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November 07, 2023US TRADE BALANCE, SEPTEMBER 2023 Month over month (September 2023 vs August 2023)
The United States balance of trade deficit widened by $2.9 billion to $61.5 billion. The goods deficit widened by $1.7 billion to $86.3 billion and, the services surplus narrowed by $1.2 billion to $24.8 billion.
Total exports increased $5.7 billion to $261.1 billion. Goods exports increased $5.3 billion to $176.7 billion and services exports increased $0.34 billion to $84.4 billion.
Total imports increased $8.6 billion to $322.7 billion. Goods imports increased $7.0 billion to $263.0 billion and services imports increased $1.5 billion to $59.6 billion.
Year over year (September 2023 vs September 2022)
The US trade deficit narrowed by $10.2 billion. The goods deficit narrowed by $4.2 billion and, the services surplus widened by $6.0 billion.
Total exports increased by $1.3 billion (+0.5%). Goods exports decreased $4.0 billion (-2.2%) and services exports increased $5.3 billion (+6.7%).
Total imports decreased $8.9 billion (-2.7%). Goods imports decreased $8.2 billion (-3.0%) and services imports decreased $0.7 billion (-1.1%).
Year-to-date (January-September 2023 vs January-September 2022)
The US trade deficit narrowed by $147.4 billion. The goods deficit narrowed by $109.6 billion and, the services surplus widened by $37.8 billion.
Total exports increased by $22.7 billion (+1.0%). Goods exports decreased $31.5 billion (-2.0%) and services exports increased $54.2 billion (+7.9%).
Total imports decreased $124.8 billion (-4.2%). Goods imports decreased $141.1 billion (-5.7%) and services imports increased $16.3 billion (+3.2%).
REFERENCES
U.S. Census Bureau and U.S. Bureau of Economic Analysis, retrieved Federal Reserve Bank of St. Louis using a FRED API.
Press release Data
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