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US Trade Balance: Difference between revisions
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== Developments Trade Balance == | |||
=== August 2023 === | |||
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced that the goods and services deficit was $58.3 billion in August, down $6.4 billion from $64.7 billion in July, revised<ref>https://www.bea.gov/sites/default/files/2023-10/trad0823.pdf</ref> | |||
* August exports were $256.0 billion, $4.1 billion more than July exports. August imports were $314.3 billion, $2.3 billion less than July imports. | |||
* The August decrease in the goods and services deficit reflected a decrease in the goods deficit of $5.5 billion to $84.5 billion and an increase in the services surplus of $1.0 billion to $26.2 billion. | |||
* Year-to-date, the goods and services deficit decreased $137.6 billion, or 20.7 percent, from the same period in 2022. Exports increased $22.0 billion or 1.1 percent. Imports decreased $115.6 billion or 4.3 percent | |||