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SUMMARY OF U.S. EXPORT AND
4 IMPORT MERCHANDISE TRADE
j JUNE 1974
FT 900-74-6 Supplement
July 26, 1974
at 10:00 A.M.
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-June 1974, and January-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.
U.S. DEPARTMENT OF COMMERCE, Social and Economic Statistics Administration, BUREAU OF THE CENSUS
For sale by the Subscribers Services Section (Publications), Social and Economic Statistics Administration,
Washington, D.C. 20233, or any U.S. Department of Commerce district office. 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 the Census from copies of the import entry and
warehouse withdrawal forms which 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 saTisticr rcilect both government and
nongovernment iUpt 'e'ine tnilJ'rom foreign
countries into Wte customs terit, ,vhich includes
the 50 States,i hp4 mnct of Columbia'.aod Puerto Rico.
Shipments betweb the United States An.4nrto Rico,
between the jrn,,dd Sni and the VirgiL bIlnls. Guam,
American Sarfoa'and ofner U S. psgb5&iohil efween any
of these outlsfmngareas, and impor1J1fL U possessions
from foreign dcuntreq are not included in $ 1S.. import
statistics. Howeet ,re k- ate data on intpgtsp 4 petroleum
and petroleum priu o tlk ,VA'f land from foreign
countries are presented lh'tii3| Kr. .Statistics on U.S.
trade with Puerto Riddo nd wih- UTS. possessions are
published separately in Report rT 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 if. (cost, insurance, and freight I 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
t11 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 series 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 penodic
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 oils
331.0120 475.0510 332.5000 pt. 475.4500
331.0210 475.0520. 473.0540 Lubricating greases
331.0220 475.1020, 47%.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 4;5.2520. 4775.?560
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
332.30?0 475.0530 mixtures, and calcined petroleum and
332.3040 475.1030 coal coke not for fuel)
332.9700 pt. 401,6200
Residual 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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