The 2020 Mid-Year Economic Update_long

September U.S. Exports Increase, Imports Decrease

Goods and services deficit up 3.9 percent year-over-year.

September exports were $187.9 billion and imports were $228.7 billion, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce. This resulted in a goods and services deficit of $40.8 billion in September, down $7.2 billion from August. September exports were up $3 billion from August, and September imports were down $4.2 billion.

The September decrease in the goods and services deficit of $7.2 billion reflected a decrease in the goods deficit of $7.3 billion to $60.3 billion and a decrease in the services surplus of $0.1 billion to $19.5 billion.

Year-to-date, the goods and services deficit increased 3.9 percent from the same period in 2014. Exports decreased 3.8 percent and imports decreased 2.4 percent.

Exports of goods increased $2.9 billion to $127.3 billion in September, primarily due to a $1.3 billion increase in consumer goods. Exports of services increased $0.1 billion to $60.6 billion in September.

Imports of goods decreased $4.4 billion to $187.6 billion in September. Imports of services increased $0.1 billion to $41.1 billion in September.

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