Skip Header

We are hiring thousands of people for the 2020 Census. Click to learn more and apply.

Trade deficit unchanged in August

Thu Oct 13 2011
Janet Freas
Component ID: #ti861588036

U.S. Trade in August

Component ID: #ti881616081

The Nation’s international trade deficit in goods and services was virtually unchanged at $45.6 billion in August, as exports and imports decreased. Exports decreased to $177.6 billion in August from $177.7 billion in July (revised), and imports decreased to $223.2 billion in August from $223.3 billion in July.

Component ID: #ti881616082

Even though August’s trade activity was flat, there were some noteworthy highlights.  August exports of services ($50.9 billion) were the highest on record, boosting the surplus of services ($15.8 billion) to its highest on record.

Component ID: #ti881616083

Trade of goods on a Census Basis (seasonally adjusted) saw record highs in August.  Exports of goods ($125.4 billion), petroleum exports ($10.3 billion), and exports to Mexico ($17.8 billion) were the highest on record.

Component ID: #ti881616084

Imports from China continue to increase; August imports from China increased $2.2 billion to $37.4 billion, resulting in both an import record and deficit ($29.0 billion) record high.  In August, China was the U.S.’s largest importer, the second largest total trading partner ($45.8 billion); and third largest exporting trading partner ($8.4 billion). (See top trading partners.)

August imports from China consisted primarily of computers; other household goods; toys, games, and sporting goods; computer accessories; nonwool or cotton apparel and textiles; and footwear.

X
  Is this page helpful?
Thumbs Up Image Yes    Thumbs Down Image No
X
Comments or suggestions?
No, thanks
255 characters remaining
X
Thank you for your feedback.
Comments or suggestions?
Back to Header