U.S. trade deficit widens to $105.6 billion in August as imports outpace exports

The U.S. trade deficit in goods and services widened to $105.6 billion in August, the Bureau of Economic Analysis (BEA) said in a post on X on Oct. 6. [1]

The BEA, which prepared the report with the U.S. Census Bureau, said the deficit rose from $92.8 billion in July, a figure that has been revised. Imports increased by more than exports, according to the agencies. [2]

The goods deficit grew by $12.8 billion to $136.6 billion in August, the BEA said. The surplus in services trade rose by less than $0.1 billion to $31.0 billion. [2]

The BEA describes trade in goods and services as the monthly purchases and sales between U.S. residents and residents of other countries. U.S. sales are exports and U.S. purchases are imports, and the difference between the two is the trade balance. [2]

The agencies published the figures on Oct. 6. The next release is scheduled for Nov. 4, according to the BEA. [2]