July trade balance widened to -63.6B

Exports, Imports,and Balance 
July exports were $168.1 billion, $12.6 billion more than June exports. July imports were $231.7 billion, $22.7 billion more than June imports.The July increase in the goods and services deficit reflected an increase in the goods deficit of $9.3 billion to $80.9 billion and a decrease in the services surplus of $0.8 billion to $17.4 billion.Year-to-date, the goods and services deficit increased $6.4 billion, or 1.8 percent, from the same period in 2019. Exports decreased $257.8 billion or 17.5 percent. Imports decreased $251.3 billion or 13.8 percent.

Three-Month Moving Averages
The average goods and services deficit increased $3.3 billion to $58.3 billion for the three months ending in July.

Average exports increased $6.9 billion to $155.1 billion in July.

Average imports increased $10.2 billion to $213.4 billion in July.Year-over-year, the average goods and services deficit increased $6.9 billion from the three months ending in July 2019.




Average exports decreased $55.7 billion from July 2019.Average imports decreased $48.8 billion from July 2019.