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June 22, 2023US CURRENT ACCOUNT 2023Q1 
In 2023Q1 vs 2022Q4, the Net current account deficit widened by $3.1 billion to $219.3 billion
- the Net goods and services deficit narrowed by $12.5 billion to $201.0 billion
- the Net primary income surplus narrowed by $6.8 billion to $31.3 billion
- the Net secondary income deficit widened by $8.9 billion to $49.6 billion
In 2023Q1, exports of services increased by 1.5% ($3.5 billion) to $244.3 billion, while imports of services increased by 1.1% ($2.0 billion) to $182.2 billion. As a result, net services surplus widened by $1.5 billion to $62.1 billion.
In 2023Q1, goods exports increased 1.7% ($8.9 billion) to $526.6 billion, and goods imports decreased 0.3% (-$2.1 billion) to $789.7 billion. As a result, the net goods deficit decreased by $11.0 billion to $263.1 billion.
Source: United States Bureau of Economic Analysis retrieved from the Federal Bank of St. Louis
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