The U.S. trade deficit narrowed to $59.6 billion in August 2025, down from $78.2 billion in July and slightly better than expectations of a $61 billion shortfall.
Imports fell 5.1% to $340.4 billion, driven largely by a $9.3 billion drop in nonmonetary gold. Declines also occurred in imports of foods, feeds, and beverages; computer accessories; telecommunications equipment; jewelry; and transportation goods. In contrast, imports of computers, pharmaceutical products, and various technology and information services—including telecommunications, computer, and information services—saw increases, as did travel-related imports.
On the export side, total shipments inched up 0.1% to $280.8 billion. Growth was led by computers, crude oil, travel services, maintenance and repair services, and royalties and license fees. However, exports of pharmaceutical preparations, nonmonetary gold, and automobiles declined.
Among major trading partners, the trade deficit with China widened slightly, the gap with Mexico remained mostly unchanged, and deficits with Vietnam, Taiwan, and the European Union narrowed.
