skip to Main Content
BEA Logo
News
 
 


News Release: U.S. International Trade in Goods and Services: Annual Revision for 2002


The tables in this release are available in an XLS spreadsheet and the entire release is available in PDF format.
This release is issued jointly with the Bureau of Census and is made available on both the Census and the BEA Web sites; to visit the Census site, click here.
Many of the tables in our news releases are very wide. Printing tips are available.


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




                                        ECONOMICS
                                           AND
                                        STATISTICS
                                      ADMINISTRATION
                                      ------------
                                    U.S. Census Bureau
                                Bureau of Economic Analysis

CB-03-94
BEA-03-21
FT-900 (03)

June 13, 2003

For information on goods contact:
Haydn R. Mearkle           (301) 763-2246  U.S. Census Bureau
Nick Orsini                (301) 763-2311  U.S. Census Bureau

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




            U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES

                       Annual Revision for 2002


                              NOTICE

In this release and the accompanying "U.S. International Trade in Goods and
Services: April 2003," the Census Bureau and the Bureau of Economic Analysis
(BEA) are jointly publishing revised data on U.S. trade in goods for 2000-2002
and revised data for services for 1992-2002.

Goods

The 2002 not seasonally adjusted Census-basis goods data were revised to
eliminate monthly data that arrived too late for inclusion in the month of
transaction but that were included, initially, in the month in which the data
were received.  In addition, corrections were made to previously published data.
Once the redistributions of data to the proper month of transaction and corrections
were completed, factors for seasonal adjustments and trading day adjustments were
recomputed, and the seasonally adjusted current-dollar series were revised for
2000-2002.

With this release and the "U.S. International Trade in Goods and Services: April
2003" release, the U.S. Census Bureau is replacing its fixed-weighted constant dollar
series with a chained-dollar series.   We are adopting this methodology to improve the
quality of the constant dollar series and for consistency with other official government
statistics released by the Department of Commerce.

Services

The services accounts were revised for 1992-2002.  The revisions resulted from the
incorporation of results from BEA's annual and quarterly surveys, from BEA's 1999
Benchmark Survey of U.S. Direct Investment Abroad, and from other newly available
and updated source data.  Revisions from these sources have an impact mostly on
receipts and payments for royalties and license fees and other private services
for 1999-2002.

In addition, a new measure of insurance services, which are a component of other
private services, is introduced for 1992-2002.  Previously, the estimate of insurance
services equaled premiums minus losses.  A major shortcoming of this measure was that
it fluctuated sharply due to fluctuations in losses, and it could even become negative
when losses were exceptionally high.  The new measure calculates insurance services as
a share of premiums.  This amount is equal to premiums minus the portion of premiums
attributed to losses; the portion of premiums attributed to losses is based on the
relationship between losses and premiums averaged over a period of years.  The new
measure eliminates the sharp swings present in the old series whenever claims were
unusually high or low, and negative estimates of insurance services are now eliminated.
The impact on other private services is largest in 2001 and 2002.



                             Table of Contents

Seasonally Adjusted

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

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

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

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

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

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

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

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

Exhibit 8    Petroleum and Non-Petroleum End-Use Category Totals. . . . . . . 11

Exhibit 9    Real Exports of Goods by Principal End-Use
             Category (2000 Chain-weighted Dollars). . . . . . . . . . . . . .12

Exhibit 9a   Real Imports of Goods by Principal End-Use
             Category (2000 Chain-weighted Dollars). . . . . . . . . . . . . .13

Exhibit 10   Real Exports, Imports, and Balance of Goods, Petroleum and Non-
             Petroleum End-Use Commodity Category Totals
             (2000 Chain-weighted Dollars). . . . . . . . . . . . . . . . . . 14

Not Seasonally Adjusted

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

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

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

Exhibit 13    Exports, Imports, and Trade Balance by Country and Area,
              Not Seasonally Adjusted - 2002. . . . . . . . . . . . . . . . . 18

Exhibit 14    Exports and Imports of Goods by Principal SITC
              Commodity Groupings - 2002. . . . . . . . . . . . . . . . . . . 43

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

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

Exhibit 17    Exports and Imports of Motor Vehicles and Parts by
              Selected Countries - 2002. . . . . . . . . . . . . . . . . . . .53

1992-1999 Data

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

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

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