fo7e ^l~11r 'If C^t
SUMMARY OF U.S. EXPORT AND
fa IMPORT MERCHANDISE TRADE
' SEPTEMBER 1974
uFr 900-74-9 Supplement
October 25, 1974 2. P.M.
UNIV. OF FL LIB.
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-September 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.
f IE 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
fas o' 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 statistics reflect both government and
nongovernment imports of merchandise from foreign
countries into the U.S. Customs 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 m 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 1930i hs amepded. It may be
based on the foreign market value, exodtt value, con-
structed value. Amerxcn selling price, etc. It generally
represents a value in;t" t. foreign country, anZL therefore
excludes U.S. import duties, freight, insuance,-and other
charges incurred in bftngkig thepnerchanfh'is to the lJnited
States. This valuation is.nm afifly used for cdcleition of
import duties and frtque4 tyh does not reflect- tUe actual
transaction value. Effective Ja.4ary,1.974;'the foreign trade
statistics presented in otheq reiwts Fqo in,,import value
data reported in terms of tP. bs,a'[e .alorfoside 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
tie 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 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. TSISA No. Schedule A. No. TSl,'A No.
Crude and partl refined petroleum Lubricating nils
331.0120 4r7..0510 332.5000 pt. 45.4500
331.0210 4173.0520. 475.,'40 Lubricating errease
331.0220 475.1020. 475.1040 33?.5000 pt 4-?.31,00 475.6000
331.0240 475.6520 Paraffan and other mineral waves
332.6220 pt. 494.2200
Gasoline 332.P240 494.2 400
332.1000 175.21'?0, 47; 2:60
Jet fuel 332.960)0 b'1.1100
Naptha: not for furtner rennement
Kerosene 332.9920 47..3541i
All otner petroleum proaLuc? itpten
Distillate fuel oi, -if tir coke nonllquila hdrocarron
332.3070 475.033) mixturee. and calcnen petroleum and
332.304'1 4V5.103" coal cok rnot for fuel,
332 9?7.,, pt. 401. I)j00
Rpeidual fuel oil 332.9940 pt. 475 tOn
332.4020 75 05j0 399 8040 pt. 31l.510l'
Propane and butane eas
341.0020 475 1510. 475.1530
Liquid dern -t-es of petroleum,
332.9940 pt. 47j.65.40
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U.S. DEPARTMENT OF COMMERCE
Social and Economic Statistics Administration
BUREAU OF THE CENSUS
Washington. D C. 20233
Ma uE r Sr R.. -
US. DEPARTMENT OF COMMERCE