U.S. trade deficit in August rises to record-high $73.25 bil.

© Kyodo News

The U.S. deficit in trade of goods and services widened 4.2 percent in August from the previous month to $73.25 billion, the highest on record since comparable data became available in 1992, the Commerce Department said Tuesday.

U.S. exports edged up 0.5 percent to $213.74 billion, the highest since May 2019, while imports rose 1.4 percent to a record-high $286.99 billion.

By country, the U.S. goods trade deficit with Japan shrank 0.3 percent in August to $6.27 billion.

The deficit with China, meanwhile, widened 10.8 percent to $31.74 billion, while that with Mexico fell 4.1 percent to $7.91 billion.

From the start of 2021, Japan ranked as having the fifth-largest trade deficit with the United States after China, Mexico, Vietnam and Germany.

The global trade figures are measured on a balance-of-payments basis after seasonal adjustment, and the country-by-country and regional breakdowns are based on unadjusted customs-cleared data.