US Trade deficit exceeds $100B per month

The US trade deficit in goods and services widened in August, exceeding $100 billion for the first time since March 2025.

According to data released by the Bureau of Economic Analysis, the increase was driven by a $12.8 billion rise in the goods deficit to $136.6 billion, while the services surplus edged up by less than $100 million to $31 billion.

Since the beginning of the year, the US trade deficit in goods and services fell by $138.2 billion, or 19.9% year-to-date (YTD). Exports rose by $267.7 billion, or 11.8% YTD, while imports increased by $129.5 billion, or 4.4% YTD.

The US recorded its largest trade surpluses in August with the Netherlands at $7.7 billion, South and Central America at $5.6 billion, and the UK at $3.6 billion.

Meanwhile, Mexico posted the largest trade deficit with the US at $27.7 billion, followed by Vietnam ($24 billion), Taiwan ($18.3 billion), China ($16.4 billion), and the EU ($11 billion).