Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

The U.S. goods-and-services trade deficit widened to $105.6 billion in August 2026, up $12.7 billion from July’s revised $92.8 billion. Imports rose more than exports, while a much larger goods deficit was only slightly offset by a larger services surplus. The monthly increase contrasts with a smaller deficit for January through August than in the same period of 2025.

What the August trade deficit measures

The U.S. Census Bureau and Bureau of Economic Analysis (BEA) reported the figures on October 6, 2026. The headline is the seasonally adjusted balance for goods and services: exports of $315.2 billion minus imports of $420.8 billion, leaving a $105.6 billion deficit. The figures are not adjusted for price changes, so they describe nominal dollar values rather than changes in trade volume.

A trade deficit means the value of imports exceeded the value of exports during the period. It does not, by itself, establish why trade moved or whether a particular policy, sector, or economic condition caused the change.

Why did the deficit increase from July?

Imports increased $17.2 billion to $420.8 billion, while exports rose $4.5 billion to $315.2 billion. The gap therefore widened by $12.7 billion, to $105.6 billion. The comparison uses July’s revised estimate of $92.8 billion, not its earlier estimate.

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

The goods-and-services total combines two different balances. Goods imports substantially exceeded goods exports; in services, exports exceeded imports.

Measure August 2026 Change from July
Goods-and-services deficit $105.6 billion Widened $12.7 billion
Exports, goods and services $315.2 billion Increased $4.5 billion
Imports, goods and services $420.8 billion Increased $17.2 billion
Goods deficit $136.6 billion Widened $12.8 billion
Services surplus $31.0 billion Increased less than $0.1 billion

Goods and services moved differently

Goods

Goods exports increased $4.4 billion to $205.7 billion. Goods imports rose $17.2 billion to $342.2 billion, widening the goods deficit by $12.8 billion to $136.6 billion.

Among the goods-import categories that increased, industrial supplies and materials rose $9.1 billion, including crude oil ($3.3 billion) and nonmonetary gold ($3.1 billion). Capital-goods imports rose $6.2 billion, including semiconductors ($2.4 billion) and other industrial machinery ($1.3 billion). Computer-accessory imports fell $1.6 billion.

Services

Services exports increased by less than $0.1 billion to $109.5 billion, and services imports increased by less than $0.1 billion to $78.5 billion. The services surplus grew by less than $0.1 billion to $31.0 billion, partially offsetting the widening goods deficit.

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.

The Census Bureau separately highlighted August records for capital-goods imports ($146.4 billion), imports from Mexico ($60.6 billion), and imports from Vietnam ($26.5 billion). These are records for the specified category or trading partner, not evidence that the overall U.S. trade deficit was a record.

The monthly increase does not erase the year-to-date decline

From January through August 2026, the goods-and-services deficit was $138.2 billion, or 19.9%, lower than in January through August 2025. Over that same eight-month comparison, exports were up 11.8% and imports were up 4.4%. These year-to-date figures cover a different period from August’s month-to-month change; one month’s widening does not establish a reversal of the year-to-date comparison.

Nominal headline versus real goods balance

The $105.6 billion headline is a nominal, goods-and-services figure. Separately, the real goods deficit, measured in 2017 dollars, increased 8.2% to $114.7 billion in August. That real goods-only figure is not directly comparable with the nominal headline, which includes services. The nominal goods deficit rose 11.1%.

The release reports measured changes but does not establish that tariffs, demand, inventories, or any single policy caused them. Its percentage changes are not designated as statistically significant; the accompanying PDF says statistical significance is not applicable or not measurable for these figures.

Special offer. See more information about Outbyte and uninstall instructions. Please review EULA and Privacy policy.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Support on Ko-Fi

What changed in July’s revised figures?

The August release revised July’s trade estimates. July goods exports were revised up $0.2 billion and services exports down $0.2 billion. Goods imports were revised up $4.4 billion and services imports down $0.2 billion. As a result, the July deficit used in the August comparison is $92.8 billion.

Official release and next update

The joint BEA and Census release for August 2026 includes the detailed results. The Census FT-900 report provides the statistical tables, and BEA’s international trade data page provides related data. BEA listed November 4, 2026 as the next release date when the August report was issued; release schedules can change.

Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.