September 2017 Trade Gap is $43.5 Billion

The U.S. monthly international trade deficit increased in September 2017 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $42.8 billion in August (revised) to $43.5 billion in September, as imports increased more than exports. The previously published August deficit was $42.4 billion. The goods deficit increased $0.6 billion in September to $65.4 billion. The services surplus decreased $0.2 billion in September to $21.9 billion.

trade-sept-2017

Exports
Exports of goods and services increased $2.1 billion, or 1.1 percent, in September to $196.8 billion. Exports of goods increased $1.8 billion and exports of services increased $0.3 billion.

  • The increase in exports of goods mostly reflected increases in industrial supplies and materials ($1.9 billion) and in other goods ($0.8 billion). A decrease in consumer goods ($0.2 billion) partly offset the increases.
  • The increase in exports of services mostly reflected an increase in transport ($0.3 billion)

Imports
Imports of goods and services increased $2.8 billion, or 1.2 percent, in September to $240.3 billion. Imports of goods increased $2.4 billion and imports of services increased $0.4 billion.

  • The increase in imports of goods mostly reflected increases in capital goods ($1.5 billion), in industrial supplies and materials ($1.1 billion), and in consumer goods ($0.4 billion). A decrease in automotive vehicles, parts, and engines ($0.6 billion) partly offset the increases.
  • The increase in imports of services mostly reflected an increase in transport ($0.3 billion).

For more information, read the full report.


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