The US goods trade deficit widened to $118.8 billion in July 2026 from $101.4 billion in June, according to preliminary data. It was the largest deficit since March 2025, when it reached a record $158.7 billion. Imports rose 3.7% to a 16-month high of $318.2 billion, driven by higher purchases of capital goods (11.3%) and consumer goods (0.1%), which more than offset declines in industrial supplies (-3.9%), automotive vehicles (-1.6%), and foods, feeds, and beverages (-0.9%). Meanwhile, exports fell 2.9% to $199.4 billion, marking a third consecutive monthly decline and their lowest level since January. The decrease was led by lower shipments of industrial supplies (-11.2%), foods, feeds, and beverages (-1.4%), and automotive vehicles (-0.7%). source: U.S. Census Bureau

Goods Trade Balance in the United States decreased to -118800 USD Million in July from -101410 USD Million in June of 2026. Goods Trade Balance in the United States averaged -27404.26 USD Million from 1955 until 2026, reaching an all time high of 1492.00 USD Million in June of 1975 and a record low of -158729.00 USD Million in March of 2025. This page provides - United States Goods Trade Balance- actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Goods Trade Balance - data, historical chart, forecasts and calendar of releases - was last updated on August of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-28 12:30 PM
Goods Trade Balance Adv
Jun $-101.5B $-105.89B $-100.0B $-99.0B
2026-08-27 12:30 PM
Goods Trade Balance Adv
Jul $-118.8B $-101.41B $-99B $-100.0B
2026-09-30 12:30 PM
Goods Trade Balance Adv
Aug $-118.8B



Components Last Previous Unit Reference
Goods Exports 199372.00 205407.00 USD Million Jul 2026
Goods Imports 318177.00 306813.00 USD Million Jul 2026

Related Last Previous Unit Reference
Balance of Trade -73.26 -77.65 USD Billion Jun 2026
Exports 314.73 317.63 USD Billion Jun 2026
Goods Trade Balance -118800.00 -101410.00 USD Million Jul 2026
Imports 388.00 395.26 USD Billion Jun 2026
Oil Exports 13522.00 19258.00 USD Million Jun 2026


United States Goods Trade Balance
The United States has run uninterrupted trade deficits since 1976, driven largely by robust demand for imported industrial inputs, capital goods and consumer products. In 2025, trade flows were notably influenced by the introduction of new tariffs. Imports surged to record levels in the first half of the year as firms rushed to secure goods before higher duties took effect. Later in the year, however, import growth slowed considerably, indicating that tariffs were starting to dampen demand. For the year as a whole, the US recorded a goods trade deficit of just above $1.2 trillion, little changed from 2024 but still among the largest gaps seen since 1960. The biggest bilateral deficits were with the European Union ($218.8 billion), especially Ireland and Germany, followed by China ($202.1 billion), Mexico ($196.9 billion), Vietnam ($178.2 billion), Taiwan ($146.8 billion), Thailand ($71.9 billion), Japan ($63.9 billion), India ($58.2 billion), South Korea ($56.4 billion), Canada ($46.4 billion), Switzerland ($34.3 billion) and Malaysia ($30.8 billion).
Actual Previous Highest Lowest Dates Unit Frequency
-118800.00 -101410.00 1492.00 -158729.00 1955 - 2026 USD Million Monthly
SA

News Stream
US Goods Trade Deficit Largest Since March 2025
The US goods trade deficit widened to $118.8 billion in July 2026 from $101.4 billion in June, according to preliminary data. It was the largest deficit since March 2025, when it reached a record $158.7 billion. Imports rose 3.7% to a 16-month high of $318.2 billion, driven by higher purchases of capital goods (11.3%) and consumer goods (0.1%), which more than offset declines in industrial supplies (-3.9%), automotive vehicles (-1.6%), and foods, feeds, and beverages (-0.9%). Meanwhile, exports fell 2.9% to $199.4 billion, marking a third consecutive monthly decline and their lowest level since January. The decrease was led by lower shipments of industrial supplies (-11.2%), foods, feeds, and beverages (-1.4%), and automotive vehicles (-0.7%).
2026-08-27
US Goods Trade Deficit Narrows as Exports, Imports Fall
The US goods trade deficit narrowed to $101.5 billion in June 2026 from a 14-month high of $105.9 billion in May, according to preliminary data. Exports fell 1.8% to $204.7 billion, marking a second straight monthly decline and moving further below April's record high, driven by lower shipments of industrial supplies (-4.4%), foods, feeds, and beverages (-3.1%), and capital goods (-1.1%). Imports declined at a faster 2.6% to $306.2 billion, with purchases falling across all major categories, including consumer goods (-3.8%), capital goods (-2.0%), industrial supplies (-1.9%), vehicles (-2.5%), and foods, feeds, and beverages (-2.5%). In the first half of 2026, the cumulative goods trade deficit narrowed to $535.5 billion from $716.6 billion in the same period a year earlier, suggesting trade flows are continuing to normalize following last year's US tariff announcements, although uncertainty surrounding US trade policy remains.
2026-07-28
US Goods Trade Gap Widens to 14-Month High
The goods trade deficit in the United States widened to $105.8 billion in May of 2026 from $83 billion in the previous month, on a seasonally adjusted basis, to mark the widest trade gap in over one year. It contrasted to expectations of an $85 billion gap. Imports rose by 3.6% to $313.4 billion, the highest in 14 months despite the tariffs passed by the presidential administration. Foreign purchases were higher for consumer goods (5.7% to $59.5 billion), industrial supplies (4.8% to $55.9 billion), foods, feeds, and beverages (4.3% to $18.2 billion), and other goods (11.5% to $15.4 billion). In turn, exports dropped by 5.4% to $207.7 billion, the third-highest on record, to general inflation of domestically-produced industries. Sales fell for industrial supplies (-7% to $82.7 billion) and consumer goods (-9.2% to $20.7%).
2026-06-26