September 2015 Trade Gap is $40.8 Billion

The U.S. monthly international trade deficit decreased in September 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $48.0 billion in August (revised) to $40.8 billion in September, as exports increased and imports decreased. The previously published August deficit was $48.3 billion. The goods deficit decreased $7.3 billion from August to $60.3 billion in September. The services surplus decreased $0.1 billion from August to $19.5 billion in September.

balance on goods and service 1104Exports
Exports of goods and services increased $3.0 billion, or 1.6 percent, in September to $187.9 billion. Exports of goods increased $2.9 billion and exports of services increased $0.1 billion.

  • The increase in exports of goods mainly reflected increases in consumer goods ($1.3 billion) and in capital goods ($0.9 billion).
  • The increase in exports of services mainly reflected increases in travel (for all purposes including education) ($0.1 billion) and in other business services ($0.1 billion), which includes research and development services; professional and management services; and technical, trade-related, and other services.

Imports
Imports of goods and services decreased $4.2 billion, or 1.8 percent, in September to $228.7 billion. Imports of goods decreased $4.4 billion and imports of services increased $0.1 billion.

  • The decrease in imports of goods mainly reflected decreases in industrial supplies and materials ($1.6 billion), in capital goods ($1.0 billion), and in automotive vehicles, parts, and engines ($0.8 billion).
  • The increase in imports of services mainly reflected an increase in travel (for all purposes including education) ($0.1 billion).

Goods by geographic area (seasonally adjusted, Census basis)

  • The deficit with China decreased from $32.9 billion in August to $30.7 billion in September. Exports increased $0.4 billion to $10.2 billion and imports decreased $1.8 billion to $41.0 billion.
  • The deficit with Germany decreased from $6.8 billion in August to $5.7 billion in September. Exports increased $0.3 billion to $4.2 billion imports decreased $0.8 billion to $9.9 billion.
  • The deficit with the United Kingdom increased from $0.3 billion in August to $1.2 billion in September. Exports increased $0.2 billion to $4.8 billion and imports increased $1.0 billion to $5.9 billion.

For more information, read the full report.


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