Research >> Economics
Goods and Services Deficit Decreased in September 2020
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The nation's international trade deficit in goods and services decreased to $63.9 billion in September from $67.0 billion in August (revised), as exports increased more than imports. September exports were $176.4 billion, $4.4 billion more than August exports. September imports were $240.2 billion, $1.2 billion more than August imports.
The September decrease in the goods and services deficit reflected a decrease in the goods deficit of $3.1 billion to $80.7 billion and an increase in the services surplus of less than $0.1 billion to $16.8 billion.
Year-to-date, the goods and services deficit increased $38.5 billion, or 8.6 percent, from the same period in 2019. Exports decreased $329.0 billion or 17.4 percent. Imports decreased $290.4 billion or 12.4 percent.
Three-Month Moving Averages
The average goods and services deficit increased $3.5 billion to $64.8 billion for the three months ending in September.
• Average exports increased $7.0 billion to $172.2 billion in September.
• Average imports increased $10.4 billion to $237.0 billion in September.
Year-over-year, the average goods and services deficit increased $14.9 billion from the three months ending in September 2019.
• Average exports decreased $37.9 billion from September 2019.
• Average imports decreased $23.0 billion from September 2019.
Posted: November 4, 2020 Wednesday 08:30 AM