The goods and services deficit rose 11.2% to $80.9 billion in September, up $8.1 billion from a revised $72.8 billion in August, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.
September exports dropped 3% to $207.6 billion. The month’s imports rose 0.6% to $288.5 billion.
The September increase in the goods and services deficit reflected an increase in the goods deficit of $8.9 billion to $98.2 billion and an increase in the services surplus of $0.8 billion to $17.2 billion.
Year-to-date, the goods and services deficit increased $158.7 billion, or 33.1 percent, from the same period in 2020. Exports increased $274.1 billion or 17.4 percent. Imports increased $432.8 billion or 21.1 percent.