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October 05, 2021US TRADE BALANCE, AUGUST 2021 Month over month (Aug-21 vs Jul-21)
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the month-over-month net trade deficit widened by $2.9 billion to $73.3 billion. The goods trade deficit widened by $1.6 billions to $89.4 billion, and the services trade surplus narrowed by $1.4 billion to $16.2 billion.
Total exports increased 0.5% ($1.0 billion) to $213.7 billion. Exports of goods increased 0.7% ($1.1 billion) to $149.7 billion, and exports of services decreased 0.1% (-$0.067 billion) to $64.0 billion.
Total imports increased 1.4% ($4.0 billion) to $287.0 billion. Imports of goods increased 1.1% ($2.7 billion) to $239.1 billion, and imports of services increased 2.8% ($1.3 billion) to $47.9 billion.
Year over year (Aug 2021 vs Aug 2020)
In the United States, the net trade deficit widened by $9.5 billion. The net trade goods deficit widened by $6.4 billion, and the net trade services surplus narrowed by $3.1 billion.
Total exports increased 22.6% ($39.5 billion). Exports of goods increased 25.8% ($30.7 billion), and exports of services increased 15.8% ($8.7 billion).
Total imports increased 20.6% ($49.0 billion). Imports of goods increased 18.4% ($37.2 billion), and imports of services increased 32.7% ($11.8 billion).
REFERENCES
U.S. Census Bureau and U.S. Bureau of Economic Analysis, retrieved from FRED, Federal Reserve Bank of St. Louis;
Press release Data
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