Trade Deficit Narrowed Sharply in July

Washington, DC, September 2, 2016—The goods and services deficit was $39.5 billion in July, down $5.2 billion from $44.7 billion in June, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce.

July exports were $186.3 billion, $3.4 billion more than June exports. July imports were $225.8 billion, $1.8 billion less than June imports.

The July decrease in the goods and services deficit reflected a decrease in the goods deficit of $5.3 billion to $60.3 billion and a decrease in the services surplus of $0.1 billion to $20.9 billion.

Year-to-date, the goods and services deficit decreased $0.5 billion, or 0.2%, from the same period in 2015. Exports decreased $63.7 billion or 4.8%. Imports decreased $64.2 billion or 4.0%.