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Trade Deficit Steady At $45.6 Billion

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.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

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