The US Census Bureau and the US Bureau of Economic Analysis, through the Department of Commerce, announced Thursday that total September exports of $187.0 billion and imports of $228.5 billion resulted in a goods and services deficit of $41.5 billion, down from $43.8 billion in August, revised. September exports were $5.6 billion more than August exports of $181.4 billion. September imports were $3.4 billion more than August imports of $225.2 billion.
The US' trade deficit decreased $2.9 billion from September 2011 to September 2012. Exports were up
$6.4 billion, or 3.5 percent, and imports were up $3.4 billion, or 1.5 percent.
Statistics Canada said Thursday that Canada's merchandise exports rose 1.9 percent and imports were unchanged in September. As a result, Canada's trade deficit with the world narrowed from $1.5 billion in August to $826 million in September. Exports rose to $38 billion, as prices increased 1.9 percent.
Imports remained at $38.8 billion in September. Overall, the increase in volumes offset the decrease in prices. Metal and non-metallic mineral products registered the largest increase in total value of imports, while consumer goods posted the largest decline. Exports to the United States grew 1.3 percent to $27.8 billion, on higher exports of aircraft and other transportation equipment and parts. Imports from the United States edged up 0.5 percent to $24.3 billion.