U^o.^.ID.UN T t-l/5pp.
SUMMARY OF U.S. EXPORT AND
IMPORT MERCHANDISE TRADE
t4 JANUARY 1975
FT 900-75 1
FEBRUARY 27, 1975
UNV. OF L. i
This Supplement contains monthly data on U.S. general imports of crude
petroleum and selected petroleum products into the U.S. Customs area and
into the Virgin Islands for the period January 1974 through January 1975.
Beginning with the issue for January 1975, the value figures presented for
1974 and 1975 are in terms of the f.a.s. (free alongside ship) import value.
In prior issues, the value figures are in terms of the Customs import value.
This change as stated in the 1974 issues of Report FT 900, will provide users
with data for both exports and imports calculated on a f.a.s. transactions
value basis. (A definition of the f.a.s. import value is included in the
"Explanation of Statistics" on page 2.)
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 statistics reflect both government and
nongovernment imports of merchandise from foreign coun-
tries into the U.S. Customs territory, which includes the 50
States, the District of Columbia, and..Puerto Rico. Ship-
ments between the United States aldPueito 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 f.a.s. (free alongside ship) value shown in tables IA
and IB of this report represents the transaction value of
imports at the foreign port of exportation. It is based on the
purchase price, i.e., the actual transaction value and
generally includes all charges incurred in placing the
merchandise alongside the carrier at the port of exportation
in the country of exportation. The value information shown
in tables 2A and 2B for imports into the Virgin Islands from
foreign countries represents the dutiable value of the
merchandise in the Virgin Islands.
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 "immedi-
ate-delivery" procedures, importers may file the import
entry up to 10 workdays after the actual date of importa-
tion.) 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 magni-
tude from the actual month of importation to a subsequent
month. These limitations should be borne in mind when
making month-to-month comparisons.
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 1974 and 1975 appearing in the 1975
monthly issues of this report are presented as follows:
a. January through November 1975 issues: figures are as
originally issued, except as noted below.
b. December 1975 issue: figures reflect revisions for
prior months of the year issued with December 1975
statistics or earlier, as noted below.
a. January through May 1975 issues: figures reflect
revisions issued with December 1974 statistics or
b. June through December 1975 issues: figures reflect
revisions to 1974 data issued with June 1975 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.
r 900 Supplement. January 1975
Schedule A and TSUSA Commodity Numbers Used in Compiling the Information Presented in This Report
Energy products Nonernrgy pr.:.-au cs
Schedule A. No. TAUSA No. Scnedul, A. No. TSLISA No.
Crude and partly refined petroleum Lbricat ng oils
331.0120 475.0510 332.5000 pi. 47 .4500
331.0210 475.0520. 472.0540 Lubric.ittng grease
331.0220 475.1020. 475.1040 332 5000 p'. 475.5500 4;5.60-',0
331.0240 475.6520 Piraffln and other mineral .axes
332.62?0 pt. 494.?2u0
Crude petroleum. 332.6240 494.2400
331.0140 475.1010 Asphalt
332. 9rj0 521. 1100
332.1000 475.25250, 4l5.25C Naptra- pot lor further ret lrinenr
33? 9920 475 3540
332.2020 475.25410 All other petroleum products (pitch
o! tar coke, ronilqu.o hydrocarbon
Kerosene mnxtures, ard calcrned petroleum and
332.2041) 475.3000 ciol coke r..3r for i.ul
332 9700 pt. 401.6200
Distillate fuel oil 332.9940 or. 4;..70i0
332.3020 475.0530' 593.8n04 pt 517. 110'
Residual fuel oil
Propane ana butane gas
341.1020 .175.1510, 4 1530[
Liquid derisatleis or petroleum.
332.9940 pt. 475.054U
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U.S. DEPARTMENT OF COMMERCE
Social and Economic Statistics Administration
BUREAU OF THE CENSUS
Washington. D.C 20233
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