U.S. Trade Defict Narrows in September


Total September exports of $187.0 billion and imports of $228.5 billion resulted in a goods and services deficit of $41.5 billion, down from $43.8 billion in August, revised.

September exports were $5.6 billion more than August exports of $181.4 billion. September imports were $3.4 billion more than August imports of $225.2 billion.

In September, the goods deficit decreased $1.4 billion from August to $57.5 billion, and the services surplus increased $0.8 billion from August to $15.9 billion. Exports of goods increased $5.4 billion to $134.0 billion, and imports of goods increased $3.9 billion to $191.5 billion. Exports of services increased $0.3 billion to $53.0 billion, and imports of services decreased $0.6 billion to $37.1 billion.

The goods and services deficit decreased $2.9 billion from September 2011 to September 2012. Exports were up $6.4 billion, or 3.5 percent, and imports were up $3.4 billion, or 1.5 percent.

The August to September increase in exports of goods reflected increases in industrial supplies and materials ($3.4 billion); foods, feeds, and beverages ($1.1 billion); consumer goods ($0.5 billion); capital goods ($0.4 billion); and other goods ($0.2 billion). A decrease occurred in automotive vehicles, parts, and engines ($0.3 billion).

The August to September increase in imports of goods reflected increases in consumer goods ($2.7 billion); industrial supplies and materials ($1.2 billion); capital goods ($0.6 billion); other goods ($0.1 billion); and foods, feeds, and beverages ($0.1 billion). A decrease occurred in automotive  vehicles, parts, and engines ($0.9 billion).


TradingEconomics.com, U.S. Census Bureau
11/8/2012 1:44:09 PM