Watch Now


U.S. exports decline slightly in October

The Commerce Department reported Friday that U.S. exports of goods and services fell in October to $184.1 billion from $186.8 billion in September.

   U.S. exports of goods and services fell in October to $184.1 billion from $186.8 billion in September, according to the U.S. Department of Commerce. 
   Commerce said Friday services exports, however, increased for the sixth consecutive month to reach $60.3 billion in October. This increase was specifically led by rising exports of transport and financial services. Services exports are up $5.7 billion year-to-date.
   The Obama administration is pressing the benefits of the Trans-Pacific Partnership as a way to further boost U.S. exports of goods and services. 
   “Implementing trade agreements like the Trans-Pacific Partnership is critical in ensuring that U.S. businesses can compete on a level playing field in some of the world’s fastest-growing markets,” said Undersecretary of Commerce for International Trade Stefan M. Selig in a statement.
   Combined, the current 12 TPP members represent nearly 40 percent of the global GDP.

Chris Gillis

Located in the Washington, D.C. area, Chris Gillis primarily reports on regulatory and legislative topics that impact cross-border trade. He joined American Shipper in 1994, shortly after graduating from Mount St. Mary’s College in Emmitsburg, Md., with a degree in international business and economics.