by Risk calculated on 05/10/2022 08:38:00
From the Ministry of Commerce reported:
The US Census Bureau and the US Bureau of Economic Analysis reported today that the goods and services deficit was $67.4 billion in Augustdown $3.1 billion from $70.5 billion in July, revised.
August exports were $258.9 billion, down $0.7 billion from July exports. August imports were $326.3 billion, down $3.7 billion from July imports.
Click on the graphic to enlarge the image.
Exports rose and imports fell in August.
Exports increased by 20% year-on-year; imports are up 14% year-on-year.
Imports and exports fell sharply due to COVID-19 and have now rebounded.
The second chart shows the US trade deficit, with and without oil.
The blue line is the total deficit, the black line is the oil deficit and the red line is the trade deficit excluding oil products.
It should be noted that net imports and exports of petroleum products are close to zero.
The trade deficit with China increased to $37.4 billion in August from $21.7 billion a year ago.
The trade deficit was slightly lower than the consensus forecast.