Census Reports Rise in Exports & Imports in September, Fall in Deficit
Imports were up, but exports increased even more in September, leading to a $2.3 billion reduction in the U.S. goods and services deficit to $41.5 billion, said the Census Bureau and Bureau of Economic Analysis in their U.S. International Trade…
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in Goods and Services Report for September 2012. The report showed that, as compared to revised August 2012 levels, exports were up $5.6 billion to $187 billion, and imports were up $3.4 billion to $228.5 billion. As compared to September 2011 totals, exports increased by 3.5 percent and imports by 1.5 percent. The U.S. trade deficit with China widened to $29.1 billion in September, from a revised $28.7 billion in August.