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October 06, 2023US TRADE BALANCE, AUGUST 2023 Month over month (August 2023 vs July 2023)
The United States trade deficit narrowed by $6.4 billion to $58.3 billion. The goods deficit narrowed by $5.5 billion to $84.5 billion and, the services surplus widened by $0.96 billion to $26.2 billion.
Total exports increased $4.1 billion to $256.0 billion. Goods exports increased $3.1 billion to $171.5 billion and services exports increased $1.0 billion to $84.5 billion.
Total imports decreased $2.3 billion to $314.3 billion. Goods imports decreased $2.4 billion to $256.0 billion and services imports increased $0.09 billion to $58.4 billion.
Year over year (August 2023 vs August 2022)
The US trade deficit narrowed by $9.0 billion. The goods deficit narrowed by $2.0 billion and, the services surplus widened by $7.1 billion.
Total exports decreased $5.5 billion. Goods exports decreased $11.6 billion and services exports increased $6.1 billion.
Total imports decreased $14.6 billion. Goods imports decreased $13.6 billion and services imports decreased $1.0 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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