US Trade Deficit Widens in September


The US trade gap increased to USD 43.03 billion in September compared with a revised USD 39.99 billion shortfall in August, as exports decreased to a five-month low.

Total September exports of $195.6 billion and imports of $238.6 billion resulted in a goods and services deficit of $43.0 billion, up from $40.0 billion in August, revised. September exports were $3.0 billion less than August exports of $198.6 billion. September imports were $0.1 billion more than August imports of $238.6 billion.

In September, the goods deficit increased $2.4 billion from August to $62.7 billion, and the services surplus decreased $0.6 billion from August to $19.6 billion. Exports of goods decreased $2.6 billion to $136.1 billion, and imports of goods decreased $0.1 billion to $198.7 billion. Exports of services decreased $0.4 billion to $59.5 billion, and imports of services increased $0.2 billion to $39.9 billion.

The August to September decrease in exports of goods reflected decreases in industrial supplies and materials ($2.0 billion); capital goods ($1.2 billion); consumer goods ($0.7 billion); other goods ($0.1 billion); and automotive vehicles, parts, and engines ($0.1 billion). An increase occurred in foods, feeds, and beverages ($1.3 billion).

The August to September decrease in imports of goods reflected decreases in industrial supplies and materials ($1.1 billion); capital goods ($0.9 billion); and automotive vehicles, parts, and engines ($0.5 billion). Increases occurred in consumer goods ($1.9 billion); other goods ($0.3 billion); and foods, feeds, and beverages ($0.1 billion). 

Exports of services decreased $0.4 billion from August to September. The decrease mostly reflected decreases in travel (for all purposes including education) ($0.3 billion), and in transport ($0.1 billion), which includes freight and port services and passenger fares. Changes in the other categories of services exports were relatively small and nearly offsetting.

Imports of services increased $0.2 billion from August to September, mostly reflecting an increase in transport ($0.1 billion). Changes in the other categories of services imports were relatively small.

The goods and services deficit increased $0.8 billion from September 2013 to September 2014. Exports were up $5.3 billion, or 2.8 percent, and imports were up $6.1 billion, or 2.6 percent.

US Trade Deficit Widens in September


US Department of Commerce | Joana Taborda | joana.taborda@tradingeconomics.com
11/4/2014 1:41:59 PM