U.S. International Trade in Goods and Services, August 2024

August 2024
-$70.4 B
July 2024
-$78.9 B

The U.S. monthly international trade deficit decreased in August 2024 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $78.9 billion in July (revised) to $70.4 billion in August, as exports increased and imports decreased. The goods deficit decreased $8.4 billion in August to $94.9 billion. The services surplus increased $0.1 billion in August to $24.4 billion.

  • Current Release: October 8, 2024
  • Next release: November 5, 2024

What is Trade in Goods and Services?

Trade in goods and services between U.S. residents and residents of other countries each month. U.S. sales are exports and U.S. purchases are imports. The difference between the exports and imports is the trade balance. 

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