Census Reports Rise in Exports & Imports in September, Fall in Deficit

Imports were up, but exports increased even more in September, leading to a $2.3 billion reduction in the U.S. goods and services deficit to $41.5 billion, said the Census Bureau and Bureau of Economic Analysis in their U.S. International Trade in Goods and Services Report for September 2012. The report showed that, as compared to revised August 2012 levels, exports were up $5.6 billion to $187 billion, and imports were up $3.4 billion to $228.5 billion. As compared to September 2011 totals, exports increased by 3.5 percent and imports by 1.5 percent. The U.S. trade deficit with China widened to $29.1 billion in September, from a revised $28.7 billion in August.