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The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $39.5 billion in July, down $5.2 billion from $44.7 billion in June, revised. July exports were $186.3 billion, $3.4 billion more than June exports. July imports were $225.8 billion, $1.8 billion less than June imports.
Exports of goods increased $3.4 billion to $124.1 billion in July.
Exports of goods on a Census basis increased $3.6 billion.
Net balance of payments adjustments decreased $0.2 billion.
Exports of services decreased less than $0.1 billion to $62.3 billion in July.
Imports of goods decreased $1.9 billion to $184.4 billion in July.
Imports of goods on a Census basis decreased $1.9 billion.
Net balance of payments adjustments increased $0.1 billion.
Imports of services increased $0.1 billion to $41.4 billion in July.
The July figures show surpluses, in billions of dollars, with South and Central America ($2.6), Hong Kong ($2.0), Singapore ($0.9), Brazil ($0.6), and United Kingdom ($0.5). Deficits were recorded, in billions of dollars, with China ($29.4), European Union ($11.8), Japan ($6.0), Germany ($5.3), Mexico ($5.2), South Korea ($2.3), India ($2.2), Italy ($1.8), Taiwan ($1.2), France ($1.0), OPEC ($0.9), Canada ($0.4), and Saudi Arabia ($0.2).
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