The US Census Bureau and the US Bureau of Economic Analysis, through the Department of Commerce, announced Thursday that total August exports of $189.2 billion and imports of $228.0 billion resulted in a goods and services deficit of $38.8 billion, up from $38.6 billion in July, revised.
August exports were $0.1 billion less than July exports of $189.3 billion. August imports were virtually unchanged at $228.0 billion. In August, the goods deficit increased $0.1 billion from July to $58.2 billion, and the services surplus was virtually unchanged at $19.4 billion. Exports of goods decreased $0.3
billion to $132.4 billion, and imports of goods decreased $0.1 billion to $190.7 billion. Exports of services increased $0.1 billion to $56.8 billion, and imports of services increased $0.2 billion to $37.4 billion.
The goods and services deficit decreased $5.2 billion from August 2012 to August 2013. Exports were up $7.2 billion, or 3.9 percent, and imports were up $1.9 billion, or 0.9 percent.
The July to August decrease in exports of goods reflected decreases in industrial supplies and materials ($1.3 billion) and foods, feeds, and beverages ($0.4 billion). Increases occurred in automotive vehicles, parts, and engines ($0.7 billion); consumer goods ($0.3 billion); capital goods ($0.2 billion); and other goods ($0.2 billion).
The July to August decrease in imports of goods reflected decreases in consumer goods ($0.8 billion); automotive vehicles, parts, and engines ($0.2 billion); and industrial supplies and materials ($0.2 billion). Increases occurred in capital goods ($1.0 billion) and other goods ($0.1 billion).
