International Trade Balance Widened in September

The U.S. international trade deficit widened in September, growing 1.7% to $43.5 billion, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Imports increased 1.2%, while exports grew 1.4%. September’s report followed a shrinking trade balance in the previous month. August’s trade deficit was upwardly revised slightly from $42.4 billion to $42.8 billion.

The goods deficit increased 0.9% to $65.4 billion, while the services surplus fell 0.7% to $21.9 billion.

Exports of goods increased just over 1.4% to $130.6 billion in September. Exports of services grew 0.4% to $66.2 billion.

Imports of goods increased 1.2% to $196.0 billion, rebounding after five consecutive monthly decreases. Imports of services grew 1.0% to $44.3 billion in September.

Read the Census/BEA release.

About Stephen Newton

Stephen Newton is an economic research associate at ABA.
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