The U.S. trade deficit in goods remained virtually flat in August, increasing by $100 million from July to $58.2 billion, as exports decreased by $300 million to $132.4 billion and imports decreased by $100 million to $190.7 billion, according to figures released Thursday by the Commerce Department.
The U.S. balance of trade in services was positive by $100 million.
Overall, total August exports of $189.2 billion and imports of $228 billion resulted in a trade deficit of $38.8 billion, up from $38.6 billion in July.
But the United States is seeing positive movement on the trade deficit over the longer term. On an annual basis, the goods and services deficit decreased by $5.2 billion from August 2012, with exports up by $7.2 billion, or 3.9 percent, and imports only up by $1.9 billion, or 0.9 percent, in part because the United States is importing less foreign oil.