U.S. Trade Gap Narrowed in July
Washington, DC, September 3,
2015—The U.S. trade deficit fell in July to its lowest level in five months as
exports rose. The goods and services deficit was $41.9 billion in July, down $3.3 billion from $45.2 billion in
June, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis
announced through the Department of Commerce.
July exports were $188.5 billion, $0.8 billion more than
July imports were $230.4 billion, $2.5 billion less than
The July decrease in the goods
and services deficit reflected a decrease in the goods deficit of $3.4 billion
to $61.4 billion and a decrease in the services surplus of less than $0.1
billion to $19.6 billion.
Year-to-date, the goods and
services deficit increased $10.6 billion, or 3.6%, from the same period in
2014. Exports decreased $47.0 billion or 3.5%. Imports decreased $36.4 billion