US trade balance for the month of September 2019
- US trade balance $-52.5 billion versus August $-55 billion (revised from $-54.9 billion)
- exports -0.9% versus August +0.2%
- imports -1.7% versus August +0.5%
- US goods deficit $-71.72 billion
- services surplus $19.27 billion
- total US exports $205.99 billion versus August $207.83 billion
- imports $258.44 billion versus August $262.86 billion
- US China September trade deficit $31.62 billion versus August deficit of $31.76 billion
- US OPEC trade surplus $1.1 billion versus August surplus of $701 million
- oil import price $53.12 per barrel versus August 54.13 per barrel
The trade deficit is smaller which is good for month-to-month growth but still remains in the $50 billion range. The trade deficit with China remains quite large. The US now has a trade surplus with OPEC which is good news as the US becomes less reliant on OPEC oil.
