US Trade Deficit Hits 30-Month High Amid Import Surge
TL;DR
The U.S. trade deficit in goods and services rose to $84.4 billion in September 2024, a 19.2% increase from August. Exports decreased by 1.2% to $267.9 billion, while imports increased by 3.0% to $352.3 billion. The goods deficit grew by $14.2 billion, while the services surplus increased by $0.6 billion. Year-to-date, the trade deficit has risen by 11.8% compared to 2023, with exports up 3.7% and imports up 5.3%. The next report is scheduled for December 5, 2024.
Topics:businesseconomy#economic-analysis#economy#exports#imports#international-trade#us-trade-deficit
- U.S. International Trade in Goods and Services, September 2024 Bureau of Economic Analysis
- Imports boost US trade deficit to nearly 2-1/2-year high in September Reuters
- US September Trade Deficit Widest In Over Two Years Barron's
- U.S. trade deficit widens to 30-month high as imports flood in before port strike. GDP shaved. MarketWatch
- US Merchandise Trade Deficit Soars to Largest Since 2022: Chart Bloomberg Law
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