United States: Foreign Trade Balance
USA's foreign trade from 2017 to September 2019.
The US registered trade deficit of USD 72bn in September, lower than the August figure of USD 77bn. Both exports and imports contracted by -3.28% y/y and -2.31% y/y, respectively.
In the first nine months of 2019, total exports and imports declined by 1.17% y/y and 0.32% y/y, respectively.
China, which is a key trading partner, traditionally records trade surplus with the US. For the first nine months of the year, the US reported a trade deficit in goods with China in the amount of USD 266bn, improving from a deficit of USD 307bn during the same period last year.
Detailed data and analysis on USA’s Foreign Trade can be found in the CEIC US Economy in a Snapshot – Q3 2019.