September 2013 Trade Gap is $41.8 Billion

The U.S. monthly international trade deficit increased in September 2013 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $38.7 billion in August (revised) to $41.8 billion in September as exports decreased and imports increased. The previously published August deficit was $38.8 billion. The goods deficit increased $3.0 billion from August to $61.3 billion in September; the services surplus decreased $0.1 from August to $19.5 billion in September.11_14_trade

Exports
Exports of goods and services decreased $0.4 billion in September to $188.9 billion, reflecting decreases in exports of goods and exports of services.
• The decrease in exports of goods reflected decreases in industrial supplies and materials, in other goods, and in consumer goods that were mostly offset by an increase in foods, feeds, and beverages.
• The decrease in exports of services reflected a decrease in travel. An increase in other transportation, which includes freight and port services, was partly offsetting.

Imports
Imports of goods and services increased $2.7 billion in September to $230.7 billion, reflecting an increase in imports of goods. Imports of services decreased.
• The largest increases in imports of goods were in industrial supplies and materials, in automotive vehicles, parts, and engines, and in capital goods.
• The decrease in imports of services reflected a decrease in travel.

Goods by geographic area (not seasonally adjusted)
• The goods deficit with the European Union decreased from $9.8 billion in August to $8.0 billion in September. Exports increased $1.2 billion to $22.8 billion and imports decreased $0.6 billion to $30.8 billion.
• The goods deficit with China increased from $29.9 billion in August to $30.5 billion in September. Exports increased $0.3 billion to $9.6 billion and imports increased $0.9 billion to $40.1 billion.
• The goods deficit with Canada increased from $2.4 billion in August to $3.2 billion in September. Exports decreased $0.5 billion to $24.9 billion and imports increased $0.3 billion to $28.2 billion.

To learn more about U.S. international trade in goods and services, read the full report.



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