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American ShipperShippingTrade and Compliance

U.S. September exports rose 3.1%

Chris Gillis
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   The U.S. Commerce Department’s Census Bureau and Bureau of Economic Analysis reported Thursday that exports for September rose 3.1 percent to $187 billion and imports increased 1.5 percent to $228.5 billion.
   Goods exports increased by $5.4 billion to a record high of $134 billion. Services exports rose by $0.3 billion to $53 billion, also a record.
   The trade deficit narrowed 5.1 percent from August to September to $41.5 billion–“significantly better than market expectations that the monthly deficit would grow,” the Commerce Department said.

Chris Gillis

Located in the Washington, D.C. area, Chris Gillis primarily reports on regulatory and legislative topics that impact cross-border trade. He joined American Shipper in 1994, shortly after graduating from Mount St. Mary’s College in Emmitsburg, Md., with a degree in international business and economics.