-->U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
December 2003


Goods and Services

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the
Department of Commerce, announced today that total December exports of $90.4
billion and imports of $132.8 billion resulted in a goods and services deficit
of $42.5 billion, $4.1 billion more than the $38.4 billion in November, revised.
December exports were $0.2 billion less than November exports of $90.6 billion.
December imports were $3.9 billion more than November imports of $128.9 billion.

In December, the goods deficit increased $4.2 billion from November to $48.2
billion, and the services surplus increased $0.1 billion to $5.7 billion.
Exports of goods decreased $0.8 billion to $62.9 billion, and imports of goods
increased $3.4 billion to $111.1 billion. Exports of services increased to
$27.4 billion from $26.8 billion, and imports of services increased to $21.7
billion from $21.3 billion.

In December, the goods and services deficit was up $0.1 billion from December
2002. Exports were up $9.3 billion, or 11.5 percent, and imports were up
$9.4 billion, or 7.7 percent.
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