U.S. Trade Deficit Climbs To $36.5 Billion in September
November 16, 2009On November 13, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis released a report (PDF) detailing the September 2009 U.S. international trade in goods and services. Though the deficit had fallen to $30.8 billon in August, it rose in September to $36.5 billion.
Total September 2009 exports of $132.0 billion and imports of $168.4 billion resulted in the goods and services deficit of $36.5 billion. September exports were $3.7 billion more than August exports of $128.3 billion, and September imports were $9.3 billion more than August imports of $159.1 billion.
In September, the goods deficit increased $5.6 billion from August to $47.6 billion, and the services surplus was virtually unchanged at $11.1 billion. Exports of goods increased $3.5 billion to $90.3 billion, and imports of goods increased $9.1 billion to $138.0 billion.
The goods and services deficit decreased $23.7 billion from September 2008. Exports were down $20.0 billion, or 13.2%, and imports were down $43.7 billion, or 20.6%.
The August to September increase in exports of goods reflected increases in capital goods ($1.7 billion); industrial supplies and materials ($1.4 billion); consumer goods ($0.5 billion); automotive vehicles, parts, and engines ($0.2 billion); and other goods ($0.2 billion). A decrease occurred in foods, feeds, and beverages ($0.4 billion).
The August to September increase in imports of goods reflected increases in industrial supplies and materials ($5.5 billion); automotive vehicles, parts, and engines ($1.7 billion); capital goods ($0.8 billion); consumer goods ($0.7 billion); and other goods ($0.5 billion). Foods, feeds, and beverages were virtually unchanged.
The September 2008 to September 2009 decrease in exports of goods reflected decreases in industrial supplies and materials ($5.2 billion); capital goods ($5.1 billion); automotive vehicles, parts, and engines ($2.6 billion); foods, feeds, and beverages ($1.5 billion); consumer goods ($0.7billion); and other goods ($0.3 billion).
The September 2008 to September 2009 change in imports of goods reflected decreases in industrial supplies and materials ($22.9 billion); capital goods ($7.6 billion); consumer goods ($4.6 billion); automotive vehicles, parts, and engines ($2.2 billion); foods, feeds, and beverages ($0.8 billion); and other goods ($0.5 billion).
For the 3 months ending in September, exports of goods and services averaged $129.4 billion, while imports of goods and services averaged $162.5 billion, resulting in an average trade deficit of $33.1 billion. For the 3 months ending in August, the average trade deficit was $30.1 billion, reflecting average exports of $127.1 billion and average imports of $157.1 billion.
