The US foreign trade deficit has never been so large

In September, the US foreign trade deficit in goods and services rose by $8.1 billion, or 11.2 percent, to a record $80.9 billion, according to the BEA. from your data.

Within the goods and services trade deficit, the trade deficit increased by $8.9 billion to $98.2 billion, and the services surplus increased by $0.8 billion to $17.2 billion.

Exports fell 3.0 percent in September, an increase of 6.4 billion dollars, to 207.6 billion dollars, the lowest level in five months, and imports rose 0.6 percent, 1.7 billion dollars, to 288.5 billion dollars.

Among exports in September, exports of crude oil, petroleum products, semiconductor circuits, civil aircraft engines and computer components declined. However, exports of pharmaceutical products increased.

Within imports, imports of computers, electrical machinery, industrial raw materials, organic chemicals, mobile phones, and household goods increased the most.

In the January-September period, the US foreign trade deficit in goods and services increased by $158.7 billion, or 33.1 percent, from the previous year. Within that, exports increased by 17.4 percent to $274.1 billion and imports by 21.1 percent to $432.8 billion.

In the three months through September, the average monthly trade deficit was $74.7 billion, an increase of $2.6 billion over the prior month’s three-month moving average. The average monthly deficit for the three months ending in September 2020 was $12.3 billion higher than the moving average for September.

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