Trade Deficit Steady At $45.6 Billion
October 13, 2011 by UPI - United Press International, Inc.
WASHINGTON, Oct. 13 (UPI) — The U.S. international trade deficit held steady in August at $45.6 billion, the U.S. Census Bureau said Thursday.
The figure was “virtually unchanged” from July’s revised deficit figure, the bureau said.
For August, exports totaled $177.6 billion, while imports totaled $223.2 billion.
Exported goods dropped by $100 million to $126.7 billion in August, while exports of services was unchanged at $50.9 billion.
Imported goods were unchanged at $188.1 billion. Imported services dropped to $35.1 billion, down by $200 million.
The trade gap widened with China, climbing from $27 billion in July to $29 billion. With the Organization of Petroleum Exporting Countries, the trade deficit rose from $11.9 billion to $13.3 billion.
Deficits with Japan, Mexico, Germany, Venezuela, Nigeria, Ireland, Taiwan and the European Union also rose or broke even during August.
The trade gap contracted slightly with Canada and South Korea.