Official Publication Edition · GDP
Source-grounded publication
The real goods deficit decreased $8.6 billion, or 8.9 percent, to $88.6 billion in August, compared to an 8.5 percent decrease in the nominal deficit.
Exports of services increased $0.9 billion to $92.3 billion in August.
Source
U.S. International Trade in Goods and Services, August 2024
Sections
Publication sections
Key evidence
The source reports an amount on a billion scale for the stated scope: Net balance of payments adjustments decreased $0.2 billion. The source reports an amount on a billion scale for the stated scope: Imports of goods on a Census basis decreased $3.8 billion. The source reports an amount on a billion scale for the stated scope: Imports increased $126.1 billion or 4.9 percent.
The source directly compares reported values for the stated scope: Bureau of Economic Analysis announced today that the goods and services deficit was $70.4 billion in August, down $8.5 billion from $78.9 billion in July, revised. The source reports an amount on a billion scale for the stated scope: Exports increased $79.0 billion or 3.9 percent. The source reports an amount on a billion scale for the stated scope: Exports of goods on a Census basis increased $4.9 billion.
The source directly compares reported values for the stated scope: Imports of services increased $0.7 billion to $67.9 billion in August. The source reports an amount on a billion scale for the stated scope: Year-to-date, the goods and services deficit increased $47.1 billion, or 8.9 percent, from the same period in 2023. The source reports an amount on a billion scale for the stated scope: Net balance of payments adjustments decreased $0.5 billion.
The source directly compares reported values for the stated scope: The August decrease in the goods and services deficit reflected a decrease in the goods deficit of $8.4 billion to $94.9 billion and an increase in the services surplus of $0.1 billion to $24.4 billion. The source reports an amount on a billion scale for the stated scope: Year-over-year, the average goods and services deficit increased $11.1 billion from the three months ending in August 2023.
The source directly compares reported values for the stated scope: Exports of goods increased $4.4 billion to $179.4 billion in August. The source directly compares reported values for the stated scope: August exports were $271.8 billion, $5.3 billion more than July exports.
Verified evidence
Publication data points
| Label | Value | Unit | Period |
|---|---|---|---|
| Net balance of payments adjustments decreased $0.2 billion. | 0.2 | billion | — |
| Imports of goods on a Census basis decreased $3.8 billion. | 3.8 | billion | — |
| Imports increased $126.1 billion or 4.9 percent. | 126.1 | billion | — |
| Exports increased $79.0 billion or 3.9 percent. | 79 | billion | — |
| Exports of goods on a Census basis increased $4.9 billion. | 4.9 | billion | — |
| Year-to-date, the goods and services deficit increased $47.1 billion, or 8.9 percent, from the same period in 2023. | 47.1 | billion | — |
| Net balance of payments adjustments decreased $0.5 billion. | 0.5 | billion | — |
| Year-over-year, the average goods and services deficit increased $11.1 billion from the three months ending in August 2023. | 11.1 | billion | — |
Source and methodology
Source: the retained official publication. Method: normalized statements from section generic-text presented as reported, without recomputation.
Caveats
- Evidence boundary: This edition is limited to claims retained from the linked official publication.
Corrections
Correction state: none