The goods and services deficit was $54.9 billion in August, up $0.9 billion from $54 billion in July, revised, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.
August exports were $207.9 billion, $0.5 billion more than July exports. August imports were $262.8 billion, $1.3 billion more than July imports.
The August increase in the goods and services deficit reflected an increase in the goods deficit of $0.8 billion to $74.4 billion and a decrease in the services surplus of less than $0.1 billion to $19.5 billion.
Year-to-date, the goods and services deficit increased $28.3 billion, or 7.1%, from the same period in 2018. Exports decreased $3.2 billion or 0.2%. Imports increased $25.1 billion or 1.2%.
Exports of goods increased $0.4 billion to $138.6 billion in August while exports of services increased $0.1 billion to $69.3 billion.
Imports of goods increased $1.2 billion to $213 billion in August while imports of services increased $0.1 billion to $49.8 billion.