SUMMARY OF U.S. EXPORT AND vz
IMPORT MERCHANDISE TRADE
March 27, 1974
This Supplement contains data on U.S. General imports of crude
petroleum and selected petroleum products, into the U.S. Customs area and
into the Virgin Islands, by month: January and February 1974, and January
to December 1973. Further information on imports of these commodities is
shown in the special news release dated January 28, 1974 (CB 74-27) and in
the FT 900 Supplement released February 27, 1974.
Note: This report includes certain commodities which were not included
in the January 1974 issue (e.g., propane and butane gas, asphalt, mineral
Inquiries concerning these figures should be addressed to the Chief. Foreign Trade Division, Bureau of the
Census. Washington. D.C. 20233. Tel: Area Code 301. 763-5140.
US. DEPARTMENT OF COMMERCE. Social and Economic Statistics Administration, BUREAU OF THE CENSUS
For sale by the Publications Distribution Section, Social and Economic Statistics Adminstration, Washington, D.C.
20233 Price 10 cents per copy. Annual subscription (FT 900, 975. 985. and 986 combined) $3.00.
Explanation of Statistics
The official U.S statistics on imports are compiled by the
Bureau of tie Census from copies of the import entry and
warehouse withdrawal forms whiLh importers are required by law
to file with Customs officials. The information as to country of
origin, net quantity, value and commodity classification is verified
by Customs officials on entries filed for transactions valued over
$250, which are ordinarily subject to examination for Customs
appraisement purposes. The statistics for each month are generally
released about 3 to 4 weeks after the end of the given month.
The U.S. import statistics reflect both government and non-
government imports of merchandise into the U.S. Customs terri-
tory, *hibh includes the 50 slates, the District of Columbia, and
Puerto Rico. Imports into the Virgfit.slands, Guam. and American
Samoa are not included in the U.S. import statistics (Separate data
on imparts 6f petroleum and petroleum products into the Virgin
Islands from foreign countries are included in this report m tables
2A and .26.) The U.S Import statistics also exclude shipments to
the United States from Puerto Rico (which is part of the U.S.
Customs, territory) and from the Virgin Islands and other U.S.
possessions. Statipscs on U.S.-Puerro Rican trade and trade between
the United States and its possessions are published separately m
Report FT 800.
The U.S. import statistics also exclude American goods returned
to the United States by its Armed Forces: intransit shipments
through the United States: temporary shipments: transactions not
considered to be of statistical significance. such as shipments of
personal and household effects; low-valued nonduliable imports by
mail; issued monetary coins of all component metals; and gold in
the form of ores, concentrates, waste, scrap, and refined bullion.
The statistics on U.S. imports are presented in terms of both
"General Imports" and "Imports for Consumpuon." General
Imports are a combination of entries for immediate consumption
and entries into Customs-bonded warehouses, and thus reflect total
arrivals of merchandise. Imports for consumption are a combination
of entries for immediate consumption and withdrawals from
warehouses for consumption, and thus reflect the total of the
commodities entered into U.S. consumption channels.
The Customs value, shown in this report. represents the value of
imports as appraised by rhe U.S. Customs Service in accordance
with the legal requirements of Sections 402 and 402a of the Tariff
Act of 1930, as amended. It may be based on the foreign market
value, export value, constructed value. American selling price. etc.
It generally represents a value in the foreign country, and therefore
excludes U.S. import duties, freight, insurance, and other charges
incurred in bringing the merchandise to die United States. This
valuation is primarily used for collection of import duties and
frequently does not reflect the actual transaction value. Effective
with the January 1974 statistics, the foreign trade reports contain
import value data reported on a f.a.s. (free alongside ship) and a
c.i.f. (cost, insurance, and freight) basis, in addition to the Customs
It is the objective of the compiling procedures to include
shipments, insofar as practicable, m the statistics for the actual
month of import. However, for purposes of the statistics the month
of importation is based on the date of the import entry or
warehouse withdrawal. This may not in all cases correspond to the
actual month of importation. (For example, under the Customs
"immediate-delivery" procedures, importers may file the import
entry up to 10 workdays after the actual date of importation.)
Also, because of processing problems (e.g., late receipt of a
document for an end-of-month shipment, rejection of a shipment
by the computer because of failure to meet certain edit criteria
established to protect the accuracy of the statistics, etc.), there is an
overall average carryover of about seven percent (in terms of value)
of the shipments from the reported month of importation (based
on the date of the import entry or warehouse withdrawal) to a
subsequent month, usually the succeeding month. In addition, there
is a further carryover from the actual month of importation to a
subsequent month, of presently unknown magnitude, which results
from the aforementioned Customs "immediate-delivery" proce-
dures. These limitations should be borne in mind when making
Cumulations of data over at least 4-month periods are desirable
to identify underlying trends. Month-to-month changes in imports,
exports, and similar series often reflect primarily irregular move-
ments, differences in monthly carryover, etc.
Additional information regarding the foreign trade statistics may
be obtained from the Foreign Trade Division, Bureau of the Census,
Washington, D.C. 20233.
Revisions to the Statistics
Revisions are carried into the statistics on a periodic basis. Data
for 1973 and 1974 appearing in the 1974 monthly issues of this
report are presented as follows:
a. January through November 1974 issues. figures ar as
originally issued, except as noted below.
b. December 1974 issue: figures reflect revisions for prior
months of the year issued with December 1974 statistics or
earlier, as noted below.
a. January through May 1974 issues: figures reflect revisions
issued with December 1973 statistics or earlier.
b. June through December 1974 issues: figures reflect revisions
to 1973 data issued with June 1974 statistics or earlier.
In addition to the revisions which are made on a periodic basis,
instances may occur where a significant error in the statistics for a
month of the current year is discovered after the statistics for that
month are compiled. If the error is of sufficient importance to
require correction prior to the time that the regular revisions are
carried, the correction is made and so noted in this report.
Schedule A and TSUSA Commodity Numbers Used in Compiling the Information Presented in This Report
Energy proauctr Nornenrgy products
Schedule A. No. T'jUSA No. Schedule A. No. TSUSA No.
Crude and partly refined petroleum Luoricactin oils
331.0120 475.0510 332.5000 pi. 4;5.4500
331.0210 475.0520, 475.0540 Lubricacing creasea
331.0220 475.1020. 415.1040 332.5000 pt. 475.5500. 475.6000
331.0240 475.6320 Paraffin and otner mineral waxes
332.6220 pt. 494.2200
Gasoline 332.6241' 494.2400
332.1000 175.2520, 475.2560
Jet fuel 332.9800 521.1100
N3ptha5 nor for further refinement
Kerosene 332.9920 47z.3540
All other petroleum products (pitch
Distillate fuel oil of tar coke. nonliquid hydrocarbon
332.3020 475.0530 mixrures, ana calcned petroleum and
332.3040 4;5.1030 coal coKe r.no for fuel)
332.9;00 pr. 401.6200
Resrdual fuel oil 332 9940 pr. 475.7000
332.4020 473.0550 599.6040 pt 517.5100
332.4040 475 1050
Propane and buLane rga
341.0020 475 1510. 475.1530
Liquid aerlvatives of petroleum ,
332.9940 pt. 4;5.6540
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U.S. DEPARTMENT OF COMMERCE
Social and Economic Statistics Administration
BUREAU OF THE CENSUS
Washington. 0 C 20233
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