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

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.

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)