The U.S. trade deficit in goods and services hit an all-time high in August, increasing 4.1 percent to $73.3 billion. According to statistics from the Department of Commerce, imports rose 1.4 percent to a record $287.0 billion while exports edged up 0.5 percent to $213.7 billion.
The year-to-date deficit was up 33.7 percent from August 2020 as exports increased 17.5 percent and imports jumped 21.2 percent.
The deficit in goods trade grew 1.8 percent in August to $89.4 billion. Imports of goods rose 1.1 percent to $239.1 billion, including increases of $2.2 billion for pharmaceutical preparations, $800 million for organic chemicals, and $600 million for toys, games, and sporting goods, along with a $1.3 billion decrease for passenger cars. Exports of goods were up 0.7 percent to a record $149.7 billion, including increases of $1.6 billion in non-monetary gold and $700 million for natural gas along with decreases of $700 million for civilian aircraft and $600 million for corn.
The services surplus fell another 8.0 percent to $16.2 billion, the lowest level in nearly a decade, with imports up 2.8 percent to $47.9 billion and exports down 0.2 percent to $64.0 billion.
|
Country/region
|
Deficit
|
% Change
|
Surplus
|
% Change
|
|
China
|
$28.1 billion
|
+12.4
|
|
|
|
European Union
|
$19.3 billion
|
+6.6
|
|
|
|
Mexico
|
$6.6 billion
|
-22.4
|
|
|
|
Germany
|
$5.8 billion
|
+3.6
|
|
|
|
Japan
|
$5.6 billion
|
-6.7
|
|
|
|
Canada
|
$5.1 billion
|
+41.7
|
|
|
|
Taiwan
|
$3.6 billion
|
+5.9
|
|
|
|
Italy
|
$3.1 billion
|
-11.4
|
|
|
|
South Korea
|
$3.1 billion
|
+47.6
|
|
|
|
India
|
$3.0 billion
|
+7.1
|
|
|
|
France
|
$1.4 billion
|
-33.3
|
|
|
|
Saudi Arabia
|
$0.6 billion
|
+100
|
|
|
|
South/Central America
|
|
|
$5.7 billion
|
+9.6
|
|
Hong Kong
|
|
|
$2.2 billion
|
-4.3
|
|
Brazil
|
|
|
$2.1 billion
|
+50.0
|
|
Singapore
|
|
|
$1.0 billion
|
-23.1
|
|
United Kingdom
|
|
|
$0.8 billion
|
+166.7
|
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