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 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kerem Durdag
Biovation II LLC

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

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...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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