The US Census Bureau and the US Bureau of Economic Analysis announced today that the goods and services deficit was $61.5 billion in September, up $2.9 billion from $58.7 billion in August, revised.
September exports were $261.1 billion, $5.7 billion more than August exports. September imports were $322.7 billion, $8.6 billion more than August imports. The September increase in the goods and services deficit reflected an increase in the goods deficit of $1.7 billion to $86.3 billion and a decrease in the services surplus of $1.2 billion to $24.8 billion.
Year-to-date, the goods and services deficit decreased $147.4 billion, or 20.0 percent, from the same period in 2022. Exports increased $22.7 billion or 1.0 percent. Imports decreased $124.8 billion or 4.2 percent.
The September figures show surpluses, in billions of dollars, with South and Central America ($4.8), Netherlands ($3.2), Hong Kong ($2.7), Australia ($1.6), Belgium ($1.2), Singapore ($0.7), United Kingdom ($0.5), and Saudi Arabia ($0.2).
Deficits were recorded, in billions of dollars, with China ($24.1), European Union ($16.8), Mexico ($12.2), Vietnam ($9.4), Japan ($6.9), Germany ($6.3), Ireland ($6.2), Canada ($5.9), Taiwan ($5.0), South Korea ($4.5), India ($3.9), Italy ($2.9), Switzerland ($2.1), Malaysia ($1.9), France ($0.9), Israel ($0.6), and Brazil ($0.3).