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Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

U.S. Trade Deficit Increased in August

10/07/2020

According to a release by the Department of Commerce on October 6th, the trade deficit jumped 5.9 percent to $67.1 billion, the largest amount for August in 14 years. 

 

Imports increased by 3.2 percent to $239 billion. Of this total, goods represented $203 billion.

 

Exports increased 2.2 percent to $172 billion with $119 billion represented by goods, the difference between the total and goods exported comprised commodities and services.

 

In August commodity exports to China included corn valued at $190 million; soybeans, $881 million and cotton $215 million.


 
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