WASHINGTON – The U.S. international trade deficit declined by $2.5 billion to $44.0 billion in September on lower imports, the Commerce Department reported Wednesday.
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The deficit in August was revised higher to $46.5 billion from the $46.3 billion reported last month.
Economists expected the trade deficit would increase to $45.4 billion for the month, according to the median estimate from Thomson Reuters.
September exports of goods and services increased by $500 million, or 0.3%, reaching the highest level since August 2008.
Imports declined by 1.0%, or $2.0 billion. Still, imports of foods and beverages hit a record high as well as imports of capital goods.
