September U.S. Exports and Imports Increase

Goods and services deficit up 9.3 percent year over year.

The U.S. goods and services deficit was $43.5 billion in September, up $0.7 billion from the revised August total of $42.8 billion, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce. September exports were $196.8 billion, $2.1 billion more than August exports. September imports were $240.3 billion, $2.8 billion more than August imports.

The September increase in the goods and services deficit reflected an increase in the goods deficit of $0.6 billion to $65.4 billion and a decrease in the services surplus of $0.2 billion to $21.9 billion.

Year-to-date, the goods and services deficit increased $34.5 billion, or 9.3 percent, from the same period in 2016. Exports increased $93.0 billion or 5.6 percent. Imports increased $127.5 billion or 6.3 percent.

Exports of goods increased $1.8 billion and exports of services increased $0.3 billion. The increase in exports of goods mostly reflected an increase in industrial supplies and materials ($1.9 billion). The increase in exports of services mainly reflected increases in transport ($0.3 billion).

Imports of goods increased $2.4 billion and imports of services increased $0.4 billion. The increase in imports of goods mostly reflected an increase in capital goods ($1.5 billion). The increase in imports of services mostly reflected an increase in transport ($0.3 billion).

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