Oct 9: Trade Deficit Decreases

The Trade Deficit decreased to $30.7 billion in August from $31.9 billion in July.  August exports increased by $0.2 billion to $128.2 billion, offset by the increase in imports by $0.9 billion to $158.9 billion.  The Commerce Department provided the August figures of the trade balance of the U.S. relative to selected trading partners, in billions of dollars, with surpluses in Hong Kong ($1.3), Australia ($1.2), Egypt ($0.4), and Singapore ($0.3).  Deficits were recorded, in billions of dollars, with China ($20.2), OPEC ($6.4),the European Union ($5.4), Japan ($4.3), Mexico ($4.0), Venezuela ($1.9), Nigeria ($1.7), Canada ($1.5), Taiwan ($0.5), and Korea ($0.4).

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