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- U.S trade balance deficit declined more than expected in July
U.S trade balance deficit declined more than expected in July
July exports were $211.1 billion, $2.1 billion less than June exports. July imports were $261.2 billion, $2.2 billion more than June imports.
The July increase in the goods and services deficit reflected an increase in the goods deficit of $4.2 billion to $73.1 billion and a decrease in the services surplus of $0.1 billion to $23.1 billion.
Year-to-date, the goods and services deficit increased $22.0 billion, or 7.0 percent, from the same period in 2017. Exports increased $115.7 billion or 8.6 percent. Imports increased $137.7 billion or 8.3 percent.
Three-Month Moving Averages:
The average goods and services deficit increased $1.5 billion to $46.1 billion for the three months ending in July.
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Average exports increased $0.2 billion to $213.0 billion in July.
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Average imports increased $1.7 billion to $259.1 billion in July.
Year-over-year, the average goods and services deficit increased $1.2 billion from the three months ending in July 2017.
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Average exports increased $18.7 billion from July 2017.
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Average imports increased $19.9 billion from July 2017.
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