Tuesday, October 21, 2025

US Trade Deficit Gap Skyrockets to Levels Not Seen Since 2008

Although there are still some optimists that foresee a V-shaped economic recovery ensuing, the incoming data increasingly points to a rather different path.

According to the latest report released by the US Census Bureau, the country’s trade deficit rose to $63.6 billion in July, which is nearly a 19% increase from the prior month. This is the largest trade deficit since the Financial Crisis of 2008, with exports rising by 8.1% to $168.1 billion and imports increasing by 10.9% to a total of $231.7 billion.

This means that the trade of goods declined to the lowest level in almost 20 years, and services dropped by most since August of 2012. The total value of US imports and exports increased to $399.8 billion, which still remains significantly lower than pre-pandemic levels. According to Bloomberg, the sudden increase in the deficit gap suggests that a recovery for the US economy will not be continuous, but rather occur in small spurts. Although trade volumes have increased since the low levels of May, they still remain significantly below pre-pandemic levels.

Information for this briefing was found via US Census Bureau and Bloomberg. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

US Job Openings Surge in October, But Weakening Trend Expected With Delayed Print

Before the second wave of the pandemic enveloped the entirety of the US and plunged...

Friday, December 11, 2020, 10:45:00 AM

Consumer Spending Drops By Most on Record, Meanwhile Household Incomes Increase

According to recent data compiled by the Commerce Department, consumer spending in the US dropped...

Sunday, May 31, 2020, 02:50:00 PM

US Economy Contracts by Most On Record In Q2, GDP Falls by 32.9%

The US economy contracted by most on record since the 1940’s, exposing the true extent...

Thursday, July 30, 2020, 10:09:57 AM

Canada Falls Back Into $1.4 Billion Trade Deficit in May Amid Higher Imports

Canada’s trade balance jumped from a revised surplus of $462 million to a deficit of...

Saturday, July 3, 2021, 03:34:00 PM

Putin Retaliates: Moscow Announces Export Bans in Response to Western Sanctions

Russian President Vladimir Putin imposed an export ban on various goods and agricultural commodities in...

Thursday, March 10, 2022, 01:58:00 PM