Statement from Acting U.S. Commerce Secretary Rebecca Blank on International Trade in Goods and Services in September 2012
The U.S. Commerce Department’s Census Bureau and Bureau of Economic Analysis today released the balance of foreign trade for September 2012. The trade deficit narrowed 5.1 percent from August to September, to $41.5 billion–significantly better than market expectations that the monthly deficit would grow. Exports rose 3.1 percent, to $187.0 billion, and imports increased 1.5 percent, to $228.5 billion. Goods exports increased by $5.4 billion to a record high $134.0 billion. Services exports rose by $0.3 billion to $53.0 billion, also a record high.
