The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced that the goods and services deficit was $59.6 billion in August, down $18.6 billion from $78.2 billion in July.

August exports were $280.8 billion, $0.2 billion more than July exports. August imports were $340.4 billion, $18.4 billion less than July imports.

The August decrease in the goods and services deficit reflected a decrease in the goods deficit of $18.1 billion to $85.6 billion and an increase in the services surplus of $0.5 billion to $26.1 billion.

Year-to-date, the goods and services deficit increased $142.5 billion, or 25.0 percent, from the same period in 2024. Exports increased $108.4 billion or 5.1 percent. Imports increased $250.9 billion or 9.2 percent.

The August figures show surpluses, in billions of dollars, with Netherlands ($5.1), South and Central America ($4.9), Hong Kong ($1.7), Australia ($1.6), Brazil ($1.2), Singapore ($0.9), United Kingdom ($0.8), Belgium ($0.5), and Saudi Arabia ($0.3).

Deficits were recorded, in billions of dollars, with Mexico ($16.3), China ($15.4), Vietnam ($14.4), Taiwan ($12.2), European Union ($8.1), Japan ($5.7), South Korea ($5.0), India ($4.8), Germany ($4.6), Canada ($3.0), Ireland ($3.0), Malaysia ($1.8), Italy ($1.6), France ($1.2), Israel ($0.4), and Switzerland ($0.1).

 

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