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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. September exports were $5.6 billion more than August exports of $181.4 billion, while imports were $3.4 billion more than August imports of $225.2 billion.
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Paper exports advanced slightly, rising by 7,000 tons (0.3 percent). By contrast, imports decreased by 138,000 tons (16.5 percent). Exports were 236,000 tons (8.9 percent) lower than a year earlier while imports were 151,000 tons (17.7 percent) lower.
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Softwood lumber exports dropped by 16 MMBF (12.4 percent) in September while imports fell by 81 MMBF (9.1 percent). Exports were 19 MMBF (14.7 percent) lower than year-earlier levels; imports were 2 MMBF (0.2 percent) lower.
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Taking a broader view, data compiled by the
Netherlands Bureau for Economic Policy Analysis showed that world trade volume edged down by 0.4 percent in August at the same time prices rose by 1.5 percent.
The foregoing comments represent the general economic views and analysis of Delphi Advisors, and are provided solely for the purpose of information, instruction and discourse. They do not constitute a solicitation or recommendation regarding any investment.
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