International Trade University Webinar – CLAS 201

Webinar Series Spring 2015On May 14, we held our 5th webinar in our International Trade University Webinar Series –CLAS 201: Classification Challenges and Other Resources.  Don’t worry If you missed it!  You can still benefit from our new information packed webinar. Click to watch the FREE recording!

Experts from the Micro Analysis Branch presented on the following items:

  • Common classification challenges such as,
    • Essential Character
    • Kits and Sets
    • Parts
  • Useful classification references materials.

Don’t forget to mark your calendar for May 28th @ 2pm ET. We will have experts from the Trade Regulations Branch to discuss Regulatory Changes.  Go to our International Trade Outreach, Education and Training webpage for more information on this webinar and view previous recordings.

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Investigating Economic Indicators – Webinar

Indicator Blog

By: Philip Thompson

Have you ever wanted to find specialized indicator data but did not know where to look? Join us on May 20 for the Navigating Indicator Databases webinar at 1 p.m. EDT. In this webinar, viewers will learn how to navigate Census Bureau databases to find Economic Indicators data via multiple sources:

The U.S. Census Bureau’s Economic Indicators keep the world informed by providing the first official measures of the changing U.S. economy.

This dataset provides monthly and quarterly statistics that are timely, reliable and offer comprehensive measures of the U.S. economy. These statistics cover construction, housing, international trade, retail trade, wholesale trade, services and manufacturing. The data provide measures of current economic activity that allow analysis of performance and inform business investment and policy decisions.

The May 20 webinar is part of the “Investigating Economic Indicators” webinar series, where viewers will learn about the Economic Indicators data, how they can be used and how to access them. Future topics include:

  • Understanding Construction and Housing Statistics
  • Manufacturing, Products, and Goods Across Indicators
  • Measuring Our Evolving Economy: Exploring the Quarterly Financial Report and the Quarterly Services Survey’s Role in Tracking the Service Industries

Additional webinar topics will be coming soon.

Visit www.census.gov/econ/webinar for additional details and information on these webinar and to view previous webinars related to the Economic Indicators data.

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International Trade University Webinar – FTR 301

Webinar Series Spring 2015On April 30, we held the fourth webinar in our International Trade University Webinar Series — FTR 301: Types of Export Transactions. Don’t worry if you missed it! You can still benefit from our new information-packed webinar. Click to watch the FREE e-training course!

Experts from the Foreign Trade Regulations staff presented on the following items:

  • The two types of export transactions
  • The responsibilities of parties in the transaction
  • Differentiation between standard and routed export transactions
  • The responsibilities of parties involved

Don’t forget to mark your calendar for May 14 at 2 p.m. EDT. We will have experts from the U.S. Census Bureau to discuss classification challenges and other resources. Go to our International Trade Outreach, Education and Training webpage for more information on this webinar and to view previous recordings.

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U.S. International Trade in Goods and Services – March 2015

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The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $51.4 billion in March, up $15.5 billion from $35.9 billion in February, revised. March exports … Continue reading

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Getting Your Trade Data Faster

In July 2015, the U.S. Census Bureau will introduce the Advance Report: U.S. International Trade in Goods. The new Advance Report will contain international goods trade data for five export and import end-use categories, in addition to totals. While the Census Bureau and Bureau of Economic Analysis (BEA) jointly produce the full FT-900: U.S. International Trade in Goods and Services (FT-900) report approximately 35 calendar days after the reference month ends, the new Advance Report will be published up to a week sooner.

Who benefits? 

Private sector data users and other government agencies will both benefit from an earlier release of U.S. trade data. The Advance Report allows policymakers and private data users to make data-driven decisions sooner due to this high-level “snapshot,” coupled with BEA’s expanded ability to produce a more complete advance Gross Domestic Product (GDP) estimate. In addition, the release will also allow BEA to incorporate export and import data from the third month of a quarter into the advance quarterly estimate of GDP, thereby producing a more complete quarterly estimate. The advance GDP offers the first glimpse of the broadest measure of how the U.S. economy is performing for any given quarter.

These data will cover end-use categories at the one-digit level for the impending monthly trade release. The comprehensive FT-900 will continue to be published on the same schedule and will cover the full details that you are used to seeing today.

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International Trade University Webinar – CLAS 101

Webinar Series Spring 2015On April 16, we held our 3rd webinar in our International Trade University Webinar Series–CLAS 101: Classifying Your Product (Schedule B). Don’t worry if you missed it! You can still benefit from our new information packed webinar. Click to watch the FREE recording!

Experts from the Micro Analysis Branch presented on the following items:

  • The basics of classification
  • The Schedule B search engine and how to use it
  • General Rules of Interpretation

Don’t forget to mark your calendar for April 30th @ 2pm ET. We will have experts from the Trade Regulations Branch to discuss Types of Export Transactions. Go to our International Trade Outreach, Education and Training webpage for more information on this webinar and view previous recordings.

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International Trade University Webinar – FTR 201

Webinar Series Spring 2015On April 2, we held the second webinar in our International Trade University Webinar Series — FTR 201: Filing Requirements. Don’t worry if you missed it! You can still benefit from our new information-packed webinar. Click to watch the FREE e-training course!

Experts from the Foreign Trade Regulations staff presented on the following items:

  • The requirements for filing Electronic Export Information (EEI)
  • When to use exemptions and exclusions

Go to our International Trade Outreach, Education and Training webpage for more information on this webinar and to view previous recordings.

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February 2015, Trade Deficit Decreased

By: Ariel Sedeno

The trade deficit in goods and services decreased to $35.4 billion in February, a $7.2 billion decrease from the January deficit of $42.7 billion, revised. The decrease in the deficit reflects a decrease of $3.0 billion in exports and a larger decrease of $10.2 billion in imports.

Below are a few highlights from February:

  • Imports of industrial supplies and materials decreased $4.4 billion to $42.6 billion, the lowest since October 2009 ($42.2 billion).
  • February exports of consumer goods, at $17.8 billion, were the highest on record.
  • The February petroleum deficit, at $8.1 billion, was the lowest since July 2002 ($7.8 billion).

Click here for more monthly trade highlights.

To learn more about the FT-900: U.S. International Trade in Goods and Services and other economic indicators the Census Bureau publishes, join the Economic Indicators Division for the “Investigating Economic Indicators” Webinar series.

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