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October 05, 2022US TRADE BALANCE, AUGUST 2022 Month over month (August 2022 vs July 2022)
The US net trade deficit narrowed by $3.1 billion to $67.4 billion. The net goods deficit narrowed by $3.4 billion to $87.6 billion. The net services surplus narrowed by $0.4 billion to $20.2 billion.
Total exports decreased $0.7 billion to $258.9 billion. Exports of goods decreased $0.7 billion to $182.5 billion. Exports of services were essentially unchanged at $76.4 billion.
Total imports decreased $3.7 billion to $326.3 billion. Imports of goods decreased $4.1 billion to $270.1 billion. Imports of services increased $0.4 billion to $56.2 billion.
Year over year (August 2022 vs August 2021)
The US net trade deficit narrowed by $4.0 billion. The net goods deficit narrowed by $1.1 billion. The net services surplus widened by $3.0 billion.
Total exports increased $43.1 billion. Exports of goods increased $33.0 billion. Exports of services increased $10.1 billion.
Total imports increased $39.0 billion. Imports of goods increased $31.9 billion. Imports of services increased $7.1 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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