The US Trade Deficit In August Was US $60 Billion 280 Million.
Wednesday (October 5th) announced by the US Department of Commerce, August
Trade
The deficit was $40 billion 730 million, higher than the estimated $39 billion 300 million and $39 billion 550 million in July.
The increase in the US trade deficit was mainly offset by the increase in imports.
Imports rose from $225 billion 930 million in July to $228 billion 580 million in August, hitting the highest level since September 2015.
Exports increased from $186 billion 380 million in July to $187 billion 850 million, the highest since July 2015.
In addition, from the data point of view, the US export sector has begun to shake off the negative effects brought by the strong US dollar in the past two years.
Its trade deficit has dropped markedly from 44 billion 640 million US dollars in the same period last year.
This year, from January to August, the US trade deficit totaled 330 billion 740 million US dollars, compared with 335 billion 80 million US dollars in the same period last year.
Project breakdown, August us
commodity
The trade deficit amounted to $60 billion 280 million, a slight reduction compared with $60 billion 330 million in July, while the surplus in service trade also dropped from $20 billion 780 million in July to $19 billion 560 million.
Major trade in the United States
market
The biggest trade deficit with China was $33 billion 853 million in August, followed by the European Union's $13 billion 893 million.
Mexico and Canada were $5 billion 275 million and $1 billion 86 million respectively.
The trade deficit between the United States and Japan and OPEC was reduced compared with that in July, and in August, they were 5 billion 973 million US dollars and 1 billion 68 million US dollars respectively.
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