by Calculated Risk on 11/19/2025 08:43:00 AM
The Census Bureau and the Bureau of Economic Analysis reported:
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today
that the goods and services deficit was $59.6 billion in August, down $18.6 billion from $78.2 billion in July,
revised.August exports were $280.8 billion, $0.2 billion more than July exports. August imports were $340.4
billion, $18.4 billion less than July imports.
emphasis added
Click on graph for larger image.
Exports increased slightly and imports decreased in August.
Exports were up 1.9% year-over-year; imports were down 1.9% year-over-year.
Imports increased sharply earlier this year as importers rushed to beat tariffs.
The second graph shows the U.S. trade deficit, with and without petroleum.
The blue line is the total deficit, and the black line is the petroleum deficit, and the red line is the trade deficit ex-petroleum products.
Note that net, exports of petroleum products are positive and have been increasing.
The trade deficit with China decreased to $18.9 billion from $27.8 billion a year ago.
