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June 24, 2026US CURRENT ACCOUNT Q1 2026 
The US current account deficit widened by $5.8 billion from Q4 2025 to Q1 2026, reaching $226.8 billion.
- The US deficit in goods trade narrowed by $8.5 billion to $250.9 billion
- The US surplus in services trade expanded by $3.0 billion to $85.1 billion
- The US primary income balance switched from a surplus of $3.4 billion to a deficit of $13.3 billion
- The US deficit in secondary income flows expanded by $0.6 billion to $47.8 billion
In Q1 2026, US goods exports increased by $51.6 billion to $613.3 billion, while US goods imports grew by $43.1 billion to $864.1 billion, resulting in a deficit of $250.9 billion.
In Q1 2026, US services exports increased by $2.8 billion to $317.1 billion, while services imports fell $0.3 billion to $232.0 billion. The US surplus in services trade rose to $85.1 billion in Q1 2026.
In Q1 2026, US primary income receipts decreased $6.1 billion to $396.1 billion, while primary income payments increased $10.6 billion to $409.4 billion. This shifted the US primary income account by $16.7 billion, shifting from a surplus of $3.4 billion to a deficit of $13.3 billion.
In Q1 2026, US secondary income receipts increased $1.7 billion to $58.1 billion while US secondary income payments increased $2.3 billion to $105.9 billion. The US secondary income deficit widened to $47.8 billion.
Source: US Bureau of Economic Analysis retrieved from the Federal Bank of St. Louis
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