U.S. International Trade in Goods and Services, September 2022

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 percent, from the same period in 2021. Exports increased $378.1 billion or 20.2 percent. Imports increased $503.6 billion or 20.2 percent.

Three-Month Moving Averages (exhibit 2)

The average goods and services deficit decreased $2.5 billion to $69.8 billion for the three months ending in September.

• Average exports decreased $0.3 billion to $259.5 billion in September.
• Average imports decreased $2.8 billion to $329.3 billion in September.

Year-over-year, the average goods and services deficit decreased $3.2 billion from the three months ending in September 2021.

• Average exports increased $45.6 billion from September 2021.
• Average imports increased $42.4 billion from September 2021.

Exports (exhibits 3, 6, and 7)

Exports of goods decreased $3.7 billion to $180.2 billion in September.

Exports of goods on a Census basis decreased $3.4 billion.

• Industrial supplies and materials decreased $2.3 billion.
  • Crude oil decreased $1.0 billion.
  • Nonmonetary gold decreased $0.8 billion.
• Foods, feeds, and beverages decreased $2.1 billion.
  • Soybeans decreased $1.7 billion.
• Capital goods increased $1.2 billion.
  • Telecommunications equipment increased $0.6 billion.
  • Semiconductors increased $0.4 billion.

Net balance of payments adjustments decreased $0.3 billion.

Exports of services increased $0.9 billion to $77.8 billion in September.

• Travel increased $0.6 billion.
• Transport increased $0.1 billion.
• Financial services increased $0.1 billion.

Imports (exhibits 4, 6, and 8)

Imports of goods increased $2.9 billion to $272.9 billion in September.

Imports of goods on a Census basis increased $2.8 billion.

• Capital goods increased $3.3 billion.
  • Semiconductors increased $1.1 billion.
  • Civilian aircraft increased $0.8 billion.
  • Telecommunications equipment increased $0.7 billion.
• Consumer goods increased $1.1 billion.
  • Cell phones and other household goods increased $1.4 billion.
  • Pharmaceutical preparations increased $1.4 billion.
• Industrial supplies and materials decreased $2.0 billion.
  • Fuel oil decreased $0.8 billion.
  • Crude oil decreased $0.5 billion.
  • Other petroleum products decreased $0.5 billion.

Net balance of payments adjustments increased $0.1 billion.

Imports of services increased $1.9 billion to $58.4 billion in September.

• Travel increased $1.6 billion.
• Transport increased $0.3 billion.

Real Goods in 2012 Dollars – Census Basis (exhibit 11)

The real goods deficit increased $6.7 billion to $103.8 billion in September.

• Real exports of goods decreased $1.3 billion to $162.9 billion.
• Real imports of goods increased $5.4 billion to $266.8 billion.

Revisions

Revisions to August exports

• Exports of goods were revised up $1.4 billion.
• Exports of services were revised up $0.5 billion.

Revisions to August imports

• Imports of goods were revised down $0.1 billion.
• Imports of services were revised up $0.3 billion.