U.S. Trade Deficit Narrows in September


Total September exports of $180.4 billion and imports of $223.5 billion resulted in a goods and services deficit of $43.1 billion, down from $44.9 billion in August, revised.

In September, the goods deficit decreased $2.0 billion from August to $58.9 billion, and the services surplus decreased $0.2 billion to $15.8 billion.  Exports of goods increased $2.6 billion to $129.3 billion, and imports of goods increased $0.6 billion to $188.2 billion. Exports of services decreased $0.1 billion to $51.1 billion, and imports of services increased $0.1 billion to $35.3 billion.

The goods and services deficit decreased $0.9 billion from September 2010 to September 2011. Exports were up $24.7 billion, or 15.9 percent, and imports were up $23.8 billion, or 11.9 percent.

The August to September increase in exports of goods reflected increases in industrial supplies and materials ($1.4 billion); consumer goods ($0.8 billion); automotive vehicles, parts, and engines ($0.2 billion); and capital goods ($0.1 billion).  A decrease occurred in other goods ($0.1 billion). Foods, feeds, and beverages were virtually unchanged.

The August to September increase in imports of goods reflected increases in industrial supplies and materials ($0.9 billion); automotive vehicles, parts, and engines ($0.5 billion); and foods, feeds, and beverages ($0.2 billion). Decreases occurred in other goods ($0.6 billion); capital goods ($0.4 billion); and consumer goods ($0.2 billion).

The September figures show surpluses, in billions of dollars, with Hong Kong $4.3 ($2.4 for August), Australia $1.4 ($1.4), Singapore $1.3 ($1.0), and Egypt $0.1 ($0.4). Deficits were recorded, in billions of dollars, with China $28.1 ($29.0), OPEC $10.4 ($13.3), European Union $6.4 ($9.0), Japan $5.2 ($6.7), Mexico $5.0 ($5.5), Germany $4.3 ($4.5), Canada $3.5 ($2.4), Ireland $2.3 ($2.9), Venezuela $2.0 ($3.0), Nigeria $1.9 ($3.0), Korea $1.5 ($0.7), and Taiwan $1.5 ($1.6).


TradingEconomics.com, U.S. Census Bureau
11/10/2011 1:47:46 PM