Revisions

Goods carry-over in April was $0.4 billion (0.3 percent) for exports and $0.8 billion (0.5 percent) for imports. For March, revised export carry-over was $0.1 billion (0.1 percent), revised down from $0.4 billion (0.3 percent). For March, revised import carry-over was $0.2 billion (0.1 percent), revised down from $0.8 billion (0.5 percent).

Goods and services exports and imports for all months shown in this release reflect the incorporation of annual revisions to the goods and services series in the U.S. international transactions accounts. See the “Notice” in this release for a description of major revisions to goods and services exports and imports.

Goods

The 2007 not seasonally adjusted Census-basis goods data were revised to redistribute monthly data that arrived too late for inclusion in the month of transaction but that were included, initially, in the month in which the data were received. In addition, corrections were made to previously published data. Once the redistributions of data to the proper month of transaction and corrections were completed, factors for seasonal adjustment and trading day adjustments were recomputed and the seasonally adjusted current-dollar series were revised for 2005-2007 and the first three months of 2008. Similar changes were made to the chain-weighted dollar series. Also, the balance of payments adjustments to the Census-basis data have been revised to incorporate updated source data.


Available at:

http://www.bea.gov/newsreleases/international/trade/tradnewsrelease.htm