US Trade Deficit Widens Further in August

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.