Research >> Economics
Goods and Services Deficit Decreased in July 2021
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The nation's international trade deficit in goods and services decreased to $70.1 billion in July from $73.2 billion in June (revised), as exports increased and imports decreased. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $70.1 billion in July, down $3.2 billion from $73.2 billion in June, revised.
Exports, Imports, and Balance
July exports were $212.8 billion, $2.8 billion more than June exports. July imports were $282.9 billion, $0.4 billion less than June imports. The July decrease in the goods and services deficit reflected a decrease in the goods deficit of $5.5 billion to $87.7 billion and a decrease in the services surplus of $2.4 billion to $17.7 billion. Year-to-date, the goods and services deficit increased $131.0 billion, or 37.1 percent, from the same period in 2020. Exports increased $205.0 billion or 16.8 percent. Imports increased $336.0 billion or 21.3 percent.
Three-Month Moving Averages
The average goods and services deficit increased $1.1 billion to $70.6 billion for the three months ending in July.
•Average exports increased $2.0 billion to $210.5 billion in July.
•Average imports increased $3.1 billion to $281.2 billion in July.
Year-over-year, the average goods and services deficit increased $15.2 billion from the three months ending in July 2020.
• Average exports increased $51.9 billion from July 2020.
• Average imports increased $67.1 billion from July 2020.
Posted: September 2, 2021 Thursday 08:30 AM