135 -728,965 238,830 2,106,196 1,377,898 728,298 2,596,330 2,106,862 489,468

    January -49,023 -72,369 23,346 210,243 138,878 71,366 259,267 211,247 48,020

    February -47,300 -71,032 23,732 210,809 139,190 71,619 258,109 210,222 47,887

    March -48,914 -72,732 23,817 213,157 140,980 72,177 262,072 213,712 48,360

    April -49,203 -73,312 24,109 209,288 136,436 72,852 258,491 209,748 48,743

    May -51,258 -75,962 24,704 212,852 139,091 73,761 264,110 215,053 49,057

    June -51,749 -75,298 23,549 209,254 135,542 73,712 261,003 210,839 50,164

    July -51,041 -74,606 23,565 210,462 137,465 72,997 261,503 212,071 49,432

    August -50,778 -74,598 23,820 210,517 137,358 73,159 261,295 211,956 49,339

    September -47,839 -71,925 24,085 209,210 136,108 73,102 257,049 208,032 49,017

    October -43,029 -67,131 24,102 210,403 136,851 73,552 253,432 203,982 49,449

    November -41,054 -65,391 24,337 210,571 136,888 73,682 251,625 202,280 49,345

    December -45,676 -69,975 24,299 211,496 137,651 73,845 257,171 207,625 49,546

    2020

    Jan. - Oct. -536,694 -738,269 201,575 1,760,278 1,175,740 584,537 2,296,971 1,914,009 382,962

    January -43,364 -66,127 22,763 209,270 137,227 72,043 252,634 203,354 49,280

    February -37,008 -59,760 22,752 209,652 138,457 71,194 246,660 198,217 48,443

    March -46,104 -65,861 19,757 186,630 127,848 58,782 232,734 193,709 39,025

    April (R) -51,887 -71,658 19,771 149,101 95,702 53,399 200,988 167,360 33,628

    May (R) -55,594 -76,089 20,494 144,001 89,973 54,029 199,596 166,061 33,534

    June (R) -51,205 -71,798 20,593 157,628 103,051 54,577 208,833 174,849 33,984

    July (R) -61,406 -80,887 19,481 170,071 115,525 54,547 231,477 196,411 35,066

    August (R) -64,918 -83,903 18,985 173,864 118,956 54,908 238,783 202,860 35,923

    September (R) -62,083 -80,775 18,692 178,045 122,654 55,391 240,129 203,430 36,699

    October -63,123 -81,410 18,287 182,015 126,346 55,668 245,138 207,756 37,382

    November

    December

    September data as published last month:

    -63,862 -80,686 16,824 176,354 122,779 53,575 240,216 203,465 36,751

    (1) Data are presented on a balance of payments (BOP) basis.

    NOTE: For information on data sources and methodology, see the explanatory notes in this release or at www.census.gov/ft900 or

    www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services.

    Period

    – 14 –

  • Part A: Seasonally Adjusted (by Commodity/Service)

    Exhibit 2. U.S. International Trade in Goods and Services

    Three-Month Moving AveragesIn millions of dollars. Details may not equal totals due to seasonal adjustment and rounding. (R) - Revised.

    Balance Exports Imports

    Total Goods (1) Services Total Goods (1) Services Total Goods (1) Services

    2018

    January -46,638 -72,101 25,462 207,634 136,143 71,491 254,272 208,243 46,029

    February -47,690 -73,536 25,845 208,882 136,852 72,030 256,572 210,388 46,184

    March -46,285 -72,635 26,350 210,116 137,663 72,453 256,401 210,298 46,103

    April -45,425 -71,190 25,766 211,773 139,692 72,080 257,197 210,883 46,315

    May -42,906 -68,391 25,485 213,469 141,797 71,672 256,375 210,188 46,187

    June -43,410 -68,268 24,858 213,225 142,020 71,206 256,636 210,288 46,347

    July -45,379 -70,153 24,774 212,729 141,416 71,312 258,108 211,570 46,538

    August -48,452 -73,199 24,747 211,329 139,848 71,481 259,782 213,048 46,734

    September -50,802 -75,628 24,826 211,542 139,780 71,762 262,345 215,408 46,937

    October -51,411 -76,120 24,710 212,781 140,825 71,956 264,191 216,946 47,246

    November -51,162 -75,631 24,470 212,992 140,947 72,045 264,153 216,578 47,575

    December -52,815 -76,903 24,088 211,577 139,520 72,057 264,392 216,423 47,969

    2019

    January -51,690 -75,487 23,797 210,217 138,383 71,835 261,908 213,870 48,038

    February -50,912 -74,537 23,625 209,999 138,318 71,681 260,911 212,854 48,057

    March -48,412 -72,044 23,632 211,403 139,683 71,721 259,816 211,727 48,089

    April -48,472 -72,359 23,886 211,085 138,869 72,216 259,557 211,227 48,330

    May -49,792 -74,002 24,210 211,766 138,836 72,930 261,558 212,838 48,720

    June -50,737 -74,857 24,121 210,465 137,023 73,442 261,202 211,880 49,321

    July -51,349 -75,289 23,939 210,856 137,366 73,490 262,205 212,655 49,551

    August -51,189 -74,834 23,645 210,078 136,788 73,290 261,267 211,622 49,645

    September -49,886 -73,710 23,824 210,063 136,977 73,086 259,949 210,686 49,263

    October -47,215 -71,218 24,002 210,043 136,772 73,271 257,259 207,990 49,268

    November -43,974 -68,149 24,175 210,061 136,616 73,445 254,035 204,765 49,271

    December -43,253 -67,499 24,246 210,823 137,130 73,693 254,076 204,629 49,447

    2020

    January -43,365 -67,164 23,800 210,445 137,255 73,190 253,810 204,420 49,390

    February -42,016 -65,287 23,271 210,139 137,778 72,361 252,155 203,066 49,089

    March -42,159 -63,916 21,757 201,851 134,511 67,340 244,009 198,427 45,582

    April (R) -45,000 -65,760 20,760 181,794 120,669 61,125 226,794 186,429 40,365

    May (R) -51,195 -71,203 20,007 159,911 104,508 55,403 211,106 175,710 35,396

    June (R) -52,896 -73,182 20,286 150,243 96,242 54,001 203,139 169,424 33,715

    July (R) -56,068 -76,258 20,189 157,234 102,849 54,384 213,302 179,107 34,195

    August (R) -59,177 -78,863 19,686 167,188 112,511 54,677 226,364 191,373 34,991

    September (R) -62,803 -81,855 19,053 173,994 119,045 54,949 236,796 200,900 35,896

    October -63,375 -82,030 18,655 177,975 122,652 55,322 241,350 204,682 36,668

    November

    December

    (1) Data are presented on a BOP basis.

    NOTES:

    * The three-month moving averages shown in this exhibit are computed by summing the subject month and the two prior months,

    dividing by three, and showing the average at the end month of the period. A moving average is useful in smoothing the volatile

    trade data so that trends can better be discerned.

    * For information on data sources and methodology, see the explanatory notes in this release or at www.census.gov/ft900 or

    www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services.

    Month of

    Moving

    Average

    – 15 –

  • Part A: Seasonally Adjusted (by Commodity/Service)

    Exhibit 3. U.S. Exports of Services by Major CategoryIn millions of dollars. Details may not equal totals due to seasonal adjustment and rounding. (R) - Revised.

    PeriodTotal

    Services

    Maintenance

    and Repair

    Services n.i.e.

    Transport Travel (1) ConstructionInsurance

    Services

    Financial

    Services

    Charges for the

    Use of

    Intellectual

    Property n.i.e.

    Telecommuni-

    cations,

    Computer, and

    Information

    Services

    Other

    Business

    Services

    Personal,

    Cultural, and

    Recreational

    Services

    Government

    Goods and

    Services n.i.e.

    2018

    Jan. - Dec. 862,433 27,948 93,251 196,465 2,948 17,904 132,420 118,875 49,653 177,261 23,759 21,949

    Jan. - Oct. 718,294 23,060 77,832 164,008 2,363 15,013 110,599 99,646 41,232 146,541 19,755 18,245

    January 72,249 2,108 7,638 16,672 206 1,526 11,014 10,363 4,205 14,652 2,168 1,696

    February 72,531 2,185 7,779 16,679 216 1,500 11,002 10,267 4,226 14,736 2,209 1,731

    March 72,579 2,275 7,825 16,869 224 1,479 11,032 10,130 4,231 14,611 2,109 1,793

    April 71,130 2,278 7,711 16,219 230 1,461 11,029 9,952 4,219 14,278 1,871 1,882

    May 71,306 2,283 7,854 16,472 235 1,464 11,142 9,850 4,174 14,163 1,752 1,918

    June 71,180 2,266 7,797 16,315 237 1,487 11,238 9,825 4,096 14,266 1,753 1,901

    July 71,451 2,321 7,797 16,319 237 1,530 11,095 9,876 3,985 14,587 1,873 1,832

    August 71,812 2,409 7,836 16,177 243 1,544 11,146 9,872 3,955 14,864 1,961 1,804

    September 72,023 2,442 7,805 16,240 257 1,531 10,999 9,813 4,006 15,097 2,017 1,817

    October 72,031 2,492 7,789 16,045 277 1,491 10,902 9,698 4,137 15,286 2,041 1,872

    November 72,080 2,464 7,719 16,167 290 1,458 10,875 9,628 4,206 15,370 2,028 1,875

    December 72,059 2,424 7,700 16,290 295 1,433 10,947 9,602 4,214 15,350 1,976 1,828

    2019

    Jan. - Dec. 875,825 27,868 91,092 193,315 3,189 16,238 135,698 117,401 55,657 189,441 23,372 22,555

    Jan. - Oct. 728,298 22,906 75,942 161,093 2,712 13,781 112,780 97,335 46,108 157,661 19,375 18,604

    January 71,366 2,295 7,795 15,956 291 1,417 11,038 9,619 4,160 15,224 1,887 1,683

    February 71,619 2,190 7,711 16,242 283 1,395 11,132 9,646 4,215 15,241 1,851 1,713

    March 72,177 2,212 7,631 16,320 271 1,368 11,313 9,683 4,381 15,399 1,870 1,730

    April 72,852 2,123 7,722 16,158 253 1,336 11,450 9,730 4,655 15,701 1,942 1,782

    May 73,761 2,225 7,647 16,448 249 1,335 11,547 9,750 4,815 15,914 1,981 1,851

    June 73,712 2,304 7,560 16,253 258 1,365 11,432 9,743 4,858 16,039 1,988 1,913

    July 72,997 2,323 7,383 15,899 281 1,426 11,184 9,708 4,786 16,077 1,963 1,967

    August 73,159 2,365 7,518 15,903 288 1,437 11,152 9,728 4,745 16,075 1,953 1,995

    September 73,102 2,399 7,432 15,919 280 1,396 11,147 9,801 4,736 16,035 1,959 1,997

    October 73,552 2,470 7,543 15,997 257 1,305 11,385 9,927 4,757 15,956 1,981 1,973

    November 73,682 2,492 7,521 16,082 242 1,244 11,452 10,012 4,771 15,903 1,995 1,968

    December 73,845 2,469 7,628 16,140 235 1,213 11,466 10,054 4,778 15,877 2,002 1,982

    2020

    Jan. - Oct. 584,537 12,672 47,716 67,050 1,949 12,351 113,031 95,265 45,136 155,060 15,094 19,213

    January 72,043 1,765 7,774 15,419 212 1,259 11,369 9,765 4,608 16,053 1,830 1,987

    February 71,194 1,298 7,597 15,714 199 1,281 11,299 9,583 4,504 16,153 1,599 1,966

    March 58,782 1,125 5,414 7,849 177 1,279 10,970 8,971 4,324 15,216 1,536 1,920

    April (R) 53,399 1,132 3,483 4,568 164 1,251 11,008 8,809 4,477 15,344 1,362 1,800

    May (R) 54,029 1,219 3,585 4,377 171 1,231 11,199 8,881 4,590 15,641 1,371 1,764

    June (R) 54,577 1,272 3,826 3,959 185 1,220 11,459 9,187 4,606 15,650 1,400 1,813

    July (R) 54,547 1,225 3,857 3,607 206 1,217 11,427 9,726 4,525 15,372 1,449 1,936

    August (R) 54,908 1,179 3,960 3,645 216 1,212 11,444 10,058 4,485 15,212 1,488 2,008

    September (R) 55,391 1,254 4,023 3,847 216 1,205 11,465 10,183 4,487 15,171 1,518 2,023

    October 55,668 1,202 4,197 4,066 204 1,195 11,391 10,101 4,530 15,247 1,538 1,996

    November

    December

    September data as published last month:

    53,575 1,134 4,204 3,734 179 1,212 11,008 8,891 4,359 15,096 1,776 1,981

    n.i.e. Not included elsewhere

    (1) All travel purposes include 1) business travel, including expenditures by border, seasonal, and other short-term workers and 2) personal travel, including health-related and education-related travel.

    NOTE: For information on data sources, methodology, and definitions, see the explanatory notes in this release or at www.census.gov/ft900 or

    www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services.

    – 16 –

    http://www.bea.gov/newsreleases/international/trade/tradnewsrelease.htm.

  • Part A: Seasonally Adjusted (by Commodity/Service)

    Exhibit 4. U.S. Imports of Services by Major CategoryIn millions of dollars. Details may not equal totals due to seasonal adjustment and rounding. (R) - Revised.

    PeriodTotal

    Services

    Maintenance

    and Repair

    Services n.i.e.

    Transport Travel (1) ConstructionInsurance

    Services

    Financial

    Services

    Charges for the

    Use of

    Intellectual

    Property n.i.e.

    Telecommuni-

    cations,

    Computer, and

    Information

    Services

    Other

    Business

    Services

    Personal,

    Cultural, and

    Recreational

    Services

    Government

    Goods and

    Services n.i.e.

    2018

    Jan. - Dec. 562,069 7,133 106,303 126,008 3,151 43,735 39,249 43,933 42,558 107,834 19,190 22,975

    Jan. - Oct. 465,976 5,864 88,010 104,285 2,567 36,014 32,646 36,454 35,490 89,621 15,906 19,119

    January 45,680 575 8,360 10,161 220 3,612 3,214 3,673 3,583 8,908 1,504 1,869

    February 46,637 569 8,606 10,283 242 3,434 3,201 4,457 3,567 8,864 1,526 1,887

    March 45,993 549 8,685 10,583 251 3,393 3,217 3,413 3,574 8,853 1,578 1,898

    April 46,313 514 8,861 10,420 246 3,488 3,314 3,430 3,605 8,875 1,658 1,903

    May 46,255 514 8,711 10,332 244 3,559 3,342 3,440 3,604 8,911 1,687 1,910

    June 46,474 545 8,718 10,242 244 3,606 3,310 3,691 3,572 8,961 1,664 1,921

    July 46,886 612 8,939 10,492 246 3,630 3,224 3,685 3,509 9,026 1,590 1,934

    August 46,842 662 8,854 10,588 261 3,680 3,293 3,469 3,478 9,066 1,553 1,939

    September 47,082 666 8,952 10,582 287 3,755 3,245 3,541 3,481 9,082 1,553 1,935

    October 47,814 659 9,324 10,603 326 3,857 3,287 3,654 3,516 9,074 1,592 1,923

    November 47,830 604 9,045 10,798 319 3,884 3,285 3,725 3,534 9,088 1,627 1,922

    December 48,263 664 9,249 10,925 265 3,837 3,318 3,754 3,534 9,125 1,658 1,933

    2019

    Jan. - Dec. 588,359 7,823 107,458 134,594 1,327 51,547 40,350 42,733 43,720 113,584 21,140 24,083

    Jan. - Oct. 489,468 6,511 89,750 112,155 1,113 42,197 33,647 35,685 36,315 94,622 17,462 20,010

    January 48,020 626 9,305 10,877 164 3,716 3,351 3,743 3,517 9,134 1,685 1,901

    February 47,887 632 9,007 11,056 103 3,726 3,246 3,700 3,530 9,178 1,711 1,997

    March 48,360 712 9,017 11,124 82 3,867 3,380 3,625 3,574 9,242 1,734 2,004

    April 48,743 648 8,858 11,406 100 4,139 3,369 3,517 3,648 9,326 1,755 1,977

    May 49,057 646 9,059 11,144 111 4,323 3,443 3,465 3,688 9,430 1,764 1,985

    June 50,164 670 8,975 12,118 115 4,418 3,393 3,466 3,694 9,555 1,759 2,000

    July 49,432 663 8,983 11,186 112 4,426 3,409 3,521 3,666 9,700 1,741 2,024

    August 49,339 636 8,874 11,116 110 4,459 3,402 3,552 3,655 9,754 1,743 2,038

    September 49,017 642 8,811 10,849 108 4,518 3,345 3,558 3,661 9,717 1,764 2,043

    October 49,449 636 8,861 11,278 107 4,604 3,307 3,539 3,683 9,588 1,805 2,040

    November 49,345 653 8,758 11,247 107 4,661 3,322 3,527 3,699 9,502 1,832 2,037

    December 49,546 660 8,950 11,191 107 4,689 3,381 3,521 3,706 9,459 1,846 2,036

    2020

    Jan. - Oct. 382,962 4,743 58,716 33,842 818 49,693 32,831 35,938 30,501 95,600 19,788 20,492

    January 49,280 571 8,833 10,828 109 4,684 3,363 3,746 3,451 9,791 1,870 2,033

    February 48,443 532 8,475 10,265 110 4,696 3,258 3,866 3,306 10,004 1,900 2,032

    March 39,025 458 5,998 3,772 95 4,724 3,437 3,582 3,150 9,877 1,896 2,035

    April (R) 33,628 431 4,457 914 84 4,818 3,203 3,046 3,112 9,605 1,916 2,041

    May (R) 33,534 458 4,470 777 83 4,912 3,231 2,900 3,129 9,568 1,959 2,047

    June (R) 33,984 454 4,701 770 79 5,006 3,272 3,089 3,074 9,493 1,993 2,052

    July (R) 35,066 472 4,942 1,162 70 5,100 3,302 3,615 2,948 9,380 2,017 2,058

    August (R) 35,923 461 5,347 1,441 65 5,183 3,215 3,950 2,846 9,309 2,046 2,062

    September (R) 36,699 446 5,604 1,787 61 5,254 3,260 4,095 2,769 9,280 2,078 2,065

    October 37,382 461 5,891 2,125 60 5,314 3,290 4,050 2,716 9,294 2,113 2,067

    November

    December

    September data as published last month:

    36,751 449 5,491 1,727 91 5,146 3,140 3,517 3,216 9,892 2,021 2,060

    n.i.e. Not included elsewhere

    (1) All travel purposes include 1) business travel, including expenditures by border, seasonal, and other short-term workers and 2) personal travel, including health-related and education-related travel.

    NOTE: For information on data sources, methodology, and definitions, see the explanatory notes in this release or at www.census.gov/ft900 or

    www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services.

    – 17 –

  • Part A: Seasonally Adjusted (by Commodity/Service)

    Exhibit 5. U.S. Trade in GoodsIn millions of dollars. Details may not equal totals due to seasonal adjustment and rounding. (R) - Revised.

    Balance Exports Imports

    Total Balance

    of Payments

    Basis

    Total Census

    Basis

    Total Balance

    of Payments

    Basis

    Net

    Adjustments

    Total Census

    Basis

    Total Balance

    of Payments

    Basis

    Net

    Adjustments

    Total Census

    Basis

    2018

    Jan. - Dec. -880,301 -872,041 1,676,950 11,262 1,665,688 2,557,251 19,522 2,537,729Jan. - Oct. -726,207 -719,455 1,400,680 9,520 1,391,160 2,126,887 16,273 2,110,615

    January -73,817 -73,162 134,878 1,008 133,870 208,694 1,663 207,031

    February -74,608 -74,022 137,412 953 136,458 212,020 1,540 210,480

    March -69,480 -68,868 140,700 906 139,794 210,179 1,517 208,663

    April -69,483 -68,781 140,965 960 140,006 210,448 1,661 208,787

    May -66,212 -65,522 143,726 1,071 142,654 209,937 1,761 208,176

    June -69,110 -68,509 141,368 941 140,427 210,479 1,542 208,937

    July -75,137 -74,446 139,155 919 138,237 214,292 1,610 212,682

    August -75,351 -74,518 139,021 916 138,105 214,372 1,749 212,623

    September -76,395 -75,754 141,164 896 140,268 217,559 1,537 216,022

    October -76,615 -75,873 142,290 950 141,340 218,905 1,692 217,213

    November -73,884 -73,057 139,385 870 138,516 213,269 1,697 211,572

    December -80,209 -79,529 136,885 872 136,013 217,094 1,552 215,542

    2019

    Jan. - Dec. -864,331 -854,371 1,652,437 9,276 1,643,161 2,516,767 19,236 2,497,531Jan. - Oct. -728,965 -720,406 1,377,898 7,856 1,370,041 2,106,862 16,415 2,090,448

    January -72,369 -71,491 138,878 722 138,156 211,247 1,600 209,647

    February -71,032 -70,220 139,190 865 138,325 210,222 1,677 208,545

    March -72,732 -71,980 140,980 848 140,132 213,712 1,599 212,112

    April -73,312 -72,525 136,436 897 135,539 209,748 1,684 208,064

    May -75,962 -74,949 139,091 769 138,322 215,053 1,783 213,271

    June -75,298 -74,486 135,542 773 134,769 210,839 1,585 209,254

    July -74,606 -73,639 137,465 769 136,696 212,071 1,736 210,334

    August -74,598 -73,662 137,358 788 136,570 211,956 1,724 210,232

    September -71,925 -71,139 136,108 722 135,386 208,032 1,507 206,525

    October -67,131 -66,315 136,851 703 136,148 203,982 1,519 202,463

    November -65,391 -64,721 136,888 703 136,186 202,280 1,373 200,906

    December -69,975 -69,243 137,651 717 136,934 207,625 1,448 206,177

    2020

    Jan. - Oct. -738,269 -729,264 1,175,740 2,813 1,172,927 1,914,009 11,817 1,902,192

    January -66,127 -65,550 137,227 861 136,366 203,354 1,439 201,915

    February -59,760 -58,851 138,457 716 137,741 198,217 1,625 196,592

    March -65,861 -64,942 127,848 263 127,586 193,709 1,182 192,527

    April (R) -71,658 -70,717 95,702 47 95,656 167,360 987 166,373

    May (R) -76,089 -75,380 89,973 24 89,948 166,061 733 165,328

    June (R) -71,798 -70,954 103,051 184 102,867 174,849 1,028 173,821

    July (R) -80,887 -80,012 115,525 188 115,337 196,411 1,062 195,349

    August (R) -83,903 -83,080 118,956 232 118,725 202,860 1,054 201,805

    September (R) -80,775 -79,361 122,654 118 122,536 203,430 1,533 201,897

    October -81,410 -80,417 126,346 181 126,165 207,756 1,174 206,583

    November

    December

    September data as published last month:

    -80,686 -79,355 122,779 233 122,546 203,465 1,564 201,902

    NOTE: For information on data sources, nonsampling errors, definitions, and details concerning what is included in Net Adjustments, see the explanatory notes in

    this release or at www.census.gov/ft900 or www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services.

    Period

    – 18 –

  • Part A: Seasonally Adjusted (by Commodity/Service)

    Exhibit 6. U.S. Trade in Goods by Principal End-Use CategoryIn millions of dollars. Details may not equal totals due to seasonal adjustment and rounding. (R) - Revised.

    End-Use Commodity Category

    Foods, Feeds,

    & Beverages

    Industrial

    Supplies (2)Capital Goods

    Automotive

    Vehicles, etc.

    Consumer

    GoodsOther Goods

    Exports

    2019

    Jan. - Dec. 1,652,437 9,276 1,643,161 131,103 529,782 547,869 162,468 205,681 66,258

    Jan. - Oct. 1,377,898 7,856 1,370,041 109,444 440,270 457,346 135,965 172,438 54,578

    January 138,878 722 138,156 10,864 44,302 46,601 13,460 17,511 5,417

    February 139,190 865 138,325 10,571 43,471 47,820 13,674 17,571 5,219

    March 140,980 848 140,132 10,945 44,684 47,609 13,813 17,658 5,423

    April 136,436 897 135,539 11,164 44,270 44,748 13,216 17,171 4,969

    May 139,091 769 138,322 11,169 44,156 45,857 13,735 17,927 5,478

    June 135,542 773 134,769 11,067 43,791 44,842 13,489 16,204 5,377

    July 137,465 769 136,696 11,056 43,041 45,630 13,853 17,600 5,516

    August 137,358 788 136,570 11,557 43,877 44,348 14,050 16,977 5,762

    September 136,108 722 135,386 10,559 43,849 44,967 13,421 17,037 5,553

    October 136,851 703 136,148 10,492 44,829 44,925 13,254 16,783 5,866

    November 136,888 703 136,186 10,754 44,236 45,430 13,516 16,777 5,472

    December 137,651 717 136,934 10,905 45,276 45,093 12,986 16,466 6,207

    2020

    Jan. - Oct. 1,175,740 2,813 1,172,927 110,657 386,744 381,703 102,921 142,369 48,533

    January 137,227 861 136,366 10,933 45,663 44,612 13,178 16,497 5,483

    February 138,457 716 137,741 11,071 46,646 44,724 13,453 15,949 5,898

    March 127,848 263 127,586 10,783 43,036 42,464 11,201 14,785 5,316

    April (R) 95,702 47 95,656 10,783 33,870 32,346 3,828 10,411 4,418

    May (R) 89,973 24 89,948 10,420 29,969 31,476 3,400 10,944 3,741

    June (R) 103,051 184 102,867 9,954 32,805 35,246 8,312 12,297 4,253

    July (R) 115,525 188 115,337 10,211 35,288 37,722 12,156 14,899 5,061

    August (R) 118,956 232 118,725 11,268 39,160 36,299 12,204 15,099 4,695

    September (R) 122,654 118 122,536 12,867 39,342 37,672 12,515 15,292 4,847

    October 126,346 181 126,165 12,368 40,964 39,142 12,674 16,196 4,822

    NovemberDecember

    Imports

    2019

    Jan. - Dec. 2,516,767 19,236 2,497,531 150,510 521,514 677,758 375,934 653,629 118,186

    Jan. - Oct. 2,106,862 16,415 2,090,448 125,860 435,911 566,470 315,658 548,988 97,561

    January 211,247 1,600 209,647 12,391 43,909 56,961 31,817 55,660 8,909

    February 210,222 1,677 208,545 11,951 42,760 57,325 31,667 55,426 9,416

    March 213,712 1,599 212,112 12,851 45,195 57,889 31,840 54,782 9,555

    April 209,748 1,684 208,064 12,760 44,524 55,804 31,034 54,866 9,076

    May 215,053 1,783 213,271 12,671 46,032 56,856 32,680 55,311 9,721

    June 210,839 1,585 209,254 12,638 42,725 56,874 32,260 54,277 10,480

    July 212,071 1,736 210,334 12,735 44,060 55,667 32,407 55,505 9,960

    August 211,956 1,724 210,232 12,621 42,753 56,962 31,769 56,410 9,717

    September 208,032 1,507 206,525 12,747 42,088 56,025 30,957 54,492 10,216

    October 203,982 1,519 202,463 12,494 41,865 56,107 29,228 52,259 10,511

    November 202,280 1,373 200,906 12,306 41,195 55,387 30,167 51,895 9,956

    December 207,625 1,448 206,177 12,344 44,408 55,901 30,108 52,746 10,670

    2020

    Jan. - Oct. 1,914,009 11,817 1,902,192 128,091 397,909 527,542 246,358 514,976 87,317

    January 203,354 1,439 201,915 13,011 42,310 55,195 29,185 52,554 9,659

    February 198,217 1,625 196,592 12,524 40,866 52,000 30,564 50,739 9,898

    March 193,709 1,182 192,527 12,829 41,124 53,923 27,902 46,888 9,862

    April (R) 167,360 987 166,373 12,063 41,424 48,174 13,352 43,809 7,552

    May (R) 166,061 733 165,328 12,098 43,693 47,538 8,966 45,715 7,317

    June (R) 174,849 1,028 173,821 12,403 35,405 49,776 18,628 50,454 7,155

    July (R) 196,411 1,062 195,349 12,798 39,776 53,864 26,354 54,029 8,528

    August (R) 202,860 1,054 201,805 13,486 38,208 54,678 28,013 57,827 9,593

    September (R) 203,430 1,533 201,897 13,529 36,887 55,509 31,191 55,775 9,006

    October 207,756 1,174 206,583 13,350 38,214 56,884 32,203 57,186 8,746

    November

    December

    (1) Detailed data are presented on a Census basis. The information needed to convert to a BOP basis is not available.

    (2) Includes petroleum and petroleum products.

    NOTE: For information on data sources, nonsampling errors, definitions, and details concerning what is included in Net Adjustments, see the explanatory notes in this

    release or at www.census.gov/ft900 or www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services.

    Period

    Total Balance

    of Payments

    Basis

    Net

    Adjustments

    Total Census

    Basis (1)

    – 19 –

  • Part A: Seasonally Adjusted (by Commodity/Service)

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

    October September Monthly Year-to-Date Year-to-Date Year-to-Date

    2020 2020 (R) Change 2020 2019 Change

    Total, Balance of Payments Basis 126,346 122,654 3,692 1,175,740 1,377,898 -202,157

    Net Adjustments 181 118 62 2,813 7,856 -5,043

    Total, Census Basis 126,165 122,536 3,630 1,172,927 1,370,041 -197,114

    Foods, feeds, and beverages 12,368 12,867 -499 110,657 109,444 1,214

    Soybeans 2,859 3,583 -724 17,834 16,685 1,149Wheat 549 619 -70 5,351 5,372 -21Nuts 747 786 -39 7,749 8,305 -557Sorghum, barley, oats 79 115 -36 1,002 453 549Nonagricultural foods, etc. 34 44 -10 361 330 31Other foods 1,354 1,352 2 12,913 13,083 -170Animal feeds, n.e.c. 760 757 3 7,637 7,300 337Bakery products 497 493 4 4,750 5,216 -466Dairy products and eggs 453 438 15 4,605 4,048 557Fruits, frozen juices 685 667 18 6,695 6,974 -279Wine, beer, and related products 183 166 18 1,654 1,775 -121Oilseeds, food oils 253 230 22 2,245 2,010 236Alcoholic beverages, excluding wine 167 141 26 1,753 1,689 64Corn 865 837 28 8,184 7,456 729Vegetables 607 572 35 5,654 5,880 -226Rice 174 116 58 1,542 1,614 -72Fish and shellfish 400 334 66 3,868 4,567 -700Meat, poultry, etc. 1,702 1,616 85 16,860 16,685 175

    Industrial supplies and materials 40,964 39,342 1,621 386,744 440,270 -53,526

    Gas-natural 1,893 1,424 469 14,051 12,300 1,750Chemicals-organic 2,398 1,993 405 21,836 24,164 -2,329Natural gas liquids 1,568 1,228 340 12,866 14,552 -1,686Cotton, raw 850 566 284 5,167 5,118 49Chemicals-other 2,975 2,802 173 26,751 27,711 -959Steelmaking materials 630 518 113 5,634 6,608 -974Other industrial supplies 2,261 2,153 108 20,914 23,139 -2,226Plastic materials 2,921 2,820 102 28,039 31,356 -3,318Nonmonetary gold 2,448 2,346 101 18,612 14,947 3,664Finished metal shapes 1,631 1,536 95 14,479 16,783 -2,304Aluminum and alumina 575 501 74 4,975 6,237 -1,262Iron and steel products, other 482 436 46 4,354 5,250 -895Logs and lumber 435 392 43 3,974 4,426 -453Nonferrous metals, other 479 438 42 5,320 6,755 -1,434Mineral supplies-manufactured 503 468 35 4,863 5,676 -813Chemicals-inorganic 779 747 32 7,393 7,842 -449Iron and steel mill products 631 601 30 5,297 6,680 -1,383Shingles, molding, wallboard 369 343 26 3,306 3,865 -560Coal and fuels, other 456 432 24 4,501 5,494 -993Synthetic rubber-primary 243 221 22 2,062 2,602 -540Finished textile supplies 232 213 19 2,094 2,479 -385Agriculture-manufactured, other 300 284 15 2,877 2,827 50Pulpwood and woodpulp 653 639 14 6,373 7,300 -928Copper 595 585 10 5,196 5,878 -682Industrial rubber products 373 364 8 3,363 3,854 -492Leather and furs 51 44 7 450 655 -205Chemicals-fertilizers 741 734 7 6,965 7,310 -345Hides and skins 70 64 6 704 886 -182Nonmetallic minerals 54 48 5 515 688 -174Hair, waste materials 43 39 5 391 499 -108Cotton fiber cloth 128 124 3 1,018 1,750 -732Wood supplies, manufactured 85 83 2 801 936 -134Nuclear fuel materials 87 85 2 640 480 160Tapes, audio and visual 7 7 (-) 79 117 -38Tobacco, unmanufactured 58 60 -2 674 649 25Metallurgical grade coal 339 342 -2 3,713 6,310 -2,596Nontextile floor tiles 36 39 -3 353 442 -90Manmade cloth 484 487 -3 4,610 5,540 -930Glass-plate, sheet, etc. 104 108 -4 976 1,131 -155Electric energy 16 20 -4 169 390 -221Newsprint 940 953 -13 9,684 10,672 -988Agric. industry-unmanufactured 353 394 -41 3,552 3,332 220Petroleum products, other 3,289 3,344 -55 33,897 46,280 -12,384Agric. farming-unmanufactured 226 294 -68 2,632 2,826 -195Fuel oil 1,811 1,979 -167 24,337 34,364 -10,027Precious metals, other 1,681 1,993 -312 14,119 8,402 5,717Crude oil 3,683 4,053 -371 42,171 52,767 -10,596

    In millions of dollars. Details may not equal totals due to seasonal adjustment and rounding. The commodities in this exhibit are ranked

    on the monthly change within each major commodity grouping. (-) Represents zero or less than one-half of measurement shown. (R) - Revised.

    Item (1)

    – 20 –

  • Part A: Seasonally Adjusted (by Commodity/Service)

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

    October September Monthly Year-to-Date Year-to-Date Year-to-Date

    2020 2020 (R) Change 2020 2019 Change

    In millions of dollars. Details may not equal totals due to seasonal adjustment and rounding. The commodities in this exhibit are ranked

    on the monthly change within each major commodity grouping. (-) Represents zero or less than one-half of measurement shown. (R) - Revised.

    Item (1)

    Capital goods, except automotive 39,142 37,672 1,471 381,703 457,346 -75,643

    Engines-civilian aircraft 3,179 2,435 744 31,431 46,034 -14,603Semiconductors 4,683 4,300 383 45,440 41,048 4,392Computer accessories 2,189 2,063 126 20,734 26,091 -5,357Railway transportation equipment 289 197 92 2,496 3,182 -686Measuring, testing, control instruments 1,920 1,833 87 18,407 21,055 -2,647Parts-civilian aircraft 1,285 1,204 81 15,040 21,814 -6,774Medical equipment 3,149 3,080 69 30,517 32,209 -1,692Wood, glass, plastic 338 278 59 2,842 3,443 -601Telecommunications equipment 2,682 2,630 52 25,663 30,091 -4,428Photo, service industry machinery 690 643 48 6,441 8,574 -2,133Laboratory testing instruments 1,033 991 42 9,747 10,099 -352Electric apparatus 3,228 3,195 33 31,429 36,515 -5,086Food, tobacco machinery 298 265 33 2,795 3,080 -285Civilian aircraft 1,343 1,322 21 14,895 37,002 -22,108Metalworking machine tools 439 418 21 4,245 5,518 -1,273Specialized mining 81 63 19 695 986 -291Nonfarm tractors and parts 249 235 14 2,284 2,742 -458Pulp and paper machinery 172 161 11 1,700 1,892 -192Textile, sewing machines 72 65 7 690 921 -231Marine engines, parts 95 90 6 858 1,060 -202Spacecraft, excluding military 3 2 1 213 53 159Vessels, excluding scrap 6 6 (-) 33 118 -85Business machines and equipment 156 160 -4 1,518 1,894 -376Drilling & oilfield equipment 173 178 -4 2,408 4,252 -1,844Excavating machinery 759 764 -6 7,440 9,027 -1,587Commercial vessels, other 24 40 -16 312 295 18Agricultural machinery, equipment 577 607 -30 5,241 6,252 -1,011Materials handling equipment 814 847 -33 8,538 10,186 -1,648Generators, accessories 934 980 -46 9,376 10,311 -935Industrial machines, other 5,067 5,144 -78 47,128 47,189 -62Computers 1,391 1,519 -128 13,203 13,628 -425Industrial engines 1,821 1,955 -134 17,947 20,784 -2,838

    Automotive vehicles, parts, and engines 12,674 12,515 158 102,921 135,965 -33,045

    Passenger cars, new and used 4,625 4,391 235 36,257 45,727 -9,470Bodies and chassis for passenger cars 41 19 22 498 581 -83Automotive tires and tubes 257 244 12 2,065 2,877 -812Engines and engine parts 1,635 1,647 -12 13,809 17,959 -4,150Other parts and accessories of vehicles 4,407 4,431 -24 35,834 48,981 -13,147Trucks, buses, and special purpose vehicles 1,709 1,783 -74 14,458 19,840 -5,382

    Consumer goods 16,196 15,292 904 142,369 172,438 -30,069

    Gem diamonds 1,469 929 540 9,291 17,141 -7,850Jewelry, etc. 697 511 186 5,498 9,359 -3,861Artwork, antiques, stamps, etc. 864 763 101 6,868 10,507 -3,639Cell phones and other household goods, n.e.c. 2,123 2,053 70 19,351 22,937 -3,587Other consumer nondurables 560 519 41 5,339 5,751 -412Stereo equipment, etc. 246 206 40 1,830 1,692 138Apparel,household goods-nontextile 233 211 22 2,018 2,724 -706Recorded media 103 90 13 1,098 1,328 -230Musical instruments 178 167 11 1,474 1,747 -273Toys, games, and sporting goods 756 747 9 6,530 7,764 -1,234Numismatic coins 135 131 4 1,193 861 332Nursery stock, etc. 42 38 4 366 384 -18Cookware, cutlery, tools 93 91 1 830 974 -144Toiletries and cosmetics 1,120 1,120 (-) 10,284 11,487 -1,203Rugs 68 68 (-) 607 761 -154Furniture, household goods, etc. 390 390 (-) 3,350 4,105 -755Tobacco, manufactured 23 25 -1 316 992 -675Books, printed matter 306 308 -2 2,913 3,487 -574Glassware, chinaware 39 42 -3 377 463 -86Sports apparel and gear 58 65 -6 557 699 -143Pleasure boats and motors 192 199 -7 1,795 2,046 -251Household appliances 514 524 -10 4,697 5,119 -422Televisions and video equipment 209 219 -10 2,042 3,644 -1,602Apparel, household goods - textile 563 581 -18 4,901 5,875 -975Pharmaceutical preparations 5,214 5,294 -80 48,843 50,590 -1,747

    Other goods 4,822 4,847 -25 48,533 54,578 -6,045

    (1) Detailed data are presented on a Census basis. The information needed to convert to a BOP basis is not available.

    NOTE: For information on data sources, nonsampling errors, definitions, and details concerning what is included in Net Adjustments, see the

    explanatory notes in this release or at www.census.gov/ft900 or www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services.

    – 21 –

  • Part A: Seasonally Adjusted (by Commodity/Service)

    Exhibit 8. U.S. Imports of Goods by End-Use Category and Commodity

    October September Monthly Year-to-Date Year-to-Date Year-to-Date

    2020 2020 (R) Change 2020 2019 Change

    Total, Balance of Payments Basis 207,756 203,430 4,327 1,914,009 2,106,862 -192,853

    Net Adjustments 1,174 1,533 -359 11,817 16,415 -4,597

    Total, Census Basis 206,583 201,897 4,685 1,902,192 2,090,448 -188,256

    Foods, feeds, and beverages 13,350 13,529 -180 128,091 125,860 2,231

    Other foods 1,846 1,951 -105 17,227 16,107 1,120Alcoholic beverages, excluding wine 705 778 -73 7,360 8,068 -708Fish and shellfish 1,827 1,889 -62 17,907 18,426 -519Food oils, oilseeds 493 540 -47 5,206 4,996 210Meat products 1,076 1,120 -44 10,501 9,886 615Dairy products and eggs 162 202 -40 1,884 1,967 -83Cocoa beans 53 62 -8 834 781 54Cane and beet sugar 157 166 -8 1,705 1,265 441Vegetables 1,373 1,378 -5 13,127 11,717 1,410Nonagricultural foods, etc. 82 85 -3 942 942 (-)Nuts 236 235 2 2,466 2,714 -248Tea, spices, etc. 239 237 2 2,118 2,131 -13Wine, beer, and related products 1,071 1,056 15 9,874 10,280 -406Bakery products 1,114 1,090 24 10,623 10,520 103Green coffee 407 358 49 3,670 3,893 -222Feedstuff and foodgrains 625 571 55 5,837 5,384 453Fruits, frozen juices 1,883 1,814 69 16,808 16,784 23

    Industrial supplies and materials 38,214 36,887 1,327 397,909 435,911 -38,002

    Nonmonetary gold 1,596 1,103 493 32,077 6,941 25,137Crude oil 6,065 5,687 378 64,314 106,575 -42,261Copper 446 319 127 3,861 4,182 -321Chemicals-fertilizers 898 774 124 8,493 9,842 -1,350Liquefied petroleum gases 235 137 98 1,432 2,337 -905Nontextile floor tiles 570 477 92 4,968 4,930 38Nuclear fuel materials 248 159 89 1,972 2,613 -641Gas-natural 463 375 87 3,724 5,616 -1,892Industrial supplies, other 3,186 3,100 86 29,594 31,361 -1,768Lumber 1,046 970 77 6,311 4,901 1,410Zinc 188 127 61 1,656 1,792 -136Nonferrous metals, other 250 190 60 2,711 3,815 -1,104Shingles, wallboard 1,195 1,141 54 9,805 9,532 274Bauxite and aluminum 878 826 53 9,116 12,369 -3,253Chemicals-organic 2,069 2,019 50 21,626 22,869 -1,243Iron and steel mill products 915 865 50 9,977 13,814 -3,836Plywood and veneers 327 281 46 2,593 2,583 11Farming materials, livestock 169 130 39 1,378 1,480 -101Plastic materials 1,339 1,309 30 12,840 14,820 -1,979Stone, sand, cement, etc. 603 577 26 5,002 5,292 -289Materials, excluding chemicals 128 105 22 1,143 1,320 -177Sulfur, nonmetallic minerals 96 73 22 899 1,143 -244Iron and steel, advanced 916 896 19 8,523 9,897 -1,374Steelmaking materials 448 430 18 4,900 6,888 -1,988Glass-plate, sheet, etc. 175 162 14 1,499 1,636 -137Tobacco, waxes, etc. 708 698 10 7,179 7,203 -24Nickel 144 135 9 1,497 1,797 -300Blank tapes, audio & visual 28 19 9 230 259 -29Synthetic cloth 446 437 9 4,001 4,689 -688Hair, waste materials 83 75 8 720 885 -164Cotton cloth, fabrics 110 104 6 844 846 -1Coal and related fuels 160 155 6 1,551 1,613 -62Iron and steel products, n.e.c. 591 586 5 6,059 7,694 -1


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