Total July exports were $186.3 billion and imports were $225.8 billion, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce. This resulted in a goods and services deficit of $39.5 billion, down $5.2 billion from June. July exports were up $3.4 billion from June, and July imports were down $1.8 billion.
The July decrease in the goods and services deficit reflected a decrease in the goods deficit of $5.3 billion to $60.3 billion and a decrease in the services surplus of $0.1 billion to $20.9 billion.
Year-to-date, the goods and services deficit decreased $0.5 billion, or 0.2 percent, from the same period in 2015. Exports decreased $63.7 billion or 4.8 percent. Imports decreased $64.2 billion or 4 percent.
Exports of goods increased $3.4 billion and exports of services decreased less than $0.1 billion. The increase in exports of goods mostly reflected an increase in foods, feeds and beverages ($3.7 billion). The decrease in exports of services mainly reflected decreases in transport ($0.1 billion) and financial services ($0.1 billion).
Imports of goods decreased $1.9 billion and imports of services increased $0.1 billion. The decrease in imports of goods mostly reflected a decrease in consumer goods ($1.9 billion). The increase in exports of services mainly reflected an increase in travel ($0.1 billion).
