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International Trade in Goods and Services

U.S. International Trade in Goods and Services, July 2020

July 2020
-$63.6B
June 2020
-$53.5B

The U.S. monthly international trade deficit increased in July 2020 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $53.5 billion in June (revised) to $63.6 billion in July, as imports increased more than exports. The previously published June deficit was $50.7 billion. The goods deficit increased $9.3 billion in July to $80.9 billion. The services surplus decreased $0.8 billion in July to $17.4 billion.

Current Release
  • Current Release: September 3, 2020
  • Next release: October 6, 2020
 

What is Trade in Goods and Services?

Trade in goods and services between U.S. residents and residents of other countries each month. U.S. sales are exports and U.S. purchases are imports. The difference between the exports and imports is the trade balance. 

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