US ex­ports up in Septem­ber

The Myanmar Times - - International Business -

US ex­ports surged in Septem­ber helped by strong air­craft sales and im­ports fell sharply, clos­ing the coun­try’s monthly trade deficit to the small­est in 19 months, the Com­merce De­part­ment re­ported.

Over­all trade in goods and ser­vices also picked up, for a three-month gain that sug­gested the long slow­down due to the weak global econ­omy may have turned a cor­ner.

Goods ex­ports rose by US$600 mil­lion from Au­gust to $126.1 bil­lion, de­spite a sharp falloff in soy­bean sales that had sharply in­flated the num­bers of the pre­vi­ous two months.

Goods im­ports fell by $2 bil­lion to $183.7 bil­lion, with lower pur­chases of phar­ma­ceu­ti­cals off­set­ting a jump in auto and auto parts im­ports.

Mean­while the net ser­vices trade sur­plus also im­proved, by $1.4 bil­lion.

That left the to­tal deficit, for both goods and ser­vices, at $36.4 bil­lion, down from $40.5 bil­lion in Au­gust.

The data sug­gested that a two-year de­cline in over­all trade, re­flect­ing the global slow­down in com­merce, could be end­ing. –

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