Goods & Services Deficit Widened by $7.6B in September

Washington, DC, November 3, 2022- The goods and services deficit was $73.3 billion in September, up $7.6 billion from $65.7 billion in August, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.

September exports were $258.0 billion, $2.8 billion less than August exports. September imports were $331.3 billion, $4.8 billion more than August imports.

The September increase in the goods and services deficit reflected an increase in the goods deficit of $6.6 billion to $92.7 billion and a decrease in the services surplus of $1.0 billion to $19.5 billion.

Year-to-date, the goods and services deficit increased $125.6 billion, or 20.2%, from the same period in 2021. Exports increased $378.1 billion or 20.2%. Imports increased $503.6 billion or 20.2%.