US Trade Deficit Widens in September


Total September exports of $188.9 billion and imports of $230.7 billion resulted in a goods and services deficit of $41.8 billion, up from $38.7 billion in August, revised.


September exports were $0.4 billion less than August exports of $189.3 billion. September imports were $2.7 billion more than August imports of $228.0 billion.

In September, the goods deficit increased $3.0 billion from August to $61.3 billion, and the services surplus decreased $0.1 billion from August to $19.5 billion. Exports of goods decreased $0.2 billion to $132.1 billion, and imports of goods increased $2.8 billion to $193.4 billion. Exports of services decreased $0.2 billion to $56.8 billion, and imports of services decreased $0.1 billion to $37.3 billion.

The goods and services deficit increased $0.2 billion from September 2012 to September 2013. Exports were up $2.1 billion, or 1.1 percent, and imports were up $2.3 billion, or 1.0 percent.

The August to September decrease in exports of goods reflected decreases in industrial supplies and materials ($1.3 billion), other goods ($0.2 billion), consumer goods ($0.2 billion), and capital goods ($0.1 billion). An increase occurred in foods, feeds, and beverages ($1.4 billion). Automotive vehicles, parts, and engines 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 ($0.9 billion); capital goods ($0.8 billion); and consumer goods ($0.6 billion). A decrease occurred in other goods ($0.4 billion). Foods, feeds, and beverages were virtually unchanged.

The September 2012 to September 2013 decrease in exports of goods reflected decreases in industrial supplies and materials ($0.9 billion); foods, feeds, and beverages ($0.8 billion); and other goods ($0.1 billion). Increases occurred in automotive vehicles, parts, and engines ($1.2 billion) and consumer goods ($0.1 billion). Capital goods were virtually unchanged.

The September 2012 to September 2013 increase in imports of goods reflected increases in automotive vehicles, parts, and engines ($2.7 billion); capital goods ($1.4 billion); foods, feeds, and beverages ($0.3 billion); and consumer goods ($0.1 billion). Decreases occurred in industrial supplies and materials ($2.5 billion) and other goods ($0.1 billion).

The September figures show surpluses, in billions of dollars, with Hong Kong $3.2 ($3.7 for August), Australia $1.5 ($1.4), Singapore $1.3 ($1.1), and Brazil $1.0 ($1.7). Deficits were recorded, in billions of dollars, with China $30.5 ($29.9), European Union $8.0 ($9.8), Germany $6.1 ($5.4), OPEC $5.9 ($7.3), Japan $5.5 ($6.4), Mexico $5.3 ($4.9), Canada $3.2 ($2.4), Saudi Arabia $3.2 ($3.6), Korea $2.1 ($1.7), Ireland $1.8 ($1.9), India $1.7 ($1.6), and Venezuela $1.3 ($1.5).

U.S. Census Bureau | anna@tradingeconomics.com
11/14/2013 1:43:46 PM