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Home Economy

International trade deficit increases in September

November 5, 2024
Reading Time: 1 min read
U.S. international trade deficit decreased in March

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $84.4 billion in September, up $13.6 billion from $70.8 billion in August, revised.

The September increase in the goods and services deficit reflected an increase in the goods deficit of $14.2 billion to $109.0 billion and an increase in the services surplus of $0.6 billion to $24.6 billion.

September exports were $267.9 billion, $3.2 billion less than August exports. September imports were $352.3 billion, $10.3 billion more than August imports.

The average goods and services deficit increased $3.8 billion to $78.0 billion for the three months ending in September. Year-over-year, the average goods and services deficit increased $15.9 billion from the three months ending in September 2023.

Read the Census release.

Tags: International trade
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