According to the foreign trade data of the US Department of Commerce for August, the country’s exports increased by 2 percent compared to the previous month in August, reaching 271.8 billion dollars, while its imports decreased by 0.9 percent, falling to 342.2 billion dollars.
Thus, the US foreign trade deficit decreased by 10.8 percent on a monthly basis in August to 70.4 billion dollars.
The foreign trade deficit of the USA, which reached its lowest level in 5 months, was predicted to be 70.1 billion dollars in August. The US’s foreign trade deficit was calculated as 78.9 billion dollars in July.
Foreign trade deficit with China decreased
The US’s foreign trade deficit against China, with which it has sensitive relations, decreased in the said period. The country’s trade deficit with China decreased by 2.6 billion dollars in August compared to the previous month, falling to 24.7 billion dollars.
The country’s deficit against Canada also decreased by 3.8 billion dollars to 3.9 billion dollars.
Other trade partners with which the USA has a deficit include the European Union ($19.1 billion), Mexico ($14.3 billion), Vietnam ($9.8 billion), Ireland ($8 billion), Taiwan (7.3 billion dollars). billion dollars), Germany ($6.6 billion), Japan ($4.9 billion), South Korea ($4.9 billion), Italy ($2.9 billion), India ($2.7 billion), Switzerland ($2.5 billion), France ($1.7 billion), Malaysia ($1.1 billion), Israel ($1 billion), Belgium ($600 million) and Saudi Arabia ($100 million). .
The places where the country has a trade surplus are the Netherlands ($5.5 billion), South and Central America ($4 billion), Australia ($1.9 billion), Hong Kong ($1.6 billion), Brazil ($800 million). , Singapore ($500 million) and the United Kingdom ($300 million).
Source: www.dunya.com
