U.S. International Trade in Goods and Services, August 2025 | U.S. Bureau of Economic Analysis (BEA)

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.

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.
  • Non-monetary 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.

Treatment of Gold in BEA's International and National Economic Accounts

When incorporating the statistics in this release into BEA’s National Economic Accounts, including Gross Domestic Product, or GDP, BEA replaces exports and imports of non-monetary gold with an adjustment calculated as the difference between domestic production and industrial use of gold. For additional information, see “How are exports and imports of gold recorded in BEA’s International Economic Accounts?” and “How are exports and imports of non-monetary gold treated in BEA’s National Economic Accounts?”.

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 by 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 by less than $0.1 billion.

Revisions to July imports

• Imports of goods were revised down by less than $0.1 billion.
• Imports of services were revised up by 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.