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September 22, 2022US CURRENT ACCOUNT 2022Q2
In 2022Q2, the US net current account deficit narrowed by $40.3 billion over 2022Q1 billion to $251.1 billion.
- the Net goods and services deficit narrowed by $30.3 billion to $253.4 billion
- the Net primary income surplus widened by $10.2 billion to $43.6 billion
- the Net secondary income deficit widened by $0.3 billion to $41.3 billion
US exports of services increased by 3.7% ($8.0 billion) while imports of services increased by 5.9% ($9.4 billion). The net trade surplus in services narrowed by $1.4 billion to $57.1 billion in Q2 2022.
US exports of goods increased by 10.8% ($52.4 billion) while imports of goods increased by 2.5% ($20.7 billion). The net trade deficit in goods narrowed by $31.7 billion to $310.5 billion in Q2 2022.
Source: United States Bureau of Economic Analysis retrieved from the Federal Bank of St. Louis
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