Ministry of Commerce Data released on the 4th showed that the US trade deficit in goods and services in September was US$105 billion, down US$690 million from the previous month, and remained at a relatively high level since March last year.
The data showed that the export value of goods and services in September was US$321.5 billion, an increase of 1.9% from the previous month, while the import value of goods and services was US$426.6 billion, an increase of 1.2% from the previous month. That month, the goods trade deficit decreased by US$700 million to US$135.9 billion, while the services trade surplus was US$30.9 billion, a slight decrease from the previous month.
The data also showed that merchandise exports increased by US$5.1 billion in September due to an increase in exports of capital goods and food, feed and beverages. During the same period, imports of capital goods and consumer goods increased by US$11.6 billion and US$2.4 billion, respectively, while imports of industrial supplies and materials declined by US$3.7 billion, leading to an increase of US$4.4 billion in merchandise imports.
The value of exports of services and imports of goods and services hit record highs in September, the Commerce Ministry said.
