US trade deficit hits $105.6B in August

The US international trade deficit reached $105.6 billion in August, marking a significant increase of 13.7% from the previous month due to a surge in imports, according to official figures released Tuesday.

The US Census Bureau and the Bureau of Economic Analysis announced that the goods and services deficit stood at $105.6 billion in August, rising by $12.7 billion from July's revised figure of $92.8 billion.

August exports increased by 1.4% or $4.5 billion from the previous month to reach $315.2 billion.

The country imported goods and services worth $420.8 billion in the month, up 4.3% or $17.2 billion from July.

The wider gap in August reflected a $12.8 billion increase in the goods deficit to $136.6 billion, while the services surplus grew slightly to $31 billion.

For the first eight months of the year, the goods and services deficit fell by $138.2 billion, or 19.9%, compared to the same period in 2025.

Year-to-date exports jumped by $267.7 billion, or 11.8%, as imports grew by $129.5 billion, or 4.4%.

The US recorded the largest goods trade deficit with Mexico at $27.7 billion, followed by Vietnam with $24 billion and Taiwan with $18.3 billion.