The U.S. monthly international trade deficit increased in September 2022 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $65.7 billion in August (revised) to $73.3 billion in September, as imports increased and exports decreased. The goods deficit increased $6.6 billion in September to $92.7 billion. The services surplus decreased $1.0 billion in September to $19.5 billion.
Exports of goods and services decreased $2.8 billion, or 1.1 percent, in September to $258.0 billion. Exports of goods decreased $3.7 billion and exports of services increased $0.9 billion.
- The decrease in exports of goods reflected decreases in industrial supplies and materials ($2.3 billion) and in foods, feeds, and beverages ($2.1 billion). An increase in capital goods ($1.2 billion) partly offset the decreases.
- The increase in exports of services reflected increases in travel ($0.6 billion), in transport ($0.1 billion), and in financial services ($0.1 billion).
Imports of goods and services increased $4.8 billion, or 1.5 percent, in September to $331.3 billion. Imports of goods increased $2.9 billion and imports of services increased $1.9 billion.
- The increase in imports of goods reflected increases in capital goods ($3.3 billion) and in consumer goods ($1.1 billion). A decrease in industrial supplies and materials ($2.0 billion) partly offset the increases.
- The increase in imports of services reflected increases in travel ($1.6 billion) and in transport ($0.3 billion).
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