US exports up 3.7% YoY, imports up 5.3% YoY in 1st 3 quarters of 2024

The US international trade deficit in goods and services increased to $84.4 billion in September this year from $70.8 billion in August as exports decreased and imports increased, according to the Census Bureau.

September exports were worth $267.9 billion, $3.2 billion less than the August figure. Imports in the month were worth $352.3 billion, $10.3 billion more than the figure in the preceding month.

The September increase in the goods and services deficit reflected an increase in the goods deficit of $14.2 billion to $109.0 billion and an increase in the services surplus of $0.6 billion to $24.6 billion.

The US international trade deficit in goods and services rose to $84.4 billion in September from $70.8 billion in August.
September exports were worth $267.9 billion, $3.2 billion less than the August figure; imports were worth $352.3 billion, $10.3 billion more than in August.
In the first three quarters this year, US exports rose by 3.7 per cent YoY, while imports rose by 5.3 per cent YoY.

In the first three quarters this year, the goods and services deficit increased by $69.6 billion, or 11.8 per cent year on year (YoY). Exports increased by $84.7 billion, or 3.7 per cent YoY, while imports increased by $154.4 billion, or 5.3 per cent YoY during the period.

The September figures show surpluses with South and Central America ($3.5 billion), the Netherlands ($3.2 billion), Hong Kong ($2.2 billion), the United Kingdom ($1.4 billion), Australia ($1.4 billion), Singapore ($1.3 billion), Brazil ($1.1 billion) and Belgium ($0.3 billion).  

Deficits were recorded with China ($26.9 billion), the European Union ($23.8 billion), Mexico ($16 billion), Vietnam ($12.2 billion), Ireland ($9.3 billion), Taiwan ($7 billion), Germany ($7 billion), Canada ($5.7 billion), South Korea ($5.7 billion), Japan ($5.3 billion), India ($3.4 billion), Italy ($3.4 billion), Switzerland ($2.3 billion), Malaysia ($2.1 billion), France ($1.1 billion), Israel ($0.8 billion) and Saudi Arabia ($0.2 billion).

Fibre2Fashion News Desk (DS)

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