Home > News Release: U.S. International Trade in Goods and Services
FOR IMMEDIATE RELEASE AT 8:30 A.M. EST, THURSDAY, JANUARY 13, 2011
CB11-08
BEA 11-01
FT-900 (10-11)



* See the navigation bar at the right side of the news release text for links to data tables, contact personnel and their telephone numbers, and supplementary materials.

                               U.S. Census Bureau
                         U.S. Bureau of Economic Analysis
                                      NEWS
                U.S. Department of Commerce * Washington, DC 20230

                  U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
                                  November 2010

Goods and Services

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the
Department of Commerce, announced today that total November exports of $159.6
billion and imports of $198.0 billion resulted in a goods and services deficit
of $38.3 billion, down from $38.4 billion in October, revised.  November exports
were $1.2 billion more than October exports of $158.4 billion.  November imports
were $1.1 billion more than October imports of $196.8 billion.

In November, the goods deficit increased $0.1 billion from October to $51.2 billion,
and the services surplus increased $0.2 billion to $12.9 billion.  Exports of goods
increased $1.3 billion to $113.5 billion, and imports of goods increased $1.4 billion
to $164.7 billion.  Exports of services decreased $0.1 billion to $46.2 billion, and
imports of services decreased $0.3 billion to $33.3 billion.

The goods and services deficit increased $3.0 billion from November 2009 to November
2010.  Exports were up $20.7 billion, or 14.9 percent, and imports were up $23.7
billion, or 13.6 percent.

Goods (Census basis)

The October to November increase in exports of goods reflected increases in consumer
goods ($1.0 billion); foods, feeds, and beverages ($0.6 billion); industrial supplies
and materials ($0.3 billion); and capital goods ($0.2 billion).  Decreases occurred
in other goods ($0.6 billion) and automotive vehicles, parts, and engines ($0.6 billion).

The October to November increase in imports of goods reflected increases in industrial
supplies and materials ($1.9 billion); capital goods ($1.0 billion); and foods, feeds,
and beverages ($0.2 billion).  Decreases occurred in consumer goods ($0.9 billion);
automotive vehicles, parts, and engines ($0.4 billion); and other goods ($0.2 billion).

The November 2009 to November 2010 increase in exports of goods reflected increases in
industrial supplies and materials ($8.0 billion); capital goods ($4.7 billion); consumer
goods ($2.0 billion); foods, feeds, and beverages ($1.5 billion); other goods ($1.0
billion); and automotive vehicles, parts, and engines ($0.8 billion).

The November 2009 to November 2010 increase in imports of goods reflected increases in
capital goods ($7.4 billion); industrial supplies and materials ($6.5 billion); consumer
goods ($3.5 billion); automotive vehicles, parts, and engines ($2.8 billion); foods,
feeds, and beverages ($1.1 billion); and other goods ($0.2 billion).

Services

Services exports decreased $0.1 billion from October to November.  The decrease was more
than accounted for by decreases in travel and passenger fares.  Increases in other
transportation (which includes freight and port services) and other private services
(which includes items such as business, professional, and technical services, insurance
services, and financial services) were partly offsetting.  Changes in the other categories
of services exports were small.

Services imports decreased $0.3 billion from October to November.  The decrease was mostly
accounted for by decreases in other transportation and travel.  Changes in the other
categories of services imports were small.

The November 2009 to November 2010 increase in exports of services was $2.9 billion.  The
largest increases were in other private services ($0.9 billion), travel ($0.8 billion),
and passenger fares ($0.6 billion).  Within other private services, the largest increase
was in business, professional, and technical services.

The November 2009 to November 2010 increase in imports of services was $1.8 billion.  The
largest increases were in other transportation ($0.7 billion) and other private services
($0.6 billion).  Within other private services, the largest increase was in business,
professional, and technical services.

Goods and Services Moving Average

For the three months ending in November, exports of goods and services averaged $157.3
billion, while imports of goods and services averaged $197.7 billion, resulting in an
average trade deficit of $40.4 billion.  For the three months ending in October, the
average trade deficit was $43.3 billion, reflecting average exports of $155.0 billion
and average imports of $198.4 billion.

Selected Not Seasonally Adjusted Goods Details

The November figures show surpluses, in billions of dollars, with Hong Kong $1.9 ($1.9
for October), Australia $1.2 ($1.3), Singapore $0.5 ($0.6), and Egypt $0.4 ($0.5).
Deficits were recorded, in billions of dollars, with China $25.6 ($25.5), European
Union $7.1 ($7.1), OPEC $7.0 ($5.7), Japan $5.8 ($5.7), Mexico $5.6 ($5.8), Germany
$3.1 ($3.3), Ireland $2.3 ($2.7), Canada $1.8 ($1.2), Nigeria $1.7 ($1.8), Venezuela
$1.6 ($1.2), Korea $1.6 ($1.1), and Taiwan $0.8 ($1.0).

Advanced technology products exports were $23.1 billion in November and imports were
$34.4 billion, resulting in a deficit of $11.2 billion.  November exports were $0.6
billion less than the $23.7 billion in October, while November imports were $2.2 billion
more than the $32.2 billion in October.

Revisions (Goods on a Census basis, not seasonally adjusted)

For October, goods exports were revised down $0.1 billion and imports were revised down
$0.5 billion.  Goods carry-over in November was $0.1 billion (0.1 percent) for exports
and $0.6 billion (0.3 percent) for imports.  For October, revised export carry-over was
virtually unchanged at $0.5 billion (0.4 percent).  For October, revised import carry-
over was $0.1 billion (0.1 percent), revised down from $1.0 billion (0.6 percent).

Services exports for October were revised down $0.2 billion to $46.2 billion.  The
revision was more than accounted for by downward revisions in travel and passenger
fares.  An upward revision in other private services was partly offsetting.  Services
imports for October were revised down $0.1 billion to $33.6 billion.  The revision
was mostly accounted for by a downward revision in travel.

                                    NOTICE

                       Profile of U.S. Importing Companies

With the release of February 2011 statistics on April 12, 2011, the U.S. Census Bureau
will introduce a Profile of U.S. Importing Companies.  The Profile will provide values
and counts based on company characteristics such as employment size and industry type,
and will include additional information on state of destination, country of origin, and
number of trading partner countries.  The existing profile of U.S. exporting companies
will be combined with the new import company profile information to create a new annual
release called “A Profile of U.S. Importing and Exporting Companies”.

Many exhibits have been added or modified in the new release to cover the characteristics
of companies that engage in both import and export activities.  This initial
combined Profile will cover data years 2008 - 2009.  Samples of the new
exhibits are available on our website at 
http://www.census.gov/foreign-trade/statistics/notices/2009profilesample.html. If you have further questions contact the U.S. Census Bureau, Foreign Trade Division at: (301) 763-3251 or e-mail ftd.profile.list@census.gov.