Trade Deficit Widened in August to $40.7 Billion

Washington, DC, October 5, 2016—The goods and services deficit was $40.7 billion in August, up $1.2 billion from $39.5 billion in July, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced through the Department of Commerce

August exports were $187.9 billion, $1.5 billion more than July exports. August imports were $228.6 billion, $2.6 billion more than July imports.

The August increase in the goods and services deficit reflected a decrease in the goods deficit of less than $0.1 billion to $60.3 billion and a decrease in the services surplus of $1.2 billion to $19.6 billion.

Year-to-date, the goods and services deficit decreased $4.3 billion, or 1.3%, from the same period in 2015. Exports decreased $62.4 billion or 4.1%. Imports decreased $66.8 billion or 3.6%.