U.S. foreign trade

A UNITED STATES
DEPARTMENT OF
COMMERCE
PUBLICATION









FT-900-72-4
May 26, 1972


I ,'~ n.


U.S. FOREIGN TRADE


;)(RORT AND IMPORT
.... MERCHANDISE


APRIL 1972


Seasonally Adjusted and Unadjusted Data


The Bureau of the Census, Department of Commerce,
announced today that during April 1972, seasonally
adjusted exports, excluding Department of Defense (DOD)
Military Assistance Program Grant-Aid shipments,
amounted to $3,760.3 million and that seasonally adjusted
general imports for April amounted to $4,459.7 million.' 2
Comparable seasonally adjusted totals for March 1972
were $3,890.7 million for exports and $4,475.0 million
for imports.
The Bureau, part of the Department's Social and
Economic Statistics Administration (SESA), noted that the
merchandise trade deficit for April, $699.4 million, was
the largest of the year and the second highest deficit
figure on record being exceeded only by the $821.4
million recorded in October 1971. For the January to
April 1972 period, a deficit of $2,200.1 million was
recorded. These figures are based on seasonally adjusted
data.
The Bureau also noted that the April seasonally
adjusted export total was the lowest recorded for this
year. Seasonally adjusted imports for April showed
only a slight decrease from the near record high level of
March 1972.

For the first 4 months of 1972, exports on a seasonally
adjusted basis were at an annual rate of $47,032 million
(about 8 percent above the calendar year 1971 total of
$43,555 million). Imports were at an annual rate of
$53,632 million (about 18 percent above the calendar year


1971 total of $45,602 million). During the 4-month period,
January-April 1972, seasonally adjusted exports averaged
$3,919.4 million per month, a level about 10 percent above
the $3,559.7 million average reported for the preceding
4-month period September-December 1971. Imports
averaged $4,469.4 million per month for the current
4-month period, about 17 percent above the monthly
average of $3,823.9 million reported for the preceding
4-month period. (It should be noted that the monthly
averages quoted for the September-December 1971
period reflect data compiled during periods when export
and import operations at most U.S. east, west, and gulf
coast ports were being affected by dock strikes which
were either pending or actually in effect.)

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 DOD Military Assistance
Program Grant-Aid shipments.)

Exports unadjusted for seasonal change and excluding
Military Assistance Program Grant-Aid shipments de-
creased from $4,309.7 million in March to $3,886.6
million in April. With Military Assistance Program
Grant-Aid shipments included, April exports were valued
at $3,936.7 million as compared to $4,349.2 million in
March. Unadjusted general imports amounted to $4,247.9
million in April and $4,844.2 million in March.


'Adjusted for seasonal and working-day variation, but not for price level. Factors used to adjust 1972 data represent
seasonal adjustment factors derived from monthly data for 1958-1970and introduced in 1971 combined with the 1972 working-
day adjustment factors. Distortions in the 1971 monthly trade patterns caused by strikes at U.S. west, east, and gulf
coast ports led to the decision to make the seasonal adjustment factors introduced in 1971 applicable to 1972 data.
2Cumulations 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 December 1968-March 1969 and July-December 1971 because of
abnormalities in the data due to effects of dock strikes and (2) periods when negligible changes (zero percent) in the
level of exports/imports occurred:
Month-to-month Average monthly rates of change

Series ar-Apr Feb-Mar Average Average 4 months 12 months
Series Mar.-Apr. Feb.-Mar. Jan.-Feb. Dec. 1971- rise decline Dec. 1971- Apr. 1971-
1972 1972 1972 Jan. 1972 1966-1971 1966-1971 Apr. 1972 Apr. 1972
(percent) (percent) (percent) (percent) 2 19 66-91 1966-191 Ar 972 Apr 1een9t7)2
(percent) (percent) (percent) (percent) (percent) (percent) (percent) (percent)

Exports.... -3.4 +2.2 -9.8 +9.4 +4.6 -3.7 -0.4 +2.1
Imports.... -0.3 +1.6 -3.0 +9.9 +3.5 -2.8 +2.1 +1.9



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.

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.









2 / -
EXPLANATION OF STATISTIC .

Import Statistics export. ever, as indicated % for imports,
because d dressing problems ere. as always been
General imports are a combination of entries for a carryor 9 Z small percent shipments from
immediate consumption and entries into bonded ware- their ac3rual oy4f shipme a ubsequent month,
houses. Imports for consumption are a combination of usually the Qwii statement above
entries for immediate consumption and withdrawals regarding the e' t f npot carryover generally
from warehouses for consumption, applies to exports al"~6t--~~"

The dollar value shown in the import statistics is Revisions to the Statistics
defined generally as the market value in the foreign Revisions are carried into the statistics on a periodic
country and therefore excludes U.S. import duties, basis. Data for 1971 and 1972 appearing in the 1972
freight charges from the foreign country to the United monthly issues of this report are presented as follows:
States, and insurance. Value information is required
to be reported on import entries in accordance with 1972 Statistics
Sections 402 and 402a of the Tariff Act of 1930, as
amended. None of the values have been adjusted for a. January through November 1972 issues: figures
changes in price level, are as originally issued, except as noted below.
b. December 1972 issue: figures reflect revisions
It is the objective of the compiling procedures to for prior months of the year issued with December
include shipments, insofar as practicable, in the statistics 1972 statistics.
for the month of import, which is based on the filing date
of the import entry or warehouse withdrawal document.' 1971 Statistics
However, because of processing problems, there has
always been a carryover of a small percentage of items a. January through May 1972 issues: figures reflect
from the actual month of importation to a subsequent revisions issued with December 1971 statistics or
month, usually the succeeding month. The carryover earlier.
should have little effect on month-to-month comparisons b. June through December 1972 issues: figures reflect
of overall totals, since the carryover of the previous revisions to 1971 data issued with June 1972
month should compensate roughly for that of the following statistics.
month. In addition to the revisions which are made on a
periodic basis, instances may occur where a significant
Export Statistics error in the statistics for a month of the current year
is discovered after the statistics for that m6nth are
Exports of domestic merchandise include commodities compiled. If the error is of sufficient importance to
which are grown, produced, or manufactured in the United require correction prior to the time that the regular
States, and commodities of foreign origin which have been revisions are carried, the correction is made and so
changed in the United States from the form in which they noted in this report.
were imported, or which have been enhanced in value by Sources of Further Information
further manufacture in the United States. Exports of
foreign merchandise include commodities of foreign
origin which have entered the United States as imports Additional information regarding foreign trade sta-
and which, at the time of exportation, are in substantially tistics coverage, valuation, etc., is contained in the follow-
the same condition as when imported, ing publications: Report FT 990, Highlights of U.S. Export
and Import Trade; FT 135, U.S. Imports, General and
The dollar value shown in the export statistics is Consumption, Schedule A Commodity by Country; FT 410,
defined generally as the f.a.s. value at the U.S. port of U.S. Exports, Schedule B Commodity by Country; and
exportation. These values have not been adjusted for the Guide to Foreign Trade Statistics. Information re-
changes in price level, garding additional sources of statistics, the methodology
used in seasonally adjusting the data, and other matters
In general, compiling procedures provide for the relating to foreign trade statistics may be obtained from
inclusion of shipments in the statistics for the month of 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
'For shipments by vessel, merchandise is not included leaves the United States, or, in the case of vessel or
in the statistics prior to the date of formal entrance of air shipments, the date when the carrier departs (or is
the vessel (i.e., the date of the inward customs manifest cleared) from the port of export. For mail shipments, the
for the vessel), 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 1967 to April 1972


(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 effects on the statistics)


Ratio scale
- 5000


- 4000



- 3000





- 2000


- 5000


- 4000



- 3000





- 2000

Arithmetic
scale
-1750


500

250

0

-250

-500

-750

-1000


1 Represents exports of domestic and foreign merchandise excluding Department of Defense Military Assistance Program Grant-Aid shipments.
2 Defined 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 1971 to April 1972
(In millions of dollars)
Period and January-
eriand Ja ry- January February March April May June July August Septe- October November December


19711
Exports ......... 14,760.1 3,733.3 3,690.9 3,814.6 3,521.3 3,782.6 3,660.7 3,492,7 3,678.0 4,510.6 2,709.9 3,159.7 3,858.6
Imports ....... 14,552.0 3,683.4 3,550.1 3,564.9 3,753.6 3,983.2 4,018.6 3,789.7 3,934.3 4,245.2 3,531.3 3,386.9 4,132.3
Merchandise trade
balance ........ +208.1 +49-9 +140.8 +249.7 -232.3 -200.6 -357.9 -297.0 -256.3 +265.4 -821.4 -227.2 -273.7
19722
Exports-....... 15,677.4 4,220.8 3,805.6 3,890.7 3,760.3
Imports........... 17,877.5 4,539.6 4,403.2 4,475.0 4,459.7
Merchandise trade
balance........ -2,200.1 -318.8 -597.6 -584.3 -699.4
'Data for 1971 and 1972 reflect seasonal adjustment factors introduced in January 1971. See footnote I on front page.
Represents exports of domestic and foreign merchandise excluding Department of Defense Military Assistance Program Grant-Aid shipments.
3Defined as exports (see footnote 2, above) minus general imports.












Table 2. U.S. Exports of Merchandise Showing Department of Defense (DOD) Military Assistance Program
Grant-Aid Shipments, by Month: January 1971 to April 1972
(In millions of dollars. Unadjusted totals represent sum of unrounded figures and hence may vary slightly from sum of rounded amounts)


Exports excluding DOD Exports including
Grant-Aid DOD Grant-Aid DOD Grant-Aid2

Period Domestic Domestic Domestic
and and Domestic, and Domestic, Western Other
foreign foreign, unadjusted foreign, unadjusted Total Europe countries
adjusted' unadjusted unadjusted



1971

January-December.......................... (') 43,555.3 42,915.9 44,136.6 43,497.2 581.3 272.4 308.9

January-April............................. 14,760.1 14,921.3 14,703.2 15,095.1 14,877.1 173.9 76.3 97.6

January................................... 3,733.3 3,479.8 3,431.6 3,530.3 3,482.1 50.5 22.6 27.9
February.................................. 3,690.9 3,528.1 3,471.5 3,559.4 3,502.8 31.3 13.2 18.0
March..................................... 3,814.6 4,107.9 4,058.5 4,156.0 4,106.6 48.1 23.4 24.7
April..................................... 3,521.3 3,805.5 3,741.6 3,849.5 3,785.6 44.0 17.0 27.0
May....................................... 3,782.6 3,913.5 3,854.3 3,970.4 3,911.2 56.9 42.7 14.2
June...................................... 3,660.7 3,685.6 3,624.7 3,740.1 3,679.2 54.5 28.3 26.2

July...................................... 3,492.7 3,338.3 3,292.9 3,395.9 3,350.6 57.7 24.5 33.1
August.................................... 3,678.0 3,366.5 3,319.4 3,424.1 3,377.0 57.6 28.1 29.5
September................................. 4,510.6 4,225.1 4,169.7 4,264.9 4,209.5 39.8 17.4 22.3
October................................... 2,709.9 2,827.8 2,775.6 2,893.2 2,841.0 65.4 32.5 32.8
November.................................. 3,159.7 3,220.7 3,176.4 3,263.9 3,219.5 43.2 16.3 26.8
December.................................. 3,858.6 4,056.5 3,999.6 4,088.9 4,032.1 32.5 6.1 26.3

1972

January-April............................. 15,677.4 15,791.0 15,550.1 15,976.9 15,735.9 185.8 92.1 93.7

January................................... 4,220.8 3,814.8 3,765.9 3,872.6 3,823.8 57.9 37.9 20.0
February.................................. 3,805.6 3,780.0 3,722.7 3,818.4 3,761.1 38.4 15.0 23.4
March..................................... 3,890.7 4,309.7 4,250.0 4,349.2 4,289.5 39.5 14.0 25.5
April..................................... 3,760.3 3,886.6 3,811.5 3,936.7 3,861.5 50.0 25.2 24.9
May.......................................
June......................................

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


'Adjusted for seasonal and working-day variation using seasonal adjustment factors introduced in January 1971. See footnote 1 on front page.
2Data 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. Exports and Imports.
3Annual total is not shown for seasonally adjusted data. Unadjusted data should be used for annual totals.





Table 3. U.S. Imports of Merchandise, by Month: January 1971 to April 1972

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


Period


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

January-April..............................

January....................................
February..................................
March......................................
April......................................
May........................................
June.......................................

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


1971

General imports


Seasonally
adjustedV


(1)

14,552.0

3,683.4
3,550.1
3,564.9
3,753.6
3,983.2
4,018.6

3,789.7
3,934.3
4,245.2
3,531.3
3,386.9
4,132.3


Unadjusted


45,602.1

14,410.1

3,419.3
3,190.8
3,906.8
3,893.2
3,840.6
4,278.2

3,690.4
3,844.2
4,253.7
3,471.6
3,530.5
4,282.7


Imports
for
consumption,
unadjusted

45,545.9

14,345.7

3,430.8
3,178.6
3,879.0
3,857.3
3,844.3
4,247.4

3,671.6
3,810.3
4,420.0
3,516.6
3,520.0
4,169.8


1972


General imports

Seasonally Unadjusted
adjusted Unadusted


17,877.5

4,539.6
4,403.2
4,475.0
4,459.7


17,549.2

4,279.9
4,177.3
4,844.2
4,247.9


'Adjusted for seasonal and working-day variation using seasonal adjustment factors introduced in January 1971. See footnote 1 on front page.
2Annual total is not shown for seasonally adjusted data. Unadjusted data should be used for annual totals.


Imports
for
consumption,
unadjusted


17,480.3

4,259.7
4,157.6
4,842.0
4,221.0











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 1971 to April 1972

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


Schedule B sections and selected divisions'
Period

0 1 2 3 4 5 6 72 171 72 73 8 9

Seasonally adjusted3


1971

January-April ........... 1,471.4 304.1 1,525.5 572.3 4213.9 1,228.2 1,491.1 6,543.8 2,873.2 995.9 2,634.7 882.6 4525.5

January................. 389.6 87.6 387.9 146.8 '51.7 303.7 397.2 1,650.8 788.7 264.1 531.9 218.4 '137.9
February ................ 370.5 63.4 370.4 148.1 '51.5 312.8 365.5 1,631.1 694.6 253.9 710.0 222.9 '113.8
March................... 378.6 79.5 401.4 142.3 456.5 317.8 370.8 1,742.6 726.5 241.3 786.6 227.2 '117.3
April................... 332.7 73.6 365.8 135.1 '54.2 293.9 357.6 1,519.3 663.4 236.6 606.2 214.1 4156.6
May..................... 374.7 69.3 350.4 142.2 '49.2 320.2 357.6 1,710.0 684.5 256.0 823.2 230.4 4146.5
June.................... 341.4 63.2 357.6 120.7 449.3 341.1 375.8 1,597.9 699.0 238.3 654.8 235.5 4135.3
July.................... 329.2 71.8 326.1 103.0 462.7 358.4 372.6 1,504.3 662.7 254.8 586.9 227.0 4134.9
August.................. 328.2 80.2 347.7 158.1 445.4 386.1 375.5 1,582.3 682.1 255.0 649.7 238.5 4125.3
September.............. 468.9 98.7 433.3 139.6 458.1 451.3 454.4 1,937.5 887.0 305.4 763.7 261.1 4122.0
October................ 263.5 8.0 249.6 81.6 '40.6 210.3 260.5 1,395.4 589.8 226.9 567.9 182.8 4124.7
November............... 347.8 8.3 328.4 60.7 437.0 234.1 324.3 1,527.2 672.6 244.7 601.1 214.3 4107.1
December............... 447.3 54.2 417.8 128.0 '58.9 305.7 401.7 1,659.1 773.0 293.8 600.5 262.2 4113.8

1972

January-April. ......... 1,498.3 449.5 1,599.3 552.4 4166.1 1,330.7 1,539.3 6,988.6 3,102.9 1,177.7 2,656.8 1,027.4 '547.2

January.............. 399.4 201.5 414.7 147.8 452.4 378.3 392.3 1,902.8 870.6 316.9 636.4 258.7 4150.8
February................ 374.5 145.3 369.7 128.1 439.7 358.2 386.5 1,621.2 750.2 290.9 609.0 253.9 4117.4
March................ 357.5 57.1 415.4 145.2 438.2 315.2 387.5 1,787.7 755.3 286.8 758.1 252.9 4133.9
April.................. 366.9 45.6 399.5 131.3 '35.8 279.0 373.0 1,676.9 726.8 283.1 653.3 261.9 4145.1
May............
June.. ........ ........
July.... ... .. .. ..
August..................
September... ........
October .................
November................
December..... ........


Unadjusted


1971

January-December ........ 4,365.0 709.6 4,326.2 1,497.4 615.0 3,837.4 4,413.0 19,464.8 8,501.1 3,068.0 7,895.7 2,733.6 1,535.2

January-April.......... 1,467.8 228.6 1,539.8 512.4 213.9 1,234.9 1,522.8 6,730.6 2,938.6 1,006.3 2,785.7 900.8 525.5

January................ 381.8 56.6 383.7 119.5 51.7 279.7 372.9 1,489.0 702.0 254.6 532.4 209.4 137.9
February............... 355.3 47.0 364.5 121.4 51.5 295.6 356.7 1,585.4 668.2 232.1 685.2 211.5 113.8
March.................. 387.7 67.0 409.8 130.1 56.5 335.6 404.5 1,950.0 810.8 264.5 874.7 248.1 117.3
April.................. 343.0 57.9 381.9 141.4 54.2 323.9 388.7 1,706.2 757.6 255.1 693.5 231.8 156.6
May................... 358.6 64.3 353.2 147.7 49.2 338.8 380.9 1,840.0 729.7 264.9 845.4 232.1 146.5
June................... 334.9 60.0 361.5 133.5 49.3 347.9 390.5 1,633.0 712.3 246.9 673.8 233.4 135.3
July.................... 323.6 61.4 298.4 107.1 62.7 368.4 352.9 1,420.1 664.0 244.3 511.8 221.1 134.9
August................. 308.9 74.4 302.5 167.3 45.4 385.4 352.2 1,382.9 623.4 238.4 521.1 232.8 125.3
September.............. 444.9 122.7 369.2 158.2 58.1 424.7 436.3 1,815.5 808.9 291.7 714.8 258.0 122.0
October ............... 284.1 10.1 266.5 87.1 40.6 205.3 253.0 1,384.2 588.0 234.6 561.6 185.4 124.7
November............... 381.9 12.0 371.7 62.1 37.0 223.1 315.2 1,498.2 653.1 240.3 604.7 211.3 107.1
December............... 460.3 76.2 463.3 122.1 58.9 309.1 409.3 1,760.3 783.1 300.5 676.7 258.7 113.8

1972

January-Apill........... 1,490.6 322.0 1,611.2 493.8 166.1 1,326.0 1,571.6 7,161.0 3,163.0 1,187.8 2,810.2 1,046.5 547.2

January .............. 379.4 126.2 397.7 116.6 52,4 337.8 357.4 1,664.9 751.3 296.3 617.3 240.6 150.8
February............. 373.0 112.0 378.2 109.1 39.7 351.8 391.9 1,637.4 750.2 276.4 610.8 250.6 117.4
March................ 376.4 49.5 436.2 136.5 38.2 342.3 434.8 2,057.6 867.1 323.2 867.3 284.0 133.9
April................ 361.7 34.3 399.1 131.6 35.8 294.1 387.5 1,801.0 794.4 291.9 714.7 271.3 145.1
May............. ........
June ............ ........
July.. ........ ........
August ...... ........
September.... ........
October.. .........
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
'Seasonally adjusted figures for section 7 may differ slightly from the sum of divisions 71,72, and 73 since each is independently adjusted.
'Adjusted for seasonal and working-day variation using seasonal adjustment factors introduced in January 1971. See footnote 1 on front page.
Annual totals are not shown for seasonally adjusted data. Unadjusted data should be used for annual totals. The adjusted section totals in
this table and similar overall monthly totals in tables 1 and 2 were adjusted independently.
'In the absence of demonstrable seasonal patterns for this section, no seasonal adjustment factors have been applied to date.











6

Table 5. U.S. General Imports-Schedule A Sections, Seasonally Adjusted and Unadjusted by Month:
January 1971 to April 1972
(In millions of dollars. Unadjusted totals represent sum of unrounded figures and hence may vary slightly from sum of rounded amounts)

Schedule A sections'
Period
0 1 2 3 4 5 6 7 8 9

Seasonally adjusted2

1971

January-April........... 1,827.0 252.6 1,073.3 1,050.1 '61.1 526.1 3,053.3 4,444.4 1,787.6 '474.3

January................ 520.6 63.6 253.0 252.5 '11.9 135.5 808.1 1,102.1 447.1 '117.6
February............... 411.6 60.3 241.9 253.3 '15.5 134.5 746.5 1,114.5 445.7 '109.4
March.................. 409.2 62.9 295.4 270.9 '16.1 124.0 737.9 1,099.4 433.9 $122.1
April................... 485.6 65.8 283.0 273.4 '17.6 132.1 760.8 1,128.4 460.9 '125.1
May................... 477.1 82.4 293.1 329.6 '15.8 148.6 830.4 1,154.6 462.6 '127.3
June.................... 482.9 99.8 318.0 309.8 '13.9 145.7 884.1 1,203.0 476.1 '124.1
July.................... 493.0 101.5 323.6 322.5 '12.0 154.9 799.7 1,076.2 414.6 '132'6
August.................. 537.5 117.4 278.6 323.6 '11.0 146.3 829.1 1,237.0 419.3 '120.5
September............... 612.5 113.5 306.5 350.7 '17.6 179.5 865.0 1,279.9 442.1 '112.6
October............. 299.2 53.7 252.5 333.5 '13.5 118.0 723.9 1,175.0 431.1 '127.1
November............... 299.8 41.2 245.6 360.9 '12.1 88.7 676.4 1,148.6 417.3 '116.9
December................ 506.0 51.8 281.2 348.6 '14.8 112.5 881.4 1,188.7 540.0 '140.3

1972

January-April........... 2,065.1 313.0 1,249.8 1,485.5 '63.6 670.3 3,537.5 5,659.7 2,310.0 '503.6

January ...... ........ 609.9 82.9 311.7 369.9 314.8 171.6 963.9 1,330.4 587.2 '127.2
February ................ 547.3 86.1 308.5 352.2 '21.1 153.2 890.5 1,364.0 545.7 '116.0
March ................... 426.8 74.6 305.5 371.3 315.4 166.2 874.1 1,502.0 606.2 '133.0
April................... 481.1 69.4 324.1 392.1 312.3 179.3 809.0 1,463.3 570.9 '127.3
May.....................
June....................
July....................
August..................
September...............
October.................
November...............
December................

Unadjusted


1971

January-December........ 5,531.2 875.5 3,384.6 3,714.7 171.8 1,612.1 9,548.5 13,903.8 5,384.1 1,475.8

January-April........... 1,826.3 258.7 1,020.4 1,108.3 61.1 544.7 2,974.6 4,504.3 1,637.4 474.3

January................. 459.7 63.1 231.0 267.6 11.9 124.0 720.0 1,034.9 389.4 117.6
February................ 385.7 56.1 205.4 255.8 15.5 125.4 636.0 1,032.0 369.5 109.4
March ................... 458.7 69.0 306.6 315.6 16.1 144.9 794.7 1,236.9 442.1 122.1
April................... 522.1 70.4 277.3 269.3 17.6 150.4 823.9 1,200.6 436.5 125.1
May..................... 446.1 74.6 293.7 297.0 15.8 150.5 851.2 1,168.5 415.9 127.3
June.................... 500.7 92.7 348.5 303.0 13.9 142.3 947.8 1,312.5 492.8 124.1
July.................... 482.1 83.1 313.9 303.8 12.0 139.9 782.9 986.9 453.2 132.6
August.................. 529.4 86.9 302.0 327.2 11.0 148.1 812.5 1,031.7 474.7 120.5
September............... 610.7 104.4 308.4 333.1 17.6 165.9 896.2 1,219.8 485.0 112.6
October................. 290.2 61.4 247.2 309.8 13.5 114.5 701.5 1,157.3 449.2 127.1
November................ 302.8 50.5 254.4 331.7 12.1 90.2 716.4 1,218.7 436.9 116.9
December................ 542.9 63.3 296.1 400.9 14.8 116.0 865.5 1,304.1 539.0 140.3

1972

January-April........... 2,036.0 317.5 1,170.5 1,556.1 63.6 689.6 3,407.8 5,701.5 2,103.1 503.6

January................. 547.1 83.5 288.9 398.4 14.8 159.4 872.3 1,269.2 519.1 127.2
February................ 540.8 84.8 276.4 375.4 21.1 150.8 800.6 1,334.0 477.5 116.0
March................... 472.9 80.9 313.5 427.4 15.4 192.0 930.0 1,668.7 610.4 133.0
April................... 475.3 68.3 291.7 354.9 12.3 187.5 804.9 1,429.6 496.1 127.3
May.....................
June....................
July....................
August..................
September...............
October.................
November................
December...............

'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
'Adjusted for seasonal and working-day variation using seasonal adjustment factors introduced in January 1971. See footnote I on front page.
Annual totals are not shown for seasonally adjusted data. Unadjusted data should be used for annual totals. The adjusted section totals in
this table and similar overall monthly totals in tables 1 and 3 were adjusted independently.
'In the absence of demonstrable seasonal patterns for this section, no seasonal adjustment factors have been applied to date.


































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U.S. DEPARTMENT OF COMMERCE
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