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 June exports.

July imports were $230.4 billion, $2.5 billion less than June imports.

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 or 2.2%.