he Impotence The U.S. trade balance reached $58,303 million in August, a figure that represented a 9.9% decline from the previous month and the smallest gap between Exports and imports Since September 2020, according to Ministry of Commerce data.
In the eighth month of the year, US exports grew by 1.6% compared to July, but were 2.1% lower than those recorded in August 2022. The United States sold goods and services worth $256,031 million.
For its part, imports decreased by 0.7% monthly and 4.4% year-on-year, reaching a total of $314,333 million. Consequently, the North American trade deficit decreased by 13.4% year-on-year.
Exports were conditional on progress in sales industrial equipment Materials, capital and consumer goods, though Cars And machines. In addition, service exports rose thanks to the travel and finance sectors.
For its part, US imports showed a decline Buying consumer and capital goods from abroadBut industrial supplies and materials grew. Likewise, access to services remained virtually unchanged in August.
Regarding the trade deficit in goods with ChinaIt is the largest value held by the world’s leading power with other countries, and this amount increased by US$519 million, to US$25.959 million, as the increase in exports proved insufficient to compensate for the increase in imports.
