Washington:The US trade deficit decreased by 0.7 percent to $105 billion in September, as reported by the US Commerce Department. This change was influenced by adjustments in both exports and imports during the month.

According to Emirates News Agency, exports showed a growth of 1.9 percent, reaching $321.5 billion, while imports increased by 1.2 percent to a record high of $426.6 billion. Specifically, goods imports rose by 1.3 percent to $346.9 billion. A significant contribution to this rise was the $11.6 billion increase in capital goods imports, which hit a record high of $158 billion, largely driven by computers and computer accessories.

Consumer goods imports saw an increase of $2.4 billion, but there were declines in other areas, with semiconductor imports dropping by $1.2 billion and imports of industrial supplies and materials decreasing by $3.7 billion. On the export side, goods exports increased by 2.5 percent to $211 billion. Exports of capital goods reached an all-time high of $73.3 billion, and food and beverage exports rose to $16 billion, the highest level since June 2022, supported by soybean shipments.

Additionally, imports of services climbed to a record high of $79.7 billion, while exports of services advanced to an all-time high of $110.5 billion. The goods trade deficit reduced by 0.5 percent to $135.9 billion in September. However, when adjusted for inflation, the goods trade deficit widened by 3 percent to $119.5 billion.