U.S. Trade Deficit Widens in July


U.S. July exports of $183.3 billion and imports of $225.3 billion resulted in a goods and services deficit of $42.0 billion, up from $41.9 billion in June, revised. July exports were $1.9 billion less than June exports of $185.2 billion. July imports were $1.8 billion less than June imports of $227.1 billion.

In July, the goods deficit decreased $0.2 billion from June to $57.3 billion, and the services surplus decreased $0.3 billion from June to $15.3 billion.  Exports of goods decreased $1.9 billion to $130.8 billion, and imports of goods decreased $2.1 billion to $188.1 billion.  Exports of services were virtually unchanged at $52.5 billion, and imports of services increased $0.3 billion to $37.2 billion.

The goods and services deficit decreased $3.6 billion from July 2011 to July 2012.  Exports were up $4.9 billion, or 2.8 percent, and imports were up $1.4 billion, or 0.6 percent.

The June to July decrease in exports of goods reflected decreases in industrial supplies and materials ($2.4 billion); automotive vehicles, parts, and engines ($0.6 billion); other goods ($0.6 billion); and consumer goods ($0.4 billion). Increases occurred in foods, feeds, and beverages ($1.8 billion) and capital goods ($0.1 billion).

The June to July decrease in imports of goods reflected decreases in industrial supplies and materials ($2.1 billion); capital goods ($0.6 billion); and other goods ($0.4 billion).  Increases occurred in automotive vehicles, parts, and engines ($0.5 billion); consumer goods ($0.4 billion); and foods, feeds, and beverages ($0.1 billion).


TradingEconomics.com, BEA
9/11/2012 1:39:55 PM