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.

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.