FT 900-75-7 Supplement
' 'fth26. 1975
UNIV. OF FL LIB.
Lu S. DLPOG'0TOB___I
This Supplement contains monthly data on U.S. general imports of crude petro-
leum and selected petroleum products into the U.S. Customs area and into the
Virgin Islands for the period January 1974 through July 1975. (It should be
noted that imports into the Virgin Islands are excluded from the official
U.S. import totals presented in Report FT 900.) The data in these tables are
not adjusted for seasonal and working-day variation.
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.
(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, BUREAU OF THE CENSUS
For sale by the Subscriber Services Section (Publications). Bureau of the Census, 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) S3.00.
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SUMMARY OF U.S. EXPORT AND
IMPORT MERCHANDISE TRADE
EXPLANATION OF STATISTICS
Import Monthly Carryover
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 and Puerto Rico, between
the United Sttidles 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
statistic&. 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.)
General Imports/Imports for Consumption
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 general) 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 LI S. consumption channels.
Source of Import Information
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 Itrnsactions 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 weeJsa'j glr'hi end of the given monlh.
,- Import Valuation
The f.a.s. free alongside ship) value shown in tables IA
and I Bi of this report represents the transaction value of
imports at the foreign port of exportation. It is based on the
ptirchalsel price. i.e.. thle actual transaction value and
generally includes all charges incurred in placing the
merchandise alongside the carrier at the port of exportation
in the cotintry of exportation. The \alue 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 monthly 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 cai-ryover
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-
lude 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
Reliability of the Data
This report presents fully compiled data for import
shipments of petroleum and petroleum products valued
$251 and over. Data on any shipments valued under
$251 are not included in this report. Information on
under-S251 shipments is not compiled by commodity,
but estimates based on a 1-percent sample are included
in the overall import total.
Although the statistics in this report are fully com-
piled, the figures are subject to the possibility of errors
which may arise from various sources. Among these are
errors in the reporting and/or processing of information
as to commodity classification, net quantity, value, and
month of inclusion (see Import Monthly Carryover,
above). However, the possibility of error is considerably
reduced due to the verification by Customs officials of
statistical information reported on entries filed for trans-
actions valued over $250. In addition, the procedures
used to compile the statistics include clerical and com-
puter processing checks designed to protect the accuracy
of the statistics to the fullest practicable extent.
FT 9U0 Supplement. January 1975.
Revisions To The Slatistics
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 pnor 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 ma. 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
Schedule A. No.
Schedule A. No.
Crude and partly refined
Distillate fuel oil
Residual fuel oil
Propane and butane gas
Liquid derivatives of
Paraffin and other min-
Napthas not for further
All other petroleum pro-
ducts (pitch of tar
coke, nonliquid hydro-
carbon mixtures, and
calcined petroleum and
coal coke not for fuel)
FT900 Supplement. January 1975
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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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