EconoIndicators

International Trade At a Glance

• Exports: $140.1 billion
• Monthly Change: Up $1.8 billion
• Imports: $196.6
• Monthly Change: Up $0.7 billion
• Trade Deficit: $56.5 billion
• Monthly Change: Down $0.3 billion

Technorati Tags: trade, deficit, international, foreign, trade

U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
September 2007

Goods and Services

The U.S. Census Bureau and the U.S. Bureau of
Economic Analysis, through the Department of
Commerce, announced today that total September exports
of $140.1 billion and imports of $196.6 billion resulted in
a goods and services deficit of $56.5 billion, compared
with $56.8 billion in August, revised. September exports
were $1.5 billion more than August exports of $138.6
billion. September imports were $1.2 billion more than
August imports of $195.4 billion.

In September, the goods deficit decreased $0.3 billion
from August to $65.7 billion, and the services surplus was
virtually unchanged at $9.3 billion. Exports of goods
increased $1.2 billion to $100.2 billion, and imports of
goods increased $0.9 billion to $166.0 billion. Exports of
services increased $0.3 billion to $39.9 billion, and
imports of services increased $0.2 billion to $30.6 billion.

In September, the goods and services deficit was
down $7.7 billion from September 2006. Exports were up
$16.8 billion, or 13.6 percent, and imports were up $9.1
billion, or 4.9 percent.

Goods

The August to September change in exports of goods
reflected increases in foods, feeds, and beverages ($0.7
billion); industrial supplies and materials ($0.7 billion);
consumer goods ($0.3 billion); and automotive vehicles,
parts, and engines ($0.1 billion). Decreases occurred in
capital goods ($0.4 billion) and other goods ($0.3 billion).

The August to September change in imports of goods
reflected increases in capital goods ($0.8 billion);
automotive vehicles, parts, and engines ($0.3 billion); and
consumer goods ($0.2 billion). A decrease occurred in
industrial supplies and materials ($0.4 billion). Other
goods and foods, feeds, and beverages were virtually
unchanged.

The September 2006 to September 2007 change in
exports of goods reflected increases in industrial supplies
and materials ($3.5 billion); capital goods ($2.7 billion);
food, feeds, and beverages ($2.4 billion); consumer goods
($2.0 billion); and automotive vehicles, parts, and engines
($1.6 billion). A decrease occurred in other goods ($0.3
billion).

The September 2006 to September 2007 change in
imports of goods reflected increases in capital goods ($2.4
billion); consumer goods ($1.5 billion); automotive
vehicles, parts, and engines ($1.2 billion); industrial
supplies and materials ($0.6 billion); food, feeds, and
beverages ($0.6 billion); and other goods ($0.3 billion).

Services

Services exports increased $0.3 billion from August
to September. The increase was more than accounted for
by increases in travel, passenger fares, and transfers
under U.S. military sales contracts. Changes in other
categories of services exports were small.

Services imports increased $0.2 billion from August
to September. The largest increase was in travel.
Changes in other categories of services imports were
small.

From September 2006 to September 2007, services
exports increased $4.4 billion. The largest increases were
in other private services, which includes items such as
business, professional, and technical services, insurance
services, and financial services ($1.8 billion), travel ($1.4
billion), and other transportation, which includes freight
and port services ($0.5 billion).

From September 2006 to September 2007, services
imports increased $1.9 billion. The largest increases were
in other private services ($1.0 billion), travel ($0.3
billion), and royalties and license fees ($0.2 billion).

Goods and Services Moving Average

For the three months ending in September, exports of
goods and services averaged $138.8 billion, while imports
of goods and services averaged $196.3 billion, resulting in
an average trade deficit of $57.4 billion. For the three
months ending in August, the average trade deficit was
$58.4 billion, reflecting average exports of $136.8 billion
and average imports of $195.2 billion.

Selected Not Seasonally Adjusted Goods Details

The September figures showed surpluses, in billions
of dollars, with Hong Kong $1.4 ($1.1 for August),
Australia $1.0 ($0.9), Singapore $0.7 ($0.6), Egypt $0.4
($0.4), and Argentina $0.3 ($0.1). Deficits were recorded,
in billions of dollars, with China $23.8 ($22.5), OPEC
$11.1 ($11.4), Europe $7.3 ($11.1), the European Union
$6.4 ($10.2), Mexico $6.3 ($6.9), Japan $6.2 ($6.7),
Canada $4.9 ($5.0), Taiwan $1.3 ($0.8), Korea $0.9
($0.8), and Brazil $0.1 ($0.2).

Advanced technology products (ATP) exports were
$22.9 billion in September and imports were $28.1 billion,
resulting in a deficit of $5.2 billion. September exports
were $0.3 billion less than the $23.2 billion in August,
while imports were $0.1 billion more than the $27.9
billion in August.

Revisions

Goods carry-over in September was $0.1 billion (0.1
percent) for exports and $0.9 billion (0.6 percent) for
imports. For August, revised export carry-over was $0.1
billion (0.1 percent), revised down from $0.4 billion (0.4
percent). For August, revised import carry-over was $0.3
billion (0.2 percent), revised down from $1.5 billion (0.9
percent).

Services exports for August were revised up $0.3
billion to $39.7 billion. The revision was mostly
accounted for by a upward revision in travel. Services
imports for August were virtually unchanged at $30.4
billion.

International Trade (US) September 2007 [PDF]

Source: Commerce Department, Census Bureau [Popup]