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DOC: Trade Deficit Down; FTZB Applications; Comment Period Extended on FTZ Report Changes; BIS Information Collections

October 12, 2009
World Trade\Interactive

Trade Deficit Falls on Decline in Imports. The U.S. goods and services trade deficit fell nearly 4% in August, declining $1.2 billion to $30.7 billion. Exports edged up $0.2 billion to $128.2 billion and imports fell $0.9 billion to $158.9 billion. Year-on-year, the deficit was $30.2 billion lower, with imports down $63.6 billion, or 28.6%, and exports down $33.4 billion, or 20.7%.

On a country-by-country basis, the U.S. trade deficit with China fell slightly by $0.2 billion to $20.2 billion. The deficits with the European Union (down 32.5% to $5.4 billion) and Canada (down 28.6% to $1.5 billion) fell sharply, while the deficits with Venezuela, Taiwan and Korea declined as well. Deficits increased with Japan (up $0.4 billion to $4.3 billion) and Mexico (up $1.1 billion to $4.0 billion). The U.S. continued to maintain trade surpluses with Hong Kong ($1.3 billion), Australia ($1.2 billion), Egypt ($0.4 billion) and Singapore ($0.3 billion).
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