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June 19, 2020US CURRENT ACCOUNT Q1 2020 
The US Bureau of Economic Analysis reported that in 2020Q1,
- the Current account trade deficit narrowed by $0.1 billion to $104.2 billion over 2019Q4, and narrowed by 17.7% ($22.4 billion) over 2019Q1.
- the G&S trade deficit narrowed by $10.7 billion to $119.1 billion over 2019Q4, and narrowed by 18.0% ($26.2 billion) over 2019Q1.
- the Goods trade deficit narrowed by $10.2 billion to $192.3 billion over 2019Q4, and narrowed by 11.0% ($23.8 billion) over 2019Q1.
- the Services trade surplus widened by $0.5 billion to $73.3 billion over 2019Q4, and widened by 3.4% ($2.4 billion) over 2019Q1.
- the Primary trade surplus narrowed by $9.5 billion to $52.5 billion over 2019Q4, and narrowed by 1.5% ($0.8 billion) over 2019Q1.
- the Secondary trade deficit widened by $1.1 billion to $37.6 billion over 2019Q4, and widened by 8.5% ($3.0 billion) over 2019Q1.
The US Bureau of Economic Analysis reported that in 2020Q1,
- Exports Goods trade narrowed by 2.0% ($8.4 billion) over 2019Q4, and narrowed by 3.8% ($16.1 billion) over 2019Q1, to $403.0 billion.
- Imports Goods trade narrowed by 3.0% ($18.6 billion) over 2019Q4, and narrowed by 6.3% ($39.9 billion) over 2019Q1, to $595.3 billion.
- As a result, Goods trade deficit narrowed by $10.2 billion to $192.3 billion
The US Bureau of Economic Analysis reported that in 2020Q1,
- Exports Services trade narrowed by 5.27% ($11.7 billion) over 2019Q4, and narrowed by 2.7% ($5.7 billion) over 2019Q1, to $209.4 billion.
- Imports Services trade narrowed by 8.2% ($12.2 billion) over 2019Q4, and narrowed by 5.6% ($8.1 billion) over 2019Q1, to $136.1 billion.
- As a result, Services trade surplus widened by $0.5 billion to $73.3 billion
Current Account as a % of GDP
The US Bureau of Economic Analysis reported that BOP as a % of GDP was -1.9% in 2020Q1.
BEA QUOTE
"The U.S. current account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, narrowed by $0.1 billion, or 0.1 percent, to $104.2 billion in the first quarter of 2020, according to statistics from the U.S. Bureau of Economic Analysis (BEA). The revised fourth quarter deficit was $104.3 billion. The first quarter deficit was 1.9 percentage of current dollar gross domestic product, up less than 0.1 percentage point from the fourth quarter."
Source: United States Bureau of Economic Analysis
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