American ShipperShippingTrade and Compliance

U.S. exports fell 1% in August

· Friday, October 12, 2012

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   The U.S. Commerce Department on Thursday reported the country’s exports fell 1 percent in August to $181.3 billion.
   Imports also declined 0.1 percent to $225.5 billion.
   Overall, the August U.S. trade deficit increased 4.1 percent from July to $44.2 billion.
   The Obama administration said a bright spot in the August trade figures was service exports, which reached an all-time record of $52.8 billion.

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.