The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced Thursday that the goods and services deficit was $58.3 billion in August, down $6.4 billion from $64.7 billion in July, revised.
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.
The deficit with Vietnam decreased $1.3 billion to $8.0 billion in August. Exports increased less than $0.1 billion to $0.8 billion and imports decreased $1.3 billion to $8.7 billion.
The deficit with China decreased $1.3 billion to $22.7 billion in August. Exports decreased $0.2 billion to $10.9 billion and imports decreased $1.4 billion to $33.7 billion.
The deficit with France increased $1.9 billion to $2.3 billion in August. Exports decreased $0.7 billion to $3.4 billion and imports increased $1.2 billion to $5.7 billion.
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