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.
| Deficit: | $59.6 Billion | –23.8%° |
| Exports: | $280.8 Billion | +0.1%° |
| Imports: | $340.4 Billion | –5.1%° |
|
Next release: To be determined. Report delayed due to recent lapse in federal funding. (°) Statistical significance is not applicable or not measurable. Data adjusted for seasonality but not price changes Source: U.S. Census Bureau, U.S. Bureau of Economic Analysis; U.S. International Trade in Goods and Services, November 19, 2025 |
||
Exports, Imports, and Balance (exhibit 1)
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.
The August decrease in the goods and services deficit reflected a decrease in the goods deficit of $18.1 billion to $85.6 billion and an increase in the services surplus of $0.5 billion to $26.1 billion.
Year-to-date, the goods and services deficit increased $142.5 billion, or 25.0 percent, from the same period in 2024. Exports increased $108.4 billion or 5.1 percent. Imports increased $250.9 billion or 9.2 percent.
Three-Month Moving Averages (exhibit 2)
The average goods and services deficit decreased $3.9 billion to $65.6 billion for the three months ending in August.
- Average exports increased $0.1 billion to $280.4 billion in August.
- Average imports decreased $3.7 billion to $346.0 billion in August.
Year-over-year, the average goods and services deficit decreased $9.0 billion from the three months ending in August 2024.
- Average exports increased $8.6 billion from August 2024.
- Average imports decreased $0.4 billion from August 2024.
Exports (exhibits 3, 6, and 7)
Exports of goods decreased $0.5 billion to $179.0 billion in August.
Exports of goods on a Census basis decreased $0.3 billion.
- Consumer goods decreased $1.5 billion.
- Pharmaceutical preparations decreased $1.2 billion.
- Industrial supplies and materials decreased $0.6 billion.
- Nonmonetary gold decreased $1.1 billion.
- Crude oil increased $0.8 billion.
- Automotive vehicles, parts, and engines decreased $0.4 billion.
- Capital goods increased $2.4 billion.
- Computers increased $2.3 billion.
Net balance of payments adjustments decreased $0.2 billion.
Exports of services increased $0.8 billion to $101.8 billion in August.
- Travel increased $0.3 billion.
- Maintenance and repair services increased $0.2 billion.
- Charges for the use of intellectual property increased $0.2 billion.
Imports (exhibits 4, 6, and 8)
Imports of goods decreased $18.6 billion to $264.6 billion in August.
Imports of goods on a Census basis decreased $18.7 billion.
- Industrial supplies and materials decreased $11.3 billion.
- Nonmonetary gold decreased $9.3 billion.
- Consumer goods decreased $3.7 billion.
- Jewelry decreased $0.8 billion.
- Pharmaceutical preparations decreased $0.7 billion.
- Capital goods decreased $3.4 billion.
- Computer accessories decreased $1.3 billion.
- Telecommunications equipment decreased $1.1 billion.
- Computers increased $2.3 billion.
- Foods, feeds, and beverages decreased $1.6 billion.
Net balance of payments adjustments increased less than $0.1 billion.
Imports of services increased $0.3 billion to $75.8 billion in August.
- Other business services increased $0.1 billion.
- Telecommunications, computer, and information services increased $0.1 billion.
- Travel increased $0.1 billion.
- Transport decreased $0.1 billion.
Real Goods in 2017 Dollars – Census Basis (exhibit 11)
The real goods deficit decreased $17.1 billion, or 16.9 percent, to $83.7 billion in August, compared to a 17.9 percent decrease in the nominal deficit.
- Real exports of goods decreased $0.6 billion, or 0.4 percent, to $145.5 billion, compared to a 0.2 percent decrease in nominal exports.
- Real imports of goods decreased $17.7 billion, or 7.2 percent, to $229.1 billion, compared to a 6.6 percent decrease in nominal imports.
Revisions
Revisions to July exports
- Exports of goods were revised up $0.1 billion.
- Exports of services were revised up less than $0.1 billion.
Revisions to July imports
- Imports of goods were revised down less than $0.1 billion.
- Imports of services were revised up less than $0.1 billion.
Goods by Selected Countries and Areas: Monthly – Census Basis (exhibit 19)
The August figures show surpluses, in billions of dollars, with Netherlands ($5.1), South and Central America ($4.9), Hong Kong ($1.7), Australia ($1.6), Brazil ($1.2), Singapore ($0.9), United Kingdom ($0.8), Belgium ($0.5), and Saudi Arabia ($0.3). Deficits were recorded, in billions of dollars, with Mexico ($16.3), China ($15.4), Vietnam ($14.4), Taiwan ($12.2), European Union ($8.1), Japan ($5.7), South Korea ($5.0), India ($4.8), Germany ($4.6), Canada ($3.0), Ireland ($3.0), Malaysia ($1.8), Italy ($1.6), France ($1.2), Israel ($0.4), and Switzerland ($0.1).
- The deficit with Switzerland decreased $7.6 billion to $0.1 billion in August. Exports increased $0.8 billion to $3.7 billion and imports decreased $6.8 billion to $3.8 billion.
- The deficit with Canada decreased $2.4 billion to $3.0 billion in August. Exports increased $0.7 billion to $26.8 billion and imports decreased $1.7 billion to $29.7 billion.
- The surplus with the United Kingdom decreased $0.9 billion to $0.8 billion in August. Exports decreased $0.8 billion to $6.5 billion and imports increased $0.1 billion to $5.6 billion.
All statistics referenced are seasonally adjusted; statistics are on a balance of payments basis unless otherwise specified. Additional statistics, including not seasonally adjusted statistics and details for goods on a Census basis, are available in exhibits 1-20b of this release. For information on data sources, definitions, and revision procedures, see the explanatory notes in this release. The full release can be found at www.census.gov/foreign-trade/Press-Release/current_press_release/index.html or www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services. The full schedule is available in the Census Bureau’s Economic Briefing Room at www.census.gov/economic-indicators/ or on BEA’s website at www.bea.gov/news/schedule.
Next release: To be determined. See Notice below.
U.S. International Trade in Goods and Services, September 2025
Updates to the Release Schedule
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis are working to update our respective schedules of economic releases, which were affected by the government shutdown. We are consulting with data suppliers to determine the availability of data used to produce our economic indicators. We will publish updated release dates as soon as they are available at www.census.gov/foreign-trade/schedule.html and www.bea.gov/news/schedule.
