U.S. Trade Deficit Narrows Slightly in August


Total August exports of $189.2 billion and imports of $228.0 billion resulted in a goods and services deficit of $38.8 billion, up from $38.6 billion in July, revised. Exports declined 0.1 percent compared to July while imports were flat.

In August, the goods deficit increased $0.1 billion from July to $58.2 billion, and the services surplus was virtually unchanged at $19.4 billion. Exports of goods decreased $0.3 billion to $132.4 billion, and imports of goods decreased $0.1 billion to $190.7 billion. Exports of services increased $0.1 billion to $56.8 billion, and imports of services increased $0.2 billion to $37.4 billion.

The goods and services deficit decreased $5.2 billion from August 2012 to August 2013. Exports were up $7.2 billion, or 3.9 percent, and imports were up $1.9 billion, or 0.9 percent.

The July to August decrease in exports of goods reflected decreases in industrial supplies and materials ($1.3 billion) and foods, feeds, and beverages ($0.4 billion). Increases occurred in automotive vehicles, parts, and engines ($0.7 billion); consumer goods ($0.3 billion); capital goods ($0.2 billion); and other goods ($0.2 billion).

The July to August decrease in imports of goods reflected decreases in consumer goods ($0.8 billion); automotive vehicles, parts, and engines ($0.2 billion); and industrial supplies and materials ($0.2 billion). Increases occurred in capital goods ($1.0 billion) and other goods ($0.1 billion). Foods, feeds, and beverages were virtually unchanged.


U.S. Trade Deficit Narrows Slightly in August


U.S. Bureau of Economic Analysis | anna@tradingeconomics.com
10/24/2013 1:42:04 PM