US Trade

[Magaly]

Q2 2024 Trade Deficit has continued to widen in 2024 with a 222 Billion deficit, reaching 427 Billion in 1H2024

• Trade deficit increased 18 Billion 8.8% Q/Q, and 9.3% Y/Y (vs 1.85% Y/Y in Q1 2024)
  
  

The deficit deterioration has been almost entirely due to growing imports while stagnating exports in Q2 2024

• Exports increased only 4.2 Billion, 0.5% Q/Q, to 791 Billion (1,578 B in 1H2024), a 5.1% Y/Y (vs 2.5% Y/Y in Q1 2024)
• Imports increased 22 Billion, 2.2% Q/Q, to 1,013 Billion (2,005 B in 1H 2024), a 6% Y/Y (2.4% Y/Y in Q1 2024).