The U.S. goods and services trade deficit increased from $63.7 billion in June (revised) to $65.0 billion in July, as imports increased more than exports. The goods deficit increased $2.0 billion to $90.0 billion, and the services surplus increased $0.7 billion to $25.0 billion.
Exports of goods and services increased $3.9 billion, or 1.6 percent, in July to $251.7 billion. Exports of goods increased $3.2 billion, and exports of services increased $0.7 billion.
- The increase in exports of goods reflected increases in automotive vehicles, parts, and engines ($1.7 billion) and in industrial supplies and materials ($1.4 billion).
- The increase in exports of services reflected increases in travel ($0.5 billion) and in transport ($0.2 billion).
Imports of goods and services increased $5.2 billion, or 1.7 percent, in July to $316.7 billion. Imports of goods increased $5.2 billion, and imports of services decreased less than $0.1 billion.
- The increase in imports of goods reflected increases in consumer goods ($2.6 billion) and in capital goods ($2.2 billion). A decrease in industrial supplies and materials ($1.4 billion) partly offset the increases.
- The decrease in imports of services reflected a decrease in transport ($0.4 billion). An increase in travel ($0.3 billion) mostly offset the decrease.
Real, or inflation-adjusted, statistics are also available for trade in goods. The real goods deficit increased 3.0 percent in July, compared to a 2.7 percent increase in the nominal deficit. Real exports of goods increased 1.1 percent, compared to a 1.7 percent increase in nominal exports. Real imports of goods increased 1.8 percent, compared to a 2.1 percent increase in nominal imports.
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