FOR IMMEDIATE RELEASE AT 8:30 A.M. EDT, Friday, November 4, 2016
CB 16-182
BEA 16—60
FT-900 (16-09)



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				     U.S. Census Bureau
			      U.S. Bureau of Economic Analysis
					    NEWS
		     U.S. Department of Commerce * Washington, DC 20230
		       U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES

				       
				       September 2016

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of
Commerce, announced today that the goods and services deficit was $36.4 billion in September,
down $4.0 billion from $40.5 billion in August, revised. September exports were $189.2 billion,
$1.0 billion more than August exports. September imports were $225.6 billion, $3.0 billion less
than August imports.

The September decrease in the goods and services deficit reflected a decrease in the goods deficit
of $2.6 billion to $57.5 billion and an increase in the services surplus of $1.4 billion to $21.1
billion.

Year-to-date, the goods and services deficit decreased $9.2 billion, or 2.5 percent, from the
same period in 2015. Exports decreased $60.5 billion or 3.5 percent. Imports decreased $69.7
billion or 3.3 percent.

Goods and Services Three-Month Moving Averages (Exhibit 2)

The average goods and services deficit decreased $2.7 billion to $38.8 billion for the three
months ending in September.
   * Average exports of goods and services increased $2.1 billion to $187.9 billion in September.
   * Average imports of goods and services decreased $0.6 billion to $226.7 billion in September.

Year-over-year, the average goods and services deficit decreased $3.1 billion from the three
months ending in September 2015.
   * Average exports of goods and services decreased $0.2 billion from September 2015.
   * Average imports of goods and services decreased $3.2 billion from September 2015.

Exports (Exhibits 3, 6, and 7)

Exports of goods increased $0.6 billion to $126.1 billion in September.
   Exports of goods on a Census basis increased $0.7 billion.
      * Capital goods increased $1.6 billion.
         o Civilian aircraft increased $1.4 billion.
      * Consumer goods increased $0.7 billion.
         o Artwork, antiques, stamps, and other collectibles increased $1.0 billion.
      * Food, feeds, and beverages decreased $1.7 billion.
         o Soybeans decreased $2.0 billion.
   Net balance of payments adjustments decreased $0.1 billion.

Exports of services increased $0.4 billion to $63.1 billion in September.
      * Travel (for all purposes including education) increased $0.4 billion.

Imports (Exhibits 4, 6, and 8)

Imports of goods decreased $2.0 billion to $183.7 billion in September.
   Imports of goods on a Census basis decreased $1.8 billion.
      * Capital goods decreased $1.7 billion.
         o Civilian aircraft decreased $0.5 billion.
      * Consumer goods decreased $0.8 billion.
         o Pharmaceutical preparations decreased $0.7 billion.
      * Automotive vehicles, parts, and engines increased $1.2 billion.
         o Passenger cars increased $1.1 billion.
   Net balance of payments adjustments decreased $0.2 billion.

Imports of services decreased $1.0 billion to $42.0 billion in September.
      * Charges for the use of intellectual property decreased $1.2 billion. Charges for August
        included payments for the rights to broadcast the 2016 Summer Olympic Games.

Real Goods in 2009 Dollars  Census Basis (Exhibit 11)

The real goods deficit decreased $2.4 billion to $55.0 billion in September.
   * Real exports of goods increased $0.4 billion to $123.6 billion.
   * Real imports of goods decreased $2.0 billion to $178.6 billion.

Revisions

Revisions to August exports
   * Exports of goods were revised upward $0.2 billion.
   * Exports of services were revised upward $0.1 billion.

Revisions to August imports
   * Imports of goods were revised upward less than $0.1 billion.
   * Imports of services were revised upward less than $0.1 billion.

Goods by Selected Countries and Areas: Monthly   Census Basis (Exhibit 19)

The September figures show surpluses, in billions of dollars, with Hong Kong ($2.5), South and
Central America ($1.8), United Kingdom ($0.9), Singapore ($0.7), and Brazil ($0.3). Deficits were
recorded, in billions of dollars, with China ($26.9), European Union ($11.7), Japan ($5.4),
Germany ($5.3), Mexico ($4.8), Italy ($2.8), India ($2.2), South Korea ($1.4), OPEC ($1.2), France
($0.8), Taiwan ($0.5), Canada ($0.4), and Saudi Arabia ($0.1).

   * The deficit with China decreased $2.2 billion to $26.9 billion in September. Exports
     increased $0.2 billion to $10.2 billion and imports decreased $2.1 billion to $37.1 billion.
   * The deficit with France decreased $1.2 billion to $0.8 billion in September. Exports
     increased $0.6 billion to $2.9 billion and imports decreased $0.6 billion to $3.7 billion.
   * The balance with Saudi Arabia shifted from a surplus of $0.8 billion in August to a deficit
     of $0.1 billion in September. Exports decreased $1.0 billion to $1.5 billion and imports
     decreased $0.1 billion to $1.6 billion.

  NOTES:
    * All statistics referenced are seasonally adjusted; statistics are on a balance of
      payments basis unless otherwise specified. Additional statistics, including not seasonally
      adjusted statistics and details for goods on a Census basis, are available in Exhibits 1-20b
      of this release. For information on data sources, definitions, revision procedures, and
      scheduled release dates through December 2017, see the information section on page A-1 of
      this release. The next release is December 6, 2016.

    * For definitions of goods on a balance of payments basis, goods on a Census basis, and net
      balance of payments adjustments, see the information section on page A-1 of this release.

NOTICE

Updated Statistics on U.S. International Services and New Geographic Detail

On October 24, 2016, the U.S. Bureau of Economic Analysis (BEA) released its most detailed annual
statistics on trade in services. This release includes expanded geographic detail and statistics
on digitally enabled services. For more information, see Updated Statistics on U.S. International
Services and New Geographic Detail.

If you have questions, please contact BEAs Balance of Payments Division at
InternationalAccounts@bea.gov.