U.S. foreign trade

MISSING IMAGE

Material Information

Title:
U.S. foreign trade
Portion of title:
Export and import merchandise
Physical Description:
v. : ; 26 cm.
Language:
English
Creator:
United States -- Bureau of the Census
United States -- Bureau of the Census. -- Foreign Trade Division
Publisher:
U.S. Dept. of Commerce, Bureau of the Census
Place of Publication:
Washington, D.C
Creation Date:
January 1971
Publication Date:
Frequency:
monthly
regular

Subjects

Subjects / Keywords:
Imports -- Statistics -- Periodicals -- United States   ( lcsh )
Exports -- Statistics -- Periodicals -- United States   ( lcsh )
Commerce -- Statistics -- Periodicals -- United States   ( lcsh )
Genre:
federal government publication   ( marcgt )
statistics   ( marcgt )
periodical   ( marcgt )
serial   ( sobekcm )

Notes

Dates or Sequential Designation:
Jan. 1971-
Dates or Sequential Designation:
Ceased with Dec. 1973.
Issuing Body:
Prepared by: the Bureau's Foreign Trade Division.
General Note:
"Seasonally adjusted and unadjusted data."
General Note:
"FT 900."
General Note:
Latest issue consulted: Dec. 1973.

Record Information

Source Institution:
University of Florida
Rights Management:
All applicable rights reserved by the source institution and holding location.
Resource Identifier:
aleph - 004691764
oclc - 01294023
lccn - sn 92034184
sobekcm - AA00005279_00003
Classification:
ddc - 382
System ID:
AA00005279:00004

Related Items

Preceded by:
United States foreign trade. Export and import merchandise trade
Succeeded by:
Summary of U.S. export and import merchandise trade


This item is only available as the following downloads:


Full Text

C3


UNIV. OF FL LiR


.,__ ._ .o

U.S. DEPCi-


U.S. FOREIGN TRADE


T AND IMPORT


MERCHANDISE

JANUARY 1971


FT 900-71-1
FOR RELEASE
February 26,1971


Seasonally Adjusted and Unadjusted Data


The Bureau of the Census, Department of Commerce,
announced today that during January 1971, seasonally
adjusted exports, excluding Department of Defense
(DOD) Military Assistance Program Grant-Aid ship-
ments, amounted to $3,735.4 million and that January
general imports, also on a seasonally adjusted basis,
amounted to $3,686.3 million."2 Comparable figures
for December 1970 were $3,570.2 million for exports
and $3,404.3 million for imports.

Seasonally adjusted imports and exports rose to
new record high levels in January. Imports exceeded
the previous record, set in October 1970, by $185.8
million. The previous export record, set in June
1970, was exceeded by $5.2 million. Based on seasonally
adjusted figures, the January trade surplus was
$49.1 million.


For the 4-month period October 1970-January 1971,
seasonally adjusted exports averaged $3,623.4 million,
a level about one percent below the $3,643.8 million
average reported for the preceding 4-month period
June-September 1970. Imports averaged $3,504.9
million for the current 4-month period, about 5 percent
higher than the average of $3,323.6 million reported
for the preceding 4-month period.
Exports, unadjusted for seasonal change and ex-
cluding Military Assistance Program Grant-Aid ship-
ments, decreased from $3,685.2 million in December
1970 to $3,481.8 million in January 1971. WithMilitary
Assistance Program Grant-Aid shipments included,
January exports were valued at $3,532.3 million as
compared to $3,736.9 million in December. Unadjusted
general imports amounted to$3,422.0 million in January
and $3,555.5 million in December.


xAdjusted for seasonal and working-day variation, but not for price level.
2 Cumulations of data over at least 3- or 4-month periods are desirable to identify underlying trends. Month-to-month
changes in exports, imports, and similar series often reflect primarily irregular movements. Recent month-to-month per-
cent changes in the overall seasonally adjusted export and import series are presented in the following table with aver-
age percent month-to-month rise and decline over longer periods shown for comparison. The average rise and decline fig-
ures exclude percentage changes for: (1) the periods January-May 1965 and December 1968-March 1969 because of
abnormalities in the data due to effects of strikes; and (2) periods when negligible changes (zero percent) in the level
of exports/imports occurred.
3Defined as exports of domestic and foreign merchandise excluding Department of Defense Military Assistance Program
Grant-Aid shipments minus general imports.

Month-to-month Average monthly rates of change
Series Dec. 1970- Nov.-Dec. Oct.-Nov. Sept.-Oct. Average Average 4 months 12 months
Jan. 1971 1970 1970 1970 rise decline Sept. 1970- Jan. 1970-
1965-1970 1965-1970 Jan. 1971 Jan. 1971
Exports.... +4.6% +2.0% -5.1% +3.8% +4.2% -3.5% +1.3 +0.89
Imports.... +8.3% -0.7% -2.1% +2.1% +3.3% -2.8% +1.9% +1.2%


For sale by the Bureau of the Census, Washington, D.C. 20233. Price 10 cents per copy. Annual subscription
(FT 900, 975, 985. and 986 combined) $3.00.


Note: Effective with the January 1971 issue of this report, seasonally adjusted data
in the FT 900 for 1970 and 1971 reflect new seasonal adjustment factors. Information
on the methodology used in developing the new factors is available on request to
the Bureau of the Census, Washington, D.C. 20233.









EXPLANATION OF STATISTICS


Import Statistics

General imports are a combination of entries for
immediate consumption and entries into bonded,ware-
houses. Imports for consumption are a combination of
entries for immediate consumption and withdrawals
from warehouses for consumption.

The dollar value shown in the import statistics is
defined generally as the market value in the foreign
country and therefore excludes U.S. import duties,
freight charges from the foreign country to the United
States, and insurance. Value information is required
to be reported on import entries in accordance with
Sections 402 and 402a of the Tariff Act of 1930, as
amended. None of the values have been adjusted for
changes in price level.

It is the objective of the compiling procedures to
include shipments, insofar as practicable, in the statistics
for the month of import, which is based on the filing data
of the import entry or warehouse withdrawal document.
However, because of processing problems, there has
always been a carryover of a small percentage of items
from the actual month of importation to a subsequent
month, usually the succeeding month. The carryover
should have little effect on month-to-month comparisons
of overall totals, since the carryover of the previous
month should compensate roughly for that of the following
month.

Export Statistics

Exports of domestic merchandise include commodities
which are grown, produced, or manufactured in the United
States, and commodities of foreignorigin which have been
changed in the United States from the form in which they
were imported, or which have been enhanced in value by
further manufacture in the United States. Exports of
foreign merchandise include commodities of foreign
origin which have entered the United States as imports
and which, at the time of exportation, are in substantially
the same condition as when imported.

The dollar value shown in the export statistics is
defined generally as the f.a.s. value at the U.S. port of
exportation. These values have not been adjusted for
changes in price level.

In general, compiling procedures provide for the
inclusion of shipments in the statistics for the month of



IFor shipments by vessel, merchandise is not included
in the statistics prior to the date of formal entrance of
the vessel (i.e., the date of the inward customs manifest
for the vessel).


export? However, as indicated above for imports,
because of processing problems there has always been
a carryover of a small percentage of shipments from
their actual month of shipment to a subsequent month,
usually the following month. The statement above
regarding the effect of the import carryover generally
applies toeixports also.

Revisions to the Statistics
Revisions are carried into the statistics on a periodic
basis. Data for 1970 and 1971 appearing the the 1971
monthly issues of this report are presented as follows:

1971 Statistics
a. January through November 1971 issues: figures
are as originally issued, except as noted below.
b. December 1971 issue: figures reflect revisions
for prior months of the year issued with December
1971 statistics.

1970 Statistics
a. January through May 1971 issues: figures reflect
revisions issued with December 1970 statistics or
earlier.
b. June through December 1971 issues: figures reflect
revisions to 1970 data issued with June 1971
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 report.
Sources of Further Information

Additional information regarding foreign trade sta-
tistics coverage, valuation, etc., is contained in the follow-
ing publications: Report FT 990, Highlights of U.S. Export
and Import Trade; FT 135, U.S. Imports, General and
Consumption, Schedule A Commodity and Country; FT 410,
U.S. Exports, Schedule B Commodity and Country; and
the Guide to Foreign Trade Statistics. Information re-
garding additional sources of statistics, the methodology
used in seasonally adjusting the data, and other matters
relating to foreign trade statistics may be obtained from
the Bureau of the Census, Washington, D.C. 20233.

2With minor exceptions, the date of export for ship-
ments other than by mail is the date when the shipment
leaves the United States, or, in the case of vessel or
air shipments, the date when the carrier departs (or is
cleared) from the port of export. For mail shipments, the
date of export is considered to be the date of mailing.








U.S. Exports, General Imports, and Merchandise Trade Balance, Adjusted for Seasonal and Working-Day Variation:
January 1966 to January 1971

(In millions of dollars. Data are not adjusted for unusual changes in the level of activity or coverage such as happens during strikes and other events
that may have adverse affects on the statistics)


I
Seasonally adjusted data -----

Moving average of
seasonally adjusted data -





'-C *


EXPORTS'
(MCD moving avei


/-'
I




ege 6 term)


It


GENERAL IMPORTS
(MCD moving overage-4 term)









MERCHANDISE TRADE BALANCE '
(MCD moving average-6 term)


-' A


V


/5


is
ii
ii
~1
is


.1.. I


/ i
/ \












19,, ,,70
1970


I I I


I Represents exports of domestic and foreign merchandise excluding Department of Defense Military Assistance Program Grant-Aid shipments.
SDefined as exports (see footnote 1, above) minus general imports.



Table 1. U.S. Exports, General Imports, and Merchandise Trade Balance, Adjusted for Seasonal and Working-Day
Variation, by Month: January 1970 to January 1971
(I millions of dollars)
Peri eand Janay- J uary Febary March April May June July August epm- October November December



Exports...... 3,405.7 3,375.6 3,409.1 3,660.9 3,730.2 1 3,592.4 3,S53.4 3,688.7 : *I 3 570.2
pots ......... 3,223.1 .:: 3217.9 3,263.2 3,337.8 3,265.5 3,346.2 3,428.2 3,500.5 '., 3,404.3
xerchancdse trade
balance ........ +182.6 +182.6 +268.9 +157.7 +145.9 +323.1 +464.7 +444.6 +246.2 +125.2 +188.2 +165.9


Exports........ 3,735.4 3,735.4
por.......... 3,686.3 3,686.3
Iercbandnse trade
balance........ 49.1 +49.1
'Data for 1970 and 1971 reflect seasonal adjustment factors Introduced n 1971. See note on front page.
2Represents exports of domestic and foreign merchandise excluding Deprtment of Defense Milltary Assistance Progra Grant-Aid shipments.
Defined as exports (see footnote 2, above) minus general imports.


l4e







. I t. I ,


2'~'~


'V









.1..


Ratio
scale
- 4500

- 4000

- 3500

- 3000

2500


2000
Ratio
scale
- 4500
- 4000

- 3500

- 3000

2500


2000




Arithmetic
scale
- 750


- 500


- 250


-0


- -250


-500













Table 2. U.S. Exports of Merchandise Showing Department of Defense (DOD) Military Assistance Program

Grant-Aid Shipments, by Month: January 1970 to January 1971

(In millions of dollars. Unadjusted totals represent sum of unrounded figures hence may vary slightly from sum of rounded amounts)

Exports excluding DOD Exports including DOD GrantAid
Grant-Aid DOD Grant-Aid


Period Domestic Domestic Domestic
and and Domestic, and Domestic, Western Other

seasonal y foreign, unadjusted foreign, unadjusted Europe countries
adjusted unadjusted unadjusted


1970

January-December.......... ........ 42,731.5 42,661.7 42,028.5 43,226.4 42,593.3 564.7 190.9 373.8

January ........... .. ........ ..... 3,405.7 3,230.3 3,187.7 3,290.7 3,248,2 60.4 26.7 33.7
February ..... .................... ... 3,546.9 3,387,3 3,334.8 3,431.2 3,378.7 43.9 8.9 35.0
March........... .... ....... .. 3,375,.6 3,577.5 3,538.5 3,619 7 3,580.8 42 3 8.5 33.7
April .............. ................ ... 3,409.1 3,596.9 3,541.9 3,646.3 3.591,3 49.4 21.1 28.3
May ................... ... ......... 3,660.9 3,906.2 3,845.0 3,939.9 3,878.7 33.7 13.0 20.6
June.................. .. ...... ... 3,730.2 3,717,9 3,670.4 3,769.6 3,722.2 51.7 24,6 27.1

July ....... ......................... .. 3,699.1 3,549.7 3,488,1 3,592.4 3,530.8 42.7 16.0 26.6
August. ...................... ....... .. 3,592.4 3,264.8 3.216.3 3,305.7 3,257.1 40.9 16.5 24.4
September .. ............................ 3,553.4 3,335.2 3,282.6 3,374.0 3,321.4 38.9 11.1 27.8
October ............................. .. 3,688.7 3,916.7 3,843.9 3,975.3 3,902.4 58.6 9.9 48.7
November .............................. 3,499.3 3,494.1 3,445.0 3,544,8 3,495.7 50.7 8.9 41.7
December..... .... ......... .......... .. 3,570.2 3,685.2 3,634.4 3,736.9 3,686.1 51.7 25.6 26.1

1971
January................................ 3,735.4 3,481.8 3,433.6 3,532.3 3,484.1 50.5 22.6 27.9
February.. ...................... .
March .... .................. .
April ............... ....... ......
May.. ......... ............... .
June ................... ....... .........

July ... ...................... .
August .......... ..... ....... .
September ........... ...... ....... .
October .............. ............ .
November ......................... ..
December .......... ..... ........

'Data reflect adjustments for seasonal and working-day variation and do not necessarily add to annual unadjusted totals. The adjusted totals
for 1970 and 1971 reflect seasonal adjustment factors introduced in 1971. See note on front page.
SData differ from those released in Department of Defense reports because of a difference in statistical definitions. For a further explana-
tion, see footnote 2, table E-1, Report FT 990. Highlights of U.S. Export and Import Trade.


Table 3. U.S. Imports of Merchandise, by Month: January 1970 to January 1971
(In millions of dollars. Unadjusted totals represent sum of unrounded figures hence may vary slightly from sum of rounded amounts)

1970 1971

General imports Imports General imports Imports
Period for for
Seasonally consumption, Seasonally consumption,
djst unadjusted adjutedUnadjusted Unadjusted nadusted
adjusted' unadjuuseed adj useteds unadjusted


January-December....... ...... ...

January .. ......... .. .. ... ..........
February ..................................
March ..... ........ ....... ...... ........
April ............ ....... ......... ......
May .................. .......... .. .
June ............... ..................... ..
July........... .... .... ........
August .... ........ ....... .. ... .........
September ............ ...... ............
October- ... .. ....... .................
November .................... ........ ..
December .. ......... .. ..... .


39,947.6

3,223.1
3,278.0
3,217.9
3,263.2
3,337.8
3,265.5

3,254.5
3,346.2
3.428.2
3,500.5
3,428.4
3,404.3


39,963.2

3,125.8
2,946.3
3,380.7
3,391.1
3,175.6
3,504.2
3,311. 5
3.116.0
3,451.9
3,598.9
3,405,8
3,555.5


39,767.7

3,115.3
2,931.3
3,365.2
3,374.6
3,130.2
3,546.0

3,313.4
3,101.3
3,429.7
3,588.0
3,358.8
3,513.9


3,686.3


3,422.0


'Data reflect adjustments for seasonal and working-day variation and do not necessarily add to annual unadjusted totals
for 1970 and 1971 reflect seasonal adjustment factors introduced in 1971. See note on front page.


3,429.3


The adjusted totals











5

Table 4. U.S. Exports of Domestic Merchandise Including Department of Defense (DOD) Military Assistance Program

Grant-Aid Shipments--Schedule B Sections and Selected Divisions, Seasonally Adjusted and Unadjusted, by Month:

January 1970 to January 1971

(In millions of dollars. Unadjusted totals represent sum of unrounded figures hence may vary slightly from sum of rounded amounts)

Schedule B sections and selected divisions'
Period
0 1 2 3 4 5 6 72 71 72 73 8 9

Seasonally adjusted3

1970

January-December.........

January..............
February..................
March ............... ........
April ... .......
May ... .. ..
June........ .............
July ... .. .... ...
Auguast... .........
September .................. -
October..................... NOTE: New seasonal factors are in the process of being developed.
November....................
December .................... Data reflecting the application of the new factors will be

1971 published in this report beginning with the February issue.

January... ...............
February......... .........
March............. ........
April......................
May........................
June ... ......
July .... ..... ....
August.. ....
September...........
October......... .......
November .... ... .......
December...................

Unadjusted

1970
January-December........... 4,349.2 701.7 4,608.5 1,594.1 493.0 3,826.1 5,067.0 17,875.4 8,371.9 2,999.7 6,503.8 2,571.4 1,507.0

January.................... 324.1 31.9 346.4 88.3 31.1 310.8 425.6 1,359.4 600.5 220.8 538.1 206.6 123.9
February.................. 3505 39.9 360.0 98,6 26.6 320.2 433.6 1,429.3 654.8 239.7 534.9 206.6 113.4
March...................... 314.1 56.7 367.7 119.9 50.4 342.3 447.8 1,534.8 722.5 245.8 566.4 229.9 117,2
April...................... 319.5 47.7 395.1 129.5 31.1 325,1 452,1 1,564,0 692.2 246.7 625.0 212.0 115.2
May................... 325.0 56.3 388.4 134.9 41.6 353.6 483.9 1,764.5 737.6 264.0 762.9 211.9 118.6
June..................... 336.7 59.1 409.8 142.6 55.2 340.9 455.5 1,546.1 728.2 271.6 546-3 221.6 154.7
July.................. 370.6 53.0 359.8 141.0 43.9 326.4 417.5 1,468.4 732.4 245.2 490,8 213.7 136.4
August...................... 361.1 43.7 359.3 128.5 40.4 304.5 396.0 1,299.2 662.4 236,5 400.3 205.0 119.3
September................. 363.9 64.7 344,2 147.3 44,0 286.0 380.6 1,363.7 667.6 236.7 459,4 211.2 115.8
October... 459.0 75.8 419.5 169.6 40.2 325.8 411.0 1,654.2 781.8 277.6 594.8 229.8 117.6
November.................... 419.6 92.5 409.3 132.1 32.5 284.4 375.5 1,419.1 674.7 253.5 491.0 214.9 115.6
December,........ ........ 405.1 80.1 448.9 161.9 56,0 306.0 387.8 1,472.7 717.3 261.6 493.9 208.1 159.4

1971


January.................... 382.7 56.6 382.9 119.5 51.7 279.7 372.9 1,489.3 701.4 255.0 532.9 209.4 139.4
February............ .......
March... ....... ....
April ................... .
May.... ..... .. ...
June... ..........
July... .. ..
August... .... .
September........ .......
October.... .... .........
November... ............
December... .........

iSchedule B section and selected division descriptions are as follows:
0. Food and live animals 7. Machinery and transport equipment
1. Beverages and tobacco 71. Machinery, other than electric
2. Crude materials, inedible, except fuels 72. Electrical machinery, apparatus, and appliances
3. Mineral fuels, lubricants, and related materials 73. Transport equipment
4. Animal and vegetable oils and fats 8. Miscellaneous manufactured articles, n.e c.
5. Chemicals 9. Commodities and transactions not classified according to kind
6. Manufactured goods classified chiefly by material
'Seasonally adjusted figures for section 7 may differ slightly from the sum of divisions 71, 72, and 73 since each is independently adjusted.
3Data reflect adjustments for seasonal and working-day variation and do not necessarily add to annual unadjusted totals. The adjusted section
totals in this table and similar overall monthly totals in tables 1 and 2 were developed independently.













Table 5. U.S. General Imports-Schedule A Sections, Seasonally Adjusted and Unadjusted by Month:

January 1970 to January 1971

In millions of dollars. Unadjusted totals represent sum of unrounded figures hence may vary slightly from sum of rounded amounts)

Schedule A sections

pro0 1 2 3 4 5 6 7 8 9


Seasonally adjusted2
1970 1


January-December.................

January .. .... ......
February .......... ... ...
March .. ... ............ .. ...
April .. ........ .......
May .. ................. ...... .
June .. -. ... ....... ..
July .................... ..........
Augus t .. -... ...............
September..-..............
October.................... ........
Sovember...........................
December ............... .... ....

1971
January............
February.. ... .......
March .. ....... ......
April .
May .. ..... ..... .........
June.. .. ......
July. ........
Augus t... .....
September.. .. -.. ......
October .......... ........
November .............
December ..... ... .



1970
January-December................

January ............. ... ......... .
February .........................
March .............. .... .......
April ..... .............. .........
May ..................... ........
June ..................... ..... .
July .... ........... ..... ........
Augus t ............ ...... .... ....
September.......................
October ............................
November................ .........
December ........... ..

1971
January ...........................
February.. ..................
March ........................
April .. .....................
uMay e. ............. -.....- ......
June... ......
July ....... .. .................
Augus t .. .... .
September .............. .. .......
October.. ... ..
November.... ...
December.... .


NOTE: New seasonal factors are in the process of being developed.

Data reflecting the application of the new factors will be

published in this report beginning with the February issue.


5,378.9

431 6
411. 5
4730
488.5
409.1
475.5
436.3
434.7
447.8
459.3
423.2
488.5


459.7


855.0

68.0
63.7
64.8
71.5
64.9
70.9
68.2
49.8
63.5
87.9
95.0
86.9


63.1


3,312.2

271.4
244.7
273.7 |
260.5
281.2
298.7
280.5
290.7
301.5
275.7
266.0
267,8


235.4


3,080.8

274.7
279.3
296.6
244.9
224.3
246.8
213.1
255.5
240.4
255.0
239.1
311.1


267.6


Unadjusted


159.6 1,450.3

9.6 112.2
8.6 110.8
10.2 129.0
10.1 133.2
14.2 121.7
21.1 121.1
13.1 113.7
14.9 124.9
9.2 111.9
16.0 130.8
11-3 119.8
21.3 121.3


124.0


8,437.4

656.7
569.2
696.3
691.3
692.0
730.4
726.2
654.4
736.1
768.6
762.0
754.4


719.9


11,171.3

862.4
843.0
959.1
1,012.3
909.2
1,009. 6
897.4
735.0
965.7
1,015.8
975.2
986.7


1,033.2


4,843.9

350.2
325.7
379.9
371.3
363.5
418.3
449.2
450.3
457.7
469 2
406.1
402.5


389.4


1,273.8

89.2
89.8
98.2
107.5
95.6
111.7
113.9
105.7
118.1
120.8
108.3
115.0


117.6


'Schedule A section descriptions are as follows;
0. Food and live animals 5. Chemicals
1- Beverages and tobacco 6. Manufactured goods classified chiefly by material
2. Crude materials, inedible, except fuels 7. Machinery and transport equipment
3. Mineral fuels, lubricants, and related materials 8. Miscellaneous manufactured articles, n.e.s.
4. Animal and vegetable oils and fats 9. Commodities and transactions not classified according to kind
'Data reflect adjustments for seasonal and working-day variation and do not necessarily add to annual unadjusted totals. The adjusted section
totals in this table and similar overall monthly totals in tables 1 and 3 were developed independently.


r ,


































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