Research >> Economics
Goods and Services Deficit Increased in September 2021
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The nation's international trade deficit in goods and services increased to $80.9 billion in September from $72.8 billion in August (revised), as imports increased and exports decreased. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $80.9 billion in September, up $8.1 billion from $72.8 billion in August, revised.
Exports, Imports, and Balance
September exports were $207.6 billion, $6.4 billion less than August exports. September imports were $288.5 billion, $1.7 billion more than August imports. The September increase in the goods and services deficit reflected an increase in the goods deficit of $8.9 billion to $98.2 billion and an increase in the services surplus of $0.8 billion to $17.2 billion. Year-to-date, the goods and services deficit increased $158.7 billion, or 33.1 percent, from the same period in 2020. Exports increased $274.1 billion or 17.4 percent. Imports increased $432.8 billion or 21.1 percent.
Three-Month Moving Averages
The average goods and services deficit increased $2.6 billion to $74.7 billion for the three months ending in September.
• Average exports decreased $0.8 billion to $211.4 billion in September.
• Average imports increased $1.7 billion to $286.1 billion in September.
Year-over-year, the average goods and services deficit increased $12.3 billion from the three months ending in September 2020.
• Average exports increased $37.0 billion from September 2020.
• Average imports increased $49.3 billion from September 2020.
Posted: November 4, 2021 Thursday 08:30 AM