Home / Knowledge / News / Imports as well as exports of goods & services fall in Sept
Imports as well as exports of goods & services fall in Sept
14
Nov '08
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total September exports of $155.4 billion and imports of $211.9 billion resulted in a goods and services deficit of $56.5 billion, down from $59.1 billion in August, revised.

September exports were $9.9 billion less than August exports of $165.3 billion. September imports were $12.5 billion less than August imports of $224.4 billion.

In September, the goods deficit decreased $1.5 billion from August to $69.6 billion, and the services surplus increased $1.1 billion to $13.1 billion. Exports of goods decreased $9.8 billion to $108.1 billion, and imports of goods decreased $11.3 billion to $177.7 billion. Exports of services decreased $0.1 billion to $47.3 billion, and imports of services decreased $1.2 billion to $34.2 billion.

In September 2008, the goods and services deficit increased $1.0 billion from September 2007. Exports were up $12.6 billion, or 8.8 percent, and imports were up $13.6 billion,
or 6.9 percent.

Goods:
The August to September change in exports of goods reflected decreases in capital goods ($4.2 billion); industrial supplies and materials ($4.1 billion); foods, feeds, and beverages ($1.1 billion); consumer goods ($0.5 billion); other goods ($0.4 billion); and automotive vehicles, parts, and engines ($0.1 billion).

The August to September change in imports of goods reflected decreases in industrial supplies and materials ($8.1 billion); consumer goods ($3.4 billion); automotive vehicles, parts, and engines ($0.7 billion); foods, feeds, and beverages ($0.2 billion); and other goods ($0.1 billion). An increase occurred in capital goods ($0.5 billion).

The September 2007 to September 2008 change in exports of goods reflected increases in industrial supplies and materials ($5.7 billion); foods, feeds, and beverages ($1.0 billion); consumer goods ($0.9 billion); and other goods ($0.7 billion). A decrease occurred in automotive vehicles, parts, and engines ($0.1 billion). Capital goods were virtually unchanged.

The September 2007 to September 2008 change in imports of goods reflected increases in industrial supplies and materials ($12.2 billion); capital goods ($0.8 billion); consumer goods ($0.8 billion); foods, feeds, and beverages ($0.6 billion); and other goods ($0.2 billion). A decrease occurred in automotive vehicles, parts, and engines ($3.5 billion).

Services:
Services exports decreased $0.1 billion from August to September. The decrease was more than accounted for by decreases in travel, other transportation (which includes freight and port services), and transfers under U.S. military sales contracts. An increase in other private services (which includes items such as business, professional, and technical
services, insurance services, and financial services) was partly offsetting.

Services imports decreased $1.2 billion from August to September. The decrease was mostly due to a $0.9 billion decrease in royalties and license fees, which had been boosted in August by payments for the rights to broadcast the 2008 Summer Olympic Games. Travel, other transportation, and passenger fares also decreased and other private services increased.


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search