CSIMarket
 



Trade gap narrows

U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES



The U.S. Trade deficit narrowed in September, after widening in August, as exports continued their upward trend, imports grew as well.
U.S. trade gap faded in September by -4.8 % , reported by the Commerce Department. Growing trade activity, the shrinking trade deficit, will add to GDP growth, as exports out-grow imports, as falling oil prices were the main reason behind the lower imports, leaving more disposable income to spend on other goods and services, economists think.
International Trade (Picture Autor: Maurice Marcellin) licence Creative Commons
Declining oil price in September helped to moderate petroleum trade gap.

Imports from China, meanwhile, climbed to $41.2 billion in September from $40.8 billion in August. The trade deficit with the rising Asian giant increased $10.63 billion to $-22.5 billion in September. Country data are not seasonally adjusted.

Lawmakers and some business executives say China keeps its currency artifically low to boosts its exports.
Imports of Crude Oil

-3.50% 0.58% -3.60% 1.26% -0.85% 1.35% 0.70% -0.16%
Imports
Imports
Imports
Imports

Imports grew in September by 0.49 % to $240.2 billion, reported by the Commerce Department, led by growing imports of Cars, parts, engines as the availability of new models improved and Other Transportation services. Bucking the overall trend, imports of miscellaneous other goods and Travel services fell also -2.39 %.

U.S. consumer appetite for imported goods shows no signs of abating.

The value of U.S. crude oil imports fell to $6.2 billion in September from $6.2 billion in August as the price of a barrel of oil fell to $57.2 from $61.9 in the previous month. U.S. Imports of services grew by 1.86 %, whats more important purcheses of foreign made products, which accounted for 84.7 %, of total imports, rose by 0.25 %. U.S. Exports by Major Category








Pacific Rim Region has seen increasing demand from the U.S., where imports from Hong Kong grew the most, but imports from Other Pacific Rim fell.
Despite the decline in the price of oil, imports from Mexico and Canada grew in September. Canada and Mexico are among the largest exporters of petroleum to the U.S.
Imports from europe increased, as demand for goods from Hungary grew the most, up 23.42 %, but imports from Russia fell.
Declining oil price was major drag on imports from OPEC (Organization of the Petroleum Exporting Countries).

From Sep. 2019, U.S. trade gap jumped by 21.8 %, due to -7.05 % increase in imports.

In September Exports have climbed by 2.57 % to $176.4 billion, reported by the Commerce Department, led by exports of Foods, feeds, beverages and Travel services, which accounted for 0.64 % of total exports. Exports of Opto-Electronics grew also, up 18.07 % to $0.38 billions and Other Private Services mark the weakest spot with the decrease of -0.16 %. Exports of Weapons fell as well, by -7.66 % to $0.24 billions.
U.S. exports are rising because of faster growth in emerging markets and the favorable foreign-exchange markets, economists add. U.S. Exports of services increased by 1.4 %, services accounted for 1.4 % of total exports, sales of U.S. made products, grew by 3.09 %.

Exports to europe improved, where exports to Hong Kong grew the most, but exports to Finland fell by -44.78 %.

Sales of U.S. made goods, improved in the Pacific Rim Region, where exports to Hong Kong grew the most, but exports to Other Pacific Rim fell.


U.S. Imports by Major Countries

Exports to Selected Geographical Region



Technology Group Exports Technology Group Imports Technology Group Trade Balance
Total Technology Group exports increased by $1,121 millions or 4.85 % to $24,250 millions from Aug. 2020 , caused by increase in exports of Aerospace goods by 4.93 % to $6,110 millions from Aug. 2020. Exports of Information and Communication goods rose by $1,121 millions or 8.46 % to $6,759 millions.
Total Technology Group imports deacreased by $0 millions or 0.00 % to $0 millions from Aug. 2020 , despite a decrease in imports of Electronics goods by 0.00 % to $0 millions from Aug. 2020. Imports of Information and Communication goods fell by $0 millions or 0.00 % to $0 millions.

Imports by Technology Group
Total Technology Group trade deficit fell by $295 millions or 1.55 % to $18,777 millions from deficit of $19,072 millions Aug. 2020. Information and Communications trade deficit fell by $148 millions or 0.92 % to $15,988 millions from deficit of $16,136 millions Aug. 2020.

Trade Balance by Technology Group
Technology Group Exports
Total Technology Group exports increased by $1,121 millions or 4.85 % to $24,250 millions from Aug. 2020 , caused by increase in exports of Aerospace goods by 4.93 % to $6,110 millions from Aug. 2020. Exports of Information and Communication goods rose by $1,121 millions or 8.46 % to $6,759 millions.


Technology Group Imports
Total Technology Group imports deacreased by $0 millions or 0.00 % to $0 millions from Aug. 2020 , despite a decrease in imports of Electronics goods by 0.00 % to $0 millions from Aug. 2020. Imports of Information and Communication goods fell by $0 millions or 0.00 % to $0 millions.

Imports by Technology Group

Technology Group Trade Balance
Total Technology Group exports increased by $1,121 millions or 4.85 % to $24,250 millions from Aug. 2020 , caused by increase in exports of Aerospace goods by 4.93 % to $6,110 millions from Aug. 2020. Exports of Information and Communication goods rose by $1,121 millions or 8.46 % to $6,759 millions.

U.S. International Trade in Goods & Services

(In millions $)




U.S. International Trade in Goods & Services
(In millions $)
Sep. 2020
Aug. 2020
July 2020
June 2020
May 2020
April 2020
Total Trade Balance
-63,862 -67,102 -63,556 -50,695 -54,601 -49,408
Trade Balance of Goods
-80,686 -83,860 -80,910 -72,150 -76,055 -71,837
Trade Balance of Services
16,824 16,757 17,354 21,455 21,455 22,429
Total Exports
176,354 171,935 168,109 158,253 144,514 151,281
Exports of Goods
122,779 119,099 115,461 102,869 89,969 95,515
Exports of Services
53,575 52,836 52,648 55,385 54,546 55,766
Total Imports
240,216 239,038 231,665 208,949 199,115 200,690
Imports of Goods
203,465 202,959 196,370 175,019 166,024 167,353
Imports of Services
36,751 36,079 35,294 33,930 33,091 33,337



U.S. Trade Balance by Selected Countries and Areas
( In millions $)




U.S. Trade Balance by Selected Countries and Areas
( In millions $)
April 2020
March 2020
Feb. 2020
Jan. 2020
Dec. 2019
Nov. 2019
Total Goods
-70,752 -61,192 -47,565 -68,395 -68,395 -62,925
North America
-3,486 -11,651 -10,860 -10,334 -10,334 -9,726
Canada
-185 -1,593 -1,200 -2,836 -2,836 -1,435
Mexico
-3,302 -10,059 -9,661 -7,498 -7,498 -8,292
Europe
-23,694 -22,968 -11,370 -15,422 -15,422 -16,924
European Union
-15,281 -17,666 -9,955 -12,206 -12,206 -13,112
Austria
-619 -795 -585 -602 -602 -785
Belgium
281 783 1,157 1,040 1,040 1,201
Czech Republic
-188 -251 -181 -171 -171 -213
Finland
-232 -324 -217 -277 -277 -316
France
-1,498 -828 -243 -580 -580 -1,277
Germany
-4,342 -6,019 -4,088 -5,064 -5,064 -5,276
Hungary
-146 -231 -251 -280 -280 -365
Ireland
-4,597 -5,907 -3,983 -5,163 -5,163 -4,297
Italy
-2,212 -2,654 -1,879 -2,520 -2,520 -2,512
Netherlands
845 1,700 2,478 1,964 1,964 1,749
Poland
-278 -384 -266 -223 -223 -210
Spain
-375 -261 106 285 285 -162
Sweden
-539 -585 -649 -664 -664 -557
United Kingdom
-1,382 -1,909 -1,355 1,273 1,273 1,304
Other E.U.
4 -149 55 -1,223 -1,223 -1,396
Norway
-707 -1,370 -1,397 -118 -118 -64
Russia
-7,123 -4,772 -2,651 -1,485 -1,485 -1,335
Switzerland
-572 477 1,985 -1,872 -1,872 -2,303
Other Europe
-15 512 594 259 259 -109
Euro Area
-13,324 -14,975 -7,866 -11,368 -11,368 -12,059
Pacific Rim Countries
-36,877 -22,620 -22,198 -35,969 -35,969 -34,454
Australia
-556 1,052 1,446 791 791 1,315
China
-22,466 -11,834 -15,998 -26,065 -26,065 -26,366
Japan
-4,196 -5,566 -4,571 -4,984 -4,984 -5,450
Malaysia
-1,727 -3,120 -2,142 -2,288 -2,288 -2,318
Philippines
-85 -479 -206 -266 -266 -311
Newly Industrialized Countries (NICS)
-9,154 -9,658 -8,509 -10,913 -10,913 -8,275
Hong Kong
-675 1,984 1,777 1,652 1,652 2,034
Korea
-2,476 -1,818 -1,119 -1,232 -1,232 -1,433
Singapore
-1,126 124 759 -84 -84 745
Taiwan
-2,252 -1,687 -1,248 -2,120 -2,120 -1,684
Other Pacific Rim
-186 -144 55 -87 -87 55
South/Central America
2,807 5,130 5,556 4,931 4,931 5,869
Argentina
100 267 201 132 132 159
Brazil
682 1,527 1,746 1,398 1,398 1,650
Chile
-21 328 453 234 234 923
Colombia
156 506 375 111 111 445
Other South/Central America
1,889 2,502 2,780 3,056 3,056 2,692
OPEC
1,202 1,749 1,048 560 560 1,016
Indonesia
-1,131 -1,130 -952 -1,286 -1,286 -1,043
Nigeria
149 168 105 10 10 -27
Saudi Arabia
267 442 211 -227 -227 139
Venezuela
57 84 96 38 38 84
Other OPEC
730 1,055 636 739 739 821
Africa
-187 394 -172 -212 -212 90
Algeria
14 45 -35 -26 -26 -1
Egypt
253 319 196 159 159 168
South Africa
-551 -260 -262 -407 -407 -320
Other Africa
96 289 -71 63 63 243
Other Countries
-9,154 -9,658 -8,509 -10,913 -10,913 -8,275
India
-2,065 -1,853 -1,253 -2,110 -2,110 -1,778
Thailand
-1,996 -2,265 -1,322 -1,843 -1,843 -1,777
Other
-5,093 -5,539 -5,934 -6,961 -6,961 -4,720




U.S. Imports by Major Category
( In millions $)




Imports by Major Category
( In millions $)
Sep. 2020
Aug. 2020
July 2020
June 2020
May 2020
April 2020
Total
240,216 239,038 231,665 208,949 199,115 200,690
Total Services
36,751 36,079 35,294 33,930 33,091 33,337
Travel
449 460 461 613 617 595
Passenger Fares
5,491 5,157 5,021 4,098 3,750 3,572
Other Transportation
1,727 1,472 1,069 803 796 884
Royalties and License Fees
91 90 87 114 113 111
Other Private Services
5,146 5,110 5,036 4,995 4,973 4,929
Transfers Under U.S. Military Sales Contracts
3,140 3,167 3,160 3,067 3,034 3,251
U.S. Government Misc. Services
3,517 3,479 3,404 3,149 2,813 2,891
Total Goods
203,465 202,959 196,370 175,019 166,024 167,353
Foods, feeds, and beverages
13,530 13,484 12,798 12,405 12,098 12,062
Industrial supplies and materials
36,888 38,227 39,758 35,405 43,694 41,423
Capital goods, except automotive
55,513 54,694 53,845 49,785 47,531 48,171
Automotive vehicles, parts, and engines
31,192 28,012 26,357 18,632 8,967 13,345
Consumer goods
55,770 57,852 54,004 50,460 45,723 43,792
Other goods
9,008 9,595 8,528 7,153 7,314 7,552




Exports by Technology Group
( In millions $)


Exports by Technology Group
( In millions $)
Sep. 2020

Aug. 2020

June 2020

May 2020

April 2020

March 2020

Total Technology Group
24,250 23,129 23,414 20,234 21,257 29,648
Advanced Materials
220 223 249 220 229 269
Aerospace
6,110 5,823 5,644 4,792 4,748 10,619
Biotechnology
2,064 2,055 1,776 1,836 1,814 2,116
Electronics
3,941 3,776 4,207 3,811 4,244 4,397
Flexible Manufacturing
1,844 1,674 1,702 1,381 1,455 1,715
Information and Communications
6,759 6,232 6,714 5,256 5,679 6,988
Life Science
2,596 2,660 2,442 2,233 2,367 2,859
Nuclear Technology
95 102 65 83 107 80
Opto-Electronics
379 321 369 334 281 428
Weapons
241 261 247 290 333 177





Annual Report on U.S. International Trade in Goods & Services
(In millions $)




U.S. International Trade in Goods & Services
(In millions $)
2019
2018
2017
2016
2015
2014
Total Trade Balance
-52,113 -621,036 -566,031 -504,793 -531,503 -471,532
Trade Balance of Goods
-74,858 -891,251 -810,023 -752,507 -758,934 -703,159
Trade Balance of Services
22,745 270,215 243,993 247,714 227,431 231,627
Total Exports
202,575 2,499,970 2,329,311 2,208,072 2,230,317 2,272,320
Exports of Goods
133,614 1,671,839 1,551,434 1,455,704 1,513,888 1,590,350
Exports of Services
68,961 828,131 777,877 752,368 716,429 681,970
Total Imports
254,689 3,121,006 2,895,342 2,712,866 2,761,820 2,743,851
Imports of Goods
208,472 2,563,090 2,361,458 2,208,211 2,272,821 2,293,508
Imports of Services
46,216 557,916 533,884 504,654 488,999 450,343

Source U.S. Department of Commerce, BEA.gov
Picture Autor: (Maurice Marcellin) licence Creative Commons.


       
Economy


Advance Monthly Sales

Consumer Price Index CPI

Producer Price Index PPI

Retail Inventories

Personal Income

Gross Domestic Product GDP

Money Supply

Industrial Production

Productivity

Employment Situation

US International Trade

Factory Orders

Durable Goods

Construction Spending

Housing Starts

Vehicle Unit Sales

Stocks


Event Calendar

WCRS's Profile

Stock Price

WCRS's Financials

Business Description

Fundamentals

Charts & Quotes

WCRS's News

Suppliers

WCRS's Competitors

Customers & Markets

Economic Indicators

WCRS's Growth

Company Segments

Screening


Stock Performance

Growth Rates

Profitability

Valuation

Dividend

Financial Strength

Efficiency

Largest Companies

Management Effectivness

Industries


At a Glance

Performance

Growth Rates

Profitability

Valuation

Financial Strength

Markets


At a Glance

Stocks

Indices

Sectors & Industries

Financials

Commodities

Currencies

News


At a Glance

Stocks

Economy

Industries

Other

Help


Sitemap

Advertise

About us

Glossary


Financial Terms

Technical Analysis

Fundamental Analysis

Energy Terms

Manufacturing Terms

Transportation Terms

Health Care

Insurance Terms

Economy Terms

Hotel & Leisure Terms

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research.  Free Stock Market News Feeds
   Copyright © 2020 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

To view Intraday Stock Data Java must be installed. Java content may be prohibited by the security software, to see the stock quotes, choose "allow content from this page" option. Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
CSIMarket.com 1500 N. University Drive, Coral Springs, FL 33071