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January 14, 2026US CURRENT ACCOUNT Q3 2025 
The US current account deficit narrowed by $22.8 billion from Q2 2025 to Q3 2025, declining to $226.4 billion.
- The US deficit in goods trade narrowed by $3.1 billion to $267.4 billion
- The US surplus in services trade grew by $8.6 billion to $89.2 billion
- The US primary income switched from a deficit of $5.8 billion to a surplus of $5.2 billion
- The US deficit in secondary income flows shrunk by $0.2 billion to $53.5 billion
In Q3 2025, US goods exports declined by $1.9 billion to $548.0 billion, while US goods imports decreased by $5.0 billion to $815.4 billion, resulting in a deficit of $267.4 billion.
In Q3 2025, US services exports increased $11.7 billion to $314.2 billion, while services imports increased $3.1 billion to $225.0 billion.
In Q3 2025, US primary income payments increased $5.3 billion to $390.0 billion, while primary income receipts increased $16.3 billion to $395.2 billion.
In Q3 2025, US secondary income receipts decreased $2.0 billion to $44.4 billion while US secondary income payments decreased $2.1 billion to $97.9 billion.
Source: US Bureau of Economic Analysis retrieved from the Federal Bank of St. Louis
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