US Imports Rise in July

Imports to the United States rose 2.8% month-over-month to $399.3 billion in July 2026, the largest since a record of $416.35 billion in March 2025. Purchases rose for computers ($6.9 billion), computer accessories ($6.6 billion) and semiconductors ($1.2 billion) while a fall was seen for crude oil ($-1.8 billion) and charges for the use of intellectual property ($-0.5 billion). Imports came mostly from Mexico ($60 billion), the European Union ($45.4 billion), Canada ($25.6 billion) and China ($25.6 billion).

US imports fell by $7.3 billion, or 1.8%, from the prior month to $388 billion in June 2026, marking the first drop since January. Imports of goods decreased $7.9 billion to $309.0 billion in June, with Census-basis imports falling by $7.7 billion. The drop mainly reflected lower purchases of capital goods (-$2.1 billion), particularly computers (-$3.0 billion), and consumer goods (-$2.1 billion), mainly pharmaceutical preparations (-$1.9 billion). These declines were partly offset by a $1.1 billion increase in telecommunications equipment imports. Meanwhile, services imports rose by $0.6 billion to $79.0 billion, led by higher charges for the use of intellectual property (+$0.7 billion), transport (+$0.2 billion), and insurance services (+$0.1 billion), partly offset by a decline in travel (-$0.4 billion).

US imports rose by $12.5 billion, or 3.3%, to $395.3 billion in May 2026, the highest since March 2025. Most of the growth came from goods imports, which climbed $12.3 billion to $317.0 billion. Consumer goods increased by $3.5 billion, led by higher imports of pharmaceuticals ($1.9 billion) and cell phones and household goods ($1.0 billion). Industrial supplies and materials rose $3.1 billion, mainly due to a $1.5 billion increase in crude oil imports. Automotive imports grew $2.2 billion, including a $1.0 billion rise in passenger cars. Other goods increased $1.4 billion, while capital goods rose $1.1 billion, supported by higher imports of computer accessories and semiconductors. However, computer imports fell $3.4 billion, partially offsetting these gains. Imports of services increased slightly by $0.2 billion to $78.2 billion, mainly because of higher spending on insurance services.