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Imports as well as exports of goods & services fall in Sept
14 Nov '08
5 min read
From September 2007 to September 2008, services exports increased $4.0 billion. The largest increases were in travel ($1.4 billion), other private services ($0.9 billion), other
transportation ($0.8 billion), and passenger fares ($0.7 billion).
From September 2007 to September 2008, services imports increased $2.2 billion. The largest increases were in other transportation ($0.7 billion), other private services ($0.5 billion), royalties and license fees ($0.3 billion), and travel ($0.3 billion).
Goods and Services Moving Average:
For the three months ending in September, exports of goods and services averaged $162.9 billion, while imports of goods and services averaged $221.9 billion, resulting in an average trade deficit of $59.0 billion. For the three months ending in August, the average trade deficit was $59.7 billion, reflecting average exports of $165.4 billion and average imports of $225.1 billion.
Selected Not Seasonally Adjusted Goods Details:
The September figures showed surpluses, in billions of dollars, with Hong Kong $1.7 ($1.2 for August), Singapore $0.9 ($1.2), Australia $0.8 ($1.0), and Egypt $0.2 ($0.4). Deficits were recorded, in billions of dollars, with China $27.8 ($25.3), OPEC $13.4 ($19.2), the European Union $8.3 ($6.8), Canada $7.8 ($7.5), Japan $5.6 ($4.8), Mexico $4.9 ($5.9), Venezuela $3.5 ($4.6), Nigeria $2.2 ($3.4), Taiwan $1.4 ($1.1), and Korea $1.0 ($0.7).
Advanced technology products (ATP) exports were $21.6 billion in September and imports were $29.3 billion, resulting in a deficit of $7.8 billion. September exports were $3.6 billion less than the $25.1 billion in August, while imports were $1.0 billion more than the $28.3 billion in August.
Revisions:
Goods carry-over in September was $0.9 billion (0.8 percent) for exports and $2.1 billion (1.1 percent) for imports. For August, revised export carry-over was $0.5 billion (0.4 percent), revised up from $0.3 billion (0.2 percent). For August, revised import carry-over was $1.2 billion (0.6 percent), revised down from $2.5 billion (1.3 percent).
Services exports for August were revised up $0.3 billion to $47.4 billion. The revision was mostly accounted for by an upward revision in travel. Services imports for August
were revised up $0.1 billion to $35.4 billion. The revision was more than accounted for by an upward revision in travel.
transportation ($0.8 billion), and passenger fares ($0.7 billion).
From September 2007 to September 2008, services imports increased $2.2 billion. The largest increases were in other transportation ($0.7 billion), other private services ($0.5 billion), royalties and license fees ($0.3 billion), and travel ($0.3 billion).
Goods and Services Moving Average:
For the three months ending in September, exports of goods and services averaged $162.9 billion, while imports of goods and services averaged $221.9 billion, resulting in an average trade deficit of $59.0 billion. For the three months ending in August, the average trade deficit was $59.7 billion, reflecting average exports of $165.4 billion and average imports of $225.1 billion.
Selected Not Seasonally Adjusted Goods Details:
The September figures showed surpluses, in billions of dollars, with Hong Kong $1.7 ($1.2 for August), Singapore $0.9 ($1.2), Australia $0.8 ($1.0), and Egypt $0.2 ($0.4). Deficits were recorded, in billions of dollars, with China $27.8 ($25.3), OPEC $13.4 ($19.2), the European Union $8.3 ($6.8), Canada $7.8 ($7.5), Japan $5.6 ($4.8), Mexico $4.9 ($5.9), Venezuela $3.5 ($4.6), Nigeria $2.2 ($3.4), Taiwan $1.4 ($1.1), and Korea $1.0 ($0.7).
Advanced technology products (ATP) exports were $21.6 billion in September and imports were $29.3 billion, resulting in a deficit of $7.8 billion. September exports were $3.6 billion less than the $25.1 billion in August, while imports were $1.0 billion more than the $28.3 billion in August.
Revisions:
Goods carry-over in September was $0.9 billion (0.8 percent) for exports and $2.1 billion (1.1 percent) for imports. For August, revised export carry-over was $0.5 billion (0.4 percent), revised up from $0.3 billion (0.2 percent). For August, revised import carry-over was $1.2 billion (0.6 percent), revised down from $2.5 billion (1.3 percent).
Services exports for August were revised up $0.3 billion to $47.4 billion. The revision was mostly accounted for by an upward revision in travel. Services imports for August
were revised up $0.1 billion to $35.4 billion. The revision was more than accounted for by an upward revision in travel.
Department of Commerce
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