Overview
- Exports rose to $289.3 billion and imports to $342.1 billion, leaving a $79.0 billion goods deficit and a $26.2 billion services surplus.
- September’s improvement was the smallest monthly shortfall since 2020, aided by gains in consumer goods and non‑monetary gold.
- Despite the monthly narrowing, the January–September 2025 deficit reached $765.138 billion, roughly 27% higher than a year earlier.
- Census data show Mexico, Canada, and China ceded import‑market share into the U.S. in the first nine months of 2025, with U.S. imports from China down 24.7% to $242.4 billion.
- U.S.–Mexico trade cooled in September as Mexican exports to the U.S. slipped to $44.578 billion (down 1.3% m/m) and Mexico’s imports from the U.S. fell to $27.196 billion (down 7.0% m/m).