2025.11.1913:36:49UTC+00US Trade Gap Narrows in August

In August 2025, the U.S. trade deficit contracted to $59.6 billion, down from $78.2 billion in July, surpassing expectations of a $61 billion shortfall. Imports fell by 5.1%, totaling $340.4 billion, primarily due to a $9.3 billion decrease in nonmonetary gold. Additional declines were observed in imports of food, beverages, computer accessories, telecommunications equipment, jewelry, and transportation. Conversely, there was an upswing in acquisitions of computers, pharmaceutical products, telecommunications, computer and information services, and travel services. At the same time, exports experienced a modest 0.1% increase, reaching $280.8 billion, marking the highest level in four months. This rise was fueled by computers, crude oil, travel, maintenance and repair services, and charges for intellectual property use. However, there was a downturn in the export of pharmaceutical products, nonmonetary gold, and automobiles. Regarding major trading partners, the trade deficit with China expanded slightly, showed little change with Mexico, and decreased with Vietnam, Taiwan, and the European Union.