US exports in Jul $251.7 bn; imports $316.7 bn; goods deficit $90 bn

The July increase reflected an increase in the goods deficit of $2 billion to $90 billion.

July exports were worth $251.7 billion, $3.9 billion more than June exports, while imports during the month were worth $316.7 billion, $5.2 billion more than the June figure.

Year-to-date, the US goods and services deficit decreased by $128.3 billion, or by 21.4 per cent, year on year (YoY). Exports increased by $27.3 billion, or 1.6 per cent YoY, while imports fell by $101 billion, or 4.3 per cent YoY, during the period.

The average goods and services deficit decreased by $2.7 billion to $65.2 billion for the three months ending in July.

Average exports increased by $0.8 billion to $249.1 billion in July, while average imports decreased $1.9 billion to $314.3 billion.

Year on year, the average goods and services deficit decreased $13.7 billion from the three months ending in July 2022.

Exports of goods increased $3.2 billion to $168.4 billion in July, while such imports increased $5.2 billion to $258.3 billion in July.

ALCHEMPro News Desk (DS)