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International Trade in Goods and Services

International Trade in Goods and Services in September 2015 Statement

WASHINGTON – U.S. Secretary of Commerce Penny Pritzker issued the following statement today on the release of the September 2015 U.S. International Trade in Goods and Services data. U.S. exports of goods and services increased to $187.9 billion in September from $184.9 billion in August. The total trade deficit improved by 15 percent in September to $40.8 billion. Exports of total services were a record, reaching $60.6 billion for the month.

International Trade in Goods and Services in July 2015 Statement

WASHINGTON – U.S. Secretary of Commerce Penny Pritzker issued the following statement today on the release of the July 2015 U.S. International Trade in Goods and Services data. U.S. exports of goods and services increased to $188.5 billion in July from $187.7 billion in June. The total trade deficit improved by 7.4 percent in July to $41.9 billion. Exports of financial services; other business services; telecommunications, computers, and information services; as well as insurance services all reached records highs in July.

Statement from U.S. Commerce Secretary Penny Pritzker on International Trade in Goods and Services in February 2015

WASHINGTON – U.S. Secretary of Commerce Penny Pritzker issued the following statement today on the release of the February 2015 U.S. International Trade in Goods and Services data. The goods and services trade deficit improved by 17 percent to $35.4 billion in February. This is the lowest monthly trade deficit since October 2009.

Timelier, more accurate data: the Commerce Department’s statistical agencies deliver on promise of better data for better decision-making

The Economics and Statistics Administration’s family of statistical agencies – the Bureau of Economic Analysis (BEA) and U.S. Census Bureau – are announcing an important new initiative that will lead to an acceleration of key trade data as well as improved accuracy of the advance estimate of Gross Domestic Product (GDP). GDP is widely considered the most important measure of the U.S. economy.

U.S. International Trade in Goods and Services

The December 2014 international trade deficit increased 17.1 percent from November, to $46.6 billion. Exports decreased 0.8 percent to $194.9 billion, and imports increased 2.2 percent to $241.4 billion.

For the full year 2014, the trade deficit grew 6 percent to $505b. Exports rose 2.9 percent, to $2.3 trillion, and imports increased 3.4 percent, to $2.9 trillion.

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