The US exported more, but the trade deficit became even larger

The US exported more, but the trade deficit became even larger

US exports rose 2.2 percent month-on-month to $261.1 billion in September, the highest level since August 2022. In particular, exports of industrial goods and supplies, as well as exports of food and feed, increased: In both categories, foreign trade increased by $1.4 billion, according to the U.S. Department of Commerce. from your data.

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Imports rose 2.7 percent to $322.7 billion, primarily imports of consumer goods including mobile phones and other household goods and passenger cars. The trade deficit came in at $61.5 billion, beating analysts’ expectations of $59.9 billion, up 4.9 percent from August’s $58.7 billion.

Bilateral trade last month posted a trade surplus of $24.1 billion in Beijing’s favor after August’s $22.7 billion.

In September, the foreign trade deficit with the EU stood at $16.8 billion. As Világgazdaság reports, last year the US and China traded more with each other than ever before, increasing the US trade deficit. The turnover volume in 2021 was 656.4 billion dollars and in 2022 it reached 690.6 billion dollars.

U.S. exports to China rose $2.4 billion to $153.8 billion last year, while imports from the Far Eastern country rose $31.8 billion to $536.8 billion. All this resulted in a trade surplus of nearly $383 billion in Beijing’s favor, the largest figure measured since a deficit of $419.4 billion in 2018.

Interest burden on US government bonds exceeds psychological limit – forint prepares

The US government’s annual interest payment obligation on government bonds has increased by a thousand billion dollars, or 5.6 times the entire Hungarian GDP, placing an unbearable burden on the government’s coffers.

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