News Release

EMBARGOED UNTIL RELEASE AT 8:30 a.m. EST, Wednesday, November 4, 2026
BEA 26—47
CB 26—178

U.S. International Trade in Goods and Services, September 2026

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $105.0 billion in September, down $0.7 billion from $105.7 billion in August, revised.

U.S. International Trade in Goods and Services Deficit
Deficit:$105.0 Billion-0.7%°
Exports:$321.5 Billion+1.9%°
Imports:$426.6 Billion+1.2%°

Next release: Tuesday, December 8, 2026

(°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes

Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, November 4, 2026

Goods and Services Trade Deficit: Seasonally adjusted

Exports, Imports, and Balance (exhibit 1)

September exports were $321.5 billion, $5.8 billion more than August exports. September imports were $426.6 billion, $5.2 billion more than August imports.

The September decrease in the goods and services deficit reflected a decrease in the goods deficit of $0.7 billion to $135.9 billion and a decrease in the services surplus of less than $0.1 billion to $30.9 billion.

Year-to-date, the goods and services deficit decreased $92.4 billion, or 12.2 percent, from the same period in 2025. Exports increased $297.3 billion or 11.6 percent. Imports increased $204.9 billion or 6.2 percent.

Three-Month Moving Averages (exhibit 2)

The average goods and services deficit increased $11.3 billion to $101.2 billion for the three months ending in September.

  • Average exports increased $1.4 billion to $316.0 billion in September.
  • Average imports increased $12.7 billion to $417.2 billion in September.

Year-over-year, the average goods and services deficit increased $36.5 billion from the three months ending in September 2025.

  • Average exports increased $28.9 billion from September 2025.
  • Average imports increased $65.4 billion from September 2025.

Exports (exhibits 3, 6, and 7)

Exports of goods increased $5.1 billion to $211.0 billion in September.

  Exports of goods on a Census basis increased $5.0 billion.

  • Capital goods increased $3.8 billion.
    • Computers increased $1.3 billion.
    • Computer accessories increased $0.8 billion.
    • Civilian aircraft increased $0.7 billion.
  • Foods, feeds, and beverages increased $1.9 billion.
    • Soybeans increased $1.3 billion.
  • Consumer goods increased $0.8 billion.
    • Pharmaceutical preparations increased $0.7 billion.
  • Industrial supplies and materials decreased $1.0 billion.
    • Nonmonetary gold decreased $3.4 billion.
    • Crude oil increased $1.2 billion.

  Net balance of payments adjustments increased $0.1 billion.

Treatment of Gold in BEA’s International and National Economic Accounts

When incorporating the statistics in this release into BEA’s National Economic Accounts, including Gross Domestic Product, or GDP, BEA replaces exports and imports of nonmonetary gold with an adjustment calculated as the difference between domestic production and industrial use of gold. For additional information, see “How are exports and imports of gold recorded in BEA’s International Economic Accounts?” and “How are exports and imports of nonmonetary gold treated in BEA’s National Economic Accounts?”.

Exports of services increased $0.7 billion to $110.5 billion in September.

  • Travel increased $0.3 billion.
  • Charges for the use of intellectual property increased $0.1 billion.

Imports (exhibits 4, 6, and 8)

Imports of goods increased $4.4 billion to $346.9 billion in September.

  Imports of goods on a Census basis increased $8.0 billion.

  • Capital goods increased $11.6 billion.
    • Computers increased $7.6 billion.
    • Computer accessories increased $5.7 billion.
    • Semiconductors decreased $1.2 billion.
  • Consumer goods increased $2.4 billion.
    • Pharmaceutical preparations increased $2.9 billion.
  • Industrial supplies and materials decreased $3.7 billion.
    • Nonmonetary gold decreased $2.7 billion.
    • Crude oil decreased $1.3 billion.

  Net balance of payments adjustments decreased $3.6 billion.

Imports of services increased $0.8 billion to $79.7 billion in September.

  • Travel increased $0.5 billion.
  • Transport increased $0.2 billion.

Real Goods in 2017 Dollars – Census Basis (exhibit 11)

The real goods deficit increased $3.5 billion, or 3.0 percent, to $119.5 billion in September, compared to a 2.2 percent increase in the nominal deficit. (The reason why the Census Basis nominal goods deficit increased, while the BOP nominal goods deficit decreased in September is attributable to a BOP adjustment for nonmonetary gold imports. See “How are exports and imports of gold recorded in BEA’s International Economic Accounts?”.)

  • Real exports of goods increased $0.2 billion, or 0.1 percent, to $152.2 billion, compared to a 2.5 percent increase in nominal exports.
  • Real imports of goods increased $3.6 billion, or 1.4 percent, to $271.6 billion, compared to a 2.4 percent increase in nominal imports.

Revisions

Revisions to August exports

  • Exports of goods were revised up $0.2 billion.
  • Exports of services were revised up $0.3 billion.

Revisions to August imports

  • Imports of goods were revised up $0.2 billion.
  • Imports of services were revised up $0.4 billion.

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

The September figures show surpluses, in billions of dollars, with Netherlands ($7.7), South and Central America ($6.2), United Kingdom ($3.0), Hong Kong ($2.5), Australia ($2.1), Brazil ($1.1), Singapore ($0.7), Saudi Arabia ($0.5), and Belgium ($0.2). Deficits were recorded, in billions of dollars, with Mexico ($28.7), Vietnam ($25.3), Taiwan ($21.9), China ($17.9), European Union ($14.2), South Korea ($12.2), Germany ($7.9), Italy ($6.3), Malaysia ($5.3), Japan ($4.8), India ($4.5), Canada ($4.4), Ireland ($3.0), Switzerland ($1.3), France ($1.3), and Israel ($0.7).

  • The deficit with Taiwan increased $3.6 billion to $21.9 billion in September. Exports increased $0.6 billion to $5.3 billion and imports increased $4.2 billion to $27.3 billion.
  • The deficit with the European Union increased $3.2 billion to $14.2 billion in September. Exports decreased $0.6 billion to $39.0 billion and imports increased $2.6 billion to $53.2 billion.
  • The deficit with Canada decreased $2.7 billion to $4.4 billion in September. Exports decreased $0.3 billion to $29.7 billion and imports decreased $3.0 billion to $34.1 billion.

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, and revision procedures, see the explanatory notes in this release. The full release can be found at www.census.gov/foreign-trade/Press-Release/current_press_release/index.html or www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services. The full schedule is available in the Census Bureau’s Economic Briefing Room at www.census.gov/economic-indicators/ or on BEA’s website at www.bea.gov/news/schedule.

Next release: December 8, 2026
U.S. International Trade in Goods and Services, October 2026