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December 18, 2020US CURRENT ACCOUNT Q3 2020 
The US Bureau of Economic Analysis reported that from 2020Q2 to 2020Q3,
- the Current account trade deficit widened by $17.2 billion to $178.5 billion.
- the Goods trade deficit widened by $26.0 billion to $245.6 billion.
- the Services trade surplus narrowed by $3.7 billion to $57.2 billion.
- the Primary trade surplus widened by $14.9 billion to $48.1 billion.
- the Secondary trade deficit widened by $2.3 billion to $38.2 billion.
The US Bureau of Economic Analysis reported that from 2020Q2 to 2020Q3,
- Goods exports increased 23.7% ($68.4 billion) to $357.1 billion.
- Goods imports increased 18.6% ($94.4 billion) to $602.7 billion.
- As a result, Goods trade deficit widened by $26.0 billion to $245.6 billion.
- Services exports increased 1.8% ($2.8 billion) to $164.8 billion.
- Services imports increased 6.5% ($6.5 billion) to $107.7 billion.
- As a result, Services trade surplus narrowed by $3.7 billion to $57.2 billion.
Current Account as a % of GDP
The US Bureau of Economic Analysis reported that current account deficit as a share of GDP was -3.4% in 2020Q3.
Source: United States Bureau of Economic Analysis
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