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Story perspectives

September Trade: Exports Surge Globally, U.S. Declines

10/14/2025

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Story summary
  • Exports rose 8.3% and imports rose 7.4% in September 2025, surpassing expectations.
  • Exports to the United States fell 27%, continuing a six-month decline.
  • Exports to Southeast Asia rose 15.6% and to Africa 56%, signaling market diversification.
  • Trade officials warn the external environment remains challenging due to tariffs and export controls, while domestic demand weakens from high youth unemployment and a troubled real estate market.