Source: Bureau of Economic Analysis
The US trade deficit continued to widen in August, as imports outpaced exports anew during the month.
- The US trade deficit grew by 4.2% to $73.3 billion in August, up from $70.3 billion in the previous month.
- Exports for the month increased by $1.0 billion to $213.7 billion, with $149.7 billion worth of goods and $64.0 billion worth of services.
- Imports jumped $4.0 billion to $287.0 billion, including $239.1 billion of goods and $47.9 billion of services.
- Surpluses were recorded in the monthly trade with South and Central America, Hong Kong, Brazil, Singapore, and the United Kingdom.
- Deficits were recorded in China, European Union, Mexico, Germany, Japan, Canada, Taiwan, South Korea, Italy, India, France, and Saudi Arabia.
- July exports of goods and services were revised down, while imports of goods and services were revised up.
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