Goods & Services Deficit Narrowed by $5.5B in July

Washington, DC, September 2, 2021-July exports were $212.8 billion, $2.8 billion more than June exports, according to the U.S. Census Bureau. July imports were $282.9 billion, $0.4 billion less than June imports.

The July decrease in the goods and services deficit reflected a decrease in the goods deficit of $5.5 billion to $87.7 billion and a decrease in the services surplus of $2.4 billion to $17.7 billion.

Year-to-date, the goods and services deficit increased $131.0 billion, or 37.1%, from the same period in 2020. Exports increased $205.0 billion or 16.8%. Imports increased $336.0 billion or 21.3%.