The U.S. goods and services deficit was $43.7 billion in July, up $0.1 billion from the revised June figure of $43.5 billion, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce. July exports were $194.4 billion, $0.6 billion less than June exports. July imports were $238.1 billion, $0.4 billion less than June imports.
The July increase in the goods and services deficit reflected a decrease in the goods deficit of less than $0.1 billion to $65.3 billion and a decrease in the services surplus of $0.2 billion to $21.6 billion.
Year-to-date, the goods and services deficit increased $27.9 billion, or 9.6 percent, from the same period in 2016. Exports increased $76.8 billion, or 6 percent. Imports increased $104.8 billion or 6.7 percent.
Exports of goods decreased $0.4 billion and exports of services decreased $0.1 billion. The decrease in exports of goods mostly reflected a decrease in consumer goods ($0.7 billion). The decrease in exports of services mainly reflected decreases in travel ($0.3 billion).
Imports of goods decreased $0.5 billion and imports of services increased less than $0.1 billion. The decrease in imports of goods mostly reflected a decrease in automotive vehicles, parts and engines ($0.8 billion). The increase in exports of services was reflected across all categories.
