International Trade Gap Widened 6.4 percent in August

The U.S. international trade deficit widened in August, rising 6.4 percent to $53.2 billion, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Imports rose 0.6 percent, while exports fell 0.8 percent. July’s trade deficit was downwardly revised from $50.1 billion to $50.0 billion.

The goods deficit increased 4.8 percent to $76.7 billion, while the services surplus increased 1.7 percent to $23.1 billion.

Exports of goods decreased 1.3 percent to $138.9 billion in August. Exports of services were virtually unchanged at $70.5 billion.

Imports of goods increased 0.8 percent to $215.6 billion. Imports of services fell 0.3 percent to $47.0 billion.

Read the Census/BEA release.

About Jack McCabe

Jack McCabe is a research associate in the Economic Policy and Research group at the ABA.
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