US current account deficit narrows by 42.9% in Q2 2025: BEA

The narrowing primarily reflected a reduced deficit on goods.

The revised Q1 2025 deficit was $439.8 billion.

The Q2 deficit was 3.3 per cent of current-dollar gross domestic product (GDP)—down from 5.9 per cent in Q1.

Exports of goods and services to and income received from foreign residents increased by $28.6 billion to $1.27 trillion in Q2 2025. Imports of goods and services from and income paid to foreign residents decreased by $159.9 billion to $1.53 trillion in the quarter.

Exports of goods increased by $11.3 billion to $550.2 billion in the quarter. Imports of goods decreased by $184.5 billion to $820.2 billion, a BEA release said.

ALCHEMPro News Desk (DS)