United States Exports

Exports from the United States decreased to $258.8 billion in October 2023, a $2.6 billion decline from September's over one-year high of $261.4 billion. Goods sales declined by $3.2 billion, notably driven by a $2.1 billion fall in consumer goods exports encompassing items like gem diamonds, pharmaceutical preparations, and jewelry. Furthermore, exports of vehicles and parts dipped by $0.9 billion, attributed to reduced sales in passenger cars, automotive parts and accessories, as well as trucks, buses, and special purpose vehicles. However, exports of industrial supplies and materials bucked this trend, increasing by $1.2 billion. On the services front, exports grew by $0.6 billion, attributed to sectors such as transport, financial, and other business services.

Exports from the United States increased by $5.7 billion over a month to $261.1 billion in September 2023, the highest level since August 2022, driven by a $5.3 billion increase in goods sales. Shipments of industrial supplies and materials rose by $1.4 billion, primarily in crude oil and other petroleum products. Furthermore, exports of foods, feeds, and beverages surged by $1.4 billion, mainly due to increased shipments of soybeans and corn. There was also an $0.8 billion increase in other goods exports. Exports of services saw a $0.3 billion increase, totaling $84.4 billion, primarily driven by growth in travel and transport.

Exports from the United States increased by $4.1 billion over a month to $256 billion in August 2023, the highest level in five months, boosted by a $3.1 rise in goods sales. Shipments of industrial supplies and materials increased $2.7 billion, mostly crude oil (up $1.5 billion) and fuel oil (up $0.5 billion). Meanwhile, capital goods exports surged by $1.1 billion, driven by increased shipments of computer accessories (up by $0.5 billion) and semiconductors (up by $0.3 billion). Additionally, consumer goods exports saw a $1.0 billion rise, with pharmaceutical preparations increasing $0.4 billion. On the other hand, overseas sales of automotive vehicles, parts, and engines saw a decline of $1.4 billion, with passenger cars dropping by $0.8 billion, and trucks, buses, and special purpose vehicles decreasing by $0.5 billion. Exports of services increased $1.0 billion to $84.5 billion, driven by travel (up $0.8 billion) and financial services (up $ 0.2 billion).