# U.S. Trade Deficit Dips to $105 Billion in September as Exports Rise

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/49040
Published: 2026-11-05T04:52:11.000Z
Updated: 2026-11-05T04:52:11.000Z
Section: Business

> The three-month average deficit widened to $101.2 billion, while an inflation-adjusted measure showed the goods gap expanding.

The U.S. goods-and-services trade deficit narrowed in September as exports grew more in dollar terms than imports, while broader three-month and inflation-adjusted measures moved in the opposite direction.

The seasonally adjusted deficit was $105.0 billion, down $700 million, or 0.7%, from August’s revised $105.7 billion. The U.S. Census Bureau and Bureau of Economic Analysis (BEA) released the report at 8:30 a.m. ET (13:30 UTC) Wednesday, Nov. 4. The revised August amount replaced the $105.6 billion figure in [August trade data](<https://www.tokenpost.com/news/business/29584>). Monthly headline figures are not adjusted for price changes.

Exports rose $5.8 billion, or 1.9%, from August to $321.5 billion. Imports advanced $5.2 billion, or 1.2%, to $426.6 billion. The larger export gain helped narrow the gap, although imports remained higher than exports in total.

The goods deficit contracted $700 million to $135.9 billion, while the services surplus slipped by less than $100 million to $30.9 billion. Together, those balances make up the $105.0 billion overall deficit. The completed report puts September’s goods deficit $1 billion above the $134.9 billion figure in the [September advance trade report](<https://www.tokenpost.com/news/business/42731>).

Goods imports increased $4.4 billion to $346.9 billion. Capital-goods imports climbed $11.6 billion, including a $7.6 billion increase in computer imports and a $5.7 billion rise in computer accessories. Semiconductor imports moved the other way, falling $1.2 billion. These category changes were part of the goods-import total, rather than the full goods-and-services import figure.

The average monthly deficit for the three months ending in September rose $11.3 billion to $101.2 billion. Average imports increased $12.7 billion to $417.2 billion, while average exports grew $1.4 billion to $316.0 billion. The wider average contrasts with September’s monthly decline.

From January through September, the deficit was $92.4 billion, or 12.2%, lower than in the same period of 2025. Exports increased $297.3 billion, or 11.6%, over that span, while imports rose $204.9 billion, or 6.2%.

On a separate inflation-adjusted, Census-basis measure, the September goods deficit widened $3.5 billion, or 3.0%, to $119.5 billion. That measure differs from the headline monthly figures, which are not adjusted for price changes.



## Links in this article

- [August trade data](https://www.tokenpost.com/news/business/29584)
- [September advance trade report](https://www.tokenpost.com/news/business/42731)
