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June 23, 2022US CURRENT ACCOUNT 2022Q1 
In 2022Q1, the US net current account deficit widened by $66.6 billion over 2021Q4 billion to -$291.4 billion
- the Net goods and services deficit widened by $58.8 billion to -$283.8 billion
- the Net primary income surplus narrowed by $3.6 billion to $33.4 billion
- the Net secondary income deficit widened by $4.2 billion to -$41.0 billion
US exports of services increased by 2.0% ($4.3 billion) while imports of services increased by 3.8% ($5.8 billion). The net trade surplus in services narrowed by $1.5 billion to $58.5 billion in Q1 2022.
US exports of goods increased by 2.9% ($13.9 billion) while imports of goods increased by 9.4% ($71.1 billion). The net trade deficit in goods widened by $57.2 billion to -$342.2 billion in Q1 2022.
Source: United States Bureau of Economic Analysis retrieved from the Federal Bank of St. Louis
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