US trade deficit contracts slightly in September
The US trade deficit contracted slightly in September, government data there showed on Wednesday, hovering close to its widest since March 2025, driven by capital and consumer goods imports and strong exports. The trade gap in the world's largest economy decreased by 0.6 percent to US$105 billion, according to data from the US Commerce Department. This was below the US$107.7 billion projected in…
According to the US Commerce Department's September data, the US trade deficit contracted slightly, settling at $105 billion, a 0.6% decrease. This marked a below-forecast figure, with projections standing at $107.7 billion. The trade gap, the largest since March 2025, was influenced by a surge in capital and consumer goods imports and a strong export performance.
September saw a 1.2% rise in US imports, reaching $426.6 billion, primarily due to computers and their accessories. However, crude oil imports dropped by $1.3 billion. On the export side, US shipments grew by 1.8% to $321.5 billion, with oil, food, and capital goods playing a significant role in the increase.
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