International Trade Gap Widened 1.3 percent in September

The U.S. international trade deficit widened in September, rising 1.3 percent to $54.0 billion, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Both imports and exports rose by 1.5 percent. August’s trade deficit was downwardly revised from $53.2 billion to $53.3 billion.

The goods deficit increased 0.8 percent to $77.2 billion, while the services surplus decreased 0.5 percent to $23.2 billion.

Exports of goods increased 2.1 percent to $141.9 billion in September. Exports of services increased 0.4 percent to $70.7 billion.

Imports of goods increased 1.6 percent to $219.1 billion. Imports of services rose 0.8 percent to $47.5 billion.

Read the Census/BEA release.

About Jack McCabe

Jack McCabe is a research associate in the Economic Policy and Research group at the ABA.
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