by Calculated Risk on 11/02/2018 11:51:00 AM
Friday, November 02, 2018
Trade Deficit increased to $54.0 Billion in September
Earlier from the Department of Commerce reported:
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $54.0 billion in September, up $0.7 billion from $53.3 billion in August, revised.
September exports were $212.6 billion, $3.1 billion more than August exports. September imports were $266.6 billion, $3.8 billion more than August imports.
Exports and imports increased in September.
Exports are 29% above the pre-recession peak and up 7% compared to September 2017; imports are 15% above the pre-recession peak, and up 10% compared to September 2017.
In general, trade has been picking up.
The second graph shows the U.S. trade deficit, with and without petroleum.
Oil imports averaged $61.35 in September, down from $62.63 in August, and up from $45.13 in September 2017.
The trade deficit with China increased to $40.2 billion in September, from $34.50 billion in September 2017.