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SUMMARY OF U.S. EXPORT AND I IMPORT MERCHANDISE TRADE December 1975 FT-900-75-12 Supplement FOR RELEASE JNIV. OF FL LI S. Litui i-t .... 0 .....NT ...T,,, U.S. DEPOE TOTY This supplement contains monthly and cumulative-to-date 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 December 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 (Publicationsi, Bureau of the Census. Washington, D.C. 20233, or an' U.S. Department of Commerce District office. Price 10 cents per copy. Annual subscription (FT 900, 975, 985, and 986 combined) $3.00. / EXPLANATION OF STATISTICS Import Monthly Carryover The U S. import statistics reflect both government and nongovernment imports of merchandise from foreign coun- tries into the U.S. Customs territory. which includes the 50 States. Ihe District of Columbia. and Puerto Rico Ship- menis between thile United Slates and Puerto Rico. between the United Siales ail the-VigiIn Islands. Guam. American Samoa, and otheFr PU.A.,po$sssid between any of these outlying areLs.,p&d' import. iklo'l S. possessions from foreign ceirrties are not included's,in the U S import slatistli',l-'AW ever. separate dalar oin imports of petroleum and petrfleti products into the Virpgn islands from foreign countries IM:'lJ4ted in 'is rdp r .'(Statistics on U.S. trade wiihgPyerto Rico anflVwitlC U.S. possessions are published .sepqately in Report FT'8'0* Additional data on such trad/', ff-''i, imports itroilha 'Virgin Islands from foreign com fIIif ponta mef ibratrence tabulations.) General Impb'tsiA4mln rts for Consumption The stainslis on U.S imports are presented in terms of both "General Imports" and "Imports lor Consumption." General imports are a combination of entries for immediate consumption and entries into Customs bonded warehouses. and thus generally reflect total arrnals of merchandise. Imports for consumption are a combination of entries for immediate consumption and withdrawals from warehouses for consumption, and thus generally reflect thle total of the commodities entered into U S. consumption channels. Source of Import Information The olTicial U S. statistics on imports Jre compiled by the Bureau of thlie Census from copies of the import entry and warehouse withdrawal forms which importers are required b) law to file with Customs officials The information as to country of origin, net quantity. salue and commodity classification is \erified bN Customs officials on entries filed for Iransactions allued over 5250. which are ordinarily subject to eaminiiation for Customs appraisement purposes The stalistics for eJach month are generally released about 3 to 4 weeks after the end of the given month. Import Valuation The f a s free alongside ship value shown in tables IA and I B of this report represents the transaction value of imports at the foreign port of e\porlatlon. It is based on the purchase priLC. i c.. tlhe aluil 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 thie Virgin Islands from foreign countries represents llie 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 where making month-to-month comparisons Cumulations of data over at least 4-month periods arn desirable to identify underlying trends. Month-to-montl changes in imports, exports, and similar series often reflect primary irregular movements, differences in monthly: carryover, etc. Reliability of the Data This report presents fully compiled data for impor shipments of petroleum and petroleum products value( $251 and over. Data on any shipments valued undei 5251 are not included in this report. Information on under-5251 shipments is not compiled by commodity. but estimates based on a I-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. Coverage 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 1975 Statistics a. Januan through November 1975 issues. figures are a%. 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. 1974 Statistics a. January through May 1975 issues- figures rellec revisions issued with Deember 1974 statistics or earlier. b. Jtitle thTrough DLeithber 1975 i-istes figrires relle.t rel'isionl to 1974 dlaia Issued \% 11I J ill, I1 '5 'taltistlC or .irliitr In addition to thlt re,15osins itlll]l are InJIde Il aJ piriodiL' basis. jirstifnces miJ\ Octuir where a signiiltant error in the stlatisltis for a mionthr o thli c'urrtrrl ,'jar is dipcotcrd after tile StattiMIL for tihj monllth dre cominpled If tihe error is of sufficient imporlJnce to require correctL'lion prior to t Ii lime that the regular rcisi'nsI are carried. tlie orr.tion l ir Iade and bo noted in i11nt or oilier reports Additional information regarding tire iorcLgn trade sia- lisliis nmo be obt.ained Iron tire I-or.ign Trjad Diision. Bureau of thie ('eisus Wajluiiigtlon. D C 1012.33 Schedule A and TSUSA Commodity Numbers Used in Compiling the Information Presented in This Report Energy products Schedule A. No. Crude and partly refined petroleum 331.0120 331.0140 331.0210 331.0220 331.0230 331.0240 Crude petroleum 331.0120 331.0140 GasolLine 332.1000 Jet fuel 332.2020 Kerosene 332.2040 Distillate fuel oil 332.3020 332.3040 Residual fuel oil 332.4020 332.4040 Propane and butane gas 341.0020 Liquid derivatives of petroleum, n.e.s. 332.9940 pt. Nonenergy products TSUSA No. 475.0510 475.1010 475.0520, 475.0540 475.1020, 475.1040 475.3520 475.6520 475.0510 175.1010 475.2520, 475.2560 475.2540 475.3000 475.0530 475.1030 475.0550 475.1050 Schedule A. No. Lubricating oi lI 332.5ul00 pt. Lubricating gre3ses 332.,0,") pt. Paraffin and other min- eral waxes 332.6220 pt. 332. JM II ASpha 1 L JJI.. 9m'-l Napthas not 13r Lurther refi nement 332.9920 All other petroleum pru- ducts Lpitch of tar coke, nonliquid hydro- carbon mixtures, and calcin.d petrolLum and coal cokt not for fuel) 332.9700 pt. 332.99-0 pt. 599J.nit11 pt. TSUSA No. 475.4500 417 .55510, 175.600,' 194.2200 19 I1. 2 101) 321.11 11u 47_.A35 4tj 401 .6200 4 75. 7(000 51 7 511.10 475.1510, 475.1530 475.6540 ji BO |T .> cu' m / ^ 3 r C-C a a a B (r j vs n '.1 s'. Ca -. a. C a ip.C La 0l Tl C A1 r-n&u o *Ia a a f = 3 = rC a C 3 .i i- *a-.-a ,- a 3 ... . a a ao a r. d n, rI .3 a aa . l.. "*. ,f C .. 0 ..C . ; 5;r 3 ,.,- S 7 T ,i Z -- 0 " ? c. r. .n ">oa c 1 ar w t Pl .1 1. 1 a j:.is ,. ,o r ? N i -. i ,,. u ,T ..? ..-- 1 :. ; +_ _- .-. ,+ ," J: .." I T. n.Ii A r A ... ... c. J1 : 9. j. o d.ai .r -. -i t o F A, ii d 1:C /. c < n * T' "n _.=* [ M n n, .-.,n n B .n .- ,. B u J ., > C- 0> N; T -' +'. 7* i .i A f T t' A s~ I A!- " -I .-1 u -^p' O C P- D ra " - i P '. : : . :;. r ',' n a: .. 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LI a 7J7. 1 - *'* ^- -_* 0 1 Q h 1. : : ^O fii I-a 3tU 70h1 B0&a ? a.7- - i ? !* i - 1. F 16 1 l ls l '1 l 1 l I1 .1 1 J. i ; r* llu a l , I ; rA :Zr, ", C n rl.- "' 7 E '* j3 ,T oo .,z ], ,., t 1 2 d 7 .., e _ -I ' ^ j. 3 3 HL.^. ^ a '. c .b C ^ B b 3 ^l^nsHs 2 L *' C. r" c. r; U.S. DEPARTMENT OF COMMERCE Bureau of the Census Washington, D.C. 20233 OFFICIAL BUSINESS FIRST CLASS MAIL UEN ERSErY OF FLOa. U.S. DEPARTMENT OF COMMERCE - COM-202 |