by Calculated Risk on 9/02/2021 08:46:00 AM
From the Department of Commerce reported:
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
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.
Exports increased and imports decreased in July.
Exports are up 25% compared to July 2020; imports are up 22% compared to July 2020.
The second graph shows the U.S. trade deficit, with and without petroleum.
Note that net, imports and exports of petroleum products are close to zero.
The trade deficit with China decreased to $28.6 billion in July, from $31.6 billion in July 2020.