Balance of Trade Expanded by $10.1 Billion in July
Washington, DC, September 3, 2020-The goods and services deficit was $63.6 billion in July, up $10.1 billion from $53.5 billion in June, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.
July exports were $168.1 billion, $12.6 billion more than June exports. July imports were $231.7 billion, $22.7 billion more than June imports.
The July increase in the goods and services deficit reflected an increase in the goods deficit of $9.3 billion to $80.9 billion and a decrease in the services surplus of $0.8 billion to $17.4 billion.
Year-to-date, the goods and services deficit increased $6.4 billion, or 1.8%, from the same period in 2019. Exports decreased $257.8 billion or 17.5%. Imports decreased $251.3 billion or 13.8%.
Related Topics:U.S. Census Bureau