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September 23, 2025US CURRENT ACCOUNT Q2 2025 
The US current account deficit narrowed by $188.5 billion from Q1 2025 to Q2 2025, declining to $251.3 billion
- the US deficit in goods trade narrowed by $195.8 billion to $270.0 billion,
- the US surplus in services trade narrowed by $0.7 billion to $79.6 billion,
- the US deficit in primary income widened by $5.1 billion to $7.7 billion,
- the US deficit in secondary income flows widened by $1.5 billion to $53.2 billion.
In Q2 2025, US goods exports increased by $11.3 billion to $550.2 billion, while US goods imports decreased by $184.5 billion to $820.2 billion, resulting in a deficit $270.0 billion.
In Q2 2025, US services exports increased $2.1 billion to $301.6 billion, while services imports increased $2.8 billion to $222.0 billion.
In Q2 2025, US primary income payments increased $22.8 billion to $383.8 billion, while primary income receipts increased $17.8 billion to $376.1 billion.
In Q2 2025, US secondary income receipts decreased $2.6 billion to $45.9 billion while US secondary income payments decreased $1.0 billion to $99.2 billion.
Source: US Bureau of Economic Analysis retrieved from the Federal Bank of St. Louis
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