United States foreign trade

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Material Information

Title:
United States foreign trade
Portion of title:
Export and import merchandise trade
Physical Description:
3 v. : ; 26 cm.
Language:
English
Creator:
United States -- Bureau of the Census
Publisher:
U.S. Dept. of Commerce, Bureau of the Census
Place of Publication:
Washington, D.C
Creation Date:
October 1968
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:
serial   ( sobekcm )
federal government publication   ( marcgt )
statistics   ( marcgt )
periodical   ( marcgt )

Notes

Dates or Sequential Designation:
Apr. 1968-Dec. 1970.
General Note:
Title from caption.
General Note:
"Summary report FT 900."

Record Information

Source Institution:
University of Florida
Rights Management:
All applicable rights reserved by the source institution and holding location.
Resource Identifier:
aleph - 004691746
oclc - 01294077
lccn - sn 92034185
issn - 0566-7941
Classification:
ddc - 382
System ID:
AA00009169:00006

Related Items

Preceded by:
United States foreign trade. Total import trade
Preceded by:
United States foreign trade. Total export trade
Succeeded by:
U.S. foreign trade. FT900, Export and import merchandise


This item is only available as the following downloads:


Full Text
Ft 70i( /


DEPARTMENT OF COMMERCE
C. R. Smith, Secretary
Assistant Secretary for Economic Affairs

BUREAU OF THE CENSUS
A. Ross Eckler, Director

FOR RELEASE
November 29, 1968


EXPORT AND IMPORT MERCHANDISE TRADE


The Bureau of the Census, Department of Commerce,
announced today a seasonally adjusted October 1968
export total of $2.594.2 million, excluding Department
of Defense (DOD) Military Assistance Program Grant-
Aid shipments, and a seasonally adjusted general import
total for October of $2,657.4 million. Comparable
figures for September were the all time record high
totals of $3.245.9 million for exports and $2,963.7
million for imports. (The Bureau noted, however, that
the September figures probably reflect accelerated
export and import activity, during that month, in
anticipation of the strike at east and gulf coast ports
which began on October 1, and ended 2 days later. The
Bureau does not have information as to the extent of
the effect of the strike on the trade figures.) The
October seasonally adjusted export total is the lowest
reported since the adjusted March total of $2,454.7
million, the low for the year. Both the March and
October totals are considerably less then the monthly
average of $2.793.9 million for the 10-month period
January-October 1968. Although the seasonally adjusted
import total for October is about 10 percent below the
comparable figure for September, it is only about 2
percent below the January-October monthly average of
$2,716.8 million.

For the first 10 months of 1968. exports on a
seasonally adjusted basis were at an annual rate of
$33,527 million (about 8 percent higher than the
calendar year 1967 total of $30.93-1 million) while


imports were at an annual rate of $32,601 million (about
22 percent higher than the calendar year 1967 general
import total of $26,812 million). For the 4-month
period, July-October 1968, seasonally adjusted exports
averaged $2,889.7 million per month, a level about 7
percent higher than the $2,705.6 million average
reported for the preceding 4-month period, March-
June 1968. Imports averaged $2,778.2 million for the
current 4-month period, a level about 2 percent higher
than the $2,711.0 million average reported for the
preceding 4-month period.

Seasonally adjusted export and import totals for
selected Schedule A and B commodity sections and
divisions are shown in tables 4 and 5. (Unlike the
overall total, the commodity components for exports
exclude foreign merchandise and include Department
of Defense (DOD) Military Assistance Program Grant-
Aid shipments.)

Exports unadjusted and excluding Military Assistance
Program Grant-Aid shipments decreased from $2,941.5
million in September to $2,714.9 million in October.
With Military Assistance Program Grant- Aid shipments
included. October exports were valued at $2.763.4
million or about 7 percent less than the record high
September total of $2,984." million. Unadjusted general
imports increased from $2.869.3 million in September
to $2.924.1 million in October.


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lManth-to-mornth Averagre TritfL.y rster of change

Series Average Aversge manthE 12 months
rire deLe fline u-tIx t 1- --
1962-196" 1962-1967 9 :t. 14r
Exports..... -20. i11 .J3 .i I.t.$ +4.21 -3.4 -.: 1.1
Import ..... -10.3% +. +t..1t -- ..:t +3.14 -2.64 -l.-. +1.7t


UNIV. OF FL LIS.
nOCrilUENTS DEFPL


For S.Ie bi ihe Burieu I The Censu: w ,.i.jin D C 72023. Price IOf per cop%
Annu.l iu tsc rpiinor. FT'i900 Qi 185 .,d 9A6 c.,.rT.nr.edi $3 00


U .. oI -* T


U.S. DEPOSTORY


cl


I











EXPLANATION OF STATISTICS


The dollar value shown in the import statistics is
defined generally as the market value in the foreign
country excluding U.S. import duties, freight charges from
the foreign country to the United States, and insurance.
General imports are commodities imported for immediate
consumption plus entries into bonded warehouses.
Imports for consumption are commodities imported for
immediate consumption plus withdrawals for consumption
from bonded warehouses. The dollar value shown in the
export statistics is defined generally as the f.a.s. value,


U.S. port of exportation. None of the values have been
adjusted for changes inprice level. Additional information
regarding coverage, valuation, etc., is available in Report
FT 990, Highlights of U.S. Export and Import Trade: in
the brochure, Guide toForeignTrade Statistics: 1968: or
upon request to the Bureau of the Census. Washington.
D.C. 20233. Information regarding the methodology used
in seasonally adjusting the data is available on request
to the Bureau of the Census, Washington, D.C. 20233.












U.S. Exports, General Imports, and Merchandise Trade Balance, Adjusted For Seasonal and Working-Day Variation:

January 1962 to October 1968
(In millions of dollars)

Seasonally adjusted dotal Raoio scale
3,000
4-month moving average of 3,000
seasonally adjusted datao'____ 2500






f- 1,500
)A





Ratio scale
S* -'. 2,800

2,400


2.,00


General Imports 1,600




I 1,200




Arithmetic
scale
Merchandise Trade Balance 3 ~ +750






-250





-250


1962 1963 1964 1965 1966 1967 1968
'Abnormal fluctuations in the data for December 1962-Mlarch 193, December 1964-May 1965, and March 1968 are due to effects of
dock strikes. Represents exports of domestic sri fr-ipn merchandise I'.- --partment of Defense (DOD) Military Assist-
ance Program Grant-Aid shipments. "Defined as .-r 1. footnote 2. general imports.


Table 1. U.S. Exports, General Imports, and Merchandise Trade Balance, Adjusted for Seasonal and Working-Day
Variation, by Month: January 1967 to October 1968
(In millions of dollars)

Period and January- January Feb- March April May June July August Septem- October Novem- Decem-
series October ruary her her her

1967

Exports'.......... 25,712.6 2,616.7 2,604.7 ? .- .. 2,653.1 2,546.6 2,577.1 2,584.6 2,549.1 2,638.3 2,393.9 2,691.4 2,603.4
Imports........... 22,014.8 2,255.5 2,229.2 .-. 2,226.0 2,137.1 2,227.1 2,208.5 2,125.3 2,208.5 2,198.1 2,381.8 2,525.0
Merchandise t trade
balance2......... +3,697.8 .361.2 +375.5 +349.0 +427.1 +409.5 s350.0 +376.1 +423.8 +429.8 +195.8 +309.6 +78.4

1968

Exports1.......... 27,938.9 ,-?-. 2,-? 1 i,-*. 2,888.5 2,719.7 2,759.3 .,di:'.j 2,915.8 3,245.9 2,594.2
Imports........... 27,167.8 .,":r) 2,-.. .,1 4 2,640.5 2,751.9 ,839.3 ,--.- 2,827.3 2,963.7 2,657.4
PMer: r~i .. trade
S ....... +7711 +175.7 +171.2 -157.7 +248.0 -32.2 -80.0 +138.6 +88.5 +282.2 -63.2

Figures represent exports of domestic and foreign merchandise excluding Department of Defense Military Assistance Program Grant-Aid
shi 3ents.
Defined as exports (see footnote 1, above) minus general imports.
3Revised subsequent to the release of the April issue of this report.
Revised subsequent to the release of the June issue of this report.












Table 2. U.S. Exports of Merchaldise Showing Department of Defense (DOD) Military Assistance Program
Grant-Aid Shipments, by Month: January 1967 to October 1968

(In miliOns of dollars. Figure for 1967 reflect revisions made in the data subsequent to the publication of the Decemier 1967 report. .-
ures for 1968 are as originally copiled. Unadjusted totals represent sum of unnounded figures hence may very slightly from sum of 'or*-
amounts)

Exports excluding XD ports including nD Grant-Aid"
Srant -Aid I Grant-Aid

Period mstic Domestic Daestic
ad and Dsestie, and Domestic, Total western Other
n, unadused foreign, unadjusted urope countries
"-* 3 nradjasted


1967

January-December............ .. 31,037.4 30,934.4 30,550.2 591.9 207.9 384.0
January-Oetober......................... 25,712.6 25,362.1 25,0O4.0 :, : .. 496.6 174.5 322.0
January................................ 2,616.7 2,470.6 2,437.7 2,526.1 2,493.2 55.5 24.5 30.9
Febuary.................................. 2,415.5 2,387.0 2,466.9 2,438.5 51. 26.9 24.5
arch..................................... -' 2,793.7 2,759.6 2,79.7 5.1 14.2 20.9
April..................................... -- 2,69. 39.3 13.2 26.2
May....................................... ... 2,692.3 42.3 16.0 26.3
June..................................... 277.1 2,618.5 2,56.7 .. 2,636.0 49.3 15.7 33.6
July...................................... 2,5.6 2376.9 2,37. 2,19.3 2,390.2 2. 13.3 9.1
August................................... 2,549.1 2,396.5 2,38.6 2,87.5 2,449.5 91. 24.6 66.4
September................................ 2,638.3 2,5W0.3 2,469.9 2,545.5 2,515.0 45.1 11.7 33.4
October.................................. 2,441.7 2,412. 2,486.9 2,-57.7 45.2 14.5 30.7
November................................. 2,60.0 2,728.7 2,96.1 2,7 36.2 14.4 21.8
De-ember................................. 2,603. 2,812. 2,781. 2,871.5 2,8 '.7 59.1 19.0 4.2

1968

January-October.......................... 27,938.9 27,633.5 27,275.8 28,0,7.6 27,739.9 4)a.1 171.6 292.4
January.................................. 2,784.7 2, 2,6.1 2,726.8 2,97.9 52.8 23.3 29.5
February.................... ............ 2,73.1 2,666.7 2,635.8 2.69 .1 59.3 20.2 39.1
Mar.h.................................... 2,4 .7 2,635.5 .7 13.3 21.4
April................................... -- : 2,97. 39.2 11.1 28.1
May..................................... -- ,97.2 2,968.1 2,930. 23.8 5.1 18.6
June..................................... 2.759.3 ,61 .5 2,731.2 2,697.2 4.. 11.9 37.8
July.................................... 2,803.0 2,640.5 2,605.4 2,699.5 2,64.4 5.1 23.5 35.6
August.................................. 2,915.8 2,786.8 2,748.9 ..?'-" 2,802.6 53.7 19.1 34.6
Septenmber............................... 2,941.5 2,907.6 ,- 2,95.9 43.2 22.6 20.6
October................................... .,-.. 2,714.9 2,669.3 2,763.4 2,17.9 48.5 21.4 27.1
.oveeber..............................
December. ..............................

'Data shown reflect adjustments for seasonal and sorking-day variation and do not necessarily add o annual unadjusted totals. The 1967
1 : *-ted figures reflect revisions made in tie seasonal adjustment factors effective Deesaber 1967.
". '. ..'- r free those released in Departent of Lefense reports because of a differen-e in statistical definitions. For a further
explanation, see footnote 1, table E-l, Report FT 990, Highlights of U.S. Export and Inort Trade.







Table 3. U.S. Imports of Merchandise, by Month: January 1967 to October 1968
In aBillions of dollars. Figures for 1967 ref ect revisions malde is the data subsequent itQ the phblication of the he ea6er 1967 reports. Fig-
ures for 1968 are as originally o'piled except as noted in footnotes 2 and 3 belrs. Unadjusted totals represent u of roanded figures e.r.:-
may vary slightly frcn sun of rounded amounts)

196 1968

Period General imports Iports ener sports imports
for for
Seasonally .a a consumption, Seasonally n cosuaptir.,
ajsted adsted ajsted inadjustec

January-Bemeeber......................... 26,921.6 26,812.3 26,733.2
January-October.......................... 22,014.8 21,939.1 21,891.6 27,167.8 27,298.1 27,185.
January................................... 2,255.5 ... 2,264.1 .. .
February................................. 2,229.2 ?* .
Marh..................................... 2,199.5 2,351.1 .
Aoril....................................... 2,226.0 2,090.9 2,70.9 2,0. 2,7
May...................................... 2,137.1 2,219.1 2,215.9 2,751.9,'
June..................................... 2,227.1 2,255.3 '2,839.3 ,6. 2,73C.
July.................................... 2,664.4 2,812.0 ,
August................................... :.. 2,165.7 2,827.3 ,_39. ,
September................................ 2,121.7 2,963.7 3.86".: ;. 86.6
October................................... 2.198.1 .. 2,354.6 2,657.4 2,924.1 2,926.7
November................................. 2,381.8 .-.. 2,447.7
Decemer.................................. 2,525.0 2,431.4 2,393.9

D'ata shown reflect adjustments for seasonal and orking-day variation and do ot rnessarily add t annual unadasted totals. The 17
:.w-cr, l.- adjusted figures reflect revisions made in the seasonal adjustment factors effective hec rter 1967.
*:-.-.. subsequent to the release of the April issue of this report.
3Revised subsequent to the release of the June issue of this report.











Table 4. U.S. Exports of Domestic Merchandise--Schekdule B Sections and Selected Divisions, Including Department of Defense (DOD)
Military Assistance Program Grant-Aid Shipments, Seasonally Adjusted and Unadjusted, by Month: January 1967 to
October 1968

(In millions of dollars. Figures for 1967 reflect revisions made in the data subsequent to the publication of the December 1967 reports. Fig-
ures for 1968 are as originally compiled. 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 1 72 73 8 9

Seasonally adjusted3

1967
January-December.......... 4,070.8, 657.4 3,294.8- 1,105.7 (4) 2,813.9, 3,402.8 12,607.7. 5,971.4- 2,105.9. 4,524.3 1,992.6- (4)
January-October........... 3,328.2 552.8 2,778.3 926.0 (') 2,322.2 2,849.2 10,353.0- 4,935.3 1,755.9 3,676.1, 1,651.6- (4)
January.................... 362.8 55.8 282.7 85.2 () 265.3 312.1 1,118.0 532.2 174.4 402.2 172.7 (4)
February.................. 335.0 55.9 285.3 99.3 (4) 233.3 308.9 999.3 508.6 178.4 346.2 165.9 (4)
March...................... 326.6 56.5 273.9 81.3 (4) 216.0 287.5 1,011.1 479.2 169.9 358.2 156.1 (4)
April..................... 325.8 68.2 273.5 87.0 (4) 235.5 294.0 1,034.9 512.1 180.2 347.5 169.8 (4)
May.......................... 322.3 63.5 286.1 91.3 (4) 231.6 275.8 1,025.4 490.8 167.2 364.7 162.0 (4)
June...................... 335.5 54.6 277.1 81.1 (4) 233.0 289.4 1,045.0 481.9 180.5 378.4 159.1 (4)
July...................... 346.1 47.7 268.0 114.8 (4) 222.3 281.4 1,042.2 492.2 179.4 368.6 168.8 (4)
August.................... 327.7 51.2 281.2 106.5 (4) 227.9 270.4 1,018.2 486.2 182.7 350.9 169.5 (4)
September................. 327.5 51.3 279.4 96.1 (4) 233.3 275.3 1,081.3 498.4 175.0 416.9 166.5 (4)
October.................... 318.9 48.1 271.1 83.4 (4) 224.0 254.4 977.6 453.7 168.2 342.5 161.2 (4)
November.................. 387.3 49.4 276.0 95.8 (4) 249.7 275.6 1,087.0 510.9 173.7 398.2 175.6 (4)
December................. 355.3 55.2 240.5 83.9 (4) 242.0 278.0 1,167.7 525.2 176.3 450.0 165.4 (4)
1968
January-October........... 3,205.3* 592.7. 2,937.9 866.4' (4) 2,733.1 3,059.5- 11,844.2. 5,229.1- 1,911.6& 4,739.8- 1,783.2 (')
January.................... 378.8 61.3 286.7 93.1 (') 271.5 276.3 1,270.3 528.0 188.5 546.2 184.5 (4)
February.................. 372.9 70.5 285.1 82.8 (4) 249.1 276.3 1,172.3 521.5 179.7 514.1 170.7 (')
March..................... 329.4 44.5 300.7 85.6 (') 234.2 238.5 959.2 433.9 164.0 357.8 151.9 (4)
April..................... 329.2 52.3 320.4 91.2 (4) 289.8 297.8 1,167.7 545.0 191.8 433.9 180.6 (')
May....................... 297.1 59.5 283.9 88.8 (4) 259.7 298.0 1,145.6 490.4 180.1 479.6 174.3 (4)
June...................... 299.2 69.0 256.0 77.7 (4) 264.3 311.5 1,187.6 523.0 198.0 460.9 173.3 (4)
July...................... 310.6 55.9 301.8 91.5 (4) 274.1 319.5 1,204.3 522.1 192.6 494.3 178.8 (4)
August.................... 331.0 73.0 306.5 88.o (4) 293.5 330.5 1,238.3 565.3 210.1 464.7 199.1 (4)
September.................. 297.1 68.6 341.7 98.4 ()) 348.0 407.6 1,332.,0 605.0 214.9 523.9 189.9 (4)
October.................... 260.0 38.1 255.1 68.4 (4) 248.9 303.5 1,166.9 494.9 191.9 464.4 180.1 (4)
November.................
December................

Unadjusted

1967
January-December.......... 4,060.9, 648.7. 3,279.7. 1,104.1. 338.0' 2,801.6- 3,391.1. 12,574.1 5,952.5 2,098.2. 4,523.5- 1,985.4- 958.8
January-October........... 3,299.8- 504.5. 2,674.5 932.1. 290.4- 2,314.8- 2,842.7. 10,252.5 4,935.5- 1,733.6- 3,583.4- 1,642.7, 782.4-
January.................... 332.8 39.6 276.8 68.9 21.4 227.2 290.6 1,005.4 488.2 165.5 351.7 156.0 74.6
February................. 307.6 40.6 280.6 81.4 31.9 215.5 285.6 957.0 475.9 166.1 315.0 156.3 82.0
March..................... 358.4 47.6 287.7 76.4 33.3 242.6 325.4 1,155.8 553.3 188.6 413.9 178.8 88.8
April..................... 327.9 59.2 262.9 84.3 29.1 234.1 309.3 1,111.7 540.7 185.6 385.4 174.2 76.7
May........................ 333.3 54.2 295.9 93.4 32.1 248.9 293.6 1,107.3 556.9 178.4 372.0 172.0 61.6
June...................... 335.8 46.4 276.8 94.5 38.9 239.3 298.7 1,079.7 499.4 184.1 396.3 162.3 63.6
July...................... 322.4 40.3 236.1 110.7 29.9 220.7 256.8 947.1 471.7 164.8 310.5 156.9 69.2
August.................... 316.1 50.2 239.3 120.7 22.7 232.7 258.6 910.4 436.7 163.2 310.5 159.2 139.5
September................ 332.8 69.6 228.3 108.8 26.2 235.2 267.8 1,017.2 463.3 167.3 386.7 166.5 62.5
October.................... 332.9 56.8 290.3 92.8 24.7 218.6 256.4 961.0 449.6 169.9 341.5 160.4 63.9
November.................. 409.8 70.5 328.2 96.1 27.9 244.2 270.7 1,080.4 487.6 176.6 416.2 170.5 66.8
December.................. 351.1 73.7 276.8 76.1 19.8 242.6 277.6 1,241.1 529.2 188.1 523.8 172.3 109.6
1968
January-October........... 3,188.3- 544.2 2,827.5 873.4- 226.0. 2,739.6- 3,056.8. 11,739.5. 5,233.9 1,893.1' 4,612.5- 1,779.8. 764.8.
January.................. 353.4 44.5 284.9 76.5 15.5 235.9 262.0 1,1- 493.1 182.2 485.2 169.5 95.2
February.................. 354.0 52.9 290.5 70.5 26.2 238.4 264.9 1,'.' 1 505.5 173.5 484.1 166.6 68.0
March..................... 353.8 36.9 308.5 79.0 24.3 257.8 264.5 1,074.4 490.4 178.7 405.2 170.4 65.9
April..................... 334.9 46.4 313.1 89.6 23.2 292.5 319.0 1,273.8 584.4 200.8 488.6 188.2 66.6
May........................ 313.9 52.6 302.6 93.3 20.9 287.4 326.3 1,272.5 572.4 197.4 502.7 190.2 71.2
June...................... 287.6 55.7 245.1 87.0 29.3 260.2 307.5 1,174.8 518.4 193.4 463.0 168.9 81.0
July....................... 297.0 48.5 271.4 90.3 20.1 278.8 298.7 1,118.6 511.9 180.8 426.0 170.2 70.8
August.................... 326.0 73.0 264.6 102.3 20.3 304.3 320.7 1,123.0 515.6 190.3 417.1 190.5 78.0
September................. 289.5 88.1 266.0 106.5 25.0 334.8 379.2 1,199.4 537.8 196.4 465.2 181.8 80.5
October.................... 278.2 45.6 280.8 78.2 21.1 249.3 313.9 1,179.4 504.3 199.5 475.6 183.5 87.8
November.................
December.................

'Schedule 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
2Seasonally adjusted figures for section 7 may differ slightly from the sum of divisions 71, 72, and 73 since each is iri-np.:ri-rtl, adjusted.
3Data shown reflect adjustments for seasonal and working-day variation and do not necessarily add to annual unadjusted I: ti iT- adjusted
section totals in this table and the adjusted overall monthly totals in tables 1 and 2 were developed independently. The figures in this table
include DOD Grant-Aid shipments which are excluded from the adjusted overall monthly totals in tables 1 and 2.
4For technical reasons data are not presented for this section.















Table 5. U.S. General Inpors of Merchandise--Schedule A Sections, Seasonally Adjusted and Unadjusted.
by Month: January 1967 to October 1968


(In mil : -ar m.g-r- f I r :1' r:. .: :..- a r LA- U i -A-. -q -r,'. 1 -: i puf P .tal- r. "1 rn [ ? r i.a ~ r-por FI --
ures l".- r l r i cr..ru .. .- Iu :, -A- a- ..: -A 1r' t .":.2-1 44 1 I -. i d.a :t-3 'c-.3.- rep'--. .- -.' ir- r.,Jr C n->>.
bence .- ;, :1 LT' .13 -:- i-. : *i-- _L|.A.-A : I


:r---.Aic A cr i
1 ArA-'-


January-:- -r- r...................

January- -. ...................


1wr. n .. ...........................
F -n n' .............................
April. ......... .............. .
May................................
June.............................
July...............................
August......................... ..
Septemb-er ......................
October ................... ........








January-r -1t' r ....................



February ... .... ...................
March..............................
April..............................
meay.... ...... ................
June ..............................
July u... ............ ............
August ............................
SPtE b- r ................... .......


November ..........................
December................ ... ....








January-['. r...................

January-",' w.rr....................

January .. ........... ...... ......
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