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Wednesday, October 5, 2016 Services: Jeannine Aversa, (301) 278-9003 Goods: Mala Kline, (301) 763-2311 August 2016 Trade Gap is $40.7 Billion U.S. international trade in goods and services The U.S. monthly international trade deficit increased in August 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $39.5 billion in July (revised) to $40.7 billion in August, as imports increased more than exports. The previously published July deficit was $39.5 billion. The goods deficit decreased less than $0.1 billion in August to $60.3 billion. The services surplus decreased $1.2 billion in August to $19.6 billion. Balance on Goods and Services Trade January 2007–August 2016 Billion $ -$20 -$30 -$40 -$50 -$60 -$70 -$80 2007 2008 2009 U.S. Bureau of Economic Analysis U.S. Census Bureau 2010 2011 2012 2013 2014 2015 2016 Seasonally adjusted Exports Exports of goods and services increased $1.5 billion, or 0.8 percent, in August to $187.9 billion. Exports of goods increased $1.2 billion and exports of services increased $0.3 billion. • The increase in exports of goods reflected an increase in industrial supplies and materials ($1.4 billion). A decrease in capital goods ($0.7 billion) was partly offsetting. • The increase in exports of services mainly reflected an increase in travel (for all purposes including education) ($0.2 billion). Imports Imports of goods and services increased $2.6 billion, or 1.2 percent, in August to $228.6 billion. Imports of goods increased $1.1 billion and imports of services increased $1.5 billion. • The increase in imports of goods reflected an increase in capital goods ($1.2 billion). A decrease in industrial supplies and materials ($0.8 billion) was partly offsetting. • The increase in imports of services reflected an increase in charges for the use of intellectual property ($1.2 billion), which included payments for the rights to broadcast the 2016 Summer Olympic Games. For more detailed information on trade by type of good or service and with major trading partners, see U.S. International Trade in Goods and Services: August 2016. BEA statistics—including GDP, personal income, the balance of payments, foreign direct investment, the input-output accounts, and economic statistics for states, local areas, and industries—are available at www.bea.gov. E-mail alerts are also available. NOTE: This and more information is provided in the October 5 news release, U.S. International Trade in Goods and Services: August 2016, issued by the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The next release is November 4, 2016.