r a(v, iLX/o J L
SUMMARY OF U.S. EXPORT AND
IMPORT MERCHANDISE TRADE
May 1974 1.,,,,,,,.
- FT 900-74-5 Supplement
UNIV. OF FL LIi.
UMENT8 DEPE T
June 25, 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
Zelands, by month: January-May 1974, and January to December 1973.
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.
g U.S. 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.
14,. 20233. Price 10 cents per copy. Annual subscription (FT 900, 975. 985. and 986 combined) S3.00.
EXPLANATION OF STATISTICS
The official U.S. statistics on imports are compiled by the
Bureau of the Census from copies of the import entry and
warehouse withdrawal fofms which imoprters are required
by law to rile with Customs officials. The information as to
country of origin; net quantity, value and, commodity
classification is verified by Customs officials prt entries filed
for transactions waled over $250, which- are ordinarily
subject to exanmiuatfin for customss apraisemept purposes.
The statistics for each -oith are generally released about 3
to 4 weeks after 4t e d.of the given month.S "
The U.S. import 1tist V6eflect'both government and
nongovernment impotts, 'of rchlandise from foreign
countries into the U.S. Cistoms territory, which includes
the 50 States, the District of Columbia, and Puerto Rico.
Shipments between the United States and Puerto Rico,
between the United States and the Virgin Islands, Guam,
American Samoa, and other U.S. possessions, between any
of these outlying areas, and imports into U.S. possessions
from foreign countries are not included in the U.S. import
statistics. However, separate data on imports of petroleum
and petroleum products into the Virgin Islands from foreign
countries are presented in this report. (Statistics on U.S.
trade with Puerto Rico and with U.S. possessions are
published separately in Report FT 800. Additional data on
such trade and on imports into the Virgin Islands from
foreign countries are contained in reference tabulations.)
The statistics on U.S. imports are presented in terms of
both "General Imports" and "Imports for Consumption."
General imports are a combination of entries for immediate
consumption and entries into Customs bonded warehouses.
and thus generally reflect total arrivals of merchandise.
Imports for consumption are a combination of entries for
immediate consumption and withdrawals from warehouses
for consumption, and thus generally reflect the total of the
commodities entered into U.S. consumption channels.
The Customs value shown for U.S. imports represents the
value of imports are appraised by the 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, con-
structed 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 the United
States. This valuation is primarily used for collection of
import duties and frequently does not reflect the actual
transaction value. Effective January 1974, the foreign trade
statistics presented in other reports contain import value
data reported in terms of f.a.s. (free alongside ship) and
c.i.f. (cost, insurance, and freight) values, in addition to the
Customs value data. The value information shown for
imports into the Virgin Islands from foreign countries
represents the dutiable value of the merchandise in the
It is the objective of the compiling procedures to include
shipments, insofar as practicable, in the statistics for the
actual month of importation. However, for purposes of the
statistics the month of importation is based on the date of
the import entry or warehouse withdrawal document. 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 the data fail to meet
certain edit criteria established to protect the accuracy of
the statistics, etc.), there is an overall average carryover of
U.S. imports 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. For Virgin Islands imports, the carryover is about
four percent. In addition as a result of the aforementioned
Customs "immediate-delivery" procedures, there is a further
carryover of presently unknown magnitude from the actual
month of importation to a subsequent month. These
limitations should be borne in mind when making month-
Cumulations of data over at least 4-month periods are
desirable to identify underlying trends. Month-to-month
changes in imports, exports, and similar seridf often reflect
primarily irregular movements, differences in monthly
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 are 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
b. June through December 1974 issues: figures reflect
revisions to 1973 data issued with June 1974 statistics
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 or other reports.
Additional information regarding the foreign trade sta-
tistics may be obtained from the Foreign Trade Division,
Bureau of the Census, Washington, D.C. 20233.
Schedule A and TSUSA Commodity Numbers Used in Compiling the Information Presented in This Report
Energy products Nonenergy products
Schedule A. No, TSUSA No. Schedule A. No. TSUSA No.
Crude and partly refined petroleum Lubricating oila
331.0120 475.0510 332.5000 pt. 475.4500
331.0210 475.0520, 475.0540 Lubricating greases
331.0220 475.1020, 475.1040 332.5000 pt. 475.5500, 475.6000
331.0240 475.6520 Paraffin and other mineral waxes
332.6220 pT. 494.2200
Gasoline 332.6240 494.2400
332.1000 475.2520, 475.2560
Jet fuel 332.9800 521.1100
Napthas not for further refinement
Kerosene 332.9920 475.3540
All other petroleum products (pitch
Distillate fuel oil of tar coke, nonliquid hydrocarbon
332.3020 475.0530 mixtures, and calcined petroleum and
332.3040 475.1030 coal ooke not for fuel)
332.9700 pt. 401.6200
Reaidual fuel oil 332.9940 pt. 475.7000
332.4020 475.0550 599.8040 pt. 517.5100
Propane and butane gas
341.0020 475.1510, 475.1530
Liquid derivatives of petroleum,
332.9940 pt. 475.6540
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