Skip Header

We are hiring thousands of people for the 2020 Census. Click to learn more and apply.

The Goods and Services Deficit Decreased to $40.8 billion in September 2015

Wed Nov 04 2015
Component ID: #ti283513778

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 $40.8 billion in September, down $7.2 billion from $48.0 billion in August, revised. September exports were $187.9 billion, $3.0 billion more than August exports. September imports were $228.7 billion, $4.2 billion less than August imports.

Component ID: #ti1981261986

The September decrease in the goods and services deficit reflected a decrease in the goods deficit of $7.3 billion to $60.3 billion and a decrease in the services surplus of $0.1 billion to $19.5 billion.

Component ID: #ti1678037462

Year-to-date, the goods and services deficit increased $14.9 billion, or 3.9 percent, from the same period in 2014. Exports decreased $66.3 billion or 3.8 percent. Imports decreased $51.3 billion or 2.4 percent.

Exports

Component ID: #ti1981261989

Exports of goods increased $2.9 billion to $127.3 billion in September.

Exports of goods on a Census basis increased $2.8 billion.

  • Consumer goods increased $1.3 billion.
    • Artwork, antiques, and stamps increased $0.5 billion.
    • Jewelry increased $0.3 billion.
  • Capital goods increased $0.9 billion.

Net balance of payments adjustments increased $0.1 billion.

Exports of services increased $0.1 billion to $60.6 billion in September.

  • Travel (for all purposes including education) increased $0.1 billion.
  • Other business services, which includes research and development services; professional and management services; and technical, trade-related, and other services, increased $0.1 billion.

Imports

Component ID: #ti1981261988

Imports of goods decreased $4.4 billion to $187.6 billion in September.

Imports of goods on a Census basis decreased $4.3 billion.

  • Industrial supplies and materials decreased $1.6 billion.
    • Crude oil decreased $1.3 billion.
  • Capital goods decreased $1.0 billion.
    • Civilian aircraft decreased $0.6 billion.

Net balance of payments adjustments decreased less than $0.1 billion.

Imports of services increased $0.1 billion to $41.1 billion in September.

  • Travel (for all purposes including education) increased $0.1 billion.

Goods by Selected Countries and Areas

Component ID: #ti1981261987

The September figures show surpluses, in billions of dollars, with South and Central America ($3.6), OPEC ($1.7), Brazil ($0.2), and Saudi Arabia ($0.2). Deficits were recorded, in billions of dollars, with China ($30.7), European Union ($13.1), Germany ($5.7), Japan ($5.5), Mexico ($5.4), Italy ($2.3), India ($2.0), South Korea ($1.8), Canada ($1.7), France ($1.3), and United Kingdom ($1.2).

  • The deficit with China decreased $2.2 billion to $30.7 billion in September. Exports increased $0.4 billion to $10.2 billion and imports decreased $1.8 billion to $41.0 billion.
  • The deficit with the European Union decreased $1.4 billion to $13.1 billion in September. Exports increased $1.1 billion to $22.7 billion and imports decreased $0.3 billion to $35.9 billion.

Component ID: #ti1981261985

NOTE: All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified.

X
  Is this page helpful?
Thumbs Up Image Yes    Thumbs Down Image No
X
Comments or suggestions?
No, thanks
255 characters remaining
X
Thank you for your feedback.
Comments or suggestions?
Back to Header