The US trade deficit narrowed slightly in September, and commodity exports rose to a four-month high. According to data released by the Ministry of Commerce on Wednesday, the goods and services trade deficit narrowed 0.7% from the previous month to US$105 billion. Economists surveyed by Bloomberg estimated a median deficit of $107.9 billion. Due to factors such as tariffs, rising oil prices, and supply chain disruptions, unadjusted monthly trade data has fluctuated greatly. Export volume increased by 1.9%, mainly driven by increased exports of capital goods. Imports increased by 1.2%. Capital goods imports increased by 11.6 billion US dollars from the previous month, setting a new record. This category includes computers and accessories, semiconductors, and telecommunications equipment. American companies are buying imported technology and equipment in a big way to expand artificial intelligence capabilities. Meanwhile, imports of industrial goods, including petroleum and petroleum products, decreased by 3.7 billion US dollars from the previous month. The report shows that the number of barrels of crude oil imported from the US was less than the previous month. Exports of industrial goods fell by $1 billion.

The US trade deficit narrowed slightly in September, and commodity exports rose to a four-month high. According to data released by the Ministry of Commerce on Wednesday, the goods and services trade deficit narrowed 0.7% from the previous month to US$105 billion. Economists surveyed by Bloomberg estimated a median deficit of $107.9 billion. Due to factors such as tariffs, rising oil prices, and supply chain disruptions, unadjusted monthly trade data has fluctuated greatly. Export volume increased by 1.9%, mainly driven by increased exports of capital goods. Imports increased by 1.2%. Capital goods imports increased by 11.6 billion US dollars from the previous month, setting a new record. This category includes computers and accessories, semiconductors, and telecommunications equipment. American companies are buying imported technology and equipment in a big way to expand artificial intelligence capabilities. Meanwhile, imports of industrial goods, including petroleum and petroleum products, decreased by 3.7 billion US dollars from the previous month. The report shows that the number of barrels of crude oil imported from the US was less than the previous month. Exports of industrial goods fell by $1 billion.