US Exports Fall for 3rd Month

Exports from the US declined 2.1% month-over-month to $310.7 billion in July 2026, marking a third consecutive monthly fall and the lowest value since January. Sales declined for crude oil (-$4.5 billion), nonmonetary gold (-$3.9 billion), travel services (-$0.6 billion), financial services (-$0.3 billion) and transport services (-$0.2 billion). On the other hand, shipments increased for capital goods ($1.9 billion) and pharmaceutical preparations ($1 billion). Exports went mostly to the EU ($36.5 billion), Mexico ($32.6 billion) and Canada ($29.25 billion). Sales to China amounted to $10.3 billion.

US exports fell 0.9% to a four-month low of $314.7 billion in June 2026, as weaker goods shipments outweighed continued strength in services exports. Goods exports declined by $4 billion to $206.9 billion, with the largest drag coming from industrial supplies and materials. Crude oil exports dropped by $5.7 billion, while fuel oil shipments fell $1.6 billion, reflecting lower oil prices and reduced export volumes. Those declines were partly offset by a $3.4 billion increase in nonmonetary gold exports. Elsewhere, capital goods exports slipped by $0.6 billion, led by a $1.1 billion fall in computer shipments, while other goods exports decreased by $0.8 billion. In contrast, services exports rose $1.1 billion to $107.8 billion, supported by stronger financial services and travel receipts. Spending by international visitors increased for a second straight month as the FIFA World Cup boosted tourism, lifting US travel exports by 2.4% to their highest level since the beginning of 2025.

US exports declined 3.2%, falling $10.5 billion to $317.7 billion in May 2026 after reaching a record $328.2 billion in April. The drop was mainly due to lower goods exports, which decreased $11.3 billion to $210.6 billion. Industrial supplies and materials fell $5.5 billion, led by sharp declines in nonmonetary gold ($6.2 billion), other precious metals ($1.3 billion), and natural gas ($1.1 billion). However, crude oil exports increased by $2.0 billion. Capital goods exports dropped $3.5 billion, with lower shipments of computers ($2.1 billion) and computer accessories ($2.0 billion). Consumer goods also declined $2.1 billion, including a $0.9 billion decrease in pharmaceutical preparations. In contrast, services exports rose $0.8 billion to $107.1 billion, supported by higher earnings from travel, business, transport, and financial services.