The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
October 06, 2020US TRADE BALANCE, AUGUST 2020 The US goods and services deficit was $67.1 billion in August 2020, $3.7 billion wider than the revised July 2020 estimate of $63.4 billion.
The US goods trade deficit widened by $3.0 billion to $83.9 billion in August 2020, while the US services trade surplus narrowed by $0.7 billion to $16.8 billion.
Both exports and imports increased for the third consecutive month in August as COVID-related restrictions eased, but both remain below pre-pandemic levels.
US exports of goods and services increased to $171.9 billion in August 2020, up 2.2 per cent ($3.6 billion) over July 2020. US exports of goods and services were $209.7 billion in February 2020.
Exports of goods increased 3.0 per cent ($3.5 billion) from July to $119.1 billion in August. US goods exports were $138.5 billion in February.
US services exports increased 0.3 per cent ($0.1 billion) from July to $52.8 billion in August. US services exports were $71.2 billion in February.
US imports of goods and services increased to $239.0 billion in August, up 3.2 per cent ($7.4 billion) from July. US imports of goods and services were $246.7 billion in February.
US goods imports increased 3.3 per cent ($6.5 billion) from July to $203.0 billion in August. US goods imports were $198.2 billion in February.
Service imports to the US were $36.1 billion in August, up 2.4 per cent ($0.8 billion) from July. US services imports were $48.4 billion in February.
On a year-to-date basis, the US trade deficit is up $22.6 billion compared to Jan-Aug 2019, to $421.8 billion for Jan-Aug 2020. Compared to the same months a year ago, the goods trade deficit narrowed by $14.2 billion to $575.8 billion for Jan-Aug 2020, while the services trade surplus narrowed by $36.7 billion to $153.9 billion.
Source: US Census Bureau, US Bureau of Economic Analysis
<--- Return to Archive
